Investment Bankers...

[Seldoon182]

Invest in gold/bitcoins guyz, i'm planning to move all my savings from those fucking banks.

 

[KoKo5oVaR]

 

 

 

Look at Cyrpus by example when it almost bankrupt, all the 'virtual money' ie all the savings from Cypriot have been frozen for a moment, they weren't able to take their own money. All accounts with more than 100.000€ as been taxed of 30%.

 

 even though it'll probably never affect me in any way.

 

 

http://www.valuewalk.com/2013/10/imf-tax-savings/

[D3ads]

I wouldn't worry about all this, WWIII is going to kickstart before the year is out so we'll all be dead lol.

[Minos]

Cool Joe Rogan podcast about Bitcoin... finally starting to understand how the hell it works

 

[Thrik]

I wouldn't worry about all this, WWIII is going to kickstart before the year is out so we'll all be dead lol.

Thank you for providing your usual touch of uplifting optimism D3!

[Pericolos0]

this is a good bitcoin explanation as well: http://www.stuffyoushouldknow.com/podcasts/bitcoin-works/

 

also, anyone thinking about "investing" in bitcoin, you're about a year late to the party lol.

[Seldoon182]

this is a good bitcoin explanation as well: http://www.stuffyoushouldknow.com/podcasts/bitcoin-works/

 

also, anyone thinking about "investing" in bitcoin, you're about a year late to the party lol.

 

Wrong... I'll explain if someone ask.

[Thrik]

Please do. I'm pissed off as fuck I never got some cheap-ass ones a few years ago.

[Nerve]

Yeah I've never really understood bitcoins... and what is this, a completely different type of cryptocurrency? :s http://dogecoin.com/

Edited January 30, 2014 by Nerve

[Sigma]

I am just now listening to the podcast so take my opinion with a grain of salt. This is a lamens understanding of bitcoin without any kind of proper research...

 

My issue with the cryptocurrencies is that at the end of the day, the value of the currency is only as good as the reputation of the source backing that value (i.e. a government or some other established organization that is prepared to reinforce the stability of the currency). The gold standard and/or the dual coin system (gold and silver) worked not because of the backing of governments but because of the innate real barter value of those coins (i.e. worth its weight in gold) becuase they were precious commodities. Granted, I believe that digital currency eventually will become pervasive throughout the developed world--but without any kind of real barter value outside of the digital realm I cannot utilize that currency except in special situations (and only if recognized by the central bank of the government). Furthermore, the volatility of the value of the currency dissuades the common user from latching onto the new currency--thereby further reducing its value and use. I have no perceived value in investing in or transitioning towards a cryptocurrency and/or digital currency as I do not possess the means to benefit from such a trade (namely, large amounts of disposable income).

 

Not to mention the amount of crime faciliated by cryptocurrencies. Governments and other established currency users/bases en masse have a real interest to prevent the switch due to fraud and stealing of their goods/services.

Edited January 30, 2014 by Sigma

[Pericolos0]

 

this is a good bitcoin explanation as well: http://www.stuffyoushouldknow.com/podcasts/bitcoin-works/

 

also, anyone thinking about "investing" in bitcoin, you're about a year late to the party lol.

 

Wrong... I'll explain if someone ask.

 

 

yeah would love to know why it is a good idea to invest into something as highly volatile as bitcoin. Right now that's not investing, it's gambling

[KoKo5oVaR]

Guys ...  quick... invest i... in..  doge coins...

 

http://dogecoin.com/

 

[FMPONE]

everyone knows that dogecoin is the true sound investment

[Seldoon182]

So you guys are all agree with what the government and the banks have done with your money. If not here's why Bitcoin might really interest you and why it's not late to invest.

 

INTRO

 

I discovered Bitcoin end of 2012. I started to be curious and learning how to mine some. Only this time, it was already too late (compared to the power of my computer). Therefore I started to mine Litecoin always in order to learn more about the technology. Its was such a game to me.

 

So as I couldn't spend any Litecoin I decided to buy some Bitcoin to get a glance on how to send BTC to someone and to see how is performed the online purchases. Anything interesting to buy I left my Bitcoin aside.

 

The more I was reading information about, the more I was like "What a Bullshit"!

 

 

 

THE TRIGGER

 

Early December 2013 I read the news which basically explain that my Bitcoin should worth for about 5 000 €. Reinstalled the BTC client, Resynchronized with the network and checked my wallet. You can't imagine how cool is it. I felt like I won a Million dollars on TV and I was like "Damnit I would rather bet more". Tried to trade it back in Euros and several days later I had my BTC back in Euros.

