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It is a theory but it would still probably be bad for Bitcoin to be banned
Imho, it would actually be good. It would help to get rid of speculators, and instead all of those who would risk using it are the legit users, who are not only into cryptocurrencies to make a quick buck. Understand your reasoning but massive adoption will be postponed if Bitcoin was banned It is hard to speculate because we don't know the world we'll live in in 10years after the western financial collapse and the USD collapse |
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It depends on are you talking long run or short term, freshly out of college, freshly out of high school?
I would say this:
A person who goes to work for 4 years after high school and gets experience
Versus
A person who goes to College and pays for it and then gets a job:
A person who is working not only will have a lot more money, but they will probably be earning more than the college person at that time.
I would say 5-10 years down the road....the college student will start making more money....and after 15-20 years...the college kid will have more money than the high school grad...
Yes agreed 5-10 years to make the same money and at least 20 to have make more debt/lost income taken into account but we compared orange to apple because college students are smarter, more connected, more eager to suceed and from more affluent families as a group |
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The financial crisis took out a few players (banks / investment banks) in the credit market. The absence of these financial intermediaries would have resulted in lower credit being available to main street. Rates would also have risen, with banks not willing to take on additional risk. QE was supposed to ensure that this did not happen, by making ample liquidity available in the system.
So, in the worst case, QE just didn't work out since there was not much demand for credit from the "main street", but it didn't make it worse either, right? It hasn't made it worse, but its efficacy was low. QE and low interest rates postponed the crisis but it is going to be worse and will probably end up in hyper inflation and wars I really don't see QE and wars being linked, especially since most of the modernized world has engaged in some kind of QE (neither wars fought with military or economic/trade wars). Also the fact that banks are keeping the majority of the money they get from QE as excess reserves at the federal reserve is preventing inflation from getting out of hand. Fiat allows bigger and more expensive wars; QE and low interest rates is a way not to be honest about the situation and to hide the problems for a while; when the problems will come back and be bigger, the politicians will not accept it and say they were wrong. QE+low interest rates manipulate the markets heavily which can come back in the form of frustration, protests or wars. In the US the politicians tend to regulate for the big banks and the big corporations such as the military industry; wars are good for the former so wars are made. Politicians are often sociopaths who want to control everyone so they are likely to start wars when their fallacious economic actions are unsucessful Fiat allows bigger and more expensive wars than what? I agree that poor economic policies can lead to wars, and that QE and low interest rates, when taken to excess, as it seems they have been, are poor economic policies. But I don't think that politicians (at least most of them) just try to start wars like that. When a country's economy collapses, that generally leads to a lot of unrest as the vast majority of people really get screwed (see Greece). Some politicians may try to deflect that angry sentiment to their neighboring countries, which could lead to wars. But I don't think that (most) politicians sit around trying to figure out how they can start wars. Than no fiat Agreed that most politicians probably don't just try to start war : politicians do things that lead to wars and are manipulated by people that want war, it is very obvious in the Ukraine situation |
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When I realized that poll options are being added from comments on the thread, this thread lost all semblance of sanity. Or, it tries to represent the ever-growing blockchain as an ever-growing poll. New thread idea: What happens when the poll in this thread gets too big?
Oh yes just realised it, it won't work because there are too many options and the quality of the responses is not taken enough into account |
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As rpietila said, we are at the bottom and in my opinion a long and fast rise will start earlier than most people thinks.
We don't want it to go up to quickly that would pretty much end badly we need gradual increases in price. So far, the patern has been to fluctuate a lot then go up very quickly in a short amount of time and it is fine and fun |
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The problem with bitcoin is you require a connection that could crash at the first decent surge of power..
The second problem with bitcoin is the people that dont want to part with any (The MAJORITY of holders..) thinking it is worth more than something that has lasted as long as it took to make.. nah..
To think the internet will last beyond the last remaining tree, oil, gas, whatever you power your toys with is insane.. I highly doubt the internet will be here in any 'useable' form in the next 100 years..
Surely the human race is creative enough to find a new source of power when, has you say, there won't be any remaining trees and oil (which shouldn't happen before all of us here will be dead anyways..). I mean, a small solar panel is enough to power the equipment required for a user to access the internet. Totally agree.. but after big brothers offensive against mankind, aswell as every other life form,that end is coming sooner than the last btc will be mined, if not in our lifetime, in our kids for sure.. Mankind is stronger than these handful of big brother wannabes. They can only get their power with the consent of the population; surely revolutions would happen if they were to do such drastic actions. People are likely not to show revolt if they think chaos would be worse than the present stability or if their family would be threatened or if there is an exterior enemy that is causing the problems |
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Big new orders between 450$ and 470$ on finex.  looks like some long squeeze fatalities want their coins back at a similar price to the sell. about 13k btc in longs have been closed/liquidated last couple of days so Finex has a major mountain of fiat rocket fuel. Interesting times ahead. You would think this fiat is going to the market again + new adopters + less selling in the end of 2014 or early 2015, the anticipation of the next mining reward halve will also push the price up Before that, we may be heading to 400s again |
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So this forum is getting a makeover? Cool, I look forward to it.
