Does anyone invest in Bitcoin?

I heard Bitcoin was a big pyramid scheme Scam.1 and that they can crash at any moment.:badgrin:


me too. been hearing it since I was buying it @ 300.00 and mining the hell out of it for years. heard all sorts of crazy crap about it, 99.9% of which was utter nonsense. My friends been laughing at me for years, so nothing anyone says bothers me at this point. I've heard it all.

and yes, it does have high volatility, so we can see some pretty good price swings.

price crashes do occur, however, each and every time thus far the price has recovered to a new all time high.

Price crashes = Buying opportunities.

it's up over 4K and likely heading for 5K and beyond, according to Wall St. analysts.

Wall St. is well beyond the point of waking up and is looking for a way in to list it, which will happen beginning this fall on the CBOE, so I'll hang onto mine.




Ethereum is a different animal altogether. That is no pyramid scheme. That is an absolute monster in the making, IMO.
I would not invest in any internet currency. If it looks like a scam, feels like a scam.Then it is a scam. Its a pyramid scheme.


ok, sure it is.

Things change. They're changing right now.

do some actual research and learn about this. or not. doesn't bother me one bit either way.

I've put plenty in this thread to allow people to learn on their own if they so desire and would be happy to discuss this with anyone that would actually like to, but I don't have time today to play a game of 'is not!' 'is too!' 'is not!'

carry on...
 
Major developments for Ethereum in Russia and Japan. These are new developments in addition to the Enterprise Ethereum Alliance mentioned previously in this thread.


The development in Russia follows a personal meeting a few months ago between Vitalik Buterin, the inventor of Ethereum and Vladmir Putin.

Ethereum Foundation Strikes Deal with Russian Development Bank - CoinDesk


"The non-profit dedicated to supporting development of the ethereum protocol has signed a partnership with Russian state-owned development bank Vnesheconombank (VEB).

Announced in a joint statement yesterday, the Ethereum Foundation will work together with the VEB to support its new blockchain research center, providing specialist training for distributed ledger technology and the ethereum platform."




And, in Japan, another major consortium is forming around Ethereum.

Mitsui O.S.K. Lines Teams Up With NTT DATA-led Blockchain Consortium


"On August 28, 2017, Tokyo-based shipping company Mitsui O.S.K Lines, Ltd. (MOL) announced that it will join the "Consortium to develop trade data sharing platform using blockchaintechnology" spearheaded by Ethereum blockchain-based AI research firm NTT DATA Corporation

MOL noted that current practices rely on burdensome documentation, which cause time delays, requires additional labor, and incurs additional costs. It joined the consortium in order to research and develop blockchain technology to better manage the flow of information for trade related procedures among logistic partners across industries.

As the latest member of the consortium, MOL joins with Kawasaki Kisen Kaisha, Ltd., Marubeni Corporation, Mitsui Sumitomo Insurance Company, Ltd., Mizuho Financial Group, Inc./Mizuho Bank, Ltd., Nippon Express Company, Ltd., NYK Line, Sojitz Corporation, Sompo Japan Nipponkoa Insurance Inc., Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., and Toyota Tsusho Corporation.

When it officially launches on August 30, 2017, the consortium will conduct research on trade procedures to integrate blockchain technology throughout banking, insurance, import/export, and logistics industries spanning across national boundaries."




Things happening literally all over the globe with these things at this point. Exciting stuff, exciting times ahead.....
 
I am by no means an expert, nevertheless, from what i can tell it is mostly your call. This post from Quora suggests that they are safe from theft, but they are very uncertain of the ultimate fate of this digital currency.
https://www.quora.com/Is-Bitcoin-safe
 
Last edited:
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

 
Ethereum to trade on Stockholm NASDAQ

Ethereum First: Investment Product Opens for Trading on Nasdaq Exchange - CoinDesk

"A first-of-its-kind investment product focused on ethereum is now open to investors on the Nasdaq Stockholm exchange.

