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1141  Other / Off-topic / Re: It's time to destroy China,don't buy anything from them ,don't deal with them on: September 01, 2020, 09:17:16 AM
These actions will just hit the people of China in the same way that the people in Venezuela have suffered. The CCP leaders have investments all around the world, and they are the real problem. They are already trying to reduce the peasant population in China, why should you do their work for them.

btw - do we really know that it was the Chinese who are responsible for Covid. The Wuhan lab is part funded by Fauci, so does that make it an American virus? Wuhan may not have been the first lab to experiment with Covid, and China may not have been the first country to be infected.
1142  Economy / Digital goods / Re: Crypto-Domains for sale on: September 01, 2020, 08:53:58 AM
This is a subjective opinion of course, but it looks as if you are falling into the domainer newby trap of registering anything with a major keyword in it. I'm not sure those names are worth reg fee. Try looking at deleted domains for some of the latest drops. They are showing BitcoinAmareurs.com and BitcoinsThrive.com as available for reg fee for example. The amateurs name was first reg'd in 2014.
1143  Economy / Economics / Re: Is it time to think of cash and bank deposits as different currencies? on: September 01, 2020, 06:27:16 AM
There seems to be a blurring of the meanings of words like money, currency and cash. Warren Buffet is reputed to have over $2billion in cash, but that won't be banknotes stuffed under his mattress, it will be fiat currency deposits in banks. Similarly people refer to fiat banknotes as money, but money is a medium of exchange with a hard underlying asset value. Strictly speaking, fiat banknotes are no longer. money, as they have no hard asset value. However, most dictionaries define money as a generally accepted medium of exchange. The English pound used to be exchangeable for a pound of silver, but that is no longer the case. The promise of the banknotes to pay the bearer one pound is pretty meaningless today. So what will happen to that promise if the new quasi-crypto currency is no longer called the pound?

Some US states have developed an interesting currency - it is a gold infused note ( not a banknote ), and this indicates the appreciation that there is a need for a hard asset currency. Bitcoin is the only crypto that has a hard asset value, and so do gold and silver coins. My speculation is whether the current banknotes will continue to be used after the current virtual fiat currencies are replaced. Will they cease to have value like the national currencies of countries that were sucked into the Eurozone? Will people try to replace them with new "money" like the gold infused notes, or will they carry on using the old banknotes as tokens?
1144  Other / Politics & Society / Re: Why doesn't Europe just take on every refugee from Turkey? on: September 01, 2020, 06:02:26 AM
Because the current government won't let them all come to England.
1145  Economy / Economics / Re: Is it time to think of cash and bank deposits as different currencies? on: August 31, 2020, 02:39:59 PM
Banknotes give you freedom as well. Smiley

Anyway this thread was intended to be speculation about the future,rather than comments on the past or present. I'm holding banknotes just in case there are difficulties in the future.
1146  Economy / Economics / Re: Is it time to think of cash and bank deposits as different currencies? on: August 31, 2020, 01:35:17 PM
There have been cash withdrawal limits, and Visa was down for a couple of days on a couple of occasions in the UK. I feel that these may have been deliberate trials to gauge public reactions. Also, I believe that the banks' creations will be pseudo crypto, rather than something that will benefit customers. I doubt if there will be a cap on issuance either.

I appreciate that cash and fiat deposits have linked values, but when the current fiat system is replaced, I wonder if the current cash notes will continue to be used, and, id so, for how long.
1147  Economy / Economics / Re: Famine is coming next ... on: August 31, 2020, 12:16:29 PM
The concern in developed countries is not famine, but ultra-processed foods, and synthetic creations.
1148  Economy / Economics / Re: Is it time to think of cash and bank deposits as different currencies? on: August 31, 2020, 12:13:13 PM
There are many reports available via a Google search. This is the first one that I found.
https://www.retailbankerinternational.com/news/us-banks-struggle-with-large-cash-withdrawals-amid-covid-19/
1149  Economy / Economics / Re: Covid 19 shows how weak People are in the it mind on: August 31, 2020, 11:00:37 AM
I don't believe that debt will expire. Credit card companies are already chasing down balances for late payers, and their credit scores are dropping. I'm sure they will find a way of transferring public debt into the new financial system. Only the bankers will be able to lose their toxic debts.
1150  Other / Meta / Re: Newbie point of view. on: August 31, 2020, 10:45:20 AM
The major rule is pretty simple - don't post plagiarised content.
Bumping your own thread too much is discouraged, and you shouldn't use also to do this.

With regards to text formatting. If you do it, you risk losing many of the more serious readers. It's much the same as the misuse of quoting, and, even worse, nested quoting.

