This whole meeting still seems like a power play on the CFR's part.

Did they offer to meet you on neutral turf?  It wouldn't hurt those cottage cheese smugglers to get off their loathsome spotty behinds to meet you at some conference hall that isn't part of their power base.

Just remember, if they start calling you Neo and insist on talking about red pills and blue pills, just get the hell out of there, as fast as humanly possible.

Hey, that's a good saying.

Oh yeah, it's a major deal, because the US' ridonculous money printing right now (85 billion a month), combined with it's declining status as the world's reserve currency (Jim Rickard's 'Currency Wars' is a great read for this) will make for the perfect $US hyperinflation storm here shortly.  

The BRIC nations (Brazil, Russia, India, China), along with other nations, more and more no longer trust/want the US dollar (see page 165 of that book for a list of 14 non-trivial developments in this regard).  The tipping point comes when the US defaults on its debts and absolutely noone wants US dollars. Given US debt/money printing, this collapse is inevitable at this point.  When the US defaults, world fiat money will be thrust into chaos, at least for a little while.  This is when the value of other stores of wealth such as precious metals, land,...and of course bitcoin, could go through the roof.

Some might label this as 'conspiracy theorizing' but you can't just sweep US debt / money printing under the carpet.  If the money was going to the average Joe, it would be one thing, but it's going to the insolvent banks and their buddies.

This flight from fiat is accelerating, and the fact that a decentralized currency invention such as Bitcoin is emerging at exactly this time is MAJOR!

Organisations that are rooting for the US dollar and not for Bitcoin include the CFR!

When talking about these guys, one word is all you need to check into:

'Ponerology'

Also, make sure that you are on your toes!

These types of meetings are meant for one thing only...to evaluate you / to size you up, so that they can figure out how to manipulate the situation in their favor.

Remember...Bitcoin doesn't need to ask for permission.  It doesn't need to cozy up to the enemy.  And, make no mistake, these guys are the enemy...of the masses...of the planet.

The more I think about it, this meeting is a real $*&t deal!

These guys are NOT to be trusted!  They're near the top of the $*&tlist!

Ok, thanks.  That's pretty interesting.

Our current financial system seems analogous to a ball that is rolling away from the top of a peak.  The peak representing balance in wealth across society and the slope / gravity representing the pull of our parasitic money/financial system in form of excessive interest / usury / money printing.   The distance from the peak is increasing wealth inequality.  

I believe most people are good people but we are forced to function within this system through no choice of our own.  We the masses need to figure out a way to protect ourselves from those who have orchestrated this 'ball-on-the-peak' system.  We need to create a 'ball-in-the-valley' system which inherently tends toward equality / equity, whereby the rich don't get boundlessly richer and the poor aren't pushed further into futility.  

I'm not talking really a welfare state, just a much more balanced one that helps the desperate up and holds the power abusers back.  Still an incentives-based system, just not an immoral one, because an immoral system is what we have now. 2.5 billion people in the world earning $1.25 / day and living in futile struggle while others get hundreds of millions in annual bonuses.  Gerald Celente talks about 'off with their heads 2.0.'

I am thinking Cryptos hold a lot of promise for achieving this type of balanced financial system, I'm just not sure how yet.

Eventually we (humanity / the masses) need to move from a world that tends toward increasing financial inequity / imbalance (i.e., rich get richer and poor are held in futile struggle); to a self-balancing one (i.e., masses protect themselves from the money mongers and achieve a broad middle class where the poor are lifted up, not stepped on).

The decentralized/consensus-driven ledger invention underlying BTC, etc. is a great basis for this, but how can a 'proof-of-need' be achieved, so that the distribution of coin to the already rich is discouraged and new coin flows disproportionately toward the have-nots.

Anybody have any ideas on how something like this could be achieved? 

Or do we just have to accept that some will always have most of the crypto and hope that those are more ethical than those currently controlling our abusive debt / fiat system.

This is a key issue.  Mines amounting to >>51% could be sold, without public knowledge, to the same anti-bitcoin entity with deep pockets and that's it 60, 70 +? %.

This problem has now surfaced for real and will continue to be a drag on upward Bitcoin prices unless something more substantive than an untrustworthy mega pool making an announcement saying that we should trust them is made.
or
The whole point of Bitcoin/Cryptos is that trust is enforced by the protocol/network/system...this is currently not the case.  This problem needs to be solved in some way at the protocol level or upward price movement will falter as people lose trust / get nervous.

