Forum Post: Take Individual Action
Posted 13 years ago on Oct. 12, 2011, 10:28 p.m. EST by maxkoda
(52)
This content is user submitted and not an official statement
Dump the U.S. Dollar and start using the people's money called Bitcoin! If you don't understand how the Federal Reserve and Banker's are screwing us read a book called "The Creature from Jekyll Island". It will explain, in understandable detail, the type of fraud committed using fractional reserve banking supported by politicians and bankers (not possible under Bitcoin). If you start using Bitcoin you are taking individual action towards changing our corrupt system. Stop asking others to take action for you! Take personal action and start using Bitcoin now! Spread the word about bitcoin now!
buy gold silver copper and nickels
Bitcoin is a scam!
No it is not! The Federal Reserve Note is a scam!
What backs up bitcoin? Is it like a timebank?
To learn about bitcoin go to:
http://www.youtube.com/watch?v=Um63OQz3bjo and: http://bitcoin.org
An interesting and informative video can be seen here: http://www.youtube.com/watch?feature=player_embedded&v=oBN9p1qemMA
I am a businessman. (Wait for it....Don't hate yet) I am positive that dumping the dollar right now would be the most dangerous thing we could do. Destabilizing our economy further should NOT be a goal of this movement because it would only hurt the very people we want to help.
Unfortunately we all need to own up to the fact that we manipulate other currencies and do other bad things to other countries and they would jump at the chance to kick us while we were down. We need to be patient - vent but don't destroy - build!
I don't believe that the world would dump the U.S. Dollar in favor of Bitcoin in one single step and destabilize our economy. I do believe that the natural replacement of the dollar with a sound currency such as Bitcoin, as the people wake up to the fraud of the U.S. Dollar, would be the best possible scenario for our economy.
If you let the fraud continue, the destabilization we have seen since 2007 will only accelerate and be amplified because the entire system is bankrupt (dead) we just have not reached agreement of the real diagnosis. So let's start educating people and urge them to eradicate the cancer (U.S. Dollar and other corrupt fiat currencies worldwide) and start taking the cure (Bitcoin) as soon as possible! Our time is running short! We don't have to ask anyone for permission, we only need to take individual action! Do so now!
if we all start trading with bitcoin, it really takes the rug out from the whole financial/government establishment. As soon as we stop using "their" money, they lose their power. Let's build an economy that is outside their sphere of influence.
who cares if the government bails out corporations with trillions of $ if you and your community don't use $. Try to earn money in bitcoins. try to offer goods and services for bitcoins. make the FED irrelevant! The can't print bitcoin and they can't stop it.
practice agorism.
Exactly, new currency to replace government currency (due to their constant debasement of it) is needed, but first we need is a comprehensive strategy, and related candidate, that implements all our demands at the same time, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted a 1-page Summary of the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to be 1 of 100,000 people needed to support a Presidential Candidate – such as myself – at AmericansElect.org in support of the above bank-focused platform.
I thought that bitcoin went down in a scandal with people's money in tow. Maybe not, but it's controversial.
http://www.fastcompany.com/1760895/bitcoin-digital-currency-scam-or-future-of-money
Security is always an issue when one desires to protect one's wealth. Human nature is prone to theft and Bitcoin is not immune. Bitcoin is a whole new concept (digital crypto currency) that the majority of people do not understand and requires a level of knowledge and discipline that will need to be learned. New software tools (to be developed) will help with this - to make it easier. However, I do not believe that Bitcoin or any other currency system will be immune to theft. People rob banks and steal money but that is not the fault of the currency system it is human nature and security (or lack of adequate security) that is the issue here.
There was a big bitcoin ripoff recently. I was interested in getting involved in Bitcoin but from what I've seen so far, I'm not convinced it is safe or useful.
It's a good idea, though.
Did you know Paypal's founder, who is a hardcore libertarian, really had intentions of developing Paypal into some kind of alternative currency system?
Yes theft can happen with the soundest of currencies. It's not the fault of the currency but the human executing the theft. Unfortunately, Bitcoin will not solve the problem of humans conducting theft.
You do need to understand the system and how to protect yourself with any currency system.
