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Chris Duane's attack on Bitcoins And his Silver Shield CULT

Let's examine the recent propoganda campaign put out by Chris Duane against Bitcoins

We have a guy, a Mr. Chris Duane from The Silver Shield, Who has developed a Cult. Think of them like his herd which he shepherds. Well some members of his herd have come to see that one of the objectives of the herd and one of the fundemental principles behind the cult can be achieved by using Bitcoins. That principle being walking away from an evil system built on Debt and Death. Some members are starting to see that using Bitcoins instead of dollars actually bypasses the Federal Reserve system, It actually diminishes the power of central banks and works to end the debt and death power structure.

See, The members who realize this have come to understand that they can still hold on their ideas about Gold and Silver but fundamentally what eventually needs to happen is for them to stop using dollars. Some have seen the value in Bitcoins because this is a great way to do this. However, The shepherd does not like this, it is a big NO NO for Chris. He can't have his Cult thinking such things. See, he profits dearly from his herd. He sells them his Medallions and shirts and posters and so forth raking in profits for him. If His herd start buying some Bitcoins instead of some of his Medallions well, there goes some of his profit. So Chris reverts to elitist propoganda tactics by putting out a fear mongering baseless propaganda campaign against his competition, Bitcoins. Never mind that ultimately Bitcoins works toto undermine the power the elitist posses. One which he rallied against and built his brand on that opposition. Nevermind that it is in step with his fundamental principles of walking away from an evil system... What's important to Chris is that his herd not stray to far. So it was time to keep his herd in check and assure he can continue to Milk them for whatever they got.

Don't be a sheep People. Don't be part of some collective herd following your Shepherd and all he says. Come out from the Cult like trance that you people have been put into and think for your selves.

Do you support the evil FIAT dollar system or do you want to work to end it? Do you support Liberty or do you support the Tyrants that look to undermine our freedom? It comes down to that simple Question. No one is saying to not buy Gold and Silver. No one is saying that Bitcoins is the end all be all. What people are trying to tell you is that if you really want to walk away from the system, if you really want to strike a blow to the bankers, STOP USING DOLLARS! If you want to use Gold, silver, peanuts, shells, or Bitcoins that's up to you but for Liberty sake stop using Freaking Dollars.

In my opinion Bitcoins is definitely a great way to transact and a viable currency. Maybe you don't share this opinion and thats fine but don't get on your soap Box and start out right lying and knocking people who are actually working to end the Fed by using some alternative currency while your sorry butt is over there making love to Ben Bernanke and his FRN's. Stop being that Hypocrite bastard.


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I think Chris is Great....

Although I do disagree with him on Bitcoin.

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

Bit-con? Silver Fraud?

I like reading his website, at least the articles that have something to do with liberty as opposed to the "buy silver...buy silver...buy silver." I have actually commented and questioned the ethics and/or conflict of interest only to get somewhat attacked. But to be honest, I'm not in favor for or against bitcoin or silver medallions and the other little trinkets.

Personally I believe he is a supporter in liberty and peace - and for that I ignore the silver medallion silliness when I'm on his website. My suggestion has been to spend money on actual physical items that have value via use such as firearms, ammunition, generators, land, farming equipment and etc.

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Look man...

I'm not saying I either completely support or reject Bitcoin....but to call his stance on BC "propaganda" simply because he doesn't agree with you....is so dogmatic as to be altruistic.

We believe in FREE markets, and what makes a free market? Varying opinions.

This opinion isn't one you share, but is a valuable part of the "price discovery mechanism" both on Bitcoins, but more importantly....on the very value of ideas in general.

Yes, disagree with him, but he's not a part of any government....so to call his disagreement and argument 'propaganda' is intellectually dishonest.

I agree we should stop using dollars, but to suggest that BC is the only effective way we can do that does not comport with Ron Paul's and Hayek's great idea of "Competitive currencies". I respect that BC is the right alternative for you....for me, it's silver. I'd be neat to have the same respect shown in return.

I agree with you.

.. but there is misinformation from this silver dude on the topic of bit coins.