I don't get why they didn't just fix the exploit, I'm a programmer and it can't be that hard to fix -.-
Yup. No idea at all... better leave avatars only for users registered long time ago...
What about making it works similarly to the sig space, ie. less restriction for higher rank? Like, if you are newbie, you can't have avatar; if you are jr member, you can pick an avatar from a default list; if you are a member, you can upload your own avatar, etc. Apparently there was a technical problem about avatars that could be exploited At the moment some people buy old newbies accounts created to be able to have an avatars; when avatars will come back they will be worthless; maybe we'll be able to advertise through avatars to get an additional revenue from our posts  |
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I think this place is the only definitive and well rounded place to discuss bitcoin and get all the news. I've never been a fan of reddit.
Used to get bitcoins news there; it is different than here and you get the most discussed topics on top with a more elaborate OP message that looks like an article |
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Blockchain getting big; quantum computers; power grid failure are not as potentially harmfull than a government ban for the price because they are problems that can be dealt with with a long term solution
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depends on the danger for what... i stumbled upon this pic some time ago  if we go for animals killed by animals i'm sure humans are top of the list. Haha interesting picture, it gives an idea of where the truth stands in terms of animals killing humans |
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This really does need to happen as it will be really big for bitcoin when it does. The only problem is companies only seem to be talking behind closed doors and we do not seem to be getting half as much information as we could do for something like this. Once someone like Ebay starts accepting it's almost guaranteed that places like Amazon may follow in suit.
Possibly; Dell and Expedia accepted it lately, the price didn't go up People are getting way too impatient with adoption and the price, it will come soon enough guys! |
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bitcoin is flexible and it can be considered as both currency and also commodity.
Yes, it can be both if it is used as such but you would think it will end up being mostly one thing |
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Tea parties are not racist
Libertarians are in favor of immigration
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there's one obvious reason why there will always be countries --> so many different languages
people can't talk to each other aka. unite in 1 country
With the internet they can unite under a common language  What are you? 12?
Get real buddy
What are you, 50? You must be if you've lost all of the optimism that every human being is born with. Nope but 9gag is literally for children. This post is about the picture, and not about the source where it was found. It is a decent post and 9gag can be funny, at least one post every 10-15posts that are about Super Heroes |
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You made the best decision paying it off. When everything goes to shit you don't want to be owing the Banks or the Government anything. They will roll over you and take everything you have. Be sure to have all ownership documents in order, to prove without a doubt everything is paid off and legally in your name. I was so eager that I paid off a 4.4% $150k 15y mortgage in a few years. now some people are analyzing and suggesting that i should have run it out.
thoughts?
In case of massive inflation and you have a fixed interest rate it is a good thing to have loans and real assets |
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There's always going to be a certain amount of bitcoin activity around, just like there's a certain amount of criminal or drug related activity around. However much lawmakers would prefer to suppress or eliminate that activity, there's always a percentage of people who'll make up their own mind on what they choose to do irrespective of what types of behaviour is preferred or expected. The main issue with bitcoin is that without formal governmental regulation, it exists on the fringe of society, much like criminality or drugs and with bitcoin occupying the shadowy world between legality and illegality it doesn't provide confidence to those potentially interested parties who would be willing to get involved or those that want to increase their involvement and move forward strongly with the currency. There's an oft-used phrase in financial markets, "Business hates uncertainty," and there's absolutely no doubt that with bitcoin being essentially unregulated, the lack of clear, accepted international financial, tax and capital gains valuation and reporting mechanisms present substantial headwinds to the continuing growth of the unit. Bitcoin might not be dying, but isn't thriving either. What do you want your investments to do? Do you want them to thrive or do you prefer to have doubts about even the viability of bitcoin? Beware the regulatory hammer that may criminalise your coins at the stroke of a pen. Remember FDR's gold debacle of 1933 and ensure that you're suitably diversified. There is no move on criminalizing Bitcoin, even in China, and there are countries that are Bitcoin friendly, like Denmark, Germany and UK. Also there are already norms about how to handle taxes and report bitcoin gains, in USA and in other parts of the world. May not be the best laws, but they can be improved over time. We are not one year ago, Bitcoin is not an investment in the gray are between legality and illegality, at least not anymore since the Silk Road auction. I don't think US would sell something they are about to make illegal. The doubt now is how(and not if) Bitcoin will be regularized in USA and around the world. Countries making Bitcoin illegal would only trigger a flash-crash; cryptocurrencies would survive through TOR, just like alcohol has survived through prohibition. It gives benefits that many wouldn't mind breaking the law for. It is a theory but it would still probably be bad for Bitcoin to be banned |
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Few facts :
-Most Israeli don't support their government actions like the British, French or Americans don't support most wars made by their politicians
-Israel is stronger than Palestine since its economy is extremely more advanced, they received money from oversea and their armee is quite strong but they are actually weak in a long term perspective because a lot of people hate them, especially from countries around them
-All countries would protect the surrounding of a their city if they were bombed daily, at least hope so
-Hamas is the worst for Palestine
-Reports on what is happening in Palestine is not facts, including the number of innocent civil casualties
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