37 votes

Look at the anarchy springing up around us. It's beautiful.

Dollar Vigilante:


http://youtu.be/au5vVDZOubk

Look at the anarchy springing up around us. It's beautiful.

Who would've thought that the consumate anarcho-capitalist and dollar vigilante, myself, would be on CNBC, Fox Business, CNN (soon to go live) and in the mainstream media worldwide. Of course, the main topic was Bitcoin. But what many don't yet realize is that Bitcoin is the first anarchic virtual currency ever created and will naturally lead us down the road to the peace and prosperity of purely voluntary, unregulated transactions (a.k.a. no state...though you should still have gold and if you have a lot of it, you should have it safely out of the reach of collapsing Western nation-states.)

The state will fight it tooth and nail, but this is the beauty of the Internet and the spontaneous order, as Hayek called it, of the semi-free market. They can't stop it. The genie is out of the bottle. The state is dying and true freedom is rising. It's hard to tell that the state is waning, I know, as it aggresses even further upon its purported subjects in its final death throes (which is why we urge you again to get any sizeable stores of gold to a safe haven). But the signs of beautiful anarchy are all around us.

http://dollarvigilante.com/blog/2013/4/6/the-weekend-vigilan...

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why can't a currency be defined locally... this seems

to be exactly the type of medium for exchange that world government can thrive off of. I'm not going to trust the original encryption anymore than I trust the federal in federal reserve.

Whether you think you can or you can't, you're right. -Henry Ford

Local

Currencies are almost a must. the people will benefit the most from local currencies, but Bitcoin can be used as another tool. One that is not forced upon us with a Monopoly. IF you want to send money or transfer it, this is a great tool to do so, without the government forcing you to use their devalued monopoly currency. So, they go hand in hand. Some will never see Bitcoin, as others will use it on a daily basis. This is the true beauty to crypto currencies.

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

but there is someone I trust it is a DP'er, thanks for the info

i'll keep looking into it in hopes it is not usurious and will remain viable

Whether you think you can or you can't, you're right. -Henry Ford

I wouldn't do it!!! The grid will go down!!!

Then how can anyone track it? Not safe!

He is cute

Yep!

Please. I don't get it

I know math. I know computers. I hardly have a fucking clue about bitcoins. I've googled it. Some of the shit I've found makes as much sense as my old math text books. Please help.

try this infographic

my site helped develop this inforgraphic, which was sponsored by the man in the video Jeff Berwick, that can maybe help inform you on the basics of bitcoin:

http://www.dailypaul.com/280711/infographic-on-bitcoin

if you have any qeustions, feel free to ask. You can also track real-time bitcoin prices on my site https://gold.net/chart/currency/BTCUSD/.

What Happens If The Grid Goes Down

and nobody can access the net or ATM's or whatever? Just asking.

skippy

It depends on your view

The way I see Bitcoin going forward is not as a store of value but as a medium of exchange over great distances.

Right now people are speculating and some people in some countries liek Cyprus and Spain are piling in to protect themselves from who knows what is coming down the pipe.

If in any country the instituted currency controls, then bitcoin, currently is the only way to get your money out other than smuggling it. When you get were you are going, you log on the net and sell your bitcoins for gold and silver.

Some people might see bitcoin as a get rich quick idea and they might actually do it. I see it as a way to move money quickly without having to ask permission.

Chaos

Is such a beautiful law of the natural world. Thank G_d for chaos, it continually thwarts the NWO.

...

The more virtuous a man becomes the more unpredictable he becomes.

-Aristotle

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

LOL "Who do I call if I have

LOL "Who do I call if I have a problem with bit coins?"

Who do I call if I have a problem with my Dollar? Example losing 90% of it's value in a hundred years? The Fed? Obama? Who?

The opportunity to profit from a transformative technology...

Because when the skeptics wise up,
the big money will already be off the table.

Please take the time...

I hope you all research these technologies. I have placed them in what I consider their order of importance:

http://retroshare.sourceforge.net/

http://www.vanheusden.com/pgp.php

http://project-byzantium.org/

https://www.torproject.org/

Bit coins are mostly owned by Libertarians throughout the world.

http://spacedruid.com/2013/02/26/the-demographics-of-bitcoin...

Bitcoin is only the beginning of our attempts in getting rid of our economical slavery.

Work and Study HARD.

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

RetroShare is new to me. This

RetroShare is new to me. This looks like what so many of my clients, and me, wish they had already. Thanks!

As y'all can see...

bitcoins are not even limited to the internet...

