... I think it is on the move already  and up this time Against the US dollar? Are you looking at the wrong chart?  He's right, you know. Just a little bit more and we'll reach  |
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countries are not immune of making mistakes, the fact that they are making them doesn't change the facts.
its mathematically impossible for America to ever repay its debt which means that sooner or later it will either default or inflate it away... But YOU understand this, Robert Paulson! You, the clear thinker, are responsible for warning all these n00b countries about the costly mistake they're making! Call them all, in alphabetical order, you can even call collect--ur worth it. Just say "Mne pogovorite s El Presidente Altisimo, gospodin! Tres importante!"--that's international politician talk, they'll instantly know what to do. Go forth and speak your great truth, Robert Paulson! For No man, when he hath lighted a candle, putteth it in a secret place, neither under a bushel, but on a candlestick, that they which come in may see the light. Help us, Robert Paulson, ur r oly hop!  |
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My special friend, of course the drug trade is srs bznz, but don't confuse the real drug trade with the neckbeards trading on TOR.  Ok, some dudes here might spit out some random numbers and glorify Silk Road and all, but your idea of Tor black markets as some joke by a bunch of crackheads on the internets is made up either. I'm just laughing @ what Robert Paulson thought the volume of those markets was. 321 Billion dollars  Can you imagine? |
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Lol, I never said no one would like to be his own bank. You, for one, clearly do. I'd advise against it for now, though. For now, just focus on learning the difference between statements of fact and overbroad generalizations.
Ok, who is saying who is guilty of overboard generalizations here? I never said I wanted to be my own bank. Nor did I say that you thought nobody would want to be their own bank. My comments weren't even directed exclusively at you. Check that vanity. The point I was making, is that while you and some other individuals enjoy easy access to credit, or might not be interested in being their own bank, there are others without all the same services and conveniences that would find the prospect to do so very liberating and highly beneficial. Making an argument that bitcoin has failed; it has no use; every function is already sufficiently provided for by another service so nobody could possibly want it is a very short sighted, ill-conceived point of view. Before you can feel accused once again, I'm not implying those perspectives are your own, but they are present here and using parts of your comments served to illustrate a point. Taking a line out of context "to illustrate a point" you knew I wasn't making? Manipulative and dishonest  *If you do not wish to be your own bank, Bitcoin, as a payment method, is probably not for you. I apologize for assuming you wished to take banking into your own hands, as you feel the great unwashed should. Speculating about Bitcoin's hypothetical future advantages to the poor and teh undertrodden is fun, but those are just that--speculations ungrounded in fact. We might as well speculate about Bitcoin's hypothetical future usefulness to our Beneficent Lizard Overlords. Thus far, neither the poor nor Our Mighty Lizard Rulers (Long may they reign!) are flocking to Bitcoin. On top of all that, the poor and undertrodden with smartphones, net access and laptops aren't so poor, and are likely to have better access to conventional money services. The quoted line, restored to its proper context, suggests that USD crashing to zero would be a cataclysmic event, while BTC tanking would, at worst, cause srs lulz.
