The part in bold is the most clear example that never will exist some currency free from the fees. There are to many the posts here in bitcointalk which exult the cheap of the movements or use of bitcoin. Bitcoin has fee in sending it from an wallet then are the fee of BitcoinPay (in this case). it will be some other fee invented by the merchants or by the banks if the bitcoin will be regulated in that given country and so on. The result: bitcoin in the same situation of the other currencies. Then why use it? It is not the same the credit card?

In this case 0.8% fee is not a big amount but is a fee. It is entered the concept of "fee" with bitcoin. The called "free currency". This is enough that tomorrow another invented thing between the customer and the merchants ask for another fee. Maybe even higher (0.9%). The road is opened. The fee will never die. And everyone will have reason. Will want to be paid for his "work" offered to the user of this work.

I think that technological unemployment is a wrong conception of development itself. During all the story of their existence the human being has invented in continuation. Invention in itself is development of technology. Originally the technological development was the invention of the wheel. There are no data about unemployment that caused this big invention but I think that the human kind has survived to this big development (it is really big) and has continue with others. Slowly but with determined steps this development has build our actual civilization. The last century was full of big technological inventions. No data about unemployment caused by such development.

Where is the point of my comment? The technology doesn't cause unemployment but development. Development mean more workplaces. But these workplaces need learning and adaptation. So is up to the people to learn an adapt to the new reality create by the development of the technology. The more hardworkers do this thing and have more. The others (who wait that something become from the sky) remain behind and without work. But must not be forgot that this kind of people will be in the same situation even without the development of technology. It is in their nature to wait and not to adapt. The life is entirely a continuous adaption. With or without the development of the technology. Who go forward is able to survive and to live better. Who remain and wait is always in risk to be "punished" by the life itself.

To be fair and to give my personal experience not everything depends only from the capacity of adaption of the people. A good percentage in the success of everyone play even the luck. Someone which is rich have the possibility to go in good schools and Universities, create a good social network in which everyone help each other in life. A poor person have much more difficulties to achieve something good even if can be more able and smarter than the first. The first had the fate to be rich. The second have the bad luck to be born poor and without having the resources of the first. Are to many the aspects and the form in which the luck appears. May have the luck to help someone in difficulty and this last have to many chances of work to give to him's savior. May give all your money to someone in which you have faith and he abuse with those leaving you without the resources with which you wanted to create your personal business. Without wanted to tell more, the point of all this paragraph is that don't is enough the hardwork but needed even some luck to have or even create an work.

But one thing is sure. Without the technological development there is not never increase of wealth for everyone and nor development of humanity. Those two things don't create never unemployment but new workplaces and new possibilities for work. In other words create employment.

Good for them. Give lots of bitcoin in publicity and have those data?

On the other hand it is the only way to have customers. Do publicity to have the break even after three years. Now, with the above data, I found another reason why the Big Manager of the signature campaign of this business, called my posts "rubbish". In my posts I suggested to the people to not mine at all because is not profitable. Without seeing in my signature that Bit-x is not only an exchange but even a mining service.

But at least the Big Manager might have shown those to the public telling that these are the rubbish posts to this horror English person. We give money to this person and he tell to the potential customers to not mine at all.

Anyhow, for sure I will do the same, if I will have knowledge before about the earnings which a customer can have from their mining. For sure they benefit from the difficulty which have a normal person to do the above calculations. So benefit from their incapacity to learn before the beginning of the mining process and of the impossibility (practically) to earn. When the customer will know the truth it will be very late. Already paid the money. And Bit-x had the wanted profit.

I see that most the comments (and I thanks everyone for their comments whatsoever it will be) write about to many things but not about the most important given as a title of this thread.

Can be one day bitcoin the currency of currencies? Can be bitcoin the reference point of every currency? Can be bitcoin the etalon for every currency of the world?

I add those the below questions:

If most of the countries (like are the rumors for two-three of those - but which are between the most importants) adopt a national digital coin currency, it will be easier for bitcoin to have the above role (if it will be possible to be)?

I am giving below a "prediction" of Nobel prize in economics (very old but that can give incentives to discuss about this topic):

“We don’t need a Fed,” Milton Friedman says, twirling a letter opener as he speaks. “I have, for many years, been in favor of replacing the Fed with a computer,” he adds. Each year, it “would print out a specified number of paper dollars” to augment the money supply. “Same number, month after month, week after week, year after year.”

