There is no any monopoly over currency exchange. You can go in a bank and exchange your money by bank's prices or can go in a street exchanger and exchange there. The world is too far from the bank's monopoly, baddy  Street exchangers work for banks or are owned by banks. You don't exchange anything without banks being involved. Cashless society is a banker monopoly, and a bad idea.
You make a few false assumptions in your post
First, banks and large international corporations are essentially the same. Some corporations even set up their own banks (though the connection may be not open, of course), so they can't possibly steal their own money. Further, you erroneously assume that the wealth of both big and small corporations consists in money they keep in banks. This is obviously not so. Even the largest corporations may have a very small amount of money in their bank accounts, just enough for current operational expenses. And if these expenses are small it doesn't make sense to keep plenty of money in the bank account
Almost anyone living in a capitalist country can start a corporation. When it comes to banks, no one is allowed to start a bank. In many cases its illegal to start a bank, just like its illegal for someone to print their own currency. This idea you have that corporations set up their own banks has no basis that I have seen. Some corporations like facebook have their own digital currency that they allow people to use to exchange things. But they do not setup their own banking or financial entities. As undoubtedly many have said before, banks have the best financial network for exploiting tax loopholes. All of those offshore accounts corporations and evil dictators use to hide money are run by the banking institution. This is a part of how banks wield so much political influence over politicans and leaders of the world. |
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One key point with bots is over saturation.
The more people running the same type of bot(with presumably the same trading algorithm) the more saturated the exchange becomes, the less potential profits can be made.
Bot makers might turn bigger profits selling bots, than they would using bots to trade on their own.
Its similar to the ASIC argument where people questioned why someone would sell an ASIC when they could use it to mine.
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Big blocks are similar to the tendency americans have to throw random piles of money at problems and hope they go away.
Bitcoin Unlimited: "Let's make blocks bigger and hope all of bitcoin's problems disappear."
That's not a good policy. We can do better.
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This card crushed me.  I was wrong on almost every fight. Good night of fights. Some match ups were so close it was difficult to tell who won the fight and who lost. I don't remember if the cage was the smaller one. The UFC has a big cage and a small cage. It seemed like a small cage with how often Gabriel Benitez and JDS were stuck on the fence. I have to watch some of the fights again to see which it was. |
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Is bitcoin support part of a worldwide de-dollarization campaign due to world leaders fearing the united states dollar being $20 trillion in debt could soon devalue its way into hyperinflation hell?
What happened to the world of only a few years ago where the news media told me deficits didn't matter?
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Humblebundle.com offers different steam games every week at a big discount also.
A good percentage of proceeds go to charity. Check it out, its well worth it.
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I studied about that, yeah. At the moment, I am more interested in the so-mentioned "intelligent features" over creating a new HW. If Photoshop's intelligent fill was mentioned, do you know any similar technology in the financial technologies field?
AFAIK the finance sector focuses more on insider trading & news releases to control price/profit than developing AI solutions. AI can only make decisions based on compiled data. The biggest influences on market prices are often intangible things that can't be measured like news articles. Example, who could have predicted russia, japan and australia would accept bitcoin as a legitimate currency which would cause bitcoin's price to skyrocket? An AI couldn't predict those events in advance. That falls under news releases, insider trading, etc. That's the reason most in the finance sector tend to focus on those things rather than AI. The SEC declining the bitcoin ETF, bitcoin unlimiteds fork & similar news items which had an effect on bitcoin price could not have been predicted by an AI. The same precedent could apply to the stock/commodities market and trading in general. Its likely much better to have good inside sources of information, rather than an AI. And it could be fair to say, that's what most put their effort and money into. Some trading platforms could have some form of AI built into them. But for the most part, I think those are marketed towards the average trader who doesn't have access to HFT or darkpools, etc. Clueless as to whether those are successful or effective. Have no experience there. |
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0.1 BTC per week is worth almost 2x today what it was a month or two ago.
As time passes & the value of BTC gains value its becoming increasingly difficult to earn 0.1 BTC per day.
There definitely is a lot of potential with bitcoin and crypto. Everyone knows it, everyone can feel there are a lot of opportunities.
But when it comes to making those opportunities materialize, its not so easy.
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Everyone is good at something. The best way to earn a steady income is to do what you're good at. Play to your strengths. Do things you're better at than other people you know. Then find a way to be paid for doing it.
