You think MtGox's lost 850k btc is beyond comprehension? ... watch this.

Lauda

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Terminated.

Quote from: Singlebyte on April 04, 2014, 01:05:16 PM

Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department
When is enough enough!?

They keep more and more.

Bit_Happy

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A Great Time to Start Something!

Quote from: Singlebyte on April 04, 2014, 01:05:16 PM

Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

When is enough enough!?

When is enough enough!?
$6 Billion is not enough.
Sadly no one will lose their job over that, and a serious investigation is unlikely.

bryant.coleman

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Quote from: 64dimensions on March 24, 2014, 10:07:34 PM

3) Red state welfare (federal taxes received versus federal taxes paid):
Of the twenty worst states, 16 are either Republican dominated or conservative states. Let's go through the top twenty.

That is a flawed argument. Most of the welfare recipients are Hispanic or African-American, who overwhelmingly (90%+) vote for the Democrats.

Bit_Happy

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A Great Time to Start Something!

Quote from: cozk on March 24, 2014, 09:06:03 PM

Good one: +9 Trillion
You nailed it.

Singlebyte

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Just amazing....but the government lost ANOTHER 6 billion dollars!!

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

When is enough enough!?

dotcom

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Quote from: bridgesro on March 24, 2014, 07:06:54 PM

You would think an institution with as many resources as the Fed has would be able to find someone, anyone, better to handle a hearing than that lady. You could throw sardines at a wall and the noises it would produce would be a more compelling answer than her inane mumbling.

Every time I hear any kind of government board hearing, senate investigation, or question-answer session, I lose a little more faith in politics.

The one on Benghazi is the worst IMO.

Lauda

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Terminated.

Quote from: seriouscoin on March 25, 2014, 12:57:39 AM

Quote from: Lauda on March 25, 2014, 12:49:02 AM

Thank you for sharing this. That's a lot of money!

Not that much.... only $30,000 for each person in U.S

Grin

No, not at all. Cheesy

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Nathonas on March 26, 2014, 05:13:07 AM

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

The government likes to keep people in the dark which is why when a spy comes out and releases classified documents they call them a traitor and aim to humiliate and punish them instead of praising them of heroic deeds and worthy actions to bring truth to the people and show the true cause.
A person is not a traitor to their country if their country betrays that trust
Good old Thucydides (history in context) from the Spartan Athen war point

Nathonas

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Knowledge is Power

Perfect example of the advantage of bitcoin/cryptos over fiat. I guarantee you 99% of people (including me) did not even know about this happening, where as with the blockchain you can see everything that happens.

Seeme

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https://www.youtube.com/watch?v=RrwbgdtbdXE

DGulari

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KawBet.com - Anonymous Bitcoin Casino & Sportsbook

Quote from: Nthused on March 25, 2014, 02:16:09 AM

Thanks for giving me new info on Bitcoin for my Region Wink

Much Appreciated !

Thanks for giving me new info on Bitcoin for my Religion Wink

BitOnyx

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Cryptocurrencies Exchange

So if this article apparently is not true and it wasn't lost, it was just loans, I guess the discussion should end.

alfabitcoin

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Quote from: jubalix on March 25, 2014, 03:12:54 AM

its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

So you think if somebody lose priv key thus " lose" btc reminder just worth more? Why it would worth more?
Market dictate the price and nobody know the future.
No gov would simple print money as they wish. Beside, there is a major difference in funds loss no matter btc or fiat vs funds destroyed or not availiable to anyone.

jubalix

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its only FIAT you can print more and it was, and you see massive dilution of USD value (yes your money)

Conversly one does not simply "lose" bitcoin, and even if you did the reminder just become worth more. Every bitcoin ever produced and be accounted for.

Nor Does one simply print more.

BTC can go well over 9 trillion

MP5KU

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Oh sorry, left the 9 trillion in my back pocket.

Nthused

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Quote from: twiifm on March 25, 2014, 01:43:02 AM

Quote from: Nthused on March 25, 2014, 01:32:42 AM

Quote from: seriouscoin on March 24, 2014, 09:52:39 PM

Quote from: twiifm on March 24, 2014, 09:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Thanks I didn't know this existed, Great Read, that's for giving me new info on Bitcoin for my Region Wink

Much Appreciated !

alfabitcoin

sr. member

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Quote from: seriouscoin on March 24, 2014, 09:20:04 PM

Quote from: alfabitcoin on March 24, 2014, 08:58:38 PM

At least they did not lost customer funds like mtgox did. ( its insured is in it

. )

Are you serious?

The whole world is customer of the Fed Reserve

Iam serious,mtgox lost MY money and fed reserve has nothing to do with me, nor i live in US.
Just somethng is in US does not automaticly involve whole world you are talking to, so stop to refer it to the whole world.
US gov and institution are not concerns of mine nor affect me.
And if you have not noticed, i refered as customer for ordinary people who deposited in the company what are not regulated.
Bank deposit are insured ( fyi)
Whole world are fed reserve customers? Wow, are you serious? FR has bank for customers, not ordinary people like you suggesting.

Are you a creditor and depositor of federal reserve? I do not think so, so why would they " owe" you anything.
Now, are you serious that fed reserve owe you and every other people in US?
I do not see realation of this to mtgox in term that mtgox users lost massive amount what affect them severe.

Show me how you or anybody else suffered due federal reserve? How can you compare that two different matter?

twiifm

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Activity: 784

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Quote from: Nthused on March 25, 2014, 01:32:42 AM

Quote from: seriouscoin on March 24, 2014, 09:52:39 PM

Quote from: twiifm on March 24, 2014, 09:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

Don't be naive as long as govts makes legislation they can control.

http://en.m.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Nthused

legendary

Activity: 1554

Merit: 1001

Quote from: seriouscoin on March 24, 2014, 09:52:39 PM

Quote from: twiifm on March 24, 2014, 09:40:00 PM

I think that was an overnight loan so these banks could clear their books. It was paid back

Different than Mt Gox

Wow.... its truly suckers born every sec... Roll Eyes

Digital Currency is the way of the future, you can't trust your Government and they can't do sh!t about Digital Currency, that's what is making them steam as they don't have any Control whatsoever.

MysticalPotato

member

Activity: 91

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Stop the potato genocide!

Quote from: seriouscoin on March 24, 2014, 06:55:15 PM

Fed Reserve LOST $9 Trillions and they dont know where it went. When being asked the government responded that they dont have jurisdiction to investigate the Fed Reserve:

https://www.youtube.com/watch?v=1QK4bblyfsc

I like to know what your response to that statement. Especially at 3:10.... amazing isn it?

Yet the media never made a big deal of this. (especially compared to MtGox fiasco). I guess the media is pretty much owned by banksters.

As a community, I think we have to be careful using inaccurate information to further the cause.
We want to build a reputation for absolute truth and absolute integrity.

In this instance, while the act itself is immoral (though legal, under the 'Emergency and Other Authorities to Authorize Liquidity Programs to Stabilize Markets and Institutions'), the $9 trillion were mainly overnight loans to financial institutions which subsequently repaid the sum in its entirety. Moreover, the $9 trillion is largely inaccurate as it includes daily rollover figures.

Topic: You think MtGox's lost 850k btc is beyond comprehension? ... watch this. (Read 3721 times)