14 replies to this topic

[policematrix]

Well I personally discovered bitcoins pretty recently 1 BC = 60-70 £ now say 5 months later its 1BC = £186 

Now im no expert but thats some pretty good interest in 5 months also beats all other currencies by a lot 

So what is all this to do with a revolution ?

Well currently we are being raped by the monetary system in this country while being told the economy is in full recovery , whether you believe this or not does not matter just look at the past , the banking system was not far from complete meltdown and since then the UK is lending more money each year from the IMF (how they can call this recovery is beyond me )

 

So we are all pissed off we vote for one party same shit so we try another party same shit , for me at least all the main parties are a waste of time and space offering little carrots to teases the voter but none ever sorting the real problems (again you may think differently about political parties)
 

So ok what can we do ? 

 

Well not a big fan of russel brand to be honest but like what he says here http://www.youtube.c...h?v=3YR4CseY9pk I would say most people i meet agree with most of this especially the fact pollititians have no idea what itsd like to be us the real people , the people who pay for the government .

 

so he has lots to say but no solution or idea how we revolt , thats where this guy steps in http://www.youtube.c...h?v=A2Cjo7CHh6w Please if you have time watch it all very interesting and informative 

 

Now are you really going to put all your money into bitcoins ? well no i doubt it but buying a BC could just assure you have something in the guaranteed crash of global financial markets .

 

Thoughts ,ideas and criticisms welcome 

 

 

buy bitcoins https://bitbargain.co.uk/buy

BC exchange rate http://preev.com/btc/gbp

BC wallet http://bitcoin.org/e...ose-your-wallet

BC FAQ and guide to use https://bitbargain.co.uk/

Edited by policematrix, 06 November 2013 - 06:42 AM.

[killcrazy]

Yea it's a interesting concept, it certainly seems to have a lot of confidence at the moment....  The value has fluctuated wildly in the last 6 months though (they did crash from $200 to $30 in the space of a few days around June time).  I certainly wouldn't advise anyone to invest heavily in it (perhaps have a punt on a few units when the value next drops)

 

My opinion is that this currency will start being used more and more by criminals (laundering money etc) and eventually the governments will move to shut it down (easy to do if they make it illegal to trade).

[aaamusements]

Smells like a bubble to me.

 

Also I hate Russell Brand with a passion, and I certainly don't need him telling me whether or not to exercise my democratic right (which my Grandfather and so many others struggled and fought to preserve).

He can f*** right off, if I'm being completely honest.

[policematrix]

Smells like a bubble to me.

 

Also I hate Russell Brand with a passion, and I certainly don't need him telling me whether or not to exercise my democratic right (which my Grandfather and so many others struggled and fought to preserve).

He can f*** right off, if I'm being completely honest.

i see your right to vote for 3 parties who all do basically the same And when in power don't like to disturb anything thus leading to guarantee financial crashes through their disability to change anything , but whatever if you're happy with everything then no problems for you , I on the other hand struggle to pay for the most basics like food , heating and clothing while bosses of big business see their wages rise on average 7% .

I gotta agree i also hate russell brand , but i think he makes some good valid points and he is a rich guy so its nice for him be it for whatever reasons supporting the working guy which is more than can be said for the duet in power at the moment 

Yea it's a interesting concept, it certainly seems to have a lot of confidence at the moment....  The value has fluctuated wildly in the last 6 months though (they did crash from $200 to $30 in the space of a few days around June time).  I certainly wouldn't advise anyone to invest heavily in it (perhaps have a punt on a few units when the value next drops)

 

My opinion is that this currency will start being used more and more by criminals (laundering money etc) and eventually the governments will move to shut it down (easy to do if they make it illegal to trade).

Yes good points by no means is BC a stable and guaranteed currency , but neither is the £ or $ , the bit I do worry about is the global idiots (controllers) changing the rules (laws) to suit themselves 

Currently its completely legal but yeah this could be a problem as they would hate to loose the money they control .

 

Look face facts the system is more criminal than any criminal gang and gets supported by all the top politicians so the working man is always poor and the rich guy always richer 

Fraudsters keeping energy prices sky high , Banks gambling recklessly with yours and my hard earned cash causing global meltdown to which they don't have to answer and can carry on as before it happened , then fraud in the stock exchange and now they have been caught controlling the exchange rate . If this is a  democratic right then keep it .

