I'd like to see him publically buy a large chunk of actual btc.
No one buys Bitcoin publicly. Bitcoin is meant for anonymous trading, unlike the fiat currencies. And why should anyone do that publicly? Bitcoin is still banned in certain countries such as China. A billionaire who buys it to bitcoin would be smart to make his investment public since it will likely inspire confidence in bitcoin. People are naturally followers and when the richest people in the world are investing in something, people want in. |
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You could check localbitcoins for people who buy btc for paypal.
Is it safe? Isn't US only? It's not US only, it's worldwide. They escrow the transaction and you release the btc when you have your money in your account. I can't vouch and say it's 100% safe, but I use it often and it's been great. Also people have feedback you can check before dealing with them. |
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I still find it really hard to believe Brock Pierce placed high enough in the election.
Hasn't this community been pierced enough already?
KnC Miner bought a $100k platinum member spot which presumably comes with a large amount of votes in the election. Plus his own Gold company. ha, this sounds no different to me than politics. you can "buy" votes, as in money = speech. what i don't quite understand yet, is how does he turn this into $$$ and influence going into his pockets? By legitimizing himself in his quest to buy Gox for a dollar. I guess he expects his position to add credibility to Sunlot. That's the plan as I see it anyway. |
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I think this is losing battle. People hate PayPal but you're not going to win a war of attrition against their legal team.
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I still find it really hard to believe Brock Pierce placed high enough in the election.
Hasn't this community been pierced enough already?
KnC Miner bought a $100k platinum member spot which presumably comes with a large amount of votes in the election. Plus his own Gold company. |
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OP, you need a better accountant. Stat.
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having a currency backed by nothing, over printing the currency and unregulated derivative banking policies.
The currency is backed by debt, and debt isn't inflating as fast as before. That's the reason why we are far away from inflation. Over-indebted economies (Japan, Europe, US) can hardly expand debt/credit anymore; therefore we don't see infation in those economies. You mistakenly included Japan into this list. While I agree that US and Europe private sectors can hardly expand debt currently, for Japan the situation is different. Japanese are unwilling to borrow, not unable. In fact, they have enormous savings stash compared to the rest of the world. Don't some people say that their obsessive savings holds back their economy? |
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As I said in the other thread about this:
Buy and hold. No mining. No daytrading. Just read bitcointalk to see how many people have been burned.
But no one has been burned just buying and holding bitcoin over any reasonable amount of time.
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We'll see if they'll continue with soft measures or actually try a full on hard ban in plain language. Not sure what they'll do but they'll never kill off btc use in China 100%.
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Rickards completely ignores devastating numbers from the European economy, which have only been getting worse. Quote: "By late 2012, the European sovereign debt and bank crises was largely contained" (p. 128). Excuse me!?? He enthusiastically writes about a treaty between EU members that "requires signatories to have budget deficits of less than 3% of GDP when their debt-to-GDP ratio is under 60 percent." More rigid requirements are valid for counties with higher ratios - but he completely ignores all the regulations of the past about debt, which have been broken by most EU members without any consequences. So where is this guy living (in the US, I know...)?
According to him, "Greece needs only more flexible work rules, lower unit labor costs, and new capital." This stuff makes me laugh. Greece at least additionally needs/needed stricter tax enforcement and measures against corruption - but also, the Greek and the German economy, for example, just don't make a good fit! The same easy money policy Rickards condemns in the US, is totally ok for him in Europe. And finally, the most outrageous claim of the book is the claim that Germany (edit: the Eurozone) has "real positive interest rates" (p. 127)! What the fuck!?
This part in particular is pretty ridiculous I think. |
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when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?
Cash is great compared to credit cards and paypal. Why hate on cash? If things go the wrong way in the future we might look back on the days we could transact anonymously in cash fondly. |
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If you're going to keep a percentage of it in currency, consider diversifying it in to different major currencies. Like EUR, JPY, CHF ect. I probably wouldn't put it all in USD unless I had a strong reason to believe USD specifically was headed up.
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Honestly...Just buy and hold. No mining. No daytrading. Just read bitcointalk to see how many people have been burned.
But no one has been burned just buying and holding bitcoin over any reasonable amount of time.
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Paul Krugman can keep arguing that debt doesn't matter, but I'll stick to real world economics and keep an eye on US debt lest this happen to me.
It's a bit different. This would never happen in the US in my opinion. |
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Is is great. Much easier having it all layed out like this I think.
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Our next big feature is HD wallets, and using new addresses for every receive and change.
There you go. No need to be angry. It's still being developed. |
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I'd like to see more brick and mortar places where people could buy btc in person safely.
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Exchanges need revenue sources that are reliable and ads won't cut it. There are costs in running any business, exchanges included.
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You could check localbitcoins for people who buy btc for paypal.
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A huge amount of people buying bitcoin related things on ebay are scammers. Becareful.
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