Global Currency Reset

[slimOl55]

Originally Posted by bowlinggreen

This bubble will pop sooner or later. Bitcoins will go back to being worth a few tens of dollars, if that.

That said, I wish I had bought a few hundred dollars worth back when you could get them for a few bucks apiece. I could have cashed out last week and been set for life.

...with 20/20 vision. Thats not what its all about. Would you have helped out your chosen charity or family with your gains? Surely, it's clear now that something is really wrong with our society, and time to see whats coming, and how should help each other to avoid the suffering. I really expected better of our generation - since we think we are so smart.

[bowlinggreen]

Originally Posted by slimOl55

...with 20/20 vision. Thats not what its all about. Would you have helped out your chosen charity or family with your gains? Surely, it's clear now that something is really wrong with our society, and time to see whats coming, and how should help each other to avoid the suffering. I really expected better of our generation - since we think we are so smart.

Help my family, yes, charity... probably not.

Moral dithering aside, don't YOU wish you had bought a couple of hundred dollars worth of bitcoins several years back, and held onto them?

[Roubignol]

Originally Posted by slimOl55

...with 20/20 vision. Thats not what its all about. Would you have helped out your chosen charity or family with your gains? Surely, it's clear now that something is really wrong with our society, and time to see whats coming, and how should help each other to avoid the suffering. I really expected better of our generation - since we think we are so smart.

If you are American, maybe ask if you can live in an egalitarian community (a small list here) or to find a farmer with a land, who would be interested to create one with you.

[deepsepia]

Originally Posted by bowlinggreen

Help my family, yes, charity... probably not.

Moral dithering aside, don't YOU wish you had bought a couple of hundred dollars worth of bitcoins several years back, and held onto them?

I did . . . not for any enlightened reason . . . just to purchase premium hosting services.

Now its paid for a new (used) pickup truck. 1 used Toyota Tacoma= 1.5 BTC, as of last week.

Its remarkable to see this mania, both the ride up, and now waiting for the inevitable collapse.

What comes next will be the fallout of these as they melt down. I think there's a longterm future in cryptocurrency as a technology, but there exactly zero logic in the notion of them being some appreciating asset.

[bowlinggreen]

Originally Posted by deepsepia

I did . . . not for any enlightened reason . . . just to purchase premium hosting services.

Now its paid for a new (used) pickup truck. 1 used Toyota Tacoma= 1.5 BTC, as of last week.

Its remarkable to see this mania, both the ride up, and now waiting for the inevitable collapse.

What comes next will be the fallout of these as they melt down. I think there's a longterm future in cryptocurrency as a technology, but there exactly zero logic in the notion of them being some appreciating asset.

You lucky devil.

People will always speculate in currency and gold. Which is why you can never count on ANY form of money being truly stable.

Unless we all switch to Communism, and prohibit such speculation worldwide, everywhere.

[deepsepia]

Originally Posted by bowlinggreen

You lucky devil.

People will always speculate in currency and gold. Which is why you can never count on ANY form of money being truly stable.

Unless we all switch to Communism, and prohibit such speculation worldwide, everywhere.

This is entirely random, a mania.

Major currencies have been remarkably stable for many years -- the dollar, the Euro; they might change %10-15 over the course of a year, that's a big move. Gold might move %25 in a year, but that would be a lot.

Cryptocurrencies are bouncing up and down %30 a DAY . . .

That's totally nuts.

It also makes them terrible currencies. I bought a Premium to one of the hosters, K2S, maybe 18 months back while back . . . I paid the [then] BTC equivalent of $90 or whatever it was at the time . . . but if I look at that transaction, valued at today's rates- I paid $7500 for it !

I am trying to think of anything like this we've seen in our lifetime. Not even the silver bubble, when Nelson Bunker Hunt tried to corner the silver market . . . that's not as big.

To put it in perspective: over the last ten years Amazon has gone up about 15X; Bitcoin did that this year . . .

[MrLinc]

Any of you guys watched Mr. Robot? This tv show is all about these things you're talking about, both the real concerns and the conspiranoic theories.

[Roubignol]

Originally Posted by MrLinc

Any of you guys watched Mr. Robot? This tv show is all about these things you're talking about, both the real concerns and the conspiranoic theories.

That's not really conspiranoic theories.
Look at taxes optimization, taxes fraud, both put in a same bag called as taxes avoidance.
What happen? A rotten part of the elites wrote laws to fuck the middle and the poor classes.
They went in front of cameras and said in 2009: "Tax heavens are dead".
And in 2017, we know that 350 billions of € are not returned to the states.
Apple hide 200 billions in offshore banks.
When you buy an Iphone in Europe, you pay the part of the Apple tax on the Iphone you just bought instead of Apple thanks to "tax heavens".
7900 billions of dollars are hidden in "tax heavens". 2000 billions more than in 2013.
Since 9 years, the central banks print a lot of money. This money is ventilated by private banks. They lend this money only to the richest.
99% of the money created by the central banks is confiscated by the kings of the stock market through hedge funds and never reachs the plumber or the guy who would like to invest in a new tool.

Do some researches. That's a huge scandal. We are sodomized everyday by people who finally are our ennemies, not our friends.
They do not return a part of the money that we give to them and that make them rich.

The best way to destroy this Ponzi of debts, would be to stop to contribute to this pyramidal system and to democraticaly request to our elites to write transparent and fair laws.
But people are like sheeps... addicted to their smarphone.

[deepsepia]

Originally Posted by MrLinc

Any of you guys watched Mr. Robot? This tv show is all about these things you're talking about, both the real concerns and the conspiranoic theories.

I love Mr. Robot, but like Man in the High Castle, since the Trump election, fiction seems pretty pale next to fact.

And similarly, the story of Bitcoin makes fiction seem thin by comparison. Some remarkable details about Bitcoin. Many of you may know that it was invented by someone with the alias of "Satoshi Nakamoto", and that to this day its not known who he really is, despite some claims.

Now here's the thing you probably don't know: approximately 2.5 million Bitcoins, with a value of roughly $30 Billion at today's value-- are lost, probably forever. That is, they're a code that was on some computer that's since crashed, or the password's been forgotten; they simply don't move, and probably can't ever move.

It gets stranger. This "Satoshi Nakamoto" -- not heard from since 2011-- had roughly 1 million Bitcoins, these have never traded (you can track which Bitcoins move, that's public information . . . sometimes you can infer who owns them).

So the inventor of Bitcoin has $10 billion in Bitcoins that he has never used.

Like I say, weirder than any fiction.

See:
http://fortune.com/2017/11/25/lost-bitcoins/

[seany65]

As far as I understand it, 'Bitcoins' don't actually exist, so how can anyone 'own' any 'Bitcoins'?

Also, if they don't exist how do you know that the inventor has $10 Billion of them? Maybe they have none.