CryptoKilla
Member
 Offline
Activity: 112
Merit: 10
|
 |
June 01, 2014, 04:39:20 PM |
|
Very interesting article. Thank you for posting it |
|
|
|
|
|
|
|
|
|
|
|
|
No Gods or Kings. Only Bitcoin
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
bitbouillion
|
|
June 01, 2014, 05:42:41 PM |
|
Paul Krugman can keep arguing that debt doesn't matter, but I'll stick to real world economics and keep an eye on US debt lest this happen to me.
It's a bit different. This would never happen in the US in my opinion. If US can invalidate math, then yes. The theoretical upper limit is the interest paid on debt: an economy can't pay more interest than the face value of goods and services it produces. Of course, the Federal Reserve can simply reduce the interest rate near zero through a trick, as they are already doing for the US government (interest paid by the government on US debt held by the Federal Reserve (QE) is paid back to the government). They can to do it forever. But there is a price tag: it is destroying market mechanisms (interest market - the core of capitalism - through artificial interest rates), thus eroding capitalism on the long term and finally blowing up the currency. The only way out is the belief in Krugman's outer space alien attack. http://www.youtube.com/watch?v=KyxURk_c5dU |
|
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
June 10, 2014, 07:25:02 PM |
|
Saddam wanted to deal in euro, Gaddafi wanted gold based money. Also there is this:  We deliberately went after the most developed country in Africa, by our standards. There are far worse people we could have gone after, like the guy who runs into battle naked and eats children. That's not even a joke or hyperbole. It's all bullshit. I always assumed known it was all about proof. I remember being in Eastern Europe and everyone questioning why the most developed country in the entire reason got that crap. |
|
|
|
|
ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
|
June 13, 2014, 03:12:03 AM |
|
More 'cypruses' on the way.
Cyprus is what originally caused a lot of interest in BTC in early 2013 and it's run up. It allowed people to see the benefits of being able to control you money the way that BTC allows. |
|
|
|
|
|
devphp
|
|
June 13, 2014, 04:42:39 AM |
|
Cyprus is what originally caused a lot of interest in BTC in early 2013 and it's run up. It allowed people to see the benefits of being able to control you money the way that BTC allows.
Supposedly, other 'cypruses' will have a similar effect. |
|
|
|
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
June 13, 2014, 02:17:49 PM |
|
People are incentive driven. Too much of openly grabbing money will bite back.
|
|
|
|
cr1776
Legendary
Offline
Activity: 4018
Merit: 1299
|
|
June 13, 2014, 05:32:48 PM |
|
|
|
|
|
|
philX
Member
Offline
Activity: 210
Merit: 10
|
|
July 24, 2014, 07:54:30 PM |
|
|
|
|
|
|
|
gmx95
|
|
July 25, 2014, 05:00:09 AM |
|
I would not keep money in Cyprus. They try to convince people that it is safe now, but I doubt it.
|
|
|
|
|
devphp
|
|
July 25, 2014, 06:25:40 AM |
|
I would not keep money in Cyprus. They try to convince people that it is safe now, but I doubt it.
Cyprus was just the weakest link. You think others are much stronger? |
|
|
|
|
|
Dread Pirate Roberts
|
|
July 25, 2014, 06:35:49 AM |
|
thats really crazy . the bank can help you or not ? i dont know about the bank you used but i think bank can handle this to give your money back and track account of thief . and if i be like you maybe i just put my money in real bank who never online and never open it if i dont need it .
btw sorry for your loss
|
|
|
|
|
|
Sheldor333
|
|
July 25, 2014, 09:14:26 AM |
|
This is nothing else but stealing. That is what I am afraid of, even though I don't have not even close to 100k, still the less you have it seems you fear more of losing it, since it means more to you.
|
|
|
|
|
michaelwang33
|
|
July 26, 2014, 05:55:24 AM |
|
I would not keep money in Cyprus. They try to convince people that it is safe now, but I doubt it.
