It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

University chair of Economics says Big Government will crush Bitcoin

page: 2
13
<< 1    3 >>

log in

join
share:

posted on Sep, 5 2017 @ 03:31 PM
link   
a reply to: nOraKat


It is tangible. It exists even though you cannot hold it.


Tangible

Tangible asset




posted on Sep, 5 2017 @ 04:37 PM
link   

originally posted by: intrptr

originally posted by: EternalShadow

originally posted by: intrptr
a reply to: nOraKat


Big governments cannot tolerate Bitcoin, the digital currency that threatens to break their monopoly on printing money, and to manipulate the economy to accommodate the interests of powerful elites.

Big Banks are behind the FED. They hide in plain sight pretending to be the gubment. The Federal Reserve is not theFederal Gubment. Its a private banking conglomerate.

The banks can't stand any currency they don't issue.



Neither can the US Constitution.

Whats that supposed to mean?


The Congress shall have Power To...coin Money, regulate the Value thereof, and of foreign Coin....

ARTICLE I, SECTION 8, CLAUSE 5


That was included in the Constitution to protect US from the banksters and their Fiat currencies. Fiat as in, legal tender, receipts, promissory notes, anything that is not backed by precious metal or other commodity.

As in paper, or electronic money, having no intrinsic value other than what they tell us and we believe it has.


And a crypto currency solely based in a virtual world is better how?

Yawn.


ETA: How much is one unit of crypto currency worth? Where does it derive its value from?

Again...

Yawn.

edit on E30America/ChicagoTue, 05 Sep 2017 16:40:54 -05009pmTuesdayth04pm by EternalShadow because: add



posted on Sep, 6 2017 @ 03:45 AM
link   
a reply to: intrptr



A tangible asset is an asset that has a physical form.


It has a physical form just how software or a graphic design has a physical form.



posted on Sep, 6 2017 @ 03:49 AM
link   
a reply to: EternalShadow

It is better because it is not managed by any party. The creation of more money is not under anyone's control.



posted on Sep, 6 2017 @ 07:38 AM
link   

originally posted by: EternalShadow

originally posted by: intrptr

originally posted by: EternalShadow

originally posted by: intrptr
a reply to: nOraKat


Big governments cannot tolerate Bitcoin, the digital currency that threatens to break their monopoly on printing money, and to manipulate the economy to accommodate the interests of powerful elites.

Big Banks are behind the FED. They hide in plain sight pretending to be the gubment. The Federal Reserve is not theFederal Gubment. Its a private banking conglomerate.

The banks can't stand any currency they don't issue.



Neither can the US Constitution.

Whats that supposed to mean?


The Congress shall have Power To...coin Money, regulate the Value thereof, and of foreign Coin....

ARTICLE I, SECTION 8, CLAUSE 5


That was included in the Constitution to protect US from the banksters and their Fiat currencies. Fiat as in, legal tender, receipts, promissory notes, anything that is not backed by precious metal or other commodity.

As in paper, or electronic money, having no intrinsic value other than what they tell us and we believe it has.


And a crypto currency solely based in a virtual world is better how?

Yawn.


ETA: How much is one unit of crypto currency worth? Where does it derive its value from?

Again...

Yawn.

Yawn. Thats why they call it "Crypto", it isn't tangible. You can't hold it in your hand, like gold or real estate.

Imagine owning crypto land? Imagine trading crypto anything off the internet?



posted on Sep, 6 2017 @ 07:40 AM
link   

originally posted by: nOraKat
a reply to: intrptr



A tangible asset is an asset that has a physical form.


It has a physical form just how software or a graphic design has a physical form.


Can't be traded off the internet. Thats the most amazing thing about todays generations, they believe anything they are told, without any proof.



posted on Sep, 7 2017 @ 01:58 AM
link   
I get the feeling some folks here don't understand the technical fundamentals of these projects. If you're interested, take a look at this: mycrypto.guide...



posted on Sep, 7 2017 @ 02:50 AM
link   
a reply to: intrptr

Yeah, it can be traded by writing a key on a piece of paper, or a coin with the key. However it would require trust in the issuer that he does not redeem it before you do. (The same way if somebody wrote a check, the deposited funds are not withdrawn before the person tries to cash the check.)



posted on Sep, 7 2017 @ 02:58 AM
link   
a reply to: intrptr

Money is nothing more than a symbol. Even with "hard currency" its value is based on the market. You can't eat a dollar (well, you can but...), you can't eat gold and you can't eat bitcoin. But you can buy stuff with all of them.

Which is what the concept of money is all about. A more or less arbitrary symbol which facilitates trade.

Beats dragging a pile of beaver skins around.

edit on 9/7/2017 by Phage because: (no reason given)



posted on Sep, 7 2017 @ 07:47 AM
link   

originally posted by: Phage
a reply to: intrptr

Money is nothing more than a symbol. Even with "hard currency" its value is based on the market. You can't eat a dollar (well, you can but...), you can't eat gold and you can't eat bitcoin. But you can buy stuff with all of them.

