8 votes

"BITCOIN" posts get no traction here... WHY?

I just noticed something... I posted a bunch of really informative and useful links and stories here, and they are all being VOTED DOWN!

It just seems unnecessary, I mean, it is only information, and in my view it is EXACTLY fitting to the liberty message, and in line with Ron Paul's competing currency ideas.

So who is doing all the down voting of bitcoin related articles??

Any ideas?

-- maybe I don't quite see how this site works --

Dear Michael (Nystrom), it sure would be nice if we could see all the voting activity, not only the final vote count. It would make it more interesting to sort posts according to "activity"

here are my recent posts:

Expatriating from the United States? Consider this!

Wikipedia Accepts 'Enemies Of The Internet' Currencies

Why Bitcoin Acceptance Should Be A Litmus Test Of Liberty Proponents

The future of Bitcoin: new applications and rebuilding the banking system

Why do I bother trying to EDUCATE here about BITCOIN?

Gold vs Bitcoin

Here are other people's (GREAT) posts about Bitcoin:

Allten's Bitcoin Thread

Bitcoin Report Vol 26 with BrotherJohnF VIDEO

Adam Kokesh: What is Bitcoin and Why is it Important

Gold, Silver and Bitcoin: The ultimate interview by VisionVictory




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They

could simply outlaw online currencies. If bitcoin picks up a lot more traction that isn't so far fetched...it would be a direct threat to government currencies.

That would be as enforceable as

That would be as enforceable as outlawing nose-picking.

I don't

think that matters much...if it was outlawed the price would drop like a rock.

I doubt it. I've been

I doubt it. I've been telling everyone that I know to assume it's illegal until proven otherwise anyway. I don't think you quite understand how large the market is for not-quite-legal money.

http://www.freakonomics.com/2011/11/01/the-black-market-is-t...

Don't forget

Bitcoin is a GLOBAL currency. The U.S. does not control the rest of the world.

I know

that...but they control what goes on in this country.

I don't think we are talking

I don't think we are talking about the same country. From what I've seen, they can't really control NYC after a blow.

That doesn't

really matter...if it were to outlaw it the price of bitcoin would drop like a rock...it doesn't matter if certain individuals decide to take their chances and keep using it.

Many things can affect the

Many things can affect the exchange price, but a drop in the price is not the same as the destruction of the currency. The market value of your gold coins would drop pretty fast too, if Obama decided that it was again in the national interest if private ownership of PM were banned and you were compensated the *official=* exchange rate of $35 per ounce. There is no such thing as a free lunch, and there is no such thing as a sure bet, either.

Correct me if I'm wrong

Didn't Warren Buffett say: Diversification is for pussies (or something like that :)

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]

Existential threat to the current order

is what bitcoin would be if it ever became more than a marginal currency, so rather than lose control the sociopaths in power would stop at nothing to destroy it. If that means shutting down the entire internet or killing a few hundred million people in a global thermonuclear war, well yes, yes they can.

When bitcoins become mainstream

a new similar system will emerge by bigger players and will make bitcoin a memory much like VHS thumping Beta.

VHS won because it was first

VHS won because it was first to market, not because is was superior. Betamax was definately a better technology, and it lost.

Not really.

Beta actually predated VHS by about a year. What made VHS more appealling to the American market (the one that mattered) was its longer recording time. You could record an hour on Beta, and two hours on VHS. This led to video stores renting movies on VHS tapes, and leading the charge in this area were the adult movie studios. Beta didn't have this ability until a while later. Much like the Flash video players that dominate the browser-based video of our modern internet (as opposed to javascript, Silverlight, Windows Media, etc), the videotape wars of 30 years ago were resolved by the people who make pornography. Innovation quite often comes from the fringes of society.

If that's true (innovation

If that's true (innovation occurs on the fringes of society) then Bitcoin still wins hands down. Online gambling, porn & contraband are certainly markets that Bitcoin has advantages within, and has already made much headway. Silk Road alone is roughly a $3 million dollar a month illicit drug market on TOR, that uses Bitcoin exclusively. And that is only one website that's been around (and known to the feds) for about a year now unhindered, there is no telling just how many actually exist.

