Topic: Whistleblower: Fed “Highly Alarmed” About Bitcoin Conquering Dollar System (Read 3782 times)
November 17, 2014, 01:43:00 PM
They are trying to grab a hold of Bitcoin since the day it came to the show. So I guess the community has gotten used to this Highly Alarmed situation.
November 17, 2014, 01:40:46 PM
Never thought someone had done the actual maths on that but well done,
Believe it or not, Satoshi and Hal "did actual maths" before bitcoin was finalised, figures were not picked out of thin air. (Well, any more than the governmental reports they might have been based on were anyway)
I didn't realise that but it's nice to know, just increases my faith in Bitcoin and cryptocurrencies even more, I am so looking forward to next year
He didn't just invent the blockchain with automatic mining incentives, he also chose good parameters.
November 17, 2014, 01:16:58 PM
Never thought someone had done the actual maths on that but well done,
Believe it or not, Satoshi and Hal "did actual maths" before bitcoin was finalised, figures were not picked out of thin air. (Well, any more than the governmental reports they might have been based on were anyway)
I didn't realise that but it's nice to know, just increases my faith in Bitcoin and cryptocurrencies even more, I am so looking forward to next year
November 17, 2014, 01:14:34 PM
Never thought someone had done the actual maths on that but well done,
Believe it or not, Satoshi and Hal "did actual maths" before bitcoin was finalised, figures were not picked out of thin air. (Well, any more than the governmental reports they might have been based on were anyway)
November 17, 2014, 01:12:16 PM
...there is no enough bitcoin to support global trades...
2.1 quintillion (2,100,000,000,000,000) satoshis is more than enough to support global trade. That averages out to 300,000 satoshis per person in a world of 7 billion people.
Never thought someone had done the actual maths on that but well done, I also have to laugh at people who think that Bitcoin is 'only' 21 million coins since it shows how little they know about how it works, the coins can be broken up into 8 decimal places, so can just about any other altcoin out there for the most part.
November 17, 2014, 01:09:47 PM
...there is no enough bitcoin to support global trades...
2.1 quintillion (2,100,000,000,000,000) satoshis is more than enough to support global trade. That averages out to 300,000 satoshis per person in a world of 7 billion people.
November 16, 2014, 10:21:43 PM
i doubt bitcoin will replace dollar, since there is no enough bitcoin to support global trades. Bitcoin will end up something quite valuable.
November 16, 2014, 10:13:27 PM
Do you want war - or do you want bitcoin?
Don't worry ,we can have both.
November 16, 2014, 05:55:48 PM
I dont think btc will ever replace a national currency. Just an alternative to what we have. Let's hope... otherwise the regulation would make it something it was not intended to be.
November 16, 2014, 05:39:37 PM
if you guys really think that bitcoin will dominate over dollar, a new 4 yr tech overthrow something that humanity has been practicing for several hundred years, you guys need to check your brain
Things are what they are, right? Nothing ever changes? Trust us, give us all your money, don't think about wars, we can take these decisions for you.
Also things generally do not change so quickly that the way money is used changes "overnight". A 1% change in the currency market in a single day is generally considered to be huge, and a 10% change in the currency market in a year is also much bigger then what is normally expected.
Do you want war - or do you want bitcoin?
November 16, 2014, 12:10:07 PM
if you guys really think that bitcoin will dominate over dollar, a new 4 yr tech overthrow something that humanity has been practicing for several hundred years, you guys need to check your brain
Things are what they are, right? Nothing ever changes? Trust us, give us all your money, don't think about wars, we can take these decisions for you.
Also things generally do not change so quickly that the way money is used changes "overnight". A 1% change in the currency market in a single day is generally considered to be huge, and a 10% change in the currency market in a year is also much bigger then what is normally expected.
November 16, 2014, 11:03:13 AM
if you guys really think that bitcoin will dominate over dollar, a new 4 yr tech overthrow something that humanity has been practicing for several hundred years, you guys need to check your brain
Things are what they are, right? Nothing ever changes? Trust us, give us all your money, don't think about wars, we can take these decisions for you.
November 16, 2014, 04:16:06 AM
The FED hates any and all competition. Including, gold, silver and bitcoin.
The federal reserve wants to prevent competition so badly that they have taken steps to prevent the trade and investment in both gold and silver. /scarsacm The federal reserve actually facilitates trade in both of these metals/stores of value by clearing payments for their trade.
How very ignorant.
http://www.presidency.ucsb.edu/ws/?pid=14611
November 16, 2014, 03:58:40 AM
Well, the value of Bitcoin is still tied to fiat. If Bitcoin can stand alone, then there will be real disruption.
November 15, 2014, 11:45:36 PM
the Federal Reserve is a Defunct organization like most Fiat central banks,
they are private institutions and where pretending to be goverment institutions before
the internet and freedom of information flow,
the US government must now seize the Fed like they did Fannie Mae Freddie Mac and General Motors
the RBA in Australia must also be seized by the Australian goverment, the RBA reserve interest rate
must be diverted back into the Australian Government coffers and be distributed to the Federal
Government and the State Governments.
they are private institutions and where pretending to be goverment institutions before
the internet and freedom of information flow,
the US government must now seize the Fed like they did Fannie Mae Freddie Mac and General Motors
the RBA in Australia must also be seized by the Australian goverment, the RBA reserve interest rate
must be diverted back into the Australian Government coffers and be distributed to the Federal
Government and the State Governments.
November 15, 2014, 02:01:21 PM
The FED hates any and all competition. Including, gold, silver and bitcoin.
The federal reserve wants to prevent competition so badly that they have taken steps to prevent the trade and investment in both gold and silver. /scarsacm The federal reserve actually facilitates trade in both of these metals/stores of value by clearing payments for their trade.
November 15, 2014, 01:50:01 PM
Regardless. Weve been on it no matter the flaw you think are. Your mom use it you use it your whole family. You can complain all day but it hasnt been changed and it seems like its not gonna change anytime soon
Well in living memory of people in Western Democracies, there's been 3 occasions where a large number of people had to revert to market gardening, keeping chickens etc, to fill the gap when the economy was messed up for various reasons. Probably many more times than that in last hundred years in less stable nations.
November 15, 2014, 01:00:25 PM
Practising, yes, getting right, not so much... it's several hundred years of financial disasters if you look close.
Regardless. Weve been on it no matter the flaw you think are. Your mom use it you use it your whole family. You can complain all day but it hasnt been changed and it seems like its not gonna change anytime soon
November 15, 2014, 02:47:07 AM
its almost for sure that when btc gets big and when people got the hang of it, their gonna launch their own version btc , fiatcoin . all they have to do is have a couple fiatcoin commericals and some more gimmicky stuff and the mainstream will flock to it, only the hardcorest of bitcoiners will still honor bitcoin. so i belive from now and when that day comes, the current and new additions of bitcoiners are going to start educating the truth about both sides, im confident if the truth about how dirty fiat money is , bitcoin will win out.
November 15, 2014, 12:02:40 AM
The FED hates any and all competition. Including, gold, silver and bitcoin.
The federal reserve wants to prevent competition so badly that they have taken steps to prevent the trade and investment in both gold and silver. /scarsacm The federal reserve actually facilitates trade in both of these metals/stores of value by clearing payments for their trade.
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