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How Bitcoin Could Serve the Marijuana Industry (With Banks Still Nervous)
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
The reason venture capitalists have become so intrigued with Bitcoin over the past year or so is because it is what the industry refers to as a “disruptive technology.” Some of the key tenets of a disruptive technology are that it allows people and businesses within a certain industry (or industries) to do things cheaper, faster, and better than before by a significant, if not revolutionary margin. Bitcoin easily checks all these boxes. Even more than that, it also frees humanity from the vengeful whims, or simply the bureaucratic inefficiencies, of the state apparatus. Case in point, when Wikileaks was unable to access the traditional banking system due to a state sponsored blockade, they were still able to obtain funds through Bitcoin. In fact, that specific example, is the primary reason that I officially got behind Bitcoin in late summer 2012. I made this point clear in my debut article on the topic titled: Bitcoin: A Way to Fight Back Against the Financial Terrorists?
Which brings me to the topic of today’s post. Medical marijuana is already legal in 20 states plus the District of Columbia. It is also completely legal for recreational use in two states; Colorado where I reside, as well as Washington State. Nevertheless, big daddy government still thinks it knows best and continues to classify the relatively benign substance as a schedule one drug under federal law. As such, the banking system, (including state banks) is simply to afraid to get involved. Enter Bitcoin.
Well at least that is what I suspect will happen. As of now, it has been anecdotally reported that one dispensary has made Bitcoin payments an option, but I haven’t seen any clarification as to which one. I see this as a fantastic opportunity for both the Bitcoin community as well as the marijuana industry to come together to solve a major problem. It could be a huge win-win for both. The main question on my mind at this point is whether or not the main Bitcoin payment processing companies Coinbase and BitPay will agree to play along…
*Note: Since the publication of this post a reader pointed out that since the Bitcoin payment processors do utilize the banking system, it doesn’t exactly solve the problem. This is a fair point, but leads me along another thought process. It may indeed end up being a blessing in disguise as it sets up the marijuana industry as the perfect testing ground for use of BTC as an actual currency. Ie, potentially paying suppliers and employees in Bitcoin, perhaps only partially at first. This is going to be fascinating to watch.
First let’s examine the problem. A recent article from the New York Times highlighted it. Here are some key excerpts.
The New York Times writes:
Legal marijuana merchants like Mr. Kunkel — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Washington — are grappling with a pressing predicament: Their businesses are conducted almost entirely in cash because it is exceedingly difficult for them to open and maintain bank accounts, and thus accept credit cards.
As a result, banks, including state-chartered ones, are reluctant to provide traditional services to marijuana businesses. They fear that federal regulators and law enforcement authorities might punish them, with measures like large fines, for violating prohibitions on money-laundering, among other federal laws and regulations.
“Banking is the most urgent issue facing the legal cannabis industry today,” said Aaron Smith, executive director of the National Cannabis Industry Association in Washington, D.C. Saying legal marijuana sales in the United States could reach $3 billion this year, Mr. Smith added: “So much money floating around outside the banking system is not safe, and it is not in anyone’s interest. Federal law needs to be harmonized with state laws.”
The limitations have created unique burdens for legal marijuana business owners. They pay employees with envelopes of cash. They haul Chipotle and Nordstrom bags containing thousands of dollars in $10 and $20 bills to supermarkets to buy money orders. When they are able to open bank accounts — often under false pretenses — many have taken to storing money in Tupperware containers filled with air fresheners to mask the smell of marijuana.
The all-cash nature of the business has also created huge security concerns for business owners. Many have installed panic buttons for workers in the event of a robbery and have set up a constellation of security cameras at their facilities beyond what is required, as well as floor sensors to detect break-ins. In Colorado, Blue Line Protection Group was formed a few months ago, specializing in protecting dispensaries and facilities that grow marijuana, and in providing transportation security. The firm largely uses military veterans who have Special Operations experience.
Also in a recent article, CoinDesk alludes to a possible solution using Bitcoin:
At least one marijuana dispensary in Colorado has reportedly begun accepting bitcoin.
