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4801  Bitcoin / Bitcoin Discussion / Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether on: May 03, 2017, 11:29:22 PM
No way his revelation could elevate a sudden interest in the volumes ,the recent spike is simply because of the Japanese investors as they are pumping in huge amount of money in bitcoin and so is the reason we are seeing more volumes from the Japanese exchanges than the rest of the world.If Mike has invested in crypto currencies it is good for him. Tongue

Which japanese exchanges would you recommend checking to confirm this?

I would be curious to see what "increased volume on japanese exchanges" looks like.

I don't remember ever seeing a exchange based out of japan. Definitely got to look into this.
4802  Economy / Economics / Re: [GooseToken] Permalkultural farm Mashkino on: May 02, 2017, 11:49:32 PM
Interesting. I think iceland tried to do something similar, if on a larger scale with aurora coin.

I've also seen news stories about small towns in the united states making their own altcoin which was to be used locally.

Not sure how well it works as I haven't kept up with those developments but it is an interesting idea.
4803  Bitcoin / Bitcoin Discussion / Re: Bitcoin and deflation on: May 02, 2017, 11:45:09 PM
One neglected aspect of inflation could be governments tendency to destroy a nation's wealth, productivity and innovation through inefficient and wasteful spending.

It is possible that such inefficiencies are a main contributing factor behind state issued currencies losing buying power.

Bitcoin not being pegged to any existing state or government could serve as an alt explanation for its good inflation metrics.
4804  Bitcoin / Bitcoin Discussion / Re: Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether on: May 02, 2017, 11:39:31 PM
I wonder if Mike Novogratz publicly disclosing his crypto investments is behind the recent btc all time high. Maybe people have more confidence in bitcoin knowing there are big time investors committing to it? Looks like bitcoin could be on its way up @ $1,400. Nice!

4805  Bitcoin / Bitcoin Discussion / Re: Girl gets raided by police looking for bitcoins on: May 02, 2017, 11:31:18 PM
This happens in the united states, not with bitcoin but with regular money.

Its normal for police to confiscate money they found when conducting simple searches. Example:

Quote
Aggressive police take hundreds of millions of dollars from motorists not charged with crimes

http://www.washingtonpost.com/sf/investigative/2014/09/06/stop-and-seize/

The DEA (Drug Enforcement Agency) has also been known to confiscate money medical marijuana sellers have in their safe & keep it.

Police are becoming thieves everywhere it seems.
4806  Other / Politics & Society / Russia has drastically increased its military spending over the past 10 years on: May 02, 2017, 06:27:02 PM
Quote
Russia has been dominating the news headlines of late, and for all the wrong reasons. But did you know that they have been drastically increasing their military spending over the past decade? It’s true. While current and previous U.S. administrations have eschewed the Russian threat as being less dangerous than it is, we are seeing something seriously noteworthy take place in Vladimir Putin’s nation.

Led by a new generation of “super weapons,” Russia is beginning to turn heads all over the world. Here are some of the technological marvels we’re talking about.

Sukhoi PAK FA T-50



Sukhoi aircraft have an impressive history in Russia. The newest model, the T-50, is currently in joint development with India. The T-50 is equipped to sustain supersonic flight, better than previous planes. Its range at supersonic speeds is 930 miles. At subsonic speeds, it can go 2,175 miles. It’s an aerobatic plane which can sustain 9G maneuvers for up to 30 seconds with pilot ejection possible from an altitude of 60,000 feet.

T-14 Armata Tank



According to a UK Ministry of Defence report, “[the T-14] certainly deserves its billing as the most revolutionary tank in a generation.” Its 2A82-1M main cannon boasts a firing rate of 10 to 12 rounds per minute. Its APS (Active Protection System) enables the T-14 to swat away attacks that are at speeds exceeding Mach 5. This technology can also hinder the targeting systems associated with anti-tank guided missiles.

It’s time for western nations to play catch up.

RS 24 Yars



Russia is taking its Cold War-era thermonuclear weapons to the next level. At the 2015 Victory Day parade in Moscow, they displayed their RS-24 Yars for the first time. Russia is the only modern country to develop a new generation of nuclear weapons wheras the united states and other countries rely on older cold war era munitions. The RS 24 Yars is newly developed to pierce missile shields employed by the united states.

MI-28N Helicopter



Added to the Russian army’s fleet in 2006, this mean looking chopper is expected to be improved in the coming years.

As early as 2017, Russia is expected to test a new fifth-generation edition of this flier.

This isn't a good overview, it fails to include many russian military innovations such as hypersonic missiles or super cavitating torpedoes.

The media is turning a blind eye to russia modernizing & upgrading its military while the united states & other nations remain stagnant.

NATO and the UN take pride in deploying missile shields and interception networks, not seeming to realize russia is already upgrading their ICBM's and missiles to penetrate those defensive systems.

