A/S/L?

http://yro.slashdot.org/story/13/03/22/153226/bitcoin-to-be-regulated-under-us-money-laundering-laws

are you really saying the us govt has no assets?

(facepalm)

why do people talk about and form opinions about subject matter they don't understand?

it's embarrassing

it does have traditional value. and civilizations have independently come to value gold. there's something psychological about the substance

but it is pretty useless for what these people want to use it for: a hedge against the end of civilization

because you're right, it has no intrinsic value. what can you do with gold? you can't eat it. and in anarchy, someone is more likely to shoot you for it than trade for it

if civilization is going to end, invest in gang membership and heavy weaponry. there's intrinsic value. then go kill the guy with gold if you really want the stuff so bad

(smacks forehead)

please, just stop. you know not a fucking thing about currency exchange. just stop. educate yourself. then form opinions

thank you

oh i see

you trust random assholes who owe nothing to you to always sacrifice self-interest for the good of all

LOL

but government, which exists to serve the people in democracies, and at least to serve stability anywhere else, are horribly untrustworthy on the topic of currency integrity

wtf? O_o

i go on the internet, i meet deluded kooks with serious disorders in the realm of trust

okay, thanks for your speech before the intergalactic congress in the year 4013 AD

in the meantime, could we focus on the here and now of the reality we live in for the next few centuries?

you can't base your opinions on MNLOP when we live in the reality of ABCDE

thanks

the point is you need controls, whether you have one currency or 1000

without controls, entitites speculate/ horde/ flood for profit and it destabilizes the currency(ies)

the problem is you imagine that without a government manipulating the currency, that no one will manipulate the currency

but in reality, remove government manipulation, and you still get manipulation. the only difference being, the government is accountable to the people, or at least accountable to the concept of stability. while manipulation by nongovernmental actors is self-serving, be damned the health of the currency and the society. in fact, in their schemes, their profit is often a direct consequence of instability, such that they actively seek instability

this is all basic stuff. why do people comment on and have opinions on subject matter they do not completely understand?

thank you for identifying yourself as a crackpot

that your mind worries about an implausible scenario (and then, still, solves the implausible problem badly) is why i call you this

choosing your personal currency policy because anarchy might happen is like packing for disney world with the consideration a zombie outbreak will occur

"going to enchanted kingdom, yeah! let's see... signal flares, tourniquet, rpg, broad spectrum antibiotics..."

if the major currencies of the world experience an extreme disruption, we are all fucked. no matter how much gold you did or did not hide under your mattress. a better hedge bet than gold in that scenario would be to invest in gang membership and heavy weaponry. then just go and take any fucking gold you want. because that's what happens when societies collapse on the order of anarchy: the rise of warlords

and bitcoin in anarchy? are you out of your fucking mind? dude, in real anarchy THE INTERNET ISN'T WORKING ANYMORE

please stop reading bad science fiction fantasy and pay more attention to reality

thanks

again, absurd. because bad governance means bad society. currency choice is some tangential pointless issue that solves none of your real problems in such a scenario

>>>so in practice the choice is between "bad government with bad currency" and "bad government with good currency"

if you believe that, and you live in a western democracy, you are a spastic hysterical twit who has no fucking clue how bad things can really get

so if i use bitcoin as a hedge against inflation, you would call me historically wise and longsighted?!

furthermore, if the major currencies of the world experience an extreme disruption, we are all fucked. no matter how much gold you did or did not hide under your mattress

a better hedge bet than gold in that scenario would be to invest in gang membership and heavy weaponry. then just go and take any fucking gold you want. because that's what happens when societies collapse on the order of extreme currency disruption: the rise of warlords

of course, mad max is not going to happen

(season my last statement with the current load of paranoia you carry around)

but let's go ahead and talk about mad max anyways: if society and its currencies destabilize on the order certain paranoid wackjobs constantly imagine it will, i am becoming a simple farmer. everyone needs potatoes. you can come give me krugerrands or point a gun at me (watch your back) for my potatoes, no problem. but i'm not going to horde gold up front, and therefore put a target on my head, and i'm not going to get a high power gun, and therefore die in some senseless firefight. i'm going to lay low, with a hoe, and a rake, and some seeds, and let mad max do what mad max will do in the next valley over

and that's a survival strategy friend. sorry it doesn't fit in with crackpot fantasy lives. too boring i guess

i welcome the judgment of history

correct

but i have to make sure that you aren't thinking of the concept in simplistic black and white terms

there is

1. complete control of currency (wrong, agreed)
2. currency controls. some bad, some good. but this concept does not represent complete control of the currency

what doesn't exist is no currency controls at all. simply because such a society does not function

"No, just you..."

BWAHAHAHAHAHAHA

please mod the parent comment up, it's just too perfect

did you imagine yourself as clint eastwood or arnold schwarzenegger when you wrote that? did you have a toothpick in your mouth and a gun in your hand and did the music swell in the background?

protip:

if i describe you as engaging in nothing but simpleminded cartoon buffoonery, it helps not to prove my point by embracing the behavior further. you actually need to engage the world with more than stereotypical action movie tropes and idioms

i'm not sure if you have the social toolset and/ or the psychological flexibility to appreciate the thought, but here goes anyway:

i want you to try to imagine a world where those who have a different opinion than you are not one dimensional bad guys in a bad movie you saw once. that what motivates their words might not automatically be the pit of all evil in a manichean black and white universe

you can't actually get anywhere in life by labeling all opposition to your opinion as fascist. in fact, the truth is, true fascism flows from thinking in the world in black and white ways that only you currently demonstrate in this conversation

if you find your way to understanding what i just wrote, you will find your social experience infinitely enriched

good luck kid

i hope my intellectual charity is not wasted

you have a great future in hollywood writing scripts for simpleminded shallow movies with bad dialog

sadly, here, your comments only serve to painfully demonstrate the social/ mental handicap that keeps you imprisoned on your paranoid fringe: an inability to view the world and its actors as anything more than cartoonish extremes