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

No one has still

No one has still satisfactorily addressed my question about bitcoins:

What is stopping anyone from creating identical Bitcoin algorithms (let's called them Bitcoin2, Bitcoin3, etc)? Because it is a program, it can be replicated exactly, so you cannot say that those other algorithms are competing currencies. Because each bitcoin is just a series of 1s and 0s, there is an infinite amount of bitcoins that can be created, with nothing of value backing them except the idea that it is "rare" which isn't true, as I have described above.

It already has been replicated

Look up litecoin. Bitcoin has the market right now. It works by everyone in the bitcoin network agreeing that a bitcoin is valid. You can't just create a new bitcoin and introduce it into the market without having more than 50% of everyone in the market agreeing that it's valid.

No one would switch from bitcoin to an exact copy of bitcoin, it would only leave you at a disadvantage since bitcoins are already established.

However litecoin has a different take on things. Go read about it.

I can't believe I'm defending Bitcoin, I'm still worried about a bubble.

Anyway, market choices are good. Take Silver and Gold for example. You might ask, why would anyone use silver when gold exists?

I'm not saying to create more

I'm not saying to create more bitcoins per se, but more bitcoin systems (identical to bitcoin but creates another algorithm that generates 21 more coins).

You are right...

...to worry of a bubble. People are rushing bitcoin without even understanding it.

Then again, Amazon, Western Union, and every online retailer are now possible to transact with through bitcoin.

www.bitpay.com/amazon

http://mobile.blogs.wsj.com/cio/2013/04/01/western-union-eye...

www.bitspend.net

Competing Currencies:

www.coinabul.com

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

Open source software is really

great, and it could even work for voting machines if it were done correctly, but this model seems to begin at the heart of the most unfortunate perversions of the hedge fund fantasies. Algorithms? Maybe that's unfair. What's this model got that von Nothaus didn't have with the Liberty Dollar (excepting the fact that the bullion was confiscated as counterfeit and terrorism)? There was a digital component. Btw, there's a new liberty dollar.

http://www.newlibertydollar.com/

So is this website...

And the entire digital realm in which we spend so much time and many trillions of dollars of transactions are conducted each year. If I order a product on the internet, it's not "real" until it hits my hands, yet I put full faith in the fact that it is and it's going to get to me when I pay for it online.

The only thing that secondary utility gets an asset is a secondary value, which just makes the probability of other human beings considering it to be valuable that much higher.

Bitcoins' strengths are gold's weaknesses, and vice versa. Gold REQUIRES a central depository to facilitate rapid exchanges outside of your immediate geographical region. This is a point of corruptibility and weakness. Bitcoins does not. Bitcoins can be destroyed. Gold cannot. Both are scarce. Both are valued by individual human beings making economic decisions about their own lives, and both are given value voluntarily by those people, not by fiat/decree/legislation.

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.

Bitcoin and Gold

or Gold and Bitcoin.

I'm becoming more convinced everyday that bitcoin is the fiat replacement for the dollar and we all know that there is no physical replacement for gold.

Gold has a physical value and bitcoin has a transferable value.

I'm worried about the run up in price for bitcoin, but someday I believe it will find a stable value in relation to gold (dollar measurements are no good in a dollar inflation).

If not bitcoin some other digital currency. No reason to get rid of your gold, but to pay people at great distances, digital currency is the way to go.

And then the lights went out...

... I don't understand how anyone can trust banking on systems that are dependent on the electrical grid.

=====================================

"The greatest mystery of all is truth." - Me, 2009

Like your bank account?

Like your bank account?

Exactly...

... I keep very little funds in the bank.

=====================================

"The greatest mystery of all is truth." - Me, 2009

The ghostliness of my bank account

is the degradation of a system that once had value, even as the full-faith-and-credit-of-the-united-states. Does bitcoin make no claim to that distinction? If it's a distinction without a difference, where's the advantage? People trust it today?

Any substitute for physical

Any substitute for physical property is always going to be based on trust. Bitcoin will not replace gold or silver, but it has a really good shot at replacing fiat currencies. Why? Because its the same thing without the government induced inflation.

I have not purchased any bitcoins but I can already see that it has great value just for exchanging value over distances.

I see a future where we sell metals for bitcoins and send those bitcoins to retailers in exchange for delivery of goods just the same as we do today using dollars. Dollars are fiat with government guaranteed inflation. If Bitcoin can prove its resilience then it beats dollars and euros and yen hands down.

I think were people go wrong is to think that Bitcoin is or is thought to be a replacement for gold and silver. It never will be, it's a replacement for fiat.

Bump!

Bump!

In the future, we should start our own www.coinabul.com

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

Well that is interesting

Everyone just risks a little bit of their horde of metals in the transactions. We could all be little precious metals bankers trading in digits.