Have you seen this? All the Money in the World - Visual from demonocracy

centralbanksequalsbombs

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Quote from: aryatrals on November 20, 2018, 08:52:20 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

not so surprising, if we realize the velocity of money in the world using dollars automatically the country of origin of the dollar is the American state will be the sole ruler in the world, because they control the dollar, so the American people will always be the richest in the world, this is not strange, but if the crypto currency is able to turn off the dollar, in the future the richest people will not be Americans, but anyone who controls crypto.

Spot on - great post!

aryatrals

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Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

not so surprising, if we realize the velocity of money in the world using dollars automatically the country of origin of the dollar is the American state will be the sole ruler in the world, because they control the dollar, so the American people will always be the richest in the world, this is not strange, but if the crypto currency is able to turn off the dollar, in the future the richest people will not be Americans, but anyone who controls crypto.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Liquidity pyramid keeps getting pumped with credit fiat - look at how much stocks have moved since posting this!

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: Kakmakr on November 21, 2017, 01:09:14 AM

Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

You could not have said it any better. Grin

In my family and extended family some people think they are rich when they drive fancy new cars and live in big houses. ^grrrrrrr^

Last Xmas I spoiled their party and I told them to compare their Net value to that of a homeless man with $10 in their pocket and the reality hit them very hard. ^smile^

Debt works okay if the assets you acquire with that debt exceeds the value of the debt and you have all funds to make payments required. But what happens if the asset you purchased with debt goes down in value instead??

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

I encourage you to scroll through this cool visual here of the liquidity pyramid which includes bitcoin (Jan 2017 already being dated):

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: MasterJek on November 28, 2017, 08:59:37 AM

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

EXACTLY and in all these poorer places the more accessible item they have is cell phone - this allows them to hold even minute amount of savings into a store of value asset that will protect/and grow their little wealth over long-term. Bitcoin is accessible to the poor across the world.

Traditional central bank system assets are NOT accessible to the poor: Stocks, Houses/Real Estate, Oz of Gold bars, Bonds.

MasterJek

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Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Kakmakr

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Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

You could not have said it any better. Grin

In my family and extended family some people think they are rich when they drive fancy new cars and live in big houses. ^grrrrrrr^

Last Xmas I spoiled their party and I told them to compare their Net value to that of a homeless man with $10 in their pocket and the reality hit them very hard. ^smile^

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: centralbanksequalsbombs on November 04, 2017, 01:18:11 PM

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

Have you seen this?

Cannot wait for the 2018 update.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: dificanovi on October 08, 2017, 05:41:41 AM

Quote from: Za1n on October 07, 2017, 07:45:32 PM

Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Man this is so true. I know many people with a nice house, nice cars, nice clothes and who are in debit up their their eyeballs and beyond. You are right the net worth of the homeless man with no debt and a few coins in his pocket is higher than most of the debt slaves living in their bank owned houses, bank owned cars, and wearing their credit card charged clothes as their paychecks for the next 40 years are already allotted to someone else.

If Bitcoin even has a small impact on changing this scenario for even a few people the world will become a much better place.

indeed people who own luxury cars and luxury homes mostly have debt to the bank. it would be nice if we invest with bitcoin maybe we will not owe to the bank. most people invest with bitcoin they get a big profit, then they will not owe it to the bank.

As a currency is worth less overtime, the burden of debt stings a little less as long as you purchased assets that had appreciated with value in that time (or gone down less than the currency's devaluing)

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

Have you seen this?

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: andrew24p on October 23, 2017, 08:01:06 AM

This is exactly why I tell people we are still in early days. I mean we arent going to eat a majority portion of that money, but even just grabbing a small amount, we have a large potential for growth.

exactly.

Five years from now, towards end of 2022, isn't everyone going to point to today and how could you have passed on such an amazing opportunity!?

andrew24p

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This is exactly why I tell people we are still in early days. I mean we arent going to eat a majority portion of that money, but even just grabbing a small amount, we have a large potential for growth.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

I'm wondering if demonocracy will update their webpage visual in 2018?

