noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 04, 2014, 06:21:45 PM |
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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oblivi
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November 05, 2014, 02:31:18 AM |
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Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.
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DhaniBoy
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November 05, 2014, 03:14:21 AM |
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fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ...  |
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
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worle1bm
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November 05, 2014, 04:16:47 AM |
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Fiat money works. We all use it regularly. Amazing.
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 05, 2014, 09:32:20 AM |
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Fiat money works. We all use it regularly. Amazing.
tell that to the zimbabwean |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 05, 2014, 09:33:59 AM |
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Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.
this is not just the fiat scam, the scam also about currency exchange of 160 currency was also faked to maximize the profit... |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 05, 2014, 09:36:10 AM |
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fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ... acceptance is better than last year, who knows next year ppl will prefer to accept bitcoin and keep profit as bitcoin |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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pattu1
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November 06, 2014, 12:23:57 AM |
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The printing part cannot be disputed by anybody.
It seems to have gotten a lot worse, with QE by different countries.
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worle1bm
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November 06, 2014, 03:31:39 AM |
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Fiat money works. We all use it regularly. Amazing.
tell that to the zimbabwean As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument? |
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 06, 2014, 06:09:45 AM |
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Fiat money works. We all use it regularly. Amazing.
tell that to the zimbabwean As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument? inflation, every fiat has inflation wether you feel it or not |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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Fabrizio89
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November 06, 2014, 06:23:15 AM |
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It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.
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worle1bm
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November 06, 2014, 06:24:49 AM |
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inflation, every fiat has inflation wether you feel it or not
Sure, so what? |
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 06, 2014, 01:22:17 PM |
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inflation, every fiat has inflation wether you feel it or not
Sure, so what? so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank). did you read the news do you realize what happened ? |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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noobtrader (OP)
Legendary
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Activity: 1456
Merit: 1000
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November 06, 2014, 01:23:39 PM |
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It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.
do you read the news  its forex exchange of 160 fiat currency manipulated. |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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Human0idx
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Activity: 3
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November 06, 2014, 07:15:54 PM |
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That's exactly what fiat is...
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worle1bm
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November 07, 2014, 12:46:10 AM |
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inflation, every fiat has inflation wether you feel it or not
Sure, so what? so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank). did you read the news do you realize what happened ? Who holds fiat? No one "invests" by holding fiat. |
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noobtrader (OP)
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Activity: 1456
Merit: 1000
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November 07, 2014, 04:52:51 AM |
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inflation, every fiat has inflation wether you feel it or not
Sure, so what? so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank). did you read the news do you realize what happened ? Who holds fiat? No one "invests" by holding fiat. and who is talking about "invest."  bahahahahahahaaaaa |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
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kolloh
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Activity: 1736
Merit: 1023
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November 07, 2014, 05:23:44 AM |
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So thats what is was this whole time, eh?
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worle1bm
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November 07, 2014, 06:57:06 AM |
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inflation, every fiat has inflation wether you feel it or not
Sure, so what? so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank). did you read the news do you realize what happened ? Who holds fiat? No one "invests" by holding fiat. and who is talking about "invest." bahahahahahahaaaaa :/ You are? Holding a currency makes no sense, why would someone hold a currency? |
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