Quote from: Vegetta on July 04, 2011, 10:15:02 PM

Quote from: evoorhees on July 04, 2011, 10:08:06 PM

Quote from: Vegetta on July 04, 2011, 10:05:40 PM

This whole idea that Bitcoin is here to kill the current government has got to stop. Sad

This whole idea that The Federal Reserve can centrally plan the world's economy has got to stop Sad

I believe Bitcoin is the balance, not the poison here my friend. Governments and encrypted currency's can co-exist, as long as there are choke-points (exchangers, traders,businesses) , while still holding some type of anonymity and sensibility. The Federal Reserve should not be allowed to print unlimited amounts of money, but we as citizens grant them the permission to correctify highly volatile markets. Bitcoin will keep politicians from all over the world accountable, while opening up a whole new market for businessmen and consumers alike. It doesn't all have to be doom and gloom, things can get better, and the key in this new modern planet is accountability.

Main problem is that 90%+ of money is issued by private banks for things with very little productive or capital value. As reserve requirements have neared 0 this caused a tidal wave of debt owed to private banks in the last 10 years. Nationalize the Fed and issue 0% credit for productive investment. End and/or tax derivatives. Pass a 1% Tobin Tax. These steps will lessen the burden of fictional debt on the economy and vastly increase the standard of living for 99% of the population.