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Yes it is; There is no powerful entity (violent extortionate power) that taxes people (engaged in parasitism) and requires payment in bitcoin. (the monetary ba

Yes it is; There is no powerful entity (violent extortionate power) that taxes people (engaged in parasitism) and requires payment in bitcoin. (the monetary base in question) It's just in statist apologist clothing. Monetary bases exist on any money, whether that is government issued or otherwise, to insinuate otherwise is to imply that there is no money outside that issued by the state, and that has never been and is not the case. I don't expect you to agree, whenever I have noticed any comment from you it has without exception been in strident and shrill defense of the state, but just stating you think differently and using this as evidence for calling your opinion as fact proves precisely nothing.

anigbrowl 14y ago
You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less useful than currencies which are acceptable legal tender for that purpose. For one thing, you'll have to pay a small conversion premium on top of the debt you're servicing. I don't expect you to agree, whenever I have noticed any comment from you it has without exception been in strident and shrill defense of the state, but just stating you think differently and using this as evidence for calling your opinion as fact proves precisely nothing. You're calling me strident and shrill, when you're characterizing all government as violent and extortionate? OK, if it makes you feel better. Monetary bases that are not government created are essentially worth only their commodity value, because they lack any reliable institutional backing. In practice, this typically makes them rather inconvenient: http://thedailywtf.com/Articles/Special-Delivery.aspx http://thedailywtf.com/Articles/Special-Delivery.aspx
- etherael 14y ago
  > You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less useful than currencies which are acceptable legal tender for that purpose. For one thing, you'll have to pay a small conversion premium on top of the debt you're servicing. No, I follow perfectly well, the mugger demands his due in a specific form of paper, therefore that specific form of paper is more valuable than one in which similar predation does not take place, that's precisely why I disagree that it's actually feature. > You're calling me strident and shrill, when you're characterizing all government as violent and extortionate? OK, if it makes you feel better. That's not a characterisation, it's a simple fact. Government is a monopoly of force, there are no governments in existence who do not use that monopoly of force for extortion. > Monetary bases that are not government created are essentially worth only their commodity value As opposed to absolutely nothing in the event of the failure of the backing state.

anigbrowl 14y ago

You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less useful than currencies which are acceptable legal tender for that purpose. For one thing, you'll have to pay a small conversion premium on top of the debt you're servicing. I don't expect you to agree, whenever I have noticed any comment from you it has without exception been in strident and shrill defense of the state, but just stating you think differently and using this as evidence for calling your opinion as fact proves precisely nothing. You're calling me strident and shrill, when you're characterizing all government as violent and extortionate? OK, if it makes you feel better. Monetary bases that are not government created are essentially worth only their commodity value, because they lack any reliable institutional backing. In practice, this typically makes them rather inconvenient: http://thedailywtf.com/Articles/Special-Delivery.aspx http://thedailywtf.com/Articles/Special-Delivery.aspx

etherael 14y ago
> You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less useful than currencies which are acceptable legal tender for that purpose. For one thing, you'll have to pay a small conversion premium on top of the debt you're servicing. No, I follow perfectly well, the mugger demands his due in a specific form of paper, therefore that specific form of paper is more valuable than one in which similar predation does not take place, that's precisely why I disagree that it's actually feature. > You're calling me strident and shrill, when you're characterizing all government as violent and extortionate? OK, if it makes you feel better. That's not a characterisation, it's a simple fact. Government is a monopoly of force, there are no governments in existence who do not use that monopoly of force for extortion. > Monetary bases that are not government created are essentially worth only their commodity value As opposed to absolutely nothing in the event of the failure of the backing state.