OT: Ray, how's your Bitcoin investment going?

[jlwdm]

It is interesting to go back and read the the two bitcoin threads from April and May. The first thing to note is do not take financial advice from a bike forum.

Bitcoins are volatile and who knows where they will go from here, but they have gone up 10 times since April.

The Winklevoss twins are up $100m since this thread if they are still holding.

Virgin Galactic will accept bitcoins for space travel and someone just bought a Tesla S with bitcoins. No real risk as the sellers immediately lock in a price for the bitcoins.

Jeff

[Louis]

Buy low, sell high.

[jpw]

but who is satoshi nakamoto? 'he' mined straight the first several hundred thousand bitcoins, and holds a position to move the market, up or down.

the bitcoin hash was created by the NSA.

China is not stupid.

[Germany_chris]

I was going to chime in and say they hit $1000 but looks like that's been done

[Fishbike]

Rather invest in silver Campy. . .

[Ahneida Ride]

Congress has relinquished is fiduciary responsibility to a private corporation.
It return, it gets all the funding it needs via a back door method.
The private corporation gets to create $ outa thin air and charge interest
on nothing. The subsidiaries of the private corporation (commercial banks)
can then the practice the Ponzi Scheme of "fractional reserve" knowing that
the private corporation is there is bail em out.

We the people looses about 6% per year of our purchasing power.
This fed reserve dilution tax is the most pernicious tax of all.
We now rent out homes, cars and educations from banks.

Since this private bank controls our nations money supply, It
controls the politicians.

-----------------

"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

"Whoever controls the volume of money in any country is absolute master of all industry and commerce." — James A. Garfield, President of the United States

"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance.
The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President.

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." — James Madison

"People who will not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan." — THOMAS A. EDISON

and finally ....

The last President to circumvent the fed, issuing United States Notes ,was the Honorable John Fitzgerald Kennedy.

[oldpotatoe]

Originally Posted by Ahneida Ride

Actually frns = bitcons..

almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.

We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.


frn = non federal non reserve non note

The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.

It has no reserves ...

It's notes do not specify the terms of redemption, hence are NOT notes.

Big sigh, again. I'm sure there are places you could go where you are not so compelled to live under the mighty thumb of the US Government or the Federal Reserve bank.

Barter, like Alaska, I'm sure you could sell your tape for a trapped critter of some sort...

Everytime I see one of your posts I think of..

Closet anarchist or a star of 'Doomsday Preppers'.

[Fishbike]

Originally Posted by oldpotatoe

Big sigh, again. I'm sure there are places you could go where you are not so compelled to live under the mighty thumb of the US Government or the Federal Reserve bank.

Barter, like Alaska, I'm sure you could sell your tape for a trapped critter of some sort...

And then make more tape out of said critter. . . .

[T.J.]

Originally Posted by Fishbike

And then make more tape out of said critter. . . .

Beaver Pelt Bar Tape

[akelman]

Ray, I know that Louis baited you with this thread, and I'm sorry he did that. Everyone here, including me, appreciates all that you do for this place. As I've said before, thank you. That said, the Rothschilds? The money changers?

[Wilkinson4]

The gods of money… Anybody see this news story from a few days ago

http://news.cnet.com/8301-11386_3-57614038-76/uk-man-tries-to-retrieve-$7.5-million-in-bitcoins-from-dump/

mIKE

[cfox]

Originally Posted by akelman

Ray, I know that Louis baited you with this thread, and I'm sorry he did that. Everyone here, including me, appreciates all that you do for this place. As I've said before, thank you. That said, the Rothschilds? The money changers?

this surprises you? ill-informed internet rants about the Fed/banking are almost always peppered with either subtle or overt anti-semtism.

[ckamp]

Originally Posted by oldpotatoe

Everytime I see one of your posts I think of..
Closet anarchist or a star of 'Doomsday Preppers'.

+1 or even:

"I'm Finding BitCOINS"

[54ny77]

those stupid currency rants are tiresome on this place, a BIKE forum, and the guy hypes and sells his handlebar tape in exchange for the much maligned "frn."

how do you spell h-y-p-o-c-r-i-s-y?

does being an admin allow one to do this kind of crap, on so many threads? if a regular user did this, they'd probably be asked to take a time out.

the worst example was this thread. so inappropriate: http://forums.thepaceline.net/showthread.php?t=139187

unfortunately the forum software does not allow putting an admin on "ignore" so as to hide their posts from viewing. sure would be a nice fix.

[#campyuserftw]

Bitcoin is the latest funny money:

http://www.latimes.com/business/hilt...#axzz2mplLLFNo

http://www.aljazeera.com/indepth/fea...950323990.html

http://www.bloomberg.com/news/2013-1...china-ban.html

I think our Federal Reserve is a joke. I believe Cubits will take over, once again:

Battlestar Galactica - Cubits
South Park - Parshon (space of cash)
The Flintstones - Clam
My Little Pony - Jangles
Bladerunner - Chin-Yen
Legend of Zelda - Rupee
Star Wars - Galactic Credit Standard
Star Trek - Federation Credit