It's not really profit, it's like if I gave myself a $1,000 loan and charged myself interest. The interest I collect on myself really isn't profit, it's just passing from one hand to the other.
The US citizens end up with a huge debt and the Fed makes a huge profit. It's faux profit. Who is the profit going to? The profit is in keeping the interest rates low so the banks make money. The profit isn't in the interest income itself. It's not faux profit. It is the interest on printed money, so basically it is stealth-taxed from all holders of the US$, both domestically and internationally.
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I'd have to imagine that given the fees involved, most of their clients are going to be long-term holders.
Their fees are much lower than the expecetd changes in BTC price. If an investor believes that BTC may lose 10% of its value in the next year (or whatever time frame he cares for), then he would probably want to liquidate now. If I read correctly, the value already dropped from ~85$ to ~62$ over the last month. So why not wait until it drops to ~$50 and then it really really confirms that the time is to sell? The fact is that SM investors are professionals who know the principle of buy low & sell high, and they also take a long-term view: 2+ years. The current dip is nothing but noise in the long-term view.
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You did it with a low post count, I must be due soon too.
You are 476, just shy of the required 480.
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I like you when you are feeling optimistic!
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Yes. So anything above $600 in April is a breakout?
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Here we go!
Trains, dead bears and rocketships time again.
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I have had the AnonyMint on ignore for months now and my experience of this forum is much improved. Shame that quotes still occur, however.
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No! Thread no.47 on this subject gets the same answer as the others: blacklisting bitcoins will destroy the value of the currency.
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Yes the media makes them seem like part of the Gov, but they are not.
Most of the Fed profits are handed over to the US Treasury, so it knows who the boss is, but Congress is treated with contempt by the Fed.
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Involuntary takings are theft regardless of who is doing the taking.
Or how. Taxation. That is the obvious one. I was also considering inflation. Yep. And to think that in 1900 both were insignificant for ordinary people. I consider that it is only the explosive growth in science and technology, maintaining living standards, that such a deleterious economic system (inflationary fiat, FRB, debt-money, excessive taxation) has been workable. Thus far.
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Involuntary takings are theft regardless of who is doing the taking.
Or how. Taxation.
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Don't know but I imagine the most popular list is manually maintained.
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Thanks. Those threads are definitely of interest.
Reading them made me realise that a really good application of this idea would be to build a distributed altcoin exchange. ...
http://mastercointalk.org/index.php?topic=108.0Not a DAC but it will be interesting to see how it does.
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