Podcast E03 – Youtube Future – Socialist State – Bitcoin Debate

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chueeWill WadeMr No NameNathan WestveerJuan Pablo Silva Alvarado Recent comment authors
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GOMF3602
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Noble Member
GOMF3602

1. Re: Bitcoin-Leaning toward Mandy here but not because of the infinity issue, but because the existence and value of crypto currency depends on the existence of electronic infrastructure like computers, internet, cell phones etc. What is your non-existent Bitcoin worth if those are taken away? I personally will stick with gold, silver, ammo, guns, gas, food, alcohol and generators as wealth storage tools that can be bartered and would still be useful if the electronics are gone. 2. Re: Cloward and Piven, Leaning toward No-Name because of the emphasis on how you cannot look at the implementation of the plan elements in isolation from one another. Mandy is right that you cannot live a good life on welfare, however the fact that you are getting SNAP food card, an AFDC check, and Section 8 housing, combined with the class-race warfare, destruction of the family structure, the fake media telling you that Conservatives want to take those things away, creates the perception that the liberals are your friend, leading to one party government in places like Chicago (36 miles away from me) which in turn leads to more poverty, class warfare and the others feeding itself like a nuclear reactor.… Read more »

chuee
Member
Member
chuee

Good point about Bitcoin. (but I don’t think that was the argument Mandy put forward – your point is something else). Nonetheless, bitcoin is like gold, would mirror gold except for when fiat currency exists to provide currency speculation. In the end, gold and such are and valuable commodities are the best currency, other than barter.
Nonetheless whilst Central Bank fiat currency exists, then it is in competition with gold and Bitcoin, and neither can be reliable due to practices designed to strengthen fiat at probable cost to holders of gold and Bitcoin, including limits to use of electronic devices for Bitcoin.

jimmer
Member
Noble Member
jimmer

Good to hear you are both back. All eight Cloward and Piven initiatives have been accomplished. Pretty damn scary. And a big shout out to Republican leadership. It’s up to us to turn it around.

Cat
Member
Noble Member
Cat

Accomplished in full in Australia

Cat
Member
Noble Member
Cat

I’m with Mandy on the Bitcoin. All I see Bitcoin as being is another currency I didn’t get into early enough so it will be difficult for me to obtain. I can’t see myself working or creating a product and then being told I will get 1/10000000000000th of a virtual coin in payment. OMG …. Yes it will ptobably have it’s uses but by that time I will be full on onto the old fashioned barter system where I will swap you a box of home grown veggies for some steak and milk.

In Australia we may not even have base load power in 5 years that can charge my phone so I could pay for anything with my bitcoin… and that is an honest to god true fact….. and not the Bricks & Mortar god either….

I have lots more I could go into but it is Sunday morning and I’m going out to tend my veggie garden in preparation for future bartering!

Grest podcast….

DrHaribo
Member
Member
DrHaribo

If someone gave you a $5000 worth of bitcoin, would you really care that you didn’t get “a whole coin” ?

Cat
Member
Noble Member
Cat

I don’t think you understand what I am saying.
I am talking about the concept in terms of a belief system, people will need to incorporate this into their daily life….
The theory is probably sound, numbers add up, and it all probably shines like gold….. but will enough people use it?

By the time you start talking in 0.00000001 amounts I’m going nope thanks…. and then you discover there is only a limited number? My brain goes don’t trust a limited market….

I have not purchaed anything from America for several years other than a book I really wanted because the exchange rate of 0.71c to the AU $
You then say hey buy bitcoin with that $1 and how many will I get??? My belief system says no!

I’m not a math person. This does not only not compute in my head but when I go to the farm gate to get my produce (which I actually do) I want to pay cash….

Then throw in the socialist governments wanting to know everything you buy and sell and a cashless society…. ah… no thanks!

DrHaribo
Member
Member
DrHaribo

I don’t understand why it matters how many you have. What matters to me is what others are willing to give me in exchange for the bitcoin.

You are right that people will need to incorporate it into their daily life. This is a big hurdle for bitcoin to become mainstream. It’s easier for government which forces you to use their money. I still hope voluntary solutions will win out over time. In my opinion using force and violence against peaceful people is immoral. I think voluntary cooperation for mutual benefit is the most powerful tool that we have. I guess that’s part of a belief system.

