tabnloz
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April 22, 2015, 07:32:37 AM |
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Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20. "Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently" |
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tabnloz
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April 22, 2015, 08:37:19 AM |
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Melbustus
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April 22, 2015, 08:41:24 AM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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hdbuck
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April 22, 2015, 09:25:09 AM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power. Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo. VCs better start stacking up bitcoins instead of funding scams tho. |
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cypherdoc (OP)
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April 22, 2015, 09:52:59 AM |
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cypherdoc (OP)
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April 22, 2015, 09:57:02 AM |
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No, author was simply a graduate international economics student in Chicago at the time. Simply his opinions, though good. |
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stereotype
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April 22, 2015, 10:11:52 AM |
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No, author was simply a graduate international economics student in Chicago at the time. Simply his opinions, though good. Yep, my bad. He now specialises in IP litigation/law.....which obviously he is wasted at.  |
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cypherdoc (OP)
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April 22, 2015, 10:13:35 AM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power. Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo. VCs better start stacking up bitcoins instead of funding scams tho. This is what is happening. And it's a huge problem for the financial folks because it is precisely the tech folks who provide them with their online virtual weapons. They don't have the first idea about how those weapons work nor how to build them themselves. They hire out tech mercenaries to do their dirty work but eventually those guys figure out the math and will privately defect. They're rotting from the inside out and they're beginning to wonder why they're feeling nauseous. |
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600watt
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April 22, 2015, 10:33:36 AM |
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http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world. The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…
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marcus_of_augustus
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Eadem mutata resurgo
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April 22, 2015, 11:05:20 AM |
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http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world. The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole… ... it reads like he went to the SR and it blew his mind. I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them. |
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molecular
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April 22, 2015, 11:22:54 AM |
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Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20. "Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently"omfg. Who do I need to call to make this happen? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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April 22, 2015, 11:25:11 AM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. Of course... if you've missed the boat, you don't want it to be true. It's become increasingly easier (cheaper) to get into the boat, though... so maybe some of the startup-investors (or startups themselves) manage to increase their "pure BTC side-bets" and the tides are turning. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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NewLiberty
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Gresham's Lawyer
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April 22, 2015, 02:29:00 PM |
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The Science Is Settled!!!
Is Economics a science now? The results just seem to be for sale to the highest bidders. The international war on cash is accelerating. What's next?...fine art, rare goods, will only exist in registries with a bank? After cash is banned, it's likely gold will be next. They tried it once before and this time they will succeed. While nations are trying to repatriate their gold and Wall Street issues paper gold, physical gold itself will be under attack. Well, I think their goal is not just to make life miserable, but to actually end it. It is illogical (to me, I am open to ideas!) that the Matrix-type total slavery as just the provider of energy without free will, movement etc would be the final goal. - They don't need it. Robotics can provide all the stuff that is needed, at max the "needed" amount of human servants could be a few times the population of the masters. - If possible, to avoid retaliation, as much people as possible should be killed at once, once the killing begins. They can always be let multiply afterwards when control is easier. - It has never happened in history that a country build concentration camps and they will not soon be filled with dissidents. (Or think of prisons if camp feels too bad.) Never. They have always been "correct" in estimating the "need" This is a dire warning to the thinking people in the USA. According to historical evidence, you are targeted for extermination. Reversing the course of the tide is wishwork, battling against it may in some cases be heroic, but escaping it is not very stupid either. To not sound repetitive, I repeat: The implicit goal in the actions that the money masters are doing, is total control and enslavement of mankind. It is already much further than most readers are able to understand. If that wasn't enough, they also have the explicit goal of killing off at least 90% of all people. While they have had the goal for decades at least, the reality has gone to the opposite direction. It is quite plausible that since reaching the total control of mankind enables killing off 90%, and both are the goals, one would follow the other. People are deficient in logic since they cannot comprehend this, drugged in the mind since they don't care about this, and hopelessly conditioned to lick their money masters' a$$ since they believe that this would not happen even though their masters say it will, and the people themselves are assisting it by staying in their jobs, in their tyrannical countries, not speaking out, not helping their neighbor when he is targeted, ... The only thing required for evil to triumph is that the good men do nothing. I am disappointed that the prosperity of the 1960s in the USA created a generation that has allowed all their liberties taken away from them in 50 years, and soon their life as well. One of the saddest things i ever saw was Detroit after the auto industry debacle...they outsourced the jobs and killed the middle class with one click of the mouse imho!The fed used to lower rates if unemployed rose which fired up the mfg creating more jobs and lowering employment again...yada yada yada! Now the fed lost a trick out of the bag because of corporate greed!!! But hey what do I know? Chef thinks I'm a creeper as my daughter jax would say! Peace and love....and remember peace excels all thought! Night! In case anyone missed it, the proposal in http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cashIncludes "Remove the fixed exchange rate between currency and central bank reserves/deposits."This takes inflation to a whole new level. When things like this are seriously proposed by the heads of the largest banks, we should understand that this is our time. We must make the most of it or be doomed. |
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justusranvier
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April 22, 2015, 03:17:46 PM |
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I've heard rumours of a trend among deep-pocketed individuals of warehousing physical cash. These trial balloons being floated about devaluing/banning cash might be aimed at them as a warning to knock it off. |
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cypherdoc (OP)
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April 22, 2015, 03:38:37 PM |
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oh noes. silver leading:  |
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Adrian-x
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April 22, 2015, 04:06:27 PM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power. Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo. VCs better start stacking up bitcoins instead of funding scams tho. I think this is happening, they first need to use their abilities to get BTC (earn it) when the metaphysical block halving happens (aka competition) they will start buying in. This may also happy at the same time as the actual block halving. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cypherdoc (OP)
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April 22, 2015, 04:14:48 PM |
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Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app." Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose. Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power. Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo. VCs better start stacking up bitcoins instead of funding scams tho. I think this is happening, they first need to use their abilities to get BTC (earn it) when the metaphysical block halving happens (aka competition) they will start buying in. This may also happy at the same time as the actual block halving. by my estimation, the last block halving frontrunning started 6 mo prior to the actual event. this time, i think it starts sooner than that. maybe even now, in fits and starts, but overall up with a real acceleration as we get closer. reason being, the extraordinarily long length of this last bear cycle of about a year and a half along with the deepness of this pullback. it's time. |
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brg444
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April 22, 2015, 04:33:46 PM |
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Although there is room for other states to have different regulations for virtual currency firms, there is a need for at least some consistency, Lawsky said.
“We’re going to see how this all shakes out. I think there’s room for federalism, but at the same time if you have a whole series of different rules and it becomes a crazy quilt patchwork, that can get hard to comply with,” Lawsky said on the sidelines of an event hosted by Dow Jones.
“We’ll have to see what other states do and other countries do, and if things don’t make sense we will take the next step,” he added. Seems to me Lawsky is starting to cave in after the outright objection of his "revised" proposition by a coalition of industry heads. I predict the final version will be considerably less constraining for businesses and might even get rid of the unnecessary and duplicate AML/KYC compliances. If this happens it will justifiably be celebrated by the industry and you can expect this "change of attitude" to be well publicized in the media. |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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cypherdoc (OP)
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April 22, 2015, 04:35:15 PM |
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