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Cool, now wallstreet can steal all bitcoins, very nice.
They will just do like that with gold, they will sell ponzi certificates and push the bitcoin price down to 1$.
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Isn't it sure to happen, sooner or later, that some country's central bank, or banking system, gets hacked? If that happened it'd shake peoples' confidence in the banking system, which most think is more robust than the likes of the blockchain, simply because banks are centralised systems. I guess some people would then look at the likes of bitcoin, but even it's not invulnerable - or is it?
Probably the liklelihood of getting your BTC Wallet hacked is far higher than getting your Bank account hacked. When it comes to "traditional" and "revolutional" I'd go with the traditional. However hypothetically if that would have happened it's probably only that specific bank that would lose its credibility and not the entire banking system nor the financial industry. Actually it's not. The probability of a bank getting hacked is nearly impossible due to security precations but an insider can very well do it. However in bitcoin there is nothing to hack if the sums are well spread out on different accounts. Thus since a bank stores extreme sums of money, if it gets hacked then its game over and it will lose all money. If 1 bitcoin address with 10-20 bitcoin gets hacked, no big deal. |
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In a recent blog post, Truthcoin (not an altcoin) Creator Paul Sztorc made an interesting point about how the Internet is changing the traditional definition of money. In the past, an asset needed to serve as a medium exchange, unit of account, and store of value to be useful as money; however, the Internet is quickly removing two parts of this equation. As Sztorc explained: ”In fact, because modern computing [1] allows prices to be quickly and effortlessly recalculated and redisplayed, and [2] allows e-transactions to be fast and cheap, we have many options for fast roundtrip conversions that drastically reduces money’s need to serve as a unit of account or even as a medium of exchange. This leaves only value-storage as a discriminator among money-types.”The overall goal of the blog post was to finally dispel the contention that bitcoin cannot succeed due to its deflationary nature. Part of Sztorc’s argument rests on the idea that the Internet and bitcoin are changing the very definition of money.  Dismissing unit of accountIf being a unit of account were to remain a requirement for money, then bitcoin would be in trouble. Nearly every business or individual who accepts bitcoin still prices their goods or services in terms of the local fiat currency, but this has not been an issue for the digital commodity. This is due to the fact that essentially all bitcoin wallets are able to display bitcoin balances and payment amounts denominated in popular fiat currencies. When sending a payment from one bitcoin wallet to another, many users enter the total value they wish to send priced in US dollars, euros, or some other fiat currency. Online retailers also have their prices change on a second-by-second basis in terms of bitcoin. In fact, a real-world version of this sort of price-adjusting system is also available for brick and mortar stores. Dismissing medium of exchangeAlthough consumers are able to shop at many retailers with their bitcoin, most of these bitcoin-accepting outlets don’t actually hold any bitcoin. Services such as BitPay and Coinbase are used to instantly convert the bitcoin to fiat currency at the point of sale. Noted bitcoin critic Jeffrey Robinson likes to say that this means practically no businesses or individuals are actually accepting bitcoin for goods and services. Of course, the key takeaway here is not whether or not the merchant decides to keep the bitcoin. The only part of the process that matters is a bitcoin holder is able to exchange the bitcoin for goods and services. As more assets become digitized over time, the costs associated with switching between those assets will continue to decline. In other words, consumers may be able to pay via a wide range of assets that can be converted into whatever the merchant wishes to receive. Bitcoin as a store of valuePztorc makes the case that bitcoin will become the preferred money because of its limited supply. This is due to the open-source nature of the technology behind bitcoin. As Pztorc points out: ”I hope it is now clear: if Bitcoin didn’t have a fixed money supply, it would be replaced by something which did. It would have happened with a single fork and a little publicity (rich BTC-owners could spread the following word “come with us on this hard fork at Date D, and your money will automatically be more valuable”). Since Satoshi knew that this would happen (and as non-equilibrium behavior doesn’t last long [by definition], and as hard forks endanger the digital-scarcity value-proposition / create double-spend opportunities), he built it the right way the first time.”Pztorc also explains that a decreasing money supply would not work because “nothing of consequence occurs whatsoever” in such a system. If every holder of the money loses the same percentage value of the holdings on a yearly basis, then nothing has changed. Pztroc added, “If coins are destroyed randomly, risk of wealth-loss is introduced (pointlessly).” Although bitcoin has performed well as a store of value since its creation, its short-term volatility is still an issue for many would-be adopters. Of course this volatility has become less noticeable over time. In fact, the digital commodity has proven to be a worthy contender to some fiat currencies in terms of price stability in 2015. Additionally, bitcoin also comes with other features, such as censorship resistance and a lack of counterparty risk, that are not found with digitized versions of fiat currencies. No it does not, money is money and it always be. Money will represent the amount of goods and services in the economy. That is the definition of money. Obviously the current fiat crap does not, so its called counterfeited scam toilet paper rather than money. |
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Investing money instead of saving is really a good idea. In saving we can not make our money big but in investment we make huge money in just few hours. I will prefer everyone to invest money instead of saving. I have invested my half money in properties. I find this business really beneficial for me.
