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Thread: If gold keeps falling bitcoin will have more value soon

  1. #31

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    Quote Originally Posted by AnotherDave View Post
    It seems to me that Bitcoin is the only currency that can't be controlled by the Chinese. But what do I know?


    Chinese account for 98% of bitcoins moves

  2. #32

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    Quote Originally Posted by Silver and Gold View Post
    Chinese account for 98% of bitcoins moves
    Market activity is not the same thing as control.

  3. #33

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    Quote Originally Posted by AnotherDave View Post
    It seems to me that Bitcoin is the only currency that can't be controlled by the Chinese. But what do I know?
    but they can switch off the electricity...Control the WEB.

    Anyway I had to accpt the GOOGLE rules or could not use google anymore, what does that mean? The PTB is allowed to know ALL i do and can use and misuse ALL they know about me WHENEVER it suits them when THEY deem it necessary for THEIR purposes.

    We are ALL controlled, They will say it is to fight terrorism.
    I say it is to prevent the creation of political movements who go against their agenda.
    You just have to see how wild the " democrats" go, to understand that it are not the " US democrats" who are getting mad, but the underground WORLDSPIDER who tries to bend us all to its will which has been thwarted, by Brexit and the Trump election.
    The Trumpelection is a big loss for them, because up to know they were the pilots of the biggest plane in the world, now there will be another pilot, and that drives them BERSERK.

    Golditiki2+++

  4. #34

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    What is a currency ?

    If its value yesterday was 1 unit, it also should be 1 today and tomorrow so everyone have a fair deal when exchange a service and to use this value later.

    Imagine Physical Gold in exchange to one drum of oil to one gran. So it the same at all time! till one being produce cheaper cost.

    Bitcoin do not have any limit on its decimal point. it is inflation in reverse tactic. how the master can devalue your bitcoin by adding more zero pass the decimal point.

    Sad to see how easy one can be scam by showing few fools win in a short period.

    Again most still do not know the creator and invest or use such currency, 90 % of fiat user still think government that borrow paper created out of thin air are from government not private banker. So how do you explain bitcoin to such believer.

    Like anything fail to know the real creator you will be scam.

  5. #35

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    Quote Originally Posted by GoldNuggetBug View Post
    What is a currency ?

    If its value yesterday was 1 unit, it also should be 1 today and tomorrow so everyone have a fair deal when exchange a service and to use this value later.
    Did you know that this has never been the case? Ever? Masamusa on his pilgrimage to Meca put so much gold on the economies in-between that it sent inflation out of control (too much gold chasing the same amount of goods). On Europe right after the big bout with the black plague inflation skyrocketed. Again; too much gold per capita (a lot less people, same amount of gold) chasing the same amount of goods. The big silver discoveries of the new world by Spain? Destroyed the European price structures. The discovery of the Comstock lode in the U.S. devaluated silver to the point its price had to be maintained by fiat; a silver dollar was not worth a silver dollar but let's roll with that.

    Currency allows for commerce. If a nation doubles its commerce, it needs twice as much currency to sustain said commerce. If you don't have enough currency, inflation occurs which slows down the economic growth everybody is so happy about. to fix this fractional currency was introduced, which allows for adjustments to the money supply. The fact that is is abused is another story.

    Even if you were to use a gold backed currency (will never happen) it doesn't matter; just like for the entire history of the U.S., it would be under a fractional currency system. Same $h1t, different dog.

  6. #36

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    Quote Originally Posted by DBCooper View Post
    Did you know that this has never been the case? Ever? Masamusa on his pilgrimage to Meca put so much gold on the economies in-between that it sent inflation out of control (too much gold chasing the same amount of goods). On Europe right after the big bout with the black plague inflation skyrocketed. Again; too much gold per capita (a lot less people, same amount of gold) chasing the same amount of goods. The big silver discoveries of the new world by Spain? Destroyed the European price structures. The discovery of the Comstock lode in the U.S. devaluated silver to the point its price had to be maintained by fiat; a silver dollar was not worth a silver dollar but let's roll with that.

    Currency allows for commerce. If a nation doubles its commerce, it needs twice as much currency to sustain said commerce. If you don't have enough currency, inflation occurs which slows down the economic growth everybody is so happy about. to fix this fractional currency was introduced, which allows for adjustments to the money supply. The fact that is is abused is another story.

