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Author Topic: The big RESET - will bitcoin be ready ?  (Read 2871 times)
jim618
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June 01, 2012, 08:43:05 AM
 #1

This is a thought provoking presentation by Raoul Pal, a hedge fund manager, about the current state of the world economy and banking system:

http://www.scribd.com/doc/95493792/The-End-Game

I just hope Bitcoin will be ready to serve the masses if/when it happens.

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unclescrooge
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June 01, 2012, 09:26:05 AM
 #2

Yes it will.
 Bitcoin is what comes next the big reset Smiley

cbeast
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Let's talk governance, lipstick, and pigs.


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June 01, 2012, 09:43:07 AM
 #3

Bitcoin can be part of the solution, but the free-flow of information is the key to progress. I fear the backlash of oligopolists who would rather burn our civilization and industries rather than redistribute wealth. Data and networks must be preserved.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
hazek
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June 01, 2012, 10:43:40 AM
 #4

This is a thought provoking presentation by Raoul Pal, a hedge fund manager, about the current state of the world economy and banking system:

http://www.scribd.com/doc/95493792/The-End-Game

I just hope Bitcoin will be ready to serve the masses if/when it happens.

I'm just getting ready to read all of this, I'm delighted to see people in this community follow the correct stuff.

EDIT: Gah I thought this was a more comprehensive read, I didn't really learn anything new, oh well.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
meanig
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June 01, 2012, 12:53:10 PM
 #5

Yes Bitcoin is prepared. However I don't think the exchanges are prepared since any kind of capital controls will severely restrict their operations. As a community I think we should be doing more to encourage person to person exchanges.
proudhon
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June 01, 2012, 01:15:20 PM
 #6

People have been predicting this kind of thing for a long time.  Society will route around problems.  Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world".  IOW, chill the fuck out.
waspoza
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June 01, 2012, 04:17:19 PM
 #7

People have been predicting this kind of thing for a long time.  Society will route around problems.  Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world".  IOW, chill the fuck out.

+1
Gabi
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June 01, 2012, 05:18:46 PM
 #8

People have been predicting this kind of thing for a long time.  Society will route around problems.  Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world".  IOW, chill the fuck out.
+1
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June 01, 2012, 05:46:20 PM
 #9

People have been predicting this kind of thing for a long time.  Society will route around problems.  Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world".  IOW, chill the fuck out.
I think it will be very much like the collapse of the USSR but not quite as bad because the average person today has a lot more resources and opportunities available (thus ability to adapt) to them than the average Soviet subject had.
SpontaneousDisorder
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June 01, 2012, 06:22:16 PM
 #10

Its one big Ponzi scheme, and ponzis always collapse. Many people on this forum will attest to that.  Wink
cbeast
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Let's talk governance, lipstick, and pigs.


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June 01, 2012, 06:51:02 PM
 #11

America is too big to fail.   Undecided

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
nimda
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June 01, 2012, 07:29:34 PM
 #12

America is too big to fail.   Undecided
Aztec.
Inca.
Maya.
Rome.
Byzantine.
The Mongol Empire.
U.S.S.R.

 Wink

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proudhon
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June 01, 2012, 07:31:57 PM
 #13

America is too big to fail.   Undecided
Aztec.
Inca.
Maya.
Rome.
Byzantine.
The Mongol Empire.
U.S.S.R.

 Wink

Obviously they weren't big enough.
justusranvier
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June 01, 2012, 07:37:08 PM
 #14

Obviously they weren't big enough.
It's a good thing we got nearly the entire world in on the debt Ponzi this time. The US, EU, Japan, and the BRIC countries together are surely too big to fail, right?
proudhon
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June 01, 2012, 08:13:32 PM
 #15

Obviously they weren't big enough.
It's a good thing we got nearly the entire world in on the debt Ponzi this time. The US, EU, Japan, and the BRIC countries together are surely too big to fail, right?

Remind me, what does "fail" mean in this context?
jim618
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June 01, 2012, 10:05:06 PM
 #16

Remind me, what does "fail" mean in this context?

If you think of debt as an I-owe-you then "fail" in this context means widespread default or devaluation of the currency in real terms. In simpler English: lots of broken promises.

Promises like:
'I promise to give you a decent pension in return for a lifetime's work'
'All you contractors build me a house/ factory and I promise to pay you back'
'Lend me 5 years of your savings and I promise you will get the capital sum plus interest back'

Argentina in 2001 is probably the closest example I can think of, but writ large. If you google "Argentina corralito" you will get a flavour for the real world effects.

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Vod
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June 01, 2012, 10:06:57 PM
 #17

This is a thought provoking presentation by Raoul Pal, a hedge fund manager, about the current state of the world economy and banking system:

http://www.scribd.com/doc/95493792/The-End-Game

I just hope Bitcoin will be ready to serve the masses if/when it happens.

And if Bitcoin ever were to fail, Microcash is there!

I feel so peaceful sleeping at night.   Smiley

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SpontaneousDisorder
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June 01, 2012, 10:07:19 PM
 #18

The dinosaurs failed, I heard they were pretty big.
Cosbycoin
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June 02, 2012, 12:01:44 AM
 #19

The dinosaurs failed, I heard they were pretty big.


LOL nice one
niko
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June 02, 2012, 12:38:36 AM
 #20

People have been predicting this kind of thing for a long time.  Society will route around problems.  Things might get turbulent, but it's unlikely to get anywhere nears as bad as "the end of finance" or "the end of the world".  IOW, chill the fuck out.

+1

+2

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Your mining rig is on fire, yet you're very calm.
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