Remove the name-calling and innuendo and your post doesn't really say anything at all.
FTFY
Topic: May I vent? WTF economics (Read 602 times)
FTFY
Obviously China and Russia are interested in it
I'm sorry what? Where did you get this idea from? As far as what I know, Russia has banned the use of bitcoin in their country. Or has this been lifted already?
I believe the Russian government should logically be interested in a system which undermines the US Dollar fiat/petrodollar stranglehold on the world? I am aware that they are talking about banning the use of it by private citizens, but this policy wouldn't necessarily apply to state actors and/or Russian-owned multi-nationals...
Obviously China and Russia are interested in it
I'm sorry what? Where did you get this idea from? As far as what I know, Russia has banned the use of bitcoin in their country. Or has this been lifted already?
Remove the name-calling and innuendo and your post doesn't really say anything at all.
Bit of discussion on this topic going on here but the people that are missing the boat seem to have become more popular in pointing to the profit as the new god.
https://bitcointalksearch.org/topic/bitcoin-philosophy-1475042
https://bitcointalksearch.org/topic/bitcoin-philosophy-1475042
Obviously China and Russia are interested in it
I'm sorry what? Where did you get this idea from? As far as what I know, Russia has banned the use of bitcoin in their country. Or has this been lifted already?
The Russian Federation may have "banned bitcoin" (impossible) but despite this there is a pretty large Bitcoin scene in Russia. Just like in any other part of the world.
Just have a look at the Russian localbitcoins site: https://localbitcoins.com/country/RU
There are dozens of traders with 10000+ BTC trades. So, I think it's fair to say that the Bitcoin trade in Russia is booming.
OK so bitcoin seems to be generating some buzz worldwide. Obviously China and Russia are interested in it, if only to arbitrage both sides of the market, and maybe destabilize the already-tenuous US dollar while they're at it. Silicon Valley is onboard 100%, but their entire crypto-utopian vision correlates identities and accounts with coin addresses... which is counter to the mainstream coiner who has a brain... which is why someone can pretend to be the inventor of bitcoin... The "fintech" morons are salivating to cut costs.
It's a global stage. The plot and characters have been expounded on. Now let's see what happens. Wall Street wants to leech onto the crypto scene, to do zero work but get paid. Mining is Chinese-controlled. The hardware manufacturers are all there. Abstract bitcoin derivatives with stupid profits is the end goal of Wall St. thugs. Everyone developing is expected to bow to the fiat/coin exchange rate like a god.
It's a global stage. The plot and characters have been expounded on. Now let's see what happens. Wall Street wants to leech onto the crypto scene, to do zero work but get paid. Mining is Chinese-controlled. The hardware manufacturers are all there. Abstract bitcoin derivatives with stupid profits is the end goal of Wall St. thugs. Everyone developing is expected to bow to the fiat/coin exchange rate like a god.
Bitcoin is the grand-daddy of a brand new asset class: Crypto Currencies. The vultures have been circling for a long time, just waiting for their pray to grow tired.... Now, these Vultures are ready to swoop down for the kill.
It happened with every other asset class in existence, why would it be different for crypto currencies
At least programmers are now able to bring innovation to this crippled world financial system and offer us all an alternative
Obviously China and Russia are interested in it
I'm sorry what? Where did you get this idea from? As far as what I know, Russia has banned the use of bitcoin in their country. Or has this been lifted already?
OK so bitcoin seems to be generating some buzz worldwide. Obviously China and Russia are interested in it, if only to arbitrage both sides of the market, and maybe destabilize the already-tenuous US dollar while they're at it. Silicon Valley is onboard 100%, but their entire crypto-utopian vision correlates identities and accounts with coin addresses... which is counter to the mainstream coiner who has a brain... which is why someone can pretend to be the inventor of bitcoin... The "fintech" morons are salivating to cut costs.
It's a global stage. The plot and characters have been expounded on. Now let's see what happens. Wall Street wants to leech onto the crypto scene, to do zero work but get paid. Mining is Chinese-controlled. The hardware manufacturers are all there. Abstract bitcoin derivatives with stupid profits is the end goal of Wall St. thugs. Everyone developing is expected to bow to the fiat/coin exchange rate like a god.
I was hoping this could evolve beyond "douchebags repeatedly exchanging meaningless tokens of marginal value for ever-increasing profits".
On the flipside, this network is global, and it seems to be fairly robust against long-term DDOS attacks (ie. Classic/reXT/unLimited).
Next up is transactions that traverse a series of blockchains in a chaotic fashion in a short time interval... bye
It's a global stage. The plot and characters have been expounded on. Now let's see what happens. Wall Street wants to leech onto the crypto scene, to do zero work but get paid. Mining is Chinese-controlled. The hardware manufacturers are all there. Abstract bitcoin derivatives with stupid profits is the end goal of Wall St. thugs. Everyone developing is expected to bow to the fiat/coin exchange rate like a god.
I was hoping this could evolve beyond "douchebags repeatedly exchanging meaningless tokens of marginal value for ever-increasing profits".
On the flipside, this network is global, and it seems to be fairly robust against long-term DDOS attacks (ie. Classic/reXT/unLimited).
Next up is transactions that traverse a series of blockchains in a chaotic fashion in a short time interval... bye
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