Who want more about this interview read here: http://www.cato.org/publications/commentary/milton-rose-friedman-offer-radical-ideas-21st-century

Can be possible this situation? Can help this interview and the "prediction" of Friedman that bitcoin become currency of currencies?

It is a computer product, created regularly every 10 minutes, in the same quantity.

What can harm bitcoin in the fulfill of this mission (if possible) if something can be moved in this way?

So, these are the main questions that have interest to be discussed. Those help in the development of the idea of this thread. Those can help everyone (including and especially me as the creator of it) to learn more about what is written above and at the main post.

Sure it is yours. You want to not pay the debt taken and take other money from other "serious" (i don't know what kind of name can be put here because I have no idea who can borrow money to you).

But you forget that this is not the first time that Greece take money from the others (normally Mafia Institutions of the World), make welfare with those and then deny to pay the debt to the owners.

I found the below written quoted part here: http://finance.yahoo.com/news/a-brief-history-of-financial-crises-in-greece-214114194.html.

Maybe this can make that the others to not believe to the words or to very long writings but to the facts:

"Since becoming an independent nation, Greece has defaulted at least five times:

1826: The first of Greece’s defaults occurred during the Greek War of Independence. The country took two loans from the London Philhellenic Committee totaling 2.8 million pounds, or $4.4 million. Greek independence fighters ended up receiving only 40% of the money and ended up defaulting. This is known as the “debt of independence.”

1843: Greece defaulted on a loan of 60 million drachmas that was guaranteed by the French, Russian and British governments to help the newly-formed country build its economy. The money was mostly spent on the upkeep of military and on Otto, the Bavarian prince who was crowned King of Greece by the Brits.

1860: After this default Greece was shut out of international capital markets and became reliant on the National Bank of Greece. The bank provided funds to the Greek government at interest rates two times higher than the international lending rate.

1894: In 1878 global capital markets opened once more to Greece. Borrowing eventually became unmanageable and the Greek government stopped all payments on international debts. In 1898 the International Committee for Greek Debt Management was created to monitor the country’s monetary policy and tax collection.

1932: Greece wasn’t the only country that was subsumed by the Great Depression and defaulted on its national debt. The country was in default until 1964, the longest default the country experienced.

Greece has spent 90 years of its 194 years as a country in default or debt restructuring, that’s nearly 50%.

And now we have the last conspiracy of the last years build against the Greece by all the corrupted world and their Governments headed by IMF, ECB, EU and above all, Germany.

To not forget another thing which can be read at the above link and which is shown below:


2002:

Greece replaces the drachma with euro banknotes and coins.

2004:

The European commission issues a warning to Greece after discovering the country lied about budget deficit data prior to joining the eurozone.


Greece don't cheat. Greece is victim of the cheaters, various private groups which hate Greece (but give money to it) and the almost all corrupted world.

This is the story of the glorious Greek people and its glorious Governments which are combated by all the (financial) Institutions of the world and almost all the Governments of the developed countries during all its existence. Giving always money in order that they go in retirement at 57 years, have 14 or 15 salaries in a year, have big pensions with contributions of the money of the State (read - given by the conspirators and corrupted groups or Financial Institutions of almost all the developed countries), give mountains of money to the orthodox church, have a stratospheric military budget (80-90% of which go for salary of the people involved in this field) etc, etc.

All this with the money given from the conspirators, from the corrupted and from those who fight and hate Greece and Greeks.

But maybe I'm wrong. Maybe Greece have its own resources to do such welfare politics. Which is unable to be applied even by the most developed countries of the world. For sure because they are corrupted and in the hands of the conspirators or Mafia.

But then why take money from the Mafia, the corrupting institutions and the conspirator during 50% of its existence?

There is a big question-mark about this behavior. Maybe to damage those and weakened them. Take and don't give back, take and don't give back, again and again. One day they will not have more money and will be destroyed. In this way the world will be free and Greece finally will have the possibility to have retirement at 40 years, to have 25 salaries in a year, to not pay any kind of tax and to live the day waiting to go at the bouzuqi the night. The money for all this will be given by all the countries of the world as a sign of gratitude for this great heroism of Greece.