    Even if you were to use a gold backed currency (will never happen) it doesn't matter; just like for the entire history of the U.S., it would be under a fractional currency system. Same $h1t, different dog.

    yr historical remarks are right, but the fact of abuse is NOT another story, because abuse is done with intention and the historical facts were NOT intentional. And that is a big difference.
    Natural imbalances soon are balanced, whereas the ability to be able to monger has no end and that is what we are staring at at this very moment.

    Golditiki2+++

  7. #37

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    Quote Originally Posted by DBCooper View Post
    Did you know that this has never been the case? Ever? Masamusa on his pilgrimage to Meca put so much gold on the economies in-between that it sent inflation out of control (too much gold chasing the same amount of goods). On Europe right after the big bout with the black plague inflation skyrocketed. Again; too much gold per capita (a lot less people, same amount of gold) chasing the same amount of goods. The big silver discoveries of the new world by Spain? Destroyed the European price structures. The discovery of the Comstock lode in the U.S. devaluated silver to the point its price had to be maintained by fiat; a silver dollar was not worth a silver dollar but let's roll with that.

    Currency allows for commerce. If a nation doubles its commerce, it needs twice as much currency to sustain said commerce. If you don't have enough currency, inflation occurs which slows down the economic growth everybody is so happy about. to fix this fractional currency was introduced, which allows for adjustments to the money supply. The fact that is is abused is another story.

    Even if you were to use a gold backed currency (will never happen) it doesn't matter; just like for the entire history of the U.S., it would be under a fractional currency system. Same $h1t, different dog.
    I will love to be the family that control the currency, while you all be my slave. I buy big roll of paper, print dead president photos and call it money. paid my paper supplier with his own paper just a small cutout. what a joke.

    Try that with physical gold you need to work and energy input . " Job Creation"

  8. #38

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    Currency today are too expensive to keep trust. FIAT is back by military and Bitcoin is back by crypto memory that parasite on the entire technology of internet, power and deception of its ability to trade and expensive identification to track people whose identity are dynamics and no human body are gold to be tracked by Bio ID.

    Gold, Silver and PM and crystals of diamond, gems are eternal and durable for billions of years freely and trust free. Blockchain is like a blackhole and eventually become the same ponzi like fiat where original source of wealth are only need to be tracked by "best effort" for limitted number of years.

    All artificial fiat or crypto unit must expired the same like most goods warranty to express the reality of currencies. There is no permanant reservour of water and water change state to move around freely. Expired currency will means surplus to be used by public which will permanent remove the artificial self proclaim meritocracy that the war victor grade for self.
    Last edited by SnakeEater; 01-08-2017 at 10:16 AM.
    He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors. ~ Thomas Jefferson

  9. #39

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    Quote Originally Posted by SnakeEater View Post
    Currency today are too expensive to keep trust. FIAT is back by military and Bitcoin is back by crypto memory that parasite on the entire technology of internet, power and deception of its ability to trade and expensive identification to track people whose identity are dynamics and no human body are gold to be tracked by Bio ID.

    Gold, Silver and PM and crystals of diamond, gems are eternal and durable for billions of years freely and trust free. Blockchain is like a blackhole and eventually become the same ponzi like fiat where original source of wealth are only need to be tracked by "best effort" for limitted number of years.

    All artificial fiat or crypto unit must expired the same like most goods warranty to express the reality of currencies. There is no permanant reservour of water and water change state to move around freely. Expired currency will means surplus to be used by public which will permanent remove the artificial self proclaim meritocracy that the war victor grade for self.
    Diamonds (and fiat) are valuable today because of an artificial rarity. Bitcoin is valuable because of a mathematically guaranteed rarity.

  10. #40

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    Quote Originally Posted by AnotherDave View Post
    Diamonds (and fiat) are valuable today because of an artificial rarity. Bitcoin is valuable because of a mathematically guaranteed rarity.
    This guarantee is not free. ASIC and all Bitcoin farm are already bankrupt before transaction fee kicks in. It is fiat 2.0 funded by fiat 1.0 cartels to replace quadrillions worth hardware than create trillions of fiat unit.

    Bitcoin rules are artificial and the limit can be forked and redefine. No one guarantee the values delivery. It is also not a free accounting book. It is A.I. replacing all auditors and accountant jobs overnight. After that authoryty will resume the right to define new rules by forked and monetary policy to define who can spend and who cannot, create new rich, new funds at will. These BTC hardware are created by the new factories that were funded by fiat 1.0 unit run by the older generations of hardware and transactions protocol and SWIFT system.

    BTC is a system can be duplicate at will and a international experiment to allows infinite digit creations/add/delete/modify/sanction power.
    He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors. ~ Thomas Jefferson

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