What a ridiculous article, but thanks for posting it.
"The Winklevoss brothers predicted that the coins could peak at $40,000 each. Of course, it turned out that, as in so many other things, the brothers were dead wrong." This guy either is being purposefully obtuse or is just stupid. No one said $40,000 right now. No one said $40,000 in January. I had to stop reading after his stupidity at the start because if he was that dumb, the rest of his speculation is probably as bad.
He was probably one of the people who said that June 2010 when it hit nearly a dime per that it was a bubble and that people who were saying it would be worth, $1, $10, $100, or $1000 were "dead wrong."
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"Launching a review"
That's about all govt.s are good for ... just keeping launching those reviews you useless plonkers. And no doubt erecting more barriers and laws to thwart real progress ...
Some of us are changing the world for your kids to enjoy.
"Government launching a review of the printing press and fire". How about just get out of the way!
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I just think it is sort of a sucker score.
Therefore a higher credit score just shows that you are losing money to the banks.” Get a credit card. Pay your balances in full, monthly, then there are NO FEES. Free credit score. Free low credit score. Banks do not want you if you pay off with no fees. That's the thing, a high score means you will borrow more than you can pay off and will go into debt. The credit business is about getting you in debt, not lending you money. Not true at all. At one point I wrote credit software for 5 years and I can tell you that I know EXACTLY how every action affects your score. Borrowing and paying off every month will get you a very high score. This is correct. I use my card and pay it off each month in full so it is a zero interst loan with 1-2% cash back and in March this year it was 849/850. Debt on cards is at too high a rate.
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You are right. It seems the Dogecoin pump and dump has ended and the bag-holders are left holding the bag. Dogecoin seems dead, and I see no advantage to litecoin to allow merged mining.
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Especially countries that suffer from economic problems need to have the ability of pulling certain levers and knobs in order to influence the market or stabilize the economy.
Nonsense. The ability to manipulate the currency is exactly why Argentina is currently in this predicament. QFT. Manipulation of currency causes the problems Argentina is facing.
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What this case has shown is that New York and the United States deserves to be weakened as a financial center as it is not to be trusted. Bitcoin as a transaction medium gets around the anti-democratic blockade that is designed to enslave this people.
This is the core issue and why bitcoin is such an ideal platform without the slavery imposed by the US jurisdictional control over NY banks.
I don't think "slavery" means what you think it means. Argentina was never forced to do any of this. They voluntarily agreed to borrow money and then failed to repay it.
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The article does not properly focus on the way the US supreme Court has chosen to let financial interests go before democracy for the Argentinian people.
The article doesn't properly focus on the fact that the Argentinian government borrowed money, agreed to pay it back at a certain rate, and then failed to do so. At the same time also agreeing to let U.S. Courts decide the issue. The issue is simple: Argentina has been ruled by authoritarian deadbeats for a very long time who are more interested in raping the Argentinian people and maintaining their own power than doing what is right for Argentina and her people. They are more than willing to agree to one thing and then try to change the rules later and then complain about it being "evil financial interests" or some other scapegoat in order to distract the people from the fact that they are doing things only for their own power. The Argentinian government can not be trusted to do what they agree to do. Anyone who loans money to them is extremely stupid because they have shown repeatedly that they want to take someone else's money and never repay it.
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There were a ton of winners in the cold war - everyone alive who had a hot war prevented. In the coldwar there were no winners.
In this war, there will be a winner, just not sure yet who it will be.
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Are you from the deep south by any chance? Lol! ...
Check out the racism there - anti-people from below the equator!
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DigitalOcean has some good servers. They are inexpensive and seem reliable too.
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Isn't Argentina the country with the super-laid back president?
No, Argentina is a country with a woman-who-has-absolutely-no-idea-what-she-is-doing for president. I.e. B. H. Obama with boobs. FTF Someone.
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Checks name *bitcoinpropaganda". Yep, seems about right.
If you don't have something useful to say please do not say anything at all. Sounded pretty useful from here. The odds of this happening are so close to zero that it makes a btc address collision seem likely. An authoritarian, socialist like the President of Argentina will do nothing that takes her control and power away which is what this idea would do. Her empty statements about helping the poor are nothing more than platitudes to appease the masses and maintain her power. It would be a benefit for Argentina but won't happen.
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I would say all the fiat system is collapsing, the world needs to go back to gold and/or now adopt BTC.
yes..It is a total myth that fiats last a long time.All fiats die ..all fiats die .. ALL fiats dieThe current capitalistic system is doomed and bound to fail at some point. The current fascist/authoritarian/statist system is doomed. FTFY.
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There's got to be a catch to this. How can they cover against the fluctuations? Doesn't seem right.
The other thread discusses it, but if they get bitcoin and then sell it for fiat, volatility in fiat terms is gone. Then you convert back to bitcoin when needed. Seems like hype.
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You can buy bitcoin with 5$....why would "being poor" stop anyone from getting into BTC.
This. Anyone can get into bitcoin, whether they have a penny, a dollar, or a million dollars. Even if you have NO money you can get into bitcoin if you have a skill you can sell. Self-defeating attitudes hold so many people back from reaching their true potential. :-)
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Wow!!!
There are people in Buenos Aires selling bitcoin for ~8150 ARS or $1000!!!
$1000 if you use the government exchange rate. they are trading using the black market rate, which is the true dollar value. Yeah. If you are trading bitcoin for pesos, you have to have a nearly immediate use for a lot of pesos or you will likely be stuck holding the bag. Inflation is already high, but if it goes up from 30%+, you need some type of hard asset. Or you'll be stuck if the peso crashes more than it has due to default and other mismanagement.
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And it isn't the official Wall Street Journal page either. As you said, both the-wsj.com and block-chainl.info are scam sites.
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If they could do so - with gold, silver, dollars or bitcoin - they would do so. The problem is multi-fold: import/export controls, capital controls, and finding people who want pesos.
I feel for the people of Argentina who are being used and abused by power-hungry authoritarian statists who care only for themselves and their money and power instead of the people.
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And no one here mentioned the true culprit in the Argentinian disaster of the recent years, that is the IMF and the role it played in the default of this country. The IMF in Argentina turned from "being a lender for development to a creditor demanding privileges" (as per Argentina's president Kirchner). And obviously not only there, now we see Ukraine treading the same path.
I had forgotten that the IMF showed up with tanks, guns, biological weapons and nuclear weapons that forced the Argentinian government to borrow money (repeatedly), agree to having disputes litigated in US courts, pretty high interest rates and then try to avoid doing what they agreed when paying it back. Face it, after the default ~13 years ago, no sane person would lend them money without specific guarantees (and ditto before the 13 years ago default, they wanted specific guarantees then too). Argentina keeps making agreements and then failing to live up to them. Each time the requirements get tougher - frankly though I am surprised anyone would loan them any money at all. I am no fan of the IMF and its policies, most are stupid and just encourage the same bad behavior that leads to the crises in the first place, but blaming the IMF for Argentina's default is like blaming the drug manufacturer for your drug problem. Argentina's government has been profligate for many decades, each time getting worse, trying to live at someone else's expense. Until they realize they can't live beyond their means, this will keep happening. (And the same thing is happening all over: Greece, US, Portugal, Italy, Spain, France, many other places. Everyone thinks they can borrow, borrow, and borrow and never have to repay it because money just grows on trees.)
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