Will be able the Greece people to fulfill this courageous mission which will help all the world to be free from the Mafia, from the conspirators and from the corrupts? I think Yes. With people like Varoufakis and its adulators everything is possible. If it was possible that this kind of leaders, within 6 months, moved back 5 years the economy of Greece and have as a result an agreement about the debt of Greece much more severe than the normal one which would be signed 6 months before, everything else is a piece of cake for those.

But before this heroism need to think about the last agreement signed by Tsipras which is much more severe than that disapproved by more than 60% of the Greeks. Needed money to pay the debt taken to the corrupts, to the Mafia and to the conspirators. This time seems that they really want their money. What must to do?

Varuofakis and its Argonauts are strong and will solve even this new (very old) situation. It is very easy. Read the proposition of the above quoted post proposed at the main post:

Not pay the debt and get another.

More easy than this...

If they will find stupids or new interested countries who want expansion everything is possible.

Thanks for your comment.

My answer about your thoughts it will be almost the same with what it is written in my previous post. So, if you want, read my above posts and you will have my answer for your comment.

Thanks for the comment, happy that your first comment is in my thread and you are not at all crazy. Believe me.

I can tell one my secret. I too want the end of fiat currency. And the replace of it with a national digital coin. Which can have even its physical form. So if you think that you are crazy you have a friend.

But is not the commercial bank which is interested by those things. For this kind of banks it is the same if it will work with the fiat money or with another currency. They again will have its customers even with the (if will happen one day) new national digital coin or bitcoin. They will charge the same the new money with their fees and will do money with the credits given with the new money. They will do money in all the ways given to them by the low and the rules of the Central Bank. So they are indifferent about the form, the color, the form or the owner of the money. They are interests and want only the MONEY. Whatever it will be.

I think that have no meaning and cannot be happen that Government will take on "his shoulders" the creation and the management of the wallets of bitcoin. It would be totally out of its duties and impossible to be managed (its impossible). The govern of USA cannot decide and have no power in Venezuela or China or Russia. So even it will be such rule there (in USA) the people can store their bitcoins online in wallets out of USA and the Government can do nothing.

But is not this the risk that a Central Bank (and not Government) can ban bitcoin (as it is verified in some countries already). Is the fear that bitcoin "leave in shadow" the national currency. This event (if verified) can damage the power of the national currency and can damage even the finances of the country. This can be (I think) the risk of acceptation of bitcoin for one country.

And this normally can happen in countries not financially wealthy. USA for example have regulated bitcoin because have not such problem (i guess from its actions in this direction). Russia which has problems with its national currency has banned bitcoin. China has choose an middle decision. Free for bitcoin for the people but not for financial institutions (situation which is called "restricted" status for bitcoin). Maybe this is connected with the national currency of China which is not totally free to be changed as the other currencies. Can move in fixed margins about a fixed amount which is determined with reference to a basket of world currencies. This kind of currency can be damaged because of its status.

As about for the taxation of bitcoin, this action can be realized in the same way like with the actual fiat money. If it will be regulated, it will be possible that bitcoin can be controlled and manged like all the other actual currencies.

This situation can change if every country can and will adopt as a national currency a digital coin currency. This can made possible the change of behavior of every country in confront of bitcoin. Practically there were be two digital currencies and it will be more easily for the Authorities to make the people to chose the proper digital coin and not bitcoin.

Anyhow I believe and hope that bitcoin can and must have a much higher role in the world of national currencies. Even if those will have all a national digital coin currency.

I think that bitcoin it is not yet and will be not able to cover all the needs of all the world for all the times with money. I'm not sure about this because have not data right now in my head. This is my first reserve about your idea.

The second one is another and more important (I think). If everyone will manage himself its finances and it will be not more  the need for the banks where it will be possible to find credits? The credit is an important tool for the people and for the businesses to be created, developed or go forward in the good and bad moments. So, if your idea will become true, what it will happen with this tool and the needs for it?

Thanks for the comment.

Thanks for your beauty words.    It is everything a reciprocal feeling. I enjoy very much your bullish news. And no one bullish news can come from a not one bullish person.

