A Quote by Naval Ravikant
Think of Bitcoin as a bank account in the cloud, and it's completely decentralized: not the Swiss government, not the American government. It's all the participants in the network enforcing.
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I've never had a bank account in Switzerland since 1984. Why would the Swiss do this to me? Maybe the Swiss are trying to divert attention from the Holocaust gold scandal.
Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.
American families cannot compete with billionaires. Our involvement in government should not be dependent on our bank account balances
It comes down to the simple idea that government has grown substantially under Barack Obama, and government has been a failure in American's lives, and Hillary Clinton wants to grow government even further. I think Donald Trump wants to restrain government and shrink government.
Filecoin is a decentralized storage market - think of it like Airbnb for cloud storage - where anybody with extra hard drive space can sell it on the network.
We need the federal government to assert their supremacy over the immigration issue and make it clear to state legislatures, cowboy cops, and the American people that the federal government is in charge and effectively enforcing and regulating immigration.
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
I think the fact that within the bitcoin universe an algorithm replaces the functions of the government is actually pretty cool. I am a big fan of bitcoin.
Bitcoin is a currency, bitcoin is a network, bitcoin is a technology and you can't separate these things. A consensus network that bases its value on the currency does not work without the currency.
The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?
Twenty-three cents may not sound like a lot to someone with a Swiss bank account.
The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.
If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.
[T]he Swiss people are the best practitioners of the ideals of non-aggression. The Swiss national government posts are parttime positions. Most decisions are made at the canton (state) level. Swiss per capita income is the highest in the world, showing that non-aggression pays. How did the Swiss come to adopt a relatively non-aggressive constitution in an aggressive world? In the mid-1800s, they imitated our constitution and stuck with it!
If the people fail to vote, a government will be developed which is not their government... The whole system of American Government rests on the ballot box. Unless citizens perform their duties there, such a system of government is doomed to failure.
You look at Bitcoin, and it is an entirely new currency, completely decentralized, anonymous; transactions occur incredibly fast for free, all designed by the free market.
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