Announced today, CoinShares, headed by former JPMorgan Chase trader Daniel Masters, is launching an exchange-traded note (ETN) for ether, the cryptocurrency that powers the ethereum blockchain. With the news, the ETN joins CoinShares's original bitcoin ETN offering, launched in 2015, in bringing a well-used mechanism from traditional markets to the world of cryptocurrency.

ETNs function similarly to exchange-traded funds, except rather than give investors access to a basket of assets, they generally give investors exposure to just a single asset.

In this way, more conservative investors wary about putting their money into funds that invest in multiple cryptocurrencies (some very new and yet to prove their use case), can invest now in only ether or bitcoin, the two cryptocurrency projects with the most market traction."


Don't say nobody toldja.....
 
Fueri- if the ETN invests exclusively in either Ether or Bitcoin I don't see the advantage over just buying either one through a coinbase account? Wow $5K for Bitcoin amazing! I guess Jamie Dimon's hit piece on bitcoin didn't scare anyone.
 
Fueri- if the ETN invests exclusively in either Ether or Bitcoin I don't see the advantage over just buying either one through a coinbase account? Wow $5K for Bitcoin amazing! I guess Jamie Dimon's hit piece on bitcoin didn't scare anyone.


No, I don't either, but that's you and I. I've got no problems buying and selling on the exchanges and storing them myself offline or leaving them on coinbase.

For those that are more comfortable dealing with a more conventional market this opens up the door for them also. Now they don't have to deal with crypto wallets and learning a new method. They call their broker, who makes the buy like any other fund. Along those same lines, but as an example of more conventional stocks, I've got no problems using Fidelity to make my own trades, but not everyone is. Some still use brokers, money managers, whatever, and for those people this is now an option for them to buy.




And yeah, bitcoin is a runaway train. I thought it was going to crack 6K yesterday. It topped 5800 at one point, now at 5700ish. I think it does go over that 6K mark easily in the next few weeks. We'll probably see some consolidation after this crazy blowup, but I doubt it comes back under 5500 until after the Segwit2x hard fork next month, so we likely go sideways for a bit and then back up, as part of this blowup is people looking to cash in on that.

I was long riding this wave into the fork and still am right now. May dump next time it knocks on the 6K door, but we'll see what the indicators look like.

As for Dimon, he has spewed this exact same shit years ago, almost verbatim. Meanwhile, he is also on tape in 2014 saying that BTC/blockchain was going to try to eat their lunch, so he has very good reason to dislike it and he knows it, as he's stated as much openly.

Also, Chase has filed several failed patent applications for a duplicate technology; and Chase is a member of the Enterprise Ethereum Alliance, so there is no disputing that he/they recognize blockchain for what it is in a future component of Fintech.

Jamie is speaking with a forked tongue, at best. The difference between 2014, when he first spewed his crap, and now is that people in the Fintech industry know better. An open ledger technology is not a fraud. It's the most open and easily verifiable tech in the history of banking/money. And then, there's the inconvenient truth of how much Chase has actually been fined for fraud, among other things, so that guy has no room to talk about 'fraud'.

Dimon is trying to stomp on something that he knows is trying to take a chunk out of his ass, IMO. Period. The market dipped a bit on his comments and then turned around and let loose a gigantic piss right into his cheerios...
 
Fueri- if the ETN invests exclusively in either Ether or Bitcoin I don't see the advantage over just buying either one through a coinbase account? Wow $5K for Bitcoin amazing! I guess Jamie Dimon's hit piece on bitcoin didn't scare anyone.


No, I don't either, but that's you and I. I've got no problems buying and selling on the exchanges and storing them myself offline or leaving them on coinbase.

For those that are more comfortable dealing with a more conventional market this opens up the door for them also. Now they don't have to deal with crypto wallets and learning a new method. They call their broker, who makes the buy like any other fund. Along those same lines, but as an example of more conventional stocks, I've got no problems using Fidelity to make my own trades, but not everyone is. Some still use brokers, money managers, whatever, and for those people this is now an option for them to buy.




