Rather than being backed up by the power of a government (like most money) or the lies of angry robots (Bitcoin), TEM units are based around the idea of a "local exchange trading system.What does the author have against bitcoins? 
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for funds from the tax payments on target I think everyone would be happy to pay the tax, such tax funds were used to build schools, roads, bridges, hospitals, transport and others, which often occurs in practice, the tax funds are often misused for personal benefit, tax funds from large corporations often reduced to personal interests as well as long as there is no improvement of the system of tax funds received and used then the public will be reluctant to pay taxes, the extent of transparency of tax funds used will determine how much tax revenue the state ...  I'm lovin public ledger for public spending... I don't think a public ledger for spending will be sufficient to curb corruption. The quality of work done in public projects would have to be monitored. Tracking the money spent alone will not be sufficient. |
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Is there a dollar dumping team?
Looking at the USD reserves held outside the US, I think they are easily outnumbered by the dollar hoarding team.
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If the price changes on an exchange then the change is seen very quickly on other exchanges? Why is this? Do the exchanges ensure this or the users? Or is it bots which access many exchanges at once?
I can't see users reacting so quickly to a price changes and actually implementing those changes on other exchanges.
If there is arbitrage, people or bots are going to quickly make use of it. This results in price stabilization across exchanges. |
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Work increases to fill the time available to do a job. Expenses increase to make sure that your new salary is fully spent.  |
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You can pick up all you need from Dilbert.   |
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Don't believe the fearmongerning!
The stock market will not "collapse" 50% in 2014. Sure, they will go down some day, but it will not be in 2014! Typical play on emotions, stay away from those fraudsters!
The only way that would happen is if there was a new world war on the anniversary of the 1st world war. 100 years and what's changed is that a known enemy is now an unknown enemy. As for the stock market, they need to specify what stocks he-he or they are just trolling, some parts will do well in a recession, others will crash hard or revalue. (Link loads but can't see article oddly though) The stock market is way overbought thus why metals are tanking. I'd expect the market to take a tumble next year when the market realizes this. You'll want to be holding metals you bought cheap when it begins. If stocks do start tanking, there will be panic. I guess the fed will then open the tap of quantitative easing, to support stocks. So I guess a 50% cut is unlikely. |
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Wasn't earning 5 years ago. |
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Hi Stingle, correct me if I am wrong, but wasn't beber456 supposed to be evaluated as well? After all, he signed up before dbshck and szmarco. That'll work! Registered. Only senior slots left. Posts: 780 Activity: 378 Position: Sr. Member Bitcoin address: 13bwE1rrLnDec67BsSRCg2dubL7qsY5yP2 Bet: luckyb.it/check?txin=bffaf49500be66ef08d1fd7d92ea95f5bd0fa9b984f6eb20309b0aa6e745990f:0 Please confirm my application, thanks Registered. |
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Question: What are all of you going to do when the dollar doesn't collapse? Some of you need to give me a date when it will collapse so you can admit you were wrong the entire time.
Well many people on these forums will look at the long term decline in the value of the dollar via inflation and will assume that such a trajectory will continue over the short term. What they generally do not understand is that the numbers make use of compound interest so even a small increase in inflation will have a great effect on the purchasing power on the dollar from 100 years ago The question is whether inflation (however small) is a good thing because it erodes purchasing power. |
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Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.
Thanks Nostradamus. Any other vague claims? Just look at the amount of physical money (notes and coins) versus the total money supply. If everybody tried to withdraw their money from banks, it just wouldn't be possible. Paper money has been replaced by 1's and 0's on a network. |
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I notice that there are a lot more exchanges etc that will take a credit card to buy bitcoin now. 1 year ago that was almost impossible. While I think it's great that 1 of the main barriers to investing in bitcoin is going away, I worry about bad publicity. When some of the get rich quick guy's run up 50k in credit card debt and cry to the media about losing everything etc etc...
Anyway, I wil just continue to buy 300$ or so a month worth of bitcoin. And hodl Hodl, HODL!
You should note whether there are any additional charges when you bitcoins using credit cards. |
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why do people agree to pay taxes? Because their parents paid taxes. The greatest tragedy of tradition Another possible response from Nineteen Eighty-Four : because they think big brother is watching. All we need is one politician who abolishes income tax. His successors will find it very difficult to reverse policy. |
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you forget the English coal mines used even in Roman times and Later (19 century) The German & Belgian Coal mines... europe never hit a real energy crisis as they had access to coal for metallurgy and the industrial revolution, combined with a criss-cross of riverways + mediterranean sea for almost free-energy transportation, communication and trade.
In China though coal is much deeper and only in modern times the energy gains pay off. I don't really know the efficiency of chinese trade at the time though.
It seeems reading a bit of history will do the trick, it appears that the English had transformed the China into an opium junkie. They growed opium in india to flood the Chinese market and tip the balance of trade in their favour. So it would seem that the rise of Western Europe and the decline of China could be simple: basic drugdealing This site gives a timeline of the opium trade with China. http://www.irinnews.org/indepthmain.aspx?InDepthId=21&ReportId=630401601 - Ships chartered by Queen Elizabeth I are instructed to purchase the finest Indian opium and transport it back to England.
1620s-1670s - From 1637 onwards opium becomes the main commodity of British trade with China.
1729 - Chinese emperor Yung Cheng issues an edict prohibiting the smoking of opium and its domestic sale, except under licence for use as medicine.
1796 - The import of opium into China becomes a contraband trade. Silver is smuggled out to pay for smuggling opium in. But three years later China's emperor, Kia King, bans opium completely, making trade and poppy cultivation illegal.
1839 - Lin Tse-Hsu, imperial Chinese commissioner in charge of suppressing the opium traffic, orders all foreign traders to surrender their opium. In response, the British send expeditionary warships to the coast of China, beginning The First Opium War. |
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History keeps repeating itself.
Ordinary Joes are the ones impacted when stock markets crash.
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The following people have not made any posts during the last 7 days. - sakira - chanz Won't be affected by the new rule though. |
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Until we have a big enough market cap, Bitcon is a pump and dump (not that it was intended to be), we saw it in the past, we know it will happen again. We need more "distribution phases" if you like to call them that way and it will take some time. It is too easy to corner the market right now, and every trader wants to take advantage of that, they would be stupid not doing so, but if you don't know how to play along their rules you should just watch.
If bitcoin's market cap is not sufficiently high enough, what about the market cap of altcoins? |
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Does anyone have an idea on what happen if a country decide to go back to a Gold standard?
Imagine that there is no threat to this country come from the others. It's a middle sized economy.
Its economy would become strong. It would not be able to inflate there currency for obvious reason.
What are the pros and cons? A fly solo like this is even possible/imaginable?
I'm just curious to know what you guys think it might happens.
That country will be forced to store large amounts of unproductive gold. Don't you think it would be better off selling its gold and using that to build its infrastructure? |
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The Chinese with their huge reserves of dollars are the most potent. However, it is in their interest to see the dollar flourish. |
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