Bit Coins Can End Banksters Currency Monopoly!Submitted by hawkiye on Fri, 12/14/2012 - 01:25
Posted this in another thread but thought it deserved its own thread because I had an epiphany here...
"Under European laws, the deal means Bitcoin-Central becomes a Payment Services Provider (PSP) that has an International Bank ID number. This puts it on an equal footing with other payment networks such as PayPal and WorldPay. As a PSP it will be able to issue debit cards, carry out real-time transfers to other banks and accept transfers into its own coffers."
In the other thread some of the proponents of Bit Coin have convinced me to start accumulating Bit Coins. I researched them when they first came out and liked the concept however being in the computer/network business was skeptical that they could not be hacked.
I am still skeptical especially with government super computers but lets face it we are heading for electronic currency anyway and these are decentralized untraceable and nontaxable that is better then the dollar.
There biggest vulnerability seems to be if we had a sustained power black out. So why not continue to invest in gold and silver to hedge against that but in the mean time lets move the economy to Bit Coins and make the dollar crash irrelevant? We now have the power to do it with bit coins so lets do it?
My idea is to promote bit-coins in your local area as a local alternative currency like Ithaca hours or Berk Shares etc. Why not promote bit coins the same way? Get local stores and merchants to except them and screw the dollar it is nothing but a wealth killer for the middle class to steal the wealth and funnel it to the banksters?
A few people in most major cities and towns could change the country doing this? I think the guys who started Ithaca hours wrote a book on how they did it may be worth reading? They had to print a currency though, with bit coins the currency is ready made just start an exchange or what ever it takes?
We sit here and listen to people bitch and moan about the goddamn republican party and try to work with all that corruption. Here is something we can do right now and take matters into our own hands and cut the banksters out of the deal! You don't need a bank to store bitcoins for you! If paypal and world pay gets in on the act it's over we will have a new free world currency untraceable nontaxable etc. of course with bitcoin who needs paypal? We won't need all their banking networks to transfer money just a computer and a thumb drive to plug it into. Shit this is bigger then I thought??? Jeeze we can cut the banks out of this whole thing if Bit coin catches on.
Of course morons will still use the banking networks because that is what they are used to doing and programmed to do. That is why theses banks are jumping on the band wagon now before we cut them out completely. All you need is a computer for bit-coins. We need to strike while the iron is hot here...
What are we waiting for. Fuck these assholes and their currency monopoly lets take it from them we have the tools now lets do it. Damn people this is big really big. We have an opportunity here time to study up on Bit coins and how to accumulate them and use them and promote them as your local currency. Death to the dollar and all fiat currencies!