I agree. I would only say that the USD collapse might be a little ways off. I'd say in 3 to 5 years.
The petrodollar is rapidly declining, plus Europe is looking more and more like its gong to blow up with banking contagion that will go global. We don't know the timing it could be years or months but I'm convinced it's about the most obvious way to become wealthy I can think of. Buy some Bitcoins and simply forget about them for a few years. Hate to be a debbie downer but the USD dollar is pretty strong right now. http://www.kitco.com/news/2014-12-16/US-Dollar-Strength-Likely-To-Continue-In-2015-As-US-Interest-Rates-Normalize_Debbie.htmlSo the world economy is in the clear. Hip Hip Hooray....Hip Hip Hooray.... Jim Willie a guy I follow has said when the financial system breaks down expect a sharp rise in the dollar. Its counterintuitive but it's a viewpoint. Don't forget 2008 saw a rapid rise in the dollar, I'm not sure it's a sign of confidence. Anyway the petrodollar which has more dollars outside the U.S. than in is the real place it is collapsing sending US dollars home and the inevitable inflation that comes with that. There's a big difference if you have been following the Macro Economics of the world this year, the US is having it's largest spike in jobs since 1999 that and with the GDP rising to the best in the last ten years. The EU is having trouble with debts because derp derp greece and China is having issues due to a lower class that wants to be middle class and a weaker euro that's coming in. Also the drop in gas during the holiday season led to a nice spending boost and gave smaller business a bit more profits in the US this year, yeah the world economy is a bit shakey but like you said "the petrodollar" is not failing, at least it is not failing for now. You might want to look deeper than the 'facts' of a recovery in the MSM. For one the participation rate in the US has never been worse for decades. And if you think the petrodollar is A ok then Google anything about about direct currency swaps deals between particularly BRIC nations. Don't forget this is after trillions of debt has been pumped into the system at zero interest rates. http://www.shadowstats.com/alternate_data |
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I agree. I would only say that the USD collapse might be a little ways off. I'd say in 3 to 5 years.
The petrodollar is rapidly declining, plus Europe is looking more and more like its gong to blow up with banking contagion that will go global. We don't know the timing it could be years or months but I'm convinced it's about the most obvious way to become wealthy I can think of. Buy some Bitcoins and simply forget about them for a few years. Hate to be a debbie downer but the USD dollar is pretty strong right now. http://www.kitco.com/news/2014-12-16/US-Dollar-Strength-Likely-To-Continue-In-2015-As-US-Interest-Rates-Normalize_Debbie.htmlSo the world economy is in the clear. Hip Hip Hooray....Hip Hip Hooray.... Jim Willie a guy I follow has said when the financial system breaks down expect a sharp rise in the dollar. Its counterintuitive but it's a viewpoint. Don't forget 2008 saw a rapid rise in the dollar, I'm not sure it's a sign of confidence. Anyway the petrodollar which has more dollars outside the U.S. than in is the real place it is collapsing sending US dollars home and the inevitable inflation that comes with that. |
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Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days. But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine. Lol - I have a handful of friends that lived through the social collapse of Bosnia in 1992. Now although I can't say that what I am telling you is going to be applicable to a dollar collapse situation I can theorise this: a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia). b) Social unrest is a very ugly phenomena. My friends stories actually broke my heart. But I can summarise some main points really quickly: a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink). b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy. c) If you are somehow wealthy in this situation, you will be killed. d) The only thing that will protect you is many friends and many guns. Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for 1. The Internet was barely used in 1992. 2. Bitcoin was not invented in 1992. 3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them. 4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street. 5. Bosnia was a civil war not simply a currency collapse. 6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse. 1 and 2 are irrelevant. People were too busy staying alive to care about anything above necessities. 3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave. 5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind. 6 Depends where in Asia, but you will have minimal repercussions. Yes P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were). Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different. I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable. No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly. But a currency collapse would spell chaos. Traditional supply lines would break down and the economy would halt. This would probably result in food & water shortages, diseases and social chaos. My point is why in those circumstances would anybody give a shit about bitcoin? I understand we live in geographically different areas (me UK) so the effect this would have on our lifes would be profoundly different. But still, supply lines in the east would be greatly affected, as global trade decreases dramatically. The people in the west wouldn't be looking for bitcoin, they would be looking for food and water. The people in the east.... I haven't had much chance to think about it. The fact is many people today have multi passports and large amounts of money they will want to protect and take with them. You can't carry millions of dollars of gold bars in a bag on a plane. I don't want to patronise people here but if you don't ave more than a million dollars in liquid wealth then probably you are looking at this from your own local perspective. I don't have a million liquid but I'm sure as hell many people do and and they aren't going to watch their wealth drop to zero if they have anyway to scramble it to safety. Of course the majority will wonder what the hell is going on and won't have any saving to even protect. But many middle class people fearing for their saving will do what they can. a currency collapse is the beginning, it's later that violence and food shortages might happen. People have got their dollar collapse senarios ass backwards IMO. |
