Creditors tend to watch their economies contract much steeper then debtors. This ignores their production. They dont have to sell to Europe, the arabs will still have oil, the Russians gas and so on. In the end people sell so they can buy what they need, so the fact Germany has products to export on a regular basis is always going to be a good thing. I take the point those best off have more to lose in a way but they arent holding a golden egg, they have the hen :p If europe screws up, or uk or USA then they'll be others with more then just credit notes to hand over and Germany or anyone who produces will be best placed to continue forward. The mistake Merkel made was being too much in fear of bad debt. Always there must be focus of what works, the death of a bad company is needed like a tree must be cut back to keep new growth in the right direction. All of this bailout is to support what has not worked, is not working and in future it still wont be productive so why spend so much to get so little back. True growth is exponential, 2008 till 2014 and this kind of return is missing presumed dead but its out there |
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Its possible to buy litecoin with dollars and also a few different alt coins. Why wouldnt some of that cash be exchanged into bitcoin. Im not sure I see your point. If the competition is negative then I'd also disagree. BTC can similarly compete back and add features and so gain from the added experience of other networks without having to personally test every idea itself Depends how nimble the developers are I guess  |
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we will see the reduction in the USD vs BTC exchange rate The thing is there is a point where the jelly mould gets turned upside down and the impossible happens, the liquid has become a solid and everything is reversed. It is possible, as unlikely as it seems for BTC to rise in an extreme case of instability. People say if deflation they will print money, well they already have done that. That liquidity is mostly stored in bonds now and the USA has one of the lowest average turnovers in its debt in the world. I think its about 4 years. Why would that be? well its cheaper. If you fix a rate for many years, it rises to account for unknown and short term to borrow we know the rate goes as low as zero almost. So its been policy to hold 17 trillion or so on very tight turnaround. The other people who did this were the banks in 2008, including Lehmans; if they had financed 20 year even 10 year bonds as their debt they'd operating now I think. But gov is special right? no not in the end. So the question is flawed, not stock sell off, bond sell off. Forex > Bond > Shares > BTC Thats the order and trillions are held in bonds and you know its trillions because that debt is a populations burden, not nearly as much is held as shares and its mostly private debt. They just go broke, a stock crash is not the dam breaking you might think it is The big deal is and afaik always has been debt financing and interest rates, if that breaks down as well it might then BTC can rise substantially and personally I think it will ( so long as the network stays true till then) If you look at the triangle, diamonds are quite high up. Would BTC rise if diamonds had a price crash ? Not really a comparable substitute or necessary with other levels stable. But each level you go lower it gets more serious if it fails and the possibility for BTC to come of age and prove itself becomes greater, can it be useful and reliable or not The chart was made by the Fed before they joined the dark side :p |
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AC not BC or WC You'll see  I believe DC is safer or AD for a more upto date coin :p |
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ha if he owned them all, that'd kinda wreck that economy. They'd have to restart pow for a while. Obviously the whale does not have 75 mil to sell in the first place, he has some and the rest of us own and hold the majority. If they can setup more swaps then just ltc I'd probably sell more alt coins for bc in future instead of btc or cash even.
