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Author Topic: Bitcoin after the collapse of the Dollar  (Read 3512 times)
Lauda
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April 22, 2014, 07:21:27 PM
 #41

USD: I can make a bunch of cash transactions under $5,000 and it's not recorded anywhere
Bitcoin: I can make a bunch of transactions and every single one of them is viewable by everyone in a global database.  NSA's wet dream, how ironic.

People may or may not agree with your points here. But this one is absolutely wrong. How can anyone trace a BTC10 transaction back to you, unless you publish your wallet ID?  Grin
Bitcoin is truly anonymous, if you know how to use it. NSA can't really do much here.

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1537450677
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April 22, 2014, 07:23:57 PM
 #42

move to crypto is only a matter of time.
I just wonder what we'll have after 30 years  Roll Eyes
We'll have a world that is better in some ways, and worse in others.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Robert Paulson
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April 22, 2014, 07:58:48 PM
 #43

If the fed continues to taper we are heading to a deflation and a collapse in the stocks markets dragging along everything else including bitcoin.
Weak economy = Lower interest rates to encourage buying = Stronger USD  

low interest rates make people borrow more dollars.
every borrowed dollar is a new printed dollar.
printing dollars causes inflation and weakens the dollar.
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April 22, 2014, 08:16:34 PM
 #44

low interest rates make people borrow more dollars.
every borrowed dollar is a new printed dollar.
printing dollars causes inflation and weakens the dollar.

The biggest scam in the history of the world...

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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April 23, 2014, 03:15:09 AM
 #45

low interest rates make people borrow more dollars.
every borrowed dollar is a new printed dollar.
printing dollars causes inflation and weakens the dollar.
Yes, over a long period of time the dollar eventually weakens but I'm talking shorter lengths like a bear market.

During weak economic times like the great recession, the dollar was strong and mighty.  Reason being, other currencies fled to the dollar thus higher demand.

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bryant.coleman
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April 23, 2014, 05:22:27 AM
 #46

Russia has so much oil, they should be strong during a "Global economic collapse".
The USA also has huge amounts of oil, but our debt is off the charts ridiculous.

Yes. Partially correct. Both Russia and the US have huge deposits of petroleum. But there is a fundamental difference between the two. Russia is a net exporter of oil (out of the 11.9 million barrels they produce every day, they export some 9 million barrels, either as crude oil or as refined products). On the other hand, the US is a net importer of oil (they produce around 10 million barrels every day, but also imports another 14 million barrels, especially from Mexico and the OPEC).


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Beliathon
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April 23, 2014, 06:33:51 AM
 #47

I love this thread, and we should all endeavor to keep it on page 1

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
culexevilman
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Bitcoin is too valuable to be used as a currency


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April 23, 2014, 06:36:36 AM
 #48

waiting for the day dollar falls... Cry
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