yeah and that investment failed your money will loss. But its better to invest than saving. It is always about net balance, if you are better of in net, then its worth it, if not then you will lose in long term. |
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Well look, everything depends on the IMF and how they handle the thing, i think the ECB and the FED has done enough to keep the avalanche out, but really the leverage is not getting too big, only the IMF can now absorb the debts....
If the collapse happens this year, then you will see clues, by the increasing printing of SDR's
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GreenStox,
he is in position of rebel, an underdog. So what, if one socialist is fighting another 27 (EU)? Your empathy needs a boost, man. I am also quite appaled by your rather immature way of responding to other people notes. If you arent interested in discussion, you shouldnt start it in the first place.
Sorry for my bluntness, but i just dont have any other means of responding to irrational people. Everyone with a little honesty and observation power should realize that a nice packaging doesnt mean that what is inside the package is worth 2 dimes. |
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It will take a few trillion $ that i`m sure the banksters can spare. Ask the IMF to put some money in Bitcoin and problem resolved  |
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I'm 100% positive that aliens do exist somewhere
Of course they exist, the universe is very big, and they must exist, and just evolved like us. But i`m not sure if they visited us, because all those UFO conspiracys are fake. |
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I can mostly agree OP, however in every haystack you might find a pin I dont like generalizing, there might be honest people providing real services. I think there should be a better reputation system in this forum to avoid scams. |
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Hey OP if you are a FX trader, how much % risk will you alocate on each trade?
How much leverage will you use? C`mon OP provide us with some info about your strategy.
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C`mon guys , why are you getting fooled so many times by ponzi schemes. All threads in this sector are ponzies and they are very risky...  |
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Westerness world is living in illusion of no inflation,In Europe deflation is reported ,reason to print
On USA QE officially ended,the truth is that printing is ongoing,to coverall that debt is produce next debt
All that money from printing went to real estate and stocks,Real Estate is one big bubble ,it has to crash otherwise next cycle of massive printing cant start,it isalways the same,fake economy,fake crashes and next cycle of fake scam economy start.How long time is possible to do,for sure not forever
Bitcoin is also overmanipulated already and very much related to that fake economy
Now i hear more and more news about integration btc with wall street,so maybe we have to wait for wall street boys
Dont panic, bitcoin can only go up, if they start printing. Because after every inflation growth the price of BTC grows, they cant surpress it with fake BTC certificates (like they do with gold certificate). How long time is possible to do? 1 more round, and then the final collapse will happen, notice they cant go anywhere further, the IMF is the last boundary where the wealth can flee, after that its total collapse. |
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A tax is the refund of excess money in circulation. I can't talk to you because you don't know macroeconomics. Go to school and come back later.
Ok you are either a paid troll or you learned economy in a vodoo school. Since when is excess money, a sum robbed from fertile 20 year old working people (who need that money to create a family) ?Besides, the method of extracting it is violent, cruel and unnecessary. You advocate global violence and enslavement, i`m not talking with you anymore, you are an immoral person. |
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I think they exist but i think we cant assume they are more devoleped race than us.