I also agree with you about silver.

Competing currencies baby!!!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Reddit's Julian702:

"I don't think that we will ever be without Internet again. And if we get to the point that governments shut it (the internet) down because of our freedom, then they are going to have quite a battle on their hands. Are you going to sit idly by and let that happen? Or are you going to do something about it? One of the things I love about bitcoin is its non-violent nature. I dont need to take up arms against a tyranical government, I can just simply choose not to fund it and it will die of natural causes."

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees


"Why is "Tangible" so important to us? Because it is easy to demonstrate posession and we have enough faith in physics to know that thing which we hold is somewhat scarce and can't be duplicated. And theft of a tangible item comes with risk of violence or criminal civil action.

Bitcoin, while intangible, still maintains these properties except the feely part. You can exercise your control over bitcoins by hiding them or giving them a way. They cannot be duplicated in any meaningful way (double spent). Cryptography and secure computing protect from theft. And given sufficient evidence in a court of law, the theft of bitcoins could result in a conviction or at least civil action.

"Intangible" isn't a problem if you understand that privacy (ability to keep a secret) and the cryptography behind Bitcoin offer just as much security, if not more, than a tangible valuable item."

-Reddit's Julian702

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

I got it... first video:

1. The intrinsic value of bit coins is not dependent in its purchasing power. Its intrinsic value lies in its anonymity, open source cryptology, scarcity, and ease to use.

2. The pricing of them is obvious: Unlike his example of a vegetable you cannot store your wealth in vegetables or chickens: there is no uniformity in vegetables in these items, there is no uniform divisibility of them (..poor chickens lol..) And on top of that Bitcoin are as good as gold in storing your wealth for the long haul (veggies and chickens will rot over time).

Also, supply and demand- actually bitcoins works great because it has the ability to work as cash (for human spontaneous purchases): like the bitcoin ATM, Credit Card, the fact that you can buy from any online retailer.

3. OMG... he argues that the use of government force is a good indicator of a good currency... What happened to Free-Market??? He says that fiat $ is better because it has the law on its side... :/
... im sorry buddy I believe in voluntary exchange.

4. Actually the intangibility of bit coin is part of its intrinsic value.. He goes on to compare himself and his psychic abilities as an analogy of a scarce good. I think he misunderstands the difference between bartering and currency. (Again one of the reasons we have cash is for spontaneous purchases) you cannot do this under a system of barter which is what he is comparing bitcoins to. He only does this in an attempt to make put the gold standard at odds with bits.. Gold needs a note, which we call cash, in order to be able to partake in sponteneus purchases. I wish (in an ideal world) we could just walk around with gold and silver coins in our pockets but that is not the case right now and hasn't been for sometime.

5. regarding mining he has no idea what he is talking about.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

first video link


"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

second video...


I agree with him that one of the properties of gold is that it is a safe storage of value because of its durability.

Bitcoins are also safe because of their durability: unlike fruit, gold and bitcoins will never rot.

He talks about the future value of gold; yeah he is right gold has stood the test of time and we should all invest in gold. (no one should put all their money into bitcoins).

Some people have come to understand the gold standard not explicitly about gold in itself but about competing currencies. And that is what I believe in and I think Silver, and even Bits have a place in such competition.

OMG... He goes on to talk about taxes... and why taxes are a good reason to stay away from bit coins... I stop the video There I am done with this guy...

look bit instant was hacked over the weekend. hackers took 12k in bitcoins.. (like the price of a car).. IT was bit instants fault; they should of doubled encrypted their site. They learned from their lesson.

This is not bad: Its called demand! They hacked into this new company because it was worth hacking.

If you want to get into bitcoins the best thing you can do is educate yourself on the subject: knowledge is power.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

You got Chris Wrong

First of all some of the accusations are false.
1.) His motto is listen to all and follow none. This voids every "Sheep" or "herd" comments you have made.

2.) He does not say Silver alone will save anyone. He actually says if you do not have at least 3 months of food and water per person, you are screwed. You cannot eat silver. So, silver does not "save" people from evil. You are putting words in his mouth.