A somewhat bigger problem for dispensaries lurks in federal law. They cannot accept credit card payments, so all purchases must be in cash – or bitcoin.
Banks and credit card companies are playing it safe. They must comply with federal legislation and although it might be possible to come up with a workaround, they do not appear interested at this point.
Federal law has forced dispensaries to accept cash, and cash only – but bitcoin is a tempting alternative. Anonymity does not matter, since recreational marijuana is legal in Colorado, but with no credit cards in the mix, it is practically the only alternative.
Sales of recreational marijuana in Colorado are reportedly exceeding $5m a week, and banks simply cannot enter the fray until regulators give them the green light.
It’s still early days, but this is fertile testing ground for Bitcoin’s disruptive, game-changing capabilities. I will be eagerly watching this story.
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It's certainly not of the mind
Really - what from many of fools appears mind?
The market will choose the currency in which it will be possible to buy goods.
That is, the market will choose the currency, what will be agree to accept as payment China side.
At the moment - this currency is called "Gold" .
- We know, that the relationship between China and the United States, have continuous growing trade deficit?
- We know and full well understand, the meaning of the last statement of the Chinese authorities.
Beijing recently announced that the People's Bank of China, stops further buildup of assets denominated in U.S. dollars.
Question: What does this mean?
Answer: In fact, China has refused to sell their products in exchange for U.S. dollars.
Strange coincidence: U.S. Senate, previously has actively blocked Bitcoin. But after the announcement from China, the U.S. Senate suddenly began to actively support and promote Bitcoin!
Question: Why?
Answer: Because the U.S. now do not know, in what currency, they must to buy goods from China.
But Chinese authorities has actually rejected the U.S. proposal on the exchange of goods to Bitcoin.
China does not need any shit - coins.
China needs gold. Checkmate. Game over.
Fed needed relief valve for inflationary pressures. Stock market is already overloaded liquidity and is in the zone bubble.
Now, such a valve for relieve inflationary pressures will Bitcoin.
You are right, the market will choose which currency it wants. I'll choose Bitcoin. I don't give an F who created it or if the Chinese like it or they don't. Anything is better than the current fiat heist, and if the FED somehow wants to gamble on the idea that hundreds of crypto currencies, of which bitcoin is only one, will be easier to control and track than the dollar, which is published and issued by them for free without limit, then game on.
@mmanvil74
I can not agree with your point of view.
What prevents the United States to abandon all debt right now?
Only one - United States already lost ability to live at their own expense.
I mean the inability of the U.S. to live without borrowing conditions in the virtual absence of the real economy.
Waiver of debt = no one will give a loan in the future = economic death in the future.
For this reason , the U.S. can not abandon its debts and forced to support the dollar .
But for Bitkoin all this is irrelevant.
Any U.S. debt denominated in Biktoin may be revoked without any consequences and without grounds for accusations against the United States.
Thus , the U.S. dollar looks even more reliable as compared with Bitcoin .
Bitcoin need for Fed to get people to buy more products, while avoiding dollar inflation.
pssst, hey you, wanna buy some BITCOIN BITCOIN BITCOIN BITCOIN!
@ fonestar,
I have not read what you wrote. I do not have time now, sorry. But just in case, I put you minuses everywhere.
Please do not be offended, it is only as usual, out of habit - mechanical.
'marijuana is legal'
Yeh, ... just go ahead and BUY marijane with BTC which is a public-log, and then renew your pilots license FAA) your BATF gun dealers license, any 'license' where its a felony to use drugs or lie about their use.
People just don't have a clue,
Sure a lot of people 'smoke' and they can buy clean piss to pass a test, but anybody that BUY marijane outside of CASH, is fucking themselves and HARD.
