Topic: The Critical Importance Of Cryptocurrencies - What's your take? - page 3. (Read 3794 times)
Looking for more opinions on this matter
A central authority like the Federal Reserve can also stabilize prices, limit inflation, and when done right, avoid a recession/depression. A completely unregulated currency can't do any of this. The Fed and the other central banks are powerful entities, but that doesn't make them bad.
All the things you listed that the Fed do are indeed BAD for the economy by interfering with natural market forces.
The other key point that you're missing is that you seem to be wrongfully assuming that BitCoin will be free from manipulation. Just as the Fed can affect the value of a dollar by adjusting the supply of the dollar, they could easily do the same with BTC. If they want to push the price up, they issue BTC denominated bonds. They do the opposite if they want to push the price down. Hell, one recession/depression and the public will be clamoring for market regulation.
Um, no. The Fed can't manipulate bitcoin. "Issue bitcoin denominated bonds"?!? Dude, seriously, do some reading about how bitcoin works.
A central authority like the Federal Reserve can also stabilize prices, limit inflation, and when done right, avoid a recession/depression. A completely unregulated currency can't do any of this. The Fed and the other central banks are powerful entities, but that doesn't make them bad.
The other key point that you're missing is that you seem to be wrongfully assuming that BitCoin will be free from manipulation. Just as the Fed can affect the value of a dollar by adjusting the supply of the dollar, they could easily do the same with BTC. If they want to push the price up, they issue BTC denominated bonds. They do the opposite if they want to push the price down. Hell, one recession/depression and the public will be clamoring for market regulation.
The other key point that you're missing is that you seem to be wrongfully assuming that BitCoin will be free from manipulation. Just as the Fed can affect the value of a dollar by adjusting the supply of the dollar, they could easily do the same with BTC. If they want to push the price up, they issue BTC denominated bonds. They do the opposite if they want to push the price down. Hell, one recession/depression and the public will be clamoring for market regulation.
Crypto cannot replace fiat in foreseeable future, currently it's just payment method, not a currency. We buy/sell an item using BTC but we think about the equivalent price in fiat.
Only because many resources are held by the same people that run the fiat system and used it to get those resources. Once the price of crypto goes up another ten-fold, the greed factor will kick in for more retailers - its a bottom up process.
I see Costco as the next BIG domino to fall. Once that happens, you can buy FOOD with Bitcoin. Then, only utilities will be left. These are owned exclusively by the masonic power structure and will absolutely refuse to accept bitcoin until the bitter end. Before that happens, and after food is available for bitcoin, I think you will see dramatic reductions in government revenue as people hide money from the IRS in various blockchains. Government freebies will be reduced, while while the gov prints even more money to keep funding to the services that keep their power (military and police). This inflation will draw even more to cryptocoins, and the cycle will go faster and faster. Eventually, many police and military will quit and join private services to get paid in crypto, and then you can kiss government goodbye forever.
The linked blog article is excellent except for the last part where it talks about how to get involved.
Politics (the power vacuum that rewards the elite) are not beaten with more politics.
The single most important action you must do is choose the correct design for your crypto-currency, as I explained at the following short post:
https://bitcointalksearch.org/topic/m.5749208
All the promotion and hoopla is meaningless if your design is broken in a way that will give it all back to the power vacuum. And Bitcoin is so broken.
Politics (the power vacuum that rewards the elite) are not beaten with more politics.
The single most important action you must do is choose the correct design for your crypto-currency, as I explained at the following short post:
https://bitcointalksearch.org/topic/m.5749208
All the promotion and hoopla is meaningless if your design is broken in a way that will give it all back to the power vacuum. And Bitcoin is so broken.
Crypto cannot replace fiat in foreseeable future, currently it's just payment method, not a currency. We buy/sell an item using BTC but we think about the equivalent price in fiat.
F*ck the System, use Cryptocurrency!
"Legal Money Systems" are manipulated by governments, imf etc and the winners were always them. But Now Cryptocurrency is always ruled by people directly and the winners are us!
"Legal Money Systems" are manipulated by governments, imf etc and the winners were always them. But Now Cryptocurrency is always ruled by people directly and the winners are us!
Personally i am more and more eaxsious t see the future cause
you can open your eyes insted keeping them closed!
you can open your eyes insted keeping them closed!
Noble, you would say, and in its purest form, few things are nobler. However, there has been a fundamental flaw in our systems of commerce since inception – the early adopters exercising control over the most basic needs of the rest of us.
Edited for fun.
It's nice to see articles that are not bitcoin or bitcoin-like biased that talk about the power of cryptocurrency. I was expecting it but was pleasantly surprised. legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
It's nothing short of epochal shift that's taking place. And it can't be stopped.
This is the exact reason reason why people are jumping on the cryptocoin wagon, but some will be overtaken by greed.
The current fiat system is on purpose designed to enslave people through interest and at the end of it will fall so that many people loose their material life.
Interest is forbidden by God/Allah since it is an injustice system, and so are illegal collected taxes - I mean they are both from the same source (the Illuminati of whatever name you wanna give them).
Poor people are taken advantage of and the Jewish bankers and governments get richer and enjoy seeing people fail miserably.
The current fiat system is on purpose designed to enslave people through interest and at the end of it will fall so that many people loose their material life.
Interest is forbidden by God/Allah since it is an injustice system, and so are illegal collected taxes - I mean they are both from the same source (the Illuminati of whatever name you wanna give them).
Poor people are taken advantage of and the Jewish bankers and governments get richer and enjoy seeing people fail miserably.
I'm guessing from your above post, cryptocurrency will overule this exercising control since it's decentralized and would allow everyone to fulfill their own basic needs.
Money and its associated systems of commerce are the most influential and pervasive man-made influences on the human race today. As the paradigm we use to associate value with something and transfer that value amongst us, currency informs us in many ways both obvious and subtle. Currencies drive societies and are responsible for enabling mankind to transact in such a way that we can all function together.
Noble, you would say, and in its purest form, few things are nobler. However, there has been a fundamental flaw in our systems of commerce since inception – the privileged few exercising control over the most basic needs of the rest of us.
You can finish reading this editorial here: http://altcoinauthority.com/2014/03/the-critical-importance-of-cryptocurrencies/
Please contribute to this discussion, we're all in this together.
Noble, you would say, and in its purest form, few things are nobler. However, there has been a fundamental flaw in our systems of commerce since inception – the privileged few exercising control over the most basic needs of the rest of us.
You can finish reading this editorial here: http://altcoinauthority.com/2014/03/the-critical-importance-of-cryptocurrencies/
Please contribute to this discussion, we're all in this together.
Jump to: