tabnloz
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May 18, 2016, 09:01:52 AM |
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As a mere wanker-citizen of Bitcoinistan, my observations below may be of limited value, but certainly are on my mind.
And those are the Entrance Ramps and Exit Ramps. The only thing I have bought with BTC has been gold (Provident Metals, whose service by the way has been very good). Provident, like all legit US businesses, has to keep detailed records, especially of things like who they shipped gold to...
Buying BTC quietly (as in no bothersome IDs or KYC issues) is rather hard. Localbitcoins works fairly poorly in my city.
So, it looks to me like Armstrong may be right. If the Iron Fist comes down on Bitcoin, especially if done by enough countries, I think they can essentially destroy it as an alternative currency for us "regular folks". Clamping down on Bitcoin purchases for CA$H (etc.) and clamping down on businesses trying to cash in their BTC for currency (to pay bills, employees, etc.) looks rather easy for .gov to do. And governments get dangerous when they are under severe pressure, which is coming...
And that's really my biggest problem with BTC. The arguments (Core vs. Classic, price volatility, etc.), while nettlesome and even a little worrisome, are manageable for me. Crushing Bitcoin by a malevolent .gov (which, again, Armstrong may be reading correctly) is of greater concern.
I understand where you are coming from, but perhaps the law of unintended consequences will take over? If govt is in such a position to feel the need to attempt to ban some math based product does it lead to compliance from the masses or make it more desirable? Does the fear response continue or does real opposition begin? Does it show strength or desperation? I think the ban bitcoin terrorism/encryption/AML angle is dead in the water post Apple / WhatsApp (another unintended consequence).
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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OROBTC (OP)
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May 18, 2016, 07:32:03 PM |
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sidhujag and tabnloz
Thanks for the interesting comments. Indeed breaking the iPhone password & "backdoor" issues has perhaps burned the fingers of .gov. For the moment.
The phrase "Unintended Consequences" reminds me an awful lot like "The Black Swan"...
* * *
Another subject that I have been thinking about lately (as has Armstrong) is the War on Cash. With everything in digital, the possibilities are endless for hackers to steal money. I think this is a HUGE issue I have not yet seen addressed.
Permitting people to pay in whatever form they choose offers some security vs. hackers. It's also very supportive of personal liberty.
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sidhujag
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May 21, 2016, 09:35:26 AM |
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we already know USD is strong.... they are waiting for it to get stronger before unleashing QE4+.. all started by the plaza accord act in 1985. Ive been saying since 2010 to start loading up on USD beat that.
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pinky
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May 21, 2016, 12:46:04 PM |
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Ive been saying since 2010 to start loading up on USD beat that.
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sidhujag
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May 22, 2016, 07:47:02 PM |
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Nah 80 was too strong.. nothing wrong with what I said.. usd is pretty liquid but for people with hundreds of billions $ you can't just take a trade in one day you have to take time to build position for larger trend shifts. You just simply have no idea how to trade.
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pinky
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May 22, 2016, 08:24:34 PM |
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nothing wrong with what I said
You just simply have no idea how to trade.
Well, one thing is clear, you certainly don't know what are your talking about.
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sidhujag
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May 22, 2016, 08:50:57 PM |
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nothing wrong with what I said
You just simply have no idea how to trade.
Well, one thing is clear, you certainly don't know what are your talking about. Haha sure buddy..
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pinky
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May 22, 2016, 08:56:41 PM |
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nothing wrong with what I said
You just simply have no idea how to trade.
Well, one thing is clear, you certainly don't know what are your talking about. Haha sure buddy.. people with hundreds of billions $
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deisik
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English ⬄ Russian Translation Services
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May 22, 2016, 09:39:35 PM |
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The phrase "Unintended Consequences" reminds me an awful lot like "The Black Swan"...
Rather Black Mesa, at least to me
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sidhujag
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May 23, 2016, 03:08:55 AM |
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nothing wrong with what I said
You just simply have no idea how to trade.
Well, one thing is clear, you certainly don't know what are your talking about. Haha sure buddy.. people with hundreds of billions $
retailers dont move the market
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hdbuck
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May 23, 2016, 08:40:31 AM |
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Govs are powerless, Banks are hopeless, herds are clueless.
Tries at Ban it tax it regulate it govern it will only make bitcoin stronger.
Armstrong is out of his league here.
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valiz
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BTC trader
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May 26, 2016, 05:31:12 AM |
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What happened in 2015.75? We're still around.
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12c3DnfNrfgnnJ3RovFpaCDGDeS6LMkfTN "who lives by QE dies by QE"
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XXL66
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May 26, 2016, 04:46:06 PM |
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Martin is saying the euro is toast and europe will be toast if a brexit occurs. As a eu resident and if the euro tanks, i would rather have gold then euro's...
Take a look at long term gold in euro's, it has held much better then in $. As a matter of fact look in ANY other currency then the $, gold has held up very good are rcently made new highs in that currency.
I keep my physical gold, but will go long $ also.
I don't have confidence in the euro.
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OROBTC (OP)
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May 26, 2016, 04:59:01 PM |
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Martin is saying the euro is toast and europe will be toast if a brexit occurs. As a eu resident and if the euro tanks, i would rather have gold then euro's...
Take a look at long term gold in euro's, it has held much better then in $. As a matter of fact look in ANY other currency then the $, gold has held up very good are rcently made new highs in that currency.
I keep my physical gold, but will go long $ also.
I don't have confidence in the euro.
Thank you for the interesting update, XXL66. I really do not have any special insight into the euro, but I am inclined to believe what you write (and what Armstrong writes). The euro experiment seemed good, but perhaps was not designed well, or perhaps the wealth disparities among the European countries may doom it. If trouble comes to the world, I would agree, Europe will probably have more problems -- certainly at first -- that the USA. The RAPEFUGEE issue does NOT look like it ie being addressed well by Europe. And, as you write, a Brexit would hurt Europe. Holding at least some physical gold seems wise for everyone.
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hdbuck
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May 26, 2016, 07:38:30 PM |
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trollercoaster
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May 27, 2016, 12:50:22 AM Last edit: May 27, 2016, 03:34:00 AM by trollercoaster |
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What happened in 2015.75? We're still around.
"We're still around" Are you refering to socialists with complete confidence in government? your time is coming soon, and when the majority of you realise, that's when the fun begins. For many readers in here our confidence has already collapsed.
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OROBTC (OP)
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May 27, 2016, 03:56:38 AM |
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What happened in 2015.75? We're still around.
"We're still around" Are you refering to socialists with complete confidence in government? your time is coming soon, and when the majority of you realise, that's when the fun begins. For many readers in here our confidence has already collapsed. Yep. NONE of our financial problems have been solved. NO ONE (of significance) among the banksters has gone to jail. The corruption from the very top all the way down almost guarantees some kind of ugly collapse with the debts we have. Prepare.
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