Govnt's need central banks that's what gives them authority.
America did fine without a central bank before 1913. It wasn't a superpower by then. It was the land of freedom and opportunity back then. |
|
|
|
Govnt's need central banks that's what gives them authority.
America did fine without a central bank before 1913. |
|
|
|
Why would you need to do anything? You are not an employee when you own stock. They do not compensate you for your time to respond to letters. Stock certificates are made to store in a portfolio in a safe. Businesses may choose to invite participation, but most people do not even look at their stock certificates until they need liquidity. In this case the process of "encheating" stock certificates allows a court to relieve you of your property for an arbitrary remunerance, which in this case was less than the original purchase price in equivalent dollars at the time. The company did not file bankruptcy, they just wanted to go back to private ownership and not share in the profits of their success with the people that invested in them.
So the company does something which is legal for them to do, and you blame the company? I plead ignorance of the law. I will not myself make the mistake in any business knowing full well that they have no legal obligation to honor their debt. Pirateat40 and scammers everywhere, I salute you for duping people that believe that giving money in exchange for promised prosperity is in any way legally binding. I fully expect a major bitcoin exchange to simply abscond with all funds at some point and have a lawyer find some loophole to allow this with no repercussions. I expect that Bitcoinica and Pirateat40 are also completely unaccountable. I guess I would prefer going back to the day when a man's word and handshake meant something, and that gentlemen resolved their disputes with pistols. |
|
|
|
well i don;t know what it was like back then i'd pretty much prefer an america of 50 years ago then to day. As most people would as the whole fuk n world would. But i don't understand if you have stocks and it is forgotten about and in that whole time there is no sign of life. .  . Maybe in the mean time they had to be renewed. . i mean if i buy stocks and do nothing with them for 20 years or thirty years. I give no sign or response, i don't know wouldn't that be a little weird.. I don't know if they ever send letters on anything to do with these bonds.. But i can think with an idea that these bonds are somehow time related. Not? Why would you need to do anything? You are not an employee when you own stock. They do not compensate you for your time to respond to letters. Stock certificates are made to store in a portfolio in a safe. Businesses may choose to invite participation, but most people do not even look at their stock certificates until they need liquidity. In this case the process of "encheating" stock certificates allows a court to relieve you of your property for an arbitrary remunerance, which in this case was less than the original purchase price in equivalent dollars at the time. The company did not file bankruptcy, they just wanted to go back to private ownership and not share in the profits of their success with the people that invested in them. |
|
|
|
I have 2 pairs of asic's here that im selling, cash only, no pics, and no returns, wanna buy?
Nobody wants your old sweaty sneakers. |
|
|
|
He spend a small fortune on them because he believed in them and then forgot about them.  Conclusion Don't invest in american businesses. Yep. What I meant was that buying stocks is just gambling and just as shady as a casino. He invested in his own business and did pretty well without selling public stocks. |
|
|
|
|
Trezor is more than just a bitcoin device. Isn't it really the first stand alone secure digital encryption signature device? It is a prototype of what will one day be a common appliance.
|
|
|
|
"A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government." George Washington
I think we should listen to the words of the Founding Father not only according to arms but to the currency, the information, the internet etc.
Bitcoin gives us what is the most important - the independence and the freedom.
That is a bogus quote. What GW actually said was "A free people ought not only to be armed, but disciplined; to which end a Uniform and well digested plan is requisite: And their safety and interest require that they should promote such manufactories, as tend to render them independent others, for essential, particularly for military supplies." from the First Annual Message United States [New York] January 8th 1790. |
|
|
|
A few questions:
What happens when a car is stolen and then found (say by VIN number)?
Would it be returned to the original owner?
Would someone who holds it at the time when it is found be compensated in any way even if the car has passed via 10 hands after it has been stolen?
How a bitcoin is different from a car in eyes of the law?
