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StefanMolyneux's profile
Stefan Molyneux
Stefan Molyneux
Stefan Molyneux
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@StefanMolyneux

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Stefan MolyneuxVerified account

@StefanMolyneux

Peaceful Parent, Philosopher and Host of Freedomain Radio. http://freedomainradio.com  http://youtube.com/freedomainradio 

artoftheargument.com
Joined June 2011

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    Stefan Molyneux‏Verified account @StefanMolyneux 10 Dec 2017

    It’s great that the price of bitcoin is fluctuating, because that means people are selling some, making some money, and talking about it with their friends – thus raising the profile of next-generation currency.

    9:08 AM - 10 Dec 2017
    • 66 Retweets
    • 358 Likes
    • DoUEvenBitcoinBro? James Hoosier NotPeter亞 Wakeley Sumari Porter The boy with the 40 y/o hairline Jos Duerinck Applied Wisdom 🛡️ Pavel Saenz
    29 replies 66 retweets 358 likes
      1. New conversation
      2. MarcoOscuro‏ @OscuraPraetoria 10 Dec 2017
        Replying to @StefanMolyneux

        Bitcoin is the next chapter in the book "Extraordinary Popular Delusions and the Madness of Crowds".

        1 reply 1 retweet 5 likes
      3. 1 more reply
      1. New conversation
      2. Steve Kusaba‏ @MusicalKasparov 10 Dec 2017
        Replying to @StefanMolyneux

        Just why people don't grasp that the state will step in and make it illegal (the process begun under SB1241) after it stole everyone's gold under Roosevelt is hard to imagine. You are in occupied territory, expect extreme measures.

        1 reply 0 retweets 2 likes
      3. HamboneCapitalist‏ @HBCapitalist 10 Dec 2017
        Replying to @MusicalKasparov @StefanMolyneux

        Whose state are we talking about? Bitcoin is a globally traded currency, & not all foreign governments are aligned with trying to ban cryptocurrencies. Some small countries are begging crypto millionaires to come to their countries where they have it completely legal as currency.

        2 replies 0 retweets 0 likes
      4. Steve Kusaba‏ @MusicalKasparov 10 Dec 2017
        Replying to @HBCapitalist @StefanMolyneux

        98% of the worlds ruling classes know they are threatened by cryptocurrencies. Legislation against them is already underway in many places and unlikely to subside. Bitcoin is wonderful but don't think the vampires that rule the world are going to go down that easily.

        1 reply 0 retweets 1 like
      5. HamboneCapitalist‏ @HBCapitalist 10 Dec 2017
        Replying to @MusicalKasparov @StefanMolyneux

        Tell me how they will enforce those laws, though? Do you know how many people are using cryptocurrencies, even in their infancy stages? By the time they come up with some bureaucratic crackpipe piece of fantasy legislation they think will regain their power, it'll be too late.

        2 replies 0 retweets 0 likes
      6. Steve Kusaba‏ @MusicalKasparov 10 Dec 2017
        Replying to @HBCapitalist @StefanMolyneux

        Read S1241. Its part of that web of statutory law which will envelope the cryptos. They will call in the SEC to regulate them as well. Then they will begin their take downs via the banks, who have been buying to have supply to dump. Bitcoin is NOT battle tested.

        0 replies 1 retweet 1 like
      7. End of conversation
      1. New conversation
      2. Chris Granz - NO WAR‏ @chrisgranz 10 Dec 2017
        Replying to @StefanMolyneux

        Exactly, I've had so many discussions lately with family/friends about the nature of money and especially govt fiat and how it's used to enslave us. Great discussion starter!

        1 reply 0 retweets 6 likes
      3. 1 more reply
      1. New conversation
      2. Zak Pullen‏ @zak_pullen 10 Dec 2017
        Replying to @StefanMolyneux

        You know that not everyone gains don't you?

        1 reply 0 retweets 1 like
      3.  ❌#DismantleTheFed 🇺🇸‏ @Trump_Landslide 11 Dec 2017
        Replying to @zak_pullen @StefanMolyneux

        Everyone who sold at the top sold to some poor schmuck who bought there and watched the price plummet. It's sad that more people don't put that together.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Carl Brannen‏ @CarlABrannen 10 Dec 2017
        Replying to @StefanMolyneux

        We're pretty sure that if the price of bitcoin were stable (like gold for instance), you'd be saying that this proves it's a reliable form of money.

        2 replies 0 retweets 0 likes
      3. Chris Green‏ @heuristics 10 Dec 2017
        Replying to @CarlABrannen @StefanMolyneux

        And it would be true, but it would not be a popular and reliable form of money. For popularity you need price fluctuations for quite a while.

        2 replies 0 retweets 0 likes
      4. Carl Brannen‏ @CarlABrannen 10 Dec 2017
        Replying to @heuristics @StefanMolyneux

        The value of money in business is its lack of fluctuation. It's a matter of predictability. This applies to exchange rates, interest rates, everything business related. Read any business economics textbook.

        2 replies 0 retweets 0 likes
      5. Carl Brannen‏ @CarlABrannen 10 Dec 2017
        Replying to @CarlABrannen @heuristics @StefanMolyneux

        The gold standard lasted so long cause it provided business with completely predictable exchange rates. Bit coin is failing at providing predictability. The bitcoin problem is the reverse of the Mark inflation problem of the 1920s. It's the reverse but it is still a problem.

        0 replies 1 retweet 1 like
      6. End of conversation
      1. jcaldwell‏ @jcaldwell 10 Dec 2017
        Replying to @StefanMolyneux

        Quantum supremacy is blockchain supremacy.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Beirutsi  🇱🇧 #BDS #FreePalestine of zionists‏ @Beirutsi_hy 10 Dec 2017
        Replying to @StefanMolyneux

        Where do you cash out?

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. New conversation
      2. Alicia Dede‏ @AliciaDede 10 Dec 2017
        Replying to @StefanMolyneux

        That seems, to me,the next generation http://dot.com  or Tulip fever debacle.

        1 reply 0 retweets 1 like
      3.  ❌#DismantleTheFed 🇺🇸‏ @Trump_Landslide 11 Dec 2017
        Replying to @AliciaDede @StefanMolyneux

        It could turn out to be quite the debacle, but blockchain tech will still eliminate the need for government issued currencies in the future, along with the corruption of elected officials they entail. Bitcoin's huge bubble is just a small part of the monetary revolution going on.

        5 replies 0 retweets 0 likes
      4. Alicia Dede‏ @AliciaDede 11 Dec 2017
        Replying to @Trump_Landslide @StefanMolyneux

        Denmark is putting away all their cash, all card or electronic money management. Therefore, Danish are collecting cash for the future. Call it electronic possible collapse or revolutionary funds.

        0 replies 0 retweets 0 likes
      5. End of conversation

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