knight22 (OP)
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Activity: 1372
Merit: 1000
--------------->¿?
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August 07, 2014, 03:28:11 PM |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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odolvlobo
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Activity: 4312
Merit: 3214
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August 07, 2014, 04:16:22 PM
Last edit: August 07, 2014, 06:37:06 PM by odolvlobo |
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PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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SunBin
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August 07, 2014, 04:24:41 PM |
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How accurate is the news and figure on the report?
The link doesn't look like a reliable source.
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knight22 (OP)
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Activity: 1372
Merit: 1000
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August 07, 2014, 06:11:49 PM |
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How is that a fabrication? It is written black on white at page 131. |
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botany
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Activity: 1582
Merit: 1064
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August 07, 2014, 06:18:09 PM |
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We will have to wait and see whether any action is taken on this.
At least, it has become public now.
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RoadTrain
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Activity: 1386
Merit: 1009
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August 07, 2014, 06:24:22 PM |
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Another FUD. Right on the page 130 For example, an overnight PDCF loan of $10 billion that was renewed daily at the same level for 30 business days would result in an aggregate amount borrowed of $300 billion although the institution That's just a sum of transaction amounts, not that it says much. |
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odolvlobo
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Activity: 4312
Merit: 3214
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August 07, 2014, 06:50:07 PM |
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How is that a fabrication? It is written black on white at page 131. Sorry, "fabrication" was a very poor choice of words. "Misleading" or "out-of-context" are better descriptions. Here is an explanation of why the $16 trillion amount needs to be considered in context. Table 8 aggregates total dollar transaction amounts by adding the total dollar amount of all loans but does not adjust these amounts to reflect differences across programs in the term over which loans were outstanding. For example, an overnight PDCF loan of $10 billion that was renewed daily at the same level for 30 business days would result in an aggregate amount borrowed of $300 billion although the institution, in effect, borrowed only $10 billion over 30 days. In contrast, a TAF loan of $10 billion extended over a 1-month period would appear as $10 billion.
In other words, the Fed didn't loan anyone $16 trillion. |
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knight22 (OP)
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Activity: 1372
Merit: 1000
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August 07, 2014, 06:51:42 PM |
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So where this total comes from exactly?
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odolvlobo
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Activity: 4312
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August 07, 2014, 07:02:03 PM |
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So where this total comes from exactly?
How is that a fabrication? It is written black on white at page 131.
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efreeti
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August 07, 2014, 07:09:00 PM |
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Need an accountant or an auditor to explain what all these numbers mean.
Throwing a big number around doesn't mean anything without proper context.
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Weed Stuff
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Activity: 12
Merit: 0
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August 07, 2014, 07:56:50 PM |
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interested . this will be bigger . its btc will touch 5k next year .
i believe it will happened .
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Luckylui
Full Member
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Activity: 154
Merit: 100
STILL MISSING MY 12 BTC FROM SCAMOOLAHPAL! >:O
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August 07, 2014, 07:59:20 PM |
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Under the table dealing. Got to love the GOV.
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counter
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August 07, 2014, 10:00:01 PM |
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This is the kind of news that makes me bullish on Bitcoin. It's news like this that should be discussed at length by the average person. Nothing will change if people don't have a clue where the problems started or who plays the major roll in causing the problems.
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leopard2
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Activity: 1372
Merit: 1014
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August 07, 2014, 10:41:31 PM |
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interested . this will be bigger . its btc will touch 5k next year .
i believe it will happened .
either that or the financial system will be reset via a large war. US and R-USsia are working on it, Ukraine might be just a stage for a play, a show.  |
Truth is the new hatespeech.
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cp1
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August 07, 2014, 10:46:34 PM |
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Is there a website that doesn't have any pictures of Guy Fawkes on it that could truthfully summarize the findings and state them for regular people to read?
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po1992one
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August 07, 2014, 11:04:21 PM |
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I wouldnt call it shocking though. This is why we have Bitcoin where everything is clear and public
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Mobius
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August 10, 2014, 03:41:29 AM |
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It was really no secret that the Fed spent trillions on bailouts. I think the $16 trillion figure is somewhat inflated though. It is also important to note that all the money used to bail banks out has been paid back with interest (except the money lent to the automakers - it was really given to the UAW).
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robhimself
Full Member
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Activity: 154
Merit: 100
Calling out scams, one HYIP at a time...
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August 10, 2014, 05:41:11 AM |
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You guys do realize this article is from 2 years ago, right?
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yuriygeorge
Sr. Member
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Activity: 262
Merit: 250
I hate my family
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October 03, 2014, 02:11:14 AM |
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I don't know if you've been following the news, but the House of Representatives (US) has just voted in favor 333-92 for the Federal Reserve Transparency Act, aka Audit The Fed. I created a Government petition: http://wh.gov/iiFluPlease, if we can get 100k signatures, then we may be able to get the white house to force a vote in the senate! Please share |
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