Bitcoin: The Sexiest Non-Solution Of All Time?

Tyler Durden's picture

Submitted by Brandon Smith via Alt-Market blog,

A few years back, at the end of 2009, I was approached on two separate occasions by people claiming to be “representatives” of a digital alternative currency format. I was, of course, intrigued by the initial proposal, being that I had been writing for some time on the concept of non-participation as a way to insulate average Americans from the dangers of our unstable fiat driven mainstream economy. Before that, I had already dealt with just about every currency alternative one could imagine; from paper scripts backed by goods, to scripts backed by time or labor, to gold and silver laden currency cards, etc, etc. All of them had the advantage of NOT relying on private Federal Reserve notes, and all of them had flaws as well. The proposed digital script, which the representatives called “Bitcoin”, was no different.

The idea was to recruit my website as a promoter for bitcoin, but I had many questions before I would stick my neck out on a brand new high-tech anti-currency, and most of these question were not answered in any satisfactory manner.

There is no shortage of “solutions” in Liberty Movement circles, but many of these solutions require that we work within the system according to establishment rules (which they can change at any given moment). They assume that the system will abide by some kind of internal code, that our candidates will be treated fairly, that elections will not be rigged, that a better methodology or technology will be acknowledged and eventually adopted, that the “majority” of the public will someday see the light and back our cause, that the elite will not simply decide to put a bullet in our head.

The reality is, if a solution is dependent on a paradigm controlled by the corrupt system you are trying to change, it is no solution at all. Because of this, my focus has always been on methods that separate Americans from reliance on the system as much as possible.

When first confronted with bitcoin activism, I recognized almost immediately that this was NOT a method that operated outside the system, even though it tried very hard to appear that way. It was high-tech, it was sexy (admittedly far sexier in its presentation than gold and silver), and it catered to the egos of the digital generation, the loudest voices in media today. This thing was certainly marketable. However, just because something is highly marketable does not make it a good idea, or a meaningful alternative.

The Tantalizing Allure Of Non-Solutions

When a person invests a sizable amount of capital into an idea, not to mention a sizable amount of philosophical faith, they tend to lose a measure of objectivity. This is not just a struggle for proponents of bitcoin but for proponents of ALL methodologies. I do believe that many bitcoin promoters have the best of intentions, and that they are seeking some way to break from what they understand is a corrupt financial structure. That said, there is an escalating streak of elitism within the bitcoin culture, and I have witnessed on numerous occasions the kind of anger and immediate dismissal the average statist would spew when they are confronted with criticism. If you dare to question the greater details behind Bitcoin, be prepared to be accused of anything from “conspiracy theory”, to “jealousy” for missing the boat on bitcoin profits, to “ignorance” of the genius of cryptography.

What I came to realize through my questions to bitcoin followers was that many of them were not actually involved in the deeper aspects of the Liberty Movement, constitutional activism, sound money, self defense, and so on. Almost none of them had a preparedness plan, few of them had experience with precious metals, none of them owned firearms, and none of them had any inclination towards the building of local networks for mutual aid. Worst of all, many of them had no understanding of the wider threat of economic collapse that America faces today. In fact, when the possibility of full spectrum collapse is brought up, many Bitcoiners actually respond with the same brand of shallow dismissals that one would expect from the Paul Krugman's and Ben Bernanke's of the world.

This reaction is not necessarily shocking. Most people imagine themselves accomplishing heroic feats, and why not? It is one of the more noble and beautiful traits of mankind. For the crypto-engineers of the new century and the digital generation overall, heroics have felt unattainable. Elections are finally being recognized as the sham they represent, while protest activism has fallen flat on its face. The concept of peaceful redress of grievances has been met with rather frightening displays of state violence and censorship to which a physical response for the common protestor is unthinkable. The signs and slogan chants may have inspired the education of some, but in the meantime, they have accomplished very little in terms of political or social change. The bottom line is that the establishment LOVES non-aggression protests – they have no plan, few concrete goals, and present no overt threat to the elite.

The system only grows more despotic, more invasive, and more dangerous. Anti-establishment champions have been searching for something that goes beyond mere “education”, or clamoring like caged monkeys for media attention. They want to storm the castle, they want to fight back, but they haven't the slightest clue how. They desire an intellectual method of combat, something with far less fear, far less risk, and far less pain. Enter Bitcoin.