Almost all FEDERAL license make you 'swear' you don't use DRUGS,
I sure as fuck would NEVER buy POT with a credit-card or BTC cuz it would stay with you for your entire life.
ding ding ding
we have a winner
Again more bullshit from this 'Expert' who knows fuck all about bitcoin - Do you know what Pseudo-Anonymous means ? It means there is no name or address tied to a BTC address. You can create an unlimited number of anonymous BTC addresses which are IMPOSSIBLE to know who or where that person is. And if you are paranoid you can tumbe coins through a tumbler which makes it impossible to even know where your coins came from or even where they are going .
DO YOUR FUCKING HOMEWORK BEFORE POSTING ANY MORE OF YOUR F-U-D BULLSHIT
If you think, that your name and ID will be hard to find through the mechanism of payment for goods with Bitcoin, then relax. Your and ID will be can easily find through mechanism of delivery, obtaining and using the your product.
Even if someone is paranoid, it does not mean, that no one was watching him and all his actions.
I will address the 'tumbler' story, cuz it amuses me,
So you have say lots of BTC, say you have a 1,000 BTC's valued at $1,000, that means you got million bucks, USD
You are going give that block-chain to assume anonymous asshole that you have no recourse and assume he will 'anonymize' your block-chain, how in the fucking hell do you fuck wad's not know the NSA/CIA is the bitch running the 'tumbler', you don't and if you say you do your a fuckwit.
***
Lastly, SHARIM of the RSA fame early on did a 'sort-merge' on all the bit-coin block chain and was able to resolve over 90% of of all transactions back to a mother 'ID', there are 3rd party's on the internet that will resolve BTC ID's to REAL-ID for a price, and they too are on NSA/CIA payroll, and IRS cuz that is where the big bucks are,
'Mad-Technician' is a cute name, but that's it, at very best you are a technician, but I hold a PHD in physics and computer science, so bring it on bitch.
***
I can say just one thing to the dumb fucking bit-coin whores here, where in the fucking hell are the cabbage-patch dolls? Where are the beanie-baby's?
We have all been here before, ... and we all know fraud.
If you hold a PhD in computer science and physics I am shocked that you can come out with so much un-educated bullshit. I think you are full of shit with a fake $1 PhD you can buy from the internet. If you want an argument about computers , lets start with TCP/IP then I will walk you right through low level 8 bit assembly language programming all the way through C then into high level scripting languages. If you knew anything about computers you would see that bitcoin is in fact nothing short of absolute technological genius and you would have a completely different stance. Now go and buy a 2 dollar PhD , maybe that would convince me a little better.
In Bitcoin is not and in principle can not be any genius. Because in the Bitcoin is nothing new.
- Encryption was invented before Bitcoin.
- P2P was invented before Bitcoin.
And the main principle of Bitcoin was invented and described in detail yet Nikola Tesla, about 100 years ago.
Nothing new ? Actually the bitcoin protocol has actually solved the 'double-spend' problem otherwise known as the '2 generals' problem. This was one of the oldest unsolved problems in computer science - which the BTC protocol has solved - oh but you know that don't you you learned it when you were studying your 1 dollar PhD you bought from the internet.
And Nicola Tesla ? You mean the bloke that among other things invented 3 phase power distribution that the whole panet now uses to move electricity - well you have just given a perfect example of a genius you muppet. Maybe he did not have access to the computer technology at the time he 'invented' it - if he did maybe he would have invented bitcoin and by the way this guy is a classic example of a genius.
I also think that Nikola Tesla - is genius and that you - is muppet.
Thus, there is something common between us!
You forgot to walk into the courthouse and yell " FUCK THE FEDERALS!"
BITCOIN "HOW TO SERVE MAN, and bankers ..."
Should be the title, well SERVE-MAN we know is a COOK-BOOK
Enough said, if you use BTC, you are cooking your goose.
More interesting is the ZH angle on 'bankers'
BANKERS don't like charge-backs, its a major fucking hassle for them, they would LIKE to fuck the consumer and hard,
So like always win the ZH tells you to tell your banker to accept BTC, remember you may not like what you get when you wish for something.
