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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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boraf
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May 23, 2014, 06:48:16 PM |
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The gas and oil post on another section is full of debate on this also. |
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Ron~Popeil
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May 24, 2014, 05:12:01 AM |
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The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders.
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bitsmichel
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May 24, 2014, 10:08:58 AM |
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The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders. The US cannot start war with Russia and China at the same time, its not a strategic decision. |
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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May 24, 2014, 02:39:00 PM |
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In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).
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CurbsideProphet (OP)
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May 24, 2014, 07:04:22 PM |
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In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).
I don't think this deal is significant enough to make much of an impact on the value of the USD. The actions of the Fed over the coming months and years will be much more relevant. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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pening
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May 24, 2014, 07:30:31 PM |
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The last two countries to try this were Iraq and Libya. This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade. |
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ganabb
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May 25, 2014, 09:44:13 AM |
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People in Russia obey the law? This is more likely to slow Russia down than it is to slow Bitcoin down.
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DonnyMontana
Newbie
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Activity: 28
Merit: 0
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May 25, 2014, 02:09:02 PM |
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Global currency on the way? If it doesn't seem to make logical sense, it usually makes some kind of sense behind the scenes.
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DustyRah
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May 25, 2014, 04:01:30 PM |
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This is just a energy deal between neighbors China and Russia. Are they supposed to exchange their money into USD to trade with each other? BTW, the Chinese are shit and drive a very hard bargain. Russia also does not give a pigeon's ass about China and know very well how cheap they are. It does not affect USD in any way because even in China USD is not allowed to be freely traded because they worry money will leave China. |
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TaunSew
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May 25, 2014, 06:05:54 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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DustyRah
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May 25, 2014, 10:22:20 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. |
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waldox
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May 27, 2014, 05:14:07 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. USA are in syria, iraq, libya, and not in north korea, is because of oil venuezla, and iran are next they have lots of oil too |
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waldox
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May 27, 2014, 05:15:03 PM |
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hopefully the chinese and russian or bric governments grow some braincells and use bitcoins as their reserve currency
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spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
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May 27, 2014, 06:34:17 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
no no no.. it's going to be like Rome... except everyone is now ruled by the same monetary system say for 3 countries. When....if the lazy dumbasses of this planet ever open their eyes things might change for the better.. Odds are they will never open them, things will crash and they will be to stupid to understand food and water are what wealth is and be begging for more paper... At least the Romans knew paper and fake coins are worth absoultly nothing... If it can be printed to infinity.. it will become worth nothing. |
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Skele
Full Member
Offline
Activity: 224
Merit: 100
VocalPlatform.com
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May 27, 2014, 08:54:00 PM |
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I see this as a very good thing. It clearly defines who is with who. The risk in that part of the world is growing stronger every day and where there is risk, smart business usually flees from it. That is the whole concept behind RISK MANAGEMENT. So if American manufacturing decides to move away from the far east, China's economy contracts creating problems. Such as what to do with all that energy they just signed a 30 year agreement with Russia to provide. Their economy began shrinking in 2007/2008 when the US went through the recession.
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 14, 2014, 11:15:56 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. USA are in syria, iraq, libya, and not in north korea, is because of oil venuezla, and iran are next they have lots of oil too The vast majority of wars are based on oil. |
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waldox
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June 20, 2014, 12:22:17 PM |
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yes
defund oil wars
hope they wake up and go bitcoin next
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Febo
Legendary
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Activity: 2730
Merit: 1288
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June 20, 2014, 12:38:41 PM |
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This deal is 10 years old. All is allready build. What is more important is But the BRICS countries — Brazil, Russia, India, China and South Africa, are making new Wold bank. For sure wil not be place for USD there. Maybe bitcoin.
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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June 20, 2014, 01:51:54 PM |
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US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. You really have no idea why all recent wars were fought? Oil dude...noone gives flying fuck for Saddam or Bin Laden or any of those pricks...all they want is Oil. If they get get it from Devil itself for cheap, they will side with him, no questions asked. In adition, it's not State that runs it all, it's private organizations. To be honest...FED is private organization...cmon now...get down to earth from that cloud of yours. |
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