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1  Economy / Economics / Soil Coin - revolution in the food industry on: January 03, 2018, 06:30:39 PM
A promising coin that has not shown its activity for some time is again preparing for growth.
In telegraph chat rooms information is about the imminent growth of this coin.
Developers of the Soil Coin are close to signing a contract with a South Korean company CheilJedang, which is one of the leaders of the region's food industry.
At the moment, the coin is on the decline, so it's time to buy, right?
How do you think?
2  Other / Politics & Society / Australian government grabs money in bank accounts dormant for 3 years on: June 12, 2014, 04:19:33 PM

THE federal government has seized a record $360 million from household bank accounts that have been dormant for just three years, prompting outrage in some quarters amid complaints that pensioners and retirees have lost deposits.
Figures from the Australian Security and Investments Commission (ASIC) show almost $360 million was collected from 80,000 inactive accounts in the year to May under new rules introduced by Labor. The new rules lowered the threshold at which the government is allowed to snatch funds from accounts that remain idle from seven years to three years.

The rule change has delivered the government a massive bonanza with the money collected in the year to May more than the total collected in the past five decades combined. Between 1959 and 2012, the total collected was $330 million.

Leaving your money untouched for just three years could see it snatched back by the government. Source: News Limited
While the purpose of the laws is actually to reunite people with lost accounts before funds are eroded by fees and other charges, the lower threshold has been criticised as a budget cash-grab which affected accounts that were neither lost or forgotten.

Australian Bankers' Association chief executive Steven Munchenberg said the legislation was a “rushed” budget-boosting exercise which had transferred money set aside by people for their grandchildren's future to the government's coffers.

“We have grandparents who put money aside for their grandkids' future and farmers who have set aside money for a rainy day, but it was transferred to the government,” Mr Munchenberg told Fairfax Media.

Connie Franze, 68, and her son Vince, 45, told Fairfax Media they were trying to reclaim life savings of more than $12,000 that was taken by the government last June.

Ninety per cent of the accounts seized by the government had balances of less than $5000, although some were worth millions.

Lovely safe fiat.
3  Bitcoin / Bitcoin Discussion / What fund options do I have to invest my pension in bitcoin? on: June 01, 2014, 07:56:32 PM
I've got some money in a pension fund that I can't take out of it but I can select what fund it's invested in.  

What choices does this leave me with if I want it to be in bitcoins, if any?
4  Alternate cryptocurrencies / Altcoin Discussion / Scotcoin is a scam right? on: April 10, 2014, 12:49:57 AM
When i asked these guys on their own forum how they could justify a 98% premine and what incentive that left anyone to run the network they deleted my thread.  Twice.  Not a great start.  So I've made a self moderated thread here to show them how to have a discussion without deleting very obvious criticisms.

They say they're going to give out all the coins to the population of Scotland.  In the meantime presumably they have all the coins not yet given out in their possession.  This centralised group now also proposes to dish out coins to active miners above the block reward if they can prove they have had a machine mining for a month.

It seems to me like quite the scamcoin, aiming to cash in on the Scottish independence debate. This is such a shame as instead of making the England based developer a bit of money in a quick pump and dump, a crypto could have been an interesting proposition as part of Scotland's independence, where what currency to use is one of the main topics of debate.  

Anyone know anything about this coin? Any thoughts on it?
5  Economy / Economics / How will the crypto community avoid the issues the financial industry fails on? on: March 19, 2014, 11:40:36 AM
One of the key things that makes crypto appeal to me is that it offers a chance to replace the corrupt rent seeking behaviour of those currently in charge of the keys to finance. 

In what ways can crypto avoid the same greed that plagues Wall St?  Sure, the decentralised nature removes a lot of opportunities for rent seeking, but concentrated points of power will still exist in some forms leaving plenty of opportunity to abuse these positions for personal profit.  Crypto offers a great replacement for simple banking services and transactions, but I don't see much in the way of innovation and change in terms of investing.  I guess the increase in competition will help with this, but what if we end up back at the same point we are now with an oligopoly of massive corporations in charge.  Most industries seem to tend towards this in the long term. 
6  Economy / Economics / HSBC restricting cash withdrawals in UK on: January 25, 2014, 02:15:33 AM

Refusing to give customers the cash unless they provide an adequate reason.  People suitably unimpressed at having less control of their money in a bank than they thought.
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