Recent content by hazek

Of course bitcoins can be taxed just like cash. But just like cash, profits gained from transacting with bitcoins can be easily hidden. Who cares if the man wants his money if it's easy for you to hide it?

It's not an either or question, I for instance own both.

Correct.

I think it's funny to read many of the posts on this forum. Really funny. You know what most of you are? Chicken shits. That's what. First you are too thick to grasp just why this technology may be our one shot at freedom through economic sovereignty in our lifetime and then when the people...

How are they going to find me? Bitcoin allows for user defined privacy, did you somehow miss this part?

Bitcoin was built with the threat of being regulated in mind so I really don't understand why it would be bad for a judge to say it's money. Even before digitized banking government regulated transactions, taxed commerce and imposed regulations on all things money. The only difference with...

The video is accurate in illustrating how FRB actually works but the narrative is inaccurate. No new money is created in FRB. None. What is created is debt. Highly liquid - that most people confuse as money - debt. For example after the initial $10,000 gets deposited and $9,000 is lent out...

If value is subjective, and I say Bitcoin has value beyond being used as a currency, how could me saying this ever be false?

Value is strictly subjective.

Well as long as there is that plan.. :rolleyes: No one is disputing they may have this plan, what everyone is saying is that it is a horrible plan which they wont even be able to carry out because there are no other buyers that can pick up if the FED starts cutting back which would mean higher...

Not a private currency. It's a gift certificate system, almost no different from airline miles.

He just has to deny everything. Deny he paid, deny he ordered. Anyone can mail anything to anyone and if he was smart they wont be able to prove (beyond reasonable doubt) that he paid and ordered it. Btw this is also what has happened...

It's not.

This is misleading and very inaccurate. From the article: Clearly they don't create money. They create DEBT. Very very veeeeeery liquid debt. So much liquid that most people treat is as money. But that doesn't make it money, it's debt.

You are mistaken. It is. The reason why some started to circulate the story that banks must take in only 10% of what they lend out is because that's where you end up at with 10% fractional reserve banking and they misunderstood that as a single step. If the bank takes in $100 in this case it...