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I don't think Gems community lacks the confidence to need to attack other projects but damn if that chat is legit I would say Sendchat has sunk itself permanently. |
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Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days. But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine. Lol - I have a handful of friends that lived through the social collapse of Bosnia in 1992. Now although I can't say that what I am telling you is going to be applicable to a dollar collapse situation I can theorise this: a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia). b) Social unrest is a very ugly phenomena. My friends stories actually broke my heart. But I can summarise some main points really quickly: a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink). b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy. c) If you are somehow wealthy in this situation, you will be killed. d) The only thing that will protect you is many friends and many guns. Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for 1. The Internet was barely used in 1992. 2. Bitcoin was not invented in 1992. 3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them. 4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street. 5. Bosnia was a civil war not simply a currency collapse. 6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse. 1 and 2 are irrelevant. People were too busy staying alive to care about anything above necessities. 3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave. 5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind. 6 Depends where in Asia, but you will have minimal repercussions. Yes P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were). Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different. I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable. No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly. |
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Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days. But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine. Lol - I have a handful of friends that lived through the social collapse of Bosnia in 1992. Now although I can't say that what I am telling you is going to be applicable to a dollar collapse situation I can theorise this: a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia). b) Social unrest is a very ugly phenomena. My friends stories actually broke my heart. But I can summarise some main points really quickly: a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink). b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy. c) If you are somehow wealthy in this situation, you will be killed. d) The only thing that will protect you is many friends and many guns. Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for 1. The Internet was barely used in 1992. 2. Bitcoin was not invented in 1992. 3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them. 4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street. 5. Bosnia was a civil war not simply a currency collapse. 6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse. |
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Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.
P.s. The dollar is not going to crash any time soon.....
I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days. But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine. |
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I agree. I would only say that the USD collapse might be a little ways off. I'd say in 3 to 5 years.
The petrodollar is rapidly declining, plus Europe is looking more and more like its gong to blow up with banking contagion that will go global. We don't know the timing it could be years or months but I'm convinced it's about the most obvious way to become wealthy I can think of. Buy some Bitcoins and simply forget about them for a few years. |
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Forget the media BS and what Warren Buffet thinks and what Bill Gates thinks Bitcoin inevitably will be the Noah's Ark financially for those who can see what's coming.
Fact, the U.S. dollar WILL collapse in the next year or two. As Bitcoin becomes easy to move fiat to Bitcoin through various ways online what we will inevitably see as well as a rise in Gold etc we will see a scramble online into Bitcoin. I'm telling you unless another crypto rises in profile above bitcoin then it will be the recipient of online bank runs all over the western and possibly eastern world.
Im now convinced that there is a certain providence about Bitcoin. I Would go as far as say even a few Bitcoin held through this period will secure the financial future of yourself and your children.
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I know its a difficult thing and it can make people disappointed if deadlines are not met but I personally would appreciate a really rough estimate of timeline of getting the iPhone, airdrops and other major developments but particularly these two. I guess with Counterparty causing unknown influence due to them updating versions etc its even more difficult but still a very rough ETA would be great.
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I dunno if Qora has a future or not and I recognize Qora is/was a great developer but seriously what a wack job. The guy only needed to post a few things now and again and the coin could of been up there with NXT. I had ALOT of Qora but I sold and went all in on GEMS. You can attack me but I was a massive supporter for a long time of Qora but I lost my patience with the developer and the community here. We should of gone OS for one thing much earlier and the community should of sorted the wallet earlier and pushed for OS to do it.
Trust me I had more to lose than almost everyone on here, I owned over 5% of Qora cause I went all in on it during the IPO when no one even knew it was legit and held it for months even when it was worth 100 sats, I could of bagged hundreds of BTC when BTC was actually worth something. I hope the coin can come out of this funk but secretly hope it doesn't cause like I said I did own a lot of it so I will regret my decision. Good luck. Can I suggest you get a skilled developer onboard even you might want to ask the NXT community if anyone wants to come onboard. Start a thread and do an open ask for talent.
Qora may turn up who knows but even if he does he is the genius and also the Achilles heel of the project at the same time. It might be better without him going forward anyway. At least now you can start making proactive decisions.
