PQC: The fundamental principle in which Cryptocurrency Bitcoin was born is anarchism. Decentralization and no authority. Therefore an anarchist would be a bit-coiner naturally. Ron Paul is just an old school libertarian in a more mainstream conservative capitalist side, who strongly advocate gold as a solution for and to liberty and economic as a whole in a minimal government “existence”. That’s why Ron Paul and many so-called libertarian did not realize the true liberty revolution had begun and started in 2009 when Bitcoin was born.
Ron Paul “question” has shown that even now he has not got it yet! His question is mainly concerned with material value of gold and bitcoin in term of fiat dollar in the long term a.k.a inflation. Of course, a financially well informed person would pick Bitcoin given the Bitcoin current statistic.
But the question is misleading. The fundamental value of Cryptocurrency-Bitcoin is not just about deflationary nature, but freedom of economic and finance. Bitcoin is decentralization. Bitcoin is freedom. Bitcoin gives people a true free market where sellers and buyers with interact with one another in total control and full responsibility of their money and their transactions without border, without restriction of time and space, without being annoyed, harassed, ans spied on by parasitic banks and governments.
Freedom loving persons and anarchists love Bitcoin because they all love and cherish freedom. Freedom is self-responsibility.
“Freedom is the will to be responsible for ourselves.”― Friedrich Nietzsche, Twilight of the Idols.
Bitcoin has no authority. Freedom is no authority.
$10k in Bitcoin for 10 Years? Ron Paul Fans Pick Crypto Over Gold
Ron Paul wants to know: would you take $10,000 in bitcoin, cash or something else?
The former U.S. Congressman from Texas is currently holding a poll on his official Twitter account that asks in which form they would take $10,000 from a “wealthy person”. The catch: you can’t get rid of it for 10 years.
Paul – who earlier this year called for the U.S. government to “stay out” of bitcoin – put the question to his more than 650,000 followers, asking if they would take $10,000 in the form of bitcoin, dollars, gold or 10-year U.S. Treasury Bonds. The result thus far – one hour remains in the poll at press time – indicate that of the more than 68,000 responses, 54 percent expressed support for bitcoin.
Gold took the second-highest amount with 36 percent, followed by a mere 8 percent for the 10-year bonds. Just 2 percent indicated that they would take the Federal Reserve Notes if offered.
A wealthy person wants to gift you $10,000. You get to choose in which form you’ll take the gift. But there’s a catch: You must keep the gift in the form that you choose, and you can’t touch it for 10 years.
In which form would you take the gift?
— Ron Paul (@RonPaul) December 5, 2017
Speaking with TheStreet in October, Paul conceded that he’s no expert on cryptocurrencies (back in 2014, he argued that bitcoin wasn’t “true money”).
That said, he voiced his support for cryptocurrency in the most recent interview, arguing that it lends credence to the emergence of alternative currencies against the U.S. dollar.