I like chargebacks, they let me get my money back when I get BTC-FUCKED, it don't matter its EBAY or any where there are always assholes that want to rob you,
But CONSUMERs long ago lobbied and won, the right to force the seller to return the money, both credit-card and debit, now the debit is weak, and the bank likes that its YOUR money, not their MONEY.
With BTC we would be taking all of our consumer-rights and tossing them out the window.
MARIJANE is still a drug, an if a bank facilitates a sale and you kill somebody while stoned, somebody will go after the bank, the bullshit in the USA never ends.
The banks would have millions off pissed off people pounding on their doors if they get BTC-FUCKED, ... like the issue of not being able to change a deal, once you make a transaction in BTC its done, no recourse, ... when the general consumer of a bank wants his money back he's going to SHOOT the banker, maybe little boys at home in mommys basement aren't pissed if they lose their allowance, but in thee real world, folks will kill the banker if he doesn't make them good.
With BTC ALL IS FRAUD, ... why in the hell would a banker want to get in this can of fucking worms?
YOU ARE A FUCKING TOOL
YOUR BULLSHIT FINDS NO BOUNDARIES
YOU HAVE BEEN PROVEN WRONG ON ALL OF YOUR PREVIOUS 'EXPERT' BULLSHIT ANALYSIS
WHATS THE NEXT LOAD OF CODSWALLOP CRAP YOUR GONNA DREAM UP?
IN FACT - I DONT WANT TO KNOW , LEARN ABOUT BITCOIN OR FUCK OFF I AM TIRED OF READING YOUR FUCKING DRIVEL
I have never been proven wrong on any of my assertions, but I do notice that you and fonestar use the same exact defense, ... to go on attack, but never say a fucking thing rational.
Bitcoin is being ran, orchestrated by a team of cheap whores, that are all high-school drop outs, they have been given a batch of early BTC's and they're all running out of CHINA and/or INDIA, ... and they have been told that if they talk shit, and run BTC up to a MILLION USD, they can become rule's of the non-free world.
They have bought a tub of tripe.
The fact that you have created a Satoshi account proves to me just one thing , that the sour-grape contortions in your face must make you look like a fucking horse. I have spent a lot of time on here being technical , explaining things to people in a way that a layman can understand , what you are witnessing is nothing short of absolute technical genius, This is not some muppet kids in a basement with a C compiler and a soldering iron. If you are pissed off because you think you have missed the boat with this I can assure you that you have not. You can swallow your sour grapes and continue to look like a fucking horse or you can go educate yourself just a little. I would advise you to get with the program before the large hedge & investment funds get in on this action because otherwise your face will get so long you will find it hard to fucking speak. This system is going to take over the world's financial system , you can like it or lump it , either way I don't give a fuck but when I see somebody posting pure FUD Bullshit which is all you have been spouting then I will say my piece against it.
Preach!
Do you think that if we take the idea of ??Nikola Tesla and sticking to this idea encryption and p2p, the result is a "technical genius"?
I assure you, you are mistaken. From this mixture are obtained only shit-coins and nothing more.
Nothing more ? You are an idiot.. Ever heard of the '2 generals' problem ? , well it was in fact one of the oldest unsolved problems in Computer Science , the bitcoin protocol has solved that problem and is applying it to address the 'double spend' problem of finance and PREVENT fraud and double spending. If you have studied computer science and are unaware of these facts then I suggest you complain to the person who sent you your 1 dollar PhD internet certificate.
Bitcoin problem is not a problem of the two generals. Bitcoin problem is a problem of the set of fools who look at the technology and think they see currency.
You are correct - Bitcoin protocol has solved the problem of the 2 generals , one of the oldest computer science problems . It takes a genius to solve this problem. You are the fool for not understanding the significance of this deveopment. Time for you to do some research and actually learn something insead of attacking something you clearly do not understand and probably will never be capable of comprehending , but you could atleast TRY ?
Knowledge of the TCP/IP protocol does not make you a smart man, much less does not make you an economist.
Currency or money out of nothing - that's nothing. You can not hide this fact under plurality a variety of scientific and technical tricks.
