China is perfectly capable of consuming the goods it produces and it has other countries to trade with besides US and Europe, the idea that China 'depends' on the US and Europe is neo-keynesian bullshit propaganda fed to us at an early age through state schools. China would actually be better off if it cut us loose because they are actually the ones holding our countries together with their surplus, how do you think we keep borrowing so much beyond what we can actually pay back?

We don't trade anything with them for the most part except worthless paper, let alone goods that are actually worth anything so how the hell are they dependent on us for anything? You should check out Peter Schiffs island economy story because it does an excellent job of explaining this kind of thinking in a correct way, no country actually 'needs' another country to consume its goods, especially when they're giving it away in return for nothing. It's not just China who are being scammed like this as well, it's Germany too as well as other places like India and Brazil that have raw resources, manufacturing etc.

Edit: Actually here you go: https://www.youtube.com/watch?v=IlWpGm9POwQ

If I ever needed an example of why you should always account for gravity when doing anything dangerous or experimental this is it.

That is the most fantastic quote about inflation I've ever read

Until they explode in a fireball because of something sparking and setting off the gas that is keeping them there, it's a really fucking stupid idea, even for America.

Oh look, internet drama.

Oh dear, another American believing in the amazing free market economy that doesn't exist  , stocks are not the better alternative, in fact, they could well be the worst, why? Because like government bonds they're just worthless pieces of paper. If you look at the most commonly traded stocks ( from what I saw it was telecommunications like Vodafone, not a typo that's just how they listed it ) you will see that most stock traders are riding the volatility of the stocks thinking they're stable. Look at their earnings, study their EPS and of course check the P.E's, there's also the most basic of basic stuff like what there revenue is, mining and oil is where it's at in reality and that includes gold because they're consistently making profits but the trade volume is low right now. I guarantee you though once the crises hits, all the stocks will go on a sell frenzy just like 2008 - 2009 and then the commodities are just going to go higher and higher because of all the inflation the governments are causing.

What you have to realise is as well that China isn't going to collapse either unless it lets the U.S and Europe drag it down, I suspect many western countries will end up like Greece is now, just about any other country that has a surplus and hasn't been doing phony practices which is what this is all really about will be fine.

You noob! Don't you know that only the federal reserve and their system has been hacked? The dollar is doing fine!

I'm sure a person who is an expert in security can explain this better than me but there is no 100% defence against hacking and I suspect with Bitcoin the hack attempts on peoples internet accounts etc. will only get worse, if you have a large amount of Bitcoins, store them offline and transfer them only when you're going to sell them off immediately and as usual the rule of "Never invest what you can't afford to lose" applies here too.

This reminds me that I need to properly look at how to store Bitcoins offline on a USB myself, then the only risk is on my own head for getting it lost or stolen.

https://www.youtube.com/watch?v=dw4MwZEHcuE - FOR THE EMPEROR! I'd also wear some knights armour perhaps to protect against them zombie bites

Anyone who ignores basic mathematics like Paul Krugman and his friends do shouldn't be allowed to make economic decisions beyond what type of milk and bread he wants to buy for the week, I don't think that was an admission but it was close lol

Why can't Americans even get retribution right? There's nothing worse for me than pricks who claim they're on the side of good or justice then go around shooting up the children of the people they claim to be fighting against. If I ever needed to explain why I veer more towards Anarchism, I'd say this is it, justice is bullshit, most people who claim to follow it are worse than the people who they fight against

lol That's what all the mob inciters say

Definitely Business, there are just way too many advantages to Bitcoin to ignore it.

My secondary reasons include:

. Pissing off the U.S government and my own, Every Bitcoin gained means no taxes for them and they can't do a thing, I actually wouldn't mind just donating to certain government departments like health though if they were willing to negotiate

. Truly international trade, I love the way Bitcoin doesn't discriminate like governments do

. Protection against inflation, it's always good to diversify and Bitcoin should be no different, even the most cautious investor should try having 1% of their wealth in this currency just to see how it goes

The Stateless - Not wanting to belong to any particular society or belief system or state, hence the term 'stateless', this person sees Bitcoin as one of the ways to actually achieve that as there are very few limits on when and where you can use Bitcoin compared to most conventional currencies which try to force people into their system if they want to use it

oooo! Actual math! I thought the ASIC's seemed overhyped to begin with nice post MaGNeT.

I'd derail this thread if I went into detail but trust me, the RPG systems just don't work when you want to have a balanced game, most people who claim they do don't really know what they're on about, you're always going to get people who charge in with the two handed sword of 20000 damage points completely breaking the game I do agree though that pay to win makes the whole thing much worse.

I'm totally stealing that idea for a manga now, it might work quite well >_< LOL

The only way you could get this to work in a video game is if you made it so that no one could spoof the numbers or anything like that, the problem with game currencies is they often have no limit and therefore no value, it's a game really and I think it should be treated like that. Plus I'm not a fan of pay to win or anything like that, pisses me off because it destroys game balance and rewards veteran players with cheats.

lol awesome if they're that easy to manufacture now though you can bet that people will build their own to take the government ones out, like I said, when you think about it, the logistics behind them are just silly, maybe now we'll start having wars like the game Supreme Commander with robots fighting each other for dominance instead of people.

I don't think it should even be in the off topic section, put it in the scam accusations board because that's what this is.