Ron Paul: Bitcoin could 'destroy the dollar' - GoFuckYourself.com

wehateporn · 12-13-2013, 03:49 AM

Full story http://money.cnn.com/2013/12/04/tech...ian/index.html

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used -- some have high hopes.

"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

It's unlikely that Bitcoin would replace the dollar or other government-controlled currencies. But it could serve as a kind of universal alternative currency that is accepted everywhere around the globe. Concerned about the dollar's inflation? Just move your cash to bitcoins and use them to pay your bills instead. Tired of hefty credit card fees? Bitcoin allows transactions that bypass banks. "

Story continued http://money.cnn.com/2013/12/04/tech...ian/index.html

mozadek · 12-13-2013, 03:52 AM

lol, that senile old man is at it again.

DWB · 12-13-2013, 04:14 AM

Curious to see how this all plays out. I still think they will put the squeeze on the exchangers and the banks they use if it picks up too much mainstream steam. Then again, the Chinese are not allowed to cash out into currency and only use it for digital purchases, and it's booming there, so who knows?

pimpmaster9000 · 12-13-2013, 04:30 AM

it would be good for the world for step away from the dollar...the USA is only 5% of the worlds population but exports its inflation by printing dollars and basically manipulating other countries in to debt and enforcing its politics by war...

bitcoin will not be the new currency but the whole world is growing tired of the US gov-s honest business practices...

Buff · 12-13-2013, 04:50 AM

Quote:

Originally Posted by mozadek

lol, that senile old man is at it again.

You slurped Obama's cock or Romney's cock?

seeandsee · 12-13-2013, 04:50 AM

Yeah right, if USA dont like it, they will shut it down

Paul · 12-13-2013, 05:43 AM

Quote:

Originally Posted by DWB

Curious to see how this all plays out. I still think they will put the squeeze on the exchangers and the banks they use if it picks up too much mainstream steam. Then again, the Chinese are not allowed to cash out into currency and only use it for digital purchases, and it's booming there, so who knows?

America & China have classified Bitcoin completely differently!

The Chinese have classified Bitcoin as a commodity and they've stated it can't be used as a currency and The Americans have classified Bitcoin as a currency

In the west Bitcoin may gain more traction as a currency through transactions with sites like Bitpay while in the east it'll be traded as a commodity.

Imagine 6 months ago telling people Bitcoin would reach over $1000 each by the end of 2013, anyone care to make a prediction for the price at the end of 2014?

Rontagosh · 12-16-2013, 04:41 PM

Don't make stupid people famous (or infamous for that matter) OP.

crockett · 12-16-2013, 05:05 PM

Wait is he for it or against it? Seems like he should be supporting it if he really believes his libertarian non sense.. He should want to support free market.

happyending · 12-16-2013, 05:18 PM

Just like TV 'destroyed' Radio

or

Just like the Euro 'destroyed' other currencies...NOT

KevinMoxyMedia · 12-17-2013, 06:52 PM

I hope it does, inflation is such a scam

XXXHangover · 12-18-2013, 09:18 AM

Dollar, what was dollar anyway?

12-13-2013, 03:49 AM	#1
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	Ron Paul: Bitcoin could 'destroy the dollar' Full story http://money.cnn.com/2013/12/04/tech...ian/index.html "Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow. The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used -- some have high hopes. "There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added. It's unlikely that Bitcoin would replace the dollar or other government-controlled currencies. But it could serve as a kind of universal alternative currency that is accepted everywhere around the globe. Concerned about the dollar's inflation? Just move your cash to bitcoins and use them to pay your bills instead. Tired of hefty credit card fees? Bitcoin allows transactions that bypass banks. " Story continued http://money.cnn.com/2013/12/04/tech...ian/index.html __________________ Sexy Girls Teasing

12-13-2013, 04:50 AM	#6
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Yeah right, if USA dont like it, they will shut it down __________________ BUY MY SIG - 50$/Year Contact here

12-16-2013, 04:41 PM	#8
Rontagosh Registered User Industry Role: Join Date: Aug 2011 Posts: 28	Don't make stupid people famous (or infamous for that matter) OP. __________________ Busters Network Linkspun: rontagosh/emoporntube

12-16-2013, 05:05 PM	#9
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Wait is he for it or against it? Seems like he should be supporting it if he really believes his libertarian non sense.. He should want to support free market. __________________ In November, you can vote for America's next president or its first dictator.

12-16-2013, 05:18 PM	#10
happyending Confirmed User Industry Role: Join Date: Feb 2013 Location: West Vancouver Posts: 137	Radio TV Just like TV 'destroyed' Radio or Just like the Euro 'destroyed' other currencies...NOT

12-13-2013, 03:52 AM	#2
mozadek Confirmed User Join Date: Feb 2008 Posts: 1,325	lol, that senile old man is at it again.

12-13-2013, 04:14 AM	#3
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Curious to see how this all plays out. I still think they will put the squeeze on the exchangers and the banks they use if it picks up too much mainstream steam. Then again, the Chinese are not allowed to cash out into currency and only use it for digital purchases, and it's booming there, so who knows?

12-13-2013, 04:30 AM	#4
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	it would be good for the world for step away from the dollar...the USA is only 5% of the worlds population but exports its inflation by printing dollars and basically manipulating other countries in to debt and enforcing its politics by war... bitcoin will not be the new currency but the whole world is growing tired of the US gov-s honest business practices...

12-17-2013, 06:52 PM	#11
KevinMoxyMedia Registered User Industry Role: Join Date: Oct 2012 Posts: 25	I hope it does, inflation is such a scam

12-18-2013, 09:18 AM	#12
XXXHangover Registered User Industry Role: Join Date: Nov 2013 Posts: 34	Dollar, what was dollar anyway?