über so viel Dummheit nur weinen
passt schon. Allerdings muss ich dabei an unsere Regierung denken. Ganz genau. Wer frühere Debatten unserer Parlamentarier auch zu den von ihnen selbst vorangetriebenen Überwachungsgesetzen verfolgt hat, kann dem nur beipflichten. Diese waren oft geprägt von himmelschreiender Naivität und Realitätsferne, die sich eigentlich nur durch a) mangelnde thematische Kenntnis, b) mangelnde Denkfähigkeit und c) Ignoranz gegenüber den Bürgerrechten der Allgemeinbevölkerung erklären lassen. Es belustigt mich in gewisser Weise, nun die gekränkten Reaktionen derjenigen Parlamentarier zu sehen, die zuvor selbst massiv für die Überwachung der deutschen Bürger eingetreten sind, aber mit der eigenen Überwachung nun offensichtlich Probleme haben. Haben die etwa was zu verbergen?  Würde der Rechtsstaat hier noch in irgendeiner Weise funktionieren, müssten große Teile ehemaliger und aktueller Vertreter der Regierung(-skoalition) zusammen mit den US-Agenten in Untersuchungshaft sitzen. |
|
|
|
gold is worse since you have to kept them safe, everyone can robb you the gold.
And bitcoin can't be stolen, right?  Sorry, but I think a lot of the gold bashing in this thread is plain stupid. In reality bitcoin was modeled after gold (and other precious metals), that's why the generation process of bitcoins is called "mining". Gold is physical, bitcoin is not. There are advantages and disadvantages for both cases. The purchasing power of gold pretty much stays the same longterm. If gold value is expressed in fiat, it is mostly an indicator of fiat inflation. I predict that bitcoin will share the same properties once it has reached the saturation point of adoption (until then it will rise in value substantially). |
|
|
|
Unvorstellbar! Weiß die englische Community bescheid, was es mit unserem Theodor auf sich hat?
Und fast hätte ich "Douches" mit Freiherr übersetzt. Naja "duchess" wäre immerhin adlig gewesen... leider mehrere Höhenmeter über unserem guten Berg und weiblich... aber wer weiß, was er sich noch so alles einfallen lässt - man sollte ihn ja auf keinen Fall unterschätzen.  Bin mal gespannt wann der Ripple-ripoff endgültig abgeschlossen ist. Es tut ja schon fast weh, bei diesem quälenden Todesprozess zuzuschauen... |
|
|
|
|
Payment received - thank you!
I wish to rejoin for another month.
Postcount now: 636
|
|
|
|
Nation-state governments back the value of their money with violence and deception. Bitcoin's value is backed in reason, truth, mathematics.
True. By taking away the power of money from governments and giving it to Bitcoin (or any sovereign crypto), you are quite literally making the world a less violent, more reasonable place.
True regarding violence from governments. But people will still use violence in competing against each other - for example to obtain wealth (= Bitcoin). Bitcoin going mainstream will harm all those who do not adapt to changing rules by holding on to fiat. But that is something I would call "general risk of life, because similar risks exist in many realms of life. During the course of your life you have to adapt to changing conditions multiple times. In the longterm however there is no harm, because all transactions happen in bitcoin and all people will use it. |
|
|
|
Die Bewertungs- und Trustfunktion hier im Forum war, ist und wird wohl auch für den Arsch bleiben. (=
endlich mal was gescheites gesagt daniel Die Aussage ist vielleicht etwas übertrieben...  ich würde es wohl etwas abmildern in: Die Bewertungsfunktion ist ein erster Anhaltspunkt, aber keine Garantie für eine bestimmte Reputation eines Users. Die Funktion kann natürlich missbraucht werden. Wie aber soll beurteilt werden, wann tatsächlich ein Missbrauch vorliegt? Das können die Mods imho unmöglich für alle Nutzer objektiv beurteilen. Desweiteren ergibt sich dann das Problem, dass evtl. die Mods Löschungen von Bewertungen missbräuchlich vornehmen. Besser also, sie halten sich komplett raus und jeder interpretiert die Bewertungen nach eigenem Ermessen. |
|
|
|
|
I agree with everything, except Facebook. Facebook will be mostly history 10 years from now. They have no real business model and people are getting more critical regarding invasion of privacy.
