Quote from: Elwar on April 16, 2013, 05:53:05 AM

Quote from: BluesBrother on April 16, 2013, 05:43:05 AM

...or by the family, or by their investments, or by charity.
Not by hoarding currency Wink

I have used some of those words in my text here but unregulated isn't really true. Bitcoins is the most tightly regulated currency in the world

It is mathematically regulated which frankly is key to its success. Who the heck would use a currency which is completely unregulated?

In fact part of the failure of the US Fed and some other modern central banks is their de-regulation. They are no longer controlled by set standards or by the democratic process but by a pseudo-private, quasi-secluded council which is "independent" from government policy.

Ahh...someone who actually understands what the term regulate means.

Your professor would not. In liberal speak, to regulate is to use the government to make something better.

As opposed to during the days when your rifle would be "well regulated" if it was in proper working order and checked to make sure it would shoot if needed. It was that definition they meant when talking of a well regulated militia in the Constitution.

What do you know of my professors :p
There is something called self-regulation which is for example what supply and demand is and thus the basis of market economy. Who would dispute this?
The only dispute you can make is that it competely ignores artificial scarcity and labour wealth theory and thus is prone to manipulation but hey that's not disputing its inherit regulatory powahs.
The best way is to bash both sides, then they don't know who you're with!