first they troll you.
then they FUD you.
then they panic you.
then you lose..
Only the weak hands lose, we old hats have proven it many times over. |
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The boat is only just getting it's engines started I think(/hope).
The boat? I thought we are on a the rocket to da Moon.. May still be a few months off but it's coming.  |
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If they're doing this they are fools. It is merely delaying the inevitable at great personal cost. Not a rational act.
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Who is this? Is this Nicholas Cage?
That is a drawing of a picture that resembles Nick Cage, yes. |
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Forgive me for quoting myself, but I hit the nail on the head with this post: Unfortunately the greed that controls the legacy banking system with their printed legal tender cronies will have a whole lot to say about this They [governments] will indeed have a great deal to say. But for the first time in history they can't say it while pointing a gun at the competition.
And with each passing day the world will listen to them less and less. With each new financial crisis the world will get sicker and sicker of hearing their lies.
With each new violent act the world will tire more and more of supporting their blood money. The banksters' days are numbered friends, believe me.
This is the end for them. A total paradigm shift. This is the beginning for the rest of us. Take heart, brothers and sisters.
We are the future, and they are the past.
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To extort the maximum value from a population, when one has control of monetary system, leverage the laws of supply and demand. Use deflation, inflation, and hyperinflation all as tools to transfer wealth. All have a place and a purpose.  The banker's guide to owning it all: 1. Become majority lender in an economy of people with assets you want. 2. Encourage indebtedness by loaning generously while securing on assets of interest. 3. Loosen lending standards until the assets you seek to capture are attached. (this makes the economy debt dependent) 4. Once debts are significant for the bulk of the population, sharply tighten lending standards. <-- Economic shock - Onset of deflation5. Backstop losses with public guarantees if possible. This is gravy if one can get it. (Fannie and Freddie guarantees, for example) 6. Permit default 'without risk' on the assets you wish to sieze to maximize wealth transfer. (stall foreclosure, stay repossession orders etc) 7. Stall the economy to maximize default positions and deplete private liquidity. <-- We are here8. Successively ratchet the economy downhill, while bettering secured positions. 9. In a series of large actions, sieze all security for default. Target the assets of greatest interest first. (This deals a heavy economic blow and can help cause the ratcheting required for step 8.) 10. Transfer asset ownership, but retain prior owners as renters where possible. (This reduces public lashback and helps maintain the asset for resale) 11. Once the bulk of assets of transferred, write them down to leverage the public financial backstop. 12. Buy up as many remaining assets on the cheap as possible. Hide this action. 13. Hyperinflate to destroy the external claims on wealth. <-- Onset of hyperinflation (This destroys treasuries, gov't bonds, currency. Ensures free title on new assets. May cause war.) 14. Stabilize the currency or devise a new one, resume lending at a reasonable pace. Sell the assets back, secured of course, at your chosen price in new currency. Hyperinflation is only a risk to the wealthy if the population has the assets. Make note of that statement. It is key to timing the shift from deflation to hyperinflation. http://www.silverbearcafe.com/private/01.10/thinklikeabanker.html |
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1, bitcoin has no value, just a piece of junk number. it has no value like currency or gold, people buy it just for speculation. I'm gonna take a wild guess and say this person doesn't control any BTC. But if you ever do, I'll expect you to give them to me since according to you they have no value. I will further speculate that, were I to send you 5 BTC right now, you would in fact spend or sell them, rather than leave them untouched or give them back. |
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There's two types of bitcoiners. Those that get their confidence from observation and deduction - pattern recognition in short - and those that rely on others for their confidence. Independent Bitcoin confidence is a reflection of intellectual confidence.  Which type are you? |
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To borrow a phrase from Bruce Fenton:
If the tyrants of the future knew today how the blockchain would change the world, they would kill every single one of us to stop it. I am not being hyperbolic. Fortunately for us, they don't have that foresight, and there's too many Bitcoin followers now in any case.
Bitcoin represents nothing short of regicide of modern financial kings. It's an usurpation of the sovereignty of the state, by seizing control over money, devolving* sovereignty to the individual level. In centuries past they would have solved a problem like this by lopping heads off. Can't do that in the information age.
*this is meant as compliment, not insult. Individual sovereignty is social evolution from a world governed by the violence of nations.
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This has been talked before, no way to effectively kill bitcoin, calm down.
There is actually, but it would involve eradicating the human species at this point. I don't think any governments would go THAT far. |
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95% Bitcoin
5% Gold
If 200 years, 100% Bitcoin. Because by then we'll have asteroid gold.
