Quote from: BTConomist on May 28, 2013, 05:54:43 PM

Quote from: jml on May 28, 2013, 05:13:27 PM

I would like to live in a world where central banks have no power to control currency flows and impose tax levies on its people on the currency issued via loans and debt.

Well, I have to warn you, with BTC as a currency you will get to keep all of those things (except for the debt part).

Quote from: jml on May 28, 2013, 05:13:27 PM

This is the reason why I am trying to convince people to use bitcoins because I have faith in a crypto-currency that is controlled by the people and not the few elites.

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Well, I have to warn you, with BTC as a currency you will get to keep all of those things (except for the debt part).

That is the problem when bitcoin is backed by fiat which it should not be the case as it's value will be determined by a debt ridden fiat currency.

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Could you please define what you mean by control?
I may have another surprise for you when it comes to bitcoin.

Control as in private banking taking control of issuing currency via loans. In bitcoins, the control is passed on to those who produce the hashing power. I already took a surprise at how money is made (via debt, loans and added interest) and I would not be surprised if bitcoins would be headed that way as exchanges pop up.