And yeah, bitcoin is a runaway train. I thought it was going to crack 6K yesterday. It topped 5800 at one point, now at 5700ish. I think it does go over that 6K mark easily in the next few weeks. We'll probably see some consolidation after this crazy blowup, but I doubt it comes back under 5500 until after the Segwit2x hard fork next month, so we likely go sideways for a bit and then back up, as part of this blowup is people looking to cash in on that.

I was long riding this wave into the fork and still am right now. May dump next time it knocks on the 6K door, but we'll see what the indicators look like.

As for Dimon, he has spewed this exact same shit years ago, almost verbatim. Meanwhile, he is also on tape in 2014 saying that BTC/blockchain was going to try to eat their lunch, so he has very good reason to dislike it and he knows it, as he's stated as much openly.

Also, Chase has filed several failed patent applications for a duplicate technology; and Chase is a member of the Enterprise Ethereum Alliance, so there is no disputing that he/they recognize blockchain for what it is in a future component of Fintech.

Jamie is speaking with a forked tongue, at best. The difference between 2014, when he first spewed his crap, and now is that people in the Fintech industry know better. An open ledger technology is not a fraud. It's the most open and easily verifiable tech in the history of banking/money. And then, there's the inconvenient truth of how much Chase has actually been fined for fraud, among other things, so that guy has no room to talk about 'fraud'.

Dimon is trying to stomp on something that he knows is trying to take a chunk out of his ass, IMO. Period. The market dipped a bit on his comments and then turned around and let loose a gigantic piss right into his cheerios...

An open ledger technology is not a fraud.

The technology isn't a fraud. I'd be really surprised if you could find him saying that. Shocked.

The "currency" itself is a massive bubble. Lots of clueless people will lose serious money when it pops.
 
Fueri- if the ETN invests exclusively in either Ether or Bitcoin I don't see the advantage over just buying either one through a coinbase account? Wow $5K for Bitcoin amazing! I guess Jamie Dimon's hit piece on bitcoin didn't scare anyone.


No, I don't either, but that's you and I. I've got no problems buying and selling on the exchanges and storing them myself offline or leaving them on coinbase.

For those that are more comfortable dealing with a more conventional market this opens up the door for them also. Now they don't have to deal with crypto wallets and learning a new method. They call their broker, who makes the buy like any other fund. Along those same lines, but as an example of more conventional stocks, I've got no problems using Fidelity to make my own trades, but not everyone is. Some still use brokers, money managers, whatever, and for those people this is now an option for them to buy.




And yeah, bitcoin is a runaway train. I thought it was going to crack 6K yesterday. It topped 5800 at one point, now at 5700ish. I think it does go over that 6K mark easily in the next few weeks. We'll probably see some consolidation after this crazy blowup, but I doubt it comes back under 5500 until after the Segwit2x hard fork next month, so we likely go sideways for a bit and then back up, as part of this blowup is people looking to cash in on that.

I was long riding this wave into the fork and still am right now. May dump next time it knocks on the 6K door, but we'll see what the indicators look like.

As for Dimon, he has spewed this exact same shit years ago, almost verbatim. Meanwhile, he is also on tape in 2014 saying that BTC/blockchain was going to try to eat their lunch, so he has very good reason to dislike it and he knows it, as he's stated as much openly.

Also, Chase has filed several failed patent applications for a duplicate technology; and Chase is a member of the Enterprise Ethereum Alliance, so there is no disputing that he/they recognize blockchain for what it is in a future component of Fintech.

Jamie is speaking with a forked tongue, at best. The difference between 2014, when he first spewed his crap, and now is that people in the Fintech industry know better. An open ledger technology is not a fraud. It's the most open and easily verifiable tech in the history of banking/money. And then, there's the inconvenient truth of how much Chase has actually been fined for fraud, among other things, so that guy has no room to talk about 'fraud'.

