🚀 go-pugleaf

Ahem A Rivet's Shot <ste...@eircom.net> wrote:
> On Wed, 07 Feb 2018 12:52:19 -0600
> JimP <solo...@gmail.com> wrote:
> 
>> On 7 Feb 2018 15:07:24 GMT, jmfbahciv <See....@aol.com> wrote:
>> 
>>> meaty...@gmail.com wrote:
>>>> 
>>>>>> 
>>>>>> Bitcoins are wonderful for anyone engaged in illegal business,
>>>>>> p@rn, arms trading, drugs, human trafficing, etc. For other stuff
>>>>>> I'll stick to $.
>>>>>> 
>>>>> But there's no way to cash it in unless one can find someone who is
>>>>> willing to buy the bitcoins for government-backed currency.  It's
>>>>> almost like a pyramid scheme.
>>>>> 
>>>>> /BAH
>>>> 
>>>> yeah but i dont buy dollars with bitcoins to buy video games, i just
>>>> buy
>>>> the games with bitcoin, you see? Also it costs money to create bitcoins,
>>>> so according to what philosophy you subscribe to, they may have value.
>>> 
>>> Buying games, etc. with bitcoin is fine until the sellers believe that
>>> bitcoin is worthy so they can use it to pay for stuff, e.g., paychecks,
>>> infrastructure, etc.  this is all about emotion, not logic.  US states
>>> had their own currencies until things became extremely messy.  Then
>>> the dollar was invented and came under the jurisdiction of the Federal
>>> government.
>>> 
>>> I miss Morten.  At this point he would give us a tutorial about
>>> currencies and their relationship to economies, politics, etc.
>>> He never talked about bitcoins.
>>> 
>>> /BAH
>> 
>> I trust bitcoins far less than I trust the fiat money I get paid in by
>> the US government.
> 
> 	You can't pay taxes in bitcoin, therefore it isn't money.
> 

Sounds like the tail end of the Roman Empire. You couldn't pay taxes with
the coinage they issued. Taxes had to be paid in gold (IIRC).

-- 
Pete