Bitcoin gives the digital generation the chance to feel heroic where they never could before. They don't have to face the machine head on. They don't have to fight. They don't have to suffer. They don't have to die. All they have to do is utilize some cryptographic wizardry within the supposedly anonymous safety of the web, buy bitcoins en masse, and the system would crumble at their feet, rebuilt in the name of free markets by the electronic commons and without a shot fired. Again, very sexy...

Unfortunately, the real world does not necessarily lend itself to the demands of the digital. The digital world is at the mercy of physical. The real world is rarely sexy; often it is ugly, brutal, hypocritical, illogical, and psychotic. The real world, at times, can break, and when it does the digital will break with it. The digital world is in large part a fantasy supported by the whims of the real. Which leads me to the core failings of the bitcoin adventure...

Bitcoin Theater

We've all heard praises lavished on bitcoin, not only from the web activists but from the mainstream media itself. Establishment controlled outlets like Reuters and Bloomberg have an astonishing number of bitcoin stories per week, and most of these stories paint the crypto-currency in a positive light. We've heard about bitcoin's “unbreakable” cryptography. Its finite supply. The inability to duplicate the currency from thin air. Its rising acceptance in the corporate world. The Cinderella stories of bitcoin investors buying Lamborghinis and New York brownstones. Even Ben Bernanke seems to have a soft spot for bitcoin:

But is bitcoin's rise really all it's cracked up to be? Here are just a few of the problems which lead me to believe the digital currency is ultimately a clever distraction.

Who really started Bitcoin?

One of my first questions to bitcoin representatives back in 2009 was WHO, exactly, founded the operation? Well, Satoshi Nakamodo, everyone knows that, right? But who the hell is Satoshi Nakamodo? Who is the original designer of bitcoin? Who holds the foundational key to the structure of bitcoin's cryptography? Is Nakamodo a person, or a group? Why should we trust him, or them, to safeguard our wealth any more than the Federal Reserve? The fact is no one except maybe Gavin Andresen, the chief scientist at the Bitcoin Foundation, knows who is behind the digital currency. We actually know more about the banking elites behind the Fed than we do about the founders of bitcoin.

The common response to this concern is to suggest that it doesn't really matter, bitcoin is secure, it is open source, it is cryptography's holy grail, the creators are protecting their identities against retribution from the establishment, and the excuses go on...

I'm sorry, but this attitude constitutes an act of blind faith in a currency mechanism, which is exactly what proponents of the dollar are guilty of. If an activist individual or group is going to offer a solution to the movement, then they had better be willing to take the risk of being personally available to the movement. If you don't have the balls to show your face to help legitimize your idea, I can't take your idea seriously. Maybe I'm just old fashioned...

For all we know, bitcoin is a creation of the establishment, not a creation countering the establishment.  After all, the globalists WANT the destruction of the dollar - why not let the public destroy the dollar using a mechanism that ultimately does not represent a threat to the greater bankster cartel?

The Media Love Affair With Bitcoin

During the first and second Ron Paul campaigns, the mainstream media made a blatant and obvious effort to purposely ignore the candidate, his arguments, and his successes. Coverage was next to nil. His expansive crowds of supporters were edited out of news footage. His high polling numbers were censored. If not for the independent media, you wouldn't have known the guy existed. When someone or something presents a legitimate threat to the establishment, the establishment's first tactic is to make sure no one knows.

Bitcoin, on the other hand, has received a steady flow of positive media attention, with the random critical piece thrown in for good measure. Overall, the establishment has embraced, if not directly fueled, the bitcoin trend. This is rather surprising to me considering the “destroyer of the dollar” has only been around for four years.

When an anti-establishment vehicle suddenly becomes the center focus of establishment affections, and when globalist monsters like Ben Bernanke throw flower petals in its path, I have to wonder if Bitcoin is a real threat, or just a ruse.

Bitcoins Can Indeed Be Confiscated

Some of the early hype surrounding Bitcoin claimed that the currency could not be confiscated, making it “better than gold” (the better than gold motto has been widely espoused by Gavin Andresen). This claim turned out to be false when the FBI became the holder of the world's LARGEST Bitcoin wallet:

I find arguments that this is only a temporary condition and that the feds will eventually auction off their holdings a bit laughable, but indicative of the denial inherent in Bitcoin culture.

Bitcoin Values Can Be Manipulated

Another claim heard was the assertion that bitcoins cannot be created out of thin air, they must be “mined” using powerful computers, which removes centralized manipulation of value. This may be true in certain respects (for now), but anything digital can be exploited in one way or another.