Gold, silver, and copper are great but any real commodity will work. Currency is nothing more than a representation of commodities or services that it can buy. True trade can be done with anything of value to the party that you are looking to purchase something from. Barter if you have to. I'm all about stopping using the fiat currency that is doing nothing but making us poorer and allowing the government steal from us and give to the rich.
Post up links so people can educate themselves about it. Right now, your post doesn't really accomplish much.
If you can point to debates on sites like Debate.org that discuss the issue, that would be even better.
Good point:
Bitcoin is a new digital crypto-currency that is in the early stages of its evolution and as a result has some risk associated with it. Do your own research and come to your own conclusions. Adopting a currency like Bitcoin offers the individual the opportunity to take individual action, to take back control of one's own money without asking for permission to act.
Here are a few links to get you started in your research:
http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/
another good article:
http://falkvinge.net/2011/06/16/bitcoins-four-drivers-part-one-unlawful-trade/
bit coin is worse then the dollar, a fiat you cant even see or touch,
we need sound money! gold silver and copper
What makes gold, silver, and copper sound money? Is it because they can not be created out of "thin-air" like the U.S. Dollar and other fiat currencies? Well the same can be said for Bitcoin. However, Bitcoin has advantages that physical commodities do not (fast digital transactions, anonymity (hard to plunder), limited supply (no more than 21 million will ever exist)).
Don't get me wrong, gold, silver, and copper are valuable commodities. They are just not as convenient for use as a currency in this digital economy.
actually, the anonymity you speak of is very limited, if any. also it depends on us always having power, and internet.
Do you believe that the U.S. Dollar (Federal Reserve Note) is superior to the Bitcoin Model?
Anonymity is not free you have to work for it.
yes, I can truely transfer it anonymously, with money gram or western union, or through banks
money gram, western union, and all banks are under FinCEN regulation. Another source of information can be found at: http://www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdf
From that document:
Why is my financial institution asking me for identification and personal information?
Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 con- ducted by, or on behalf of, one person, as well as mul- tiple currency transactions that aggregate to be over $10,000 in a single day. These transactions are reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime. To comply with this law, financial institutions must obtain per- sonal identification information about the individual conducting the transaction such as a Social Security number as well as a driver’s license or other govern- ment issued document. This requirement applies whether the individual conducting the transaction has an account relationship with the institution or not.
There is no general prohibition against handling large amounts of currency and the filing of a CTR is required regardless of the reasons for the currency transaction. The financial institution collects this information in a manner consistent with a customer’s right to financial privacy.
Specifically:
FinCEN Form 104 Currency Transaction Report (CTR): A CTR must be filed for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through or to a financial institution, which involves a transaction in currency of more than $10,000. Multiple currency transactions must be treated as a single transaction if the financial institution has knowledge that: (a) they are conducted by or on behalf of the same person; and, (b) they result in cash received or disbursed by the financial institution of more than $10,000. (31 CFR 103.22)
So you can NOT legally make the transactions you speak of without violating FinCEN.
You can not transmit >= $10,000.00/day via a US Bank without violating the Bank Secrecy Act http://en.wikipedia.org/wiki/Bank_Secrecy_Act
Money laundering laws prevent such anonymous transfers. So no you can not make such transfers anonymously!
I don't think so. If I needed you to transfer me $10,000.00 USD, no bank would perform that anonymously!
You also have big brother increasing his power over you: http://www.sott.net/articles/show/236218-Cash-Transactions-Banned-by-Louisiana-Government-Takes-Private-Property-Without-Due-Process
Good luck with any state controlled system helping you to preserve your anonymity!
like I said; bitcoin is not truely anonymous, numbers are always linked and can always be traced back by government
Educate yourself man! Then come and talk to me!
I have, now you go educate yourself.
Transactions in the Bitcoin block chain are transparent and traceable from one bitcoin address to another. That is by design. However, there is no direct linkage to a human identity. There are practices and procedures that can be utilized with Bitcoin to approach (what I think you mean by "truely anonymous"). Scientifically, no system is 100% anonymous and anonymity only comes via hard work.
So it is difficult to respond to your statement. I think that you are unable to consider Bitcoin objectively and dismiss it using ambiguity!
actually gold and silver are 100% anonymous
I love it!