Just curious what you would rank as the top few to get into as a hedge.

Have to disagree.  50 million is absolute peanuts to these guys.  They dish this out in bonuses each year.  Fed is printing 84 Billion each month and according the Max Keiser, this is expected to go to over 300 Billion with the Bernanke's successor coming on board...Janet Yellen.  

Also, it's anything but a waste if it wipes out something that threatens their business(es), which are worth much more than that.

Question is, since cryptos are certainly here to stay, what's the next biggest coin that solves this?  Peercoin?

It's like "In USA, you find party"  "In Russia party always find you"

With a nasty twist.

Just great!  Could listen to this evisceration of the parasitic power mongers' debt-based fiat currency system all day.

Because, listing Ripple, a centrally controlled 'coin', together with genuine cryptocurrencies, which are actually decentralized, is an intentional deception to get us to believe that Ripple is decentralized.

www.RippleScam.org

We are dealing with a crisis of trust, a crisis that corporations are a key part of.

Ripple issuance is controlled by a company.

Ripple is not a cryptocurrency.

It is not mined, it is not decentralized, it is issued by a company.  It totally undermines these key cryptocurrency benefits.

Yes, that makes sense that if a flaw in Bitcoin is found that it doesn't necessarily mean the end.  Things could be tweaked and fixed.  Even a bit of down time wouldn't be the end of the world.  That's actually encouraging.  I was in kind of in all or none thinking, that if a flaw was found that the whole thing would fall apart but not necessarily so it sounds like.  Nice.

Greetings, like many others here, I have some Bitcoins but want to hedge against a potential collapse in 2014 (or beyond) by buying a few key Altcoins while they are still cheap.

Here are a couple of ideas for the most likely Altcoins to be adopted in response to various BTC collapse scenarios.  Feel free to add to the list or correct or whatever.

1) Sha 256 cracked somehow:  People switch to the top Scrypt coin = Litecoin.   

2) A 51% Attack is successful on Bitcoin:  People adopt the top Alt that is 51% resistant = Peercoin?

3) Mining Begins to Consume too Much Energy:  People switch to the top energy efficient Alt = Peercoin?

4) Sha and Scrypt are both cracked:  People switch to the top CPU-mined Alt = Primecoin?

5) Governments/Central Banks aggressively ban all aspects of Bitcoin in most countries:  People switch to the best Anonymous Alt = Anonymous Coin or Zerocoin for Bitcoin?

6) Governments/Central Banks crack down on exchanges:  People stay with Bitcoin but trade through local exchanges or emerging distributed exchanges (emunie?).

7) Governments/Central Banks crack down on Bitcoin as currency but not as store of value:  People stay with Bitcoin and possibly adopt coins designed to be scarce, such as Cryptogenic Bullion (limit of 1,000,000 coins).

Transaction confirmations begin to take too long: People adopt the next fastest coin:  Litecoin is next in line?

9) Scrypt is cracked:  People stay with Bitcoins

10)  Regional Alts begin to emerge for economic powerhouses:  People switch to Alts like:  Deutshe EMark for Germany, Chinacoin for China...etc?

11)  Extreme fluctuations (for whatever reason) cause demand for a coin with stable prices:  People switch to top non-fluctuating coin =  Stablecoin??? or is there even an Alt that is designed to be stable?


etc...

Fiat is NOT working for us. 

Our savings (i.e. buying power) are being stolen by the greasy corporatocracy through excessive money printing and ponzi betting in the form of derivatives which is estimated to be over 1 QUADRILION.  Global GDP is roughly 70 trillion.

There is a crisis of trust and people want out of fiat.  At least from US funny money.

We are expected to act honestly within a system that is stealing from us and parasitising us.  We have to figure out a way to protect ourselves from those who wield power over us.  One way is fair money.

There is currently a great window for Bitcoin until:

1) China or the BRICS nations, who are all buying gold like crazy, release a gold-backed currency that is again a stable store of wealth.  The masses I believe would rush to adopt that and fiats of endebted nations would collapse.  People might in that case also move somewhat away from Bitcoin.

and/or

2) Gold / Silver prices start rising again and some people move back from Bitcoin / cryptos.

Until then I think Bitcoin or maybe some other crypto have an awesome window of opportunity as people are looking for a store of value that isn't stealing from them.