Dimon is trying to stomp on something that he knows is trying to take a chunk out of his ass, IMO. Period. The market dipped a bit on his comments and then turned around and let loose a gigantic piss right into his cheerios...

An open ledger technology is not a fraud.

The technology isn't a fraud. I'd be really surprised if you could find him saying that. Shocked.

The "currency" itself is a massive bubble. Lots of clueless people will lose serious money when it pops.


He didn't say exactly what element he was referring to, only calling it a fraud. He has clearly stated he thinks it's a bubble any time anyone has asked for the past three years- and that is very definitely not what he said here.

Fact is, fraud requires intent. As this is a decentralized network, that is virtually impossible. Nobody and nothing is undergoing a conscious attempt to defraud or trick anyone else. His words were seemingly designed to paint it as something it clearly is not. It is more likely that it is Dimon here perpetrating the fraud, if anyone is, as the only defense for his choice of words that I can see is that he either doesn't know the meaning of the word "Fraud", which makes no sense as his company has been charged with it plenty of times, or he doesn't even know what blockchain is, which is completely and provably false.

Thing is old Jamie is smart enough to know you can't be sued for slander by a decentralized network any more than it can defraud you, so he can say anything he pleases, and that seems to be pretty much what he did. Can you imagine if he'd called Goldmann Sachs a fraud? lol. paper would be flying already...
 
I watched the interview and Dimon was vague when he used the term fraud to describe Bitcoin. He was smearing everything associated with cryptocurrency, not offering expert objective opinions. He appeared to be a guy with an axe to grind.

Now I have to say the meteoric rise in BC price appears bubble-ish. It would be interesting to see where the money is coming from and the sizes of the buys.
 
I watched the interview and Dimon was vague when he used the term fraud to describe Bitcoin. He was smearing everything associated with cryptocurrency, not offering expert objective opinions. He appeared to be a guy with an axe to grind.

Now I have to say the meteoric rise in BC price appears bubble-ish. It would be interesting to see where the money is coming from and the sizes of the buys.


it does indeed. I agree with that. the question is where on the hill are we. and the other thing that is becoming apparent is that this IS a new tech.

crash to zero or 'be closed down' as Dimon said it would be? not going to happen.



in terms of seeing where the money is coming from that's easy enough actually, at least to some extent.

see here Bitcoin (BTC) - Live Bitcoin price and market cap
 
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

This is an important post.

I notice you ignored this post, which is very important.. . .

Invest in land.

Bitcoin can evaporate if someone turns off the electricity.

See, the thing is, when you follow global politics, the IMF, the BIS, etc., you understand, that THESE are the folks that run the world.


Do you know what the petro-dollar is? These folks that meet at Davos, these are the puppets that formed the global economy at Bretton Woods after WWII, that meet at Bilderburg, etc., the "masters of the universe," as it were, they have a plan, and cryptos were never a part of it for them. These exchange systems allow way to much freedom for the average person, they do away with the need for rulers, institutions and governments.

AGW is NOT about global warming, it is about control of energy, resources, food, etc. Cryptos rely on energy, as does the information economy. If AGW were real, as real as they want the world to think it is, they would have gotten rid of the petro-dollar long ago.

This should give you an indication of how much of a real threat Cryptos are to Agenda 21, and what a long term risk they are to your personal portfolio. The global governments WILL either take control of cryptos, or pull they will pull the plug eventually, count on it. If they have started wars in every nation to take control of their banking systems, what makes you think they will not pull the plug on these if they become a threat to the established monetary order?

Seriously?

22449609_505295926505870_8303107209407837586_n.jpg


Satoshi Nakamoto on the matter

"It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."

One of his last posts before disappearing.
https://bitcointalk.org/index.php?topic=2216.msg29280...
 