3.) He makes profits from his followers. He has only been minting coins for 4 months. HE IS NOT SELLING HIS SILVER. His is just putting his money where his mouth is. That is a smart business move, but he has demonstrated how he grew his own worth SEVERAL times its original worth through Silver. That's what Peter Schiff did, and no one is calling is following a cult.

4.) Cult and Propaganda are politicaly charged terms and have very little meaning except expressing your opinion is negative of his work.

5.) If you think bitcoin is awesome, then that is your right to do so. I support competing currencies and so does Chris Duane. So do most Libertarians. Chris is warning people of the warning signs of a scam he sees.

6.) You have probably never heard of the Sons of Liberty Academy that breaks down EVERYTHING that is going on with the banking cartel and how we got here WITHOUT FEAR MONGERING. He has woken so many people up without freaking them completely out (like Alex Jones) and has become a valuable asset to the Liberty Movement.

7.) Ron Paul endorses Gold and Silver, not digital #s based on a hashtag that can be recreated and counterfeited (just like the dollar).

8.) Chris is sending out a warning. Stop with all the hatin...

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

"He makes profits from his followers." - BINGO

"He makes profits from his followers." And here is the issue - he makes money - a profit - from those that follow him. That is an ethical issue for me, although he obviously has every right as an individual to make money from people who follow him. The church does it, why not him.

But like I said earlier, I like his article about liberty; I just choose to ignore the constant silver silliness.

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

He is putting his money where his mouth is

You have a problem with capitalism?
Rand Paul profits from his followers. Peter Schiff, Ron Paul, as well as Alex Jones.
They are smart enough to tap into the market, that does not make them all cult leaders. Your logic is flawed.

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

What are gold, silver and

What are gold, silver and Bitcoin? Currency competition. Something for which Ron Paul has explicitly stated he is in favor.

I really dont understand...

I thought libertarians were intellectuals. Here they are railing against a currency that competes against the dollar. Shouldn't you welcome that competition. I mean some people like Chris Duane hate bitcoins so much they will make a 30 minute propoganda film filled with speculation and lies. If you dont want to use Bitcoins, great dont... But why do you so vehemently want to try to discourage others who do. There is obvious value in its utility and it bypasses the Federal Reserve system. Whats the problem Bitcoin haters? Why so emotional?

I don't know how someone

I don't know how someone could claim to be a Libertarian and not be encouraged by the rise of dollar alternatives.

Remember the LOVE in R3VOLUTION

That's why we are here bro.

Some of us have for some reason or another come to bitcoins first.

Honestly the Libertarians I know and People in the Liberty Movement if they don't know about it they're at least asking questions.

I know high-end people in the Libertarian Party that have simply been too busy to learn. But they are dying to know... They keep asking me to set up a symposium to teach at the local community.

Yeah man there will always be people misinforming people. That's why we are here. And I am glad you are here.

I honestly think that the answer to your question has to do with the fact that people in the movement are not only very intelligent, but very hard working. To learn about Open-Source cryptology, and everything else that surrounds Bitcoins is time consuming. And when you think you got it figured out then you realize you have to learn more about wallet security, software options, and so forth...

People will come along.

Patience and LOV3 Bro.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

I've said it before, and I'll say it again...


Ok so what?

You dont, I do...

Whats the problem?

Do you have a problem with me using Bitcoins?

Silver/gold and Bitcoin can

Silver/gold and Bitcoin can live in harmony. I think anyone putting all their savings in Bitcoin is foolish, but buying a few and participating in this isn't a bad idea. I'm going to buy one or maybe two and hold onto them. If it goes nowhere I'm out 50$, nothing serious.

I think if it gets really big I'd use it like cash, and silver as a "bank" for savings. Then I could transition easy if/when the dollar dies. A post-bank world where you just have Bitcoins encrypted on your home computer/flash drive/phone and silver/gold savings hidden safe would be cool.

edit: and of course always carry a couple silver quarters/dimes for emergencies where an internet connection isn't possible, for whatever reason. And if something really bad happened and electricity wasn't possible for weeks I'd still have my savings and food/water and stuff.

