I guess the coin is already dead. Nobody speaks of it.
Why do newbies always think everything is 'dead" if they don't see it in the news everyday? No, it's not "dead", just quiet: https://www.reddit.com/r/NobleCoin/ |
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Is this project still alive? Zero movement of price since the last few months.
Did you even read the post directly above yours? |
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....[stuff]....
The only thing worse than a full page post is when it's been deleted and some jackwagon requotes the entire feken post in "protest".  Amen brother, amen... |
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Is there a dev in this coin?
Still mineable? I stumbled upon this and waited a day to sync, no luck.
Or where do I buy some? It seems novaexchange is not the best.
Been dead for quite a while, no chain movement in months. |
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And the endless unreasonable weird dumping continues! don't try and sell me b.s like "there's no dumping", cause no one sells such small amounts of emc2. i think people deserve to know what they're getting into, so i think i'll add feedback on emc2 coin in big crypto rating sites.
LMAO! That's it, it's all over! He's going to rant in "big crypto rating sites" Why does this project attract more than it's quota of idiots and fools? I've been invested in EMC2 since they went live and you know what? No complaints. The rest of you complaining a-holes and big mouthed "newbies" can go screw yourselves... |
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best coin on the market?
VERGE - 233 (42.4%)
XVG - 316 (57.6%)
Total Voters: 549
i dont understand this question, isnt it the same .?
i forget if it was a joke, or back when it was changing over, and we was deciding on naming conventions. one of those  dont matter now. My guess, it is because verge is a fork of dogecoin. And then you need to keep some of the good humour :p I liked the joke at least hehe. They originally held a vote for Verge and something else but when it was over, discovered they could not delete the poll but could modify it. Don't want someone else's coin name at the top of every page forever so the dev turned it into a joke of sorts... |
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to sorry to be a party pooper. i forgot to include in the last post that the owners of the exchange have some rules that they want adhered to please see below link. https://www.gravio.net/blog/graviex-listing-rulessorry to be the bearer of bad news The only thing there that might have been a problem is exceeding 5 BTC per month but, last I looked, NYC was trading 3.5 BTC per day...  |
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New NYC Community Website: https://nycoin.community/
Introducing NYC Dev team & NYC roadmap
This site will be more frequently updated and will also contain links to the updated wallets and code. Nice website but, I suggest you drop the line "To date, the NewYorkCoin community has not discovered the person or persons who implemented NewYorkCoin’s genesis block." from the opening. It really doesn't add anything and it may scare people off even though there is nothing nefarious about it. Sometimes mysterious is good if your comparing NYC with Bitcoin and Satoshi but, just my opinion. |
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urawhiner, what a bloody joke you are .
if there is no bounty for you obviously there is some reason behind it.
i have done polish translation (im bit behind on updates) and yes i have been paid.
trying to make new people into NYC over the FB - not paid for and im not asking for it
trying to figure out how to start accepting NYC payments in my Ebay shop - not paid for and im not asking for it
stop crying . shut up and start doing something usefull.
if you think there is potential in NYC -promote it
if you think its a scam - why did you waste your time on translations
if you came here only to get some free coins ....well GTFO!!!
At this moment question is about to be polite and respect each other. In normal society people respect each other by default. Here I've done work, was ignored and then offended - that's why I'm doing this all. In my list I written required actions in order of priority, and bounty is in the end of the list, as you can see. You have done so much with your translation and get paid but your site http://nycoin.net.pl/ doesn't work. I was not payed, but my 2 sites are online and working. What for you have been paid, if your site doesn't work?nycoin.net.pl works just fine. |
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i think better analysis is sell cloak and buy litecoin because after cloak all time high 0.0055 was after that just down value so i think best time is sell cloak and buy other profitable crypto....
Sorry but, not really. CLOAK hasn't reached anywhere near it's top valuation, selling now would be setting yourself up for a big loss. Have you even noticed the entire market went down and is now in recovery? No? I didn't think so, only a fool sells the dip... |
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I like the points being made here by RJF and MiningHabit that far too many people are excluded from private equity funding stages of the business cycle. Everybody should be able to participate. That is one reason why I have so much respect for the DNotes approach, and why I'm absolutely certain we have taken the right path. Just like the tag line we have adopted in our videos going forward:
"DNotes - the inclusive digital currency, for everyone."