. . . But I might add, I've always thought it a shame that USMB doesn't accept Bitcoin donations. If this site wants to be the foremost site of independent political thought on the web and attract independent thinkers, that is indeed what it should do.

Bitcoin is the currently the currency of non-partisan, anti-Deep State political thought.
 
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

This is an important post.

I notice you ignored this post, which is very important.. . .

Invest in land.

Bitcoin can evaporate if someone turns off the electricity.

See, the thing is, when you follow global politics, the IMF, the BIS, etc., you understand, that THESE are the folks that run the world.


Do you know what the petro-dollar is? These folks that meet at Davos, these are the puppets that formed the global economy at Bretton Woods after WWII, that meet at Bilderburg, etc., the "masters of the universe," as it were, they have a plan, and cryptos were never a part of it for them. These exchange systems allow way to much freedom for the average person, they do away with the need for rulers, institutions and governments.

AGW is NOT about global warming, it is about control of energy, resources, food, etc. Cryptos rely on energy, as does the information economy. If AGW were real, as real as they want the world to think it is, they would have gotten rid of the petro-dollar long ago.

This should give you an indication of how much of a real threat Cryptos are to Agenda 21, and what a long term risk they are to your personal portfolio. The global governments WILL either take control of cryptos, or pull they will pull the plug eventually, count on it. If they have started wars in every nation to take control of their banking systems, what makes you think they will not pull the plug on these if they become a threat to the established monetary order?

Seriously?

22449609_505295926505870_8303107209407837586_n.jpg


Satoshi Nakamoto on the matter

"It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."

One of his last posts before disappearing.
https://bitcointalk.org/index.php?topic=2216.msg29280...


I did ignore that post on the electricity, but only because I found it to be non-serious and intentionally so. In other words I thought the poster was just screwing around.

It is also wrong. It is a decentralized, global network with just under 10,000 nodes running. Nobody and nothing can just "turn off the electricity" unless they want to shut down the entire power grid of the planet and shut down the satellites that are now running nodes as well.

They can make it illegal and maybe they will try to do just that, which would be more on point to the actual discussion you seem to be forwarding.

Thing is, people have been saying this for quite a long time. Could it happen? Sure. Lots of things can happen, and people like Dimon at Chase are definitely going to give it a shot, which I have no doubt about, for the simple reason that it very definitely poses a threat to their absolute control of the system, so I don't actually disagree with you there. Those bastards will "lobby" their congresspeople to the best of their ability I have no doubt.

will they be successful. I don't know. what I do know is that they've been kicking it in the balls since Day 1 and the market is growing, uses are growing, adoption is growing, regulation is forming around it, but nothing to this point indicates a movement to make it illegal.

I'll hold my stuff for now, but I don't ignore the actions of the powers that be either, as I do obviously recognize the threat they pose with respect to these assets and their value.
 
Last edited:
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

This is an important post.

I notice you ignored this post, which is very important.. . .

Invest in land.

Bitcoin can evaporate if someone turns off the electricity.

See, the thing is, when you follow global politics, the IMF, the BIS, etc., you understand, that THESE are the folks that run the world.


Do you know what the petro-dollar is? These folks that meet at Davos, these are the puppets that formed the global economy at Bretton Woods after WWII, that meet at Bilderburg, etc., the "masters of the universe," as it were, they have a plan, and cryptos were never a part of it for them. These exchange systems allow way to much freedom for the average person, they do away with the need for rulers, institutions and governments.

AGW is NOT about global warming, it is about control of energy, resources, food, etc. Cryptos rely on energy, as does the information economy. If AGW were real, as real as they want the world to think it is, they would have gotten rid of the petro-dollar long ago.

This should give you an indication of how much of a real threat Cryptos are to Agenda 21, and what a long term risk they are to your personal portfolio. The global governments WILL either take control of cryptos, or pull they will pull the plug eventually, count on it. If they have started wars in every nation to take control of their banking systems, what makes you think they will not pull the plug on these if they become a threat to the established monetary order?

Seriously?

