( yes bitcoin's blockchain has an asset layer, you didnt know?  )  |
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It's actually cheaper in the end to pay cash and keep BTC for other things such as speculation
Bitcoin: a peer to peer currency speculation system. |
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Why the US is going to war with Syria was already explained years ago:  |
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I wouldn't be surprised if it was a false flag.
Wouldn't be surprised? This has been going on for how many eons now?  |
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When Jim Roger's talks about currency collapse. He is of course talking about a USD collapse. Bitcoin needs to be readily convertible into strong currencies. Without this feature, Bitcoin would be worthless.
You've got it completely backwards. Bitcoin is a currency, not money. That's why low scalability is completely counterintuitive to it's value proposition. The only way it can derive value is by tons of people using it in every day transactions, NOT a tiny number of people attempting to use it as a settlement layer or generational store of wealth because gold and silver are far superior for that purpose. |
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I wonder how Russia reacts with that attack? Russia'n leaders are assholes they are ok with that disgusting poison gas attack...  There is no Assad launched "chemical attack". He's not a fucking idiot. He knows the (((deep state))) and the UN are itching to invade him and would give no excuse for them to do so. Who were the first people to report it? The Jews in Israel of course. The same pepole whose intelligence unit, the mossad, has the official slogan of " BY WAY OF DECEPTION". It's another gulf war con job by the Jews claiming "look, weapons of mass destruction!". There was a fraudulent false flag attack in Russia days before trying to soften up Russian public opinion to go fight some Arabs. Israel's make believe cult mythology also tells them that they own 2/3rds of Syria:  |
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Another spectacular Armstrong failure:  |
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If a metal based monetary system cannot prevent recurrent debasement of the unit of measurement either via direct physical debasement or via the addition of financial paper instruments then it has failed as a sound monetary system. False premise. You claim debasement actually does anything. It doesn't. Debasement is just a lone actor thinking he can fool the market, but it's not possible. The market always routes right around it and adjusts accordingly. The market values by metal weight and content. The only reason Martin Scamstrong makes the false claims he does is because nobody had any equipment to test metals back then and had to rely solely on a maker's mark. You no longer have to rely on a maker's mark at all. Metals were ironically not a trust free system in their mainstream hayday, but they are now. If anything, metals as a trust free money have actually improved, not worsened. You can even hold up a cell phone and do a ping test on a coin now and have your android app validate if the frequency was legit or not. Tools like that were not available to the common man back in the day, so he was essentially just using fiat. Thus everything abut Armstrong's premise is wrong. |
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When you become a stone cold trading psycho, that's when the real profits roll in.
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Gold and Silver are simply attempts to take human weakness out of the picture by tying the concept of money to something that cannot be easily forged or mass produced. This works to a degree but it historically also ultimately fails to restrain us from eventually debasing and destroying the currency system. This is the most misleading statement about the viability of metals ever. Just because someone attempts to debase the currency does not mean gold or silver has "failed" in any way. It's valued by it's metal content, not anything else. Contrary to whatever lies Armstrong will tell you, when they debased silver by 50% in Rome, the soldiers just asked for twice as much pay, and so did the merchants for their goods. Yes, a king or whoever can sometimes trick people with debasement over a short period of time, but never the long run. Oh yea, Martin Scamstrong is once again claiming gold will go below $1000 HAHA. This time he's not even giving any real reason for it, he just claims "gold needs to crash to give it the energy to soar past $2300. Translation: he doesn't have any and wants to buy some and has deluded himself into believing he's important can move the market with propaganda. Meanwhile, govts of the world are price insensitive buyers and are buying the stuff by the ton and don't even care if the price skyrockets. They'll just print and buy more for free. |
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Because @r0ach is an obstinate fool who wears a tinfoil hat blindfold that prevents him from comprehending (and perhaps even reading) what Nash wrote, especially what Nash wrote about what makes gold valuable and why it is not as ideal as Bitcoin.
LOL, not as ideal as bitcoin you say? So by extension you are also claiming gold is not as ideal as dogecoin, clamcoin, solidcoin, asiacoin, and scamcoin4000. Due to lack of scalability, there is no valid Schelling point for bitcoin. But that's besides the point, because even if it did scale, it doesn't do what the whitepaper claims or acts in a decentralized manner in the first place. Like i told the other hipster earlier: Money has NUMEROUS different traits that have to be satisfied, and the only trait being so called "digital" helps is it's portability. Congratulations, you have exceled at around 10% of the required traits. Bitcoin is a currency and not money. Just because being digital allows you to dump it fast (portability), does not make it money or superior to anything else.
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And someone didn't want to accept my statement that bitcoin is a currency and not money so I had to explain in greater detail why: Bitcoin is a currency not money. If you don't agree, YOU don't understand finance. It's a Rube Goldberg machine and nothing more. No random bullshit made up of completely arbitary variables created by humans is money. Money represents goods and services or the ability to do work. It's required to be connected to some type of commodity or energy resource if you're abstracting the system away from barter, otherwise the system is easily gamed and implodes as always.
Bitcoin is not a real commodity, it's a poor immitation like some type of tranny. The sunk cost in so called "creating" a bitcoin in the past does not transfer into delivering anything tangible into the future. It's more like a steady state system that can catastrophically fail and vaporize all imaginary "wealth" attached to it at any time - the glaring trait of all currencies past and future. One of the main reasons the noble metals are valued as money (gold and silver) are the anti-corrosive properties to defeat time itself, which guarantees you the ability to transfer that unit of account from the past to future, UNLIKE bitcoin.
Too bad you don't understand money yourself r0ach. The wealth attached to gold and silver is no more or less real than the wealth attached to Bitcoin. It could vaporize just as easily once enough people discover that gold and silver is completely outdated as a form of money and they are really nothing more than shiny rocks that are way too cumbersome to use and represent value in the modern digital world. Good luck living in the past with your useless heap of rocks, I prefer to embrace the future with Bitcoin as money instead.  Completely wrong and you know you're a bullshit artist already. There was absolutely zero reasoning in that response. It was just blah blah metals are a barbarous relic and bitcoin is "da future!" but I can't explain why, it just is for no reason! Because I'm an idiot hipster in a digital hipster world, and bitcoin is digital therefore it's good! Yea, and fiat notes are digital too, go load up and see what happens. Money has NUMEROUS different traits that have to be satisfied, and the only trait being so called "digital" helps is it's portability. Congratulations, you have exceled at around 10% of the required traits. Bitcoin is a currency and not money. Just because being digital allows you to dump it fast (portability), does not make it money or superior to anything else. |
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