I share your values and sentiments that even small investors should be given the opportunity to invest in situations they see fit and not be deprived of those rights by limiting them only to accredited investors. As part of consumer protection, I am less concerned about limiting their investment to 10% of their annual earnings or net-worth. As you may know, DNotes Global has selected the more demanding funding program using Reg. A+ Mini-IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We could use Reg. D 506(c) to raise unlimited amount only from accredited investors. That is the most common funding vehicle at a significantly lower cost. But then, "DNotes - the inclusive digital currency, for everyone." Absolutely Alan! In order to maintain integrity, you have to "practice what you preach". Ignoring this is the downfall of so many startups and small, growing companies. In all fairness, yes, things always deviate from the the original plan but, I will argue, unless it is regulatory or legal, there is always a way to bend and reposition without loosing site of what attracted investors and customers in the first place. So many startups make the usually fatal mistake of abandoning their guiding principles and loosing site the goal when confronted with problems they see as insurmountable. It's always easier to give up or, compromise your principles to survive, but, in the long run there are no true rewards on that path. I absolutely love that comment RJF. In my view, success can be boiled down to the expression of one's vaunted principles and virtue. Many projects will likely fall by the wayside when they realise that institutional and user reluctance to use their products is the result of them taking an easy route, that has led to regulatory hurdles that can't be overcome but to begin again. Many in the ICO realm have gone with the 'easy route', that doesn't necessarily guarantee long-term success. The messaging in this forum has always praised the novelty and benefits that Initial Coin Offerings may offer, though we have always remained cautious on them with respect to our expectations of regulator responses to security checks that ICO's have historically circumvented. We have often discussed the need for sensible cryptocurrency regulation, and DCEBrief was created to aid these stakeholders as an education tool. Earlier today I submitted a proposal to one of the largest New Zealand public-sector organizations that is trying to increase their capability in the cryptocurrency space. The consultation document was created in response to a request forwarded to me that originated via the commissioner of the organization themselves, and it is my current understanding that my early session(s) may involve educating executives from other organisations / sitting board of directors. I am very privileged to be in a position to at least help out however I can in my corner of the world. The benefits of getting countries to one-by-one take sensible steps to understanding and making room for cryptocurrencies are enormous, and it is much better to get involved when the policies are being drafted, rather than after the fact. I think that New Zealand could become a huge market for DNotes, given that no cryptocurrency but NAV have a presence in the country, and all applications built in the country are created on proxy platforms like ethereum or outsourced to overseas firms, which mean less control and customizability for those organizations that commission development. That said, the first step is getting the regulations right. Allow me to deviate slightly here due to what you were saying about regulations. I wonder, how hard would it be for the SEC to create a seperate class for crypto ICOs? The regulatory structures already in place for IPOs could be culled and realigned while being repurposed to fit ICOs without an inordinate amount of work I would think. Something like "Crypto IPO Lite" for online companies. The regulations could be rather simple I would think, something along the lines of verification of the principles, some sort of bond (maybe depends on amount to be raised and final score for the project), proof of concept and usefulness of the end product along with a real white paper and business plan. Add background checks and proof of concept and permit them to raise some preset figure depending on scoring those items. Really not much work involved but the pre-qual would show commitment and follow through. It's really a shame that most of these ICOs start out with good intentions but get derailed or smothered in the amount of work required to bring their product to market. Perhaps an online ICO incubator could be available to assist with all the ins and out of turning a crypto idea into an online business. An incubator could also score a project in advance and help in making a decision to proceed or not. Just some thoughts. I like to take real world systems and project them into the crypto world. I think this will become a speciality and a profitable venture soon enough! Great work Tim, you are helping to shape our future and build an amazing network. I believe one day ICO can be regulated and exist in the centralized world. A light touch regulatory framework initially would be helpful to allow things to come together. This has to be very carefully planned from the side of the regulators, as a mistake could have dire consequences. This light touch framework could include, the ICO issuers would have to be responsible for ensuring the reporting of allowing users on the network only after they have verified themselves and met the outlined requirements. It would also require securities exchange rules that fall outside of existing requirements for those that exchange securities today. I don't see how it could happen without cooperation from many parties, and could take a long time to get to that point, as well as a period of time thereafter to bring it in line with existing regulations. " It would also require securities exchange rules that fall outside of existing requirements " Right! As I outlined above, this would be a different animal entirely. And due to the elastic nature of crypto, it would need to be flexible in all directions. I think it can be done with some effort and assistance of the crypto community, in fact, that part is mandatory! PS: Pool's front end is down. |
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I like the points being made here by RJF and MiningHabit that far too many people are excluded from private equity funding stages of the business cycle. Everybody should be able to participate. That is one reason why I have so much respect for the DNotes approach, and why I'm absolutely certain we have taken the right path. Just like the tag line we have adopted in our videos going forward:
"DNotes - the inclusive digital currency, for everyone."
