Australian Politics Forum

Australian Politics Forum
http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> General Board >> The Digital Currency http://www.ozpolitic.com/forum/YaBB.pl?num=1373147579 Message started by Greens_Win on Jul 7^th, 2013 at 7:52am

Title: The Digital Currency
Post by Greens_Win on Jul 7^th, 2013 at 7:52am

Bitcoins, litecoins, worldcoins, chinacoins, etc etc

Decentralised cryptocurrency that enables instant payments to anyone in the world.

Production of new virtual coins are controlled mathematically, with a limit on the maximum number than can eventually exist. (some have no limits)

All these digital currencies are good for are to shop on the silk road, avoid taxes, and undermine the financial credibility of nation states ... and now to avoid cyprus decisions and bad future Australian conservative treasurers.

Is this the start of the democratic revolution of earth where borders will soon crumble.

Are people investing in superfunds, financial shares, and banking cash for a rainy day walking blind into a massive loss?

Is our currency really that safe?

274118841.jpg (10 KB | 28 )

Title: Re: The Digital Currency
Post by pansi1951 on Jul 7^th, 2013 at 10:23am

I was looking into bitcoins a while back, but I'm sure the world bank and their evil associates will find some way to sabotage them if they start taking hold.

Alternative currencies will replace individual currencies, but there will be some teething problems at first, but overall, it's a great idea and had to happen in light of Wall Street and Greed Inc.

Title: Re: The Digital Currency
Post by thelastnail on Jul 7^th, 2013 at 5:37pm

Ex Dame Pansi wrote on Jul 7^th, 2013 at 10:23am:

what no interest on printed money with no intrinsic value !!!!

that would be a first !!

Title: Re: The Digital Currency
Post by pansi1951 on Jul 8^th, 2013 at 6:06am

Sir lastnail wrote on Jul 7^th, 2013 at 5:37pm:

Ex Dame Pansi wrote on Jul 7^th, 2013 at 10:23am:

what no interest on printed money with no intrinsic value !!!!

that would be a first !!

Ha! Clayton's money, the money you have when you have no money.

I'm all for cutting out the middle men every time I make a transaction.

Title: Re: The Digital Currency
Post by Spot of Borg on Jul 8^th, 2013 at 6:11am

The middle men arent going to let you do it though. Even if it means putting GST on everything on ebay @ a cost of billions in paperwork etc . .. .

SOB

Title: Re: The Digital Currency
Post by Andrei.Hicks on Jul 8^th, 2013 at 6:15am

Fking hell 6.10am in Australia and only 1 post from Spot.
He's usually filled the 10 most recent posts by now.

Spot must have slept through his 4.30am alarm....