10 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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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.


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.

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.

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

Actually this is a great article to wet the whistle


I did not write it, but it is great.


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

Because, as the constitution says:

"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." --Constitution of the United States, Article I, Section 10

If BitCoin was backed, 1:1, by gold and silver, that would be fine. Unfortunately, BitCoin is a digital currency whose value is not GROUNDED in precious metals, but in digital logic. Having studied a bit about computer systems, I can tell you with confidence: digital logic is an idea. Ideas can be duplicated, can be created infinitely, and can be introduced into the physical realm 'out of thin air'. It cannot exist, uniquely and finitely, in the tangible physical realm in the same sense that gold and silver are mined and refined as precious, finite metals.

And thus BitCoin is akin to fiat currency, which is backed by an idea, can never be truly unique, is infinite and is created out of thin air. Although it might be perfect as an internet-only currency.

I believe in the freedom to be what we choose to be.

No one is suggesting....

we go to government and beg like a slave, please, oh please master make Bitcoin the currency you permit me to use.

We are suggesting that when a long train of abuses and usurpation's... evince a design to reduce a people under abolute despotism through debt and a fiat currency... it is their right... it is their duty to through off such guard, and erect a new currency for their future security and prosperity.

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

Then you haven't studied

Then you haven't studied enough apparently. There are ways to prevent an idea of being duplicated. Yes, even digitally. BC is the prime example of this, since it has special algorithms preventing this from happening. Of course, these can be hacked, but it would take the power of a government to do it and money to build a super computer vastly more powerful than current supercomputers (more than 100 times). They would never be able to hide such an attempt and I would even welcome such an attempt, cause it would damage their own cause if they did so.

Besides, was it the characteristic of being created from thin air that allowed fiat currencies to fail? No, it was the ability to DUPLICATE the currency without limits. BC does not have this problem.

I first heard about bitcoin

I first heard about bitcoin here. The idea of a new alternative currency that is controlled by the people interested me. How people on this forum could turn their backs on this is beyond me. This could be part of the answer! Even if Bitcoin fails, at least people are thinking about new ways of releasing us from slavery. Any currency only has value, if we give it value, including silver and gold. No one is saying sell all your precious metals and buy bitcoins. I have a good stack of silver myself, but I am doing whatever I can to promote Bitcoin. I started mining coins a week or so ago and today I found Block 210000! That wont mean anything to those of you that dont follow bitcoins, but I was pretty excited.



No one is saying you should sell your gold and silver and hold only Bitcoin, I DON'T EITHER. Hell even the lead developer will tell you Bitcoin is an experiment and to not put any more money into it than you're willing to lose.

But at least be rational about it, allow those of us who have the technological know-how to teach you why even though we are smart libertarians-anarchocapitalist Austrian economists owning gold and silver, why we still trust it and use it.

And then, just give it a chance.. Need to buy a book online, don't use your credit card, buy some bitcoins and spend them here: http://www.bitcoinin.com/ Need to buy a new computer, or computer hardware, don't use your credit card, buy bitcoins and spend them here: http://www.bitcoinstore.com/ Need to buy some precious metals, buy some bitcoins and spend them here: http://www.coinabul.com/ Need to send your friend some money, don't use paypal, buy some bitcoins and send those! Start taking advantage of the inherent user defined privacy that Bitcoin offers when paying for event tickets - libertopia sold tickets for bitcoins.. and stop supporting the tumor that is the central banking system.

You don't need to own a significant amount of bitcoins for doing all of this, you don't need to even own any, an account on an exchange and some money in it is enough to allow you to quickly buy some when you need to make a payment.

But please, stop with the almost cultish attacks against something that you simply must admit at least has the potential to do a lot of good for you. Give it a try, then make up your mind.

Because it's just another fiat currency with a fancy


Even worse than other fiat currencies, it is ENTIRELY FICTIONAL.

There is nothing REAL about it.

And thus, people don't trust it, or want it.

If it was so awesome, it would have taken over the entire world by now.

Sorry, Gold and Silver aren't going anywhere. Bitcoin is just another blip on the radar of the fiat currency wars.

"fiat currency".... i don't

"fiat currency".... i don't think it means what you think it means.

"fiat" means "let it be done" or "by decree." That decree can

be made by anyone, not necessarily government. It is thus the character of being something because someone declared it so, not because of its nature.

Gold and Silver are money because of their physical nature.

BitCoins and FRNs are because someone said so.

Just another fiat currency?!

This is a typical mistake from someone who lacks the technological knowledge to be able to completely understand that Bitcoin is anything but "just another" anything!

Bitcoin is first of it's kind. There never was such a thing as Bitcoin in the entire human history, and I can understand if you think this is silly but you also have to admit you aren't an expert in this area, you don't understand it's code, how it functions, why it works so good and why I, a gold bug and Austrian economist trust it with about 10% of my savings..

Maybe you can learn enough watching these videos to gain at least a little bit of the needed understanding: http://www.youtube.com/user/bitcoincurve

Lipstick on a pig.

Even worse than FRNs.

At least FRNs can be used for kindling or rags, and even TP in a pinch.

BitCoins are entirely fictitious.

BitCoins are an attempt to facilitate transactions without money. Thus their use will be very limited to only special cases and few people. It's certainly a good mental exercise to attempt to solve the Coincidence of Wants problem with barter, but it isn't practical because it doesn't really facilitate a transaction due to the fact that it doesn't allow for a situation where both parties in an exchange will think they will benefit.

You can manage to make some fake transactions for a time with an imaginary currency or transaction accounting system. But you can't maintain it forever, or on a large scale.

In the real world. BitCoin fails, precisely because it isn't real.

The real reason that Bitcoin isn't popular here....

...is that the DailyPaul is a website about Ron Paul & liberty. I'm a major contributer to the bitcointalk forums, but this really isn't the place to be preaching the bitcoin gospel.

I disagree

People preach and discuss gold and silver here all the time. That's because these have always been recognized as a friend to liberty, as they are not controlled, can't be counterfeited, provide some level of anonymous use, and compete against fiat currencies.

The exact same can be said of Bitcoin. To understand it is to understand it actually threatens monopoly fiat currencies more than precious metals, which can be confiscated/effectively banned from use, can.

The real reason it's downvoted is people don't understand it. If they simply didn't want to buy it, that would be one thing, but people are aggressively against it. Why could that be? I believe it's plain and simply lack of understanding, which hopefully will change with time.

Actually, gold can now be

Actually, gold can now be counterfitted, to an extent. I have silver coins & bitcoins myself. When I started buying bitcoins, their trade value was so low that I bought an amount that would have bought me four or five silver ounces at the time. That same number of bitcoins would now buy me well over 200 ounces of silver.

Silver & gold have a long history. Bitcoin does not. Give it time, brother. Bitcoin doesn't really need your help. Word will spread as it needs to. Don't let the opinions of detractors stress you out.

Yeah, I know what you mean...

I am in a slightly different boat than most... I learned about Bitcoin right here on the DailPaul... I feel a little endebted to the folks here.

I am SO GRATEFUL! I am not so much preaching, I just want to let people know what I know, and then they can make a decision about the information they find. Just as I did!


Would you still call this, "preaching" ?

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

"...in line with Ron Paul's

"...in line with Ron Paul's competing currency ideas."

You are exactly right, but Ron Paul never said that any particular competing currency would succeed. In fact that is the point of competing currencies, the good ones succeed, the bad ones disappear in time. You might want to consider this success/failure idea before putting all those FRN's into Bitcoin, it just might be that earlier is more popular than the later. Likely someone who does not want FRN's would prefer something tangible to something virtual.

"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

didn't Bitcoin get hacked

didn't Bitcoin get hacked recently for like $250K?

There's your answer.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

If you're asking, then it's

If you're asking, then it's not an argument. No, bitcoin was never hacked; and cannot be in any practical sense. It's a triple-accounting LETS as applied to the whole Internet. It's possible, although remote, that it could be damaged with a brute force attack; but then only temporarily and it would still require at least a sustained 300+ PetaFLOPS of coordinated computing power. The top 10 (not-classified) supercomputers on Earth couldn't come close to doing this if they all worked together.


A website bitfloor.com having a brainfart when it came to their security was.

Bitcoin the protocol has never been hacked and today it's virtually impossible to be hacked. What does happen is users who don't properly secure their private keys get hacked, but that's the same as someone leaving their safe unlocked and open and having their money stolen - the safe didn't fail, they did.

sorry I was so far off, a

sorry I was so far off, a bitcoin exchange....excuse me.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

What do you do if you do not

What do you do if you do not have internet access or electricity? What would a business owner store it in, Excel Spreadsheet? If you erase the system record of a transaction that BitCoin money is gone into thin air.
Yeah it is a competing currency but it is also not tangible or something that can be held and stored. I guess the bright side is no one can hold you up in an alley and steal it from you...

But I guess I'm just stuck in cognitive dissonance and ignorance like those people on the forum say.

Southern Agrarian

Yes, you are!

Read your other replies... sorry, I have nothing much to say, except that you are funny... the same way that people making fun of Dr. Paul are "funny".

haha... sorry if my laughter is subdued.

Oh the misrepresentation was THE BEST! ha.ha.

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