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The worst tax is always going to be that which discourages the most productive activities in a country. Tax on alcohol is practically genius compared to taxing a company attempting to make a profit and employ people. Even worse is when they tax by proxy by forcing companies to piggyback gov policy like Obama likes to do. The greatest mistakes are those repeated often. Obama has tax on companies which employ more then 50 people, so discouraging employment. Greece I bet has similar tactics in their war on profit http://en.wikipedia.org/wiki/Window_taxWe had a Greek politician on the news the other day and I was surprised to hear some sense. She said their problem is not fiscal but structural, even while people praise the Greek recovery; their recent ability to issue new debt. The real problem is their failure to allow free trade and business, they have the same old over governance, endless laws on how to operate legally & too high taxes that works to stop honest use of Greece by the Greeks to do business with the world. The EU is famous for its throttling and destructive regulations, they didnt fix it they reinforced that system apparently half of the municipalities are bankrupt in Germany I thought that was why everyone was eager to save Greece. Germany liabilities abroad are great but as its a great exporter it should be in a strong position to determine terms but you say not |
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you liquidate a bank, you don't auction the cash deposits which are with the bank at that time. Depositors are creditors and the largest creditors are dealt with first so far as I know. I dont think its done equally but basically the money left in gox was part of its assets not the customers. Its not a trust fund, Ive heard no mention of ring fencing to account funds. So this money is not customers but part of the business holdings though there is a liability to repay deposits, its further down a queue of debts. It might be they pay out nothing to the smallest holders. Just my guess but obviously theres no insurance or protection scheme like a retail bank. One of my brokers liquidated like this. In theory the cash was mine, I put it there but the company had (illegally) done like Gox and become a fractional reserve type operation. So I only got a refund from a gov scheme, the overseer or taxer of these companies sent me a small cheque |
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the only Super Power on the face of the planet. I count china if only because they are nuclear but obviously they have far more people if needed. I believe they have greater production capability, if not a superpower now then they could be one. war is destructive in victory or failure so it falls to a countries productive capability. Right now 70% of USA GDP is consumerism, what use is that. Percentage of New Mortgages Backed By US Government = 90% , again its not valid production just more debt. There is not enough valid productive capability to rank US far ahead in its might, not any more so bullying I dont buy. US itself is influenced and most likely compromised by its creditors Any government can restrict capital flow in and out of its banking system Chinas strange system is what supports dollar, but not for the benefit of its people but its government. So the Communist party likes the dollar system but it is not beneficial to the country to carry on. I agree that this is the reason they restrict bitcoin to continue their own control of capital but bitcoin is not tied to the dollar though it is the most liquid market to transfer into. It really is all about all those who use dollar as a proxy for their own purposes. I dont think US is the strength behind dollar or that dollar is stronger then bitcoin Right now, it would take a tenth of that to send Bitcoin right down into single digits across all exchanges and its still usable in single digits and then we carry on If they sell alot of bitcoins, it drops the price as demand is saturated but since its most often used to transmit value they'll be no difference in its use. If you hoped to just hold and get rich, you wait longer but I dont see it destroys anything as these coins are all on the itinerary. We dont have any written agenda for dollar, its total can go to any number. The FED keeps on going on about 2% inflation, when they speak its about stability and there is something in that regularity that is valued. Except the future of dollar is stupidly unstable by actions largely enabled by the FED. The FED itself is insolvent, of course they can just create more money but this is not stability. Its an unequal and I think uncontrolled situation, there is an illusion of who holds the reins and its not the government from what I see. Poor production and massive debt has been seen before in economies and it doesn't end without some event Beginning April 24, Walmart will allow someone to send money from one Walmart in the U.S. to another, where it then can be picked up. The transfer takes less than 10 minutes. The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900.
Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76. http://money.cnn.com/2014/04/17/news/companies/walmart-money-transfers/index.html?hpt=hp_t3 |
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There isnt a 100 million coins for starters, they cant sell forever unless they are buying somewhere also
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That does happen and Germany has alot of immigrants and workers, but its not without some trouble from its population. It is good for an economy to receive valid workers but the people may not feel as much if they are outnumbered by people who may not even speak the language. Kazakhstan is the size of europe but with only the population of a couple major UK cities, they have many migrant chinese workers apparently and risk 'losing' their country to foreigners who never leave. Its fairly controversial but there are some benefits to europe from shared resources and it does have this strength there. Also a ton of red tape and politics and general stupidity so no utopia $7.000 is quite conservative.
Also 7000 is an arbitrary figure as any great rise in gold likely comes with a fall in dollar so we are not talking present day values but unknowns. Eventually gold will continue at the same value its been on average anyway but its possible it does spike as high as previous centuries, apparently Henry VIII's gold sovereigns were an all time high during his reformations. They are still made today, not much else lasts that long. If we are blowing smoke, I'll say 70,000 as that'd be inline with similar currency depreciation like Marc Faber has studied in the past. Look at the rouble, peso or drachma and price gold in that over the years and the price gets silly quick If we base estimates on past fiat devaluations as below, gold sold at $1300 USA dollars becomes 91, 170 or $284,000 over a century I guess The enormous gold sovereign was introduced by Henry VII (Henry VIII's father), who wanted a new ostentatious gold coin, which could be worth the huge sum of one pound sterling.