Okay ... You got me there ... Must ... Sell ... Bitcoin .....
Who is this Satoshi? He is a saint?
Or is he an asshole, who hides his name under a pseudonym?
You're a bottle of wine short of a case.
Vuew from China:
Bitcoin bubble won't last withou Beijing's approval.
"Bitcoin is a bubble that foreigners cooked up and, by all appearances, is designed to rob the credulous Chinese masses. When the bubble bursts, the Chinese government won't be able to arrest these foreigners and get the money back. The bubble is not under Chinese government control. Hence, it cannot be tolerated."
http://sufiy.blogspot.co.uk/2014/01/bitcoin-is-high-tech-dinosaur-soon-t...
Vuew from China:
Bitcoin bubble won't last withou Beijing's approval.
"Bitcoin is a bubble that foreigners cooked up and, by all appearances, is designed to rob the credulous Chinese masses. When the bubble bursts, the Chinese government won't be able to arrest these foreigners and get the money back. The bubble is not under Chinese government control. Hence, it cannot be tolerated."
http://sufiy.blogspot.co.uk/2014/01/bitcoin-is-high-tech-dinosaur-soon-t...
For fucks sake - You naysayers did not stop telling us it was a Scam , a Ponzi , a Pyramid , a Trick , a Con , it's Fake , it will Crash , its for Lunatics and Idiots ALL PROVEN 100% WRONG - and now you are trying to tell its run by the FED - when will you idiots just Shut the Fuck up of just simply Fuck Off ..
THE NAYSAYING ASSHOLES HAVE LOST ALL CREDIBILITY SO SHUT THE FUCK UP.
two weeks, two days
go back to the /r/bitcoin circlejerk if you can't handle the real world boy
The real world says that you are full of shit .
@ madtechnician,
Why are you so nervous? Because here people do not like shit - coins? Or because many here think, that you are very gullible idiot?
Nervous ? 20+ Posts I think you must be pretty nervous - and If you can call 6000% annualised gains a gulible idiot then you are truly welcome to your 'expert' opinions.
Oh , and by the way , hows that gold & silver investment playing out for you these last 12 months ?
6000% annualised gains - This is the most common feature of a Ponzi scheme. Only idiots can not understand this, do not you?
Silver and any other real asset will never give 6000%. But silver and any other real asset, never become zero - as is always the case with any Ponzi scheme.
More BS from the 'expert' - the internet grew at 10,000% per annum for 10 straight years - you are calling the Internet a Ponzi Scheme ??
New term for your vocaulary: - ' Adoption S Curve ' look it up , there is a huge difference between an S Adoption Curve and a Ponzi .....
The Internet is not a currency or an attempt to copy currency. Your comparison of growth Internet and growth Bitcoin - it is exactly the same utopia, like Bitcoin.
You can compare the growth of Bitcoin more successfully. I mean comparison of growth Bitcoin with growth the number of fools in the world.
The Bitcoin network per-se is not a currency either , its a network protocol just like TCP/IP , it just so happens it can also be used as an advanced payment mechanism , it fits perfectly , the capability and capacity of this network is expanding exponentially , the science behind it is not foolish , it's nothing short of absolute genius , you can call it foolish , I think you are an idiot for not doing your due-diligence and attacking something you clearly do not understand and are probably incapable of comprehending.
Any technology and any blah blah blah, do not make a successful currency out of nothing.
In order to understand this simple truth does not necessarily delve into the intricacies of each new Ponzi scheme like bitcoin.
Okay , you win , now lets all just all just crawl back into living in mud huts and switch off all of the electricity. Technology is useless , there is no place for it , the internet , the cloud , TV are all just a virtual illusion - as is bitcoin.
Dont worry - it will go away , if you say it enough times , honest .....
Oh, I am very glad that you finally noticed that the "network Bitcoin is not a currency." I'll tell you even more - Bitcoin network is simply network and only network.
Now answer me directly to my simple question, not about "Bitcoin network", but about Bitcoin:
Biktoin is the currency or not? Yes or no?
