|
I would say Japan already is the capitol. I have a friend going there next week and I gave her some BTC to try spending. When she gets back She is going to report on how many bitcoin signs she sees.
|
|
|
|
I do. However the most important attributes of any money I would use are:
1. Decentralized ledger.
2. Open source code.
3. The inability of any entity to have greater access.
Such a coin would be a Frankenstein monster that the banks could not control. It may just come back to hurt them. And how are they going to make money from this system? Who is paying for all the infrastructure? And why would I use a banks coins when I could have universal money that works in any country?
Sure, my point is that many people have heard about bitcoin and banks could potentially use that to attract investors to their own versions. The average investor would not understand a s*ht nor give a FUCK (token) if they just tell them that is "like Bitcoin but better". You are not wrong. Some banks or financial company will probably start to create their own crypto token and market it as the future Bitcoin and sell it to unsuspecting investors. This is akin to the structured products during the sub-prime crisis.. we all know who are these guys who will create such products. They will probably come up with their own token and claim it to be the best.. after they spent enough time bashing down btc. Investors who do not know better will buy their products/tokens and make these financial firms/banks rich again. That all makes sense to me. But those who do buy the Bank of America coin, or whatever, are going to have buyers remorse. If they create a bitcoin like model, then it will be bitcoin with an additional mouth to feed and limited use. I think it will be hard to compete against other cryptos. |
|
|
|
|
I do. However the most important attributes of any money I would use are:
1. Decentralized ledger.
2. Open source code.
3. The inability of any entity to have greater access.
Such a coin would be a Frankenstein monster that the banks could not control. It may just come back to hurt them. And how are they going to make money from this system? Who is paying for all the infrastructure? And why would I use a banks coins when I could have universal money that works in any country?
|
|
|
|
|
Where is the option for less value than now? Maybe it will be $500 by the end of the year.
|
|
|
|
|
The banks sound a little scrambley these days. They should be afraid, very afraid.
|
|
|
|
Tether is what happens when you "tether" good money (bitcoin) to shitty money (USD).  |
|
|
|
Wow, look at all these fearful threads. I smell profit.  |
|
|
|
A whale is like God for the unsophisticated trader. A guy nobody has ever seen but must surely be responsible for all my losses. |
|
|
|
Ah yes, the mythical whale. Kinda like god for traders. we never see him, but he surely controls our lives.  |
|
|
|
Such a downer sentiment. I love that. I can smell the blood on the street. It is time to buy. Anyone wondering how I keep ending up with your money should understand a basic principle. You don't get much following the crowd. When people are panic selling like now, I buy. When everyone is buying at any price to keep from missing out, I'm selling. It works in other markets also. I am killing it in the stock market today because of the same kind of panic selling. |
|
|
|
|
That is a you question man. No one can answer your investing question because the answer is unknowable by any of us.
|
|
|
|
|
Very interesting listening. And a little disturbing. I looked like a discussion between Amish buggy drivers about how a fuel injection system works in a race car.
|
|
|
|
Who is Nouriel Roubini and why should I care what he says? lol, everyone is an expert now.  |
|
|
|
Bitcoin IS legal in 95% of the world, i do not think that legalize it in the rest would do such a big change
I'll second that. It has always been legal where I live. |
|
|
|
|
Did anyone actually believe Tether was backed by dollars? On it's face it's a laughable idea and any diligence at all would reveal that they can not back all the coins produced. Only do business with legal companies. Unless you completely understand the code, don't mess with alts.
I would guess tether is done for. Even if they wanted to pay everyone back they could not do it since they owe dollars and all they have are greatly devalued coins.
|
|
|
|
Government has enslaved people to continually work for them.The elites who
hijack political powers with their influence are the ones imposing these taxes.
This is the major reason decentralized block-chain technology came into fore
to eliminate the injustice of banks,government laws and restrictions observed
globally.If the tax is fair, well and good.But if very heavy and unfair, i simply
relocate to elsewhere for a better deal.
Agreed. Shocked at how many people here support paying taxes. When you give in to the fear of the consequences that happen after not paying taxes, you are supporting the injustice of banks and governments. So you think others should pay your bills? How do think the roads get repaired? You leaching off people. If you think you have a better idea about how to run a society then please tell. But make no mistake, you are not being a hero, you are being a deadbeat who would rather stick his neighbors with his share of the bill. |
|
|
|
Yes. it's going to die. A bitcoin genius told me so. Now go home. |
|
|
|
Asking is not going to get you a sensible answer. Nobody has any information that you don't have. Just make your decision then forget about it. Plays don't ask, they make the play. |
|
|
|
|
Next challenge. What is the second largest cat in Africa? First response in this thread gets a prize and a clue.
|
|
|
|
For money? Man, get your priorities straight.  |
|
|
|
|
Show Posts