I share your values and sentiments that even small investors should be given the opportunity to invest in situations they see fit and not be deprived of those rights by limiting them only to accredited investors. As part of consumer protection, I am less concerned about limiting their investment to 10% of their annual earnings or net-worth. As you may know, DNotes Global has selected the more demanding funding program using Reg. A+ Mini-IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We could use Reg. D 506(c) to raise unlimited amount only from accredited investors. That is the most common funding vehicle at a significantly lower cost. But then, "DNotes - the inclusive digital currency, for everyone." Absolutely Alan! In order to maintain integrity, you have to "practice what you preach". Ignoring this is the downfall of so many startups and small, growing companies. In all fairness, yes, things always deviate from the the original plan but, I will argue, unless it is regulatory or legal, there is always a way to bend and reposition without loosing site of what attracted investors and customers in the first place. So many startups make the usually fatal mistake of abandoning their guiding principles and loosing site the goal when confronted with problems they see as insurmountable. It's always easier to give up or, compromise your principles to survive, but, in the long run there are no true rewards on that path. I absolutely love that comment RJF. In my view, success can be boiled down to the expression of one's vaunted principles and virtue. Many projects will likely fall by the wayside when they realise that institutional and user reluctance to use their products is the result of them taking an easy route, that has led to regulatory hurdles that can't be overcome but to begin again. Many in the ICO realm have gone with the 'easy route', that doesn't necessarily guarantee long-term success. The messaging in this forum has always praised the novelty and benefits that Initial Coin Offerings may offer, though we have always remained cautious on them with respect to our expectations of regulator responses to security checks that ICO's have historically circumvented. We have often discussed the need for sensible cryptocurrency regulation, and DCEBrief was created to aid these stakeholders as an education tool. Earlier today I submitted a proposal to one of the largest New Zealand public-sector organizations that is trying to increase their capability in the cryptocurrency space. The consultation document was created in response to a request forwarded to me that originated via the commissioner of the organization themselves, and it is my current understanding that my early session(s) may involve educating executives from other organisations / sitting board of directors. I am very privileged to be in a position to at least help out however I can in my corner of the world. The benefits of getting countries to one-by-one take sensible steps to understanding and making room for cryptocurrencies are enormous, and it is much better to get involved when the policies are being drafted, rather than after the fact. I think that New Zealand could become a huge market for DNotes, given that no cryptocurrency but NAV have a presence in the country, and all applications built in the country are created on proxy platforms like ethereum or outsourced to overseas firms, which mean less control and customizability for those organizations that commission development. That said, the first step is getting the regulations right. Allow me to deviate slightly here due to what you were saying about regulations. I wonder, how hard would it be for the SEC to create a seperate class for crypto ICOs? The regulatory structures already in place for IPOs could be culled and realigned while being repurposed to fit ICOs without an inordinate amount of work I would think. Something like "Crypto IPO Lite" for online companies. The regulations could be rather simple I would think, something along the lines of verification of the principles, some sort of bond (maybe depends on amount to be raised and final score for the project), proof of concept and usefulness of the end product along with a real white paper and business plan. Add background checks and proof of concept and permit them to raise some preset figure depending on scoring those items. Really not much work involved but the pre-qual would show commitment and follow through. It's really a shame that most of these ICOs start out with good intentions but get derailed or smothered in the amount of work required to bring their product to market. Perhaps an online ICO incubator could be available to assist with all the ins and out of turning a crypto idea into an online business. An incubator could also score a project in advance and help in making a decision to proceed or not. Just some thoughts. I like to take real world systems and project them into the crypto world. I think this will become a speciality and a profitable venture soon enough! |
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I like the points being made here by RJF and MiningHabit that far too many people are excluded from private equity funding stages of the business cycle. Everybody should be able to participate. That is one reason why I have so much respect for the DNotes approach, and why I'm absolutely certain we have taken the right path. Just like the tag line we have adopted in our videos going forward:
"DNotes - the inclusive digital currency, for everyone."