Did I suggest the inevitable demise of USD... No, you did not. The intended recipient of the line you quoted did. That's why context is so important. Without it, easy to get confused |
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@Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you? Srsly, go back to school or study for a GED  i understand how international commerce works perfectly fine. the US is borrowing USD with every bond it sells. the data is clear, the US is running a huge trade deficit on top of its already huge debt to the rest of the world. if the world stops loaning, the US has to start printing 40 billion every month and hope that the rest of the world is stupid enough to continue accepting it as payment. Robert Robert Robert... You keep forgetting that we owe nothing but worthless dollars, dollars dat are "already dead," as you so poignantly pointed out. Dollars you'll certainly agree we just print by the boatload. Not much of a debt, amirite? *And no, you don't understand economics. Let me explain it to you in terms you'll understand: 1. You have lent Anon 1 BTC. 2. Annon now owes you 1 BTC. 3. Anon, as is customary in Bitcoinland, tells you he ain't got it. Who's got whose balls? only in this case if Anon can't borrow anymore he can't pay for any imports anymore and goes hungry. So... Of all the idiots running all of the governments of the world, no one has caught on to just how scammy teh US dollar is? Only you? 'Cause US has no shortage of trade partners, so "Anon can't is borrow[ing]." Our dollar is doing surprisingly well this year  ...especially rel. BTC :p they all caught on to it, that's why they are all working on getting rid of the USD in international trade before dumping it on the market. https://en.wikipedia.org/wiki/New_Development_Bankhttp://www.bbc.com/news/business-23020718If other countries are on to our scam $, why are they still trading with us? You wouldn't keep lending Anon money after learning he will not (and can not) pay, would you? Nvrmnd, you probably would |
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My special friend, of course the drug trade is srs bznz, but don't confuse the real drug trade with the neckbeards trading on TOR. |
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@Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you? Srsly, go back to school or study for a GED i understand how international commerce works perfectly fine. the US is borrowing USD with every bond it sells. the data is clear, the US is running a huge trade deficit on top of its already huge debt to the rest of the world. if the world stops loaning, the US has to start printing 40 billion every month and hope that the rest of the world is stupid enough to continue accepting it as payment. Robert Robert Robert... You keep forgetting that we owe nothing but worthless dollars, dollars dat are "already dead," as you so poignantly pointed out. Dollars you'll certainly agree we just print by the boatload. Not much of a debt, amirite? *And no, you don't understand economics. Let me explain it to you in terms you'll understand: 1. You have lent Anon 1 BTC. 2. Annon now owes you 1 BTC. 3. Anon, as is customary in Bitcoinland, tells you he ain't got it. Who's got whose balls? only in this case if Anon can't borrow anymore he can't pay for any imports anymore and goes hungry. So... Of all the idiots running all of the governments of the world, no one has caught on to just how scammy teh US dollar is? Only you? 'Cause US has no shortage of trade partners, so "Anon can't is borrow[ing]." Our dollar is doing surprisingly well this year ...especially rel. BTC :p |
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...@"TOR black market is srs bznz" crew:
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
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I'm welcoming you back to the forum. Was a bit worried for you after you vouched for Ken and disappeared for over a year. How'd that whole Active Mining adventure work out 4 u? Still keepin' in touch with Ken? I never went away. How about you check my profile before you open your mouth. Also you should actually try reading my report! I talked with Ken for a few hours and he seemed like a nice guy. I reported back what he told me and what I saw. People wanted to know if he was a real person and see some pictures. Once BitFunder went down, I never looked back. I have no idea what happened with all of that. I lost quite a few coins and I'll never get them back. If you have anything legitimate to say, I'll be here waiting. Lol, just making polite conversation, you sure didn't post in AM threads since that warm endorsement. Sorry I missed the 8 posts you made this year, I'll be more diligent in the future. BTW, if you feel like sharing, whose alt are you? Just between us? Only no fibbing |
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@Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you? Srsly, go back to school or study for a GED i understand how international commerce works perfectly fine. the US is borrowing USD with every bond it sells. the data is clear, the US is running a huge trade deficit on top of its already huge debt to the rest of the world. if the world stops loaning, the US has to start printing 40 billion every month and hope that the rest of the world is stupid enough to continue accepting it as payment. Robert Robert Robert... You keep forgetting that we owe nothing but worthless dollars, dollars dat are "already dead," as you so poignantly pointed out. Dollars you'll certainly agree we just print by the boatload. Not much of a debt, amirite? *And no, you don't understand economics. Let me explain it to you in terms you'll understand: 1. You have lent Anon 1 BTC. 2. Annon now owes you 1 BTC. 3. Anon, as is customary in Bitcoinland, tells you he ain't got it. Who's got whose balls? |
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I'm welcoming you back to the forum. Was a bit worried for you after you vouched for Ken and disappeared for over a year. How'd that whole Active Mining adventure work out 4 u? Still keepin' in touch with Ken? |
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... My bank account is protected by FDIC. I also don't keep more than the insured amount in my account--that's stupid.
