http://books.google.de/books?id=W5ga9Ec5C_EC&pg=PA131&lpg=PA131&dq=IOU+scams&source=bl&ots=uJWJzfMTsR&sig=e8fUs2Sa5hKb632npTbbmHtFpT4&hl=en&sa=X&ei=eWF3VOD5OMX3O6zlgLgF&redir_esc=y#v=onepage&q=IOU%20scams&f=false
I.O.U.: Why Everyone Owes Everyone and No One Can Pay
I know right... The Federal Reserve Bank is good too they can make us a load of money.
Humanity dies when people get to greedy .. well look at Ripple.
ParabellumLite would give the Federalreserve bank another 100 years so they get the world into chaos even more.
I.O.U.: Why Everyone Owes Everyone and No One Can Pay
I know right... The Federal Reserve Bank is good too they can make us a load of money.
Humanity dies when people get to greedy .. well look at Ripple.
ParabellumLite would give the Federalreserve bank another 100 years so they get the world into chaos even more.
People don't care about your ideological struggle against central banks. Moreover: the entire idea many of you crypto-anarchists are proposing simply does not find any backing in the rest of society. The rational, cold-blooded part of society that is. Face it: people want stability and predictability, which Bitcoin both cannot deliver without widespread market manipulation (although maybe the ETF can play the role of central banker here?). This expected crypto revolution is only alive in your own head: it is not alive out there.
You didn't mention that the same crypto-anarchists are operating under the implied message that the 'stability and predictability' that is offered by the status quo will be thrown into absolute turmoil over the next decade.
The groundwork that is laid by these people today is very obviously meant to be an insurance policy when and if that happens.
The rational, cold-blooded part of society will have these tools available to them, in such a case.
Even if it doesn't work out, the speculation that has been played out to-date shows that this is one of the fundamental reasons to even have these currencies in the first place.
For the most part, these types of calls get drowned out in the marketing haze though.
That's just fine.
I'd also like to add that, if this were to happen and the insurance policy would need to be called on, hard metals will be moving through some unique times as well. Please consider reading these articles:
http://www.reuters.com/article/2013/11/21/us-space-mining-asteroids-idUSBRE9AK0JF20131121
http://www.wnd.com/2014/11/future-gold-rush-asteroid-mining/
http://www.inquisitr.com/1634477/nasa-encourages-asteroid-mining-contracts-two-private-companies/
Expect this to be starting up within the next decade as well.
With regard to the articles: I am bullish on future asteroid mining, although I expect that it will be Helium-3 that gets mined instead of gold. In about two or three decades it is likely that gold will be created by nuclear fusion. When that happens, gold is basically worthless, so I wouldn't put my money on gold.
