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Thomas Massie: End the Fed, Replace with Bitcoin YAL Highlights.

This is a feel good Video. Tons of Energy from YAL.



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The Dissonance is in VALUING Currency vs. Real Money

If you tend to value things by the human reaction to the natural value added to production from mediums of exchange which STORE wealth //AND// PROVIDE the most LIQUIDITY to market participants then you are valuing Real Money.

Bitcoin does not store wealth but it does provide liquidity to markets because it eases burdens on currency traders from qualitative differences between fiat/currency by government and currency by internet (p2p), the later being less inductive to regulatory climates and more conducive of a freer government/environment.

Fiat by government currency artificially raises quantity of money effecting prices and markets, in contrast bitcoins tend to react specifically to their natural functions as currency which market participants can react to rather than central banks:

Value common assets
Constant utility
Low cost of preservation
Transportability
Divisibility
High market value in relation to volume and weight
Recognisability
Resistance to counterfeiting
(Ease of exchange)/(fungibility)

Bitcoins reflects all these functions, but it is not a store of wealth.

Gold is a store of wealth, it has a functional underlying metal value that holds a separate value from the value of Gold as currency.

This is why Gold failed before Silver as fiat, and it is why The USD will fail before Bitcoin as a fiat.

A true flower can not blossom without sunlight and a true man can not live without love.

What makes bitcoin any better

What makes bitcoin any better than the US dollar? They are both fiat currency backed by nothing of value.

I will stick to gold and silver.

who's the 2 guys on the left?

.

Oh Snap!

What is the solution? How do we fix the economic issue in this country? (Thomas Massie says what?)

These guys are incredible.

These guys are incredible. When do you ever see Congressman so open and natural and amazing? Perfect video.

Check out http://ronpaulforums.com for activism and news.

It was so refreshing to watch

To see representatives just having a good time, Laughing it up like a bunch of Kids on a playground.. Awesome.

Agreed!

Looks like they all had a great time!

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

Bookmarking for later viewing

...after work.
:)

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