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5101  Bitcoin / Bitcoin Discussion / Re: Here comes the Satoshi drama on: March 03, 2017, 09:49:50 PM
Quote
Whatever Wright's original role, he has suggested bitcoin could have widespread applications. In a paper from November 2015, also reviewed by Reuters, he wrote: “The bitcoin blockchain can be scaled up to replace all existing payment system networks to become the world's single global economic infrastructure.”

Banks favor a monopoly over currency transactions, they would probably favor a monopoly of blockchain transactions.

Craig Wright has the same pro centralization mentality they do. It proves he's not Satoshi nor someone who was ever involved with bitcoin in my opinion.

What do others think of this? 
5102  Economy / Marketplace / Re: Bitcoin Start Up Finance Based On Islamic Sharia on: March 02, 2017, 06:46:52 PM
Hey dude, don't let the media put shit on your brain. Enough. You live as people who knows about blockchain technology, bitcoin, cryptocurrencies, and you still have a brain like 1970's. Be smart.
I am from Indonesia, and I obedient to the Sharia law. It's our law's of God. Indonesia are not imposing the Sharia law in their country, it's all depend on the peoples personally.
One of the Sharia law is about finances. Islam has forbid a debt with interest. So you can see in Indonesia there is two kind of bank, it is conventional bank and Sharia bank.
Stop thinking about terorist, because there is no terorist in this world. There's only villains with religion masked.

I think we can all agree Bitcoin isn't a good currency for loans or lending, sharia loans or other loans; its the same.

It doesn't make sense to build a sharia loan network utilizing bitcoin. Not everyone has a computer or cell phone to make bitcoin transactions. Bitcoin probably isn't as well supported as local currencies in indonesia or elsewhere, this doesn't change. If legal disputes arose, it would be difficult to prove which person each bitcoin address belongs to. There's a reason scammers target bitcoin--its because they can cheat people with bitcoin and they will probably get away with it. You understand this? Bitcoin sharia loans don't make sense, bitcoin isn't a good currency for loans.

The most likely reason a person would build a "sharia bitcoin loan agency" is probably to create another version of silk road for criminal purposes. One that might be used to fund terrorism/extremism. If that happened, it could be bad for bitcoins credibility.

That is why I don't support this.

There are much better ways to implement sharia lending than bitcoin. If you think that's racist, I would like to know why you think this is so.
5103  Economy / Speculation / Re: Learn from others mistakes. Hodl on: March 02, 2017, 06:17:46 PM
Bill Gates tried to trade all his microsoft stock for stock in Lotus, before microsoft became the giant it is today.

Peter Norton the founder of Norton anti virus used to believe malware and computer viruses were myths.

Some people succeed simply for being in the right place in the right time, it has little to do with brains.

 Cheesy
5104  Economy / Economics / Re: Remember when Bitcoin reached parity with the $ it's now just passed Gold on: March 02, 2017, 06:11:53 PM
With counterfeiters known to use tungsten to make fake gold bullion bars, one might say gold is more vulnerable to fraud than btc.

Gold is also more difficult to transport, easier to steal & more difficult to store safely.

Bitcoin definitely has some advantages over gold.   Smiley
5105  Bitcoin / Bitcoin Discussion / Re: What is being told to people in High Schools about Bitcoin on: March 02, 2017, 06:05:53 PM
Young people in schools are taught the US Constitution is an obsolete document & capitalism is evil.

Its not surprising teachers would also mislead them into believing bitcoin is evil as well.

They're being brought up to hate things that give them independence and freedom.
5106  Economy / Economics / Re: Global Financial Meltdown - James Rickards on How To Avoid Financial Ruin on: March 02, 2017, 05:52:49 PM
To the OP, why must you encourage us to listen through a lengthy, dramatic video that keeps shying away from getting to the point?

Here's a shorter summary for all: http://www.reviewopedia.com/jim-rickards-reviews

Rickards is selling a subscription to investment information that will surely help you "avoid financial ruin in the next global meltdown!"

It'll cost you $40 or $80. I wouldn't bother with this guy, I don't think he accepts bitcoin!

And most likely his information advises people to buy bitcoin to avoid the global market collapse!   Grin

His $40-$80 advice is probably to buy gold or silver.

Or a investment strategy designed to arbitrage gains while protecting from colossal market crashes.