Cat
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Noble Member
Cat

I love the picture! ????

Mandy
Admin
Noble Member
Mandy

yes i remember that picture very well..he kept freaking me out by standing on the edge of a 15ft drop to the ocean. Wonderful times grin

Cat
Member
Noble Member
Cat

Hm… was he checking to see if he could climb the cliffs when he sneaks back in by boat? ….. oh, hang on…. boat people are what we in Australia have a turn back policy on! ????

Charles Harris
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Trusted Member
Charles Harris

Divisiveness, keeping the people conflicting with one another, makes it easier to quietly chip away their freedom. With great numbers of people unable to fully support themselves on minimum wage, they’re already on the government’s test food stamps.

madvinmryk
Guest
Trusted Member
madvinmryk

This would be a great video to play at school.These are the kind of things we need to teach our children. Well done Mandy and Reece (sp?). I’m with Reece concerning bit coin. He’s right.

John Yee
Member
Member
John Yee

Basically I get both points on the bitcoin debate but agree with Mandy in the end. He is wrong that one of you two have to be right. There are only two belief systems between the two of you. There are more. We don’t have to agree with any of them. You could both be partially right in someone’s else’s belief system.

Tona Bernard
Member
Member
Tona Bernard

What does ram mean?

Cat
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Noble Member
Cat

On the future of YT I think it will go in the direction of all leftist ideological businesses…. down. They all have so much going for them and then identity politics is thrust upon them by some minority loving CEO and the people go wtf And stop using them.

Nathan Westveer
Member
Member
Nathan Westveer

Mandy, Hitler is a perfect example of a leader blaming the 1% and installing Socialism. Hitler was the workers rights candidate. Just read any speech by him. It’s black and white.

Darshu
Member
Member
Darshu

I can’t find any information on Benjamin Franklin being a slave.

Mandy
Admin
Noble Member
Mandy

read his biography and an old history book

Sonny
Member
Member
Sonny

A bit of sensationalism going on here– which you don’t need an old history book to verify.

Franklin may have considered himself a slave to his brother while working for 5 years (age 12-17) as a printing apprentice (which we can only assume involved harsh and under compensated working conditions) but this really depends on your definition of a slave. According to Charles Galton Darwin (grandson of Charles Darwin) in his 1950’s book, “The Next Million Years”, slavery has always existed in form of another. You can argue that anyone currently using fiat currency is a slave to a government whereby you have no legal right to barter and have been stripped of your freedom to be the master of the fruits of your own labor/earnings. Most of that fiat currency earnings will go right back to them in the form of taxation. In other words, most of us are currently “slaves” which probably includes you, Darshu . To paraphrase Alan Watt , it’s time for you to wake up to that realization; particularly if it bothers you or you wish to change that circumstance.

Harrison18111
Member
Member
Harrison18111

My response to a liberal won’t fund a new YouTube with a dedication to free speech:
Well, to be fair, many liberals are fed up with the status quo. So much so that i recall the Democrat email leaks came from inside the party, by someone who who disliked how things were being operated. So, help to provide a platform for free speech could come from anywhere at this point.

Also, I maybe blind, but where did you hear Benjamin Franklin was a slave? I can’t find it on Google

Plus, what is the MSM when it goes nuclear? I think for me their nuclear is just how I see them as normal day-to-day nowadays. Of course, I don’t watch them ever so …

DrHaribo
Member
Member
DrHaribo

The smallest amount of bitcoin is 0.00000001 BTC, which is worth 0.000083 USD right now. Changing this requires changing bitcoin (through a so-called “hard fork”), which again requires consensus.

DrHaribo
Member
Member
DrHaribo

The argument that if you split gold or bitcoin into fractions that are so small that they are worthless, then gold and bitcoin loses its value: 1: no, even tiny fractions have a tiny value, 2: why would anyone do this – you use fractions that are useful to you. If the value of 1 unit goes up, then you use smaller fractions.