... No, it solves a problem that you don't have. No, none of you are interested in being your own banks. Of course, you would never think of putting more than the FDIC insured amount in your account. But this isn't about any of you. Your living conditions, opportunities, the way you think or behave is very likely NOT shared by every one of the other 7 billion people on the planet. You all seem to suffer from the same projectionist delusion. Stop the generalizations and this ridiculous either/or argument. Credit Card OR Bitcoin? Bitcoin OR Fiat? ... Lol, I never said no one would like to be his own bank. You, for one, clearly do. I'd advise against it for now, though. For now, just focus on learning the difference between statements of fact and overbroad generalizations. I never suggested that CC and BTC are mutually exclusive. I have both I did say that inca's smartphone e-payment scenarios didn't require BTC at all, and could be implemented today with an ordinary bank account. I then mentioned that CC is far more useful in realtime transactions, because confirmation delays intrinsic to teh protocol. I'd have to explain to most folks what BTC *is* before asking them if they cared
Or what of the immigrant workers sending money overseas to family? That's a $500+ billion market being relegated to an antiquated, monopolized, overpriced and time-protracted industry. ... It's important to keep things in context--another skill you should hone before "becoming your own bank." The quoted line, restored to its proper context, suggests that USD crashing to zero would be a cataclysmic event, while BTC tanking would, at worst, cause srs lulz. See? @Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you? Srsly, go back to school or study for a GED |
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bitcoin is backed by TOR black markets, as long as people buy drugs on the internet bitcoin will have value.
the USD is already dead
...  |
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^ Why in the world would my govt. do that? Will it also snap up all the Litecoin? And Doge? And every shitcoin? Will my government also buy up every autumn leaf? I know you don't think much of gubermints, but buying up 90% of BTC? Just how overinvested are you? |
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Again I ask: why should that have anything to do with the price? The price of Euro's doesn't drop if some credit card details are leaked or some bank accounts fished.
Because your credit card company guarantees your CC account. It gets hacked, you lose nothing. Bitcoin gets hacked? A different story  So the credit card companies losing money on this is a much much better reason for the price of the currency to drop than the loss of money for some (foolish) consumers. We are comparing BTC to [your_fiat_of_choice] here. The risk of BTC being hacked is your direct risk--you get hax0rd, ur muny's gone. The risk of a CC getting hacked is indirect, an insignificant amount of fiat of the "fiat market cap" gets owned. Besides, you think they print that shit at will anyhow,, so how much dif. could a finite theft make? Besides #2: Them banksters are prob'ly running Windows=no bash We also know NSA has a back door & will instantly pwn the cr00ks If you can't see any difference between the two... |
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Again I ask: why should that have anything to do with the price? The price of Euro's doesn't drop if some credit card details are leaked or some bank accounts fished.
Because your credit card company guarantees your CC account. It gets hacked, you lose nothing. Bitcoin gets hacked? A different story |
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... Be sure to sell them at some point. Doge, just like fiat, will be inflated indefinitely and is therefore inherently worthless. Have fun speculating Bitcoin will continue to be inflated throughout your lifetime |
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At least fiat is backed by state sponsored terrorism
Bitcoin is not
You have no guarantee with cryptocurrencies
You also have no guarantees with fiat. Yes some guy claims it's guaranteed but that's not worth anything. The difference being that if USD fails, US, as we know it, also fails. Bigass problems, blood in the streets. If BTC fails? No one notices |
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^Bro, do you even world economy? I'm guessing your entire economics knowledge is based on a couple of "Money as Debt" ut00b vids. |
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