I'll add another prediction:
5. Influence of central banks will be decimated, because fiat money is no longer state of the art.
|
|
|
|
|
I agree with OP, Bitcoin and Satoshi are the only reasonable units.
Both units naturally emerged from usage. There is no advantage in propagating other units, they only add confusion.
In addition there is absolutely no problem in expressing amounts below 0.01 BTC efficiently in Satoshi: You can just use the common abbreviation for thousands: 'k'.
So for example 100k Satoshi are 0.001 BTC. Simple and intuitive.
|
|
|
|
|
That's interesting indeed. For Russia, embracing Bitcoin could also help to weaken the USD.
We might be approaching a turning point, where governments realize that they can only loose if they fight bitcoin. Let's see, if other countries will follow Russia.
|
|
|
|
Ich steh' im Wald. Für mich die bizarrste Crypto-Nachricht seitdem ich dabei bin.
+1000 Ist schon wieder Karneval? Ich dachte 100%ig, dass das ein Scherz wäre, bis ich auf der offiziellen Seite war... wobei es immer noch ein defacement sein könnte.... Unvorstellbar! Weiß die englische Community bescheid, was es mit unserem Theodor auf sich hat? Das bestärkt mich doch sehr in meiner schon lange vertretenen Meinung, dass Ripple ein großer Misthaufen ist auf dem sich die Fliegen streiten, wer als erstes mit der Eiablage beginnen darf... |
|
|
|
|
Awesome development. I think this marks the beginning of a whole new phase of big businesses entering the Bitconomy.
In the next 6-12 month the number of multi-billion dollar revenue companies accepting bitcoin will more than quadruple.
Quote me on that.
|
|
|
|
I would doubt this would ever happen. The reason oil is traded in dollars is because the dollar is so widely traded and the dollar market is so liquid.
There is more oil traded in a day (in terms of market price) then the market cap of bitcoin is. This would result in constant huge swings in price of bitcoin as people try to move in and out of oil.
These factors will change. The dollar will loose liquidity and bitcoin will gain liquidity (massively). Of course this will not happen overnight. Step by step "apostate" countries will leave the dollar sphere, thereby decreasing the importance of USD as reserve currency. You're reversing cause and effect in your argument: The USD is widely traded and liquid, because oil is traded in dollars. Not the other way around. |
|
|
|
|
I assume that even in a "full worldwide adoption scenario" (= maximum adoption ever reached) not the entire world population will use Bitcoin. But between 25-75% are possible.
So as a conservative estimate I will assume that 2 billion people will use bitcoin in the maximum adoption scenario. The current number of bitcoiners is hard to estimate. I would put that number in the 10 to 20 million range.
Based on these assumptions, we're currently at a value of 0.5-1 on your scale.
|
|
|
|
His answer was interesting from an engineering point of view (I am an EE). He said that models show that attempting to match the supply of money exactly to the demand leads to an unstable system. In other words we need either a small amount of inflation or a small amount of deflation in order to have a stable system. This made sense to me from a system point of view.
That seems to be a very mundane explanation and is insightful at the same time... The reason they use inflation instead of deflation is given above: it spurs consumption and therefore economic growth.
Actually growth produced from inflation is artificial growth, because it is not driven by necessities but by the expectation/fear of losing wealth. Therefore it can not be sustainable longterm and wastes resources. I hope Bitcoin will prove that the doctrine of inflation-induced growth is wrong. |
|
|
|
That is really encouraging news! watch the usa invade kuwait for not selling their oil with usd fiat
on trumped up terrorist actions
Unfortunately this really could happen if kuwait has no powerful allies. But I think they will form a coalition with other countries before taking any steps to replace the USD as trade currency. |
|
|
|
The authorities in Brussels also tried to calm savers' worries, having seen the queues that built up outside branches of two major Bulgarian banks in recent days.