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A 22-year-old cybersecurity analyst accidentally shut down vast numbers of attacks by the devastating WannaCry ransomware by buying a domain name hidden in the program for about £8.29. The domain name is believed to have been written into the software by the hackers to act as a kill switch. Each time the program tried to infect a computer, it would try to contact the webpage. If it failed, WannaCry would carry on with the attack, but if it succeeded it would stop. The analyst, who tweets as MalwareTech and works for Kryptos Logic, a security firm, admitted he had not realised that buying the domain name, for just $10.69, would have this fortunate effect. http://www.independent.co.uk/life-style/gadgets-and-tech/news/nhs-cyber-attack-ransomware-wannacry-accidentally-discovers-kill-switch-domain-name-gwea-a7733866.htmlWith WannaCry being in the major news, what do people think of this? Was it too easy to shut down this malware? Should such a thing be suspicious? |
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I don't understand why GSP says he can't fight until november. Does anyone have info on that? Shevchenko is so awesome. Gotta <3 that girl. |
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It happens every time whenever there is a major war
Every nation had been doing essentially the same throughout history in such circumstances. During the American Civil war the Union had been printing the greenbacks just like their opponents, the Confederates, printed the graybacks like there was no tomorrow (and there really hadn't been tomorrow for the latter). In these cases hyperinflation is a postponed effect which may never come at all. If you lose a war your money is gone anyway, if you win you just plunder the other side, thus squashing inflation with the loot and boot. The "worst" case is when there is no winner as well as no loser, and then governments must squeeze the monetary base if they don't want runaway inflation to overrun them Banks or foreign countries finance many wars @ interest. Banks funded both sides of the american civil war. After World War I and II many countries financed loans from foreign powers. Nations normally don't print their way out of debt anymore than greece printed its way out of debt the last few times their deficit threatened the EU. Its much more common for greece and other countries in debt to be bailed out. German's needing a wheelbarrow full of currency to buy a single loaf of bread isn't a success, I don't think. |
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Found an article to confirm this. Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No TaxesBitcoin will be treated as money in Australia by July 1, 2017, and will be exempt from goods and services tax (GST). Bitcoin traders and investors will not be taxed for purchasing and selling Bitcoin through regulated exchanges and trading platforms. Over the past two years, the Australian Bitcoin exchange market significantly fell behind growing markets such as South Korea, Japan and South Korea, that control more than half of the global Bitcoin exchange market share. Two majors factors which drove startups, exchanges and businesses dealing with Bitcoin and other digital currencies in Australia away from the country where the termination of banking services by leading Australian banks due to their anti-competitive nature and the double taxation of Bitcoin trading by the Australian government. Starting July 1 however, double taxation and trading and goods and services taxation on Bitcoin will be exempted. In its 2017 to 2018 budget for “Backing innovation and FinTech,” the Australian government wrote: “The Government will make it easier for new innovative digital currency businesses to operate in Australia. From 1 July 2017, purchases of digital currency will no longer be subject to the GST, allowing digital currencies to be treated just like money for GST purposes. Currently, consumers who use digital currencies can effectively bear GST twice: once on the purchase of the digital currency and once again on its use in exchange for other goods and services subject to the GST.” The government will also protect Bitcoin businesses and exchanges More importantly, the Australian government’s new vision to spur the growth of fintech and the digital currency market would most likely prevent local banks and financial institutions for unfairly denying banking services to Bitcoin businesses and exchanges. If the above mentioned issues can be resolved by July 1, the Australian Bitcoin market could potentially experience a rapid growth in terms of user base and trading volumes. The document further read: “Innovation will drive productivity growth in Australia. That is why the Government’s $1.1 bln National Innovation and Science Agenda (NISA) is designed to enable Australia to take full advantage of new economic opportunities. The Government is committed to establishing Australia as a leading global financial technology (fintech) hub and is announcing a new package that aims to position our local fintech industry as a world leader.” At the Blockchain NZ conference held in Auckland, New Zealand earlier this week, Bitcoin and security expert Andreas Antonopoulos emphasized the Australian government’s uninvolvement in its local Bitcoin market and the impact of such actions on Bitcoin businesses and exchanges. More to that, Antonopoulos criticized the local government’s taxation policy on Bitcoin, which essentially drove away businesses and users from Australia to other countries. “Governments can choose to either do nothing – which is okay, make things worse for cryptocurrency trading – like what Australia did by imposing sales taxes on all cryptocurrency transactions, or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field,” Antonopoulos said. With Australia’s new policy, the Bitcoin ecosystem in the country could change drastically. Banks will start offering services to Bitcoin exchanges and traders will not be taxed with GST upon the purchase of Bitcoin. https://cointelegraph.com/news/australia-will-recognize-bitcoin-as-money-and-protect-bitcoin-businesses-no-taxes If this raises demand along with russia and japan recognizing btc as a legit currency, it could drive the base cost of btc even higher. Here's another more mainstream source: http://www.ibtimes.com/australia-japan-give-boost-bitcoin-price-which-surges-past-1800-2537349 |
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Now, I would love to get some more ideas on great slogans for the t-shirt. Its so hard to think up good slogans for things. Attempts: "The currency of the future, here now." "Decentralization paradigm shift from regulation." "Digital gold without the hassle." |
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I saw the Overeem vs Miocic fight again recently and he looked great, but Overeem was just too sloppy, and he still managed to catch him a couple of times.
If Dos Santos has a good night he has serious opportunities to defeat Stipe. I may not even bet on this fight because I can't decide on the outcome.
