It seems they do these to benefit investors but wouldn't that also skyrocket the BTC:USD value?
Not sure if they would do this. All QE did was juice the stock market. I'm sure they are worried about stock market bubble The reason the stock market is bullish cause there is rotation from other investments into stocks. Funds can't invest BTC if they wanted to. So probably no effect on BTC |
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The math isn't that complicated. Sounds like the problem is with the public education system, not Bitcoin. Instead of dumbing down Bitcoin, perhaps the sheeple need to wisen up.
Seriously though, thank you. In my opinion BTC will hopefully bring about changes in the way people think about their government issued fiat currencies, and realize that they don't have to be dependent of that. But it is not for everybody. Seriously people, decimal places are Not that hard to understand... Why should we dumb down our system just to accommodate the ignorant masses? "Ignorant masses" LOL. Without mass adoption BTC or anything else for that matters will become extinct |
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You mean eBay? I thought Paypal is a payment service
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Ripple's value is the network. XRP is just a token like a plastic poker chip. It's not supposed to be worth anything. Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC
My bet is that Ripple will become more mainstream than BTC as a crypto. Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.
Betting on BTC is betting that BTC will replace fiat. No way this happens unless some catastrophic event occurs. I can see BTC becoming like torrents. Used by a niche crowd but can't become mainstream b/c too much negative stigma
Go ahead bet on Ripple I dare you Lol. I personally don't think BTC will replace Fiat in the short term at least. In can Co exist together. Having options isn't a bad thing right? I would buy stock in Ripple if they IPO'd. XRP aren't supposed to be treated like commodity. Just a placeholder so the tech can work. Ripple is designed to be integrated into current banking system. The user doesn't even need to see XRP. What consumers need is a way to transmit money that is digital and low cost |
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Why do you use logarithmic scale?
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No. More like bonds, gold or real estate
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Ripple's value is the network. XRP is just a token like a plastic poker chip. It's not supposed to be worth anything. Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC
My bet is that Ripple will become more mainstream than BTC as a crypto. Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.
Betting on BTC is betting that BTC will replace fiat. No way this happens unless some catastrophic event occurs. I can see BTC becoming like torrents. Used by a niche crowd but can't become mainstream b/c too much negative stigma
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Thats what a free market is for. In the end fiat will win and crypto will be a useful for transmission
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The underwriter overpriced the IPO and then bought back stock for a period of time to keep the price inflated. It is not a real Ponzi but as the price is much much greater the cash flow you might be able to argue it acted like a partial Ponzi. I am not really sure it qualifies though.
Facebook may currently operate like a ponzi, but it'd be a challenge to find someone who managed to lose money taking long positions up until now. Can basically excuse the IPO manipulation... if everybody wins, there's no crime, right? ETA: o wait... That's not a Ponzi. A Ponzi is when you use new investment money to pay early investors REGARDLESS of what happens to the investment. Bitcoin is not a Ponzi either. It's a pump & dump. Its sold as a pyramid. i.e. deflationary asset can never go down. The earlier you get in the more money you make |
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I don't know about the legal issue. But this is how it works as an operational issue
At the individual bank level: banks make loans. They then either borrow the reserves they need at the discount window or overnight market, OR the grow their deposit base to meet their reserve requirements. But the banks make the loans first, and then do whatever to hit their reserve target at the end of the day in order to balance their books.
At a macro level: the banking system makes loans, which in turn create deposits.
You have to look at banking as a balance sheet operation to understand it.
Technically speaking when a bank takes your deposit and pay you interest i.e interest savings or CDs. You are lending them the money. That money becomes part of their reserves that they lend from.
For checking account I'm not sure.
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Big adoption in Vietnam, Cambodia, Laos wouldn't surprise me.
They use a non-fiat currency already, the $US for most of their transactions. By non-fiat I mean it is not fiat to that country.
So they could move over to any currency, including BTC.
I also noticed travelling through these countries how well connected they are. Wifi is everywhere and it is free. So someone with a cheap smart phone can get free access fast enough to send/receive transactions from their phone.
I was in Vietnam recently. Maybe street merchants use USD bills but not the established shops that accept credit cards |
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As a trader have you tried fibonacci retracement & extension on your charts?
I use fib numbers a lot on my charts for price guidance. Not necessarily for predictive value.
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Seems like you are curve fitting along with selection bias. Are you a statician or trader?
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Want to know why so many of these Fed suits and banking class people like Ripple so much? It isn't really decentralized. Hence, it's easier to manipulate.
They like it cause the technolgy can be integrated into curent banking system. It has real world use value. Yes...it can be "integrated" into the current banking system. Because it's such an awesome idea to continue pouring money into the corrupt banking system. Of course the banking class wants a digital currency they can control. Ripple is a network. The XRP is just a token like a plastic poker chip. No need to control it |
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Want to know why so many of these Fed suits and banking class people like Ripple so much? It isn't really decentralized. Hence, it's easier to manipulate.
They like it cause the technolgy can be integrated into curent banking system. It has real world use value. |
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Id rather invest in Ripple (the company not the currency) than bitcoins. Too bad ripple is not public.
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They believe that the government will guarantee fiat money's value, then fiat money will keep their value. They believe that banks will protect their money, then they hand over money to banks. In fact the government can not guarantee anything in return for fiat money, except accept it as a tax payment,
Govt doesn't guarantee value. They back the money as the issuer. They accept it as legal tender. Its the only accepted tender for taxes. Which is legal obligation. The taxes guarantees demand. |
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and banks just loaned out those money to someone else Actually, banks are prohibited from using consumer deposits to make loans. When banks create loan the deposit is created simultaneuously as a balance sheet entry. Asset & liability |
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Wasn't Facebook IPO a giant ponzi?
No how is it a Ponzi? |
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In principle all those scams depend on people's belief: They believe that the government will guarantee fiat money's value, then fiat money will keep their value. They believe that banks will protect their money, then they hand over money to banks. In fact the government can not guarantee anything in return for fiat money, except accept it as a tax payment, and banks just loaned out those money to someone else
Government is also part of society. Government plays an important role to keep society stable. Anarchists down play government but when shit hits the fan they all go running to government |
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