He made some very good points about glass steagall & derivatives in his free advice.
5107  Bitcoin / Bitcoin Discussion / Re: Peter Schiff being an idiot on national television on: March 01, 2017, 10:26:27 PM
I don't notice a difference between Peter Schiff and Paul Krugman.

Those who have a mainstream media stage are usually shills or charlatans of some type pushing an agenda.

 Sad
5108  Economy / Economics / Re: Global Financial Meltdown - James Rickards on How To Avoid Financial Ruin on: March 01, 2017, 10:03:49 PM
The source for it is a youtube video, if no one wants to click on the links.

https://www.youtube.com/watch?v=5aLSTlz9CDU

I agree with him, bringing Glass Steagall back to implement greater separation of commercial from investment banking is a good idea.

Breaking up banker cartel monopolies is also good.

Derivatives ban, I'm not sure about. Some of it should be banned due to derivatives exposure being in the trillions of dollar range & threatening world economic stability.

The 2008 economic meltdown was caused by derivatives.
5109  Economy / Economics / Re: bitcoin ETF announcement March 11 what do you expect? on: March 01, 2017, 09:44:17 PM
I think the SEC will grant the bitcoin ETF a green light.

If they don't do it, another country will.

Strategically it makes sense to be the first on board, it gives them influence to be associated with the first bitcoin ETF in history.

It could also make btc easier to tax in the long run, being that ETF investment will be taxable.
5110  Bitcoin / Bitcoin Discussion / Re: Ver versus Vays at Anarcapulco on: March 01, 2017, 09:39:02 PM
The event was organised by a former/still practicing alcoholic, who believes/promotes the idea that world leaders are Satanists, and also believes/promotes ancient religious prophecies about cycles in financial markets.

What's wrong with that.

In this day and age, that may be preferable to the SJW opposite end of the spectrum where people pretend there is only one rational side to every story, due to an unwillingness to consider both sides of things.
5111  Bitcoin / Bitcoin Discussion / Re: "With Bitcoin/Crypto, what are you most optimistic about?" on: March 01, 2017, 09:27:35 PM
Banks have an unhealthy monopoly stranglehold on currency exchange.

Breaking up that monopoly is good for civilization and society.

 Smiley
5112  Economy / Gambling discussion / Re: UFC 209: Woodley vs Thompson Info and Prediction Thread on: February 28, 2017, 09:02:14 PM
Only four days away.

Excited to see Thompson vs Woodley and Khabib vs Ferguson.

Those are some epic showdowns in the making.

I think there's a bellator event on march 3rd, the day before Thompson vs Woodley also.

5113  Economy / Economics / Re: Iran Does not have a Rothschild Central Bank. Neither does Syria. Nor did Libya. on: February 28, 2017, 07:18:45 PM
Add Hungary to the list. Wonder what the implications of this will be. 

Globalist/Rothshild/NWO/OneWorldGovernment appears to be losing traction across the globe.

Quote
Hungary Becomes First European Country To Ban Rothschild Banks

Hungary have become the first European country to officially ban all Rothschild banks from operating in the country.

In 2013, Hungary began the process of kicking out the International Monetary Fund (IMF), and agreed to repay the IMF bailout in full in order to rid the country of the New World Order banking cartel.

A kindly worded letter from Gyorgy Matolcsy, the head of Hungary’s CentralBank , asked Managing Director, Christine Lagarde of the International Misery Fund, as some have fondly nicknamed it, to close the office as it was not necessary to maintain it any longer.

The Prime Minister, Viktor Orban, seemed keen to ease off austerity measures and prove that the country could go it alone. It in fact issued its first bond in 2011, borrowing off the global markets.

Hungary borrowed €20 billion loan to avoid becoming insolvent during the economic crisis in 2008. But the debtee debtor relationship has not been smooth sailing.

Many criticised the Prime Minister as making an ill-advised decision in order to win an election, which was due in 2014. He also wanted to refrain from having too many foreign eyes on their economic policies, as many reforms were criticised as being undemocratic.

Paying the loan back early has meant Hungary have saved €11.7 million worth of interest expenses, but Gordan Bajnai, leader of the electoral alliance E14-PM, claimed that they had actually lost €44.86 million by March 2014 because of the early repayment as all they did was replace the loan from the International Mafia Federation (another nickname, we’re still talking about the IMF here) with a more expensive one, labelling the stunt as Propaganda .