Chop shops part out vehicles to make them virtually untraceable. Bitcoins can be broken into thousands of pieces that would make it very difficult to track down, especially if they go outside their jurisdiction. I'm not saying this is a good thing about Bitcoin, but it is a good reason for a strongly authoritative government to prefer using only registered and controlled money. Bitcoin addresses can be registered, taxed, and whitelisted to comply with laws. It is likely that some governments will do this. |
|
|
|
|
Since this thread started Bitcoin has seen a what, 50% ROI? I wonder what the OP did?
|
|
|
|
That's called bad luck  Yeah, I didn't know that a company can just quit their public stock when they start doing well. They don't have to share in their profits at all. So I guess what Pirateat40 did is perfectly legit and done all the time by big name lawyers. |
|
|
|
|
Dad found old stock certificates 1950's and some records into the early 70's. The stocks were issued by someone building a business basically out of his garage. He spent a small fortune on them because he believed in the company as a college student. He forgot about them and they were lost in his files. After doing some research I find that the company is now making $40M a year or more. I wrote to the company to determine the status of the stock certificates. I find that they were escheated by F. Lee Bailey many years ago and they are no longer valid stocks. They paid the Treasurer a fraction of what they were worth. Lesson learned: don't invest in American businesses. Scammers abound.
|
|
|
|
|
They lose me when physicists start talking about the mind. There needs to be more science done. There is plenty of cake. Personally, I think that the Big Bang theory is too assumptive, String Theory is too derivative, and Brane Theory is pure conjecture. More raw data is needed to analyze. We need a moon based radio telescope array and then probably one much larger. We need to look for self similar patterns on a cosmological scale. It will require a lot of computing power to analyze 3-dimensional data sets. I think we'll find some interesting things going on.
|
|
|
|
That would be like asking a walmart clerk handing you change where they got that cash.
I think it would more if a sketchy guy on the street walked up to you and saying "I'll give you this $100 bill for a $50 and a $20". (Would you ask him where he got it, assuming that you were already able to determine the bill was real?) I don't make change for strangers at all unless it is business. It is estimated that fully a third of all cash is counterfeit. I prefer to handle as little as possible. |
|
|
|
|
That would be like asking a walmart clerk handing you change where they got that cash.
|
|
|
|
Ripple IOUs are just balances, just like a bank balance. If you have a bank balance of $50, that means your bank owes you $50. For me to pay you $50, I give you a check. The system processes that check and then my bank owes me $50 less, your bank owes you $50 more, and you consider me to have paid you $50. Most likely, you would only hold your bank's IOUs, so the only worthless IOUs you have to worry about is if your bank fails.
So if you IOU me for a million for mowing your loan and I IOU you  for a million for washing my car, then we can each buy a Maybach? I think you would both just have a balance of 0. Also, don't forget you have to acquire the IOUs before you can trade them. It just sounds like anyone could charge what they want and because it is just IOUs. Aren't we seeing a debt based currency war going on now? Every nation is devaluing their productivity by inflating their economies. It won't be long before we are mowing lawns and washing cars for one million. It just seems that this economy is way too easy to hyperinflate. |
|
|
|
Ripple IOUs are just balances, just like a bank balance. If you have a bank balance of $50, that means your bank owes you $50. For me to pay you $50, I give you a check. The system processes that check and then my bank owes me $50 less, your bank owes you $50 more, and you consider me to have paid you $50. Most likely, you would only hold your bank's IOUs, so the only worthless IOUs you have to worry about is if your bank fails.
So if you IOU me for a million for mowing your loan and I IOU you for a million for washing my car, then we can each buy a Maybach? |
|
|
|
|
I think the concept behind Ripple is infinite rehypothecation. If someone accrues enough IOUs, then even if many of them are worthless, they all average out. It presupposes that bad debtors will not themselves aggregate enough Ripple points to matter to the system and will be weeded out. It makes sense if we presume that social pressures will determine the average value of Ripple tokens. It's a numbers game that needs to be based on social science. I would really like to see the algorithms that go into determining the risk and value of the IOUs, but I have a feeling that this will not be forthcoming. If they are not absolutely revolutionary algorithms, then we are looking at a system that will be easily gamed.
I think the algorithms behind Ripple will make a quant blush.
|
|
|
|
|
I'm not even sure the term "bear" can even apply to Bitcoin. This is an emerging technology. The trading factor is really incidental. I would love to see the price of Bitcoin drop again like it did a year ago so I could acquire more, but I won't hold my breath. We won't even see a real market for Bitcoin until it starts reaching its potential utility which is still under development. The conservatives that advise about over-exuberance are certainly welcome to the discussion.
|
|
|
|
We keep them well fed. Please keep your hands clear of their cages. If you play a nice upbeat tune, they may dance for you, but normally they just growl a lot.  |
|
|
|
|
Show Posts
