"Combine Bitcoin’s block chain technology" is not ( our ) Bitcoin Blockchain. i read that they will use "their own" somehow...
You're correct but I don't think it was ever meant to be taken as Bitcoin's blockchain. All they're saying is the blockchain concept offers a lot of promise, and that in and of itself is a meaningful step. |
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They're not donating, they're fishing.
Fishing? like hoping a whale sends back a big sum or something? Trying to find active BTC addresses is more likely. |
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I guess what happens if someone is able to hack all the accounts...?
I think it would sort of suck for someone to completely take over the Bitcoin network and have all the money with no way of reversing it...
At least banks now can reverse transactions so that can protect your money..
I don't think you really understand how Bitcoin works, you can't "hack" all the accounts. You can take over the network with a 51% attack (see wiki for details) but that's not something that would have to be permanent. |
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Reputable generic rounds can be bought for $0.70 over spot (per oz), so I personally wouldn't pay more than that for shots. We can't verify dimensions and authenticity as easily as rounds.
Yeah that's the problem with shot. Is the shot all loose or is some still in the original bag from the producer? |
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Hi All
I wanted to start selling call options over bitcoins.
It seems that people have tried this before and it is not gone well but I see no reason why it should not work if done properly.
Would appreciate input as to why this might be a bad idea.
For one, the user name you chose is pretty poor. It's like sending in a resume for a job and listing your contact info as suckmyballz@gmail.com |
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Finally, there is also an opportunity to profit by giving out loans. This includes mortgage loans. A business could be set up that allows investors to pool their money together and give out loans. The profits would come from the interest that is paid once the loan is repaid.
zopa.com? lendingclub.com ? peer2peer lending is a thing already. As someone who used to lend on Prosper, I'd advise to stay away. There's a reason a lot of these people can't get loans from banks. |
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Looking at my old PMs it's crazy to think where things are from just a few years ago. I have a PM of where I sold a guy an Xbox game for 1.5BTC. Older ones I was buying useless crap for 15BTC.
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There's an entire subsection here about loans, you can see how well it works out there.
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I left mine. It's probably more like a sabbatical than anything.
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In the US the living cost is insane. Ask yourself, are you willing to pay they insane rent required to live in a nice area?
Consider moving to china.
LOL!!! Yeah nothing like those nice areas in China with their pollution, undrinkable water, insane traffic, and other sanitary issues. |
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A market crash is a destruction of wealth. In those times, most assets, especially volatile ones, will see a net outflow.
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Banks are not countries. Banks are not states.
Bolivia did not ban bitcoins. Bolivia's banks did.
Nevada, New Mexico, Arizona, etc. are not warning against using bitcoins. Their banks are.
Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.
News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
Pretty sure McDonald's doesn't have the authority to ban a Burger King product  |
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As we move into bitcoin economy , where there is merchant adoption universally and you are able to buy anything with bitcoin, there is no point an average guy would put his savings in a bank, He could save even a million dollars worth of money in a encrypted paper wallet.
Now banks will lose all the minimum balance that it recommends for having an account, Now banks will not have any money to loan out and hence the entire banking system collapses.
On the other side bitcoin 2.0 applications like counterparty, ethereum will enable crowdfunding and other financial derivatives and decentralized exchanges which will affect the investment banks. Because you don't rely on a central institution like banks to raise your capital.
What other ways could banks face disruption by bitcoin?
Banks fulfill more roles than just merchant services and depository accounts. For instance, most businesses (large and small) need working capital lines of credit, loans for capital expenditures, etc.. It's necessary to function. Companies that ship goods internationally need letters of credit. Individuals need trusts and retirement accounts. Bitcoin and banks can co-exist. |
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Graph is antiquated. If you look at the fees of some online banks (Ally for example) it's not nearly that high. Also, since this is an invoice, does part of the fees have to do with a product in transit? There's always more fees when things such as letters of credit are required.
Bitcoin works well for peer-to-peer transfers but I'm not sure with the information given, that's the type of transaction being completed.
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10-15% below market price on the day of the auction
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If your bank is charging you fees, switch. No monthly fees, no ATM fees, no minimum balance, blah blah blah. Do some shopping it's pretty easy to find a checking or savings with no fees (unless you do wires or things of that nature). Look at the online banks especially.
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what type of car is that ? as others have said i would take the cash. some what unrelated lol but a coworker one a porsche a number of years back. he couldnt even afford the insurance on it ($4-5k a year) it was funny and sad at the same time  It's a Kia Soul. |
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If bitcoin becomes million dollars each, or litecoin goes for 500$ and dogecoin goes for 1$ the sheer number of fiat millionaires it could create in the world could be thousands..
Is this socially possible? yes lot of people have become lot wealthy with lots of bubbles in past, the dot com bubble is a classical example creating lot of millionaires.
So what happens to the world if millions of millionaires are created all of a sudden?
will governments and rich people who have a lot of influence over the world(like Bilderberg), allow that to happen?
There's roughly 12 million people in the world who are "millionaires." So adding a few thousand more could happen but it will be via the accumulation of a large sum of Bitcoin, not from Bitcoin reaching $1 million each. |
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Therefore, no inflation happens.
There are plenty of arguments suggesting that the way inflation is calculated has been changed in order to keep the 'publicly announced' inflation rate palatable to the gen pop. The other way we have seen inflation is this; retail products, especially food related have maintained their prices however their net weight in grams has fallen. Packets of crisps that go for $4.50 for 180g now only give 165g. Deodorant gives less mls. In the UK you've also seen horse meat substituted for beef in lasagne. It goes on and on. You can also use a website like Shadowstats, which calculates inflation under the old methods along with the new.   http://www.shadowstats.com/alternate_data/inflation-charts |
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Interesting. Im sure there are potentially many reasons why Japan has failed to create inflation despite decades of QE. I assume the main reasons are an ageing population and / also a population of savers. Or does it just say that QE does not work and that the deflation 'problem' is actually structural? The best explanation comes from Richard Koo, chief Economist of Nomura and famous for his theory on "Balance Sheet Recession" "During a usual monetary policy-driven market, money created by an accommodative central bank typically spreads throughout the economy and lifts markets. During a balance sheet recession, however, the private sector is a net saver, which means only the financial sector is flooded with funds that are generated by private sector saving and deleveraging" Basically QE doesn't make inflation because the private sector is deleveraging so even though there is cheap money there are no borrowers Read more: http://www.businessinsider.com/richard-koo-on-bubbles-in-a-balance-sheet-recession-2013-11#ixzz33ixdIvlhHere's him giving a presentation on this idea. Worth a watch if you are interested in economics. https://www.youtube.com/watch?v=rMGUveWr7FgExactly, even though the supply is abundant, it's not moving anywhere. It (increased money supply) may eventually lead to inflation but Japan is a real world example of a ballooning balance sheet with minimal inflation. The US will likely follow a similar path. |
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