Bitcoin

[slang]

Originally Posted by tw

It is necessary for a productive society.

Yes, I absolutely agree. And in the beginning this government as well as a few others were needed. And a positive force in peoples’ lives.

Yes, absolutely.Then over time with great expansion, they become corrupt. It’s much easier on a large scale to hide misdoings. Budgets swell and there is more to lose with “interference” by the American people or their elected representatives.

Something that they do well today will most likely be swerved into something detrimental to the American people, in one way or another.

They will become political. Work against the will of the people and the law. For their own means which is always…larger government.

But only for our benefit. Not theirs.

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Originally Posted by tw

That does not mean people such as Cheney will not manipulate government for a self serving agenda.

Cheney for certain but don’t forget Obama too. And Clapper, and Brennan, et al.

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Originally Posted by tw

Obviously the existence of a Central Bank cannot prevent a Mugabe or Maduro. Your logic - blame a Central Bank for that corruption.

Your promotion of the Central Bank being required led me to believe that, in your opinion, it was a pillar of virtue and respectability.

It encourages stability. Not fidelity.

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Originally Posted by tw

Please don't mock me with that wacko extremist logic. A central bank cannot prevent corrupt leaders. But a Central Bank has been repeatedly proven essential for a stable currency.

I’m sorry that you think I’m mocking you. Instead I’m making arguments with citations and quotes and references.

You could do the same if you would like.

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Originally Posted by tw

Throughout history, currencies that remain most stable are maintained by a Central Bank. We know government must be part of a solution.

In the beginning, yes, they do add to the stability of a currency. With time, in their plateau and decline, they are not a benefit to the population. They stray from their mandate. Exaggerate their importance and become detrimental to the people that they originally served.

In time a country doesn’t have a government, a government has a country. It’s a natural progression.

Originally Posted by tw

Which flies in the face of extremists who are told by Hitler, Mussolini, Alex Jones, Sean Hannity, or Rush Limbaugh what to believe.

Have you ever watched an entire Hannity program? Have you vetted his sources? Not by reading a Soros funded website, but actually looking through his citations?

Ok, ok, he’s a bit ridiculous. Have you ever listened to Rush Limballs? Not the soundbytes, we’ve talked about those already. Sound bytes are not for people of officer material. We already agreed on that.

Rachel Maddow has a very popular program. Or she did until the Mueller report exonerated Trump. She’s not persuasive to me but interesting to watch.

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Originally Posted by tw

Extremists never bother to learn details or ask why. They only want to be told what to believe.

That’s probably your observation. Or are you talking about radical left wing democrats?

You have to be cautious about who you listen to and what their agendas are. Like CNN And MSNBC

One could end up believing some demonstrably false ideas if they aren’t skeptical.

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Originally Posted by tw

Then just know something must be true because it agrees with their political biases.

We completely agree on this issue. It’s rampant and it doesn’t seem to be going away.


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Originally Posted by tw

I heard same nonsense from so many Bernie Sanders supporters during the Democratic Convention. Details quickly identified them as extremist. Told what to believe rather than first learn how things work.

Completely agree.


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Originally Posted by tw

Again, it is no accident that Bitcoin is popular among the anti-everyone else extremists. Bitcoin cannot even do what credit cards do to advance mankind.

Not yet but there’s still time. Bitcoin is abused. It doesn’t seem to be burdening people with high interest debt, at this time anyway. Cards have reached a trillion bucks of debt. How much in questionable payments has Bitcoin provided?

Bitcoin has ripped people off but it’s nowhere near the amount of money that card debt has saddled people with. One trillion is one million times one million.

It is true that credit cards are a big benefit to many people. I’ve benefitted from them too. They are convenient many times. They do have a tendency to be issued with a limit that is not suited appropriately for the applicant.

Are these lenders criminals? Not from my experience. I spent their card money. It was difficult to pay back though. They even upped my limit as I was working to pay it off and cancel the card. Again, it was my lack of discipline that created my problem. And it’s long since done.

Originally Posted by tw

It is seriously flawed for so many reasons - many already identified.

It is flawed. And it’s abused. It does appear that its’ popularity is growing though.Why would that be since it’s so flawed? Even a third world country like the Philippines has a Bitcoin ATM.

Originally Posted by tw

Only a wacko extremist sees all government as evil. Fails to learn that the most successful societies existed when government was doing its job.

The Florida DMV was effectively doing it’s job when I needed their assistance last year. I don’t believe that they are evil. They’re small.