22449609_505295926505870_8303107209407837586_n.jpg


Satoshi Nakamoto on the matter

"It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."

One of his last posts before disappearing.
https://bitcointalk.org/index.php?topic=2216.msg29280...


I did ignore that post on the electricity, but only because I found it to be non-serious and intentionally so. In other words I thought the poster was just screwing around.

It is also wrong. It is a decentralized, global network with just under 10,000 nodes running. Nobody and nothing can just "turn off the electricity" unless they want to shut down the entire power grid of the planet and shut down the satellites that are now running nodes as well.

They can make it illegal and maybe they will try to do just that, which would be more on point to the actual discussion you seem to be forwarding.

Thing is, people have been saying this for quite a long time. Could it happen? Sure. Lots of things can happen, and people like Dimon at Chase are definitely going to give it a shot, which I have no doubt about, for the simple reason that it very definitely poses a threat to their absolute control of the system, so I don't actually disagree with you there. Those bastards will "lobby" their congresspeople to the best of their ability I have no doubt.

will they be successful. I don't know. what I do know is that they've been kicking it in the balls since Day 1 and the market is growing, uses are growing, adoption is growing, regulation is forming around it, but nothing to this point indicates a movement to make it illegal.

I'll hold my stuff for now, but I don't ignore the actions of the powers that be either, as I do obviously recognize the threat they pose with respect to these assets and their value.

Uh huh?

Barter your bit coin for food. The transaction requires that the guy who grew the crop has a bit coin account,

We have a binder full of morons.
 
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

This is an important post.

I notice you ignored this post, which is very important.. . .

Invest in land.

Bitcoin can evaporate if someone turns off the electricity.

See, the thing is, when you follow global politics, the IMF, the BIS, etc., you understand, that THESE are the folks that run the world.


Do you know what the petro-dollar is? These folks that meet at Davos, these are the puppets that formed the global economy at Bretton Woods after WWII, that meet at Bilderburg, etc., the "masters of the universe," as it were, they have a plan, and cryptos were never a part of it for them. These exchange systems allow way to much freedom for the average person, they do away with the need for rulers, institutions and governments.

AGW is NOT about global warming, it is about control of energy, resources, food, etc. Cryptos rely on energy, as does the information economy. If AGW were real, as real as they want the world to think it is, they would have gotten rid of the petro-dollar long ago.

This should give you an indication of how much of a real threat Cryptos are to Agenda 21, and what a long term risk they are to your personal portfolio. The global governments WILL either take control of cryptos, or pull they will pull the plug eventually, count on it. If they have started wars in every nation to take control of their banking systems, what makes you think they will not pull the plug on these if they become a threat to the established monetary order?

Seriously?

22449609_505295926505870_8303107209407837586_n.jpg


Satoshi Nakamoto on the matter

"It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."

One of his last posts before disappearing.
https://bitcointalk.org/index.php?topic=2216.msg29280...


I did ignore that post on the electricity, but only because I found it to be non-serious and intentionally so. In other words I thought the poster was just screwing around.

It is also wrong. It is a decentralized, global network with just under 10,000 nodes running. Nobody and nothing can just "turn off the electricity" unless they want to shut down the entire power grid of the planet and shut down the satellites that are now running nodes as well.

They can make it illegal and maybe they will try to do just that, which would be more on point to the actual discussion you seem to be forwarding.

Thing is, people have been saying this for quite a long time. Could it happen? Sure. Lots of things can happen, and people like Dimon at Chase are definitely going to give it a shot, which I have no doubt about, for the simple reason that it very definitely poses a threat to their absolute control of the system, so I don't actually disagree with you there. Those bastards will "lobby" their congresspeople to the best of their ability I have no doubt.

will they be successful. I don't know. what I do know is that they've been kicking it in the balls since Day 1 and the market is growing, uses are growing, adoption is growing, regulation is forming around it, but nothing to this point indicates a movement to make it illegal.

