Bitcoin is a game of conviction

[Robert Paulson]

what are you talking about?
what does the fact that oil is sold in dollars has to do with the fact that the federal reserve prints money and distorts prices just so everything would be 2% more expensive?

money DOES NOT need to be stable, it NEEDS to reflect reality which means letting prices go both up and down according to supply and demand.
you want Janet Yellen to create a fantasy world for you where everything is stable but THATS NOT reality!

anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.

You're just dumb as an ox, aren't you?

The fed doesn't distort or regulate the prices of consumer products, the free market creates prices in our everyday life.

The fed regulates that the availability of dollars would be in par with the availability of oil. Because oil is so important in the economy, it can set the overall tune of monetary value.
For the economy to be effective, different parts of it have to be in tune with one another. There has to be similar understanding of value, to give it numerical form and to put it into equations. The central bank is like a conductor in a choir to keep different instruments in harmony.

In spite my several efforts to explain to you that monetary value stability is necessary for even the simplest of financial deals, you are still unable to understand it. You just can't comprehend on why would people want to know what their salaries are worth the next month. Or how much weight does your investment have in the next month. You are just too dumb and fanatical to absorb this information. All you have, are your bags of bitcoin and your distorted view of virtues, that has been heavily influenced by personal ignorance and greed. If you would have ran your own business just once in your life, then you would already understand the importance of a stable currency. You would understand how it would be hell to do business in an environment, that has a currency with highly unstable value. I bet that you even only heard about the existence of FED after you saw couple of conspiracy videos from youtube.
Anyway, you are a great example on why I despise the majority of bitcoiners. They are like the Bolsheviks were, eager for revolution but just too dumb to understand the causes and solutions for the current problems, so instead of helping the society, they created a whole set of new problems, that are even worse then before.

alright then, enjoy watching the economy collapse (for the 3rd time in 15-16 years).
how much more misery will you have to take until you realize your theory of stability engineering (also known as ignoring reality and real supply and demand) is causing you to starve?

[brg444]

what are you talking about?
what does the fact that oil is sold in dollars has to do with the fact that the federal reserve prints money and distorts prices just so everything would be 2% more expensive?

money DOES NOT need to be stable, it NEEDS to reflect reality which means letting prices go both up and down according to supply and demand.
you want Janet Yellen to create a fantasy world for you where everything is stable but THATS NOT reality!

anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.

You're just dumb as an ox, aren't you?

The fed doesn't distort or regulate the prices of consumer products, the free market creates prices in our everyday life.

The fed regulates that the availability of dollars would be in par with the availability of oil. Because oil is so important in the economy, it can set the overall tune of monetary value.
For the economy to be effective, different parts of it have to be in tune with one another. There has to be similar understanding of value, to give it numerical form and to put it into equations. The central bank is like a conductor in a choir to keep different instruments in harmony.

In spite my several efforts to explain to you that monetary value stability is necessary for even the simplest of financial deals, you are still unable to understand it. You just can't comprehend on why would people want to know what their salaries are worth the next month. Or how much weight does your investment have in the next month. You are just too dumb and fanatical to absorb this information. All you have, are your bags of bitcoin and your distorted view of virtues, that has been heavily influenced by personal ignorance and greed. If you would have ran your own business just once in your life, then you would already understand the importance of a stable currency. You would understand how it would be hell to do business in an environment, that has a currency with highly unstable value. I bet that you even only heard about the existence of FED after you saw couple of conspiracy videos from youtube.
Anyway, you are a great example on why I despise the majority of bitcoiners. They are like the Bolsheviks were, eager for revolution but just too dumb to understand the causes and solutions for the current problems, so instead of helping the society, they created a whole set of new problems, that are even worse then before.

alright then, enjoy watching the economy collapse (for the 3rd time in 15-16 years).
how much more misery will you have to take until you realize your theory of stability engineering (also known as ignoring reality and real supply and demand) is causing you to starve?

There's not much reasoning a person who believes we are currently living in a world where free market operates.

[tokeweed]

Its as simple as that, whoever has the conviction to believe in honest money will eventually end up very wealthy.
its hard to hold through all the booms and busts, just ask anyone who bought at 1$ and sold at 10$.

It's a game of trading and non-bias.

[unsoindovo]

Its as simple as that, whoever has the conviction to believe in honest money will eventually end up very wealthy.
its hard to hold through all the booms and busts, just ask anyone who bought at 1$ and sold at 10$.

It's a game of trading and non-bias.

we are talking about bitcoin!!!

not about

bit coin tis real.. and we can all use it!!!
there is no need to wait for
no need to wait until it is developed

[marcus_of_augustus]

what are you talking about?
what does the fact that oil is sold in dollars has to do with the fact that the federal reserve prints money and distorts prices just so everything would be 2% more expensive?

money DOES NOT need to be stable, it NEEDS to reflect reality which means letting prices go both up and down according to supply and demand.
you want Janet Yellen to create a fantasy world for you where everything is stable but THATS NOT reality!

anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.

You're just dumb as an ox, aren't you?

The fed doesn't distort or regulate the prices of consumer products, the free market creates prices in our everyday life.

The fed regulates that the availability of dollars would be in par with the availability of oil. Because oil is so important in the economy, it can set the overall tune of monetary value.
For the economy to be effective, different parts of it have to be in tune with one another. There has to be similar understanding of value, to give it numerical form and to put it into equations. The central bank is like a conductor in a choir to keep different instruments in harmony.

Anyway, you are a great example on why I despise the majority of bitcoiners. They are like the Bolsheviks were, eager for revolution but just too dumb to understand the causes and solutions for the current problems, so instead of helping the society, they created a whole set of new problems, that are even worse then before.

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

The media’s inscrutable brush-off of the Government Accounting Office’s recently released audit of the Federal Reserve has raised many questions about the Fed’s goings-on since the financial crisis began in 2008.

The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy.  It is the first audit of the Fed in United States history since its beginnings in 1913.  The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.

All that vitriol to deceptively misrepresent and deceive in the defense of a dying, corrupt sclerotic system. Do you have anything positive to leave behind for the world old man? Besides the delusions of stability and sweet and light in your centrally-planned utopia?

[cbeast]

not a cult, not a cult, not a cult

It worked for Steve Jobs and Bill Gates.

[marcus_of_augustus]

http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

The "conductor" hard at work making the economy play for you ... um, well not so much you, but you get the picture, right? right?!

NB: a trillion is a thousand thousand millions, a billion is a thousand millions. For all those doctors, teachers, dentists, nurses, soldiers and fireman who believe they needed stability in their value systems, it's a lot of pumpkins.

[marcus_of_augustus]

not a cult, not a cult, not a cult

It worked for Steve Jobs and Bill Gates.

cult of the federal reserve false gold works very well indeed, look how brainwashed resident pumpkin head is.

[unsoindovo]

not a cult, not a cult, not a cult

It worked for Steve Jobs and Bill Gates.

wow!!!
and what are you doing here???

fired from microsoft & apple???

i think this could be a record!!

ehehehe
sorry!!!

I could not resist..

i'm joking here!!

 

[AtheistAKASaneBrain]

Its as simple as that, whoever has the conviction to believe in honest money will eventually end up very wealthy.
its hard to hold through all the booms and busts, just ask anyone who bought at 1$ and sold at 10$.

It's also a game of knowing where you are today, and knowing what Bitcoin means on a broader spectrum. The problem is most people here are kids trying to speculate with the price and don't get what we are dealing with.