[Magz]

I fail to see how BitCoins would help you out in a global financial meltdown as described. As the coins effectively have to be redeemed for currency to be used for most buying purposes they'd effectively be worthless as well. OK they might be worth $5000 but if that only buys you a loaf of bread then you're still out of pocket. In addition, in that meltdown state, you might well find you no longer have an internet link either as your ISP has gone bust which would be an issue.

 

I also don't see how this currency is guaranteed in any way, by anyone at all. To liken this to £ or $ is not really a fair comparison as both currencies are backed by governments with gold reserves and other guarantees. Even with the recent issues the US avoided a debt default as did the UK. It would only take a single redemption failure in the BitCoin system and they'd be worth less than an old 20p fruity token.

 

 The currency has risen in value of course, fuelled in part by countries with a failed currency looking for some way to get their cash out (e.g. Cyprus) without government interference. However, gold (the perennial haven in troubled times) has also risen greatly in value and is a far safer bet.

 

The other issue with BitCoins is that they are not regulated or covered by any of the banking guarantees that you'd get with traditional cash deposits. OK, your bank may do a Northern Rock, but as long as you spread your cash between banks then your money is safe.

 

As for Russell's revolution - I think I'd give it a miss. Whilst he's good for a sound bite or stirring things up on Question Time I think that's about his useful limit.

[policematrix]

I fail to see how BitCoins would help you out in a global financial meltdown as described. As the coins effectively have to be redeemed for currency to be used for most buying purposes they'd effectively be worthless as well. OK they might be worth $5000 but if that only buys you a loaf of bread then you're still out of pocket. In addition, in that meltdown state, you might well find you no longer have an internet link either as your ISP has gone bust which would be an issue.

Some superb points 

ok look at your bank note , it is in fact an IOU with the wording "i promise to pay the bearer on demand the sum of.." but instead of going the bank and asking for our amount of money in gold we just use the IOU note instead , now this is not possible with bitcoin as you say it only exists in an internet world , I think the idea more than put all your money in bitcoins or if you like gold is to have some money invested .

Look I know its desperate but so am I , I vote for this party same shit so i vote for other party same shit poor get poorer rich fill their greedy pockets , now i'm not asking to be rich I just want fair pay and fair taxes , I want a fair slice of the cake which we all baked .

The energy companies and the politicians are sucking the UK dry , wages are pathetic and taxes are high , with the gift of the internet we learn more and more on how this stuff functions and realise how corrupt it is but do nothing , well yeah we rant on forums like this or facebook and some how think it will make them do things different , maybe bitcoins is not the way maybe buy stocks in gold who knows but what we do know is this economic system fails regularly and catastrophically as it is based on a false economy and powered by debt lending people who are guaranteed to fail knowing they will earn more from such people but ultimately knowing that this will lead to debt not getting paid at some point, disgusting Ill have no part in it im packing my bags and living down the woods 

Edited by policematrix, 06 November 2013 - 04:26 PM.

[Magz]

One thing I would change is the option of having "none of the above" on voting slips. Thus allowing a specific, quantifiable protest vote in the voting system.

Edited by Magz, 06 November 2013 - 08:05 PM.

[aaamusements]

I always wonder why people who don't like democracy and love to run down this country can stand to stay here?

But I always try to respect the opinions of others and cherish their right in a free society to express those views. After all people fought and died for that right too.

[policematrix]

 

You'll get me into trouble.  I am amazed how PM's views on things can be so wrong and at odds with what I think.  He is the exact opposite of me with every single thing he posts on here.

 

bj

I dont think your alone so dont worry 

Look im pretty sure when slaves used to get fed they thought "it could be worst" and yes I know this country is a good place to live BUT it could be so much more , and 10 years ago I would agree I could buy a few bevies and afford a pretty decent lifestyle , decent as in I had some spending money , Now its all bills and food , and the people who put is in this mess still have there jobs and nice lifestyles , While we worry if are jobs will even last the duration of our mortgage .

Like I say if you're happy with all that goes on around you then fine .

And always feel free to voice your opinions on my threads thats what they are for , thats why I love this forum its such a diverse mix of society.

[policematrix]

One thing I would change is the option of having "none of the above" on voting slips. Thus allowing a specific, quantifiable protest vote in the voting system.

This is the worst thing for me like has been said we fought for the right to vote , but now when I go to place my vote I feel like its all the same party , same ideas , same lack of any interest after winning an election and vice versa before , and this is nothing against conservatives or liberals or even labour as they are all basically the same .

Get into power then spend 5 years blaming the party before them .