Topic: Biggest Scam Ever!! - page 5. (Read 7482 times)
I deeply hope bitcoin will kill the banks
Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)
That's a myth. Any amount of money can support any size economy. Prices will simply adjust (downwards, in a "non-bad" deflation). Detlev Schlichter describes this very well in his book "The paper money collapse"
how many years did it take the internet to become mainstream? it wasent all that long ago connecting to the internet was too complicated for most people.
maybe not perfectly analogous but i think there are some parallels
maybe not perfectly analogous but i think there are some parallels
I believe it's a perfect analogy, for look where we are now--the smartphone has replaced more often than not: the watch; the laptop; the iPod; the day-runner; the physical wallet (to some); etc. I'm sure I've left some items off the list, but you get the gist. About a dozen years ago, guys were jacking-off while viewing their computers via dial-ups. Now they can do it while donning trenchcoats riding the train home via a Samsung Galaxy II. Got to go. My stop is fast approaching and I need to...EXCUSE ME LADY! WHAT THE FUCK ARE YOU LOOKING AT!
~Bruno and Cackling Bear~
It's not a matter of belief at all. Fractional Reserve Banking works more or less exactly as described in the first video. The question is whether or not FRB is inherently "bad" or not. Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)
A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.
Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...
A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.
Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...
A system that steal population money like the FED is nothing else than a parasite that must be ripped off. This is obviously bad and nothing good can come out of if for the society. Money shouldn't represent any dept at all.
It's not a matter of belief at all. Fractional Reserve Banking works more or less exactly as described in the first video. The question is whether or not FRB is inherently "bad" or not. Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)
A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.
Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...
A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.
Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...
If people don’t want to believe, show them the “Modern Money Mechanics” written by the Federal Reserve Bank itself (free of copyrights on Google). It describes in detail the mechanics of money creation. It’s not a mater of believe or not, it’s a mater of facts.
Macroeconomic is something pretty complex because the root scam of this system makes it unstable by nature and a lot is done trying to stabilize it in vain. The power of creating money out of thin air is not something we should have gave to a group of people staying in shadow and this is the worst error of mankind. If you now read on the matter (macroeconomic) with this new information in mind, you will surely understand a lot more than before.
BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc. When all people will be aware of this hoax, then we will stop being screw up.
BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc. When all people will be aware of this hoax, then we will stop being screw up.
some people have trouble believing it or are reluctant for other reasons.
Macroeconomic is something pretty complex because the root scam of this system makes it unstable by nature and a lot is done trying to stabilize it in vain. The power of creating money out of thin air is not something we should have gave to a group of people staying in shadow and this is the worst error of mankind. If you now read on the matter (macroeconomic) with this new information in mind, you will surely understand a lot more than before.
BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc. When all people will be aware of this hoax, then we will stop being screw up.
BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc. When all people will be aware of this hoax, then we will stop being screw up.
Just watched the first one and it was pretty awesome.
That said, it seems like Keynesian economics have been pretty successful over the past century. I'm not sure how all this macroeconomic policy really plays out on the national level....
That said, it seems like Keynesian economics have been pretty successful over the past century. I'm not sure how all this macroeconomic policy really plays out on the national level....
We must find other forums that can be related to that monetary problem so we can reach a wider amount of people. Like environmental forums or something like that.
I haven't seen these before. Thanks for sharing! 
Yeah I just learn about this and I didn't know that most of people here already know. We must find a way to reach a massive amount of people to learn them about this and the bitcoin alternative.
Unfortunately, Bitcoin is still too complicated to grasp for most people, and too dangerous. They're not security experts, they're mostly dumb fucks (pardon the french) when it comes to securing their data. We can't blame them, the Average Joe is just not into this kind of stuff. I think Bitcoin has to evolve a bit more (in terms of client usability, and ease of securing your money) before it's suitable to be picked up by the masses.
I agree with this.As an inexperienced user of bitcoin myself,it needs to come across as an approachable alternative that any person from any age can use (from gran to the kids for example).Bitcoin should be given a chance to evolve into a more user friendly product (some people would prefer a 'one touch' style form of payment via NFC but we're just not there yet at the moment).
how many years did it take the internet to become mainstream? it wasent all that long ago connecting to the internet was too complicated for most people.
maybe not perfectly analogous but i think there are some parallels
maybe not perfectly analogous but i think there are some parallels
Rick Falkvinge (founder of the swedish Pirate Party) has stated that "it takes 10 years for a disruptive technology to go from inception to becoming so easy to use that it reaches mainline adoption". That would mean 2019 for the concept of distributed cryptocurreny.
I recommend watching his enlightening talk at the Bitcoin Conference in Prague: http://www.youtube.com/watch?v=mjmuPqkVwWc where he explains this.
Yeah I just learn about this and I didn't know that most of people here already know. We must find a way to reach a massive amount of people to learn them about this and the bitcoin alternative.
Unfortunately, Bitcoin is still too complicated to grasp for most people, and too dangerous. They're not security experts, they're mostly dumb fucks (pardon the french) when it comes to securing their data. We can't blame them, the Average Joe is just not into this kind of stuff. I think Bitcoin has to evolve a bit more (in terms of client usability, and ease of securing your money) before it's suitable to be picked up by the masses.
I'm with you, knight22.
We must talk to Joe Average, otherwise we're doomed. Bitcoin easy or hard to use doesn't matter (I agree we should make it easier and more secure to use, of course).
how many years did it take the internet to become mainstream? it wasent all that long ago connecting to the internet was too complicated for most people.
maybe not perfectly analogous but i think there are some parallels
maybe not perfectly analogous but i think there are some parallels
Yeah I just learn about this and I didn't know that most of people here already know. We must find a way to reach a massive amount of people to learn them about this and the bitcoin alternative.
Unfortunately, Bitcoin is still too complicated to grasp for most people, and too dangerous. They're not security experts, they're mostly dumb fucks (pardon the french) when it comes to securing their data. We can't blame them, the Average Joe is just not into this kind of stuff. I think Bitcoin has to evolve a bit more (in terms of client usability, and ease of securing your money) before it's suitable to be picked up by the masses.
Yeah I just learn about this and I didn't know that most of people here already know. We must find a way to reach a massive amount of people to learn them about this and the bitcoin alternative.
did you just now discover this "greatest theft of all times"?
Welcome to the club!
That shit is part of why we're all here and it's no coincidence satoshi put the following into the code that generates the genesis block:
Quote
const char* pszTimestamp = "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks";
the question would be when is it all going to collapse past the point of being able to recover? or has it already?
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