There can be 2 possibilities 1) They are just as developed as us, or less, and they are at some corner of the universe, which we will never get to, or in our galaxy, but still havent invented stellar travel, so we dont know about eachother 2) They are more advanced, thus they got stellar travel tech, but they saw us and since they are not predatory (otherwise they would have eliminated us), they will just let us evolve at our own, and will only decide to interact with us, after we evolved past our stupid tribalish/nation state dogmas. |
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if you buy something -especially expensive things like house, land, car etc..- with loan you can save money . Coz everyone tend to trifle away their money .
With loan? Haha that is a nice shill for the banksters. The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years. It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way. For a house, it'd be near impossible for most to buy without a mortgage. HOWEVER, that should not prevent you from coming up with as big a down payment as possible. If you can't save 20% for that...you may want to reconsider buying a house. Nothing is cheap when it comes to house repairs, even if you can DIY... As for cars? Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will. Again, a cash reserve GREATLY helps when car shopping. There are always deals to be found from people who are looking for cash I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary. But still the banksters earn way too much premium. Think of this: For a 20.000€ loan for 5 years on 1% interest you should pay in total: 21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€. If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off. However in reality, you pay about 30000 € atleast + some down payment. So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy. Perhaps the combination of both. This is a flawed way to compute the interest cost of a loan. It should be measured in percent per year, with interest payable yearly at the end of the year. A 20 year loan thus costs and should cost more than one years loan of course, you have the money for a longer time. With the method above (effective interest) the cost is 20 times higher for a 20 year loan than for a 1 year loan. Nobody should feel abused for that. The formula is: SUM * [ (1 + INTEREST_RATE / 100) ^ YEARS ]You can calculate the present value of future goods with that. Of course if the inflation > interest rate then the bank might factor that in, they dont like losing money due to inflation. And also they consider their leverage also their property, so doesnt matter if they lend you printed money, they consider it their own money. |
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US Dollar is very strong although its value goes up/down but there is a socio-economic agreement among nations to keep at least one currency active for international trades.US Dollar will not collapse totally but in future there will be more than one currencies to be dealt with in international market.US Dollar can not collapse so easy as people say there is a long way to reach till here.US Dollar will not collapse in 2015 not even in 2016.
The US dollar will collapse when the US bond market will collapse, they are tied together very strongly. And the bond markets globally are now way overvalued. The 30 year bull market has to have a correction at some point, and unfortunately that correction will be a collapse. In 1-2 years we will see that, that is certain. What do you count as a collapse because there is no way we will see it go to a value like the deutschmark did in world war II, if you mean a 50% buying power drop then under extreme circumstances maybe but a full collapse of the USD is in no way 1-2 years out. Exactly, we already see the purchasing power go down, it's just that it's obfuscated by the popularity of credit cards. Everyone uses credit cards now, so the velocity of transaction is fast, giving the impression that inflation is tamed, when in fact it's not. Bank savings drop every single year, the interest rate too, businesses go bankrupt at a record high, and the only thing that grows is inflation. Now i dont know how much longer can the traders be fooled that the USD is strong, since it's so embedded in the global economy (petrodollar and commodity) But sooner or later, it will have a 90* drop, after, atleast China develops a similar financial infrastructure, see CIPS http://www.reuters.com/article/2015/03/09/us-china-yuan-payments-exclusive-idUSKBN0M50BV20150309The purchasing power drops due to inflation but for the last year it has been up and China is having an economic crisis right now and is trying to keep their production and labor economy up. I don't think there is much to worry about. Yes the BRICS have problems too, i dont deny that, but whatever problem China has, the Western World has 1000x worse. The ponzi scheme is global. [PICTURES]
Yep, thats why the European Central Bank counterfeits 1.6 trillion euros to pump those toxic bond markets up. If they collapse, we can say bye-bye to the EUR, thus eventually to the petro-dollar too. The FED will soon start QE4 aswell, the ECB can't counterfeit all by itself, it's too hard burden for Europe. Show an UK and Italy and France bond pictures too, i`m curious about them  |
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if you buy something -especially expensive things like house, land, car etc..- with loan you can save money . Coz everyone tend to trifle away their money .
