How To Use Bitcoin – The Most Important Creation In The History Of Man

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Yeah you can't redeem those bitcoins if society collapses...

Isn't it what those against fiat money keep saying is about to happen ? Or did I mix up my quacks ?
 
Belz... said:
Yeah you can't redeem those bitcoins if society collapses...

Isn't it what those against fiat money keep saying is about to happen ? Or did I mix up my quacks ?
Click to expand...

Ultimately this is not about redeeming coins for dollars.

This is about setting price levels in Bitcoins for goods and services and replacing the dollar.

The goal is to have people redeem dollars for Bitcoins, not Bitcoins for dollars.

The bitcoin client can run on smart phones and laptops which can be charged locally, along with local wifi networks. A fully functional internet is not necessary for commerce to be conducted.
 
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michaelsuede said:
The bitcoin client can run on smart phones and laptops which can be charged locally, along with local wifi networks. A fully functional internet is not necessary for commerce to be conducted.
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I'm sorry, I'm not a participant in this thread, but I have read all of it and that post is crying out for :dl:

When society collapses, bitcoin wins, because you can use it on your smartphone!
 
michaelsuede said:
The bitcoin client can run on smart phones and laptops which can be charged locally, along with local wifi networks. A fully functional internet is not necessary for commerce to be conducted.
Click to expand...

How will you publish your transaction to the bitcoin network without a fully functional internet? (Or to rephrase, if you're able to reliably reach your bitcoin peers, how is your internet not fully functional?)
 
Guybrush Threepwood said:
I'm sorry, I'm not a participant in this thread, but I have read all of it and that post is crying out for :dl:

When society collapses, bitcoin wins, because you can use it on your smartphone!
Click to expand...

That's a relief.

Bugger that I still couldn't pay for a Chinese takeaway with the things, of course.
 
Guybrush Threepwood said:
When society collapses, bitcoin wins, because you can use it on your smartphone!
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That's what gets me. He seems to believe that the only side-effects of economic collapse are a worthless dollar, freedom from government, and big businesses going *poof*. Otherwise, all the services he currently enjoys will continue relatively undisturbed.

In another thread he claimed to be prepared with things like stocked food, guns, and urban survival gear, yet he believes things like the Internet, smartphones, and the power grid will continue unabated.

There's something wrong with that...
 
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Cl1mh4224rd said:
There's something wrong with that...
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Haha! No ****.

doglaugh.gif
 
Cl1mh4224rd said:
That's what gets me. He seems to believe that the only side-effects of economic collapse are a worthless dollar, freedom from government, and big businesses going *poof*. Otherwise, all the services he currently enjoys will continue relatively undisturbed.

In another thread he claimed to be prepared with things like stocked food, guns, and urban survival gear, yet he believes things like the Internet, smartphones, and the power grid will continue unabated.

There's something wrong with that...
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Capital resources, such as routers and power plants, don't disappear in the absence of a State.

The State is not responsible for maintaining the internet and power plants of the nation.

Thus, removing the State would not result in those capital resources vanishing into a great void. They would continue to operate, just as they are now, until all the capital resources of the nation have been squandered by socialist looters as they have been in North Korea.

Since the US still has a large amount of capital resources with which it can rebuild itself, we can expect that the power grid and net will remain active during a currency collapse event unless they are directly attacked by our own government for the purposes of crushing dissent.
 
michaelsuede said:
Capital resources, such as routers and power plants, don't disappear in the absence of a State.

The State is not responsible for maintaining the internet and power plants of the nation.

Thus, removing the State would not result in those capital resources vanishing into a great void. They would continue to operate, just as they are now, until all the capital resources of the nation have been squandered by socialist looters as they have been in North Korea.

Since the US still has a large amount of capital resources with which it can rebuild itself, we can expect that the power grid and net will remain active during a currency collapse event unless they are directly attacked by our own government for the purposes of crushing dissent.
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Clearly, you do not understand anarchy, nor the ramifications of it. You have a pretty naïve understanding of how groups of people behave.
 
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Almo said:
Clearly, you do not understand anarchy, and the ramifications of it. You have a pretty naïve understanding of how groups of people behave.
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Anarchy is peace.

The State is war.

