Nope...not even close....Mayweather is going to destroy McGregor in the boxing ring....McGregor might have a chance in the cage, but I think Mayweather could take him there too if he trained for it....McGregor and Mayweather are in different leagues when it comes to boxing....Mayweather, easy call. 

I'm not that enthused with the boxing match, but I would love to see them in the octagon!

For all those hardcore ethereum bugs who got stopped out at $13 during last week's 96% flash crash (and in some cases as low as $0.10) we have some good news: Visa wants to hire a BlockChain engineer who is "experienced with Ethereum and blockchain architecture to be a part of team tasked with building distributed application."

There is just one problem: while we are confident compensation will be generous, according to the qualification requirements, "total Industry experience must be 8+ years" which is about twice as long as Ethereum has been in existence, and roughly as long as the very concept of blockchain has existed: perhaps Visa is only seeking to hire Satoshi?



By they way, did we mention that Visa is now working on Blockchain technology, is building a "distributed application" and the successful candidate "will be working in VISA Global Commercial Payments area, team will be building a new payment rail leveraging Blockchain technology and distributed ledger."

If Visa is indeed contemplating shifting to blockchain, the recent gains in ETH - if only as the rest of the world rushes in over all the "blockchain" buzz-  which has resulted in a 40x return YTD, blowing away every single other asset class, will pale in comparison to what may be coming. Which reminds us of our February post "Ethereum To Soar After JPMorgan, Intel, Microsoft And Others Form Blockchain Alliance." It did: back then Ethereum was $13.

http://www.zerohedge.com/news/2017-06-24/visa-hiring-ethereum-blockchain-engineer

This is certainly true in respect to CPU chips

But how well does it translate to currencies? The first thing which comes to mind is that while fiat currencies are certainly centralized, they are no more centralized than the chip makers themselves as economic entities (or any other manufacturer out there). Indeed, if it were only Intel, or IMB in pre-PC era, we would likely not have a personal computer in every home. But is this really different with currencies? After all, there are over 100 fiat currency "producers" out there (but only half a dozen chip manufacturers), so you can't possibly say that there is no competition between currencies (if that was your point)

- Azamat Murzakanov was expected to face Joachim Christensen at the event. However, Murzakanov was removed from the card on June 8 for undisclosed reasons and was replaced by fellow newcomer Dominick Reyes on June 9.

A new world monetary system is being set up right now which will completely kill the US dollar, which is the world’s reserve currency.

23 countries (60% of the world’s GDP) are setting up swap lines which bypass the dollar and SWIFT, which is the dollar-based worldwide financial transaction system.

These countries include Russia, China, India, and even Germany, France, and the United Kingdom.

Once the new system is in place, our dollar won’t be needed in these countries and a new reserve currency will come into being. All those dollars in foreign accounts will come home, which will annihilate our monetary system.

Also, China just announced that it will stop purchasing our debt (holding dollars in reserve). This will force The Federal Reserve to print even more dollars than the $85 billion it’s currently printing.

World reserve currencies have always had a limited life span and ours is up.



Historically, new world reserve currencies are backed by gold.

Prices just dropped on gold and silver. NOW it the time to buy! Protect your wealth my friends.

For several years, financial analysts, primarily those outside the mainstream of academia, have been warning that any day could be the black swan event that collapses the dollar, and ends U.S. hegemony as caretaker of the world’s reserve currency. That day has finally arrived as on Nov. 18, a former head trader for a major financial institution issued a harbinger and stated that 23 countries, and 60% of the world’s GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.

The thoughts that are put into the minds of men that are aware of what is occurring on trading floors all over the world is when? When is also the question that I get asked about quite often by thousands of people. So what is the “when”? The “when” is what is the sure sign that this fraudulent sham that we call an economy is over? Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US “bully” policies or they have totally lost faith in the US as a responsible steward of it’s currency and economy. That day has arrived.

All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. – Rogue Money via Steve Quayle Q Alerts

The list of the 23 countries which are creating new swap lines outside of the dollar include China, Russia, India, and surprisingly, Germany, France, and the United Kingdom. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system.

To facilitate the transfer of currencies and swap lines, there needs to be a bank of sufficient size and stature to aid in handling of this monumental task. One year ago, China, along with the BRICs nations of Brazil, Russia, India and South Africa, loaned money to a new financial institution they established and labeled the BRICs bank. This bank was created with the intention of bypassing the dollar, and allowing free trade to occur between nations without the need to trade for dollars first, as is currently the format under the petrodollar system. In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion.

The only thing that stands in the way of the world’s final rejection of the dollar is the wavering trust that Saudi Arabia and OPEC have with the U.S. in assuring oil transactions remain denominated in dollars under the 1970’s Petrodollar agreement. But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation.

What started in September of last year, when an agreement between China and Russia ended the dollar’s stranglehold over oil and how it was purchased, the past 14 months have seen a momentous rush towards setting up the infrastructure to replace the dollar completely in global transactions. And with 23 countries, including those from the BRICs nations and the Eurozone, preparing for new swap lines outside of dollar hegemony, the fuse has been lit on the dollar’s death rattle, and the when has changed into the now.

http://www.truthandaction.org/23-countries-now-abandoning-us-dollar-2/

Regarding Bitcoin performance against inflation, this is nowhere near being "another example" in respect to Bitcoin improving the economy of a country (as per thread title). If it were so, the myriad of penny stocks jumping like wild should have already boosted the economy to incredible heights. Somehow we don't see that happen

You wouldn't be able to use Bitcoin as a remittance vehicle in reality (if that was your point)

Since you would have to add insane premiums to avoid being caught by volatility. You could theoretically hedge your risks, but it would require you to freeze plenty of money, which would instantly render the whole idea meaningless and futile.