BTCTIME247
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Activity: 41
Merit: 0
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August 14, 2014, 09:31:53 PM |
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China, Russia and all the other American hating countries have already set wheels in motion for an orderly transition from the dollar. Bitcoin or not, the us dollar is already dead.
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Beliathon
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August 14, 2014, 09:50:32 PM |
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China, Russia and all the other American hating countries have already set wheels in motion for an orderly transition from the dollar. Bitcoin or not, the us dollar is already dead.
So true. |
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zedicus
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Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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August 14, 2014, 11:20:35 PM |
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The FEC gave us a huge advantage in this. Politicians can accept bit coin which means we can reward or punish politicians based on their bit coin policy positions. Citizens United in an indirect way also made bit coin protected speech.
The ability to accept bitcoin does not affect people being able to hold politicians accountable for their bitcoin (or other) policy stance. If someone wanted to donate money to a politician's campaign they could simply sell their bitcoin for fiat and donate fiat to their campaign. |
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yingfeng (OP)
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August 15, 2014, 06:35:56 AM
Last edit: August 19, 2014, 03:55:16 PM by yingfeng |
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If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
If it happens, the America would lost all first mover advantages on bitcoin and would have to start playing another cleverer 'Bitcoins' with all other countries, institutions and individuals at the same time . |
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Kayex
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Activity: 84
Merit: 10
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August 15, 2014, 07:13:59 AM |
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So would the btc value go down because the US hates it or will it go up because all of these other countries are going to use it for oil trades?
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yingfeng (OP)
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August 16, 2014, 03:01:43 PM |
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Putin said that Russia should aim to sell its oil and gas for rubles globally because the dollar monopoly in energy trade was damaging Russia's economy.
Does the America wake up？ Dollar has been in decline, they have to make a choice between bitcoin or something else....
Of cause, to other countries institutions and individuals, now it's the last opportunity to collect chips and build stockpiles.
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littlewizard
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August 17, 2014, 02:40:38 AM |
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It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
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yingfeng (OP)
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August 17, 2014, 04:20:00 PM |
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It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future... |
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annoyingorange
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Activity: 72
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August 18, 2014, 07:48:29 AM |
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I understand English is most likely not your 1st language... Reading this was painful and I gave up.
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Kayex
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Activity: 84
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August 18, 2014, 08:00:07 AM |
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It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future... I also agree with this statement. Very hard to implement deals with btc transactions. Money via bank transfer or something of the sorts is much more reliable than using a fluctuating currency like bitcoin. |
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botany
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Activity: 1582
Merit: 1064
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August 18, 2014, 02:34:25 PM |
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The oil producing countries could dump some of their $ holding for bitcoins. That would have an effect on the price.
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dompsairs
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Activity: 70
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August 18, 2014, 05:10:15 PM |
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Disruptive technology makes some nations take dumb decissions that they regret years later.
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hyperdimension
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Activity: 69
Merit: 10
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August 18, 2014, 05:49:51 PM |
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If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. |
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Yakamoto
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Activity: 1218
Merit: 1007
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August 18, 2014, 06:26:43 PM |
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If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. Exactly. I seriously doubt that another coin would go and take Bitcoin's place without Bitcoin dying first. And even then, I doubt that bitcoin would die for a long while. I wouldn't like a PetroCoin, but if it has to happen, it can happen. |
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KJO
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August 18, 2014, 09:40:11 PM |
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I understand English is most likely not your 1st language... Reading this was painful and I gave up.
I understood every word he said and applaud Yingfeng for bringing it up regardless of any broken english or not. |
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yingfeng (OP)
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August 19, 2014, 03:46:07 PM
Last edit: August 20, 2014, 03:39:06 PM by yingfeng |
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It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future... I also agree with this statement. Very hard to implement deals with btc transactions. Money via bank transfer or something of the sorts is much more reliable than using a fluctuating currency like bitcoin. In my opinion, the only reason that bitcoin can not be used in oil trading is political needs. In fact, if we ignor the political factor, bitcoin would be advantageous in oil trading in almost all aspects. At the same time, in some other areas in which the political factor is not very important , the situation would be different, bitcion could obtain fast development. |
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yingfeng (OP)
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August 20, 2014, 03:41:24 PM |
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If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. You said it. |
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CoolBliss
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August 25, 2014, 08:27:28 AM |
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Google translate still has a long way to go.  |
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PalmerLaura
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Activity: 116
Merit: 10
IPSX: Distributed Network Layer
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August 25, 2014, 08:41:06 AM |
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No sense his title making read badly confuse
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bornil267645
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August 25, 2014, 08:48:16 AM |
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Oil is the liquid gold of the century. And I doubt that the middle east will trade it for a virtual myth.  |
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