$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years

$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years | Hacker News

$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years

> Once Bitcoin use is wide spread, the people in favor of the wars will no longer be able to force the people against the wars to pay for them. Yes they can. First of all, nobody keeps all of their assets in fiat currency. Most people have houses, cars, and other valuable property that could be physically seized to pay taxes due. Second, the government can use "rubber-hose cryptanalysis" [1] -- if you refuse to pay, threaten to prosecute and jail you (or for more oppressive governments, torture and kill you). Nonpayment of taxes is certainly something that can send people to jail in the US. (In practice, if you're delinquent, AFAIK usually they just let you get away with paying back taxes, interest and penalties, and have a procedure where you can set up a payment plan if you can't afford to pay when they're due; prosecution is reserved for more outrageous cases like delib...

Full article: http://news.ycombinator.com/item?id=4342592

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@bitrific » 06 Aug '12, 9am
$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years [link] HN
@MVULENI_T » 05 Aug '12, 9pm
RT @HNTweets: $10k bet that bitcoin will outperform gold/silver/stock by 100x over two years: [link] Comments: [link]
@HNTweets » 05 Aug '12, 9pm
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@HackerNewsFP » 05 Aug '12, 9pm
$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years [link]
@HNComments » 05 Aug '12, 9pm
$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years [link]