Cyprus was just the weakest link. You think others are much stronger? Other country's banks are stinger then Cyprus's banks are/were, however they are still generally unsafe by most standards. |
|
|
|
|
giveBTCpls
|
|
July 26, 2014, 10:55:04 PM |
|
Im scared AF to cash out on my little Bitcoins I have, it's very scary to know they can froze your entire saving accounts out of nowhere. My friend tried to withdraw 0.5 BTC and he got his bank account frozen until they basically want to unfroze it. I'll have to re-check im doing it all perfect if I ever want to withdraw some BTC.
|
|
|
|
cr1776
Legendary
Offline
Activity: 4018
Merit: 1299
|
|
July 27, 2014, 12:05:23 AM |
|
In hindsight, yes, things were clear, but not at the time.
We are dealing with two extremes here: freedom and authoritarianism. Whether the authoritarianism is socialism, communism, fascism, corporatism, dictatorships, or some other -ism, they are all cut from the same cloth: power-hungry people seizing the reins of a government by some method (elections, perverting the governing documents of the country, guns or whatever) and then attempting to control everyone else through force and deceit.
The fight isn't between the left and the right, but the free and the ones who want to control and enslave them by hook or by crook.
The sooner people realize the fight is between being free or not - and that includes attempting to use the government to live at the expense of someone else through getting something for "free" (free to them, someone is always paying), the better.
One hopes that Bitcoin will help to make it clear that what you earn belongs to you, not someone else merely because they want it.
+1000. TPTB want to paint it left vs right to obscure the real issues and the real sides of what is going on. Free or not. Controlling others or being in control of yourself. |
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
July 27, 2014, 06:56:17 AM |
|
Im scared AF to cash out on my little Bitcoins I have, it's very scary to know they can froze your entire saving accounts out of nowhere. My friend tried to withdraw 0.5 BTC and he got his bank account frozen until they basically want to unfroze it. I'll have to re-check im doing it all perfect if I ever want to withdraw some BTC.
I think what you mean is not "withdraw", but "sell", right? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
July 27, 2014, 07:01:42 AM |
|
In hindsight, yes, things were clear, but not at the time.
We are dealing with two extremes here: freedom and authoritarianism. Whether the authoritarianism is socialism, communism, fascism, corporatism, dictatorships, or some other -ism, they are all cut from the same cloth: power-hungry people seizing the reins of a government by some method (elections, perverting the governing documents of the country, guns or whatever) and then attempting to control everyone else through force and deceit.
The fight isn't between the left and the right, but the free and the ones who want to control and enslave them by hook or by crook.
The sooner people realize the fight is between being free or not - and that includes attempting to use the government to live at the expense of someone else through getting something for "free" (free to them, someone is always paying), the better.
One hopes that Bitcoin will help to make it clear that what you earn belongs to you, not someone else merely because they want it.
+1000. TPTB want to paint it left vs right to obscure the real issues and the real sides of what is going on. Free or not. Controlling others or being in control of yourself. I agree. Thanks for stating so clearly what shit is really about. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
Carlton Banks
Legendary
Offline
Activity: 3430
Merit: 3071
|
|
July 27, 2014, 02:38:19 PM |
|
The fight isn't between the left and the right, but the free and the ones who want to control and enslave them by hook or by crook.
The sooner people realize the fight is between being free or not - and that includes attempting to use the government to live at the expense of someone else through getting something for "free" (free to them, someone is always paying), the better.
It's been pretty clear to me for some time now that the left-right political spectrum was probably concieved as a way for the corporate and political classes to distort and polarise political debate, and most importantly to divide liberty into two camps. We can either subscribe to the freedom of the rich and influential meted out by corporate domination of the marketplace, or we can believe in social freedom with the government there to "enforce" it ("I command you to behave freely!"  ). Now, we even have corporate ownership of social contracts & infrastructure, and for a long time have had government regulating the marketplace to enforce social protections (and using the same legal frameworks to protect corporate dominance). And by packaging the free-market liberty with conservatism (which makes little to no sense) and free-association liberty with socialism (which also makes little to no sense), most populations end up living with the worst aspects of their flavour of governance, always delivered in a method of governing that is, minimally, soft authoritarianism. And the political and corporate classes get to enjoy the benefits of free markets and free association, although they admittedly pay for it with money and favours. It's all just one swirling, variegated web of cronyism and deceit. |
Vires in numeris
|
|
|
|
