Bitcoin Forum
December 11, 2016, 12:34:23 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Media : Bitcoin is Done  (Read 4197 times)
tvbcof
Legendary
*
Offline Offline

Activity: 1988


View Profile
October 18, 2011, 10:42:28 PM
 #61

you have to remember that Bitcoin is MORE of a threat to the current system than even gold or silver.  why?  because the monetary task masters do not have any Bitcoin, at least that we know of.  at least the Fed has what they report they have of gold in Fort Knox which supposedly is the largest stash in the world.  with Bitcoin they don't even have a foot in the game which is why its SO threatening.

I dis-agree.  If "they" wanted a foot in the game, they'd have one for chump change.  The whole economy is now, what, $20 mill?  Taking a position would undoubtedly increase that somewhat even if they were careful, but we are still talking about a tiny tiny amount of money here.  Probably the cost of running just the US's military for a matter of seconds.

1481416463
Hero Member
*
Offline Offline

Posts: 1481416463

View Profile Personal Message (Offline)

Ignore
1481416463
Reply with quote  #2

1481416463
Report to moderator
1481416463
Hero Member
*
Offline Offline

Posts: 1481416463

View Profile Personal Message (Offline)

Ignore
1481416463
Reply with quote  #2

1481416463
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481416463
Hero Member
*
Offline Offline

Posts: 1481416463

View Profile Personal Message (Offline)

Ignore
1481416463
Reply with quote  #2

1481416463
Report to moderator
1481416463
Hero Member
*
Offline Offline

Posts: 1481416463

View Profile Personal Message (Offline)

Ignore
1481416463
Reply with quote  #2

1481416463
Report to moderator
1481416463
Hero Member
*
Offline Offline

Posts: 1481416463

View Profile Personal Message (Offline)

Ignore
1481416463
Reply with quote  #2

1481416463
Report to moderator
LightRider
Legendary
*
Offline Offline

Activity: 1488


I advocate the Zeitgeist Movement & Venus Project.


View Profile WWW
October 18, 2011, 10:46:34 PM
 #62

Reports coming in today that the US Dollar is dead due to >90% loss of value in the last 100+ years.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
October 18, 2011, 10:47:31 PM
 #63

another aspect of what i just said is that if the central banks ever got the sense that Bitcoin was unstoppable, heaven knows what they'd do to actually get a foot in the game.

which is precisely why i feel they are doing everything they can to try and prevent that from happening such as forum trolling despite what some of you believe.
johnj
Full Member
***
Offline Offline

Activity: 154


View Profile
October 18, 2011, 10:50:53 PM
 #64

another aspect of what i just said is that if the central banks ever got the sense that Bitcoin was unstoppable, heaven knows what they'd do to actually get a foot in the game.

which is precisely why i feel they are doing everything they can to try and prevent that from happening such as forum trolling despite what some of you believe.


Pffft, if anything they're just lookin at tips on how to print so much so fast Wink

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
October 18, 2011, 10:52:00 PM
 #65

you have to remember that Bitcoin is MORE of a threat to the current system than even gold or silver.  why?  because the monetary task masters do not have any Bitcoin, at least that we know of.  at least the Fed has what they report they have of gold in Fort Knox which supposedly is the largest stash in the world.  with Bitcoin they don't even have a foot in the game which is why its SO threatening.

I dis-agree.  If "they" wanted a foot in the game, they'd have one for chump change.  The whole economy is now, what, $20 mill?  Taking a position would undoubtedly increase that somewhat even if they were careful, but we are still talking about a tiny tiny amount of money here.  Probably the cost of running just the US's military for a matter of seconds.


no, step one would be to try and kill Bitcoin before it got off the ground.  that way they wouldn't have to put any money into Bitcoin at all which could paradoxically help legitimize it by making the price go up.

to this day no one has explained why the mtgox hacker would drive the price to zero without lifting his withdrawal limits ahead of time.
Steve
Hero Member
*****
Offline Offline

Activity: 868



View Profile WWW
October 18, 2011, 10:55:53 PM
 #66

you have to remember that Bitcoin is MORE of a threat to the current system than even gold or silver.  why?  because the monetary task masters do not have any Bitcoin, at least that we know of.  at least the Fed has what they report they have of gold in Fort Knox which supposedly is the largest stash in the world.  with Bitcoin they don't even have a foot in the game which is why its SO threatening.

I dis-agree.  If "they" wanted a foot in the game, they'd have one for chump change.  The whole economy is now, what, $20 mill?  Taking a position would undoubtedly increase that somewhat even if they were careful, but we are still talking about a tiny tiny amount of money here.  Probably the cost of running just the US's military for a matter of seconds.
Banks actually make a ton of money chasing weaker hands between gold and fiat currency...just when you think things are about to collapse, they slam on the brakes to the money printing machine and send gold plummeting.  Of course, they are well aware of this ahead of time and can front run.  They can certainly do this with bitcoin and with anything else.  As long as they control the supply of dollars and as long as the dollar has a significant value relative to everything else in the economy, they'll be able to keep doing it.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
MatthewLM
Legendary
*
Offline Offline

Activity: 1092



View Profile WWW
October 18, 2011, 10:58:47 PM
 #67

As long as that have the armies and weapons.

Bitcoin Extra Wallet | Peercoin Android Wallet
BTC: 1D5A1q5d192j5gYuWiP3CSE5fcaaZxe6E9  PPC: PH7fVn1Xs7nkUFmdwCX2ZRYfLPCSwGxAq9
tvbcof
Legendary
*
Offline Offline

Activity: 1988


View Profile
October 18, 2011, 11:02:37 PM
 #68

another aspect of what i just said is that if the central banks ever got the sense that Bitcoin was unstoppable, heaven knows what they'd do to actually get a foot in the game.

I do indeed hope you are right.  I've got a big bet on that happening eventually and working out in my favor.  But I consider it a long-shot.

which is precisely why i feel they are doing everything they can to try and prevent that from happening such as forum trolling despite what some of you believe.

My sense is that about half the people in these forums are to some extent, trolls (including myself), but I can detect very little evidence that there is any coordination here.

---

To follow-up on your next post, I doubt that 'they' are under the illusion that they could 'kill' Bitcoin dead or even drive the price to to a significantly low level (the designers were to clever for that.)  A good policy would actually be to keep it cranking along on life support if need be even, monitor and catalog the participants, and generally study it for weaknesses and exploits.  That may (or may not) be the phase we are in now.  I'm undecided.

fivebells
Sr. Member
****
Offline Offline

Activity: 462


View Profile
October 18, 2011, 11:14:13 PM
 #69

There are myriad groups building various projects, some private and some public. The best ones are generally private, as the profit motive is involved.
I'm mildly skeptical, mildly hopeful.  Wish all those clever folks the best from me.
tvbcof
Legendary
*
Offline Offline

Activity: 1988


View Profile
October 18, 2011, 11:50:32 PM
 #70

There are myriad groups building various projects, some private and some public. The best ones are generally private, as the profit motive is involved.
I'm mildly skeptical, mildly hopeful.  Wish all those clever folks the best from me.

Heh.  It is indeed helpful to keep things on the private side when the motivation is to profit...especially when the design is to profit by ripping people off.

Developments out of the Bitcoin community generally are far and away the most closed source I've been mildly involved with and also the most scam infested.  But the 'free market' tends to correct for such things...and we are down to $2.36/BTC as I tap this out.

Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!