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.

Things to remember about Trump!

Even with all this baggages he still Trumps Clinton!

Didn't Trump say he supports Is-It-Real (Israel) ?

There is nothing new under the sun.

SEPT. 4, 2001

THE RACISM WALKOUT: THE OVERVIEW; U.S. AND ISRAELIS QUIT RACISM TALKS OVER DENUNCIATION

The United States and Israel walked out of the United Nations meeting on racism here tonight, denouncing a condemnation of Israel in a proposed conference declaration and lamenting that a meeting intended to celebrate tolerance and diversity had degenerated into a gathering riven by hate.

South Africa rushed tonight to convene emergency meetings to redraft the declaration and program of action in the hope of averting other walkouts, and a spokesman for the European Union delegation, which also raised concerns, said its diplomats would take part in the efforts to rewrite the draft documents.

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7 Massive Misconceptions

Hemp

Massive Misconceptions #1: The Rule of Law

The rule of law is a hackneyed phrase. It’s one those giant misconceptions usually trotted out by people intent on proving how richer 1st world nations are more better than poorer 2nd and 3rd world nations, or how no one can supposedly get away with crime because we are all equal before the law. Yes, I would prefer to live in a society where disputes can be resolved without resorting to gang-style violence. However, even nations with the purported rule of law still have deal with gang problems – and they do this by centralizing power all under one roof, claiming a monopoly on violence and calling it “Government”. When you replace lots of smaller gangs with one bigger gang, it is doubtful you have increased your safety or freedom at all; in fact, in many ways, you have decreased it, since you have created a organization with the power to enslave you on a far grander scale.

A Good Idea!

THIS INVENTOR JUST SOLVED THE ECONOMIC CRISIS AND THE CENTRAL BANKERS ARE FURIOUS! I LOVE THIS IDEA! Someone said good bye bitcoin, I've been against bit coin but I like the idea of using this in concert with bit coin. My problem with bit coin is it is just transferring one fiat for another. But if bitcoin is used just for transfer and not a unit of account then, I like it.

 

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An Economy For THE 1 %

Hemp

How privilege and power in the economy drive extreme inequality and how this can be stopped

The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. Power and privilege is being used to skew the economic system to increase the gap between the richest and the rest. A global network of tax havens further enables the richest individuals to hide $7.6 trillion. The fight against poverty will not be won until the inequality crisis is tackled.

 

 

Want to know more : An Economy For THE 1 %

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