They have value because they can't be inflated by governments and purchases can't be traced by governments. They get around government roadblocks that prevent people in other countries from wiring money outward.
They have value because they can't be inflated by governments and purchases can't be traced by governments. They get around government roadblocks that prevent people in other countries from wiring money outward.
As long as there is a buyer and seller, bitcoins will always have some type of value.There is a limited number of bitcoins, like there is a limited amount of gold and silver (until space mining is profitable). There is not a limited amount of US dollars.
I welcome this ATM. Looks about the easiest way yet to buy bitcoins.
Rand Paul 2016
neither can a random scribble by a two year old, if you require it be of that two year old. But why would anyone want it? Give you something for it?Originally Posted by Paladin69
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
“To avoid criticism say nothing, do nothing, be nothing.” ― Aristotle
Bitcoins also have value because it pisses off the bankers. That's value in of itself imo.
The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.
sure, as long as people will accept them there will be a market. But twenty years from now, what assurance do you have now that people will want them at all? That is where intrinsic value comes in.
However, I was just asking some stuff I wondered about that kept me from being interested, to see if there was an easy answer, and there doesn't seem to be. I have no problem with people using whatever they want to for money if they can find someone to accept it.
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
“To avoid criticism say nothing, do nothing, be nothing.” ― Aristotle
Gold has very little intrinsic value, either. For all intents and purposes it has none.
The reason gold has excelled as a currency throughout history, is because it is:
1) durable
2) portable
3) divisible
4) scarce
For thousands of years it has been this way, because gold best meets all of that criteria, and to this day we have not found a better currency for physical trade.
The problem lies however, with #2. Portable. With the invention of the internet, gold is no longer as portable as it needs to be.
There is a proven market need for a strong currency that can be used over the internet, which gold can not fill. That's where bitcoins come in.
While bitcoins do not have the same time-tested history as gold does, bitcoins does fit all 4 of that criteria.
It loses a few points on durability, because it is only durable as long as the internet continues to exist, but otherwise its very durable. If you believe the internet will some day cease to exist, don't buy bitcoins. Gold also has durability issues, (tungsten filled bars), but it still has done well because it is the best currency available for physical trade.
Bitcoins is, for at least the foreseeable future, the best currency available for online trade. Which is why it has value. If at some point a better online currency comes about (and some day it will), bitcoins will not lose their value, but eventually they will be phased out.
The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.
Woah, I just saw this thread. Here are some videos on the world's first Bitcoin ATM in action.
Bitcoin ATM wows NH Liberty Forum
RidleyReportRidleyReport
Digital dollars- a Bitcoin machine in operation at Nashua's Liberty Forum
MichelleMitchelMichelleMitchel
CopBlock's Pete Eyre uses the Bitcoin ATM
Fr33manTVrawFr33manTVraw
Lifetime member of Gun Owners of America and the New Hampshire Liberty Alliance. Member of Young Americans for Liberty and Campaign for Liberty. Free State Project mover and many year Free Talk Live AMPlifier.
The thing that bothers me the most about bitcoins is that the government can at any time cut off my access to them, just as they can by locking my bank account. If I have money in my pocket, they have to actually arrest ME to cut it off. That means that I can buy things without the government's permission or knowledge. Although the gov't doesn't control bitcoins directly, they do control the internet upon which it operates.
Rand can win in 2016 only after the security guards will listen to us rather than the establishment hacks and only after we are able to ensure that the rules are followed and the votes accurately tallied.
People like gold, it is pretty, doesn't tarnish and is recognized for thousands of years. People run to it in economic peril. So it has value. a 'bit coin' isn't even something you can hold in your hand, as i understand it.
This is fine if some people want to do it, I just wanted to make sure I asked questions before I decided it wasn't for me.
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
“To avoid criticism say nothing, do nothing, be nothing.” ― Aristotle
The internet is worldwide. How can a government cut off your access to bitcoins at any time? You can store your bitcoins on a flash drive in your pocket, if you want. Perhaps the US government has the power to shutdown almost all of the internet on Earth (that is what you are saying). However, if that happened, we would have much larger problems. 10,000,000s of people would lose their jobs, for example.
Lifetime member of Gun Owners of America and the New Hampshire Liberty Alliance. Member of Young Americans for Liberty and Campaign for Liberty. Free State Project mover and many year Free Talk Live AMPlifier.
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