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I QUINTUPLED MY INVESTMENT IN TEN DAYS WITH LiteCoin! – Freedom Feens live radio archive

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The Freedom Feens discuss “In America, the Streets Are Paved With Gold and The Government Sends Men From Helicopters To Pick Your Weeds”, true Free Markets, BitCoin, LiteCoin, advantages and disadvantages of gold vs. BitCoin, how it now seems seditious to be quoting founding father James Madison, Obama and George W. Bush’s war on piano teachers and grandmas, gray Thursday (and why it’s NOT anti-family), black Friday, Gold Saturday, why “international buy nothing day ” is now being imitated by the US government and how it could turn America into North Korea – and how Crypto-Currencies can save you from that, Bitcoin: the honey badger of money, and Michael W. Dean’s great self-help libertarian book, A User’s Manual for the Human Experience.

Electronic Frontier Foundation PSA for your podcast or radio show.

Read Lysander Spooner’s “No Treason.”

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AMERICA IS SO RICH

3 thoughts on “I QUINTUPLED MY INVESTMENT IN TEN DAYS WITH LiteCoin! – Freedom Feens live radio archive

  1. Huh, I was told shopping on thanksgiving was called brown Thursday by jimmy kümmel.

    Either way I don’t like it, I may not be a believer in federaly mandated holidays. But I am a believer in giving people a day off if they want it.

  2. That point about intrinsic value hung me up and prevented me from really investigating Bitcoin for at least 6 months. Then I figured something out that might make a difference to you and others.

    No one seems to ever get around to asking the question “Why must a money have intrinsic value?”

    First off I think we can say that there is no such thing as intrinsic value. Value is subjective. But that isn’t really what is meant by the term. I think what is meant is that the commodity must have some value to some people apart from it’s use as a means of exchange or a store of value. Every other money in history has had this even fiat monies. But I don’t see it as an essential quality for something to be used as a money. I think the idea has been misinterpreted. It isn’t that whatever IS used must have intrinsic value but that nothing that didn’t have intrinsic value has seldom become money in the past. Therefore if something doesn’t have it then it is unlikely to become money. Bitcoin already is money.

    Gold has value outside of it’s use as money. This is mainly in electronics and jewellery. But so what? All it means is that if gold loses it’s value as a money it could still be used for those purposes and traded as such.

    How much of the current price of gold is it’s use for other purposes than money? I don’t know and I don’t know if that is even knowable. But I think I do know it is considerably less than it’s current price and probably less than 10%. Whatever it is if everyone stopped holding gold as money tomorrow then whatever problem people believe intrinsic value fixes it doesn’t fix a whole lot.

    Worms

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