With loan? Haha that is a nice shill for the banksters. The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years. It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way. For a house, it'd be near impossible for most to buy without a mortgage. HOWEVER, that should not prevent you from coming up with as big a down payment as possible. If you can't save 20% for that...you may want to reconsider buying a house. Nothing is cheap when it comes to house repairs, even if you can DIY... As for cars? Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will. Again, a cash reserve GREATLY helps when car shopping. There are always deals to be found from people who are looking for cash I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary. But still the banksters earn way too much premium. Think of this: For a 20.000€ loan for 5 years on 1% interest you should pay in total: 21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€. If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off. However in reality, you pay about 30000 € atleast + some down payment. So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy. Perhaps the combination of both. I think you should reconsider how a bank is able to give out a loan; simply they can create money. Do you think all the money they lend out is from people who put their money in the bank? No. This balance is never 100% and it never will be, although this rate have been increased in many countries since the crisis. Do you know what will happen if everyone takes out their money of a bank? Bankrun! A bank will loan out 20.000 by simply "creating it" in their systems --> and transfering it to your bankacccount. What they get in return, is a monthly amount of REAL money. What did they have to do for that? Not much. It's just not as easy as meeting the inflation rate. That only shows a bigger amount of greed. Because they not just calculate in the inflation / time value + they put on an arbitrary comission , but it's more funny that they dont even lend out their own money. So they calculate all that, like they would if they would lend out investors money, when in fact they just lend out printed money. Yes it's hilarious, but what do you want, until this fractional ponzi scheme persists, we have nothing else. 0% reserves and -0.75% interest rate it's just the tipping point of GREED!  |
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US Dollar is very strong although its value goes up/down but there is a socio-economic agreement among nations to keep at least one currency active for international trades.US Dollar will not collapse totally but in future there will be more than one currencies to be dealt with in international market.US Dollar can not collapse so easy as people say there is a long way to reach till here.US Dollar will not collapse in 2015 not even in 2016.
The US dollar will collapse when the US bond market will collapse, they are tied together very strongly. And the bond markets globally are now way overvalued. The 30 year bull market has to have a correction at some point, and unfortunately that correction will be a collapse. In 1-2 years we will see that, that is certain. What do you count as a collapse because there is no way we will see it go to a value like the deutschmark did in world war II, if you mean a 50% buying power drop then under extreme circumstances maybe but a full collapse of the USD is in no way 1-2 years out. Exactly, we already see the purchasing power go down, it's just that it's obfuscated by the popularity of credit cards. Everyone uses credit cards now, so the velocity of transaction is fast, giving the impression that inflation is tamed, when in fact it's not. Bank savings drop every single year, the interest rate too, businesses go bankrupt at a record high, and the only thing that grows is inflation. Now i dont know how much longer can the traders be fooled that the USD is strong, since it's so embedded in the global economy (petrodollar and commodity) But sooner or later, it will have a 90* drop, after, atleast China develops a similar financial infrastructure, see CIPS http://www.reuters.com/article/2015/03/09/us-china-yuan-payments-exclusive-idUSKBN0M50BV20150309 |
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if you buy something -especially expensive things like house, land, car etc..- with loan you can save money . Coz everyone tend to trifle away their money .
With loan? Haha that is a nice shill for the banksters. The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years. It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way. For a house, it'd be near impossible for most to buy without a mortgage. HOWEVER, that should not prevent you from coming up with as big a down payment as possible. If you can't save 20% for that...you may want to reconsider buying a house. Nothing is cheap when it comes to house repairs, even if you can DIY... As for cars? Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will. Again, a cash reserve GREATLY helps when car shopping. There are always deals to be found from people who are looking for cash I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary. But still the banksters earn way too much premium. Think of this: For a 20.000€ loan for 5 years on 1% interest you should pay in total: 21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€. If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off. However in reality, you pay about 30000 € atleast + some down payment. So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy. Perhaps the combination of both. |
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UFO can be real (unidentified flying object) and it can be a weather balloon or some military plane or plenty of things. Aliens are a different matter IMO, at least I haven't seen an alien (unless something on earth is alien-based lol).
Aliens probably think Earth's a craphole and don't want to visit it anyway. I'm sure they can think of much more interesting places to visit. Yea, an alien race that can travel the starts is certainly not living in socalism/communism. After they see so many idiot socialists here, they will get nausea and just leave the solar system very fast. |
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