That's how I see it, too. I have JDS winning. Stipe is a tough guy and a good athlete. It could be a close fight. But right now JDS looks to have the advantage. Andrade vs Joanna, Alvarez vs Poirier and a lot of the fights on the card could be very close as well. Tough to pick a winner. |
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Actually, that's not true.
When a debt is issued, it is issued for that amount of money and it cannot really be modified, unless stated, aside from interest accumulating. As such, if you have the ability to print your own money and take out a loan, and you take out a $10 loan in "funnymoney" but you lose those $10, you can print $10 and pay it back, but there are $20 of "funnymoney" in circulation. They just lose a lot of their value. The debt can't change itself to match the exchange rate and you can print yourself out of debt, it just really damages your economy if you have to do that.
Would you go so far as to say the united states being $20 trillion in debt is irrelevent? "The american treasury can print a single $20 trillion dollar bill to take care of it?" The reason I say its impossible for a nation to print its way out of deficit and debt is: I can't remember a single instance of it happening throughout history. Its easy to create anecdotal examples of how a country might print its way out of debt. But in the real world, things never happen that way. This is not quite so
If this debt is denominated in the same currency that you happen to issue, you can easily "return" this debt by printing as much money as needed. In fact, outright printing money is one of the ways of deficit financing, though in normal (more or less) situations normal governments rarely stick to it (Zimbabwean dollar is a glaring example what such monetary policy is set to eventually end in). On the other hand, in extreme cases such as all-out wars, the policy of printing money for financing military as well as other expenses is universal across the world. From Roman Empire to Weimar Republic authorities had been doing that
How does a nation print debt away without incurring hyperinflation, and when has this happened in history?  |
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Bram Cohen, inventor of the world-disrupting Bittorrent peer-to-peer filesharing protocol, is now working on a new cryptocurrency. He discusses it on an episode of the podcast Steal This Show, and you can hear him talk about the future of Bitcoin, the status of cryptocurrencies in general, and his own plans, from 57:30 onward: https://stealthisshow.com/s02e14/The main concept Cohen appears to focus on is the notion of a "storage-based" currency validation model as opposed to a Proof-of-Work model like BitCoin's, which consumes a great deal of energy on the mining side in order to generate hashes and maintain the blockchain. This storage-based model could be called a "Proof-of-Capacity" model, which would both require less energy, and also reduce centralization (and hence potential 51% attacks on the network) in miners, since there would be a wider distribution of storage capacity than currently occurs with the specialized mining tools currently relied on for the BitCoin network. There is coverage of Cohen's ideas at CoinTelegraph: https://cointelegraph.com/news/altcoin-created-by-bittorrents-cohen-to-combat-bitcoin-flawsAnd at FossBytes: https://fossbytes.com/bittorrent-inventor-bram-cohen-bitcoin-alternative/Plus TorrentFreak: https://torrentfreak.com/bittorrent-inventor-bram-cohen-will-start-his-own-cryptocurrency-170424/What's more, Cohen's speech at Stanford's Blockchain Protocol Analysis and Security Engineering 2017 Conference is available at this page: https://cyber.stanford.edu/blockchainconfwhich contains both a link to a PDF of Cohen's talk ( https://cyber.stanford.edu/sites/default/files/bramcohen.pdf ) and a link to a YouTube video of Cohen's talk (video ID aYG0NxoG7yw) -- or watch it below, starting at 1:00 minute, when audio turns on: Those who start following Bram Cohen's progress now, and potentially hop onto the next big Cryptocurrency at its inception, could benefit greatly! https://steemit.com/cryptocurrency/@jekteir/bram-cohen-bittorrent-creator-plans-a-new-cryptocurrencyAs the article states in the first line, this alt coin is being developed by Bram Cohen the creator of bittorrent and relies upon a proof of storage, rather than proof of work model in an effort to promote greater decentralization. I'm not certain if this will result in those who own banks of harddrive software centralizing, rather than those who own banks of asic miners uniting to centralize the coin paradigm. Feel like it is an innovative and unique approach that could be interesting to keep track of. |
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Most btc and crypto supporters seem to be interested in science, technology, computers, science, academic pursuits, etc.
Items appealing to those demographics could be the way to go for anything sold for btc/crypto.
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I think I saw a news article posted years ago that said btc gambling sites make more than $800,000 in 6 months which could be about $1,600,000 per year.
Their profits could be more or less now, I'm not certain.
Somehow I doubt dating sites make anywhere near that amount.
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Do you think the average user cares about centralization ? Centralization is the reason drug companies in the united states can get away with marking up drug prices 1,000% and people have to pay it due to the market being centralized and alternatives not being available. Centralization is the root cause of many major issues plaguing society which reduce living standards, educational standards, health standards and are the main cause of corruption and misery in the civilized world. If people "don't care" about centralization maybe they should start caring so we can fix things and improve circumstances for the better? |
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