I'll hold my stuff for now, but I don't ignore the actions of the powers that be either, as I do obviously recognize the threat they pose with respect to these assets and their value.

Uh huh?

Barter your bit coin for food. The transaction requires that the guy who grew the crop has a bit coin account,

We have a binder full of morons.

Useful currencies have a relatively stable value.
Nobody wants to use one that has massive changes in value.
The crash is gonna be ugly.
 
Bitcoin blew up again, now well over 5k. Ethereum also climbing, trading at 330 right now.

In the meantime it seems the world is waking up to blockchain

'We are about to see massive disruptions': IMF chief on digital currency future

"We are about to see massive disruptions': IMF's Lagarde says it's time to get serious about digital currency"

Well, no shit, Sherlock. Lol.

"It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

"I think that we are about to see massive disruptions," Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.


Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon'scomments that bitcoin is a "fraud," Lagarde said it's important to look at the broader implications of technologies like digital currencies.

"I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes," she said. "It's a lot more than that as well."

This is an important post.

I notice you ignored this post, which is very important.. . .

Invest in land.

Bitcoin can evaporate if someone turns off the electricity.

See, the thing is, when you follow global politics, the IMF, the BIS, etc., you understand, that THESE are the folks that run the world.


Do you know what the petro-dollar is? These folks that meet at Davos, these are the puppets that formed the global economy at Bretton Woods after WWII, that meet at Bilderburg, etc., the "masters of the universe," as it were, they have a plan, and cryptos were never a part of it for them. These exchange systems allow way to much freedom for the average person, they do away with the need for rulers, institutions and governments.

AGW is NOT about global warming, it is about control of energy, resources, food, etc. Cryptos rely on energy, as does the information economy. If AGW were real, as real as they want the world to think it is, they would have gotten rid of the petro-dollar long ago.

This should give you an indication of how much of a real threat Cryptos are to Agenda 21, and what a long term risk they are to your personal portfolio. The global governments WILL either take control of cryptos, or pull they will pull the plug eventually, count on it. If they have started wars in every nation to take control of their banking systems, what makes you think they will not pull the plug on these if they become a threat to the established monetary order?

Seriously?

22449609_505295926505870_8303107209407837586_n.jpg


Satoshi Nakamoto on the matter

"It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."

One of his last posts before disappearing.
https://bitcointalk.org/index.php?topic=2216.msg29280...


I did ignore that post on the electricity, but only because I found it to be non-serious and intentionally so. In other words I thought the poster was just screwing around.

It is also wrong. It is a decentralized, global network with just under 10,000 nodes running. Nobody and nothing can just "turn off the electricity" unless they want to shut down the entire power grid of the planet and shut down the satellites that are now running nodes as well.

They can make it illegal and maybe they will try to do just that, which would be more on point to the actual discussion you seem to be forwarding.

Thing is, people have been saying this for quite a long time. Could it happen? Sure. Lots of things can happen, and people like Dimon at Chase are definitely going to give it a shot, which I have no doubt about, for the simple reason that it very definitely poses a threat to their absolute control of the system, so I don't actually disagree with you there. Those bastards will "lobby" their congresspeople to the best of their ability I have no doubt.

will they be successful. I don't know. what I do know is that they've been kicking it in the balls since Day 1 and the market is growing, uses are growing, adoption is growing, regulation is forming around it, but nothing to this point indicates a movement to make it illegal.

I'll hold my stuff for now, but I don't ignore the actions of the powers that be either, as I do obviously recognize the threat they pose with respect to these assets and their value.

Uh huh?

Barter your bit coin for food. The transaction requires that the guy who grew the crop has a bit coin account,

We have a binder full of morons.

Useful currencies have a relatively stable value.
Nobody wants to use one that has massive changes in value.
The crash is gonna be ugly.


The key word is 'useful'.

A roll of toilet paper in Venezuela will buy much much more than a million dollars of bitcoin.
 

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