This is one of the reasons for Trump recently allocating funds to upgrade the US nuclear program. A measure which he received much criticism over due to most people not realizing russia is leaving the rest of the world behind in terms of the nuclear arms race.

The united states in particular is a massive failure with programs like the F-35 being an extreme waste of taxpayer dollars.

What this means economically, is if war breaks out, russia could win. The rest of the world could have fallen too far behind in terms of military technology and effective spending to keep up.


4807  Bitcoin / Bitcoin Discussion / Re: What is going on with Bitcoin? Satoshi Nakamoto on: May 01, 2017, 11:57:12 PM
David Kleiman being Satoshi is still the best theory for Satoshi's identity I've seen:

https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/

Unfortunately, David Kleiman passed away in 2013.

4808  Bitcoin / Bitcoin Discussion / Re: Enforcing Transparency and Accountability through Cryptocurrencies on: May 01, 2017, 11:54:35 PM
Its very difficult to authenticate identities over the internet and keep track of transactions.

There are websites that sell decent fake ID's which aren't hard to find. I would have to think it would be near to impossible to authenticate without meeting with people to confirm their identity.
4809  Economy / Speculation / Re: Whats causing the price to go high to ATH? on: May 01, 2017, 11:52:27 PM
Elon Musk, Mark Novogratz, Virgin Galactic and others coming out in support of bitcoin might have something to do with it.

Mark Novogratz recently announced he has as much as 10% of his net worth invested in Btc and alts.

That could make crypto seem like a safer investment, knowing that there are some billionaires who have a significant sum committed.
4810  Economy / Economics / Re: Microchip implant for Bitcoin Payments in Malls will you agree ? on: May 01, 2017, 11:48:36 PM
Microchip implants are a means of monitoring, controlling and ultimately oppressing humanity.

They're meant to eliminate cash, which would give banks a monopoly over the exchange of currency.

They're also an invasion of privacy, a method of surveillance and being able to choose who is and isn't allowed to buy or sell.

With implant based currency, corporations & the state can ban those with different political opinions from using the exchange system.

It can be a method of oppressing independent thought, restricting freedom of speech & otherwise stripping people of rights and freedom.
4811  Economy / Economics / Trump says he's open to bringing back Glass Steagall on: May 01, 2017, 11:44:31 PM
Quote
President Donald Trump said he’s actively considering a break up of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.

“I’m looking at that right now,” Trump said of breaking up banks in a 30-minute Oval Office interview with Bloomberg News. “There’s some people that want to go back to the old system, right? So we’re going to look at that.”

Trump also said he’s open to increasing the U.S. gas tax to fund infrastructure development, in a further sign that policies unpopular with the Republican establishment are under consideration in the White House. He described higher gas taxes as acceptable to truckers -- “I have one friend who’s a big trucker,” he said -- as long as the proceeds are dedicated to improving U.S. highways.

In other news, Trump said he’d be willing to meet with North Korean dictator Kim Jong Un, against the recommendations of his political advisers, to avert a military confrontation with the U.S. adversary. He also said that a Republican replacement for the Affordable Care Act would protect Americans with pre-existing conditions at least as well as Obamacare.

Glass-Steagall

During the presidential campaign, Trump called for a “21st century” version of the 1933 Glass-Steagall law that required the separation of consumer and investment banking. The 2016 Republican party platform also backed restoring the legal barrier, which was repealed in 1999 under a financial deregulation signed by then-President Bill Clinton.

A handful of lawmakers blame the repeal for contributing to the 2008 financial crisis, an argument that Wall Street flatly rejects. Trump couldn’t unilaterally restore the law; Congress would have to pass a new version
.

Trump officials, including Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, have offered support for bringing back some version of Glass-Steagall, though they’ve offered scant details on an updated approach. Both Mnuchin and Cohn are former bankers who worked for Goldman Sachs Group Inc.

The KBW Bank Index of 24 major U.S. lenders had climbed as much as 1.2 percent before Trump’s comment, before dropping about 1 percentage point. It soon recovered most of that, and was up 0.9 percent as of 1:07 p.m. in New York. Firms including JPMorgan Chase & Co. and Bank of America Corp., the nation’s two largest banks, were among companies that swooned.

The Glass-Steagall law essentially split banking into two categories: deposit-taking companies backed by taxpayers that primarily made loans to businesses and consumers, and investment banks and insurers that trade and underwrite securities and create or focus on other complex instruments. Severing those businesses would prevent Americans’ nest eggs from flowing into more volatile capital markets, Congress reasoned at the time.

https://www.bloomberg.com/politics/articles/2017-05-01/trump-says-he-s-considering-moves-to-break-up-wall-street-banks

Looks like Trump's on the right track.