I share your values and sentiments that even small investors should be given the opportunity to invest in situations they see fit and not be deprived of those rights by limiting them only to accredited investors. As part of consumer protection, I am less concerned about limiting their investment to 10% of their annual earnings or net-worth. As you may know, DNotes Global has selected the more demanding funding program using Reg. A+ Mini-IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We could use Reg. D 506(c) to raise unlimited amount only from accredited investors. That is the most common funding vehicle at a significantly lower cost. But then, "DNotes - the inclusive digital currency, for everyone." Absolutely Alan! In order to maintain integrity, you have to "practice what you preach". Ignoring this is the downfall of so many startups and small, growing companies. In all fairness, yes, things always deviate from the the original plan but, I will argue, unless it is regulatory or legal, there is always a way to bend and reposition without loosing site of what attracted investors and customers in the first place. So many startups make the usually fatal mistake of abandoning their guiding principles and loosing site the goal when confronted with problems they see as insurmountable. It's always easier to give up or, compromise your principles to survive, but, in the long run there are no true rewards on that path. |
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https://ebitnews.com/ico/dfinity-blockchain-ico-cloud-tezos/There is a part of me that definitely doesn't like this, and a smaller part of me that does. I could tell a long story, but the summary is that many years ago I wanted to invest in Facebook through the secondary markets at a time when it was a $10b company. I wasn't allowed too, because I wasn't already accredited (read: already rich). So I had to go to rich people I knew with my thesis. Nobody took my advice. Now FB is one of the most valuable corporations in the world. Thanks SEC for letting me participate in that upside as a poor person!! That's a huge thing I like about Crypto. I have my thesis. And nobody can tell me to act on it or not with some artificial market-altering rules. So, it's annoying that I can't participate in DFINITY, or MIT's Enigma project, and several others....because I'm still not rich enough to meet the SEC definitions for being accredited. 7-8 years later. And NOTHING has changed. Yet, something about ICOs (read: all the scams) is also unpalatable. In general, I am Laissez Faire Libertarian w.r.t. economics. I think access >>>> risk. People should be able to make their own mistakes within a framework. And disallowing all access in the name of security, is bullshit. As Ben Franklin said, "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Wow! I SO agree with you! I am sick and tired of people who are no different from me "protecting" me from myself, it's insulting. "Accredited" status or not, it's the principle of government babysitting us that I cannot stomach. Every headline about Senators, Congressmen and other elected officials being charged with finance related offences, going bankrupt, lying, cheating, the whole nine yards is disgusting to me. "Let he who is without sin cast the first stone" Where do these people get the right to decide our fate and tell us where we can and cannot invest? PS: I'm stealing that quote by Franklin, one of my favorites and I need a new tag line... |
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Message taken from Dev-updates on Discord:
@everyone The new windows wallet is now available for download at this link. https://nycoin.info/ There has not been a significant code change, just a bit of tidying up and a makeover so this should work with the block data you have already downloaded. That being said, before downloading, BACK UP YOUR WALLET AND BLOCK DATA FILES!!! We have tested the wallet and have confidence that it works but you should always take precautionary measures to insure that your data is safe. We will have a mac build put up on the site as soon as we can. Thanks for bearing with us! More fun updates are coming! https://nycoin.info/
With this update comes some much needed maintenance such as removing the old alert system and mining functions. We have reduced the amount of items that will cause an Anti-Virus to flag the program from 22 to 2. You may still need to white-list the wallet with your AV. Be sure you wait for the wallet to sync completely before first use. ############################################ Please remember to vote for NYC each day, one vote every 24+ hrs. The Up Vote tab will be green if you can vote again. Next Exchange: https://nextexchange.featureupvote.com/suggestions/3064/newyorkcoinAltcoin.io https://feedback.altcoinexchange.com/suggestions/3916/please-add-new-york-coinJoin the NYC Discord Channel.
For up-to-date community news or to become an active team member.https://discord.gg/gUSAqwsGood work, thanks! |
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uracrew, please for sake of all of us here, please go get a life! Please man, get busy with some other coin bounty, there's enough of them around here, and finally leave us all in peace!!!
Thanks!