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz


Us Libertarians, because of our nature, are the first to come to this knowledge.


Take your time learning very well how bitcoins work and how you will buy them. I can teach you.

The BEST investment anyone can do that wants buy bitcoins is to start learning about them avidly.

Hopefully they come back down so we all can buy some more. And by then you will know more. Remember KNOWLEDGE IS POWER.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

I'm home now and decided to

I'm home now and decided to go for it and buy some Bitcoin. Jesus, how am I supposed to buy these things? Its impossible. If these are supposed to take off, there needs to be a way better way to get into it. I'm having to do a bank transfer, and then transfer that to Mt. Gox, then have it turned into Bitcoin, and then they send it to my wallet (and wallet programs need vast improvements), and then I can spend it? Why would the average person do any of this? This is WAY too inaccessable.

edit: also I just watched this video, and if someone could refute him I'd be appreciative.


edit: and the followup videos if you feel like watching them. He's convincing.

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz

Its coool bro... calm down...

Look man I'm going to give you a rundown of all of the most important sites:

Here is a good rundown to start comprehending and using Bit Coins.

The Following 2 are great introductions:

This is a great forum:


This is a great pod cast:












The software options:







Okay man... the software options are the most important thing to get you started.

I recommend that ALL newbies don't use Bitcoin.org or bitcoinarmory.com:

multibit, strongcoin, electrum, and block chain are excellent for newbies. Read the services that each of them offer and choose one.

Set up a Free account Set up a Free Wallet AND DONT FORGET YOUR PASSWORD.

now depending on the one you choose, if you have any questions hit me up... (you're on your way to becoming and anonymous millionare)...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees


Don't use Mt Gox..

No one really liked Mt Gox because they ask to confirm your identity.

Look man, just set up a wallet at any of the places I just told you and then buy them anonymously.

I like www.localbitcoins.com you can literally buy some from your neighbor in person.

If you do not trust buying in person from an anonymous stranger buy them from www.bitinstant.com You can literally buy them at CVS Walgreens Walmart.. they will check your identity but not problem man you can them transfer them to another wallet (a second wallet) and Puff! anonymous.

Don't use Mt Gox or coinlab.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

To quote Mr. Spock...

"Fascinating"! I had no idea there were so many options already. Even available through CVS... Just amazing. All of this recent flight from the dollar is evidence that people are not stupid and will act in their self-interest when presented with alternatives that make sense.

I get your point

I guess you have to be visionary to see the trend going on. This is only the beginning.. Government forces are indeed trying to make it difficult to acquire Bitcoins but the free market is demanding such a currency. Expect exchanges and such opening up, expect more merchants to accept Bitcoins, watch when this thing hits critical mass.. and remember this moment when your were so short sighted.

Acquiring Bitcoins is real easy though. Just moneyGram to Bitinstant, send to MT.Gox, Buy your Bitcoins. Can be done in less than an Hour...

It's been 2 months and I still havent recieved my Medallions from Chris

This Article Came Out Today


"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Try using Coinbase.com or

Try using Coinbase.com or Bitfloor.com

Coinbase there is a delay of a few days before they arrive... Bitfloor you can make a deposit at any bank of america and have them in your account.

Coinbase super easy but delay time. Bitfloor fast funding, but the exchange isn't very liquid from what I hear. I use coinbase.

I'm just very concerned

when prices for anything rise this rapidly. A correction is sure to follow. I love Bitcoins and the idea of Bitcoin but I'm sure a correction in price is coming soon the price rose almost 4 fold in two months. Personally I just don't think now is the time to get into them. Now would be a great time to get into gold and silver though both have been falling for the past few months and a correction in the other direction is sure to come.

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    love these old predictions.

    what was silver priced at around $30? and now $19
    and bitcoin was under $100 and now $960

    glad i sold a bunch of silver back in jan-feb 2013 at around $35 and bought btc at under $30.

    Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
    Rand Paul 2016

    I share your opinion.

    ... but at the same time... I would secure some if you can.

    "We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees