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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Because most libertarians are still thinking inside the box.

I too, was hung up on gold and silver after having listened to Ron Paul and Peter Schiff ten thousand times. It took me two years before I was willing to give Bitcoin a chance.

I dare to say that libertarians actually have a HARDER time wrapping their heads around Bitcoin than the average person. Which is really sad, because libertarians are usually head and shoulders more intelligent than most people.

Bitcoin is counter-intuituve for libertarians. But I have definitely noticed an uptick in the number of libertarians using Bitcoin. So, we're getting there, slowly but surely.

Bitcoin is great but...

The security of its value is based on how it is created, which is essentially an encryption algorithm. That algorithm is pretty much unbreakable now. That does not mean that this will always be true.

Bitcoin is not fiat money. It is not issued by a central bank and I don't know of any government that has recognized it as legal tender. Its "print" rate is fixed by the mathmatical algorithm from which it is generated.

Stick with gold and silver, something you can hold in your hand.

I am confused, you seem to list it's good qualities...and

and then you say "forget about it" (?)

Not issued by a central bank: GREAT!
Not legal tender: GREAT!
"print" rate is fixed: GREAT!
It is mathematical, thus TRANSPARENT: GREAT!

These are mostly things you could say about gold and silver... why are you so scared about Bitcoin... i just don't get it.

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

ecorob's picture

its a distraction...

when the dollar fails, bitcoin also fails!

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

Yes, it is a distractioin,a GREAT DISTRACTION...to the FED et al

If the dollar fails, Bitcoin will not fail. I am really sure about that!

The Dollar is just one currency, bitcoin is exchangeable to a whole bunch of currencies

http://bitcoinwatch.com/

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

Please explain your reasoning...

How does bitcoin fail when the dollar does? The only relationship that bitcoin has with the dollar is that it could currently be exchanged with dollars. If everyone on DailyPaul embraced Bitcoin, we would be weakening the financial establishment's stranglehold that we are currently railing against. Maybe y'all think sign waving rally's will bring an end to this corrupt system, or how about mailer's?

ecorob's picture

if the dollar fails...

i'm NOT just talking about the dollar failing

i'm talking about the grid failing, the supermarkets being emptied, and no gas to drive your car, if you had anywhere to go!

bitcoin?

what the heck will that do, then? nothing!

people will revitalize the dollar before they would accept bitcoin...

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

I don't agree

It is a bit of a HUGE unknowable as to what will happen during total failure of everything... but I would not like to be a target to any roving bandits looking for gold/silver.

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

we're ok with competing

we're ok with competing currencies but that doesnt mean we like all them. Bitcoin is fiat currency really, we are against that.

Bitcoin is NOT fiat

There is a lot of information "out there" about how and why bitcoin is not fiat. Here is a good short explanation:

“Bitcoin is ‘regulated’ by its peers and mathematics. And Bitcoin is not a currency like fiat money. It is a value transfer system which is given value only by its users. So the ECB, FED, etc. have no mandate to control a ‘virtual currency’ just because they call it (bitcoin) that! It will just go underground. Bitcoin is like Light and Air. Free to use and transfer. Owned and issued by the people and NOT the State!”

Source:
http://www.forbes.com/sites/jonmatonis/2012/11/03/ecb-roots-...

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

Who controls it is irrelevant to its NATURE.

WHAT is it?

That tells you if it is fiat or not.

Is it a commodity? No.

Then it is by "decree." It is purely fictional and abstract. Therefore, it is "fiat."

I find BITCOIN intriguing.

Having no experience with it and no knowing anyone who has, I really don't know if it works or how it works. The thing I find attractive is the idea I can carry my BITCOIN account on a thumb drive and carry as much cash as I have across international borders in the form of BITCOIN and the border security will not confiscate it like they would cash or precious metals.
It will definitely be a useful tool if ever I have to flee with my family.

[F]orce can only settle questions of power, not of right. - Clyde N. Wilson

Search Bitcoin

You can learn a lot about Bitcoin right here on DP but there is also a lot of info on the net.

There are videos and professional writers dealing with the ideas behind it.. or you can start here:

https://bitcointalk.org/index.php?topic=7269.0

or if you like Max Keiser, watch this:

https://www.youtube.com/watch?v=kEHIOi8iXqE

or watch this video on the AMAZING FUTURE POTENTIAL OF BITCOIN

https://www.youtube.com/watch?v=mD4L7xDNCmA&feature=channel&...

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