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Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.
What do you think this means and why was this done?
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I am from philippines and it is good to see that we are listed on 50 countries that has the most cash trades on bitcoin,its not that common to see my country there specially of bitcoin mining hype happening right now,
Thank you for replying. On a side note, we will see China under-represented in this forum albeit because massive government scale block of citizens having internet access to this domain. Chinese internet is not free and a very limited walled garden. |
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Central Banks in all the countries haven't been truthful about the extent of fiat/credit issuance for decades - hiding this fact has made it easy for theft on a grand-scale from all peoples. The lack of knowledge sets up a hurdle for those to understand. However we can take peace in the fact there are very smart people in almost every country that can read such systems, understand bitcoin, and have been engaged in acquiring bitcoin. Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Banks in every country for the last four years have blocked bitcoin businesses and bitcoin transactions. But every year Bitcoin got stronger. On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping  https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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If you think about it. Bitcoin is basically just a stock. If you buy apple stock. That stock may go up in value due to high demand or it may go down due to low demand. The stock itself, doesn't do anything. If you own the majority of a stock then you have control of the company, but for most stock holders all it really is, is a certificate that says you own something. Well, since most people trade on computers now, just a number on a computer screen saying "you own x amount of shares".
So what can you do with this apple stock? You can't eat it, you can't use it as shelter. It really isn't anything. It has no concrete value. Sure, you "own a portion" of the apple company, but what does that even mean? If you walked into apple headquarters you would be considered trespassing and rightfully so. Owning that portion of apple stock does not affect your life in any way on a physical level. The only way it can be of value to you is if someone else buys it from you later at a higher price. If everyone tomorrow decided to dump apple stock, the price would drop down super low regardless to how the company is performing. Even if apple released an iphone9 that is super revolutionary and has made the company tons and tons of money, it still would not effect the price of the stock. Well indirectly it would. In a direct sense, it wouldn't because the true value of the apple stock is determined by what traders/investors decide it is worth on the market. Stocks aren't backed by anything other than the perceived notion that it will mimic the performance of the company that it represents.
I think of bitcoin in a similar light. The only thing that sets it apart is that bitcoin is also a medium of exchange. Though not wide scale yet. Even if it wont become wide scale it still would be similar to that of a stock. It is backed by the belief that a new system for money will exist or by the belief that bitcoin is a store of value (electronic gold).
What is bitcoin really worth? $4000? $3000? $10,000? $1,000,000, $0.01?, nothing?
What is apple stock really worth? $150? $300? $7,000? $0?
The answer is simple. It is whatever the world collectively agrees it is worth.
(Okay, apple stock may not have been the best example since it is a stock that pays dividends. However, for stocks that don't pay dividends this is absolutely true).
Thoughts?
Stocks, Real Estate, Gold, Checking accounts are examples of financial assets that are subservient and manipulated by the global fiat system. They can be confiscated at will and frozen by the authority of central banks and governments. Bitcoin is not only not subservient to this system, but also (unlike the stocks, real estate, gold) Bitcoin transcends national/geopolitical borders. You can take it with you to another country easily WITHOUT any third-party intervention with just knowing a few words. Stocks, Real Estate, Gold requires third parties or storing/transport costs. Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.Just a reminder to newbies: Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Just a reminder to newbies: Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Hahahahaha. So funny! China and ANY governments do not matter to Bitcoin anymore! Hahahahaha. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Hahahahaha. So funny! China and ANY governments do not matter to Bitcoin anymore! Hahahahaha. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Bitcoin is not gambling it is a crypto currency. Some people use it in gambling maybe thats why others called it gambling it is like a fiat if you use it gambling you might win or loose. So to clear it bitcoin is a virtual currency a medium that is used in different transactions like in trading and investing and others.
People buy Bitcoin, hoping to make money. It is not risk-free, therefore it is gambling. But so is buying stocks and real estate. It is all gambling. If there is a possibility of losing money, it is gambling. Why does the fiat system globally inflate fiat annually at such high levels? Why central banks gambling away our money? Why are US Dollars, Indian Rupees, Euros, Chinese Yuan, Mexican Pesos going down in value every decade? Will the bubble of global fiat issuance ever slow down or stop? Globally recognized that there is no financial asset in existence that offers better long-term store of value than Bitcoin. Bitcoin is deflationary, LIMITED in supply and not inflated like fiat. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Will the bubble of global fiat issuance ever slow down or stop? Globally recognized that there is no financial asset in existence that offers better long-term store of value than Bitcoin. Bitcoin is deflationary, LIMITED in supply and not inflated like fiat. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
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Any others want to raise their hand with their country?
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Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
....
