skivrmt
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February 10, 2015, 10:32:53 PM |
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Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists. This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon. Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA. This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that. Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation. As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it. There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it. I 100% agree. It's not in the EU's best interest or Greece's best interest to leave the EU. In the end though, I think it's at least possible, many years down the road, as negotiations fail and their economy fails for them to "voluntarily" leave the EU...
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macsga
Legendary
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Strange, yet attractive.
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February 10, 2015, 10:42:53 PM |
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Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists. This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon. Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA. This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that. Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation. As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it. There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it. I 100% agree. It's not in the EU's best interest or Greece's best interest to leave the EU. In the end though, I think it's at least possible, many years down the road, as negotiations fail and their economy fails for them to "voluntarily" leave the EU... This pretty much draws it all very legibly. I have something to add though. Under the EU agreement, there's no "rule" that "forces" a country to leave. Actually, something like that is not documented. So, even if Schauble's or Varoufakis threats about Austerity or Not Austerity, New Agreement, or No New Agreement, it's simply "politics". As it's already said above, I'm waiting for a mutual understanding, a little bit of this, for a little bit of that, and a bittersweet outcome. Greece won't leave the EU but will have to pay a price. It's not possible or even sane for both parts.
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julian071
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February 10, 2015, 10:44:00 PM |
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Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists. This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon. Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA. This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that. Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation. As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it. There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it. Thank you for taking the time. Also, to the original poster, instead of your diminutive attitude to 'the lefties', how about acknowledging that the 'righties' that created this mess in the first place are finally displaced from power. Finally there's a change of course for the better.
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ejinte
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February 10, 2015, 10:49:40 PM |
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Is it just me, or is there really little buying pressure going on at the moment? Rather boring this island of relative stability we're seeing here. But at some point the whale boys will get bored and start dumping again probably.
Yep everybody has sold already. At this point everyone is hodling hard.
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ChartBuddy
Legendary
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Activity: 2324
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 10, 2015, 10:59:55 PM |
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CoinDox
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February 10, 2015, 11:21:18 PM |
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Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists. This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon. Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA. This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that. Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation. As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it. There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it. I can't stress enough how much I appreciate people like Vincent here. A clear and concise counter, based in economic realities, not economic "principles," to what global media / billyjoeallen has spun as the truth.
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Feri22
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February 10, 2015, 11:22:51 PM |
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strong buy imo
So it´s safe to say that this wasn´t another bull trap and we finally go only upupup? yupyupyup....I wonder when / if the scenario will repeat itself like every time...slowly up and then aggresive bull run....also don't see what could cause another huge crashes and long bear market like now...I have a theory that bitcoin is now preparing for the phase not going to the moon, but to the f**king another solar system with some state or bank investing in or some huge WS company...there is not much else from merchant acceptance what could ignition the new bull market, like microsoft is not enough...but also the bullrun in 2013 started after silkroad bust, which i thought was really bad for BTC...so if i learn something from these 2 years...if BTC wants (or the manipulators) to go up, it will go up even without "reason" and other way around....but it would be nice if the time will come soon though
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tempus
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Activity: 1960
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February 10, 2015, 11:31:08 PM |
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Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists. This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon. Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA. This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that. Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation. As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it. There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it. In short-terme I agree with you. But, longterm and in case of Greece: They won't stay in Euro because the simple fact, that they need a "softer currency". Their economic strenghts is not strong enough. For the next months I think, we will see some compromises on both sides (EU and Greece), because nobody has an interest that Greece leaves the Euro. But in longterm... I don't think they will stay. I don't think Euro will survive the next 10 years. We already see a "tearing dynamic" (don't know if it's the right word) in the EU-population. The next elections of the South-States could bring another parties like Syriza to power. Even germany (I'm from germany) is not immune for more extrem parties. And: Greece is just earlier than some others. Every state is over-indebted and some others will come to trouble soon. The only antidote are more liabilities and the central bank pumps the market... It's mathematically impossible that this game will end well. Most important: It's all about the banking-system. That's why even Obama and the US-finance-industry is in custody about Greece. The banking-system is over-indebted, more than the EU-States! It's like a house of cards. It doesn't need much to crash it.
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edwardspitz
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February 10, 2015, 11:45:36 PM |
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Hello Chartbuddy. I see you have expanded your operations since last time I was here.