I completed bounty task. I have not received my bounty. What may I do - sit still? I don't take part in bounties. I took part in bounty of NYC because I was looking at this coin since 2014 and mined it from it's start. That's was the reason - because I wanted to do something good for community. You can check my posts in this thread - I was positive. Bounty reward was secondary. But when I realized, that something going wrong - I gave 24 hours for Charlie to respond. ( https://bitcointalk.org/index.php?topic=2016963.msg28129121#msg28129121) Then I was busy and posted all proofs in some weeks, not in 24 hours. Charlie had enough time to contact me to solve question. I'm not interested in getting contribution as only solution of my question. I'm sure that community can collect and send me these 200k if I will ask. But it's not right way. This will show that Charlie pwned whole community, not just some persons. I want to get bounty from a person who announced bounty. Bounty was announced by Charlie Kartchner, the founder of NYCoin (see proofs here https://bitcointalk.org/index.php?topic=2016963.msg29465308#msg29465308) NewYorkCoin suffers because of just one person - because of it's founder. He don't care about community, he don't care about fixing wallet bugs, he don't care about paying bounties. Here is my list of simple questions to Charlie: 1. Connection between "disappeared" founder of NYC, e-mail at NewYorkCoinMiner profile and original NYC domain name. 2. Multiaccounts at this forum. It seems like not forbidden here, but explain the sense of this, let community know why. 3. Explain why Sniper from Russian NYC community received 50k coins bounty instead of 100k. Solved, Sniper received second part of bounty later. Then the question is why the bounty was divided into 2 parts? 4. Explain why Sniper from Russian NYC community received bounty for Russian translation that he done 1 week later than me. 5. Explain why you said that you will pay bounty for both translations, but not payed at all and even didn't answer me anywhere where I written to you. 6. Explain why new bounty campaigns being started, while you are not payed for previous. 7. Explain why "online decentralized" cryptocurrency need "offline center" at Manhattan? Just child's dream about real estate in NYC? Another stupid hype like ATM with goal to create demand? Another way to ask for donation for something "very important" like in this message https://bitcointalk.org/index.php?topic=2016963.msg29179560#msg29179560 ? "GET YOUR BTC READY"? 8. Wallet troubles with URGENT messages and much bigger troubles with Mac OS wallet. Terrible UX with creating conf file manually. Can be fixed within 1 day and some bucks, but seems like user experience is something absolutely not important for this coin. I was cheated yesterday, tomorrow you will be, so let's together ask Charlie to answer these questions. Nobody here cares about your bounty or your accusations. If you have beef with the dev, do it in private. We are all working on rebuilding this project and we don't need you coming in here with your shit. Private message the dev if you think you are owed something. Your only hurting everyone here. GTFO! |
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$5! $5!! $5!!! is COMMMMMMMMMMMMMMMIIIIIIIIIINGGGGGGGGGGGGG folks!!!
Must understand ok?
We are back to the square one........ just like I said!!!!!!!!!! almOst down to the $5 again! Lol!
"Cloak is going to $300 in 2018" ya RIGHT lol u guys got dupedddddddd
Wrong again moosebreath... |
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VIDEO UPDATE Hello everyone. I have received the final version of one of the videos I have in production. This video illustrates why DNotes Global is important to DNotes visually, in a brief video. It took more than 3 weeks full time work for the animator to complete it, we are very appreciative of his efforts. The next video to release will be our first overview video based on the DNotes Global pitch deck. DNotes Global -- Ecosystem Preview I expected something great, but this is amazingly awesome, Tim. “It took more than 3 weeks full time work for the animator to complete.” Wow! What a great accomplishment. It’s a brilliant idea representing all the possibilities DNotes strives to accomplish as an inclusive and trusted name. Our challenge is that it may take us 30 years to complete all the tasks our animator so cleverly took three weeks to lay out – block by block; all strategically linked to create one super-system, in which everything in interrelated with many sub-systems – our ecosystems. That is a breathtaking display of the DNotes’ vision. Congratulations to you and your team for a job well done! Thank you very much for the kinds words DYNA. It is an extremely difficult ecosystem to visualise and animate in a brief video, or to animate full stop. Once people work out what we are doing, at the moment when the ecosystem is, at least partially designed and in plain view, it will become much easier to understand and DNotes may well be considered one of the most forward thinking projects of the early crypto-era (like I do). Nice job Tee-Gee! Can't wait for it to materialize! |
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If anyone had a chance to watch the CFTC/SEC hearing today in Washington, I'd be curious to hear your opinion. In my opinion, this hearing in general was positive for the future of cypto currencies. While still pretty vague in many aspects, there appears to be support for moving this technology forward. A majority of the concern was with scams and "unregulated" ICO's. While I couldn't agree more, I doubt many of these are in their jurisdiction. My hope, as time goes on, we'll see a self regulating body come to the surface. These blockchains are world wide, and obviously no one country can govern this space.
