OROBTC (OP)
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Merit: 1841
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June 27, 2016, 02:46:49 AM |
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trollercoaster & iamnotback
Some of the the worldwide pumps are now running out of gas, being freaked-out by Brexit. BTC has not benefited from Brexit, gold has.
I have been noting, iamnotback, that others have become wary of Chinese mining centralization. To my knowledge, this was not foreseen (or at least no discussions that I ever saw) by the Bitcoin pioneers.
China even devalued its Yuan tonight (US ET). I do not trust (duh!) China, but as you write, iamnotback, we would be fools to trust the US SEC or any equivalent regulators anywhere else.
Armstrong sure has that right: corruption is everywhere, all these .gov hands reaching to steal as much as possible.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Barnabe
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June 27, 2016, 08:24:12 AM |
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trollercoaster & iamnotback
Some of the the worldwide pumps are now running out of gas, being freaked-out by Brexit. BTC has not benefited from Brexit, gold has.
I have been noting, iamnotback, that others have become wary of Chinese mining centralization. To my knowledge, this was not foreseen (or at least no discussions that I ever saw) by the Bitcoin pioneers.
China even devalued its Yuan tonight (US ET). I do not trust (duh!) China, but as you write, iamnotback, we would be fools to trust the US SEC or any equivalent regulators anywhere else.
Armstrong sure has that right: corruption is everywhere, all these .gov hands reaching to steal as much as possible.
The US is devaluing the US dollar all the time, but people still trust them to store value. And I agree that corruption is everywhere, but everyone should also be careful not to trust too much private entities. Some of them have proven to be incompetent as well... |
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trollercoaster
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Activity: 1050
Merit: 1001
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June 27, 2016, 01:07:26 PM |
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iamnotback
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June 27, 2016, 02:21:15 PM |
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I have been noting, iamnotback, that others have become wary of Chinese mining centralization. To my knowledge, this was not foreseen (or at least no discussions that I ever saw) by the Bitcoin pioneers.
AnonyMint predicted it in 2013. BREXIT is causing a an initial rush into gold, but it could transition into a rush into USD and US investments, which would then be negative for gold. Armstrong may not be incorrect on his prediction for lower lows in gold. We'll see... |
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iamnotback
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June 27, 2016, 02:34:02 PM |
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The master plan appears to be to weaken Europe sufficiently that ISIS can overrun it. Then Russia comes in to rescue Europe and takes control. The future world run by China, Russia, and oligarchs. And BitCON's mining is controlled by China. |
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bitcoinisfurture
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July 02, 2016, 10:38:49 AM |
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Totalitarianism is not an inappropriate term, not simply because the financial realm holds such a great deal of wealth and power. The term was coined by the Italian Fascist dictator Benito Mussolini to praise the system he created where the ruling ideology dominated every aspect of citizens' lives.
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davis196
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July 02, 2016, 10:48:51 AM |
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... This thread is actually in honor of CoinCube (who started the very popular "Economic Devastation" thread).  But, that thread wanders into difficult philosophical terrain, and I am interested in hearing opinions (practical!) re what we can do about "Economic Totalitarianism": 1) The new War on CA$H (Zero Hedge is covering this tpoic pretty well) 2) ZIRP/NIRP 3) Whether any of our apparently worthless Prez candidates have any decent ideas to save our financial butts. And who is worse (the worst). 4a) Ideas that EACH of us might be able to do to defend ourselves from abusive .gov trying to take ever-more of our hard-earned money... 4b) Where assets like BTC, "alts", physical gold, foreign real estate, "Plan B", etc. may fit in... Ideas anyone? I´m too old to learn to program, nor interested (in this thread) in obscure discussions of Marxism, "idiots", personal attacks, etc. I want practical ideaz and resultz, fishez!Practical ideas?Run away in the jungle and stop using money.  Is this practical enough? The only defense against inflation is to buy real estate....that`s my advise. |
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OROBTC (OP)
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Activity: 2898
Merit: 1841
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July 02, 2016, 03:55:35 PM |
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davis196
The only big problem with real estate is that property taxes can get very high, sometimes higher than an easy way to USE your property (renting it out, farming it, etc.) can support.
Living in a nice house in a state (country) where property taxes are high can be a burden. The state I am living in charges about 1.5% of assessed value. And real estate is easy to tax, it is obvious and going anywhere... (At least our other taxes (in toto) are relatively low.)
Also real estate is illiquid if you might need the money...
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trollercoaster
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Activity: 1050
Merit: 1001
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July 05, 2016, 11:26:44 AM |
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wiked1
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July 05, 2016, 08:19:51 PM |
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Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard
ZeroHedge
by Tyler Durden
Jun 27, 2016 3:22 PM
On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen.
"This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I'd love to find something positive to say."
Strangely enough, he was not refering to the British exodus but to America's own economic troubles.
