Bitcoin??

Just wondering if are you familiar with Bitcoin?

I will create a blog or some other thread about Bitcoin later and post a link here. For now just looking to see what fellow simians know/feel about it in this poll

 

You perhaps are talking about old school measure ?

 

2 bits, 4 bits, 6 bits a dollar? LOL! No, this is definitely not old school.

 

I think so...Go ask a teen..Post your answer...lol

 

I will create a blog or some other thread about Bitcoin later and post a link here. For now just looking to see what fellow simians know/feel about it in this poll.

For those interested here is a really basic animated primer on BitCoin

 

..........

 

on the lawyer tv show "the good wife", there was a episode about "mr bitcoin" internet money. do I get the tv boob prize for a correct answer?

 

You got it.

 

see even an olde slow blind fat hog can find an acorn ever now and then

 

I'm a strong believer in Agorist thinking

Bitcoin allows transactions to take place below the radar of any gooberment. Not perfect because they can trace traffic and such, but that coupled with PGP and a few other things and gov't cannot know what you are buying and selling nor can they figure out how to tax it which is their greatest worry.

Bitcoin isn't for a cashless society / mark of the beast, it is one of the most anti mark things you can do since it is underground of gooberment control.

JMTC< YMMV

 

My thinking is Another BUZZ word , Twitter /twatter/ Facepage / book , whatever. It's the newest smallest techie bling ..

& i missed buying shares of FacePlant @ 60.00 per , but I know Bobo hepled build it.

There has been U-tubs on this for sometime.



Sloth

 

Ok, Bitcoin should i care?
Well maybe, maybe not.
Do you have a relative in Iran? Cuba? Syria? or other nation that the US Gooberment doesn't like? If so, you should care about bitcoin. As bitcoin has gone from a geek novelty to a bit more noticed, it's willingness to be accepted as something of value as part of a trade/exchange item has grown.

best part is, it can bypass the middle man (banks, western union, traditional money changers). It is not controlled by a government. It's not controlled by a bank.

Hell, I could use it to bail out my brothers ass in the Ukraine if need be (as long as his bail isn't too much).

Yes this is mostly geek stuff at this time. Will it go full mainstream? I've no clue;I hope so!

If you buy into the idea that this a cryptocurrency then it has value to you. And if you find someone that also believes that Bitcoin has value either now or in the future then you have yourself a barter item.

I've already got a group of people that i know that value bitcoin, their are others in my general wide area of operations that are willing to exchange Bitcoin for FRN's and vice versa. So for me, It's just as good as a fiat currency. Value fluctuate just like a commodity.

I'm in bitcoin for the long haul. Win, lose or break even.

 

What the hell is a Bitcoin.
Well, there are those smarter than me so I'll defer to them below:

 

The Ultimate Offshore Bank Account.
First, we have to ask – why do people go offshore in the first place? Here are what I believe to be the top reasons people choose to move their money offshore:

• Financial Privacy
• Protection from Theft (taxation)
• Protection from Litigation
• Currency Diversification
• Jurisdictional Diversification
• Global Access to Funds

...... more here

 

Yeah, yeah, VisuTrac, I get the picture. It geekgeld. You can't use it in the real world.

Well yes you can.
How about private internet access
How about hosting your website
Drugs, weapons well maybe if you believe they are down on the TOR Silkroad
Porn. If it weren't for porn creating a demand for bandwidth, .. well anyway, Porn
in the market for something from individuals like the classified section of your newspaper?

Pizza, car rentals, music, a romantic evening on the town, a cruise, gasoline, ammo, preps, bulk toilet paper, seeds, chain saw, car repair, airline ticket to go see mom. At this point you are sayin' NFW VisuTrac. Bitcoin can't do that. Well, maybe not on it's own, but with your bitcoins you can purchase a prepaid debit card and use that in the real world.

I'm hankering a big steak right now. Oh yeah, you can get that straight from the farm

fine fine, you still not feeling the bitcoin? How about if i told you that you could buy Mountain House food with Bitcoin? Interest yet? Check it prepper!

Still not feeling it? How about an assault backpack? Are you an operator wannabe?

 

Bitcoin - The Libertarian Introduction

***Originally published in Freedom's Phoenix Magazine - April 13, 2012***
Republish, copy, and distribute at will.​

Bitcoin - The Libertarian Introduction​

What it is, how it's used, and why you should care.
​

Erik Voorhees - April 11, 2012
​

"When a state currency is challenged, the state itself is challenged,​

and market forces move swiftly around sickly, depreciating inhibitors."​

· Introduction
· What is Bitcoin?
· How does it work?
· Why is Bitcoin valuable?
· No really, WHY is Bitcoin valuable?
· How does one obtain it?
· Being careful with money
· What can one do with it?
· Bitcoin vs. The State
· Bitcoin and Disruption
· Useful Resources

The full story here ...

 

Adam Kokesh on Bitcoin and Free Market Money

More articles by Ryan Taylor »​

Written by: Ryan Taylor
Tags: adam kokesh, bitcoin, free market, money, spotlight

​

The rising career of Adam Kokesh maintains a steady and distinct focus on liberty and individual empowerment. Since serving in the United States Marine Corps in Iraq, he has built a reputation as an anti-war, pro-freedom activist and outspoken independent journalist. His peaceful civil-disobedience and direct actions range from mega-phone powered outbursts to debatably awesome dance moves with clear and undeniable reactions from the institutions that he speaks-out against. In the last two years Kokesh has been developing a presence with his show, Adam vs. The Man, which previously aired as a radio program in New Mexico then on the television network Russia Today and is currently “Anchoring the Internet, 7 days a week” via podcasts and his popular YouTube channel.
Internet communities are evolving at an incredible rate, creating phenomenal innovations, adjusting to the rapidly changing market and reshaping what it means to be free while war and civil unrest rage in the streets around the world as a result of government policies, global banks and corporate greed. This is where Adam vs. The Man and Bitcoin collide. more here ...

 

BitCoin: The Future of Money?

By Chris Southcott on June 18th, 2012

Sometimes we need to start over again. But even in this connected world, is it possible to reboot the way we pay? To change something that has barely changed in hundreds of years? Maybe. More Here at Techgeek.com.au ..​