evolutionpep
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Bitcoins
- Thread starter evolutionpep
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As of Jan. 1 weed is legal to purchase in CO without a med card. Our state government is putting a 25% tax on it. Fuckers.
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fastcashforcoins
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bitcoins will hold their value for as long as the people value the ability to send and receive money, instantly, from around the world.
think of bitcoins not so much as a "coin" but a service. bitcoins are a method of moving money around. faster, safer, and cheaper than any conventional method.
evolutionpep
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evolutionpep
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Lol! Gotcha bro
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evolutionpep
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Will the other digital currencies deflate BTC in any way?
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I love the idea of bitcoins, I just don't see governments allowing it, banks run the world, if they start losing "money" due to bitcoins it's over.
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evolutionpep
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I agree. That's kinda why BTC interest me. Just in case to have a few for when shit hits the fan.
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evolutionpep
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The losing money part is already happening. I have a associate that owns 6 figures worth. Went to BOA to send a wire for more and they literally kicked him out. He is with Wells Fargo now lol.
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fastcashforcoins
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would rather be here than any where else.
i dont agree with our gov't on the majority of things. but who in history has?
besides. nothing Obama can do will effect my day to day life. im self sufficient, and self employed in an industry that cant be touched.
they only have power if we think they have power
fastcashforcoins
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but since they cant end bitcoins, they only have one option. to get their piece of the pie. give it a couple years, but we will see banks trying to gett in on the action and bein facilitating bitcoin to USD conversions.
evolutionpep
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your 100x better off buying hard assets and having some gold, silver or precious gems in hand. When the US economy does collapse most likely there will be outages in the Internet which means those bitcoins will be worthless.
jrock00123
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evolutionpep
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evolutionpep
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Agree on this also!
even keeping at least a couple grand in cash is a good idea in a home safe, buried, etc. Anything except having all of your money tied up in the electronic form, which is bank deposits.
The 10K daily cash withdraw limit will prevent bank runs in case of another major loss in confidence like during the Great Depression. IMO having the safety of having cash in hand far outweighs the miniscule returns in interest that banks are paying depositors which is only a fraction of the real rate of inflation anyway.
evolutionpep
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evolutionpep
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Anyone heard of Ripple coin? Supposed to rise in value. Right now at 2 cents per coin.
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the problem with all these new forms of payment/money being created is that they are all still 100% fiat.
evolutionpep
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any type of currency not directly tied to a commodity is open to devaluation, but that's not how money is supposed to work in theory. Dating back to the Romans every single fiat currency in the world has failed.
evolutionpep
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I by no means argue that statement. But someone that bought in early and sold at its peak is a winner no matter how you look at it and no matter what happens to that currency. BTC could be worth a dollar in a month, the people that bought early and sold at peak made money and were smart.
Now if you held onto it and it eventually dies than thats the risk you take.
But there is some value in these digital currencies
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evolutionpep
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Bump for Bitcoins!
fastcashforcoins
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i think we should focus more on the service bitcoins would provide our community and communities like ours...
is the market volatile? yes. is it risky to buy and hold onto coins? of course. no arguing that.
but the ability to purchase bitcoins and send them off immediately to transfer money or to pay for merchandise is a great opportunity for our community because regardless of what the bitcoin market is doing, we will be unaffected.
buy coins, send immediately. receive coins, sell immediately. 100% safe.
is the market volatile? yes. is it risky to buy and hold onto coins? of course. no arguing that.
but the ability to purchase bitcoins and send them off immediately to transfer money or to pay for merchandise is a great opportunity for our community because regardless of what the bitcoin market is doing, we will be unaffected.
buy coins, send immediately. receive coins, sell immediately. 100% safe.
evolutionpep
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evolutionpep
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Like it or love it, bitcoin has been a constant theme of headlines for the past year, as 2013 marked its coming of age.
Last year?s nerd money fad has become this year?s most talked about product.
Ultimately, nature abhors a vacuum and with western political leadership an increasingly distant memory, citizens are becoming increasingly restive about the parlous state of financial governance. Throughout the West, the ravages of quantitative easing [QE] have helped the wealthiest prosper, while ordinary citizens have struggled through a grinding economic plight, which has left voters feeling increasingly abandoned by government.
Into this void has stepped something which had been mooted for many years: a popular electronic currency. Bitcoin is filling a gap self-interested central bankers are keen to suggest doesn?t need filling. Establishment media has been wrong-footed as the Copernican Revolution in finance creates not just bitcoin but a series of parallel financial universes where independent money is at the center of commerce, as opposed to government manipulated fiat currency.
Meanwhile, bitcoin may not be the cryptocurrency the world uses in a decade and the biannual obituaries may yet prove right! As 2013 concluded, BTC?s value had multiplied albeit off its highs after the Bank of China endeavored to close the door to the threat of a backdoor floatation of the renminbi.
In reality, BTC is still remarkably small - growing exponentially from about 142 million dollars to circa 8 billion by Christmas. In other words, the total value of bitcoin amounts to the annual GDP of the Bahamas. Clearly bitcoin isn?t economically significant, yet. However, it now has its first ATM and many have bought beers, lattes and even homes with BTC this past year.
Naturally bankers of all shades are scared of losing their monopolist grip on money, yet given the vast inefficiency of their decrepit systems, it is probably already too late. Decentralized money is an idea whose time has come. Bitcoin is the breakthrough currency creating a widespread consciousness that there is an alternative to holding greenbacks, or lugging a trunk full of gold around.