And what made further nonsense; another loan at high interest rates was signed to finance a nuclear upgrade, which will mean not only higher repayments but also high electricity costs. But they do have economic sovereignty now.

Many have claimed that the IMF AKA ‘Imposing Misery and Famine’, are owned by the Rothschild group, the biggest banking group in the world, having their fingers in almost every central bank in the world. This means that not only do they make money off usurious interest rates at the misfortune of crumbling economies, they also literally own Governments and people of power – I mean they have considerable influence.

Escaping the banking clutches is therefore, iconic. Iceland joined Hungary in 2014 when it paid back its $400 million loan ahead of schedule after the collapse of the banking sector in 2008 and Russia, of course bowing down to no Western puppeteer, freed itself in 2005.

The return of these three countries to financial independence has been said to be the first time a European country has stood up to the international fund, since Germany did so in the 1930s. Greece is anxiously trying to make payments but missing them as we all stand on the sidelines routing for them to stick two fingers up to the ‘International M***** F******’.

http://www.anonews.co/rothschild-banks/
5114  Bitcoin / Wallet software / Re: Seed / Wallet question on: February 28, 2017, 06:30:26 PM
You'll need a separate address for bitcoin and eth.

The wallet should give you different addresses(or allow you to generate different addresses) to send different cryptos to your wallet.
5115  Bitcoin / Bitcoin Discussion / Re: Do you think the big names are invested already? on: February 27, 2017, 03:20:54 PM
Most billionaires focus on what they have backgrounds in whether it be real estate, finance, world markets, media, etc.

Its doubtful they would invest in things like bitcoin they have little knowledge or background in.
5116  Economy / Economics / Re: Capitalism on: February 27, 2017, 03:08:15 PM
One idea behind capitalism is, in a country with 10,000 people.

Every one of those 10,000 people have the right and freedom to start their own business, innovate an industry and own(copyright/patent) the ideas or inventions they create.

Under capitalism anyone could start a business that eventually goes on to become the next apple or google if they're smart and willing to put in the work.

Socialism is the opposite to this.

In a socialist country with 10,000 people, only a fraction of those 10,000 have the freedom to start their own business or own their ideas/inventions.

One might say capitalism is more effective at harnessing the collective intelligence, innovation and resources of a population which makes it s a better system.

While socialism hinders innovation and advancement.

This could be why capitalist south korea has a good economy and modern conveniences.

While socialist north korea lacks electricity and many basic modern amenities.
5117  Bitcoin / Bitcoin Discussion / Re: A simple way to decentralize discussions: copy-paste your posts on: February 27, 2017, 02:59:47 PM
Reddit is too pro censorship for my liking.

Its too easy for someone with a few farmed accounts to downvote topics and people they dislike into censorship obscurity.

Those who take time to research and educate themselves on topics are usually a minority.

Reddit catering to a majority who are often opposite to that, makes it a giant echo chamber in a lot of ways.

Its not a good place for discussion.
5118  Bitcoin / Bitcoin Discussion / Re: What if we make a 3-way hardfork and let the market decide? on: February 27, 2017, 02:39:50 PM
Those who support a btc fork, should create their own alt coin & invest the time and energy necessary to build it up.

There are too many people with strong opinions on block size who lack the experience or technical background to do a legitimate job with a bitcoin fork.

I think they would only succeed in ruining bitcoin's credibility if they forked it.
5119  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: February 27, 2017, 02:29:28 PM
Banks centralize currency and economic policy to make it easier for them to cater unfairly to the self interests of the wealthy.

Decentralized currency and economic policy in terms of crypto, do better in terms of equality and not showing favortism of one demographic over another.

In the '1600s, separation of church and state was a dire and pressing issue.

In 2017, separation of bank and state as well as greater separation of corporation and state may be issues in need of support.
5120  Bitcoin / Development & Technical Discussion / Re: Fundamental problem: Lightning Network leads to centralization and less security on: February 26, 2017, 05:18:28 PM
There is a fundamental relationship between speed and security.

Fast encrypted WIFI is always less secure than WIFI utilizing slower & more secure encryption.

The same paradigm applies to bitcoin transactions where you can have greater speed, but only at the expense of reduced security.

Spamming unconfirmed transactions could be a deliberate scheme to herd bitcoin users towards an uncertain future where they demand greater speed and sacrifice their security to obtain it.
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