I do more explanation about my previous explanation. Your "cheap" in that sentence is followed by the reasons of this "cheap" given in continuation. Those reasons  (according to me) are wrong. My explanations have to do with the reasons of the "cheap" and not with the "cheap". So according to my explanations, the "cheap" have not the reason given by you but have totally others. Maybe I'm wrong and you're right. Everyone can take what fit with its pleasure.

The second part of your answer in the last post for me is again not fully clear but for that which I understand, why the banks will lose "the sort of monopoly" in the transactions? Will be the bank which will do the transactions of the bitcoins that will be deposited to the bank by the its customers. As for the other transactions which will be made out of the commercial bank, those will have nothing to do with the bank. So even with aim of this thread.

Bank will have more transactions if will accept bitcoin because will do even the transactions with bitcoin. Will earn even from those. So more transactions and more profit. No reason to hate or to not accept bitcoin. The other transactions with bitcoin out of banks have no reason to be treated here. Are out of banks. We are talking about the bitcoin within the bank not for those out of it.

To not forget that mainly, those kind of banks, have profits from the credits and not from the fees of transactions.

Not because I have doubts in your words but to read more, can you give here the source of your knowledge about the not ban of bitcoin in Vietnam? I thought that Wikipedia is a secure source. But if your telling is true and your source is credible I must rethink this thing. Must to be careful in the future when I will make references from this source. Can be "liar" and "not reliable". 

You must have no idea about a country which is governed by only one political party. I had this experience. My first 27 years was lived in a such kind of country. In this kind of country you are controlled by the "Big Brother" in every aspect of your live and life. Not only in the public life (like it is the example of article) but even within your home. In that kind of country if the Government don't want something it is for sure that "that thing" will not happen for sure. Never. Period.

Correct interpretation (in overall) but not complete and partially wrong (according to me).

1. Every commercial bank have money from the Central Bank but the main source of its money are the money of its clients. This is the real work of a commercial bank. To take the money of its customers and to work with those in order to have profit from the circulation of those; from the work with those. From this profit part of it go to the client, part to the bank and part to the Central Bank. According to the contribute of every subject and the accords between the parties.

2. A commercial bank don't do monetary policies but only work with money. In various ways but only work with money. The monetary policy is made only from the Central Bank and we are not talking about the Central Banks here. It is not their work as a aim of this thread.

3. There has nothing to do the finite or the infinite supply of the money with the work of a commercial bank. Every bank want an amount of money (its part of money; that amount which is capable to accumulate from its customers and from the others which will come in the future) and work with that amount. The overall supply of every kind of money have to do with the monetary policies which, as I told in point 2, is not part or aim of this thread.

4. Having in mind 1,2 and 3 as above written, have nothing to do with the work and the earnings of one commercial bank the nature of the money or if it is centralized or decentralized. At the commercial bank needed money (only money, simply money) to work with it in order to have profit. Those will have bitcoin from its customers, like will have us dollar or euro or any other kind of money and will work with it (those) to earn profit. Maybe will be few bitcoins but are money and can give profit. And having in mind the value of bitcoin and (theoretically) its value in the future those profits can be not indifferent.

Those are my thoughts about your post. 

Very thanks for the comment.

Thanks to all of your for your post. Everyone of your thoughts is welcomed in this thread. I invite you to continue with your posts and your thoughts because every one of those is important and encourage the discussion about this important thing (according to me) such it is the accepting or not of bitcoin by the commercial banks.

I began to give my thoughts and my interpretation to every post but I see that my time is few to continue this practice. Needed to much search and engagement and this is to hard to be made by me. Have even to many other things to do.  

I will try to give my opinion to a few of those. To whom I think that I can give something different and personal.

Very strange this article. In Vietnam the bitcoin is banned. How is possible that a merchant is able to accept bitcoin for its product? For more, how is possible this thing in a country like Vietnam which is a socialist one (having only one political party like China Cuba and Laos)? Maybe has been made an exception for the company which accept bitcoin being it an international one.

And in the article has no only one word about the ban of bitcoin there. Strange even this.

Or maybe Wikipedia is not updated with the last news: https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country

It is my hidden dream my friend. This kind of invention deserve this and more. As for the "Professor" there are far away the years passed when I teaches my students (are more than 14). So better the use of "friend" or "brother". My life has taken much different road since the leaving of the University by me. So I forget the "Professor" (even I have yet already this title. And I will have "this stone in my sholders" until the day of my death). 

