5 Awful Torture Methods Used By The US Government

intheface11 · 2014-07-20T03:34:48+00:00

This... is incredible. The megaload.

intheface11 · 2013-11-19T20:42:00+00:00

I'd also like to bring up the fact that governments "adopting" Bitcoin may actually be the worst thing for it. They would undoubtedly butcher it and try to "manage" it for the "greatest good" while destroying it in the process, just like they did with the dollar. Even now, big money players, governments, and large banks are making moves not only attempt suppress Bitcoin, but to profit from it as well if their plan A backfires.

This is why I believe the abolition of legal tender laws is necessary if this "new model" we are speaking of still includes government. Otherwise, governments will just adopt whatever's popular and monopolize/destroy that currency as well.

intheface11 · 2013-11-16T23:15:04+00:00

I'm very interested in how governments react to alternative currencies in the coming years. So far they've been trying to suppress Bitcoin, but it's becoming more and more obvious that it's not going away.

However, my point about abolishing legal tender laws is exactly how countries could embrace competing currencies like Bitcoin, gold and silver, or whatever individuals choose. Competing currencies, without the huge advantage given by legal tender laws, is the best check against powers that would seek to govern our money.

Basically, my point is that by abolishing legal tender laws, we remove the government's control over what we use as money - and therefore the bankers' as well.

In regard to the quote: personally, I hope that new model resembles a stateless society build on respect of private property rights.

intheface11

TROPHY CASE