Humm … Bitcoin?
Okay, I’m gonna be honest with you and admit that I’ve barely figured out PayPal, so Bitcoin makes my head hurt. I read wiki about it and some stuff from the FBI. Basically, I know enough to know that I need to learn more about it if I ever decide to do illegal crap. Otherwise, knowing as much about it as I do about Chinese algebra will do just fine.
What got me interested was when I read this about Steve Stockman.
Rep. Steve Stockman, R-Texas, who is mounting an insurgent bid against Sen. John Cornyn, R-Texas, in the 2014 Texas Republican Senate primary, is now accepting the virtual currency known as Bitcoin for campaign donations, Business Insider reports.
Well, I figured he was accepting Confederate Dollars but I didn’t know about this bitcoin stuff.
And on the same day of Stockman’s announcement, there was this —
FBI claims largest Bitcoin seizure after arrest of alleged Silk Road founder.
Silk Road used Bitcoins to let users pay for drugs – but now police have arrested Ross William Ulbricht, who they say is ‘Dread Pirate Roberts’, the owner and operator of secret online marketplace.
Okay, think about it. This kinda explains his erratic behavior and that campaign headquarters/meth lab.
And, of course, Stockman says it’s about … wait for it … freedom.
“I really think digital currency’s more about freedom,” he explained in a YouTube video alongside Bitcoin Center founder Nick Spanos, a real estate developer. “Because all the time people are trying to get in your pocket, trying to do different things to control you. And if you have your own wealth, and control your own wealth, it’s about freedom, it’s not about anything other than that really. Freedom to choose what you do with your money, and freedom to keep your money without people influencing it by printing money or through regulation.”
Yeah, it’s not about ripping people off with a volatile currency. It’s not even about untraceable campaign donations. And it certainly isn’t about being able to track what Stockman spends that money on. It’s about freedom.
Thanks to everybody for the heads up.
Whew. Freedom. I was wondering what the point was. Myself, I figure we can make up our own currency by writing a note on a piece of brown paper bag that says I WILL LET YOU USE MY VACUUM CLEANER IF YOU WILL LET ME USE YOUR LAWN MOWER or something like that. That’s currency, isn’t it? Long as somebody will accept it. True story: back a million years ago there were old folks who would cut out a piece of brown paper bag and write a check on it and the bank would accept it.
1So now they can add an imaginary currency to their imaginary version of the Bible and their rewrite of the Constitution. All they really need now is a ticking crocodile and their new universe is complete.
2When I think Bitcoins I also think, Beaniebabies it seems to me the value is what people place on it. With nothing else to back it up.
Make sense now?
BTW aren’t the Stockman types those that believe in the gold standard?? Makes you kind of wonder, no??
3I’ve got some belly button lint I’d gladly donate to Stockman’s campaign.
4I’m glad he’s accepting bitcoins. Now I’m waiting for him to change his name to the Dread Pirate Stockman.
One thing at a time.
5Can we just go back to our caves now?
6Stockyard Steve should create his on coin by imprinting his face on cow Gohmert. His printing press will work at the speed with which he face plants into those piles.
7Yes, it’s about Steve Stockman’s freedom to do illegal things all day long and make money at it and no one can do squat about it. See also Phil Gramm and UBS; wonder how that’s all working out, btw?
8I am sure you realize, PKM, that your use of Gohmert and the frequency of it will now place you in the top tiers of search engines for Gohmert. Evil, evil and clever too. Moderators will be a bit more busy but hey, exposure to a form of intelligence and wit may help some of the visitors here.
9Didn’t the Founding Fathers use Bitcoins? That’s next.
10This is ALL about the underground economy. Bitcoin is the new way to circumvent currency laws and transferring wealth without observation from one jurisdiction to another.
They are hypos. Advocating a gold standard while hiding replacement fiat currency from public view.
11A fake currency for a fake candidate
12BitCoin – A New Currency or a New Scam?
http://www.newswithviews.com/Barnewall/marilyn196.htm
13Carol asked:
BTW aren’t the Stockman types those that believe in the gold standard?? Makes you kind of wonder, no??
_____
Yeah, you’d think Stockman would be riding the goldbuggery train with Ron Paul, and would stay as far away fro Bitcoin as possible — after all, what’s more fundamentally a fiat currency that Bitcoin?
14Congressman Steve Stockman is the gift that just keeps on giving. As fill-in for Hot-tub Tom, Pete Olson just ain’t that much fun to kick around. Stockman on the other hand, Gets My Goat:http://liquiddaddy.blogspot.com/
15I wonder if I could interest The Michigan Carpetbagger in some tulip bulbs?
16Any money system headed by somebody who calls himself Dread Pirate is not worth the coin its bitten on.
17Srockman’s like a slinky toy, completely useless, but fun to push down stairs
18Stevie the Non-Wonder is about as smart of Ulbricht. The FBI was able to trace Ulbricht throughout the internet cuz one day he actually ordered some clothes on line (I think it was underwear) and revealed his real name. His operation was so sophisticated that the FBI actually went to a computer at the public library, the kind you can sign up to use for a half hour, and downloaded everything incriminating about Ulbricht onto a flash drive. Stevie is probably going down just as hard!!!
19Sounds appropriate. He has a virtual brain, so virtual money……
20I don’t guess I understand. Seems to me bitcoins, like gold, are only worth whatever someone with real cash money is willing to pay you for it. Is that correct?
21That last sentence suggests to me that you be funnin’ us about yer “ignerunce” of bitcoin. It takes smarts to know that bitcoin is as bouncy as Sarah’s rack.
22Sounds like Texas needs a law requiring that all Repub politicians be paid in bitcoins.
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