Any of you bitcoin posers read this

http://fas.org/sgp/crs/misc/R43339.pdf

I've read it a few times.

Best thing in it is what ibitloan found immediately

Think tank dude telling congress

Therefore, the supply of Bitcoins does not depend on the monetary policy of a virtual central
bank. In this regard, although a fiat currency, the Bitcoin system’s operation is similar to the
growth of money under a gold standard

Now the other day some POSER in here was saying over and over bitcoin isn't fiat

haha

MORON

any currency with NO INTRINSIC VALUE Is fiat, it doesn't need a government to create it, the community can create a fiat system, bitcoin is latest community example, they used to do it with sticks, and beads and shells too.

Fiat is what you gonna give the tree climber to climb the tree to get the coconut for you besides your daughter or wife

haha

shells
beads
sticks
now bitcoin

MADE UP VALUE SYSTEM
no intrinsic value

sure govs do it all the time, but communities do too

go to your local strip club

use your credit card to buy their CLUB DOLLARS

now you got club fiat currency you can buy a stripper with

soon it will be bitcoin in most strip clubs

haha

PS 20 pages of big words single spaced

Like the IQ here can handle that, maybe like bitcoin .01% of the users/world

haha

yeah sure

currency velocity

that's gonna lose 99.99% of bct for sure