Quote from: iamnotback on January 20, 2017, 03:32:11 PM

The Divided States Of America (DSA):

Anonymint, I hope you posted that as a joke because it was clearly written by a Marxist.

Quote from: CoinCube on January 20, 2017, 10:03:43 PM

If we imposed a system like bitcoin upon a society

Coincube, you're gonna need to settle down on the excessive religious stuff or belief you actually can impose anything on anyone. The reason gold and silver have value is because they still have value no matter what you ATTEMPT to impose. Gold and silver are money and everything else is credit because it can be defaulted on. Even Anonymint's claim of some magical new coin that solves all problems even if it works is just flat out credit and will never be anything compared to gold and silver as shown below:

Quote from: r0ach on January 20, 2017, 01:22:38 AM

Fiat has always been a derivative of metals, a coupon to exchange for them. What essentially happened is that the bank defaulted on you and you were left holding the bag if you didn't turn your coupons in beforehand. Just like everyone who currently owns fiat is holding the bag still. Fiat can default. Bitcoin can essentially default if the thing becomes unusable somehow. Metals can't default because it exists as more than a concept.

Cryptocurrency is honestly overall just a joke. It's riddled with counter party risk and potential black swans where it's virtually the same as fiat in that regard. The only real question is if it was launched as a government scam or failed experiment by some other entity.

As I already posted before, Bitcoin was created with a Rube Goldberg pricing mechanism that attempts to make the user believe the pricing mechanism is identical to gold and silver mining, having an actual price floor, where none really even exists:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

It's really almost identical to fiat in all aspects once you take into account inevitable centralization of all these systems whether it's by stake or mining (just externalized stake). It just takes people a LONG TIME to cut through all the bullshit and get to the bottom of the Rube Goldberg machine and articulate why all these things are the case. I don't consider myself an idiot and it's taken me years to articulate why all this stuff is the way it is, and Anonymint is the self proclaimed smartest person in the universe and he's still sorting through it all.