Glass Steagall which was passed to prevent circumstances causing the Great Depression should never have been repealed under Bill Clinton's administration.

4812  Bitcoin / Bitcoin Discussion / Re: Great way to make Bitcoin! on: April 30, 2017, 11:46:24 PM
Come up with an way for bitcoin to execute transactions faster, without centralizing miners or opposing Satoshi's original vision.

I would like to think that would be worth some btc.

I still haven't figured out why compressed blocks aren't an option.
4813  Economy / Economics / Re: what would if you were to destroy every bitcoin mining operation in the world? on: April 30, 2017, 11:42:11 PM
There is a question of what will happen to mining operations after all 21 million bitcoins are mined.

That could be the closest thing we'll see to your scenario.

According to http://www.bitcoinblockhalf.com/ there are 4,696,675 left to mine before we hit the cap.
4814  Bitcoin / Bitcoin Discussion / Re: “One Bitcoin, One House,” Nonsense or Reality? on: April 30, 2017, 11:26:08 PM
There is no tested and proven "bitcoin world" where experience is an advantage.

Cryptocurrencies are uncharted territory. No one knows "what will happen". No one has been here before & there are no historical precedents which can be applied to deduce what the wholesale outcome will be.

Having experience with stock market trading or investments can be an advantage with trading on exchanges, many of the basic fundamentals apply.

But that doesn't apply to buying and holding BTC where there are many unknowns in terms of what the price ceiling is, fork implications and what effect mass adoption in japan, russia & other countries could have.
4815  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be used to support terrorists? on: April 30, 2017, 11:13:29 PM
There is evidence of banks supporting terrorists, drug cartels and russia posted in this thread in the economics section:

https://bitcointalk.org/index.php?topic=1869013.0

Banks still support criminal and illicit activities, there has been no effort made to stop them.

The more public awareness on this, the better chances we have of banks ceasing and desisting with their nefarious activities.

With all bitcoin transactions contained in a publicly accessible ledger, that reduces the likelihood of it being used by terrorist groups or for criminal activities as it leaves a type of paper trail which can be followed.
4816  Economy / Economics / Re: Are Central Banks Losing Control? on: April 30, 2017, 11:04:27 PM
Quote
Wallerstein is right: central banks--including the Federal Reserve-- are losing control of the value of their currencies, their role in the global economy and the social discontent that arises as central bank policies negatively impact average citizens.
It's by no means guaranteed that central banks will be able to maintain their death-grip on interest rates, either.
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

I think this is a good summary of OP article ^.

$200 billion a month requirements for the global financial system to avoid collapse seems unsustainble to me.

Which could infer the question what happens when such "quantitative easing" programs are no longer tenable?

There was another article I read which claimed banks profit from those QE programs.

There could be some conflicting info, present.
4817  Economy / Speculation / Re: Looks like we have set a new ATH at $1,377 on: April 29, 2017, 07:25:48 PM
Quote
Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

I don't know if that matters, I doubt anyone keeps up with that. No one expects the SEC to change their mind which makes it irrelevent to pay attention to.

Billionaires like Elon Musk and Mark Novogratz coming out in support of bitcoin could be the real reasons for the ATH.

4818  Economy / Gambling discussion / Re: UFC 211: Miocic vs Dos Santos info and Prediction Thread on: April 29, 2017, 07:09:51 PM
Is anyone tuning in to watch Anthony Joshua vs Wladimir Klitschko?

I haven't watched boxing in a long time. Who do people see as winning that fight?

Wladimir is a decent underdog, possibly due to him not doing well against Tyson Fury.

I've never heard of Anthony Joshua or seen him fight before today.

4819  Economy / Economics / Re: HSBC Bank Helped Terrorists, Iran, Drug Cartels & Russians Launder Money on: April 29, 2017, 07:05:31 PM
Despite this being from 5 years ago, I just find this almost unbelievable. And they accuse bitcoin of being an easy way to launder money. This shows that even trusted "institutions" can cover up stuff to make a profit. Money really talks.

Even more infuriating is that they just got a slap on the wrist just like Western Union. If this is not more reason to keep money away from these companies, I don't know what.

We can expect that as more people find alternatives to their service, these companies would continue to stoop down even lower in the name of profit.

It irritates me how there are many credible publications like new scientist who are publishing ebooks painting crypto as a safe haven for criminals, money launderers, thieves and scammers.

This ebook was published this year in 2017 and still seems to be misleading people while pushing false narratives regarding bitcoin.

4820  Economy / Gambling discussion / Re: McGregor vs Khabib, who would you bet for a win? on: April 29, 2017, 06:52:12 PM
I don't know if this fight will happen.

Khabib was talking about retirement not long ago when he had injuries.

Khabib's father said he wants Khabib to retire soon.

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