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Ron Paul On Bitcoin: I Do Not Think it Fits the Definition of Money 2014 (video)

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If Bitcoin was not, "money,"

If Bitcoin was not, "money," people would not be buying and selling it, and using it to make purchases.

"Money," is used as a form of trade. A used lawnmower is not money, but I can sell it to my neighbor if he wants to buy it.

Whether it (money) is a used lawnmower, or a finger nail from Elvis, somebody is always going to find it valuable - even if it's not.

"Money," is in the eye of the beholder.

I see Bitcoin as just another form of trade. Some people think it's valuable, some don't.

Sounds like the dollar to me. Some think it's valuable, some don't.

To each their own. Let the market decide.

Never be afraid to ask simple questions.

Ron Paul talking about bitcoin tonight on CNN

Lets see what he has to say.
https://www.facebook.com/ronpaul/posts/10152852720056686

Ron Paul brought me here.

Those who are in favor

of bitcon, I mean bitcoin, will be enslaved to the grid and those who control it. Eventually rfid will be the norm, technology will advance and bio-id will be the mechanism in which you will transact.

It may be a 'coin-toss' to what may be inevitable. I still like pockets in my clothes :-)

"What if the American people learn the truth" - Ron Paul

Bitcoin is NOT money

It's a competing currency.

Go back and study Econ 1o1 again. The only ignorance I see, is the lack of information and outright insults from the post below me...

Anti Bitcoin Crowd sure

Holds on to whatever ignorance they can.

Ron has since rescinded his comments

And said that bitcoin could very well be the end of the dollar.

misleading post

Séamusín

No he did not

You are the one who is misquoting

You are right. He said:

"it will go down in history as the destroyer of the dollar"

:)

http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/

Séamusín

wrong

I realize CNN stated that. But watch the youtube video.

Could you please post the link?

I'm having trouble finding it.

Preciate it!

Séamusín

FOUND IT!

Mad props to EduardoRP for providing it. And thanks to troy for straightening me out!!!!

http://www.youtube.com/#/watch?v=E6Cr_ipD13o

Séamusín

How did I miss the New Year's

How did I miss the New Year's Eve 2014 celebration?

Ron Paul Called it BitCON @0.41

Ron Paul is for bitcoin because it is anti fed but he is not for it as money.
He is not against people wanting it to be money, he would just not chose it himself.

That is essentially my view too.

Please subscribe to smaulgld.com

He went deeper

Paraphrasing: "If you don't have a computer what good is it?"

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

this is a old repost, right?

i'm also not sure btc is money per say as i've heard more people refer to it as currency and china now says it's a commodity like gold and silver.

since that interview dr paul has looked more into bitcoin and come to a much more informed conclusion....

Ron Paul: Bitcoin could 'destroy the dollar'
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.
http://www.dailypaul.com/306906/cnn-ron-paul-bitcoin-could-d...

Ron Paul on Stossel: ‘Bitcoin Offers Competition’ Against the Fed
Though Dr. Paul once expressed skepticism about bitcoin, he seems to be warming up to it as an alternative to the Fed, considering his statements on John Stossel's Fox Business show last night, “Hayek had suggested that maybe the best transition would be just to legalize [currency] competition… maybe bitcoin offers competition.”
http://www.dailypaul.com/303543/ron-paul-on-stossel-bitcoin-...

Ron Paul ‘I think it’s Fantastic’ CryptoCurrency, Bitcoin, Commodity Banking, Precious Metals Barter
http://www.dailypaul.com/284962/ron-paul-i-think-it-s-fantas...

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
#standwithrand

From April 23