Until this point the pound sterling had been a value, rather than a coin, used for accounting purposes as the equivalent of 240 silver pennies (one pound in weight of Sterling silver). However this new, almost impractically large coin of 99.48% gold was made equal to £1, or 20 shillings, with exactly half a troy ounce of gold - an unbelievable value for a single unit of currency. Its minted half that weight now so if we presume gold price accurate in both cases then Sterling has devalued 99.5% over 500 years, mostly in the last fifty I think since we dropped silver from the coins. So sterling is the oldest still used currency besides gold but almost in name only. Its no longer silver or gold based, neither is dollar; also originally copied like pound from a silver coin standard [The 9th century 1 pound silver is £131 now, the 16th century Sterling pound is now £70 but silver itself is less valued now due to south american mines, we cant say gold wont do the same but it hasnt so far apparently] |
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The network is not fully active till block 2000 I take it, this is a failsafe setup
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A strong coin would build momentum along the way like blackcoin did not try to jump start with all features relying on one point, the fundraising
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He is back from the dead, is this just coincidence or is there a deeper meaning gone for 3 months, now risen. Its a miracle, wish I'd bought that half price ticket now  |
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IPO without escrow should be banned for defrauding forum members, its a great way to start off with a failure. centralising any part of a coin is a point of failure, including the launch process Things to do
Set up escrow For IPO well ok then :p I still dont favour ipo as positive for a coin but thats just opinion |
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Germany has problems with its falling population I believe which of course effects working capital in their economy Spain, Japan also and their problems are more obvious Rickards should know about failure, he was involved with LTCM which was a bailout preceding Lehmans  |
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Your answer is on Exter's triangle and where can you place btc as speculative or utility I guess. In a pullback or recession, people stick to the essentials. Gold is only one of them as it is a solid asset, btc is a pretty flightly high velocity medium  |
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giving them the ultimate market hold on the crypto-currency If bitcoin falls, there are plenty other crypto currencies that could do as well. A 10% hold or whatever key is not relevant as a flaw to the whole genre. If it was meant to be some kind of master double bluff, they failed as they handed out an open source self reinforcing and easily duplicated idea, more then anything this is now a pervasive phenomena not a one off to 'switch off' Bitcoin was set to displace the dollar. Bitcoin is not set to replace the dollar, thats not the point. The main point is dollar will not survive as it is continuing now, there is no downfall bought about by some mighty nerd revolution. Dollar is off kilter and it will not exist if they dont drastically reform current policy and use, thats nobody elses fault. If bitcoin benefits from its failure, thats secondary but I suppose many other mediums might also gain some of the fallout from the worlds reserve currency declining. Bankruptcy, default, can produce positive results if it ceases unproductive behaviour so business in dollar can go elsewhere, that transition I do not see as being caused by bitcoin US leans upon it with its vast political might US is weaker then it was from ww2. All the money, power and influence its gained and somehow its become weaker with more people and more technology. This is no benefit to me, Im an english speaker and I'd rather they stay at the top and I wont be much good at learning chinese or whatever. The main strength US has is from its backers, even now while Russia is breaking treaty agreements they still every day sell their oil in dollars and so support the US dollar system. The Japanese keep 1 trillion of treasury debt even while their gov requires this money themselves. Saudis back dollar with their oil. China buys dollars, and many others follow the herd to back dollar. The actual strength of the dollar by itself without all this help is poor and I do believe the US will find themselves in far weaker position then ww2 or the years after despite appearances now. The vast might is hollow, presuming the weapons go unused which of course would be a loss for all If bitcoin is anything, its a tool to transition from bretton woods failure to the many and I dont believe it is linked to dollar. Your point might be correct if Chinese believe bitcoin equates to dollar but thats their bias not the coin itself. |
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Any recommended mining pool for this coin?
Goto www.IPOminer.com as the admin is a good guy and he has been around a long time with alt coins now Estimated time to POS launch is 7 days if my abacus is right |
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