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rouhaud (OP)
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August 06, 2011, 01:59:21 AM |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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berndl
Member
 Offline
Activity: 62
Merit: 10
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August 06, 2011, 03:58:04 AM |
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Who cares? Sooner or later they'll get their AAA+ rating back, because they're TBTF.
--berndl
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Da kann man "Danke" sagen: 1Me3icRWdw6znvJ6TeUjwp6SXuqq7UnpoT Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R11309-- berndl dankt |
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toffoo
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August 06, 2011, 04:01:51 AM |
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There's actually no such thing as a AAA+ rating. It's just AAA.
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FractalUniverse
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August 06, 2011, 08:19:48 AM |
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ouch will be likely wild markets open on sunday/monday lets see if bitcoins remain stable or rise http://www.bloomberg.com/news/2011-08-06/u-s-credit-rating-cut-by-s-p-for-first-time-on-deficit-reduction-accord.htmlStandard & Poor’s downgraded the U.S.’s AAA credit rating for the first time, slamming the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits.
S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based firm said yesterday. |
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JCbit
Newbie
Offline
Activity: 28
Merit: 0
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August 06, 2011, 09:53:03 AM |
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i'm also curious to see how this affects the bitcoin prices
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RogerR
Member
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Activity: 102
Merit: 10
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August 06, 2011, 12:58:15 PM |
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i'm also curious to see how this affects the bitcoin prices
Most likely through dropping US$ exchange rates... once SEPA trades start working again on MtGox, maybe sooner through Asian markets. Perhaps Chinese realizing now it'd be good to finally get into bitcoins after all? Same thing applies to mainstream US Americans.  |
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Anonymous
Guest
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August 06, 2011, 03:16:04 PM |
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This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
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AyeYo
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August 06, 2011, 03:30:21 PM |
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This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in.  |
Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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Anonymous
Guest
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August 06, 2011, 04:01:44 PM |
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This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. That's not to say there weren't other declines. |
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AyeYo
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August 06, 2011, 04:38:36 PM |
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wtf does that mean?
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Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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JeffK
Sr. Member
Offline
Activity: 350
Merit: 250
I never hashed for this...
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August 07, 2011, 06:31:36 AM |
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This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. That's not to say there weren't other declines. I can never tell if you just have zero knowledge about anything (especially economics), or if you have some Atlas-post-generating program that just strings words together. |
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TheGer
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August 10, 2011, 09:45:12 PM |
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The Stock Market is a completely rigged game. All they need to do is push a few buttons and stocks will rise or fall. This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. |
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AyeYo
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August 12, 2011, 09:53:52 PM |
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The Stock Market is a completely rigged game. All they need to do is push a few buttons and stocks will rise or fall. This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. That has nothing to do with the point I made. Also, if it was that rigged then Goldman wouldn't pay analyts and traders hundreds of thousands of dollars per year. They'd just have one guy at a terminal generating them infinite money. |
Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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JeffK
Sr. Member
Offline
Activity: 350
Merit: 250
I never hashed for this...
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August 12, 2011, 11:31:20 PM |
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The Stock Market is a completely rigged game. All they need to do is push a few buttons and stocks will rise or fall. This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. Yeah, I'm pretty sure that the DJI doesn't have up and down buttons to influence public opinion. This isn't mtgox we're talking about. |
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AyeYo
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August 13, 2011, 11:41:16 AM |
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The Stock Market is a completely rigged game. All they need to do is push a few buttons and stocks will rise or fall. This isn't news. We've been a AA country for quite awhile. The rating agency means squat. The market has known the truth.
Yea bro that's why the Dow fell 800 points in the last two days when the first downgrade news broke; obviously the downgrade was already priced in. Yeah, I'm pretty sure that the DJI doesn't have up and down buttons to influence public opinion. This isn't mtgox we're talking about. hahahaha  |
Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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Vladimir
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August 13, 2011, 11:46:41 AM |
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The only AAA+ institution I know is my wallet.dat
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FlipPro
Legendary
Offline
Activity: 1764
Merit: 1015
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August 14, 2011, 09:15:30 AM |
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The only AAA+ institution I know is my wallet.dat
LOL Solid Bitcoiner Response  |
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