Photo from www.casascius.com
Perhaps the most surprising thing about bitcoin is, in essence, the banality of the arguments. When all else fails, skeptics just cry tulipmania. Indeed, bitcoin bubbled and almost halved in value before the year?s end, but then again, thanks to the idiocy of the banker-government nexus in the last decade, just about every asset bubbled then and a great deal are bubbling now, like art and classic cars, thanks to QE [quantitative easing].
Yes, people steal bitcoins and these thefts are techno-mythologized by scaremongering media. Yet stealing bitcoin is just a virtual variant of traditional pickpocketing. Indeed BTC has been used to finance crime, just like the dear old anonymous bearer bond dollar is beloved of drug cartels. Some American security agencies have expressed concern about their lack of control over bitcoin, but they had an annus horribilis, during which, despite their vast overarching eavesdropping capacity, they still failed to see their own currency woes coming.
While price inflation is the first thing everybody recalls about bitcoin in 2013, what really defines its incredible year was how it slipped out of nerds? virtual wallets into the mainstream. An 8 billion dollar asset leveraged its value to dominate the headlines and gain widespread recognition. Germany legalized it and many nations acknowledged it - even the US courts. That Norway called it an asset was seen as a dreadful slight; rather it was a splendid incremental step to wider appreciation. In the end, China and Thailand pushed back against the bitcoin juggernaut. The latter is hardly of global economic significance, while the former maintains a closed currency regime.
The year of bitcoin began with the currency on the fringes of digital society, but by the end of the year it was clearly ?merging with the mainstream?. Decentralized crytocurrency is still in its infancy but the argument against central bankers? follies is being won across the globe. After all, you can?t ?clip? bitcoin to degrade its value, nor can you inflate its value with QE or other flawed government policies.
2013 ended with citizens increasingly alienated from government as a monetary ally and edging closer to ?In Bitcoin we Trust?. Bitcoin itself may only be the first stage of a revolution, similar perhaps to the Netscape browser at the birth of the web, or the Ford Model T which popularized automobile transport. Ultimately, however you look at it, this was the year when bitcoin made its irrevocable mark on history.
Last year?s nerd money fad has become this year?s most talked about product.
Ultimately, nature abhors a vacuum and with western political leadership an increasingly distant memory, citizens are becoming increasingly restive about the parlous state of financial governance. Throughout the West, the ravages of quantitative easing [QE] have helped the wealthiest prosper, while ordinary citizens have struggled through a grinding economic plight, which has left voters feeling increasingly abandoned by government.
Into this void has stepped something which had been mooted for many years: a popular electronic currency. Bitcoin is filling a gap self-interested central bankers are keen to suggest doesn?t need filling. Establishment media has been wrong-footed as the Copernican Revolution in finance creates not just bitcoin but a series of parallel financial universes where independent money is at the center of commerce, as opposed to government manipulated fiat currency.
Meanwhile, bitcoin may not be the cryptocurrency the world uses in a decade and the biannual obituaries may yet prove right! As 2013 concluded, BTC?s value had multiplied albeit off its highs after the Bank of China endeavored to close the door to the threat of a backdoor floatation of the renminbi.
In reality, BTC is still remarkably small - growing exponentially from about 142 million dollars to circa 8 billion by Christmas. In other words, the total value of bitcoin amounts to the annual GDP of the Bahamas. Clearly bitcoin isn?t economically significant, yet. However, it now has its first ATM and many have bought beers, lattes and even homes with BTC this past year.
Naturally bankers of all shades are scared of losing their monopolist grip on money, yet given the vast inefficiency of their decrepit systems, it is probably already too late. Decentralized money is an idea whose time has come. Bitcoin is the breakthrough currency creating a widespread consciousness that there is an alternative to holding greenbacks, or lugging a trunk full of gold around.
Perhaps the most surprising thing about bitcoin is, in essence, the banality of the arguments. When all else fails, skeptics just cry tulipmania. Indeed, bitcoin bubbled and almost halved in value before the year?s end, but then again, thanks to the idiocy of the banker-government nexus in the last decade, just about every asset bubbled then and a great deal are bubbling now, like art and classic cars, thanks to QE [quantitative easing].
Yes, people steal bitcoins and these thefts are techno-mythologized by scaremongering media. Yet stealing bitcoin is just a virtual variant of traditional pickpocketing. Indeed BTC has been used to finance crime, just like the dear old anonymous bearer bond dollar is beloved of drug cartels. Some American security agencies have expressed concern about their lack of control over bitcoin, but they had an annus horribilis, during which, despite their vast overarching eavesdropping capacity, they still failed to see their own currency woes coming.
While price inflation is the first thing everybody recalls about bitcoin in 2013, what really defines its incredible year was how it slipped out of nerds? virtual wallets into the mainstream. An 8 billion dollar asset leveraged its value to dominate the headlines and gain widespread recognition. Germany legalized it and many nations acknowledged it - even the US courts. That Norway called it an asset was seen as a dreadful slight; rather it was a splendid incremental step to wider appreciation. In the end, China and Thailand pushed back against the bitcoin juggernaut. The latter is hardly of global economic significance, while the former maintains a closed currency regime.
The year of bitcoin began with the currency on the fringes of digital society, but by the end of the year it was clearly ?merging with the mainstream?. Decentralized crytocurrency is still in its infancy but the argument against central bankers? follies is being won across the globe. After all, you can?t ?clip? bitcoin to degrade its value, nor can you inflate its value with QE or other flawed government policies.
2013 ended with citizens increasingly alienated from government as a monetary ally and edging closer to ?In Bitcoin we Trust?. Bitcoin itself may only be the first stage of a revolution, similar perhaps to the Netscape browser at the birth of the web, or the Ford Model T which popularized automobile transport. Ultimately, however you look at it, this was the year when bitcoin made its irrevocable mark on history.
evolutionpep
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Bump for BTC!