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your own example invalidates your argument, we live under the regime of the central banker who prints money with reckless abandon and gives it out to his cronie

your own example invalidates your argument, we live under the regime of the central banker who prints money with reckless abandon and gives it out to his cronies. How many trillions has the federal reserve created since 2008? You are a misinformed fool.

sillysaurus3 9y ago
I was there during the 2008 crash. And I don't mean I remember it; I lived through it. It had devastating effects on the people in my life. One of them lost their business constructing buildings, and would have lost his house if he hadn't been able to get his old job back. And he wouldn't have been able to, had those bankers not injected the money into the system and persuaded the economy to keep turning. Bitcoin is gearing up to be the biggest financial disaster in all of human history. If it shows signs of winning, people all across the world will rush to transfer all of their currencies to BTC. What kind of upheaval do you think that will cause? More broadly, when your grand experiment encroaches on our ability to have a solid basis of wealth -- one that has worked for centuries -- what should we do? Are we supposed to sit here and watch you gain power and legitimacy without thinking of ways to stop it, rather than merely profiting off it? If the BTC bubble pops, it will be a massive relief. But it will only sit dormant, waiting years for speculators to pick it up again and form another bubble that gets the world excited. Someday, that bubble might encompass everyone. When it emerges that Satoshi has passed his coins to his family, and they become the next world leaders (by power if not by politics), what should we do when we don't agree with their methodologies? When we can't collect taxes? Or divert wealth to social programs like UBI?
- sumedh 9y ago
  > had those bankers not injected the money into the system and persuaded the economy to keep turning. So the bankers caused the problem in the first place and then we have to thank them because they convinced politicians to inject money?
- solotronics 9y ago
  sorry but I do not consent for the bankers to control every aspect of my life. you can use your debt notes created at the whims of some evil cabal and I will use a free and open source store of value that anyone can work to create and nobody can censor or steal from me. I gladly pay taxes as should everyone, but I do not agree to have my store of value inflated 3-5% every year like USD fiat.

sillysaurus3 9y ago

I was there during the 2008 crash. And I don't mean I remember it; I lived through it. It had devastating effects on the people in my life. One of them lost their business constructing buildings, and would have lost his house if he hadn't been able to get his old job back. And he wouldn't have been able to, had those bankers not injected the money into the system and persuaded the economy to keep turning. Bitcoin is gearing up to be the biggest financial disaster in all of human history. If it shows signs of winning, people all across the world will rush to transfer all of their currencies to BTC. What kind of upheaval do you think that will cause? More broadly, when your grand experiment encroaches on our ability to have a solid basis of wealth -- one that has worked for centuries -- what should we do? Are we supposed to sit here and watch you gain power and legitimacy without thinking of ways to stop it, rather than merely profiting off it? If the BTC bubble pops, it will be a massive relief. But it will only sit dormant, waiting years for speculators to pick it up again and form another bubble that gets the world excited. Someday, that bubble might encompass everyone. When it emerges that Satoshi has passed his coins to his family, and they become the next world leaders (by power if not by politics), what should we do when we don't agree with their methodologies? When we can't collect taxes? Or divert wealth to social programs like UBI?

sumedh 9y ago
> had those bankers not injected the money into the system and persuaded the economy to keep turning. So the bankers caused the problem in the first place and then we have to thank them because they convinced politicians to inject money?
solotronics 9y ago
sorry but I do not consent for the bankers to control every aspect of my life. you can use your debt notes created at the whims of some evil cabal and I will use a free and open source store of value that anyone can work to create and nobody can censor or steal from me. I gladly pay taxes as should everyone, but I do not agree to have my store of value inflated 3-5% every year like USD fiat.