26 Oct '14, 4pm

HIDDEN CONSPIRACY: #BITCOIN Is it real money?

HIDDEN CONSPIRACY: #BITCOIN Is it real money?

To go a bit further, is Bitcoin really the equivalent of a squished-up ham sandwich? Bitcoins don’t actually contain any ham. They are claims that a person hopes to trade – though they represent nothing tangible – for a ham sandwich. The hope is that the ham sandwich trader will perceive the risk of state theft also and agree to hold value in nothingness, so that his value can’t be stolen by vigilant Leviathan during the process of storing and transferring wealth used to buy and sell ham sandwiches. So, there needs to be a universally accepted disconnect of tangible value during transactions and between transactions (savings) in order for bitcoin to be viable in the long term. An understood suspension of real goods-for-goods must happen every time a money transaction occurs, with pretty much the sole intent being of avoiding state predations that may intervene in those tra...

Full article: http://chriswick.blogspot.com/2014/10/bitcoin-is-it-real-...

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