doctorow at March 6th, 2014 21:00 — #1
xof at March 6th, 2014 21:08 — #2
I am extremely pro-BitCoin. Any tax on stupidity and greed is to be encouraged.
fuzzyfungus at March 6th, 2014 21:15 — #3
There are no longer things money can buy, so for everything else, there's MasterCard!
I'm sure our economy's valiant middlemen would be happy to assist.
nicnivian at March 6th, 2014 21:50 — #4
There is a story here in Australia about a woman who is rallying to have BitCoins banned.
The reason being, that while she was away from home, her son bought cocaine from an online merchant that deals with BitCoins and he overdosed and died.
I understand that she would be in pain, and needs something to blame. But really...
jacob_ewing at March 6th, 2014 21:52 — #5
Very amusing. I must say though, that contrary to one of the points given, bitcoins and other crypto-currencies are far from carbon neutral.
Perhaps though, that was just satire of the inaccuracies in the original.
dloburns at March 6th, 2014 21:55 — #6
Unlike digital currencies, which are carbon neutral allowing us to breathe cleaner air, each dollar bill is manufactured from virgin materials like cotton and linen, which go through extensive treatment and processing. Last year, the Federal Reserve had to destroy $3 billion worth of $100 bills after a “printing error.” Certainly this cannot be the greenest currency.
I see what you did there, Senator.
stephen_schenck at March 6th, 2014 22:14 — #7
Speak for yourself; I compute all my SHA-256 hashes by hand.
eksrae at March 6th, 2014 22:30 — #8
Let's get him to try and ban dihydrogen monoxide.
redesigned at March 6th, 2014 22:57 — #9
It IS a "gateway currency" after all...
kimmo at March 6th, 2014 23:34 — #10
eraserbones at March 7th, 2014 00:46 — #11
Unlike digital currencies, which are carbon neutral allowing us to breathe cleaner air
...except they aren't. Mining bitcoins involves a huge, meaningless use of electricity. http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day/
jsroberts at March 7th, 2014 04:16 — #12
He's hardly the first to make those arguments against cash, even if he wasn't being completely serious:
nell_anvoid at March 7th, 2014 08:16 — #13
You know, this might be quite important to me...if I really understood the fundamental valuation of bitcoins. I don't...and judging by the recent news about bitcoin exchanges, I don't really think I need to bother.
technogeekagain at March 7th, 2014 08:38 — #14
Personally, I would love to ban dollar bills. Take a lesson from the Canadians, introduce a two-dollar coin, and start bills at five.
I know, not the issue under discussion here. Just a point of personal peeve.
(I understand the philosophical appeal of bitcoins. I just think they're in the process of slowly and expensively and destructively demonstrating why online payment is a much harder problem than most people think.)
cowicide at March 7th, 2014 09:09 — #15
Rep Jared Polis (who proudly wears Boing Boing tee-shirts in his spare time, and rocks some snazzy duds on the floor of Congress) wrote a mock-serious request for dollar bills to be removed from circulation, pointing out that practically every objection that Manchin raised over Bitcoin applies equally well to paper money.
Sounds like a promising candidate for the presidency, perhaps?
cocomaan at March 7th, 2014 09:15 — #16
Oh, don't worry, cash will be banned soon enough. National securities reasons will be cited, the fact that the $100 bill is the most widely traded and widely counterfeited bill used as evidence of cash's danger, and so on.
After that, all your spending will either be cleared through the federal reserve or through a private company.
ambiguity at March 7th, 2014 09:44 — #17
Speaking as a West Virginian, I really hate Joe Manchin. He's probably the second worst thing that's happened to WV is recent years (the first being his predecessor, Robert Byrd, who did everything in his power to keep WV poor by turning it into a welfare state of the Federal government).
Hey, but at least Manchin (D-WV) is an avid supporter of mountain-top removal -- we can be poor and environmentally wrecked at the same time!
incarnedine_v at March 7th, 2014 09:55 — #18
Maybe they should just make Cocaine illegal instead, that would surely stop people from.... oh wait. never mind.
jacob_ewing at March 7th, 2014 10:07 — #19
On paper no doubt - TREE KILLER!
I on the other hand draw my computations in locally farmed maintainable sand.
clamb at March 7th, 2014 10:44 — #20
Much cash has already been "banned". Since 1969 bills with a face value of greater than $100 are withdrawn from circulation whenever the government gets its hands on one.
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