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I incline to agree with Wired. OpenBazaar is gonna end up as a DarkMarket. A marketplace without centralization is nothing but a scammer's heaven and drug dealer's den. Hmm, why does this sound so familiar? Ahhh yes, it's exactly the same way the media framed the internet back in the mid 90s. Here's the first paragraph from a New York Times article on the internet from 1996: Big Brothers Abound In Virtual New World"Unregulated and unpoliced, the Internet resembles a Wild West frontier town without a sheriff. Con artists have turned to the Internet, on-line services and electronic bulletin boards to promote bogus stock offerings and other dubious investment opportunities such as gold mining, gemstones and ostrich farming. The Internet also lends itself to marketing scams known as pyramid schemes, in which a few participants get rich and the vast majority get burned. (...) It can discover your name, E-mail address, location, the kind of computer and browser you are using and other sites you have visited — and much more detailed information besides. "Although it may not seem like it, someone is following you through cyberspace," the center says. "Every time you retrieve a file, view an image, send an E-mail message or jump to a new web site, a record is created somewhere on the Net." Source: New York Times archives You know, that last part is actually true. Although I somehow doubt the author would have wrote it in such a scathing way if he knew that stranger watching you online was a government agent violating your constitutionally-protected right to privacy.
The moral of the story, kids, is that establishment sources are always afraid of the new thing, they will always demonize it. Why? Because shock and scare stories get views, they make the money. It is easier to Shock & Awe an Escrow, rather than a corporate entity. Yes, sociopaths are generally immune to scare-tactics, as well as indifferent to reason. |
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I don't understand why anyone thinks this is even a scandal. I already figured out and posted Satoshi Nakamoto's true identity over two weeks ago. Did you guys miss it? |
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I incline to agree with Wired. OpenBazaar is gonna end up as a DarkMarket. A marketplace without centralization is nothing but a scammer's heaven and drug dealer's den. Hmm, why does this sound so familiar? Ahhh yes, it's exactly the same way the media framed the internet back in the mid 90s. Here's the first paragraph from a New York Times article on the internet from 1996: Big Brothers Abound In Virtual New World"Unregulated and unpoliced, the Internet resembles a Wild West frontier town without a sheriff. Con artists have turned to the Internet, on-line services and electronic bulletin boards to promote bogus stock offerings and other dubious investment opportunities such as gold mining, gemstones and ostrich farming. The Internet also lends itself to marketing scams known as pyramid schemes, in which a few participants get rich and the vast majority get burned. (...) It can discover your name, E-mail address, location, the kind of computer and browser you are using and other sites you have visited — and much more detailed information besides. "Although it may not seem like it, someone is following you through cyberspace," the center says. "Every time you retrieve a file, view an image, send an E-mail message or jump to a new web site, a record is created somewhere on the Net." Source: New York Times archives You know, that last part is actually true. Although I somehow doubt the author would have wrote it in such a scathing way if he knew that stranger watching you online was a government agent violating your constitutionally-protected right to privacy.
The moral of the story, kids, is that establishment sources are always afraid of the new thing, they will always demonize it. Why? Because shock and scare stories get views, they make the money. |
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To start and stop the discussion of the peer to peer marketplace at "drugs" is negligent https://medium.com/@Valerian/wired-misses-the-point-of-openbazaar-c1adf8752cffExcerpt: The originators of OpenBazaar, and its predecessor DarkMarket, see this lack of censorship as one core feature of the system’s many worthwhile attributes. But, if you read the recent Wired article about OpenBazaar, you might suspect that the only use of a peer-to-peer marketplace would be to sell drugs. The title of the article, “Creators of New Fed-Proof Bitcoin Marketplace Swear It’s Not for Drugs” immediately puts OpenBazaar in the context of illicit activity. The sensational headline paints its creators as, at best, criminally naïve and, at worst, willful lawbreakers.
Author Andy Greenberg writes, “And just what will you trade on OpenBazaar? A good first guess might be drugs.”
Actually, it’s not a good first guess at all. Last year, Alibaba saw 231 million active buyers on its China retail sites. Mr. Greenberg seems to suggest that if you remove the element of censorship in commerce then we would immediately have 231 million new drug dealers and users unleashed on the world. The article implies that the main purpose of any peer-to-peer market is for illicit activity. The logic underpinning the Wired piece relies on erroneous reasoning that, when vocalized, quickly gets reduced to unrealistic fear. I'm very much inclined to agree. Wired's "journalism" borders on slander. |
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goxed,no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco, The market is currently only a playground for gamblers and fanatics I have 3 degrees and 98% of my life savings is in Bitcoin. Tsk tsk. |
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BTC as an investment appears to be rock solid... compared to parking your cash in a bank account which earns you no growth opportunities... why not venture into a much higher upside.... we are in a state of major infrastructure growth and a broad based public recognition... with today's price I can't think of a better time to secure coins.
This one is a firm believer. Are you rich sir? We all are, soon. "But Ready says betting on bitcoin now is a lot like betting on mobile commerce three or four years ago. People shopping on their phones back then was a very small part of the online shopping market. But that percentage has grown, and Braintree was able to ride that wave to its current success." http://www.wired.com/2014/09/paypals-support-is-the-best-thing-that-could-happen-to-bitcoin/ |
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Buy when bitcoin price is low and then just hold into it. September 9th, 2014. Bitcoin at ~$470 Dump your life savings in now, plus any and all fiat loans you can get.
Never look back. Don't even bother paying back the loans. Your credit score doesn't matter anymore. You're free. You're welcome.**You may consider this legally binding financial advice from a Serious Business Professional, MBA, PHD, Esquire. |
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