Socialist chaos != anarchy

For example, if a socialist despot like Kim Jong Il destroys a nation's resources through State plunder, and then the nation devolves into a state of chaos whereby his regime is overthrown, do we blame "anarchy" for the chaos or do we blame Kim Jong Il?

Clearly anarchy is not to blame for the chaos; the socialist looting that preceded it is to blame.
 
michaelsuede said:
Capital resources, such as routers and power plants, don't disappear in the absence of a State.
Click to expand...


They also don't operate autonomously, or without cost. I'm amazed that you are either ignorant of or ignoring these facts.

The State is not responsible for maintaining the internet and power plants of the nation.
Click to expand...


Of course. Private entities, formerly supported by the currency that was "backed" by the now-nonexistent State, do, however...

Thus, removing the State would not result in those capital resources vanishing into a great void. They would continue to operate, just as they are now, until all the capital resources of the nation have been squandered by socialist looters as they have been in North Korea.
Click to expand...


As I've said before, none of these capital resources operate autonomously. You need to pay people to monitor and maintain them and you can't pay them with anything other than those very same capital resources if the currency they've been previously operating with suddenly disappears.

Since the US still has a large amount of capital resources with which it can rebuild itself, we can expect that the power grid and net will remain active during a currency collapse event unless they are directly attacked by our own government for the purposes of crushing dissent.
Click to expand...


Or the private entities responsible shutter their services because they can't afford to maintain them with zero funds and zero income.

Your view is childishly simplistic. Is it possible that you simply don't grasp the general concept of cause and effect? Or are you simply unaware of how complex the relationships between all things actually are?
 
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Cl1mh4224rd said:
Or the private entities responsible shutter their services because they can't afford to maintain them with zero funds and zero income.
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They'd just about have to. With no stable, reliable currency and no stable, reliable government, the people who perform those kinds of service functions would have to figure out how to feed and protect themselves and their families before any other consideration. The time required to do so would be unlikely to leave them even enough time to occasionally volunteer at their old jobs out of a sense of altruism.
 
Cl1mh4224rd said:
They also don't operate autonomously, or without cost. I'm amazed that you are either ignorant of or ignoring these facts.




Of course. Private entities, formerly supported by the currency that was "backed" by the now-nonexistent State, do, however...




As I've said before, none of these capital resources operate autonomously. You need to pay people to monitor and maintain them and you can't pay them with anything other than those very same capital resources if the currency they've been previously operating with suddenly disappears.




Or the private entities responsible shutter their services because they can't afford to maintain them with zero funds and zero income.

Your view is childishly simplistic. Is it possible that you simply don't grasp the general concept of cause and effect? Or are you simply unaware of how complex the relationships between all things actually are?
Click to expand...

In Zimbabwe, people still managed to do business as the currency imploded.

The same would be true with those who controlled the remaining capital resources, such as power plants and routers.

As things devolved, they would transition to Bitcoins or a gold backed currency.

Capital resources don't vanish into a great void in the absence of a State.

If you look at the vendors currently accepting Bitcoins, a huge number of them are VPN, networking, or web hosting services.
 
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michaelsuede said:
In Zimbabwe, people still managed to do business as the currency imploded.
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They did so using other, stable fiat currencies like the US dollar, the British pound, etc. I don't think that's what you're after, is it? Or maybe you think it's a good idea for a nation to be so screwed up by hyperinflation that they (just 2 years ago) ended up issuing a trillion dollar bill.
 
michaelsuede said:
Anarchy is peace.

The State is war.

Socialist chaos != anarchy

For example, if a socialist despot like Kim Jong Il destroys a nation's resources through State plunder, and then the nation devolves into a state of chaos whereby his regime is overthrown, do we blame "anarchy" for the chaos or do we blame Kim Jong Il?

Clearly anarchy is not to blame for the chaos; the socialist looting that preceded it is to blame.
Click to expand...

Are there any other choices? Is it really only a choice between Bitcoin and Kim Jong Il?
 
Is it strange that this thread has started making me consider gold as a reasonable currency?*

Maybe that's the long game here; give us something even worse and we'll be more accepting of a "middle" ground.

* Not that I have any plans to invest in gold
 
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