Bailout are trheft from the taxpayers, bail-ins are theft from the bank's customers. What annoys me is that the money goes to buying £300million yachts for the banking elite, or to military aid for international terrorists. I closed my dollar account, and used the money to buy domain names, I've been selling those slowly and taking the proceeds in Bitcoin. I keep enough in fiat for my weekly needs, and the odd emergency. I'm also converting a van into an off-grid camper. I like to keep my options open.
I've just watched a video about sky coin, and I might explore that. It seems to be a crypto that is independant of the Internet, but relies on a worldwide mesh system. I'm not sure how practical that is, but it seemed to be worth a bit of research.
Topic: Douchebank up, Bitcoin and gold down - the world has gone mad. (Read 125 times)
It is all a delicate balance of trust in the system.
If you could know that these banks ain't going to lose your money, gold and bitcoin would be almost useless.
From time to time people gain a bit more trust in the system for whatever reason, bailouts could be one of them.
Why worry that a bank will lose your money when they can just print more ey?
If you could know that these banks ain't going to lose your money, gold and bitcoin would be almost useless.
From time to time people gain a bit more trust in the system for whatever reason, bailouts could be one of them.
Why worry that a bank will lose your money when they can just print more ey?
The bankrupt Douchebank and other bank shares are up, Bitcoin and Gold are down. The world has gone mad, and the only reason I can see for the bank rises is another round of theft to boost them ( sorry I should say bail-in ).
Jump to: