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121  Economy / Economics / Re: Don't stress too much due to the bear market on: April 18, 2019, 04:04:57 PM
Stressed fish develop better physical shape than relaxed fish.

Good Japanese sushi fish are grown with predators in the same tank. Being stressed keeps them alert and agile whereas fish grown without predators become fat and lazy.

Obviously I disagree that humans should be put under stress on purpose, but keeping a "healthy" level of stress is good for you.

122  Economy / Economics / Re: Terrifying $243 Trillion Global Debt Bomb is a Disaster Only Bitcoin Can Fix on: April 18, 2019, 04:01:05 PM
Well the $243 trillion are going to be over $ 300 trillion by the end of this year.

If you took every penny produced by the USA and Europe for 20 years just to pay debt, you'd still not pay up the $300 trillion. Next year it'll be 320 trillion.

Europe has just announced they will continue to print money in 2020. China prints 200 to 500 billion Yuan whenever they feel the market has dropped too much.

Central bank money is toy money. They print money whenever the markets drop.

Look at the S&P500 and FED printed money correlation:



They openly manipulate the market. As long as the Fed is printing money for their buddies, the market goes up. There is no real value being generated.

Everyone is working more and more to keep up with this. In 1980 you'd be able to graduate and buy a house. Everyone bought homes then. Now you can't.

Millenials can't even afford to buy a home because bankers and the wealthiest have bought everything. Most of them are paying up college debt. Debt! Before life even starts, debt is all over your life.

They keep printing debt they'll never pay. Fake monopoly money!

Here's another terrifying chart. Look at how much money they printed in 2008!



When your business runs out of money does anyone print money for you? Does your family catch a break? No. The banking thieves do! They print money for themselves.

Just look at that chart and tell me that's normal?

We are living in a Ponzi scheme. They keep printing their fake money and we must work ever more to make up for it. The whole world is getting exploited by a dozen people.

Think about this for a while : an offshore bank with little regulation can basically make up money out of thin air. Nobody would ever find out. Banks are robbing you 24x7.  It's fake toy money!

A system with an algorithmic money emission, not controlled by politics and thieves, is the only way to get transparency to start fixing the greatest fraud in human history (fractional reserve banking).
123  Economy / Economics / Re: Why spend time in bitcoins? on: April 18, 2019, 03:50:15 PM
Bitcoin is, perhaps, the greatest financial invention, ever.

Central banking is exposed. Everyone knows they print money for their partner banks. Wealth inequality is absurd, they've been printing trillions of U$ for themselves while  99.9% of the world works for them.

The central banking system will not sustain itself much longer.

124  Economy / Economics / Re: How adoption will happen on: April 18, 2019, 03:41:23 PM
Lately I've been asking partners if they want to deal in Bitcoin.

One of them has agreed. We still haven't closed the deal, but it's likely going to be a contract (paper contract) based on Bitcoin.

If every online pro starts proposing in Bitcoin, widespread adoption might happen faster than we estimate.
125  Economy / Economics / Re: Barclays: ‘Facebook Coin’ to bring in $19 billion by 2021 on: April 18, 2019, 03:35:24 PM
A centralized token run by a corporation. How is this different from buying an ad voucher from Facebook?

It's essentially a clever way to get cheap funding from those who buy the initial launch in cash.
126  Economy / Economics / Re: PREDICTION IS SOMETIMES LIKE A FALSE PROMISE on: April 15, 2019, 04:02:38 PM
Lottery tickets are also predictions.

Think about that for a moment.
127  Economy / Economics / Re: What is p2p lending on: April 15, 2019, 02:41:57 PM
According to Wikipedia:

Quote
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers.

So it will work on the internet, and it doesn't need a high cost of offering the service. Besides that, the P2P Lending can reach in many places over the world so people in other countries can try to lend some money and the other can borrow the money. I think there is a broker of P2P lending in out there, but I don't know which one is recommended.

I think that definition is wrong.

If there's a middleman that matches lenders with borrowers then it's no longer P2P.
128  Economy / Economics / Re: Man who created own credit card sues bank for not sticking to terms on: April 15, 2019, 02:09:27 PM
This is such an obvious fraud.

In my jurisdiction that would be considered a void contract. Contracts not done in full voluntary agreement by 2 parties, with hidden clauses, are void almost everywhere.

Getting people to sign unwanted clauses because of ignorance is so 1800's.

129  Economy / Economics / Re: Widening Russia Money Laundering Scandal Hits European Banks on: April 15, 2019, 02:06:26 PM
There are more than U$ 300 trillion in debt today.

