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Will McCrory listen?

He didn't listen

to what Taylor Batten had to say.

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"What I see from the folks who are opposing our agenda is whining coming from losers." -- Thom Tillis

Heading back home from the hospital

where my mom has been since the day after Thanksgiving. But things are looking better, at least until the new medical bills roll in.

She actually has pretty good coverage (Medicare/United Health), but the last six months have amounted to somewhere in the neighborhood of $40,000. Even her much smaller share of that is going to be a hefty sum.

Housing bubble 2.0

That is scary

But it was only natural that the money, which prior to the previous bubble was concentrated almost exclusively in US mortgages, would end up being dispersed throughout several other countries this time around.

BS attacks by Myth Mongers on Bit Coins

"BitCoin Sucks" Paraphasing James

Uh! Stick to Bashing Repubs and their Police State Corporate Agenda ..Currency issues is not your strong point, since you don't know what is going on in the current Global "Currency Wars",, The Dollar is toast and the Chinese Yung has replace the Eurpo as the number 2 Currency in the World as of yeterday.....Your link to those who bash Bit Coins hasn't got a clue except to promote the talking points of the 1% Wall Street Bankgangters and the Federal Reserve Panic Plan to print more electronic money to surport the " To Big To Fail Criminal Terrorists"

You would be better off believing in the Easter Bunny and Santa who will save the Day for the phony genric Paper currency Paradise..

Your good Friend on real money matters that affect all of US..The Lizard

I didn't get the top job as the Spiritual Adviser to the 7th Day Atheist movement for being stupid!

A basket of fish

I'm not an economist, but there's a few things about Bitcoin that strike me as problemmatic.

Historically, currency is simply a means for exchange between people in a country or society. Rather than hauling around a bushel of wheat on my back or carrying a basketful of smelly three-day old fish, I can use a proxy - gold, stones, papers or even something electronic - to represent the fair market value of that bushel of wheat or basket of smelly fish. By recognizing the currency - the proxy for something my little economy has or can produce - I or the neighbors I trade with have faith that the proxy has a certain worth.

Libertarians point to traditional paper-based currency as a problem because a government can manipulate its value. Consider the Weimar Republic printing up a bunch of worthless paper money that cascaded downward in value.

The central problem that I see is that a traditional currency - the dollar, the franc, the British pound - represents the total economy of a particular country organized around that currency. If that country can't produce or is unstable, the currency doesn't have much value in relationship to other countries.

Bitcoin knows no national borders. It doesn't represent the economy of a country or region.

However, it does represent the economy of a particular group of people. It's users.

And who are its users?

There's a variety of people using Bitcoin, but it's attracted individuals and groups who have one big motivation - moving around small or large amounts of cash that can be impossible or difficult to trace or that avoid laws and regulations of specific countries.

It seems to me how much value you attach to a Bitcoin or faith in it as a currency really depends on how you view this underground economy. Is the economic activity of the drug or illegal arms trade or things like hacking services as strong as the activity of the economy that a dollar, franc or pound sterling based on?

The other part of the equation is how portable a currency is. It's fairly easy to "buy" a Bitcoin, but how easy is it to convert a single Bitcoin or a large number of Bitcoins to a traditional currency like the dollar?

In my mind, the danger that Bitcoins face is that they won't be easily portable and convertable into a stable, traditional currency like the dollar due to government regulations that discourage money laundering for illegal activities. In that case, you'll wind up finding easy conversions in smaller countries willing to allow Bitcoin as an option and you'll have to convert your Bitcoins to Ruritania pounds and then take that and convert it into dollars.

At that point, Bitcoins become the electronic equivalent of gold bars, raw diamonds, or a few kilos of heroin - a currency used by an underground economy made up of criminal activity or shady businesses trying to hide what they're doing, but not one that a typical person would use to go out and buy a bushel of wheat or a basket of fish.

Sure, your gold bars, raw diamonds or heroin might be valuable, but to actually have economic value outside of the underground economy, it has to be as spendable as any other currency. Bitcoins aren't.

In Raleigh today

I spent a good bit of the day in court today listening to brilliant Constitutional law being wielded by Irv Joyner on the Moral Monday charges. When I returned from lunch, my lawyer informed me that I was free to go and that the charges against me were dismissed. I was very happy but later when I got home and looked at the news, it seems that Rev. Barber and 12 others were found guilty. I'm so confused. Why is the court continuing to prosecute these blatantly absurd charges? Political speech is highly protected in the constitution.

Progressives are the true conservatives.

Continuing to prosecute is stupid

and the rulings seem arbitrary and apparently random.

This is not justice (but glad to hear that your charges were dismissed...not that you should have had to face them in the first place).

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"What I see from the folks who are opposing our agenda is whining coming from losers." -- Thom Tillis

As with all of the most stupid...

It shines a light longer on the issue with the news coverage and discussion generated. I personally know at least two people who didn't know a thing about the Moral Monday protests who do now.

Progressives are the true conservatives.

Okay! How About Lite Coin?

At that point, Bitcoins become the electronic equivalent of gold bars, raw diamonds, or a few kilos of heroin - a currency used by an underground economy made up of criminal activity or shady businesses trying to hide what they're doing, but not one that a typical person would use to go out and buy a bushel of wheat or a basket of fish.*TR

Uh! Happens all the time in so-called 3 rd World Counties.. People trade like crazy with real Camels and Goats for Rock Star DVD's like in ancient history, 1. Roman Republic, Gladitor Sweat in a Tear Glass Container got a Fan Seat closer to the action or One could horse trade it for a night out on the town...Yep, they had Rock Stars just like today.. There will be thousands of Bit Coin Copy Cats in the next couple years if the NSA does not hack their Sites........A Copy Cat Bit Coin operation open up in Kenya last week and has recieved almost 50 million USA Dollars in their Computers and fiqure they will get 1.2 Billion in year or so.. from their citizens who are low pay Workers in Foreign Counties..Sorted like the USA is becoming .. If you are looking for the real money crooks who laundry evil money, look at your present day Gold-Sachs or London Banks as the prime example of real !% who steal all the time without fear of going to Jail..

Sent me your Bit Coins or whatever it is in paper and in 1 day I will drop real money < Gold on You>