Bitcoin malware, for instance, hijacks the computers of unwitting people and uses them to artificially “mine” the currency.

The bitcoins mined are then transferred into the hands of anonymous hackers. This represents a serious threat to the stability of bitcoin because it creates an invasive form of attack speculation. Bitcoins can be removed from the market and deliberately hoarded. Hackers, or governments could conceivably kill bitcoin by mining a large portion of them out of circulation, artificially hyperinflating the value of the remaining coins (like a speculator would do with commodities), or dumping a large portion and abruptly cutting the value. Major bitcoin hoarders could use their massive bitcoin stakes to shift values at will. As long a Bitcoin operates on supply and demand, it can be threatened through speculation like ay other commodity (if you consider digitized numbers floating around the web a commodity).

Bitcoin Is Not Private

While bitcoins can apparently be stolen or criminally mined by anonymous persons or organizations, honest users are subject to considerable scrutiny. A disturbing aspect of bitcoin is the group surveillance that goes into tracing transactions, otherwise known as the “proof of work system”. The bitcoin network is constantly dependent on decoders who track and verify bitcoin trades in order to ensure that the same bitcoins are not used during multiple trades or purchases. Anyone with the desire could decode the transaction history of the network, or “block chain”, including governments. Though Bitcoiners are considered “partially anonymous”, tracking the individual identity of a bitcoin trade is not difficult for entities such as the NSA because every transaction leaves a digital trail..

The use of anonymising browsers like Tor also have not produced the kind of privacy that was promised when bitcoin was introduced.

This is exactly the kind of currency system global bankers have sought for some time - total information awareness of all financial transactions and purchases within the system. While bitcoin proponents claim that their currency is a revolution against centralized oversight of monetary transactions, the truth is they have built the perfect centralized surveillance solution. Paper dollar purchases are difficult to trace. Gold, silver, and barter purchases are nearly impossible to track. Bitcoin, though, is the most traceable form of currency on the planet, and this is basically REQUIRED by the network itself. The entire trade history of every bitcoin is recorded. The digital landscape is the ultimate form of privacy invasion, especially for the likes of super computer wielding agencies like the NSA. Bitcoin aids the development of this intrusive system.

Bitcoin Relies On The Continued Survival Of The Open Web

Yes, bitcoins can be stored on physical wallet devices, but the majority portion of bitcoin trading and bitcoin mining requires the continued operation of the web. The internet is NOT a creative commons, as many believe. It is in fact a controlled networking system that we have simply been allowed to use. The exposure by Edward Snowden of NSA activities has proven once and for all that nothing you do on the web is private. Everything is tracked and recorded. Period.

Web access can also be easily denied by governments, and power centers around the globe have been utilizing this option more and more. During a national crisis, whether real or engineered, the continued function of the internet as we know it is not guaranteed. A currency relying on a government dominated internet is not truly independent. A grid down situation would also make bitcoin stores virtually useless.

The Suspicious Nature Of Bitcoin

Bitcoin is consistently touted as a superior option to precious metals as a way to decouple from central bank fiat. Under examination, though, it appears to me that bitcoin is instead a deliberate distraction away from gold and silver, and other tangible solutions; in other words, I believe it to be a form of controlled opposition.

A vital aspect of physical gold and silver investment is not only to break from the dollar, but to also remove physical metal from the system and starve international banks that issue millions of fraudulent unbacked paper certificates. The strategy, which I still stand by, is for the public to absorb as much of the precious metals market as possible until manipulators like JP Morgan finally have to admit that they don't have the coins and bars to back all the fake ETF's they have been issuing investors for years. In the process, we decouple from the dollar AND do damage to the banking cartel itself. The bitcoin fad, in my opinion, is designed to lure the public away from overtaking the metals market while banks and foreign governments vacuum up remaining physical in preparation for a dollar collapse.

Bitcoin's market value is not only extremely volatile, the currency is also subject to replacement at any time. Anyone with an interest can create a cryptocurrency. There is nothing particularly special about the bitcoin design, and if someone offered a digital currency tomorrow that was truly anonymous, it could quickly supplant bitcoin. Though its cryptography makes it difficult to artificially inflate (again, for now), other digital currencies can still be produced out of thin air. Bitcoiners desperately want to equate cryptography with tangibility, but the truth is that there is no comparison. Physical gold and silver cannot be artificially produced by anyone, anywhere. Digital currencies can be produced at will and hyped like Dutch tulip mania.

