Post
Topic
Board Bitcoin Discussion
Re: Rand Paul Thinks Bitcoin Should Be Backed By Stocks
by
BitDreams
on 01/05/2014, 23:03:52 UTC
He'll get it after a while I suppose. Rand, if you happen across this consider if the MERS mortgage title company had utilized the block chain to track ownership - for a legislator, that should be enough to get them thinking correctly.

For those who don't know, MERS was the unregulated organization that banks created to 1. forge signatures on mortgage docs 2. trade these documents bypassing local municipalities, in effect, stealing doc fees at the local level 3. double spend! there are cases of mortgages being held / claimed by multiple lenders... and other problems with that corrupt data base (MERS).

MERS scandal that could have been avoided with the bitcoin protocol: http://deadlyclear.wordpress.com/2013/08/20/wall-streets-mortgage-fraud-scandal-you-can-have-a-house-that-is-fully-paid-for-and-still-end-up-in-foreclosure/

"Wall Street’s Mortgage Fraud Scandal. 'You can have a house that is fully paid for and still end up in foreclosure”

Rand, what's the value of bitcoin now?