One of the points made, was how not one ICO has come to the SEC for their approval. I can only imagine the hurdles that must be jumped over to even get this far. I know the DNotes team has at some level, looked at this avenue in the past. Can you share your thoughts on what it would take to be the "first" company to apply for this ICO approval, and possibly why DNotes has chosen not to take this road? We see the many benefits of the Reg A+, title IV, tier II, mini IPO offering, however this approval process is expensive and time consuming. Could the application for an ICO, through the SEC/CFTC achieve the same results, and less headache perhaps, as what is trying to be achieved through the Reg A+, title IV, tier II, mini IPO offering?
While this would not offer DNotes Global Inc. the exposure to the OTC, and traditional market participation, could this be an alternative for future funding while gaining notoriety for being the "first" ICO application? Could it also cut down on the burdensome expenses, audits and compliance hurdles? What about a relationship with potential banking partnerships needed to move forward in the future? ie future exchange, on/off ramp. (Pretty sure I know the answers to last couple questions)
To take this a little further, as crypto currencies become more excepted and banks possibly feeling threatened and auditors not necessarily willing to risk their name on the dotted line, how could this effect DNotes Global Inc.'s ability to be/stay in compliance? Could an legitimate ICO eliminate this? (Is that an oxymoron?) Something tells me any path taken here in the U.S., will have nothing but red tape and hurdles.
I believe 100% DNotes is taking the right path, but my hope is third parties wont make it too difficult to achieve a third party-less system.
Didn't actually see it Denver Dan but, several of my co workers did and they said was pro Bitcoin. They will leave the market alone and concentrate efforts on making sure only legal ICOs are allowed and they will be regulating ICOs and Exchanges, a good thing, in my opinion but keep an eye on them! Overall very positive for crypto here in the US and countries that follow our lead. |
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The overarching point that I notice with the credit card restrictions being implemented by banks further proves the primary use-case of cryptocurrencies -- that your money (even if borrowed and liable) is your own, and that you can decide how you wish to spend it unimpeded by any third party. Cryptocurrencies enforce these financial freedoms at a protocol level, so if/when these restrictions move to general bank payments, it will only serve to increase the value of cryptocurrency networks. The interesting part in all of this, is that the banks never had the funds that they 'forward' to users to go and spend in the first place. Given that it is my view that the financial system is not in the most healthy state, my cynical side is hoping cryptocurrencies aren't going to be blamed as a cause of any economic downturn that may eventuate.
"People were buying too much cryptocurrency, and it was volatile, and then people began to default on their loans. At that point, it caused a cascading default on loans between people until even the bank couldn't meet its liabilities."
The operative word here is "people" as I see it. "People" will do dumb and impetuous things, we all have, it's in our nature. So, for the last 50 years or so, it's been fine to use your card for anything you want right? Including illegal items I might add. Has there ever been limitations on what you can buy with your credit card, other than monetary limits, at merchants who accept credit cards? No. So what's the real story here? The "banks" (in quotes because they are no longer banks, your "money" is not there, it's been invested or spent in ways you will never know about.) Are, for the first time, facing competition and they have no clue how to deal with it other than the "full frontal assault" because, I will argue, they are not "real" businesses, they occupy a sector of the economy that gives very little to no value back to the customer, they produce nothing, and they are not really needed. Banks are obsolete. But, you say, I can get a car loan, mortgage, have a safe place to keep my money, I need a bank! The only reason you need a bank is because banks have worked hard for hundreds of years to make you dependant. Just like a good drug dealer they reel you in a little bit at a time with promises of great things, fancy homes, new cars, money to take that wonderful vacation or, start your own business and live the good life. Credit, credit, credit, it's their life's blood sucking yours out. All without doing anything but signing on the dotted line. We are indentured servants, we pay and pay and die poor with unpaid mortgages and auto loans. What can we do about it? Inside the system, nothing, unless you want to live as a pauper and die broke passing your debts to your children. Outside the system, we can take financial matters into our own hands or, at least make more financial decisions on our own, keeping banks at the fringe of our financial world only because the rest of society hasn't seen the light. Crypto allows for this, if it survives and thrives. As with many things in life, we can turn to Shakespeare for the final note from Hamlet: "The lady doth protest too much, methinks" The Banks should embrasse crypto and start thinking about how to integrate it into their systems if they want to survive. Life is all about change, even rocks were away, nothing is permanent. Cut up that card! |
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