No argument

I'm not arguing for or against Bitcoin. I think that the jury is still out on it. My point is simply that the ragged edges of society generally invest with more gusto, so you can't discount anything that draws the attention of the disaffected.

If it's not decentralized, P2P cryptocurrency

If it's not decentralized, P2P cryptocurrency, it's not "similar" to bitcoin.

Yes

And my guess is those big players will be the same crooks in control today.

I think the problem

people here dont see the bigger picture. Sure the market will lead on to Gold and Silver but this is due to its years of demand. Bitcoin is relatively new but is increasing in Demand. The supply is limited and decentralized so if your not jumping on this bus, your going to miss out big time.

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

Speculation, investment... or SUPPORT

I think the act of "jumping on this bus" is better described as SUPPORT!

If you "invest" any money into Bitcoin, the question to ask is:

WHAT THE HECK JUST HAPPENED TO MY HARD EARNED CASH?

I think you have just become a SUPPORTER of the Bitcoin idea. Quite likely you will have transferred your money into the account of someone who is a "miner" of bitcoins, or who WAS a miner and still has a huge load of them.

In my view, most of those people are the early adopters. They were the ones who saw something in this project, and worked and invested their time figuring out how it all works, and maybe even developed apps, and extensions to make it more accessible to everyone else.

So, now, when their bitcoins are worth so much, they can quit their jobs (with your SUPPORT) and devote even more time to developing and building the Bitcoin infrastructure.

I think this is GREAT!

I support this project MORE than I supported Jessie Benton's fat paycheck!

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]

I do Support

Competing currencies.

Also, what makes you think I am acquiring Bitcoin from cash? how do you know im not exchanging a good or service for Bitcoins?

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

if the people have too much

if the people have too much freedom with their money through bitcoin, the govt will just cut off the internet.

Yeah right..

Did you see what happened when they wanted to pass ACTA? Not saying they couldn't but people would freak out and riot if they tried that.

I'm going to Brazil in a couple of months

Some condo rentals in Rio accept Bitcoin, and I'll be using it to pay for my week there.

Dr Paul actually wants competition with money

Bitcoin is competition to the dollar and other currencies is it not? I trust bitcoin more then US dollars. If you started buying bitcoin when it first came about you could be rich right now. The encryption is actually quite genius.

You can even trade bitcoin for silver. This should give some value to bitcoin for you precious metal folks.

http://www.bitsilver.us/

Or for gold..

I was angry at first.

Reading all of the negative posts about Bitcoin I got angry at first. But then I realized I was actually getting angry at myself.

You see I first heard about Bitcoin nearly a year ago and dismissed it. I said all the same things that people that are here are saying.

Well of course I missed out on 600% gains like everyone else who dismissed it. That will teach me to be a know it all.

Just recently I have been researching it thoroughly. I thought I should know a little bit about it before I dismiss it.

Well I was floored. I recognize its a new idea, and new ideas are usually dismissed before they are accepted.

Having immersed myself thoroughly in Bitcoin for a few months. I am excited out of my brain as to what it can do for the R3volution.

Just like the internet solved the problem of a controlled media, so to will Bitcoin solve the problem of fractional reserve banking, fiat currency, and inflation.

I strongly urge people take a look at it. It is the future of the r3volution.

It is a disruptive technology and only the open minded will be willing to take a look. I bet it is the same people who were "late" the liberty will be the same people who are "late" to Bitcoin.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

ecorob's picture

so, please...

put out an informative video of just what the heck it is (for us in the uneducated circles)

i understand it is trading now at 12 bucks a "bitcoin"

this, in itself, scares me

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

I Am actually writing a book.

I am 60 pages deep into a book. (title withheld for now).

I am releasing exclusively for the SuccessCouncil.com paid members to give them a 6 months start as I owe my loyal customers that.

However I hope the book will available around Q213.

In the mean time, I might try and release a few excerts for free on youtube around christmas.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

Actually this is a great article to wet the whistle

http://evoorhees.blogspot.nl/2012/04/bitcoin-libertarian-int...

I did not write it, but it is great.

Enjoy.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.