Americans are getting stronger. Twenty years ago, ...

HarHarHar9965

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Quote from: HigsonPP on June 20, 2015, 06:18:23 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

this is true and for me the electronic age of money isn't about internet banking and stuff like that it is about a brand new currency all together that is bitcoins it is great thing to happen to our generations economy and it needs more exposure

A smart way for bitcoin to get exposure would be to that it is something which os often talked about. Regardless of media attention and events like greece happening, we should also make a point to talk about it on an individualistic level. Change starts at home. Enlighten people about bitcoin!

muhrohmat

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well the americas are the usa or the canada and central and south america that its not a complete factor of sentece correct the south ameica and central are not too pormissing but the main usa got more power into like yen or btc or euro its true more quality life and american dreams to furfill

jeannemadrigal2

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Quote from: bryant.coleman on June 21, 2015, 10:52:54 PM

This is the clever American strategy. First they will sell their debt in dollar. Then they will devalue the dollar so much, that the debt is nearly worthless. The countries, which usually purchase the American debt (China, Japan, GCC nations.etc) are left powerless, as they see their net wealth in the form of US treasury bonds decline day after day.

You know the money policies of the usa are so strange that I honestly think this is what is happening. But the big problem for us is that everything is more expensive by a lot every year, but we are all (or most of us) not making more money every year to catch up.

Possum577

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Loose lips sink sigs!

What propaganda...you all ignore the fact that inflation happens in every country in the world. It's not an American ailment, it's an ailment of progress of greater demand of prosperity...the more people that can afford something for a $1, the more the business will want to raise the price to $2.

deisik

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Quote from: bryant.coleman on June 21, 2015, 10:52:54 PM

This is the clever American strategy. First they will sell their debt in dollar. Then they will devalue the dollar so much, that the debt is nearly worthless. The countries, which usually purchase the American debt (China, Japan, GCC nations.etc) are left powerless, as they see their net wealth in the form of US treasury bonds decline day after day.

This won't help since the holders of the American debt will just devalue their national currencies accordingly, and voila, the purchasing power of the US dollar is restored. This will also inevitably cause the bond rates hike, since the lenders would want more for every dollar of debt they hold...

Is shooting themselves in the foot what makes the American strategy clever?

Amph

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Quote from: ThEmporium on June 21, 2015, 11:41:39 PM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

How can you came to conclusion that bitcoin is a non-inflation currency. There is still time to go, untill now there are only few people who knows about bitcoin. we cannot graph about inflation regards to bitcoin, unless it has been totally approved and given permit for transactions in various banks by financial governmental authorities.

in reality the bitcoin right now, it is flationary, every block halving will only cut that in half, and nothing more, so it sregime remain inflationary until the fee era, but from 2024, the inflationary nature of bitcoin would be so slim, that you can ignore it

Harry Hood

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Quote from: yayayo on June 21, 2015, 08:46:25 PM

Quote from: manselr on June 21, 2015, 06:18:57 PM

Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

So you are basically saying that if you would be still alive in 2140, you could be able to perform a 51% attack because by then Bitcoin will no longer be inflationary? If that's the case, then my friend I you haven't understood anything and should study how Bitcoin works again.

No he doesn't say that. I think you did not understand what he is explaining. I've highlighted the essential parts to help you...

ya.ya.yo!

Yo, Bitcoin just finished it's first inflationary period, it went from being $1000+ per BTC to $250 per BTC, that means that bitcoin's value has gone down, meaning one needs more of it to buy the same amount of goods (hence inflation).

ThEmporium

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Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

How can you came to conclusion that bitcoin is a non-inflation currency. There is still time to go, untill now there are only few people who knows about bitcoin. we cannot graph about inflation regards to bitcoin, unless it has been totally approved and given permit for transactions in various banks by financial governmental authorities.

bryant.coleman

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This is the clever American strategy. First they will sell their debt in dollar. Then they will devalue the dollar so much, that the debt is nearly worthless. The countries, which usually purchase the American debt (China, Japan, GCC nations.etc) are left powerless, as they see their net wealth in the form of US treasury bonds decline day after day.

Possum577

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Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

What makes you think that the price of bitcoin cannot inflate? Isn't it's change in value against fiat (and the severe drop from $1000 to $250 a clear sign that the price of bitcoin CAN inflate? People that bought or earned bitcoin at $1000/BTC can no longer buy the same amount of goods or services today.

To the OP, I don't think this is an American problem. Goods and services inflate across the entire world...at different paces but growing none the less.

yayayo

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Quote from: manselr on June 21, 2015, 06:18:57 PM

Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

So you are basically saying that if you would be still alive in 2140, you could be able to perform a 51% attack because by then Bitcoin will no longer be inflationary? If that's the case, then my friend I you haven't understood anything and should study how Bitcoin works again.

No he doesn't say that. I think you did not understand what he is explaining. I've highlighted the essential parts to help you...

ya.ya.yo!

manselr

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Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

So you are basically saying that if you would be still alive in 2140, you could be able to perform a 51% attack because by then Bitcoin will no longer be inflationary? If that's the case, then my friend I you haven't understood anything and should study how Bitcoin works again.

Amph

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Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

it would if the price will rise, and it will rise if bitcoin is aiming at succeed, otherwise it will simply remain there until it will fade away

also from 2024 already is inflationary nature, would be so slim that you will not be able to notice it, you don't need to wait 100 years for sure

bitnanigans

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Haha. Clever. Inflation has always been a constant thing.

yayayo

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Quote from: LiteCoinGuy on June 20, 2015, 07:48:38 AM

Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

NUFCrichard is absolutely right when he says that Bitcoin is an inflationary currency. In contrast to common belief, the original economic meaning of the term "inflation" does not refer to price increases, but to an increase in money supply. This increase in money supply often (but not always) leads to price increases, hence the average Joe thinks that price increases define inflation.

So technically, Bitcoin is an inflationary currency. However Bitcoin does not loose it's purchasing power, because the current adoption rate outweighs Bitcoin's inflation rate.

ya.ya.yo!

LiteCoinGuy

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In Satoshi I Trust

LiteCoinGuy

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Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

HigsonPP

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Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

this is true and for me the electronic age of money isn't about internet banking and stuff like that it is about a brand new currency all together that is bitcoins it is great thing to happen to our generations economy and it needs more exposure

Xialla

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/dev/null

Quote from: NUFCrichard on June 20, 2015, 05:40:09 AM

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

ok right, next time I will use something like "projected supply" .)

NUFCrichard

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Quote from: Xialla on June 20, 2015, 04:59:35 AM

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

Non-inflation currency bitcoin?
Thee are new coins minted every 5 minutes, and this will go on for another 100 years. Right now bitcoin is a quite high inflation currency, in a couple of years it will become a lower inflation currency, but still not a non-inflation currency.

Bitcoin as a non-inflation currency now would be a nightmare. The Tx fees wouldn't be worth mining for, I think I could 51% it with a GPU!

dHe_zHiq

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with all begin to change over time, the money that used to form the paper, now will eventually be replaced by bitcoin,
maybe a few more decades, until bitcoin received worldwide

Xialla

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/dev/null

yes, this is why I stick myself to non-inflation currency called bitcoin.) I hope that others will also realize, how those central banks, manipulating with exchanges and endless inflations harming them..

LiteCoinGuy

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"Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars’ worth of groceries. Today, a five-year-old can do it."- Henny Youngman

Topic: Americans are getting stronger. Twenty years ago, ... (Read 1335 times)