[FACTS] Mandatory Altcoin Info

[Spoetnik]

I need to remind people that if you do not know about "currencies"
Then you should invest some time into learning about them.

I would advise finding and watching this documentary..
Money for Nothing Inside the Federal Reserve - Jim Bruce 2013

If you can watch that and not see the parallels between Altcoins i would be shocked.

Money for Nothing: Inside the Federal Reserve is an independent feature-length American documentary about the Federal Reserve written and directed by Jim Bruce, and narrated by Liev Schreiber. It examines 100 years of the Federal Reserve's history, and discusses its actions and repercussions the US economy leading to the late-2000s financial crisis. Bruce believes "a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank".[1] The film features interviews with Paul Volcker and Janet Yellen as well as current and former Federal Reserve officials, top economists, financial historians, famous investors, and traders who provide insight on the Federal Reserve System.[

https://en.wikipedia.org/wiki/Money_for_Nothing:_Inside_the_Federal_Reserve
http://www.imdb.com/title/tt2752724/

I got this video a couple years back in 2013 from File Sharing sites.
It seems to be on Youtube right now but i did not verify it.

So i hope you all get the point here.
This is about CURRENCIES.

Know what Quantitative-Easing means ?
Get it ? We all should be knowledgeable in at least the basics of what a currency is
AND THE HISTORY OF THEM.. so we don't repeat the same bad behavior.

There is no Crypto Regulations ..hell there is not even a rule banning Scams here.
Nor is there a Federal Reserve waiting to hand you all Bail-Out packages when you fuck this shit up.

[1715132203]

1715132203

[freebutcaged]

lol dude there is no use all you do here no one will listen because as long as you launch an ico and give a few bitcoins to your friends so they invest in it to make it look legit for other people and you could even use an escrow while when you list on exchange and then no one will buy because there is nothing of value to be bought, maybe at first you even trade a few bitcoins worth of the shitcoin yourself and maybe a few people profit in the middle but all it matters is the same people every time they want their profit and care nothing for the majority that loses in the end.

[Spoetnik]

Which is precisely what the documentary illustrates.

FIAT failed and so will SHITCOINS !

Get smart people or don't.. your choice.
Just take note of the bank run in the documentary where the economy collapsed in 24 hrs.
So you think the same would not happen with your shitcoin bags on Poloniex ?

Greenspan's own board members warned him.
He said literally the traders would not let the system fail. (when he was warned)
He admitted he was 100% wrong when it did.

What did they tell him was needed ? Regulations.

Sound familiar ?

Why do you think i proposed watching that movie ?

[ralphbtctar]

This industry is too new to tell wat will happen next, who will fail etc. dont you think?

[Minecache]

Subjective opinion doesn't make FACTS.

That's a fact.

[Spoetnik]

Subjective opinion doesn't make FACTS.

That's a fact.

The concept here is people should have some knowledge about the inner workings and history of currencies.
That is in fact ..a "Fact" 

That is like saying you should know about rockets to be a rocket scientist.

Sure there is a bit of what you refer to as subjective material in that movie.
But it is based on facts of real life events.

The movie is about the financial system collapsing because of worthless "derivatives" being traded.
..just like Crypto Coins.
The parallel between the two scenarios is disturbing.
Biggest difference is there is no Greenspan imposing regulations late and handing out Bernanke's bail-out packages in crypto.

Sadly history does repeat.

Greedy stock market guys pushed it to the end for every last cent.
EXACTLY like you are all doing here in Crypto.