It insisted that Bulgaria's banking system was:
"well capitalised and has high levels of liquidity compared to its peers in other member states. For precautionary reasons, Bulgaria has taken this measure to further increase the liquidity and safeguard its financial system".
That statement is an outright lie. Authorities lie, because they can't do much else to stop the bank run. If only a fraction of the population demands their savings handed over, banks will collapse. This should be taken very serious. Of course the World Cup comes in handy to distract the general public in Europe... It's not really an outright lie. "high levels of liquidity compared to its peers" and "increase the liquidity" does not necessarily mean, that all available cash covers all demand deposits. You can have a look at the publicly available data of the Bulgarian central bank to see that all available cash does NOT cover all demand deposits. Well in this case I don't want to know how bad the situation of those peers is... this could spread to other countries fast. Gold and Bitcoin both jumping today. Coincidence? |
|
|
|
Got the answer "Bitcoin was first mentioned in a 2008 research paper published under the name Satoshi Nakamoto. It is unknown who Satoshi Nakamoto is. In 2009, an exploit in an early bitcoin client was found that allowed large numbers of bitcoins to be created."
What is that bug that Google mentions or is Google making up shit again?
The bug that I think they are referring to was in August of 2010 where you could create a large number of coins. see: https://bitcointalk.org/index.php?topic=822.0https://bitcointalk.org/index.php?topic=823.0Very interesting. I did not know that this ancient bug was that severe. This should be a warning to remain watchful on future releases. Apart from that I don't know why this bug is mentioned in the reply by google, because it has no direct relation to the question. |
|
|
|
The authorities in Brussels also tried to calm savers' worries, having seen the queues that built up outside branches of two major Bulgarian banks in recent days.
It insisted that Bulgaria's banking system was:
"well capitalised and has high levels of liquidity compared to its peers in other member states. For precautionary reasons, Bulgaria has taken this measure to further increase the liquidity and safeguard its financial system".
That statement is an outright lie. Authorities lie, because they can't do much else to stop the bank run. If only a fraction of the population demands their savings handed over, banks will collapse. This should be taken very serious. Of course the World Cup comes in handy to distract the general public in Europe... |
|
|
|
At least bank's transaction can be reverted. So its almost risk free.
Not if that bank is insolvent or freezes withdrawals. Having a bank account is worthless if you can't access your funds. It would be unlikely that your account would be completely worthless in the long run as you would eventually be given something. Although this something is likely to be much less then what your account should be worth based on how much you have deposited In the long run is also a problem. Most people don't keep a decent stash of currency in the house. In the 2008 meltdown it was the people that caused the problem that got taken care of while the people that were truly hurt got nothing. This is true however people can survive for some time without money. Most families keep some level of food in their house, don't need to fill up their gas tank every day, have a grace period on their rent/mortgage. If they were to change the way they got paid by their employer so they would be paid in cash then a family could somewhat get by until they are paid (now in cash) again In developed and semi developed nation, people live day by day and only keep enough food in the house for a week. I would say worse: Many people in developed nations don't even keep enough food and water(!) for a single week. At the same time the supply chain today is much more fragile than it used to be, because storage capacities are kept at a minimum to optimize costs. Supermarkets will be emptied shortly after a serious event. |
|
|
|
What in the world is going on ? This seems to be the first time in history, governments gone wild
trying to rape bank accounts of the citizenry.
Governments would have done this before if bank accounts had existed in the past... look at history: In general every few decades a monetary system collapsed basically due to overspending. Having easy access to the electronic "wealth" of citizens allows the government to extend the time until collapse. It's sad to watch these things unfold, but it's not the first time that people loose their savings. |
|
|
|
|
Show Posts
