.coin would be best IMO
That could be misleading, and non related to bitcoin. It could be .crypto, but that is also vague. .BTC is the best And then we can know how many bitcoin related sites are there. |
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If you encrypt your wallet with a strong enough password, you can be pretty damn sure your money won't be stolen. This is obviously not the case with the gold that you have buried in the backyard of your home...
My friend had $5,000 worth of Bitcoins in a Blockchain.info online wallet, which was backed up by two very strong passwords (One for login, and the other for transaction). Email confirmation was also enabled. But somehow, the thieves managed to steal all the coins two months ago. Till now, we don't know how the passwords were cracked, but incidents such as this one scares a lot of potential Bitcoin users. Probably he had a keylogger on his PC that logged the private key when he signed his PC. Its not enough to have many security features if your PC is full of virus. 1 virus can easily log the RAM and when you sign a transaction and send online it can reveal the private key. Yeah this seems to be the most likely explanation, it's good practice to run all downloaded apps in a sandbox first to avoid this. Yea but the OS cant be trusted too, because it downloads updates frequently (even if update is disabled), and its enough for 1 hacker to hijack that download channel and send some malware in a targeted PC. Probably better if he uses linux next time. |
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The problem is usury. "The Usury Problem Remains""Several Hundred Years Later Aristotle (384-322 Bc) Formulated The Classical View Against Usury. Aristotle understood that money is sterile; it doesn’t beget more money the way cows beget more cows. He knew that “Money exists not by nature but by law”:“The most hated sort (of wealth getting) and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural object of it. For money was intended to be used in exchange but not to increase at interest. And this term interest (tokos), which means the birth of money from money is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth, this is the most unnatural.” (1258b, POLITICS)"http://www.monetary.org/the-usury-problem-remains/2010/12So why would anybody lend you any money if they dont get interest on it? Or you are implying that the capital raising should only be done by stock markets and crowdfunding? |
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2) Bitcoin is waaaay more scarce than Gold, there fore is hundreds of times more valuable than it (considering it's better money in every single aspect to boot).
Not a very intelligent argument. Rhodium is the rarest metal on earth. The amount of Rhodium, which is present on the earth's surface is just 1/100th of that of gold. But that doesn't make Rhodium more expensive than gold. The price of Rhodium is even lower than that of gold. Scarcity doesn't count, as long as the demand is not there. Rhodium is near the price of gold, but it looks like silver from the outside, yet the price of silver is way more cheaper than rhodium: RHODIUM: 750$ / ounce  SILVER: 15$/ ounce  The valuation is totally subjective, as even they are similar outlook, the price differs 50x (even though silver is shinyer yet still cheaper) |
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Bank of England? Last time I checked Great Britain was not part of the Euro zone (and they were going to leave the EU at that), nor was it one of the cantons... What did I miss?
Shouldn't they better ban the British pound first (some part of)?
Bank of England is a shareholder of the ECB and has 13.6743% share of the ECB https://en.wikipedia.org/wiki/European_Central_Bank#ShareholdersWhat about Swiss frank? Do they have a hand in it too? Quoting from wikipedia: https://en.wikipedia.org/wiki/Swiss_National_BankAs of 2015 the Nationalbank was privately owned,[8] with the majority of shares belonging to cantons and banks of cantons, and the smaller remainder in the possession of private individuals.[9][10] Shares of the SNB existed within SIX Swiss Exchange from 1907 onward So probably all central banks have a share in eachother. They are all private. |
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lol. No. Is he retarded? Not even China's Yuan will replace the USD. The US Military will blow everybody up before it can happen. They got the best military in the world. The US is even giving everyone the finger right now and laughing. Sorry but getting a blow job from a nun has a better chance of happenning than BTC replacing the USD. I knew a slutty nun once, she has been kicked out since  But seriously, even the Roman Empire has collapsed, and they had the best military back then. Every economy based on fiat money will collapse eventually. |
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OK let me clarify.
Our financial problems are derived from the existance of printed fiat currency, and not money.
MONEY =/= PRINTED FIAT CURRENCY!
If this is an answer for my post I don't understand what do you mean and at what you are referring. In my explanations is spoken about positive balance in the banks and about the debt. There are not in those explanations about financial problems. Sorry if your post have nothing to do with my post. And since are here can you explain better what is the difference between money and printed fiat currency and why our financial problems are derived from the existence of printed fiat currency and not money. Seems an interesting topic and I'm curious to learn more. Because I wasnt replying to you there, i was just posting along the thread. Well, the same way as your roll of toilet paper is not money, there isnt much difference between that and what you got in your wallet. Printed currency is not money because it doesn't fulfill the requirements of money:  Money and debt are 2 different things. There are monetary systems, (in the academic books), without debt.