 

This was the trigger I needed. (I must admit that this time I was very lucky because at the end of month BTC's value was divided by two) But as I am rather someone objective, I don't like to make preconceived opinion so I look at synthesized all the information I could find. And the more I discovered wasn't about Bitcoin. It was about the Financial system we've all accepted at birth.

 

I mean... This doesn't surprise you to ask a lot of questions about the protocol which is BTC instead anything about the current monetary system ?

 

The bank bailout that while ordinary taxpayers take the pain, for the banks, it's largely business as usual. They are using government guaranteed funds to gamble with derivatives as they did before the crash. The banks are still paying vast salaries and bonuses and hide the sums they're really paying out. The banks' booming margins come from the free and near free money the government and taxpayers gave them to save the banking system. Normally a local currency has to trust all kinds of people for it to be able to work.  So does a national currency.  And in both cases, that trust is often abused.  But with Bitcoin, there's no one person who can abuse the system.

 

 

The amount of information I discovered is huge. Also feel free to look back in the history of commodities, the how and the why governments started to create centralized Bank in partnership with private Banks. Very interesting topic.

 

I also spend a weekend to understand the most I can about the technology behind Bitcoin. Do it too. https://bitcoin.org/bitcoin.pdf

 

SO WHAT IS BITCOIN ?

 

 

Bitcoin is a complicated technology, and it can take a while to wrap your head around how ingenious it is. Bitcoin protocol allows to transfer a digital good from point A to point B so the point A lose the good. If you send a mail to someone you still have a copy. Send a picture to someone you still gave a copy. If you send a Bitcoin to someone you lose it. It's a major innovation! Even if you don't think so.

 

There's others protocols that have changed our live. I'm thinking about email and VoIP. If you look closer on how telecoms have reacts to VoIP threatening the destruction of jobs but now not a package is sold without! (http://www.reuters.com/article/2014/01/30/usa-fcc-iptransition-idUSL2N0L414G20140130)

 

Bitcoin is disruptive (As I said before the transfer is roughly free. The network charge you an amount of fees when you transfer several BTC at rush hour) The US market of banking transfer alone represents $17 billion. Do you get the why you read shitty article everywhere. The Bank system you all attached is more like giving somebody a stick to beat you with.

 

Bitcoin isn't a currency at all. It is a virtual currency as $, € and all the others ¤.

 

BITCOIN # LITECOIN, PPCOIN, NEXTCOIN AND OTHER DOGECOIN

 

As Bitcoin is open source everyone can start it's own "currency" (I suggest to trade on Mapcore with HPcoin). What's make Bitcoin so different compared to all the other? The answer is pretty simple, the strength of Bitcoin's network. Indeed the network is so vast right know that it become more and more difficult to speculate as we can read above. As this currency is pretty young in the history of currencies you can still try to speculate but you will need a lot of money and to target several trade market. Also the disparity between the euro and the dollar are gradually fades.

 

 

 

BITCOIN AND THE FUTURE OF PAYMENT

 

Hopefully some of you still serious instead of trolololling and wanted to know if they can still invest in BTC. The answer is definitely YES.

 

Bitcoin is the future of payment. It's a movement no one can stop. Banks run their own system and will soon have to deal with. Why ?

- The network is more secure than their own system. Moreover It's only a matter of time until they find a new business models (remember they will have to draw a big red cross behind their fees on transfer market).

 

What happen if they don't ?

- I don't mind they won't. Bitcoin is over all made by people for the people. More and more business focus on bringing SAAS and Apps on Smartphone to manage your BTC Wallet. Why do I need a Bank to charge me anymore?

 

CONCLUSION

 

As Telecoms did at their time, Banks will soon adopt the Bitcoin system. So here is the answer everyone asked to know... Why should I invest in Bitcoin?

- An agreement amongst a community of people to use 21 million secure mathematical Bitcoin. Currently there are 12 million active bitcoin transiting in the network. If the current buy price is arround $800. All the Bitcoin worth around 10 Billion dollars.

 

If you look closer about the amount of dollars that transit worldwide, it might be much more 100 Billion dollars. To Transit all this money using the Bitcoin protocol will have to reevaluate up the price of BTC. Buy a $800 BTC today which should assert over $100 000 in a near future.

 

Lick my ball and such my ass.

Edited January 31, 2014 by Seldoon182

[FMPONE]

$800 BTC today which should assert over $100 000 in a near future.

 

Lick my ball and such my ass.

 

HMMMMMMmmm