Agree totally. I made 15 post in his forum and wait 5-7 days to be paid but at the thread was no sign about him. I deleted all my posts in his forum and made a post in which I wrote:

You are SCAMMERS. You will not have future if you want to create participants cheating the others. I had deleted all my 15 posts made here. Such a shame. A very good forum want to have as users people cheating and offering bitcoin and then give nothing promised. See this thread:

https://bitcointalk.org/index.php?topic=1198866.0

My post is not deleted yet (until this moment) and can be found here: http://forum.top10songs.net/showthread.php?tid=72&pid=489#pid489

Below is part of one of my above posts :

"Another thing. This approach you give to all this story evaluate the form (the language) and not the thought (what is expressed with the language) is the most clear fact which give the clear idea about the meaning you give to your job. As for you have no importance that which is told but the language used to tell this "that". So for you is an excellent post a post with perfect English. That's enough for you to give and accept it as an excellent that post. Even if in that post must be written the most stupid thing of this world."

I want to add this:

Satoshi Nakamoto, the reason of existence of this forum would be throw out from this campaign from the English Man because of its English. Have not importance for the Big Manager that was him the inventor of bitcoin. His English is not at the needed level from the Big Manager of this campaign.





You for sure are wrong. I never will be back in this campaign with this kind of "ma nagger". Don't be worried about me. I'm already part of another signature campaign. See my new signature. Here I'm paid even better than in your signature. But what even If I will not be part of any signature? My life is full with to many other thing much more important than the participation in an signature campaign. My world is much larger than the world of Big Manager of this campaign which think that have in their hands our fate. I like to be in forum and for sure I like to be part of a signature campaign because in this case your work is appreciated. But I will be not part of every kind of signature campaigns. For example I will not be never part of a gambling signature campaign. Like it was a very few time ago your Big Manager. Being in the same time manager of another signature campaign.

Sure that the bot is a machine and an algorithm and its work might be (is) not reliable. But as I told in my above post is better that someone which don't read nothing from your post and touch your work without reason. Only for fun. Or for another hidden reason. That's the reason that him was unable to not give explanations about the exclusions of the my 10 not counted posts.

If he had read my posts it would be very easy for him to find my "terrible English and rubbish" posts when tried to protect its actions. See above. Only two links and have nothing wrong. As usually are not all his thoughts. Why was unable to give more? At last those 10 removed from my last payment? Was removed only one days ago. So must be easy for him to find those and to put here. But it was impossible. Because he has removed my posts without reason. To not tell with an hidden reason (that I smell what can be, but, as I write above, can't tell because have no facts). To not tell that he has removed my 10 posts as a total quantity without reading nothing. Because at this moment this figure has touched his mind.

I cannot tell that all my posts are to put in a frame and to be in the hall of fame. But every of those is in the right place, is not spam and express my thoughts. It is not told that all those must or can be accepted by everyone. But I have the right to have my thoughts and to express those. Everyone has this right. We are in a free world for which the humanity has fight during his all existence. We are in a free forum. I respect its rules. And is not (cannot be never) the Big Manager that can decide what is good and what is wrong in those. With this kind of mind he is showing to have, he is able only to wear its underpants and that's all.



I had not attacked no one. I have been attacked in my work and when I asked the reason of this (very polite and with pm) I had an disrespectful answer and without explanations (full of lies). I was obligated to act in the above way. Maybe most of you are now protected by him irresponsible behavior and its discourtesy. For example you with your English.

Maybe he will have fear now that someone other act like me and will be more responsible (always from the fear).

I don't attack no one in my life. But I'm able to defend myself from anyone. In the forum or face to face.


At the end and for everyone.

If you want to know the truth you must have the patience to read and understand all my above posts and the replies of the Big Manager.

If you want to know the quality of my posts you must and can read all those before. You can find all those in my profile.

Maybe not everyone will like those or will agree with those. But are my thoughts. I respect everyone who has its thoughts and have the will and the courage to express those. Even when maybe don't fit with mines. These are the rules of the liberty and the freedom which have everyone of us. And I love this liberty and this freedom.

Good work to everyone and happy life for you and your families.

Thanks for accepting. Hope to be profitable for your business.