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: Iranus on October 08, 2017, 11:30:03 AM

This claims that Bitcoin's market cap is 14 billion dollars, so it was either last updated in November-December 2013 during the last bull market or in December 2016-January 2017 of this bull market. Either way, it's hideously outdated and no longer represents the Bitcoin market/crypto market as a whole.

Haha. The link clearly marks January 2017. How did you miss this?

Quote from: Iranus on October 08, 2017, 11:30:03 AM

Furthermore, I'm not sure what the relevance of this actually is, because it assumes that the value of the Bitcoin market could suddenly be "withdrawn" and all of the money would be in physical cash, which is obviously impossible.

LOL. Same for every other asset listed in the world.

All the value of real-estate to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of gold to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of stocks to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of bonds to be suddenly "withdrawn" in physical cash would be obviously impossible.

Quote from: centralbanksequalsbombs on September 24, 2017, 02:44:56 PM

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.

Quote from: Iranus on October 08, 2017, 11:30:03 AM

It's shit by nature, but it's not broken yet. That'll happen once people start paying back their debts to banks, but it could take a long time.

Cool thanks for sharing your thoughts.

Iranus

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This claims that Bitcoin's market cap is 14 billion dollars, so it was either last updated in November-December 2013 during the last bull market or in December 2016-January 2017 of this bull market. Either way, it's hideously outdated and no longer represents the Bitcoin market/crypto market as a whole.

Furthermore, I'm not sure what the relevance of this actually is, because it assumes that the value of the Bitcoin market could suddenly be "withdrawn" and all of the money would be in physical cash, which is obviously impossible.

Quote from: centralbanksequalsbombs on September 24, 2017, 02:44:56 PM

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.

It's shit by nature, but it's not broken yet. That'll happen once people start paying back their debts to banks, but it could take a long time.

dificanovi

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Quote from: Za1n on October 07, 2017, 07:45:32 PM

Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Man this is so true. I know many people with a nice house, nice cars, nice clothes and who are in debit up their their eyeballs and beyond. You are right the net worth of the homeless man with no debt and a few coins in his pocket is higher than most of the debt slaves living in their bank owned houses, bank owned cars, and wearing their credit card charged clothes as their paychecks for the next 40 years are already allotted to someone else.

If Bitcoin even has a small impact on changing this scenario for even a few people the world will become a much better place.

indeed people who own luxury cars and luxury homes mostly have debt to the bank. it would be nice if we invest with bitcoin maybe we will not owe to the bank. most people invest with bitcoin they get a big profit, then they will not owe it to the bank.

centralbanksequalsbombs

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Activity: 378

Merit: 278

Bitcoin :open immutable decentralized global fair

Quote from: Za1n on October 07, 2017, 07:45:32 PM

Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Man this is so true. I know many people with a nice house, nice cars, nice clothes and who are in debit up their their eyeballs and beyond. You are right the net worth of the homeless man with no debt and a few coins in his pocket is higher than most of the debt slaves living in their bank owned houses, bank owned cars, and wearing their credit card charged clothes as their paychecks for the next 40 years are already allotted to someone else.

If Bitcoin even has a small impact on changing this scenario for even a few people the world will become a much better place.

Yes competition is a good thing. Monopolies of money by central banks around the world is a system of slavery.

Za1n

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Quote from: BitcoinBarrel on August 14, 2017, 11:09:52 PM

Quote from: skyline247 on August 14, 2017, 11:03:00 PM

Quote from: alexius89-2 on August 14, 2017, 10:40:02 PM

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Man this is so true. I know many people with a nice house, nice cars, nice clothes and who are in debit up their their eyeballs and beyond. You are right the net worth of the homeless man with no debt and a few coins in his pocket is higher than most of the debt slaves living in their bank owned houses, bank owned cars, and wearing their credit card charged clothes as their paychecks for the next 40 years are already allotted to someone else.

If Bitcoin even has a small impact on changing this scenario for even a few people the world will become a much better place.

Topic: Have you seen this? All the Money in the World - Visual from demonocracy (Read 1114 times)