No fkn way that guy (CSW) was involved in anything remotely related to developing Bitcoin. He can't even prove that he knows shit about programming, much less anything else.

He is a straight up con artist. In fact he fits the very definition.

Now that Bitcoin has become a multi-billion dollar industry, does it really surprise anyone that con men would come out of the woodwork to try and get a piece of the action?

It doesn't to me. A successful industry like Bitcoin based on belief, principles, and emotion will attract con men like flies to honey. Con men like CSW, Ver, Wu, McAfee... those Neo&Bee guys... that PayCoin idiot... countless others. The OneCoin swindlers. Now these ICO company con men. The list goes on and on.

But the fact that they believe that they can con and swindle the economic majority is just appalling and condescending. Core Bitcoin supporters are not stupid. Far from it.

Of course, I believe some of these idiots are secretly being paid to try and derail Bitcoin and subvert the economic majority. There's just no way that someone like Ver or Wu could believe that what they are constantly doing with all the forks is going to 'unite' anyone. Instead of uniting behind one Bitcoin effort, they spend every waking moment determined to bring it down or subdivide it.

For all we know, most of those coins could be going directly from miners to OTC investors.

Or just being held by miners.

Or being bought and held by exchange owners because they are running fractional reserves and need to shore up with their customers before they shut down.

Who knows? 

A study from the Kellogg School? Heh, they could be just a little biased  

"Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. In addition to the Kellogg School campuses in Evanston, Chicago, and Miami, the Kellogg School partners with institutions in Asia, Europe, South America, Australia, the Middle East and Canada.

Kellogg students have the opportunity to study abroad in fall or winter of their second year on six continents. The exchange partner schools offer the opportunity to learn about business from a different perspective, experience another culture, and network with students, faculty, and professionals from around the world. The International Exchange Program at the Kellogg School was started in 1980 with a vision to promote a cultural interchange of ideas and provide a greater understanding of cross-cultural trade and business practices. Since that time, more than 1,000 Kellogg School students have participated in the Exchange Program with schools from over 20 countries, including Argentina, Australia, Brazil, Chile, China, Costa Rica, Denmark, France, Germany, Japan, Hong Kong, India, Israel, Italy, Mexico, Scotland, Singapore, South Africa, South Korea, Spain, Switzerland, The Netherlands, Thailand, and U.K."

also

1. At least the top 1% holders were brave early adopters that took great risk and therefore should be rewarded

2. At least the top 1% holders can't just whip up more btc like the Fed and indirectly hand it to themselves

3. The masses will always find themselves at the bottom of wealth distribution because they can't invest and hodl (long term vision vs. short term). The masses are focused on borrow and spend mentality.

4. Bitcoin shares and distributes the wealth WAAAAYYY more than something like a company IPO

Yeah, I'm smelling a pretty weak attempt at a dump so far. I guess we'll see.

Incidentally The Club did their usual drive by on Gold and Silver today. Managed to get Gold sub 1300, but by the looks of it I don't think it will last long.

There seems to be a longer game at play here. Somethings brewing within the next 6-10 months.

Someone really wants down.

Also, pure comedy gold.

http://www.zerohedge.com/news/2017-09-20/yellen-admits-fed-dependent-stocks-price-levels-when-determining-rate-hikes-inflatio

So looks like we have a triangle closing in on 3950 within 24 - 48 hrs.

Break up or down?

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

I would agree that higher IQ == greater potential for success. That's a pretty obvious conclusion.

However, every millionaire boss that I've had in my life was cognitively dumber than a box of rocks. And pretty ignorant of worldly things. But they were narcissistic snobs and somewhat evil. So there's that.  

I'm not sure I understand the fallacy of high IQ == successful

I bet if you did a survey test of the top 1% or even 0.1% of earners in the world, you'd find that the average IQ was at or below 100. Or maybe 110 tops.

If anything, evil elite narcissist == successful

This is what I meant with my comment. What good are borders when their govts collude, their companies, banks and the central banksters collude, one centrally controlled monetary system and currency, everything is unified, centrally planned and controlled under one order? Countries lose their identity and meaning, and their citizens have no way to protect/defend themselves culturally, financially or militarily. Everyone and everything is homogenized. Who then gives a shite over which border you decide to "live"? It's one unified cage you get to live in.

New World Order.

Maybe some are ok with that type of Orwellian society. I'm not.

Eh... who am I kidding though. It's not like the U.S. isn't centrally planned and controlled too. The citizens just don't know it yet, and remain living in complete denial. Many here believe we still have a "Democracy". Sigh..

Yeah. But I don't consider the European Union a "country". I consider it a failed experiment in socialism that sounded good on paper.

Not trying to offend, just my honest opinion.

Yes of course, but that is not the issue.

The issue is that the last time I checked, there is not a country in the world that you can go to, just cross the border, and say "I'm going to live here permanently now." It doesn't, and shouldn't ever work like that.

It has nothing to do with discrimination. But that is what the MSM wants you to believe it is about. And the brainwashed masses eat it up like candy.

Instead of racism and name calling, let's talk about bigger world issues.

Like how the next big technological push seems to be AI and robots.

Earth to Google, IBM, Facebook ,and the world govts:

Hello, AI and robots won't be getting paid. Therefore they don't buy goods/services and won't be contributing to the velocity of money. They won't have student loan or credit card debt, nor will they buy homes and cars. And also they won't be paying taxes.

Seem like a good long term strategy to keep the welfare state going? Uh...

Any major Chinese bitcoin mining operation that *hasn't* planned for redundant or backup systems elsewhere outside of the mainland deserves what they get, IMO.

It's a no-brainer if they want to stay in business long term.

The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

With that statement he's either completely ignorant, or flat out lying to the public. The "gold brick" 's exchange rate is being manipulated and held down with unlimited naked short contracts, the likes of which the history of the financial world has never seen. The Gold price is 100% centrally planned and controlled. There is no free market price discovery.

WRT Bitcoin, this is "why we need it", Bill.

Another good reason why Average Joe should never listen to any of these uninformed fools. Because they can't be bothered to do the research.

Oh nos dude, that's going down so hard! Will Bitcoin ever recover?