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1  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: April 16, 2014, 04:42:29 AM
Wow, that's just insane!

When Goldman Sucks wants to make money, they just give a call to S&P, Moodys, Fitch etc. to rate the credit-worthiness of a country down, interests rise untill they are unapayable for the country, and Draghi (Ex-Goldman Sachs employee and President of the ECB) prints new money and with the ESM and EFSF the rest of the Euro countries pay the depts directly to the creditors.

(of course the mainstream media states, the stronger EU countries rescued the bankrupt country and are now in position to impose economical sanctions, making people rush against each other, but actually the only thing they did is bailing out their own banks out of the risky credits)

It's just so easy to get peoples money, just inflate the depts away and steal 10% of their money every year.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: [Poll] What anonymous coin will succed? on: April 15, 2014, 10:15:54 PM
The "other" coin that will make it big is the one that thinks of the end user, which is the merchants.
Any coin that puts mining above all else is doomed!

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anonymous coin will be most useful in transactions where users do not wish to reveal their identity. So I think it will be big in totalitarian country.  Smiley
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats! on: April 15, 2014, 10:03:03 PM
To me, it would make more sense to classify bitcoin as a commodity.

It was always eventually to be taxed as either a currency exchange or as as asset. Both introduce challenges in terms of record keeping...but actually treating it as a currency would likely be more complicated for most people and in many cases not nearly as advantageous financially when time comes to pay the tax.

This is after all an electronic "smart currency"...it seems to me that there will be electronic solutions to this problem which will make the necessary record keeping required for most Bitcoin users rather invisible.
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