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coins101
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February 10, 2015, 11:53:54 PM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
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damiano
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Activity: 1246
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103 days, 21 hours and 10 minutes.
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February 10, 2015, 11:58:17 PM |
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Is it just me, or is there really little buying pressure going on at the moment? Rather boring this island of relative stability we're seeing here. But at some point the whale boys will get bored and start dumping again probably.
Yep everybody has sold already. At this point everyone is hodling hard. Quite a bit shorts opened back up again, but I guess thats good, more longs opened up as well. Hopefully a short squeeze is coming in a day or two.
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BlindMayorBitcorn
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February 10, 2015, 11:58:53 PM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
I think the kids these days call it a 'pump'?
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ChartBuddy
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Activity: 2324
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 10, 2015, 11:59:55 PM |
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Omikifuse
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February 11, 2015, 12:22:44 AM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
same reason as peercoin was on the move some time ago: to make people think it is going to the moon so the pumpers can get profit
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coins101
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February 11, 2015, 12:38:44 AM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
I think the kids these days call it a 'pump'? over 13 months?
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coins101
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February 11, 2015, 12:40:53 AM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
same reason as peercoin was on the move some time ago: to make people think it is going to the moon so the pumpers can get profit 2FA being built into the blockchain, on a PoW coin? LTC money being redirected.
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Omikifuse
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February 11, 2015, 12:43:13 AM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
same reason as peercoin was on the move some time ago: to make people think it is going to the moon so the pumpers can get profit 2FA being built into the blockchain, on a PoW coin? LTC money being redirected. more details?? Wondering how 2FA could be implemented in BTC itself, since the 2FA device always can be nuked or destroyed by some other mean
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VincentX
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February 11, 2015, 12:48:40 AM |
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In short-terme I agree with you. But, longterm and in case of Greece: They won't stay in Euro because the simple fact, that they need a "softer currency". Why? What would that accomplish? Greece doesn't need a softer currency. Greece desperately needs economic growth. Their economic strenghts is not strong enough. For the next months I think, we will see some compromises on both sides (EU and Greece), because nobody has an interest that Greece leaves the Euro. But in longterm... I don't think they will stay. I don't think Euro will survive the next 10 years. We already see a "tearing dynamic" (don't know if it's the right word) in the EU-population. The next elections of the South-States could bring another parties like Syriza to power. Even germany (I'm from germany) is not immune for more extrem parties. The trouble with Greece, politically speaking, is not extremists (Syriza aren't extremists, just idiots). It is corruption. Greece scores very badly on this, just like every other country in the Balkan area plus Italy. Unless Syriza manages to come down hard on curruption, there isn't a lot of hope. The rest of the Union is doing alright and most members are doing their best to improve the situation. While it is natural for people to be sceptical of their government in the midst of a downpour, most Europeans (think 60%+) are still in favour of staying with the union. The percentage is even higher amoung the European youth, so there's hope for the future. The real disagreement is not about the union, but about policy. And: Greece is just earlier than some others. Every state is over-indebted and some others will come to trouble soon. The only antidote are more liabilities and the central bank pumps the market... It's mathematically impossible that this game will end well. Actually, most Eurozone countries are doing okay with respect to debts. It's important to keep in mind that it's the relative percentages that count, not the nominal amount. Higher debt isn't a problem if your economy can shoulder it. The problem with Greece is that it can't. It imports nearly twice as much as it exports and their government spends a whopping 160% of GDP. The economic troubles of any other EU country pale in comparison. Yes; Italy, Ireland and Portugal are still spending too much, but not as crazy much as Greece. The central banks aren't 'pumping' the markets, by the way. They are transferring wealth from the people to themselves through financial markets. QE is just a very advanced way of taxation. The net effect is cheaper loans for the governments.
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coins101
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February 11, 2015, 12:58:00 AM |
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Why is Darkcoin price on the move? PoW confirmation times down to sub 5 seconds
same reason as peercoin was on the move some time ago: to make people think it is going to the moon so the pumpers can get profit 2FA being built into the blockchain, on a PoW coin? LTC money being redirected. more details?? Wondering how 2FA could be implemented in BTC itself, since the 2FA device always can be nuked or destroyed by some other mean back half of the interview. https://letstalkbitcoin.com/blog/post/beyond-bitcoin-26-darkcoinSorry, I'm too pissed to find the discussion
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 11, 2015, 12:59:56 AM |
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