The most unsettling aspect of bitcoin, however, is not its distraction away from precious metals. Rather, it is the distraction away from localized solutions. Bitcoin proponents may be searching for decentralization, but they seem to have forgotten the most most important part of the process – localism. The trade of digital mechanisms over impersonal web networks and online marketplaces is not conducive to local economic stability or sustainability. Bitcoin does not encourage people to build local markets, to adopt useful trade skills, to prepare for a grid down scenario, or circulate wealth within one's community. Bitcoin only furthers the removal of independence and self sustainability from local economies by fooling activists into thinking that buying things without dollars is enough.

If Americans in particular want to pursue any solution to the threat of globalism or dollar collapse, they are going to have to start with themselves, and the community around them. Online trade is the last thing they should be worried about. Only when neighborhoods, towns, and counties become producers and self suppliers will they be safe from financial instability. Only when those same communities band together for mutual aid and self defense will they be safe from tyrannical political entities. Bitcoin accomplishes nothing in either of these categories, making it possibly the most popular non-solution for liberty to date.

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rubiconsolutions's picture

@Fonestar - "Tilt! Tilt! Tilt! Tilt"

CH1's picture

This is Brandon Smith defending his prior statements that people should "ignore Botcoin."

Boris Alatovkrap's picture

Boris is recommending Copper as community currency of token value. But is recommend mine copper from OTHER community if enjoy electronic convenience in own community.

90's Child's picture

I have the worlds biggest open pit copper mine in my back yard no more then ten miles away.

If it wasn't elevated above the city it'd probably be an eyesore.

Boris Alatovkrap's picture

Boris is have bigger hole in backyard:


Bingham open pit is no longer hole because is mountain almost gone.

90's Child's picture

Boris traffic over cheap labor and we'll be back in business.

Cheap labor is justified if benefit Americans.

Boris Alatovkrap's picture

Kennecott is own by Rio Tinto, UK Corporation.

BLOTTO's picture

Bitcoin isnt here to save mankinds fiancial is here to help with its enslavement.


(However, if one can make money on it in the interim...all the power to you)


DoChenRollingBearing's picture



Would the owner of 1B8xPxmHwkaAAzULkVLYiNQthXM1DuMEKt please kindly ID yourself to me via gmail at my name or via comment/delete at my blog so I can send you your BTC back?

If I do not hear from you, I may only send 1/2 of it back to your wallet.


SafelyGraze's picture

if the author of the article is correct, then max keiser is a shill for the global bankers, and rt is not developing its programming for the good of the western world



fonestar's picture

How would Bitcoin enslave humanity?  Face it, if you have no clue what you're talking about don't comment!!!

One World Mafia's picture

Its unsexy roots to the NSA:

Firstly, Bitcoin hash algorithm SHA256 is indisputably NSA designed.

"Most of the time SHA-256 hashes are used, however RIPEMD-160 is also used when a shorter hash is desirable (for example when creating a bitcoin address)."
...and RIPEMD160 appears hackable for NSA exploit

"Prefer conventional discrete-log-based systems over elliptic-curve systems; the latter have constants that the NSA influences when they can." (Bitcoin uses the latter)

fonestar's picture

Most technologies we use in computing and networking are intelligence agency/military in origin.

fuu's picture

I think of this whenever you post on this topic:

Exponere Mendaces's picture

@One World Tinfoil

Bitcoin uses a different elliptic-curve implementation - namely secp256k1. This is not the curve that was supposedly compromised by NSA, which is called sec256r1.

Bitcoin uses TWO operations using SHA256, which makes it irreversible. Of course, in your haste to cut-and-paste the same goddamned thing in every Bitcoin thread, you tend to leave that out.

So shut your fucking gob and get on to the other issues, you moron.

mmanvil74's picture

The author does make some good points, however, he also misses a few important points as well.  His final "most important" point is misguided in my opinioin.  If you have ever been to a local Bitcoin meetup or completed a Bitcoin transaction on LocalBitcoins, you will see that there is indeed a very local, community based, grass roots movement behind Bitcoin.  Sure, if you watch the mainstream media articles about Wall Street and certain business leaders getting involved in Bitcoin, you might discount the community based movement that Bitcoin introduces, but it is there.  Merchants who accept Bitcoin enjoy a comradery with their customers that is simply not present with any other form of payment.