Just out of interest, why would you want to format text, and reduce the legibility for speed readers?
1151  Other / Politics & Society / Re: social distancing ? covid on: August 31, 2020, 10:34:46 AM
Social distancing doesn't do much to stop the spread of virus immunity, but it is a great way for the government to impose fines, and gain acceptance from the gullible. Smiley
1152  Bitcoin / Bitcoin Discussion / Re: Electrum update: A trader lost 1400 BTC on: August 31, 2020, 10:24:57 AM
It still surprises me how someone can own 1,400 BTC but still fail to secure the Bitcoin stash using a couple of Hardware wallets that don't cost more than 100 quid each  Roll Eyes


Or at least run a wallet on a pruned node.
1153  Other / Off-topic / Re: Anyone ride a Motorcycle - What do you ride (sportbike) ? on: August 31, 2020, 10:00:37 AM
The last bike I rode regularly was a Trident T160 - https://sumpmagazine.com/triumph-trident/triumph-trident-t160.htm

I sold that some riume ago, and they have shot up in value over the last few years. I still own a Triumph Tiger Cub, and a 1939 Francis Barnett Powercycle, but they both need a bit of restoration.
1154  Economy / Economics / Re: Famine is coming next ... on: August 31, 2020, 09:55:22 AM
This is one of the consequences of climate change. Sad


Carbon dioxide is the life breath of plants and trees, so any increase should improve agriculture.
The decrease in farming output is caused by monoculture farming, bank repossessions of farmland and other financial penalties. and the changes in the use of arable land.
1155  Economy / Economics / Re: Biggest winner during COVID? on: August 31, 2020, 08:15:29 AM
It is weird that the UK appear to be trying to sell 2 bullion doses of the vaccine already (at least they have contracts to produce that amount from part public and part private schemes)

It isn't weird if you realise the the Eton/Oxford elite control the UK ( and most other Western countries), and they have been systematically raiding the UK, and the EU to fund their Anglophone empire. Boris Johnson has an Eton/Oxford/banking background, as have most of out MPs Civil servants, and lawyers.
1156  Other / Politics & Society / Re: Corona Cattle... Face Masks Are Dangerous. on: August 31, 2020, 08:10:03 AM
More and more studies show that the poisons in hand gels, etc., is dangerous to your system

Whether that is true or not, there is a greater disadvantage in the use of hand sanitisers. The virus fighting bacteria on your skin form one of the first lines of defences against a variety of infections, and they have evolved over thousands of years to help us to stay healthy. By killing them, you are raising the portcullis to allow infections into your body.
1157  Economy / Economics / Is it time to think of cash and bank deposits as different currencies? on: August 31, 2020, 08:01:35 AM
I know they are both based on fiat values, and governments are trying to reduce the use of cash, but many people seem to be withdrawing large amounts of cash at the moment. Obviously they are expecting difficulties with the use of banking accounts in the future. I suspect that they are expecting a financial reset, as governments try to replace the current virtual currency with a pseudo-crypto currency. Cash may become important in the transition period.

Bitcoin and alternative crypto currencies do provide alternatives,but they may continue to be slow in adoption. Cash has been trusted for many years despite the fact that it is a depreciating asset, and I believe that it will continue to be used after the change from the current banking system. Obviously banks will resist this, and any cash deposits will be withdrawn to reduce the supply. This could lead to an increase in the value of cash based on the current fiat currency, always providing that the public continues to use it of course.
1158  Other / Serious discussion / Re: 12 Coronavirus Autopsy Cases Reveal TRUTH About How Coronavirus Patients Dying on: August 31, 2020, 07:35:21 AM
>..<

Sending in the army is not the only method to apply force. I receive emails stating that I am classed as a vulnerable person, and if I don't accept the need for certain medical recommendations over drugs and vaccines, then I may lose access to certain facilities. This is something that is of great concern to some of my elderly friends, and it stops them seeking medical advice when they need it. I have heard of people being vaccinated without consent, and without notice. The nurse just jabs their arms when they are not watching.

I have never stated that healthy people cannot be infected by the virus. In fact there are estimated that up to 80% of the population has achieved immunity as a result of recovering from infection. Obviously this is contrary to the interests of the vaccine industry, and it is extremely difficult to discover research into this. I understand there is a legal action underway at the moment to force Oxford University to release suppressed survey results, but no doubt it will be too late when that is released ( if it ever gets released).

Information related to my statement are available either by direct comment, or by inference, in many of the virus reports. You just need to be prepared to think about some of the comments. Statements such as " I am a healthy person, I have all my shots, and I take my medication" are often found in reports by people recovering from the virus. Quite clearly those statements indicate that the person is not healthy, and has a compromised immune system.
1159  Other / Serious discussion / Re: Yi Ching and Cryptocurrency on: August 29, 2020, 05:53:27 PM
He makes a number of incorrect statements. Bitcoin is a medium of exchange, and volatility doesn't affect this. Fiat is not money any more, contrary to popular belief. The prices of gold, Bitcoin and fiat are all manipulated. The cap is just one thing that gives Bitcoin a hard asset status, another is the immutability and stability of the blockchain, and now other crypto is likely to copy this. This is why they need an element of centralisation.

I think the guys has put together a bunch of misconceptions, and is trying to use an ancient Chinese philosophy to justify a weaker alternative concept.
1160  Bitcoin / Bitcoin Discussion / Re: Research and Experience, There’s No Other Way! on: August 29, 2020, 04:13:12 PM
I'm not sure that I agree.There is a basic level of knowledge required, but one does not have to have an in depth technical knowledge. Obviously one needs to know about wallet security, and have an overview of the blockchain and transactions and fees. After all. everybody uses the fiat system, but how many people understand the role and ownership of central banks, or fractional reserve banking, let alone SDRs and the various derivatives in use at the moment.
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