Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 26/02/2015, 11:23:45 UTC
Quote from: billyjoeallen on February 26, 2015, 10:09:23 AM
Quote from: Fatman3001 on February 26, 2015, 09:53:48 AM
Quote from: billyjoeallen on February 26, 2015, 04:28:26 AM
Quote from: JorgeStolfi on February 26, 2015, 04:19:32 AM
Quote from: NotHatinJustTrollin on February 25, 2015, 11:02:17 PM
What a fucking clown. Using bitcoin as a currency for a country:
https://twitter.com/jonmatonis/status/570609094438088705

Until now I believed that Jon Matonis was one of the few sensible and realist people in the bitcon scene (even though he is a bitcoin salesman).  But that is just too naive (or insincere).  Oh well...
e

[1]So what is YOUR take on nations spending money that the unborn will have to repay? [2] If that's not taxation w/o representation, then what is it? You think that's moral? [3]We fought a war against the strongest empire on earth to stop that kind of tyranny.

Are you gonna make some bullshit argument that the ends justifies the means as long as they invest the loot right?

Bja, you know I love you. You often want my coins to appreciate, which I like. But this is just retarded.

1) They will inherit the country as well. If the elected government thinks they need to build up some debt to avoid a worse faith for the country, then that's what they must do.
2) It's regular taxation. Most of the choices made by the current generation affects the next. They were represented by their parents and grandparents.
3) If you think you think that the problem with Nazi-Germany was taxation, then your ignorance is close to offensive. Which is quite a feat.


[1]Huh Surely you know I was referring to the American Revolutionary War where taxation w/o representation was explicitly a casus belli. By your reasoning, the colonialists were represented by the King and the Founding Fathers were traitors. [2]You must also know that an heir can inherit wealth if the deceased has a positive net worth but is NOT obligated to take on debts of the deceased if he doesn't. We all have an obligation to our children that we don't have to our parents because nobody chooses to be born.

1) I'm sorry, I forgot who I was talking to.
2) There are very good reasons why that applies to personal debt and very good reasons why they don't apply to public debt. A country is not a person. It doesn't die. If and when it is dissolved, vanquished, conquered, then it is reasonable to ask where the debt goes.


But yes, there is a lot of risk involved with adding to an already huge debt. But sometimes the alternatives are worse. There was no reason to keep adding to the deficit after the dot-com crash of 2001 had been dealt with. So from 2002/2003-2008 both congress and the president should have focused on turning the deficit into a surplus. But instead they decided to gamble the nations future on an oxymoron called big-government conservatism. Kicking the dollar and replacing it with Bitcoin is not going to make republicans (both voters and politicians) less stupid. That requires education, publicly funded education. Even those on the right should recognize this.