As for the privacy (or lack thereof) in Bitcoin, this is an ongoing debate.  It is true that Bitcoin is public, but it is also true that you cannot easily prove the identity tied to any particular wallet.  But I think on this point Brandon is fighting a losing battle - most people simply don't care enough to remain "anonymous".  Just look at Facebook.  People want to be known, by their peers, and if necessary, by their government too, via the social security system, credit cards, etc.  Winning a privacy battle whereby everyone goes back to trading gold and silver is, how shall I put it, practically impossible without a substantial devolution paradigm in which the Internet blacks out and we go through some sort of dark age.  To spend your life as a proponent for that type of solution will fall on a lot of deaf ears.  Believe it or not, most people like the world we live in, it is much better and more exciting than the days of clans and cave bears.

The final point I would like to make is that while Bitcoin is certainly not flawless, for all of the reasons mentioned in this fairly well-written article, there are many more crypto coins to come and some will offer unique benefits that may address some of these issues.  And as long as they are convertible to Bitcoin, they will have some sort of market value.  

Criticizing Bitcoin is like criticizing the first web browser, no it wasn't perfect, but without it, we would not have the Internet we have today.  And while yes, the NSA does track everything that passess through the Internet, Bitcoin takes a giant step toward a dencentralized financial system.  Read that again: decentralized financial system.  That alone should be enough to get liberty proponents like Brandon on the Bitcoin train, because, unless you want some sort of collapse in order to achieve your utopia of a world in which he with the most guns, gold, and ammo wins and gets to create the NEW WORLD, the rest of us would rather use Bitcoin.

One World Mafia's picture

It's not decentralized when the govt has the keys to its mining and the biggests pockets control the rest.

tmosley's picture

You're talking about gold, right?

ghostzapper's picture

Bingo. An intelligent thought how refreshing.

Yawn. Zzzzzzzzzzzzzzzzz. Wake me up when someone writes something not energized by their whining about the recent performance of PMs.

dirtbagger's picture

Author forgot to mention that a large amount of bitcoins are held by a relatively small group of individuals or institutions and is subject to supply/demand (ie pricing) manipulation.   At this stage, Bitcoin seems to more resemble pump and dump stocks in the Vancouver exchange than a potential world currency.    I used to enjoy Max Keiser's tongue-in-cheek humour and on the world financial markets, but lately he has taken to seriously pimping bitcoin in every video release.  Those who do a bit of research on Max's background will find he is a bit of a PT Barnum con artist and scammer.  This should be a sufficient red flag warning to most investors.  For those who enjoy speculating, the Bitcoin roller coaster has been one heck of a ride.

As the author notes, bitcoin is in many ways worse than fiat currencies.   It is not backed by the good faith of any government (military) and NSA revelations demonstrate that bitcoins are susceptible to hacking theft with virtually no recovery recourse for the victim.  Finally,  should bitcoin ever reach a volume where it even slightly threatens established fiat currencies and government taxing authority it will disappear faster than a t___ flushed down the toilet.

 Like the old saying: First Bitcoin has become a movement, now it is morphing into a business, and its finale will likely end up being a racket.  

dark pools of soros's picture

funny how you outcasters cling to mommy government when you want to make bitcoins look bad.


fucking true coward is all ye are



MeelionDollerBogus's picture

To be stuck to a digital currency means being enslaved to the grids for power, for communications and for non-hard-asset currency. Those 3 bonds of slavery would stop any overthrow of any tyrannical government for good. It would even stop escape, not long from now, from a bad country to somewhere else - anywhere else.

90's Child's picture

Yes, yes and everything is owned by Rothschild.

Where you goin with this?

Boris Alatovkrap's picture

Everything?! Boris is suspect ownership is high ninety percentile, but everything?

(DeBeers South Africa mining is own and control by Oppenheimer, direct lineage of Rothschild. Rothschild finger print is virtual everywhere.)

fonestar's picture

This guy Brandon Smith claims that Bitcoin users have not been active in the liberty movement?  Really Brandon?  I seem to recall listening to the cypher punks years before anyone was talking about crash JP Morgan.  What have the "stackers" been doing to raise awareness about the fraud known as "the dollar"?  Oh right.... SWEET FUCK ALL!!

BLOTTO's picture

Anything of real value in life, you have to work hard for...

fonestar's picture

The real reasons fake libertarians are scared of Bitcoin is because they see the Satoshis are winning.  This means your "good guys" do not get to rescue the dollar (....until a "bad guy" steals it back again).  Nope, we are going to kill your dollar dead, piss on it and mock it in the obituaries.