Oh , but Bitcoin can be used as a currency / monetary unit just as gold can be used as a currency / monetary unit. Your argument is a Straw Man. Next thing you will be saying is that 'Oh but you can hold gold in your hand' , well you can hold bitcoin in your hand , just as well as you can hold a song in your hand , or an emotion or google or microsoft can be held in your hand , or love for that matter , just because you cannot hold it in your hand does not mean it does not have value. You hate somebody , that has value to you , can you hold that hatred in your hand ? It has value though doesn't it .....
Please do not need blah blah blah. Bitcoin - it is currency or not? Yes or no?
Only one word please.
YES
It's not surprising that here on ZH, people do not like Bitcoin.
On the ZH traditionally gather smart people, here just a very small amount of fools.
Please go to any resource where all fools are going together and you'll see there 100% support Bitcoin.
Says the guy who bought a PhD in Physics & Computer Sciences for 1 dollar on the internet ...
I think you confused me with someone else. I have no scientific degree and I never said that I possess an academic degree. I'm just an ordinary person like you, only much more smarter. LOL
The Pot Shops can buy Gold Bullion much easier than Bitcoins. They can make a purchase...wait a few days...then sell the Gold back to the Coin Dealer...Then they can deposit Checks into the Banks from a Coin Store.
(Now they'd actually be wiser to KEEP THE GOLD as a Bank Account. But they do need cash for purchasing Pot and other assorted Operational Expenses.)
There are no records kept by Coin Stores as to their clientele. The Cash which they deposit are from Gold Sales. Many will care less where the cash comes from. The Pot Shop owner can be upfront as he is not breaking any State Laws. The Coin Store Owner will be happy to take a 6% Spread on the deal.
The Pot Shop owner can raise his prices by 6% and pass the costs off onto the Pot User. It is a surcharge fee of sorts.
The Pot Shops can declare themselves as Gold Merchants to the Banks. They are.. They sell Acaapolco Gold and Buy, Keep and Sell Bullion Gold.
As for taxes??? Capital Gains are due on the profits of the trade...if there is a profit. With declining Gold Prices there are generally no gains thus there is no Capital Gain Taxes due.
Don't these guys know anything about Money Laundering? That is Money Laundering 101. These guys were not in the trade when it was illegal??? What a joke.
But I know better???
Compare Gold with bitcoin - it's like comparing Sex with masturbation.
Finally I agree with you - sleeping with , fondling and jerking off over a gold bar never had any real appeal to me , but paying a top notch hooker with BTC is great fun ...
You forgot to specify that Bitcoin is not a real hooker, but only virtual hooker. That is, do you have sex with a woman who exists only in your imagination. Sorry, but this means, that you just masturbator.
Growing / selling marajuana is hard work, actually. Damned if I'd take bitcoins for it.
The term "disruptive technology" shouldn't be thrown around so lightly, especially with BTC. Given the tight grip our government and central banks have on wealth of any kind, does anyone here in their right mind think a rogue and competing currency like BTC will be allowed to stay "disruptive"?
New currencies are nothing new. Jackson & Lincoln both tried issuing currency without central banks, and both failed miserably. Although BTC has some interesting technology supporting it, one has to wonder if that will be enough to keep the slimy tentacles of regulators and central bankers at bay?
Bitcoin makes Central Banks obsolete. They will become an unnecessary historical relic just like black & white TV sets or wind-up watches.
Sorry, but I do not buy empty promises and vague slogans about the prospects of an uncertain future.
During an attempt to create a new currency was killed Kennedy. For attempting to eliminating the use of the U.S. dollar were the wars in Iraq and Libya.
At the same time, the U.S. Senate, the U.S. banking community, and even the U.S. Army, are actively promoting the new currency biktoin.
I think that this is enough to understand the situation as a whole for any person capable to think analytically.
I love the NWO conspiracy shit , but , did you also consider the next possibility that this is such a superior and useful technology that it would be pointless to attack it ?
