Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

Discussion in 'Science and Technology' started by Gorilla, Mar 5, 2014.

  1. Gorilla

    Gorilla Well-Known Member MEMBER

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    Source: http://techcrunch.com/2014/03/05/congressman-calls-to-ban-u-s-dollar-in-response-to-bitcoin-ban/

    Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

    Congressman Jared Polis is calling on the Treasury to ban physical dollars in response to Senator Manchin's plea to ban Bitcoin. "The exchange of dollar..
    techcrunch.com
     
  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Let's not leave out the Penny, lol:

    Some say the United States should stop using pennies because the cost of producing the coin is now higher than the value of the coin. Even the US Mint admits that the cost of producing a penny in 2007 could be as high as 1.4 cents. Pennies are no longer made from pure copper, which would make the minting of them prohibitively expensive, but rather from zinc and a thin coating of copper. Supporters of the penny often suggest that the US government should continue to produce the coin, only with cheaper metallic alloys than zinc or copper.

    http://www.wisegeek.com/should-the-united-states-stop-using-pennies.htm

    Should the United States Stop Using Pennies? (with pictures)

    There's a lot of debate about whether the US should stop using pennies. Some people say that it should stop using pennies because...
    wisegeek.com



     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Currency,




    I.R.S. says bitcoin should be considered property, not currency

    [​IMG]


    The Internal Revenue Service announced on Tuesday that bitcoin should be viewed and taxed as property, giving a little clarity to the shifting regulatory landscape of virtual currency.

    Despite the fact that many users treat bitcoin like a regulated currency, “it does not have legal tender status in any jurisdiction,” the agency said.

    suggested reading:
    http://finance.yahoo.com/news/r-says-bitcoin-considered-property-185947019.html



     
    Last edited: Nov 29, 2017
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    The Truth About /r/Bitcoin And /r/btc

    [​IMG]
    nopara73
    Chief Redditor of TumbleBit. Creator of HiddenWallet. I love pizza: 186n7me3QKajQZJnUsVsezVhVrSwyFCCZ
    Nov 22

    ... This may sound ridiculous, and of course it is. I let you read the point by point rebuttal of /u/thieflar, if you are interested in this particular chapter. Rather, in this article I would like to go into how the hell did we end up here? ...


    [​IMG]

    ...



     
  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    Bitcoin's price is collapsing and people can't trade because 2 big exchanges have crashed

    [​IMG]
    Becky Peterson
    Business Insider

    https://finance.yahoo.com/news/2-biggest-cryptocurrency-exchanges-experiencing-183654918.html

    Bitcoin's price is collapsing and people can't trade because 2 big exchanges have crashed

    Two of the biggest cryptocurrency exchanges, Coinbase and Gemini, crashed on Wednesday morning, making it impossible for many users to buy or sell digital currency. Coinbase said it saw "all-time-high traffic" that contributed to system outages....
    finance.yahoo.com

    [​IMG]
    Brothers Cameron (L) and Tyler Winklevoss talk to each other as they attend a New York State Department of Financial Services (DFS) virtual currency hearing in the Manhattan borough of New York January 28, 2014. REUTERS/Lucas Jackson

    [​IMG]

    [​IMG]


     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    You Don’t Understand Bitcoin Because You Think Money Is Real
    [​IMG]

    Maria Bustillos
    change my mind
    Nov 30




     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    How to Reinvent Money
    Bitcoin Won’t Replace Currency. Here’s Why

    [​IMG]
    umair haque
    vampire.
    Nov 29

    It’s a frenzy. Bitcoin’s reached soaring heights. Should you buy it, hold it, keep it, sell it? And in the bigger picture, will these currencies displace money — reinventing it? Let’s think about it together ...

    https://eand.co/no-bitcoin-wont-replace-money-but-it-might-replace-something-else-10a42df0eef7

    How to Reinvent Money – Eudaimonia and Co

    Bitcoin Won’t Replace Currency. Here’s Why.
    eand.co





     
  9. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    The convergence of AI and Blockchain: what’s the deal?
    Why a decentralized intelligence may affect our future
    [​IMG]
    Francesco Corea
    Complexity scientist, data strategist, tech investor and AI advisor. All opinions are my own.
    Dec 1

    ... This article wants to give a flavor of the potentialities realized at the intersection of AI and Blockchain and discuss standard definitions, challenges, and benefits of this alliance, as well as about some interesting player in this space ...

    https://hackernoon.com/the-convergence-of-ai-and-blockchain-whats-the-deal-60c618e3accc

    The convergence of AI and Blockchain: what’s the deal?

    Why a decentralized intelligence may affect our future
    hackernoon.com




    ...


     
  10. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    Cryptocurrency: The Good, The Bad, and The Future of Money Supply
    99% of Cryptocurrencies are total scams. And, yes, Cryptocurrencies are in a bubble

    [​IMG]
    Hackernoon
    Staff Account, working to bring you the best **** for hackers at noon.
    Dec 1
    By James Alctucher. Originally published on JamesAltucher.com


    ... I’ve never written about Bitcoin and cryptocurrencies before, but there’s a reason I want to start now, we’re in a hype bubble.
    It doesn’t mean cryptos or bad, it doesn’t mean you shouldn’t buy, it just means….there’s a lot of hype and scammers out there; we’ve seen this story at least twice before in past 20 years and many people have gotten hurt ...


    https://hackernoon.com/cryptocurrency-the-good-the-bad-and-the-future-of-money-supply-2f4bb021abc4

    Cryptocurrency: The Good, The Bad, and The Future of Money Supply

    By James Alctucher. Originally published on JamesAltucher.com
    hackernoon.com


     
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