Which is what the concept of money is all about. A more or less arbitrary symbol which facilitates trade.

Beats dragging a pile of beaver skins around.


Beaver Pelts, not "skins". Worth about 80 bucks.

It would take almost twenty to equal the value of one ounce of gold.

You're right , would rather trade in the pelts and lug 'all that gold' around, instead.

"Money" wasn't explicitly defined in the constitution, they understood the only real money was 'coined". Everything else was paper, nothing but a promise.

Here, let us hold your gold, we'll give you a receipt. Much lighter.


Money is nothing more than a symbol.

The world turns on metals. Gold and silver aren't symbolic.

Pre 64 US silver coins are currently trading for twelve times face value.

That is, a silver 'dollar' is worth twelve dollars, melt value.

A twenty dollar gold eagle is worth @1400 again, melt value.

Worth much more to collectors. But really its just an ounce of gold. Only one ounce... of... gold.

Wats a paper dollar worth? About 3 cents.



posted on Sep, 7 2017 @ 07:49 AM
link   
a reply to: nOraKat


(The same way if somebody wrote a check, the deposited funds are not withdrawn before the person tries to cash the check.)


Ever sold at a flea market? Taken a check for something?



posted on Sep, 11 2017 @ 01:30 PM
link   



posted on Sep, 11 2017 @ 01:33 PM
link   
Like mentioned in the articles / videos - governments will use the excuse that it can be used for criminal activity to shut it down.



posted on Sep, 11 2017 @ 03:48 PM
link   

originally posted by: intrptr

originally posted by: Phage
a reply to: intrptr

Money is nothing more than a symbol. Even with "hard currency" its value is based on the market. You can't eat a dollar (well, you can but...), you can't eat gold and you can't eat bitcoin. But you can buy stuff with all of them.

Which is what the concept of money is all about. A more or less arbitrary symbol which facilitates trade.

Beats dragging a pile of beaver skins around.


Beaver Pelts, not "skins". Worth about 80 bucks.

It would take almost twenty to equal the value of one ounce of gold.

You're right , would rather trade in the pelts and lug 'all that gold' around, instead.

"Money" wasn't explicitly defined in the constitution, they understood the only real money was 'coined". Everything else was paper, nothing but a promise.

Here, let us hold your gold, we'll give you a receipt. Much lighter.


Money is nothing more than a symbol.

The world turns on metals. Gold and silver aren't symbolic.

Pre 64 US silver coins are currently trading for twelve times face value.

That is, a silver 'dollar' is worth twelve dollars, melt value.

A twenty dollar gold eagle is worth @1400 again, melt value.

Worth much more to collectors. But really its just an ounce of gold. Only one ounce... of... gold.

Wats a paper dollar worth? About 3 cents.








Gold doesn't make a currency any more real. Gold is just a metal that is neither the rarest nor the most useful

The price if gold is driven largely by speculation (much like bitcoin but at least with a degree of real value) .

A paper dollar is worth a dollar. The value of what it's physical token form is made from is largely irrelevant as it can be changed at any time.



posted on Sep, 11 2017 @ 06:13 PM
link   
a reply to: ScepticScot


Gold doesn't make a currency any more real. Gold is just a metal that is neither the rarest nor the most useful

On both counts that is so ignorant I'm not even going to try and explain it to you.



posted on Sep, 11 2017 @ 06:31 PM
link   
The Gov. crushes everything eventually. It's part of the reason the Internet is slowly being regulated. Like slow boiling a frog.



posted on Sep, 11 2017 @ 07:08 PM
link   
Anything that can bring the people freedom the government eventually squashes.



posted on Sep, 12 2017 @ 12:20 AM
link   

originally posted by: intrptr
a reply to: ScepticScot


Gold doesn't make a currency any more real. Gold is just a metal that is neither the rarest nor the most useful

On both counts that is so ignorant I'm not even going to try and explain it to you.


If you can't explain it, it's pretty clear where the ignorance is.
edit on 12-9-2017 by ScepticScot because: (no reason given)



posted on Sep, 12 2017 @ 01:27 AM
link   
The big problem with bitcoin and other cryptocurrency is that they can cross borders without checks and hide from the law.

The drug cartels are starting to use bitcoin to take there profits out of the US instead of suitcases of cash that can be caught at the border. Ransomware hackers have long used bitcoin to get there ransom so that governments can not track the ransom payoffs.
In the long run criminal use of cryptocurrency will force governments to tighten down on its use.
And it may even cause the cryptocurrency companies to face lawsuits by victims of crimes using cryptocurrency.



posted on Sep, 12 2017 @ 01:49 AM
link   
a reply to: ANNED

The problem with it is that the gov hates competition.
edit on 12-9-2017 by ADSE255 because: (no reason given)



new topics

top topics



 
13
<< 1    3 >>

log in

join