I do not see the dev as the Achilles heel. I mean we voted for OS during the first phases and most of us wanted the OS to come later. Also the dev developed all the features that he promised. So, it's a success story to my eyes. In terms of trust and features. I also invested a lot, but I'm in till the end. You can still buy in if you want. Can't see why not.. Come on a very low percentage actually voted and were swayed but a couple of very vocal people who quite quickly wandered off to the next big thing anyway. I mean you wouldnt vote a president in on 5% voting. I actually could of thrown my large amount of coins at the vote but decided not to, which I regret cause I still say the community made a poor decision. Everyone with some experience in crypto knows clones actually are the best advertisment for a coin instead people tried too hard to block them isolating Qora. There was a few months where Qora could of rocketed in profile due to it being a new code, a few months later there were tons of new codes and no one cared anymore. That's why I believe the coin was mismanaged by an inexperienced community and a developer with zero interest in PR. So I actually blame the community more than Qora. Yes Qora was just following the community but I think he should of been a bit stronger in directing Qora. In many ways Qora IS a great coin but recognizing the things that have held back one of the most technically great coins to be treated like a shitcoin should be done. The fact is its a better coin than many coins in the top 20 on coinmarketcap, much better. If I didn't think it wasn't I wouldnt of held on so long and it wouldnt of been so frustrating. You could take what I'm saying as an attack or negative but I'm being honest about Qora's problems to be helpful, cause if you don't then how you gonna fix things and go forward in a better direction? |
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I dunno if Qora has a future or not and I recognize Qora is/was a great developer but seriously what an Autistic Wack Job. The guy only needed to post a few things now and again and the coin could of been up there with NXT. For someone who put so much effort into coding to just let the coin die on the vine due to his lack of social skills was too painful to watch any longer. I had ALOT of Qora but I sold and went all in on GEMS. You can attack me but I was a massive supporter for a long time of Qora but I lost my patience with the developer and the community here. We should of gone OS for one thing much earlier and the community should of sorted the wallet earlier and pushed for OS to do it.
Trust me I had more to lose than almost everyone on here, I owned over 5% of Qora cause I went all in on it during the IPO when no one even knew it was legit and held it for months even when it was worth 100 sats, I could of bagged hundreds of BTC when BTC was actually worth something. I hope the coin can come out of this funk but secretly hope it doesn't cause like I said I did own a lot of it so I will regret my decision. Good luck. Can I suggest you get a skilled developer onboard even you might want to ask the NXT community if anyone wants to come onboard. Start a thread and do an open ask for talent.
Qora may turn up who knows but even if he does he is the genius and also the Achilles heel of the project at the same time. It might be better without him going forward anyway. At least now you can start making proactive decisions.
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Man someone should fix the app.
The recent issues have been due to Counterparty not the app. The problem is known and being worked on now to bypass Counterparty changing things. Its kind of ironic that they are called Counterparty cause literally that's what they are to Gems at the moment.  |
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Not at all... as stated, evil will always be there but the current way financial transactions are regulated, it makes the job of a would be extortioner or kidnapper difficult. Bitcoin opens the door to constant terrorizing of good honest people.
For example, these letters are threats, obviously. But let's pretend that they send 1000 letters, are paid 0 and then kill 5 people. Then send out another 1000. Those next 1000 people are put in a tough situation that is allowed because of bitcoin.
You still have to communicate to people be it online or letters, both of which can often be traceable. Kidnapping etc are serious offences, of people are caught they go down for a long time. And that's before anyone is actually hurt in any way. |
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So you are saying extortion wasn't possible until 2009?
You are also suggesting the hardest part of kidnapping and murder is money transfers. And with that so easy people are bound to get on with the easy part of kidnapping and murdering. Debunked enough?
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Shame it didn't contain a link to the app, any article GEMS has some input should try to funnel people to download it. Daniel needs a new press photo.  Imo the app should really start promoting downloads outside the crypto space when atleast the iOS and airdrop are released. Since the article talks about Getgems reward value model users might get confused why they didn't receive gemz. True. Getting Gems is the real carrot and stick really to hopefully fuel uptake. I hope it will be circular thing where once people see these gems have actual value then people will desire them more and therefore the price increases amd then more downloads and so on. |
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Shame it didn't contain a link to the app, any article GEMS has some input should try to funnel people to download it. Daniel needs a new press photo. |
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Gonna need some kind of action to keep the price from falling any lower than it already is I think.
The vol is only a few btc if you consider the marketcap is around 3,000 it's basically nothing the real picture is stakeholders are holding their gems firmly. The price has been most of the time hovering around the crowdsale price and probably will do until we see IOS and the airdrop and then we will quite quickly get an idea if the app is gaining traction. I personally believe we are going to get lows due to people being impatient and losing some confidence in the short to mid term. I personally hope so cause I'll be buying. |
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I'm trying to send GEMS from Konify to Counterparty wallet. It won't take the full amount. Is there a limit on the amount you can transfer? It looks like the limit is 100? I must have missed this somewhere. I'm not sure the 2fa is working. It won't let me set it up anyway. Is there any kind of support for the Koinify wallet? Any help would be appreciated.
i don't think there is a limit. I think Tom from Koinify did say something about a bug that wouldn't allow sending of the full balance. Try like .01 less or something to cover a possible withdraw fee. there is a sending problem going on right now though. The gems team is aware of it and working on it. Thank you for the reply! I have sent various amounts Example: send 5,000 it only sends 5 I'm not sure that's the way it supposed to work.  Did you type it with a "," it might think you are sending 5.000 ie 5. |
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