Conversation on Bit Coin

The Question: Is bit coin fiat currency?

Mr. X

Bitcoin is precisely NOT fiat. Fiat means "by decree" as in govt decree. It is not created by govt. This is the best thing about BTC. And StClair is a good man but very old school. Computers are not his thing. BTC is the evolution of cryptography... a science that is centuries old. It works.

Mr. I

It's not government decree but anyone can make a decree! So bitcoin is decreed by the unknown? At lease if its government decree you know where the BS is coming from! So by your definition it is fiat.

Mr. X 

Go ahead and decree a new bitcoin into existence. Go ahead and decree its value. I'll wait

Mr. I

I don't  need to someone has already decreed it for you to believe in. And I have no need to deceive anyone. I give and the universe returns.

Mr. X

Who was it that decreed bitcoin into existence?

Mr. I

You believe in it . You tell me. Also that was my point no one knows!

Mr. X

Well, that's exactly it: nobody decreed it. people can run a protocol and compete with others to create bitcoin. There's no decree involved at any point.

Mr. I

If no one decreed it, you would not know about it?

Mr. X

What do you think "decree" means?

Mr. I

In English : an order usually having the force of law.  Of cause you may not know (or believe) that English is a languish of thought control. Which is why many feel the need to obey. It's the reason why people don't know the law, but can tell you what you can and can not do. Regardless if you have not hurt any one. So if you don't know who you are, you can be told anything. In other words any one who tells you this is law you obey that decree! But the point is you have to be told. Did someone tell you about bit coin?  Maybe your not as independent as you believe.
 

Mr. X

What was the order that decreed Bitcoin? What force gives it authority?

Mr. I

There is no force of authority but truth! Do you think that being decree by the government gives it some kind of authority? Woe be it to those who take authority for truth rather than truth for authority!

Mr. X

Of course I don't! That's why I like Bitcoin, because it's decentralized and not under the decree of any authority. Christ, help me… Do you get this?

Mr. I

It is not my intention to upset you. I have silver I have gold. I live in this system. I use the fiat the is easiest for me, but I don't believe in it.  I am not telling you what to do you as everyone else must govern themselves. But that only brings us back to what is right and what is wrong.

Mr. X

I don't care about being upset. I just don't get why you don't understand that bitcoin is NOT made by decree. It's not. It's made by running a competitive protocol.

Mr. I

A decree is a statement. You may not have reach this understand ( and it's deeper than I wanted to get)  but everything comes into being by the tongue! But let's keep it simple, if no one told you about bit coin, how would you know about it?

Mr. X 

A decree is not just "a statement". That's like saying that any statement is a law. You're using sophistry. If you can't stop doing that then this isn't a conversation. Can you stop using sophistry?

Mr. I

Again you must learn what law is before you can talk about it. There nothing deceptive in what I am saying, if you can't understand it, well that's one thing. Again what your talking about now are codes and regulation not law. I told you what law is. If you are having cognitive dissidence because you find it hard to understand how truth is authority. And one must have truth to have law, and it is not because someone type up a paper and put a rubber stamp to it, then your right there is no use in this conversation. 

Mr. X

We can objectively test weather or not you are using sophistry by having you answer one question, and the question is this:

*Is every statement a decree?* Every decree is a statement, but is every statement a decree?

Answer that and we will know if you are a sophist, thanks


Mr. I

Of cause every statement is not a decree. If I say "hello how are you."  That is a statement with a question. But there is no doubt that every decree is a statement! What is your point? Let get back to the subject! I don't think you know what money is. What do you think is money?

Mr. X

Money: A technology system that universalizes debt by identifying units of exchange for a consensus ledger.

Mr. I

Where did you get that from? Money is : 1 A medium of exchange. 2. A unit of account. 3. A store of value. 4  is fungible!  Now when you put all this together what you have is a compression of you time   ( Your energy) In order to continue I'm just going to assume that we agree on this. (I do however understand we may not) If money is a compression of your time ( your work compressed into say a coin) And Bit coins are mined by the work of a computer, that does not get paid. Then somebody has usurped your labor.


Mr. X

Money is just a unit of exchange representing debt on a ledger. This is the most ancient example of money we can use. The Aristotelian specifications of "good money" are built on top of this.

Mr. I

(Reality control they call it in newspeak Doublethink!) you better go back and read that again. That is something Rockefeller
might say. But it dam sure was not Aristotle! That was not even a good try... GO research! The points I gave you are from Aristotle! They were not talking about debt as money in Aristotle time. Debt (as in debt from fractional money) came into existence in England. Hell of a long time after Aristotle! The path to wisdom is when you don't know something admit to yourself  "I don't know" and then find out the truth of the matter..


 

Comments   

0 #3 akoben adinkrahene 2017-03-29 10:53
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0 #1 akoben adinkrahene 2017-02-02 02:45
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