It's starting to feel like we're gonna keep testing this level until it falls. Hate to say it. I wonder if this will be like "the last time we see 500s again" -- except in reverse? I guess we'll see who among the hodlers can really hodl.  |
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Can someone please explain how exactly total return swaps work on bitfinex with USD. What type of risk is the offerer exposed to? Is the rate of return per day really .1469%? I dont understand how the rate of return could be so high without there being effective risk for the person offering the swap.
Risk is the exchange might go bankrupt. Firstly, they don't really insure lenders' money. If all positions had to be liquidated based on the order book, USD lenders would lose dearly -- very dearly. And Bitfinex makes no legal guarantees there. But yeah, they could certainly go bankrupt... or simply run off with the money. I'd be weary to keep too much permanently parked in USD lending there, as I've heard more than one programmer remark that their platform is not coded well, and even that they don't understand the issues around floating point arithmetic. That would, in turn, make me worry about their security protocols. We know very little about the identities of Bitfinex's operators, and if they were to lose significantly in a hack, it may be easiest for them to simply cut and run. Just a hypothetical... |
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so yes in the good old days when money was honest and the banks couldn't simply print it out of thin air to buy the politicians at least half of the population could vote in a manner that could change something.
today no one's vote matters, but hey good for the women for getting the right to cast a meaningless vote...
You think this all boils down to "honest money"? The banking monopoly is only a small piece of the puzzle. The use of hierarchical power against the oppressed is human's perpetual history. The point is that the early 1900s in no way represent freedom. It was simply more of a "wild west" of opportunity within a context of drastic political, social and economic inequality. The comment on women being treated as second class citizens is only the tip of the iceberg. And the point is that "government monopolies" are the not the only ones to consider. |
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Because they think they deserve it. "Oh, he deserves to be poor, its their fault". This along with the hope of poor people to get rich, constitute the fundamental pillar to keep the capitalism scam going.
Pretty much. Unfortunately it never dawns on most to consider why from generation to generation, the poor stay poor and the rich stay rich. Hard work? My ass. Private property allowed for rent, profit, usury. The rest is history. And to be clear, the people I've known who would be considered "rich" by relative standards, have always been the laziest I've ever come across -- the type who couldn't be bothered to lift a finger for themselves. |
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sometimes when we buy any item with bitcoin, there are a lot of discount we can get, as example if we buy laptop or gadget, we can get discount until 20%. If this is continues, maybe I will always paying anything with bitcoin, hopefully this is always happen when we shop ...
Up to 20%? Are you sure? I didn't realize that the margins on laptops was so high. Someone just posted in another thread that Newegg is giving 30% discount on orders above 500$ paid in bitcoin. Not confirmed but not denied either. A good free-market capitalist should buy all their stock with bitcoin and then sell it on eBay with a 25% markup.  Unless their plain (non-discounted) price already is 35% over the rest of the market, of course.  Well, if it was happening a couple days ago, it doesn't seem to be happening now. I just tried to order a desktop PC. It actually applied a 20% discount before choosing payment method. After choosing bitcoin as a payment method, the amount did not change. |
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will America ever return to be as it was at the beginning of the 20th century?
Ah, the good old days -- when women weren't legally allowed to vote, right? When laws were skewed to favor white, male property owners above all others? I wonder if old white men from the early 20th century fantasized about a return to the days when they could legally own slaves as well.  |
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Che was a Marxist revolutionary. Please don't associate Bitcoin with Marxism. We are anti-Statism.
Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.They said that the society will be stateless because nothing will exist outside the state, so we can't speak about the state as a separate entity. I guess it is not what most bitcoiners want. LMGTFY -- agree. They don't say "nothing will exist outside the state." Not at all. The idea is that once we live in a classless society, the state will have no utility, and no reason to exist. In other words, they want the same ends that anarchists do. Now, whether practice follows from theory is another question. |
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Wall Street is not going to invest in crypto currencies on any major scale. This goes against all they rely on to make a living, and would undermine their own existence. Who would do such a stupid thing.
Wall street is utterly rotten - I'm not sure why would anyone want them to hop in Well, I think it's pretty obvious. People figure that Wall Street funds invest in the billions, so considering bitcoin's market cap, if they actually wanted to invest that kind of money, it would have to drive up the price considerably. Wouldn't you agree? Now the question is, do they want in?  |
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Bitcoin is actually a project that originated from within the NSA. There is a "backdoor" that allows the NSA to manipulate the blockchain and snoop on BTC users. |
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Added you, we have 3 spots left. Please use the new sig I count one spot left..... I'll check back to make sure you confirm. Please sign me up. Posts: 201 BTC: 1Jtv8fQDB4HPVpcqNpnw7LiQYWAH79e8Fs |
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and so the bear trap transformed into a bull trap.
There is no Bull trap, now it's weekend so market trying to take breath before begining of new week, just enjoy your weekend and forget about Bitcoin movement. I hope you're right. Thing is, it seems like BTC makes these bounces that break the short term down trend, so you think it's bullish, but then it slumps for days and then eventually just seems to roll over.... |
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Bitcoin is just in a bubble! We will go back to < $1 prices in short order!! (Right......) |
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User: JerryCurlzzz Posts: 197 BTC address: 1FqrHFiXWLVdhgQm7nojrqCEG9kKYy3zPk I'd like to sign up, too. Thanks for the opportunity! |
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bitcoin will never succeed because the government won't let it!
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not jail really, but spent the night in a holding cell/drunk tank once. same here. one night is all I need. please no more. |
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i've always been a Bloody Mary kind of a guy. tomato juice makes you strong! |
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