Let that sink in for a moment.

Million, billion.....trillion. 300 trillion in debt.

That is 100% lost money! It'll never get paid. No country can afford to pay that, US and EU economies together can't pay that in a 50 years if they started cutting debt today.

The whole system is collapsing right before our eyes.
130  Other / Politics & Society / Re: Julain Assange Arrested on: April 15, 2019, 02:03:40 PM
Its called a dead man's switch. It is well known in the cloak and dagger world of spooks and spies. It is not a James Bond type device (usually). Usually the way people who carry such sensitive data that might get them killed protect themselves is they either hand it to several sources with instructions to release on their death or vanishing and or they have some type of encryption that auto-releases upon him not triggering it to stay encrypted which must be done every X days months years etc.

Yep. And it's easily implemented using any of the techniques shown here: https://security.stackexchange.com/questions/71911/pattern-to-allow-multiple-persons-to-decrypt-a-document-without-sharing-the-enc
131  Other / Politics & Society / Re: Austria wants to ban online anonymity - globally on: April 15, 2019, 02:01:33 PM
Conspiracy theory: most Internet control legislation aim at Bitcoin.

Think about it: if you control the Internet, you control Bitcoin.
132  Other / Politics & Society / Re: Russia is the most aggressive country on: April 15, 2019, 02:00:19 PM
Yes, Russia does not interfere in the policies of other countries, it captures them.

Don't all big nations conquer other nations?
133  Economy / Economics / Re: Are Cryptobanks Future? on: April 15, 2019, 01:00:40 PM
Well if this happens, then Bitcoin becomes a mere technical curiosity.

The whole idea is to keep money controlled by decentralized masses. If you centralize it like fiat, then Bitcoin becomes a mere technical curiosity like a credit card was 40 years ago.

The only thing that makes cryptos special is decentralization. If you take that away, then forget about it.
134  Economy / Economics / Re: Do you think Institutions secretly HODL Bitcoin? on: April 15, 2019, 12:58:41 PM
Big financial institutions have to report on their investments, and I don't think they would legally be able to keep it a secret if they were investing in bitcoin. 

They can keep it a secret in one of their offshore branches where they're not required to report on anything Wink

(Just like they do with the US dollar.)
135  Economy / Economics / Re: Would a global disaster increase or decrease the Bitcoin value ? on: April 14, 2019, 10:56:13 PM
Everything else being destroyed, who would mine Bitcoin?

Bitcoin doesn't run without electricity and a P2P network.

My guess is we would go back to gold or something.

136  Economy / Economics / Re: Study says 79% of cryptocurrency event attendees are men on: April 14, 2019, 09:31:53 PM
Last convention I was in there was a hot chick and 200 guys everywhere she went. 2 or 3 other girls in the other days but definitely over 90% men all over the place.

I think organizers target men on purpose. There was beer all over the place and the overall environment was definitely targetted at guys.
137  Economy / Economics / Re: If you want to be rich..! on: April 13, 2019, 02:27:47 AM
Unfortunately "don't work hard but smart" is a myth.

Einstein coined the formula: genius is 1% inspiration, 99% sweat.

If you wanna do anything successful, gotta work like crazy.

After you make your first million, you can then start coming up with your own crazy little schedule ideas like "the four hour week" or whatever.
138  Economy / Economics / Re: Bitcoin Whales Move 42,616 BTC As Leading Crypto Tests $5,000 on: April 13, 2019, 02:24:22 AM
From zero to $5k in 10 years.

Thank you Bitcoin for being the most amazing invention in the history of finance.
139  Economy / Economics / Re: Bitcoin Prehistory on: April 12, 2019, 01:10:17 PM


https://twitter.com/IIF/status/1113093833712168960

All this amount of printed fiduciary money will never be returned, the debt is the inheritance that we will leave to our children, grandchildren and the next generations.

Decentralization welcome, thx, BTC


That is exactly right. And just this week ECB has announced they will keep printing more debt.

Not only is this debt left for future generations, it is also never going to get paid. So if you print debt and it just keeps getting rolled over forever, you've essentially just printed free money for banks.

Did you get free money? Did your lemonade stand? No. But banks did.

We're getting hoodwinked systematically.
140  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: April 12, 2019, 01:04:13 PM
Everytime I do business online now I ask for Bitcoin. I thought people would refuse but to my surprise a lot of them had BTC and gladly settled!

If everyone did the same BTC would quickly gain widespread acceptance. It just needs critical mass of adoption.
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