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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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SPC_Bitcoin
Member
 Offline
Activity: 112
Merit: 10
Coffee makes it all better!
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January 06, 2014, 10:29:54 PM |
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one thing you can always count on from the FED is lies and destruction.
wow, that guy's introduction, talk about an asslicking!
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NEVER GOT PAID.
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davidgdg
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January 08, 2014, 01:38:28 PM |
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To call her "Yidden" in your post title is neither clever nor funny
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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Borbolon
Member
Offline
Activity: 112
Merit: 10
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January 08, 2014, 02:07:23 PM |
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To 'yell' the title using caps like that, isn't very polite either..  |
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thaaanos
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January 08, 2014, 03:22:57 PM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? |
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 08, 2014, 10:14:03 PM |
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wow, not bad. the last days will be a funny ride |
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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January 09, 2014, 12:23:44 AM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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thaaanos
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January 09, 2014, 10:33:02 AM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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January 09, 2014, 10:37:38 AM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? Hey guy you wanna lend me a bit of money? I'll pay 10% interest. Of course it will be negative interest so you will get back 90% of what you lent me. The more the better, I can pay back the day after! |
Look inside yourself, and you will see that you are the bubble.
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thaaanos
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January 09, 2014, 11:19:30 AM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? Hey guy you wanna lend me a bit of money? I'll pay 10% interest. Of course it will be negative interest so you will get back 90% of what you lent me. The more the better, I can pay back the day after! Cool so bitcoin's deflation is diffrent because...? |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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January 10, 2014, 02:52:49 PM
Last edit: January 10, 2014, 06:34:26 PM by johnyj |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? From the first sight, negative interest will encourage lending, which in turn cause more investment/consumption. But the current problem is that there is no investment opportunity (except bitcoin) and no consumption motivation since most of the people have already accumulated too much debt Instead of reducing the debt, the banks just want to raise the debt at exponential rate, and paying back those old debt with future debt, this is a Ponzi scheme without end, since central bank could supply endless future money without any effort The result will be a large scale default or hyperinflation once the money printing no longer works, but it takes time for people to realize the scam nature of inflative monetary policy |
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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January 10, 2014, 05:37:16 PM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? Hey guy you wanna lend me a bit of money? I'll pay 10% interest. Of course it will be negative interest so you will get back 90% of what you lent me. The more the better, I can pay back the day after! Cool so bitcoin's deflation is diffrent because...? ... I won't lend my Bitcoins to just anybody. If I lend them it will be to fulfill a need not a want. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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thaaanos
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January 10, 2014, 09:56:01 PM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? Hey guy you wanna lend me a bit of money? I'll pay 10% interest. Of course it will be negative interest so you will get back 90% of what you lent me. The more the better, I can pay back the day after! Cool so bitcoin's deflation is diffrent because...? ... I won't lend my Bitcoins to just anybody. If I lend them it will be to fulfill a need not a want. Thats not the issue I am hinting... are you going to ask for interest? |
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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January 11, 2014, 12:20:47 AM |
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The Cow wants NEGATIVE interest rates...
Why isn't Deflation such a wonderfull thing? Deflation is a wonderful thing it discourages malinvestment, and savers benefit, there are 5 billion that live today in a world of scarcity that you predict will ensue with deflation, deflation isn’t bad, and it implies big change for the other 20% who will have to change there thinking and lifestyles. Why is inflation seen as a good thing? No the question here is why NEGATIVE interest rates are bad? Hey guy you wanna lend me a bit of money? I'll pay 10% interest. Of course it will be negative interest so you will get back 90% of what you lent me. The more the better, I can pay back the day after! Cool so bitcoin's deflation is diffrent because...? ... I won't lend my Bitcoins to just anybody. If I lend them it will be to fulfill a need not a want. Thats not the issue I am hinting... are you going to ask for interest? It depends! Interest is the cost of money. Generally an economy is complex, so complex it should only be measured not managed, in general if the economy is growing - increasing goods and services, there will be less demand for money, a rational player will save and not lend as the law of supply and demand will yield a higher return from saving. If the economy is shrinking and the demand for goods and services is unsatisfied, there will be an increasing demand for goods and services and thus a demand for money with interest. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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January 11, 2014, 01:34:11 AM |
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Wont this cause everyone to rush to hard assets like gold and real estate?
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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January 11, 2014, 01:45:31 AM |
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Wont this cause everyone to rush to hard assets like gold and real estate?
or Bitcoin? |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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January 11, 2014, 01:49:23 AM |
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Wont this cause everyone to rush to hard assets like gold and real estate?
or Bitcoin? ...or fine art....or Copper Penny hoards. Bitcoin I thought was a given.  |
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log2exp
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January 11, 2014, 04:51:57 AM |
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...or fine art....or Copper Penny hoards. Bitcoin I thought was a given. Just bought a lot of forever postage stamps. I bet the postal service will jack up the postage also. Still got send some cards to friends and relatives, few bill payments also. What do you guys think about the philately postage stamps, are they still hold value as collectibles or it's a deadwood hobby only? |
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DieJohnny
Legendary
Offline
Activity: 1639
Merit: 1004
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January 11, 2014, 05:28:02 AM |
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...or fine art....or Copper Penny hoards. Bitcoin I thought was a given. Just bought a lot of forever postage stamps. I bet the postal service will jack up the postage also. Still got send some cards to friends and relatives, few bill payments also. What do you guys think about the philately postage stamps, are they still hold value as collectibles or it's a deadwood hobby only? wtf.... |
Those who hold and those who are without property have ever formed distinct interests in society
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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January 11, 2014, 05:46:21 AM |
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...or fine art....or Copper Penny hoards. Bitcoin I thought was a given. Just bought a lot of forever postage stamps. I bet the postal service will jack up the postage also. Still got send some cards to friends and relatives, few bill payments also. What do you guys think about the philately postage stamps, are they still hold value as collectibles or it's a deadwood hobby only? When I was at school I was taught that unused stamps were legal tender and could be used as money. Forever stamps only hold value if you use them (buy pre inflation use post inflation) so long as the post office honours them. Here in Canada, they were pulled of the shelf the day the post office announced a 40% increase last month. You have the right idea Hayek I think it was proposed the idea of private issued tokens as money think StarBuks issuing a coffee token for fiat regardless of the fiat cost in the future it will be worth a coffee. I do the same thing on a personal level whenever I see a token redeemable in the future for the cost pre inflation. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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