Posted on 02/24/2014 7:28:46 PM PST by Aria
A made up currency with no intrinsic value invented by a hacker is having credibility issues. Who would have thought?
I have no idea what a bit coin is, but it sounds like a good place to lose a lot of money.
What about the freeze on withdrawals from BTC-E and Bitstamp? http://www.belfasttelegraph.co.uk/news/world-news/bitcoin-exchanges-halt-withdrawals-30003961.html
It will fall and then rise. The sky is the limit for Bitcoin and cryptocurrencies generally. Bitcoin is the killer app for central banks, the days of skimming as much as 9% of the GDP are over and they know it.
That is why at every turn they smear the technology.
Bitcoin and the protocol will and are moving forward. It may be slowed but it will not be stopped.
Actually it was an extraordinarily good investment last year. I have reason to believe it will stand the test of time...due to need and enthusiasm to have money not manipulated by the likes of the Federal Reserve.
We shall see.
Despite gritting my teeth right now...overall I agree with you.
Pretty much describes the Federal Reserve Note.
Or the Bolivar.
/johnny
When you really think about it, an all electronic monetary system in the hands of central bankers would be a nightmare.
Be careful what you wish for.
/johnny
I know .... Goxed. It sucks, a lot of folks got hurt. Like the “joint statement” said sometimes there are bad actors and the boss at Gox appears to be one. I was lucky, the Gox verification process took so long for me I said Eff this and got on to a few other exchanges. I was lucky and feel comfortable with where I landed.
I hope you can pick up and carry on if this is the case for you. This technology is the future and the future is now, literally!
No I didn’t go to Gox - I’ve just been watching the price flux....ey yi yi.
I expect it will rebound however.
OH.... Don’t sweat it Friend, your high and dry.
The guy’s and Gal’s who po po this are really just showing their ignorance. Have no idea in the world what is happening. There is going to be a rapid paradigm shift.
The fact is the banking system is obsolete and soon will be finished. They are not going to go quietly into the good night. The main problem for them is YOU CANNOT STOP AN IDEA WHO’S TIME HAS COME!
That's pretty much what we have in the US.
The M1 money supply isn't that large, compared to the M2, M3 and M4.
M1 being coin, cash, and checks.
Most of the rest is just bits in a computer.
/johnny
Fill in the blank:
Bit coin is backed by the good faith and credit of ________?
A bunch of hackers, which is probably better than our present governments, sad to say.
I have a comfortable position in this company.
The term DAC or decentralized autonomous corporation was coined by the founder Dan Larimer. They are at the forefront of what is known as Bitcoin 2.0.
They have assembled a kick ass team and are driving innovation. I have Protoshares which will entitle me to a share of every DAC developed through Invictus in the future. I meet the team at the North American Bitcoin Conference and looked them dead in the eyes. They are very serious about building this space out, they are not playing games.
I am also a founding member of their Keehotee platform. Basically a decentralized way to secure your digital identity. There is a lot to take in on their website, have a look around if you’re so inclined.
Yes, cash and barter are the last remaining ways to conduct business anonymously in the United States, and even then there are limitations.
Sure are. Are you sure these kids can pull a plow? ;)
/johnny
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