Bitcoin, systemically, is free from these burdens.[/size]
This is what happens when corruption goes awkward and it doesn 't matter what ideology, has nothing to do with it... . So just wait and see for the first of the "Other" systems country 's going all the way... . http://www.zerohedge.com/news/2017-09-24/insiders-view-bitcoinization-venezuelaI would add that citizens of all countries tend to be completely, 100% reactive to what is happening to them, as opposed to being proactive. They wait until things get really bad before outright defying their government and looking for other options. That is why right now Bitcoin is suddenly being seen as a more serious option to their native fiat in places like Venezuela, Greece, Italy, and Spain. In other countries, it's still being regarded as a strange novelty. (snip) I for one see where the puck is heading, which is why I chose to get involved with Bitcoin four years ago to protect my wealth, instead of waiting until it gets really bad in my country. Which could still be a decade or two away. Such a delightful future for all of us? |
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Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
(snip)
Thanks for recognizing the posts of torque and me... You know a decent proportion of our posts battle each other... hahahahaha..  If I wanted a one-sided slant of the world, I can just turn on the TV or look at Apple News or Google News. (snip)
Don't get me wrong, bitcoin is likely to play a large part in the evolution of these various systems in the direction that you suggest - but surely it is going to take a lot of time and perhaps a few battles that include lots of blood, tears and sweat... and surely no clear and/or direct path from point A to point B.
Yah just pointing out the immense inflationary pressures still existing that will propel Bitcoin higher until Bitcoin gets mainstream to incorporate such things. |
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Breakdown of performance for that period (in USD terms):
Bitcoin/USD: +80%
S&P 500 Stocks: +30%
Real Estate (REITs): +26%
Gold: +3%
Bonds: +1%
Everything above except bonds. Why? Bonds typically have a high risk/reward ratio almost equivalent to equities, yet the potential rewards are really low. In the event of a company going bankrupt, bondholders do indeed have higher priority than stockholders in getting something back, but this does not really matter if shit hits the fan and all the company's assets are wiped out. Further more, bonds and stocks have a really high correlation historically. That is a very interesting comment! Disregard the "safety" and diversifying correlation aspects of Bonds? I mean one could say bonds would still be crucial for efficient portfolio construction... Maybe something like: 14% allocated to Bitcoin 1% allocated to altcoin 38% allocated to Bonds (including ST Commercial Paper) 30% Stocks 10% Real Estate 7% Gold/Precious Metals |
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Hacks will surely destroy everything that is up and running online in the internet and bitcoin is not an exemption with this though but bitcoin is reaching its 1st decade anniversary and the recent years for it was tough but it survived so the next years will be more challenging and bitcoin will become more stronger more than ever to all its aspect.
naysayers will tell what they want to spread and they will do it again and again until they die because they are happy to do it but to those who really believe in what great will happen in the future of bitcoin will surely benefit.
Do you read what you write before you post? That's alot of confused unrelated things to pull in together. Bitcoin has been around for nearly 10 years and no one in that 10 years has ever been able to successfully hack the Bitcoin protocol and make any Bitcoins nor stop the system from working. Meanwhile you see everything else in the world seeming to be getting hacked. |
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in the meanwhile we still doing what we always have done 'flicking crypto switches'
Meaning? |
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Why is Bitcoin picked on by the media?
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Updated list;
(snip)
# Bitcointalk forum
1) Philippines 30
2) India 11
3) Indonesia 9
4) United States 5
5) Ukraine 2
6) East Timor 2
7) Canada 2
8 ) Montenegro 2
9) China 1
10) Bangladesh 1
11) United Kingdom 1
12) Ghana 1
13) Bulgaria 1
14) Poland 1
15) Greece 1
16) Netherlands 1
17) Belgium 1
18) Mozambique 1
19) Russia 1
Many trades are happening in most countries. How about yours? Where are you from?
It appears those from Philippines, India, and Indonesia make the majority of posters on this forum. |
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Love this (read it backwards or cheat and scroll-down) It's time to face reality in 2017 Bitcoin is not the currency of the future We need to stop listening to self-proclaimed experts and hack economists who say Bitcoin will change the world The Bitcoin experiment has finally been resolved. Everybody was wrong: Bitcoin is dead. Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought ‘Bitcoin is just an experiment.’ Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because It’s still early days. Something better will come along and replace it. People were wrong when they said Bitcoin will bring reliable self-banking to the unbanked in third world countries. Smart people understand that Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens. In order to fight terrorism, the government tracks everything you do online. Personally, I’m tired of living in a world where Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes. It’s actually just a myth that Bitcoin is good for the world. That’s dead wrong. You aren’t smart enough to use Bitcoin; it will never be adopted by the masses. Economists like Paul Krugman keep saying Bitcoin is evil. I don’t believe that Bitcoin can make the world a better place by empowering people. All you can do with Bitcoin is buy drugs. And maybe a hitman. It just isn’t true that Bitcoin can be used for good as well as bad. It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know Bitcoin was born in sin. Charlie Stross wants Bitcoin to die in a fire. He says Bitcoin is evil. I’m tired of hearing that Bitcoin is actually close to mass adoption. The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says The experiment is over – Bitcoin has failed. Only fools believe that But wait – isn’t this all backwards?! Read the article in reverse: [Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]
BACKWARDSBackwards:
But wait – isn’t this all backwards?! Read the article in reverse:
Only fools believe that
The experiment is over – Bitcoin has failed.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
Bitcoin is actually close to mass adoption.
