Yes, it's posturing.
NK needs the US as an enemy for political control. They need a threat so their people look to them for protection. Without a military threat, the leadership loses authority in the eyes of the people. Contrary to popular belief, NK relies much more on the consent of the population than ruling through brute force. They need a reason for legitimacy.
Ironically, the US uses NK for the exact same reasons. The US needs terrorists and nuclear threats to keep people scared/reliant on big brother for protection.
I hope you're right, but the tension in the region does seem to be ratcheting up. |
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http://www.bbc.co.uk/news/world-asia-21972936North Korea says it has put missile units on stand-by to attack US targets in response to US stealth bomber flights over the Korean peninsula. So is this all just aggressive posturing?
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I have a feeling that this morning will bring disappointment for the people of Cyprus expecting their accounts to be unfrozen. I'm anticipating an announcement stating delays and further withdrawal restrictions.
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if someone like loaded buys 10kbtc right now, we will see 93.15.
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now its 79.72 LOL yikes
$80 in T - 5.. 4.. 3.. 2.. 1.. |
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Hell yeah!
I'm just worried about turning the bitcoins back into real monies back again, I mean, yeah
Your newbie is showing  I mean, yeah |
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IP address, read the thread, it's very informative.  |
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I found some good info regarding MtGox/CoinLab transition here. It's my understanding that, if you're a US customer, your account will be transfered automatically. Non US customers can access their accounts on MtGox as normal. |
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Profit share loans would be better than VIR.
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When, or rather if, Bitcoin has become ubiquitous enough that every Tom, Dick and Granny is using it, it won't be anything like $400 per BTC but rather closer to $400 kay per BTC. Just sayin'. Signed, an Überbull. My 95 year old granny owns some bitcoins. I said to her she should buy some and she just took my word for it. She has no idea what they are, but she is please by how much they are now worth. |
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Jesus H. Christ
What's the H stand for? Heaven? Just asking. Sorry, off topic. The H stands for Harold, as in, "Our Father, who art in heaven, Harold be thy name  |
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I agree. I don't know if bitcoin should be described as deflationary or not, but it often is. Maybe this would be a good topic for a thread, as I would be interested to hear other peoples opinions on this.
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Bitcoin is inflationary. The money supply is increasing every ten minutes. What you are seeing in the price run-up is not deflation of the currency. It is the value of the currency increasing.
At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate. Only at that point will Bitcoin be deflationary.
It's my understanding that deflation is a decline in the general price levels of goods and services, relative to a specific measure. Although money supplied can affect deflation, it's not how it's measured. |
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Will it affect people outside the US that trade btc/dollars on gox?
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