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wiked1
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July 05, 2016, 08:30:09 PM
Last edit: July 06, 2016, 09:20:00 AM by wiked1 |
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Bitstamp: Unverified Bitcoin Accounts at Risk of Government Seizure Pete Rizzo (@pete_rizzo_) | Published on October 16, 2014 at 23:01 BST http://www.coindesk.com/bitstamp-unverified-accounts-risk-government-seizure-28-days/Bitstamp said that accounts and account balances could be transferred to a third-party administrator or government authorities, who may in turn determine the ownership of any funds. Still, it cautioned that "the exact mechanism has not yet been determined". " After the due diligence process is complete, the remaining funds will be subject to government seizure for uses hopefully related to consumer protection and law enforcement education in this new area of commerce," the company said. No forfeited customer funds, it said, will go to the exchange itself. |
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wiked1
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July 05, 2016, 08:32:52 PM |
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[Bitcoin.com] - New EU Proposals Seek to End Anonymous Bitcoin Trading
By Kevin Helms - July 4, 2016 10224 8
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OROBTC (OP)
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Activity: 2898
Merit: 1841
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July 06, 2016, 04:12:52 AM |
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Today's naked display of .gov corruption and totalitarianism (re Comey & the Department of JustUs letting Hyena Rodent Clinton slither away again) should convince many of you doubters that our country (USA) is in truly dire straits.
-- Bitcoin well hidden is good.
-- Gold and other PMs, well hidden, are good.
-- Exercising your Second Amendment rights is good.
Be prepared. A bad storm is coming.
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iamnotback
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July 06, 2016, 05:59:55 AM |
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Smooth I also don't think it is viable to murder dozens of open source programmers because it would be difficult to obscure on that scale and thus the hacker community would likely rise up and retaliate (and win!). But in terms of stopping an immediate threat or making an example out of a serious threat which can be done in an obfuscated manner so as to not wake up the entire community, I think it is a realistic consideration. Perhaps avoiding outcomes below is contingent on carefully accessing the situation the potential victim has placed himself into. For example, attack the Russian oligarchs and you will be overtly assassinated. Attack the CIA or NSA and they will weigh the cost of murdering versus the risk of waking up the sheeople.
Is this paraphrased from some post by AnonyMint or TPTB_need_war, because it seems to be very close to my memory of what was written in the past. Even the use of the term 'sheeople'. |
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iamnotback
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July 06, 2016, 06:06:52 AM |
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[Bitcoin.com] - New EU Proposals Seek to End Anonymous Bitcoin Trading
By Kevin Helms - July 4, 2016 10224 8
The comments on the following page explain why the government can effectively regulate: https://news.ycombinator.com/item?id=12036825 |
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iamnotback
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July 06, 2016, 06:08:41 AM |
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A 4% difference in support for Leave over Remain is an insufficient mandate to insure that timely outcome. Cameron got what he wanted, which is a vote close enough to allow the technocrats (aka bureaucrats) to take control. |
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wiked1
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July 06, 2016, 08:58:03 AM
Last edit: July 06, 2016, 09:17:45 AM by wiked1 |
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... This thread is actually in honor of CoinCube (who started the very popular "Economic Devastation" thread). But, that thread wanders into difficult philosophical terrain, and I am interested in hearing opinions (practical!) re what we can do about "Economic Totalitarianism": 1) The new War on CA$H (Zero Hedge is covering this tpoic pretty well) 2) ZIRP/NIRP 3) Whether any of our apparently worthless Prez candidates have any decent ideas to save our financial butts. And who is worse (the worst). 4a) Ideas that EACH of us might be able to do to defend ourselves from abusive .gov trying to take ever-more of our hard-earned money... 4b) Where assets like BTC, "alts", physical gold, foreign real estate, "Plan B", etc. may fit in... Ideas anyone? I´m too old to learn to program, nor interested (in this thread) in obscure discussions of Marxism, "idiots", personal attacks, etc. I want practical ideaz and resultz, fishez!Practical ideas?Run away in the jungle and stop using money. Is this practical enough? The only defense against inflation is to buy real estate....that`s my advise. Over time real estate will be taxed over the inflation rate or at any rate they want even if that property is not earning income/revenue.This is how they even have control over your family home.In fact you dont really own your home and are just the registered keeper of deeds in some cases depending on what part of the world you live in and when there is global communism under the guise of some form of beneficial socialism they can do what they want.Some day you may have to justify why you flushed your toilet twice in the one sitting or turn on your lights after a certain hour? Tradeable assets that hold value and have some form of liquid market are always valuable in crisis and up to now asset holders have mainly escaped but times change in accordance with how desperate or despotic a regime becomes and asset seizures for "redistribution" to worthy causes(in mosts cases the the causes can be very regimes that enforce slavery)such as more bureaucratic staff funding or more regime enforcement with bigger budgets until there are more regime bureaucrats than actual citizens. Tyranny will come in the guise of safety and security and of course the envoirnment and health and safety are included because it is always best to hide the lie in the truth.Selective truth and doublespeak create the narrative as the tyranny rolls out and the sheeple have been slowly boiled like a frog. |
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