I’m tired of hearing that
Bitcoin is evil.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin was born in sin.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin can be used for good as well as bad.
It just isn’t true that
All you can do with Bitcoin is buy drugs. And maybe a hitman.
Bitcoin can make the world a better place by empowering people.
I don’t believe that
Bitcoin is evil.
Economists like Paul Krugman keep saying
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
That’s dead wrong.
Bitcoin is good for the world.
It’s actually just a myth that
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
Personally, I’m tired of living in a world where
In order to fight terrorism, the government tracks everything you do online.
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
Smart people understand that
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
People were wrong when they said
It’s still early days. Something better will come along and replace it.
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
‘Bitcoin is just an experiment.’
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
Bitcoin is dead.
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin will change the world
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin is not the currency of the future
It's time to face reality in 2017
You're welcome.
one of my favorite posts of all time. Judging from the replies that came after, I think people are posting in this forum and not really reading at all. Is the above too tough to understand even after spelling out the BACKWARDS part? You guys read it the backwards way right? Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Just a reminder to newbies: Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes. Fiat around the world is heavily infested, broken and burdened by:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
Bitcoin, systemically, is free from these burdens.[/b] |
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Updated list;
# Localbitcoins Cash trades detail as of 09/24/2017
1) United States (Cash Trades 96945)
2) Spain (Cash Trades 35620)
3) United Kingdom (Cash Trades 22841)
4) Russian Federation (Cash Trades 19468)
5) India (Cash Trades 11003)
6) Venezuela (Cash Trades 9680)
7) Canada (Cash Trades 9623)
8 ) Australia (Cash Trades 7723)
9) France (Cash Trades 6894)
10) Nigeria (Cash Trades 6685)
11) China (Cash Trades 5967)
12) Netherlands (Cash Trades 4834)
13) Italy (Cash Trades 4656)
14) South Africa (Cash Trades 4120)
15) Brazil (Cash Trades 3978)
16) Germany (Cash Trades 3877)
17) Colombia (Cash Trades 3628)
18) Ukraine (Cash Trades 3040)
19) Sweden (Cash Trades 3028)
20) Argentina (Cash Trades 3012)
21) Pakistan (Cash Trades 2540)
22) Malaysia (Cash Trades 2475)
23) Mexico (Cash Trades 2239)
24) Thailand (Cash Trades 2156)
25) Switzerland (Cash Trades 1870)
26) Kenya (Cash Trades 1858)
27) Romania (Cash Trades 1832)
28) Poland (Cash Trades 1758)
29) United Arab Emirates (Cash Trades 1622)
30) New Zealand (Cash Trades 1537)
31) Austria (Cash Trades 1466)
32) Belgium (Cash Trades 1464)
33) Portugal (Cash Trades 1370)
34) Philippines (Cash Trades 1339)
35) Czechia (Cash Trades 1309)
36) Norway (Cash Trades 1293)
37) Hong Kong (Cash Trades 1255)
38) Turkey (Cash Trades 1176)
39) Panama (Cash Trades 1163)
40) Singapore (Cash Trades 1093)
41) Japan (Cash Trades 1073)
42) Chile (Cash Trades 1067)
43) Denmark (Cash Trades 1065)
44) Morocco (Cash Trades 1031)
45) Peru (Cash Trades 1020)
46) Greece (Cash Trades 968)
47) Ireland (Cash Trades 942)
48) Israel (Cash Trades 869)
49) Finland (Cash Trades 793)
50) Viet Nam (Cash Trades 768)
# Bitcointalk forum
1) Philippines 30
2) India 11
3) Indonesia 9
4) United States 5
5) Ukraine 2
6) East Timor 2
7) Canada 2
8 ) Montenegro 2
9) China 1
10) Bangladesh 1
11) United Kingdom 1
12) Ghana 1
13) Bulgaria 1
14) Poland 1
15) Greece 1
16) Netherlands 1
17) Belgium 1
18) Mozambique 1
19) Russia 1
Many trades are happening in most countries. How about yours? Where are you from?
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