In the current system, they are the same. When you have money, you are indebted towards the creators of it, the central banks. Because you dont own that money, you just borrowed it. It is not true. If I have money earned with my work that money are mine. Are not borrowed by no one (nor from the Central Bank, nor from my employer, nor by no one other) but my property. Fact is that that money can be spent in the way I do and I spend those in the way I do. I do this thing with my money and never no one have come to me to take those or to ask those. I have spent thousand and thousand of money since I had the first one and no one have told me why you have made this or give me that money. And never will come to ask for take those. Even if will come I will call the police and that man will go in jail. Hahaha the brainwashing works. You don't earn money when you go to work, you are given a scam paper certificate. The same way you are scammed to work for a paper crap, the same way the vendors, consumers, producers, investors are also fooled by that. That currency comes into existence by being borrowed from the CB, and it's passed along the economy. You are also paying interest on it in forms of taxes, which are going directly in the pockets of the CB to pay the interest on this ponzi loan. |
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if it does, then I will most likely buy more up to about 100 BTC. lowering my average
I would buy all the Bitcoins I can afford
Too much optimism, I'd say. What if the scenario below happened? Say most of the major investors and people sold out their coins, and there's no one left but a few couple hundred people who holds btc thinking that somehow it will go up again, Would you be glad and proud that you belong to the thriving and the remaining people of the community of bitcoin or will you have big regrets in the end? Just wondering. no regrets, and I see Bitcoin as an investment. If it fails, then it fails, just like other stocks that I invest in. Its more than that, bitcoin is not just an investment, its the only hope that humanity has to escape from the burdens of economic totalitarianism. If bitcoin fails, then humanity will fail. And we will be robbed from all our wealth. So the existance of bitcoin is very important. Fatal words. I see that you are a big bitcoiner but a resident in one other world. Because for sure our world will not finish if bitcoin will fails. Bitcoin is only one currency (yet not accepted or ignored from the most of world after 6 years of life that is to much if this invention it would be so important) which is created by one disruptive technology (which is so revolutionary that can change to many others currently in use). This technology has produced other hundred coins like bitcoin and maybe will create the double of those in the years to come. This technology will be followed by another (maybe after 100 years) much better than that and which will have the same role like this about which we are talking. Only that. The life and the humanity are totally another thing. I could say you are right, if circumstances were different. However we dont have enough time to try another crypto. The global economic meltdown is around the corner, and we wont have another 7 years to jump on another bandwagon of crypto. If bitcoin fails, we will probably lose 100 years of economic development. |
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@RealBitcoin I'm pretty sure I understand what you are getting at and I'll just say there are different perspectives on how an economy works. I happen to think that the defaults would be worse without easy money, but I'd also acknowledge that they probably would have happened a long time ago and the problem would be far smaller now. Then again counterfactuals are impossible to validate. Anyway, I don't think it is worthwhile to go back and forth on it, as we both certainly agree that the current situation is a mess.
Once you get on the printing money bandwagon you cannot stop it. It's a ponzi scheme and it either ends in total default or hyperinflation. |
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Bank of England? Last time I checked Great Britain was not part of the Euro zone (and they were going to leave the EU at that), nor was it one of the cantons... What did I miss?
Shouldn't they better ban the British pound first (some part of)?
Bank of England is a shareholder of the ECB and has 13.6743% share of the ECB https://en.wikipedia.org/wiki/European_Central_Bank#Shareholders |
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Don't forget the Galactic Milieu, which is still heading toward using Open Transactions to enable players running civilisations to make the markets, banks and stock exchanges in the cities they build into actual functioning markets, banks and stock exchanges. I would definitely test out such a game, i always wanted a game like that since I was a kid, so i`ll become a nerd if that comes out. It is really time to do such games, i dont like Second Life, it is too dull, but a game based on cryptocurrencies, could change the whole humanity. Imagine playing the game and working inside the game, and then with the money you earn you would live your real life, it would be amazing |
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If anybody knows any new bitcoin earnin site, please tell me and i`ll add it to the site |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Nope, you guys fail to realize that all paper money will have the same fate: THIS  Simply because its easy to counterfeit, thus its prone to corruption, and this is inevitable. |
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Interesting take. If interest rates go below 0 and into NEGATIVE territory then that implies that if you put any cash into a bank account, over time they will eat away a portion of your deposit as a fee for holding your money. LOL omg the fucked up world we live in. BITCOIN throughout the article link above, also mentioned in the article at the bottom: It actually means that the banks would pay you to borrow money - they wouldn't actually take a fee for your savings. If they did they'd have no money to lend and then have no hope of producing an income on their business of being a bank. i am pretty sure a bank would rather garnish people's savings than loan out cash and pay you to borrow it. Nah, they would first rob your bank account, then loan out the robbed money to you. That is a classical tactic used for hundreds of years. |
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It could but it looks like the greek people are too dumb to use it.
Most guys there dont even use the internet, I saw about 40% of them dont. No offence but this is the truth guys.
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Let us say that the Nazi train in Poland is real, and it contains 300 tons of gold, and it is dumped. How much would this effect the price of gold?
It would turn gold into a fiat currency  I would be more worried if the big banks and the IMF starts to unload its gold reserves, that would be the real shock. |
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It's both.
You can say the fiat currency is a technology. Paper is a 5000 year old technology. However fiat currency is not really money if you think about it.
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Money and debt are 2 different things. There are monetary systems, (in the academic books), without debt.
In the current system, they are the same. When you have money, you are indebted towards the creators of it, the central banks. Because you dont own that money, you just borrowed it. |
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They are already enacting laws to ban purchases with sums larger than 5000€ in cash.
This is not so that they can track mobsters, this is capital control and banker takeover.
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