chuee
Member
Member
chuee

That was fun, you’re way of disagreeing! As for bitcoin: it gets as small as people request, and assent to. Only the transaction must be desirable. Though it’s division is unlimited at outset, the division is the place where it abides, which is likely to be the value of the cheapest thing on the market, no less; for there would be no need of smaller division. There is not going to be a sudden rush to divide it up at an exponential rate. Where its division abides is where it needs to be, according to demand. A real life example can be given by the purchase of bread; if someone is selling bread by the loaf in bitcoin and 1 bitcoin is worth a million loaves, then it would be divided into a million, as required by the transaction. Someone gets to eat, and more bread gets made. Speculation on bitcoin, so as to drive the price up, make no difference; if its ten million GB pounds per coin, £1 per loaf of bread, then for a loaf of bread transaction, it gets divided into ten million parts, and a nice name could be given to it. The cheapest thing… Read more »

chuee
Member
Member
chuee

Also, I should add, that If ‘very rich’ speculators buy up and hold onto bitcoin, that would be a driver to its further division. But there would be no profit for holding it until sold. If it were exchanged for gold, then that is a stable system.. no great profits for such dealings. IN fact Bitcoin in the absence of fiat currency would mirror the price of gold.
It’s fiat currency with its great deceptions of debt-inflation and printing more on futures/bonds that primarily permit currency speculations and all the other evils in the Globalist cartel’s system of control an rule.

Will Wade
Member
Member
Will Wade

Rosentine is auditioning for rumplestinkin. He cannot hide his inner serpentine, you could almost see the forked tongue slither. He resents life. Beyond hope. Poor fellah.

Nathan Westveer
Member
Member
Nathan Westveer

Is this a Podcast I can subscribe to on a Podcast player app? IF not, it’s very easy to Publish the Podcast XML. Talk to Adam Curry, the inventor, and host of the No Agenda show. He’ll help you.

Juan Pablo Silva Alvarado
Member
Member
Juan Pablo Silva Alvarado

I’ll side with mandy. There’s a reason lightning channels are being open. In the future developers expect the cost of the transactions to cover the cost of the network (if not subsidized by governments or big companies, which they will gladly accept). So no regular person will be able to use the blockchain directly, at which point everyone will be using just regular banks as early as 2025.

I myself went into Bitcoin, even developed for it, but now I realize just how horrible a future and close to a religion it’s. Most newbies are justifying with “whataboutery” anything they can get as an use case because they expect to get rich out faith without giving anything back to society. Be honest and tell “Is an opportunity to get rich and nothing else. I don’t care who loses what, I wanna be a banker too”.

Changing a master for another one is no freedom, just a trade.

Juan Pablo Silva Alvarado
Member
Member
Juan Pablo Silva Alvarado

If you wanna really know about Bitcoin, ask Preston J. Byrne. Probably the most respected critic of Bitcoin. He’s a great guy who loves marmots.

Sonny
Member
Member
Sonny

Interesting debate on bit coin…but misinformation can unnecessarily muddy the waters AND close your mind to possibilities. I can appreciate all opinions. However, all comments are not opinion. Sometimes comments are facts and other constitute false information. For example 1 gram is not the smallest increment in which you can exchange gold. You could (and maybe still can) actually buy 1/10 of a gram of 24 karat gold by purchasing an “Aurum” from Peak Prosperity.com. I have one. I’m not promoting anyone else doing so, but the technology is clearly there to transfer gold in this quantity. It seems to me that it does open up, once again, the practical possibly of trading in precious metals rather than fiat currency. Who knows, the technology may change in the future to allow any even smaller increment to be exchanged. But one thing I do know is that misinformation helps nobody; in this debate or any other. Another comment that is being thrown around is the idea that bitcoin is a form of fiat currency. Is it? My understanding is that fiat currency must be backed by a government that issues it. Which government is issuing bit coin? None to my knowledge.… Read more »

Harrison18111
Member
Member
Harrison18111

One Crypto Currency that is unique, and is actually backed by something is called Steem.
So, on Steemit.com, which is essentially a website like Reddit, except steemit pays its content creators, for likes, and views, with its crypto currency Steem. Which is mined in the background like your website does.

BrendanHickey
Member
Active Member
BrendanHickey

I am surprised their isn’t a welfare system in the USA, I am a young unemployed single man and I get £780.82($1051.57) per month. This is how much the government says I have a legal right or live off. This also doesn’t include free dentistry, health care and other grants that help. I always feel bad because my mum works hard and I always have more money than her and need to borrow her cash all the time. But their is no point in working if I get less money for work.. Its a very weird system we have in the UK.

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