No more American exceptionalism for you!!

TheCanadianAustrian's picture

That's an elegant, true-sounding platitude.

aerojet's picture

Yes, I find that comment troublesome--I'm sure plenty of people interested in bitcoin have also taken an interest in the liberty movement.  But the rest of the article is spot on--the positive media spin is the tell.  I have long believed bitcoin is a scam, but maybe it is a red herring?  It seems custom designed for Generation Y, and that's what bothers me about it.  And the article is dead on as to why it bugs me--people who want to resist but not risk anything are attracted to this  concept.  These are people who have played video games all their lives and are used to exchanging cash for digital paraphernalia (unlocks, lives, what have you).  That's why I believe it to be a cleverly tailored scam, and I still think that's what it probably is versus a plot by the oligarchy.  The oligarchs don't have it in them--they likely don't even understand the tech needed to pull it off.  No, Bitcoin is a scam designed to attract a certain demographic and it was designed by people of that same generation.  Occam's Razor.

gmrpeabody's picture

Bought in late, did ya...?

nope-1004's picture

Agree with you Aero.  Have written the same many times.  It has MSM growing acceptance.  Is talked about by Congress.  Is totally a government led project.

Anyone who thinks that a log of every transaction is freedom is a fool.


mbutler101's picture

You can't deny bitcoin has siphoned money off that may have gone into gold/silver. If 20% of the market cap of bitcoin something like 12 billion now, went into SILVER, we might have game over already. 

max2205's picture

It may be hard to get your hands on bitcoin when the electricity stops flowing

Boris Alatovkrap's picture

Is hard put hand on copper when electricity IS flow.

fonestar's picture

The author of this blog is an idiot.  Without Bitcoin life would not be worth living and I would detonate myself.

90's Child's picture

Fonestar your comments are so asinine, I almost believe you say what you do for the attention.

No one rational could share your beliefs.

fonestar's picture

The "rational" thing is to realize Bitcoin is an evolutionary change and simply the better product.  Smoothbore to rifled barrels, steam power to gasoline engines, biplanes to fighter jets, paper currency to Bitcoin.

There isn't even any comparison here, it's just going to be a slaughter and only an idiot could fail to see that.

90's Child's picture

Your logic is linear.

Assuming Bitcoin is the savory of all when you can't predict the future is naive.

fonestar's picture

"Your logic is linear."


My logic is an elliptical curve.

mccoyspace's picture

don't you mean a dual elliptic curve?

aerojet's picture

The essence of a successful scam is to make smart people believe they understand what is going on and that they couldn't possibly be taken for a ride.  If you can't spot the sucker, the sucker is you!

madtechnician's picture

fonestar - while I wholly do not dis-agree with your logic and foresight of Bitcoin , I think that for most people this is an extremely steep learning curve. Maybe it would be better to try to educate some of these lesser-muppets with a good logical and intuitive explanation and argument. Simply telling them they are all idiots because they do not understand bitcoin provides them with absolutely no education. Just because they may be idiots and you can clearly see that does not mean that absolutely everybody is , there are still plenty of people out there who are prepared to learn . It would be also in your best interest to altealst try to explain your logic and thought processes to some people with lesser brain power who cannot comprehend the power of the bitcoin , the blockchain and THE future of money , it's only fair to try and level the playing field. Of course if they will never get then yes leave the fucking idiots behind , but then atleast you can say you have actually tried to educate them and not just slated the fuckers off completely,

MeelionDollerBogus's picture

I think my fingers are getting tired of hitting the -1.
I think I might need to make some kind of macro or something...

DoChenRollingBearing's picture



Brandon Smith would be wrong about me.  I have BTC, obviously.

But, I also have lots of gold, two guns (and LOTS of ammo).

I may not be active in his "liberty movement", but that may be because I don't play well with others.  But, I do contribute to FOFOA.

fonestar's picture

I have lots of guns, ammo, precious metals and food stores.  This guy Brandon is a fool who is deliberately trying to conflate Bitcoin users with iDiot Twitter and Facebook users.

90's Child's picture

If you're so confident why rant bout it?

Why not encourage the negative or 'false' comments on Bitcoin.

If it causes fluctuation in the market then why not use it to your benefit?

Look at what's going on with gold as a perfect example.


fonestar's picture

Why rant about it?  Because five years from now I want to be remembered as the most fanatical and zealous devotee of Satoshi Nakamoto.