Quote from: Last of the V8s on May 04, 2018, 09:51:09 PM

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Quote from: manfred on May 04, 2018, 07:21:00 PM

"First they ignore you, then they laugh at you, then they fight you, then you win.
Anyone in a fighting mood?
https://www.nytimes.com/2018/05/04/upshot/should-the-fed-create-fedcoin-to-rival-bitcoin-a-former-top-official-says-maybe.html

Congress gave the Fed a monopoly over money, Mr. Warsh said.

Which was fraudulent and in violation of the US Constitution

ok, perhaps. but it's been accepted as normal, allowed, and legal for... what, something like 100 years now? what, precisely, do you expect to be done about it? to remove the fed's power is nigh impossible. it would likely require literal war and revolution to bring down the government as we know it and build something new, or at least closer to the original constitution if that's the goal.

i say the same thing to any theory - like faked moon landings or flat earth or less insane ones like this Fed thing. ok, so maybe you're right. what's your point? what do you want to be DONE about it, and what will that change? are you going to do it? do you think you can actually effect change at all?

Many folks, myself included, are fascinated by bitcoin because a belief that it can take down the Fed and the other central banks. The concept of bitcoin is very powerful.

Maybe 10,000 us$ by the end of the weekend?

...well, ok, yea. that's... very true. i... er... right, shutting up.

am a bit drunk to respond fairly to this convo, but you both have valid points and shouldn't back off. Bitcoin itself will do a lot of the heavy lifting in ending the Fed and creating an honest society. But it also us - what are we doing to those ends? holding, running nodes, mining, building infrastructure? keeping the USG out (cf scams like eth/bcash/intel/google)?

personally, all i can do is run a node at the moment. which, come to think of it, might not even be a full node - i think i need to open a port of the router or such... but i enjoy mining and hodling. just no money to get decent gear, and my 100 gh's isn't exactly worth running these days. i used to dream about having a big farm, but i've had a rather rough decade, financially, so it hasn't happened. might finally have a decent job though, so who knows.

sure man i read about some of your heyday early group buy, but you can still educate people after the day job and you can maybe put some $ aside into btc each month. you need a bit of money for a full node for the uphill b/w, but hey we all do what we can do

So it is a consensus then? Everyone believes that Bitcoin is a tool against the owners? This is exactly wrong and if you have minimally studied Bitcoin you know it is wrong.

Are all of you so drunken on unearned profits that you cannot see how Bitcoin is made by them running on the machines they have developed from scratch? We are users and pushers, not the creator.

You would not believe an entrepreneur is a legislator but you believe anyone doing work that is descendent from Bitcoin is actually writing the laws which the sovereign will adopt? I am sure you do not believe it. Let me put it more succinctly.

Bitcoin is the Fed 2.0. Got that?

One more time.

Bitcoin is the Fed 2.0.

Beware of the paradise which you seek to create. It is a stronger hell than the hell you seek to escape.