Not likely. Ever noticed what happens when you get a cashier's check, traveler's check or money order from a bank or wiring service? They charge you a significant fee for doing so. As far as I am aware, there are no fees for changing USD to BTC, and that isn't going to be allowed. Hell, you can't even take your own money out of a cash machine without being bent over (unless you're with a credit union).
I love the idea of BTC and competing currencies, but there is too much money to be made off of money changing.
Usually I agree with Krieger's posts but this one is the exception to the rule.
Say what you want about FRN toilet paper, it is truly anonymous and that is why the NWO is trying to phase it out. What happens when all cash is gone, and you have a bad morning and write a particularly scathing comment onto the ZH board. And you then go to buy your Starbucks with your plastic, your cell account, or the RFID chip in your left arm (future tense), and despite your account being flush with electrons, it is rejected? To paraphrase Seinfeld's soup Nazi, no Starbucks for you. You gonna slip the barista a gold eagle or even a silver eagle? I think not. Going to go to your coin shop and sell an eagle? What are they going to pay you with? More electrons frozen in NWO hell. In short, you are fucked.
As to Bitcoin, I am becoming more and more convinced that it is a NWO Trojan Horse. What do these dickheads want in this theatre? A single global digital currency. There is a lot of talk about the SDR replacing the failing petrodollar. But the NWO dickheads are just not that creative. When they find a technique that works, they use it repetitively for ever. For example, whenever they pull off a murderous false flag to terrorize the sheeple, it also turns out that there is a drill both nearby and contemporaneous which is designed "to counter" this exact form of terraist activity.
Regarding Bitcoin, what is their MO? First they prefer to trick people into complying with their agenda when possible rather than shove it up our collective asses with a ramrod. Let's look at the smartphones. They are wonderful devices for allowing the sheeple to spy on themselves. Orwell's telescreens were just so bulky and clunky. In edition, there will be an epidemic within 10-15 years of lethal brain cancer among people in their mid to late 20's which will be great for Big Pharma profits and the global depopulation agenda. Less of Henry the K's "useless eaters," meaning the 99.999%. And best of all, the industry is profitable. The dickheads just love to actually have you voluntarily pay lavishly for your own enslavement. I, for one, would rather stick my head in a microwave oven than spend several hours a day on a cell phone or a cordless phone. I am being faithful to my "Princess" of yesteryear.
But Bitcoin is anonymous!! I am no C programmer, don't even play one on television, but my intuition tells me that there is a huge backdoor in Bitcoin that goes directly to the NSA quantum computers in Utah. I would love to give very attractive odds on it to the people who are about to down arrow me, if there were a way truly to verify that yea or nay. I think the best article I have come upon in this regard is:
http://www.globalresearch.ca/will-digital-currency-replace-the-us-dollar-wall-street-strategy-to-make-bitcoin-the-global-currency/5361021
And here is my answer to the dope retailer dilemma. Fuck the credit. Stay with cash. It was interest bearing credit that got our balls in a ringer since the days of Sumer. And make sure all your employees carry a Glock when responsible for the cash with Department of Human Sacrifice certified hollow points and are experts in their use.
Back to FRN toilet paper. Use it or lose it. I buy everything in person with cash. I haven't used plastic to buy anything off the net for years. OK. Time for the down arrows - like I give a shit.
Hopefully if / once you get what Bitcoin actually is I think you will be a proper bitcoin pumper. Sounds like you a actually know what the fucking score is buddy , bitcoin actually represents the complete downfall of the establishment as we know it , just like the internet downloads replaced 12 inch vinyl - obsolete central banks and government a$$holes replaced by democratic electronic financial software.
Yes, that is what many say. And I know it is open sourced and very complex. But as I recall, King Priam was quite certain that the Horse was a gift from Zeus himself and it would have been an insult to His Holiness not to pull it through the city gates. :-)
I am also in Colorado and thought that Bitcoin would solve the banking issues. Fed won't be liking that as it will take money out of the FRN.
,