Oh yes, when the value of asset decreases by a factor of 3 in one year, this is truly perfect store of value :lmao:
As they say, you need to have a long term view.
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The printing part cannot be disputed by anybody. It seems to have gotten a lot worse, with QE by different countries.
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This shouldn't affect bitcoin's price. Taxes are the same, whether your transactions are denominated in fiat or in bitcoin.
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having a nice diverse amount of fiat, metals, bitcoin and alternatives crypto is always a great idea... but 100@% stupid to be all in as some people say... fiat is more stable
People whose purchasing power has been eroded because of inflation wouldn't agree that fiat is more stable.
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Paying taxes give you access to services from your country. When those services are of low quality people should get things in their hands and start looking at how their money were spent. This is not something we can do today because of how shady our political system makeg things, with cryptocurrencies everything would be at advatange of people.
I doubt if the political system will be changed because of crypto-currencies. We get the politicians we deserve.
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Regulators are supposed to ensure that banks stay honest. Hopefully, these huge fines imposed on banks serve a purpose and banks have learned their lesson.
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Well at least they understood where the payment world is going, it's an attempt, even if a bad one. Maybe it's too soon to say if their system will work out to be at least decent, but I'm fairly confident it will smoothen the transaction for the general public towards Bitcoin.
I wouldn't say that apple pay is necessarily a bad attempt. I would say that it would have all the same costs associated with making credit card payments, however it does not have any disadvantage that using a credit card does not already have. I would say it is a long term good thing for bitcoin because it will get people to be comfortable spending money with their phone which will get people comfortable using bitcoin with their phone. I think it will have additional costs compared to credit cards. Apple will demand its cut too. Finally all these costs will be passed on to consumers.
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USA can certainly pay, with their FBI forfeited BTCs. The bondholders must be willing to accept BTC for their USD paper.
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No, not in my lifetime I say.
Unless you are over 60, I would venture that you are wrong.
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Is very interesting to notice that majority of bearish opinions come from US, while majority of bullish opinions are overseas. The main drive for this is the shale oil revolution, which is being minimized in the public channels so US can take a huge leap forward. Meanwhile, EuroFlowers go riot because they think shale is going to poison the Milky Way. The second drive is that while in Euroland, Russia and LatAm are driving towards a neo-socialism (which means rigid labour, low productivity, subsidies and general misery) US and some Asian countries are still waving the business friendly flag. As some pointed here, Stock Market is useless. Its pretty disconnected from reality since 2010. But you will live much better the next 10 years in USA than in any euro country, thats a fact. And im under the blue starred flag... Stock market is a useless barometer because of QE, but I guess at some point it is going to have to reflect ground reality. There will be a bloodbath when the correction occurs.
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0.05BTC enrollments will now be subject to a fifteen-day evaluation. If less than 10 qualified posts were made, or a 7 day period with no qualified posts elapsed, the enrollment will be immediately vacated and barred from the campaign. Full and Member enrollments are also subject to the additional requirement that they may not have a 7-day period with no qualified posts. This won't affect 0.1BTC enrollments (yet). Anyone hoping for sudden openings can thank hotsaucee forI wasting a slot this month and giving cause to this change.
Hi Stingle, Do you think offering a small bounty to people pointing out rule violations would be a good idea? Might serve as an early warning system and slots could be vacated earlier. I noticed that the user BITCOIN has not made any posts for the last 23 days. I don't think he is going to qualify.
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I agree that it is going to be a better store of value in the long run and will probably stabilize at some level. The problem is for people who enter in when there are bubbles. They might not find it to be a good store of value.
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The important thing here is for the US to play a balancing act. Any moves too big make people start to question how the system works and causes them to think critically about the cycles in place. As long as everything seems professional and above board and with oversight and thoughtfulness, it will pass over.
This coupled with the very low rates of corruption in the United States make it seem like a paradise compared to the largesse you find in navigating resources in lots of other countries. As long as the system seems solid and grounded, and as long as the military is big enough to thwart everyone else, and as long as people will keep borrowing dollars.... well you get my drift.
Corruption levels in the US might be low when compared to developing countries, but it is still not insignificant.
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Yuan to Start Direct Trading With Euro as China Pushes Usage http://www.bloomberg.com/news/2014-09-29/yuan-euro-direct-trading-begins-tomorrow-as-china-promotes-usage.html But then those 'commies' have also blown the largest debt bubble of all time in just the last several years worth of time. So NO, I wouldn't dare care for any phony yuan money anymore than phony dollar money. Their both PHONY CURRENCIES, and horrible 'stores of value', and their both being counterfeited to the extreme. Only delusional types would support such insanity. Or any other debt-based (phony baloney) currency. Replacing USD with CNY would be a bad idea. The USD is at least freely convertible. Bitcoin would be the true successor.
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Wow.... Thanks for the unexpected bonus. Really appreciate it.
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Sorry, I show you're enrolled in another campaign already! I also show you intended to remain enrolled in it as of two days ago (see your recent post history) so I have notified the manager of that campaign that you are not currently using their signature. Since you acted in bad faith toward another campaign, I have to bar you from this one.
Hi Stingle, I really appreciate your thoroughness in checking post history. I would just like to point out that my previous signature campaign was cancelled unilaterally by the campaign manager (and without payment !!). So while I very much intended to remain enrolled until the end of the campaign, I really didn't have a choice. You can refer to this post - https://bitcointalk.org/index.php?topic=831294.msg9366374#msg9366374 and cross verify this with the opening post in that campaign thread. I request you to reconsider my application.
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