Also, simple physical destruction of a computer via a house fire would destroy all Bitcoins contained on the computer, thusly permanently removing them from circulation and existence.
You are clueless.
Post
Topic
BoardBitcoin Discussion
Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace
I see your sarcasm there, but the correct answer is that when paper value is zero, you value your BTC against other valuable goods, resources for example, or hours of work, etc.
I bet it won't. I bet they call it something else so they can shout over and over how they stopped QEing and you should hate the market for the prices rising etc.
Whatever they call it, the end result is the same, the paper value goes to zero.
Post
Topic
BoardEconomics
Re: U.S. dollar could 'collapse': UN
by
liberty
on 27/05/2011, 21:19:01 UTC
It will be a QE3, after it will continue to 4,5 ... n.
Nobody wants to deal with the boogie man -austerity measures, so they print and print and print...
Post
Topic
BoardEconomics
U.S. dollar could 'collapse': UN
by
liberty
on 27/05/2011, 04:46:42 UTC
Major News!
Quote
UNITED NATIONS The United Nations warned on Wednesday of a possible crisis of confidence in, and even a collapse of, the U.S. dollar if its value against other currencies continued to decline.
And what you think about the use of the coin when we talk about Drugs, illegal stuf, child porn, assesinations, carding, hacking, war, etc, etc...
Same thing with any currency. It is not that they have just invented crime, and they couldn't exist deja in your society. They already exist and use what ever currency they can grab. Even the banks do drug money laundering these days. Even the government does money laundering, & some other evil things.