Thread: Bitcoin, or Bitcon

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I suspect they are preparing themselves for the down fall of the petrodollar...

I think if petro goes away the dollar part won't matter, Bitcoin or not.

If the Petrodollar falls, there is a very real chance that USA is going to suffer from hyperinflation due to billions/trillions $ going back to into the USA economy.

And who's going to pay the lectric bill to keep the Internets on?

If in doubt that Bitcoin is completely subverted, watch this.

Originally Posted by rob streeper

I think if petro goes away the dollar part won't matter, Bitcoin or not.

Sorry, my post was in reply to someone who asked why Russia and China are buying up gold and silver like it's going out of fashion. I know a guy who posted on Facebook, "If you don't buy Bitcoin you don't like money" I say if you buy bitcoin you don't like the money you have...

Lo and Behold, there is nothing new under the Sun when it comes to methods of storing and exchanging wealth in eventually useless forms ...

How Chinese mulberry bark paved the way for paper money - BBC News

For me? - as a previous, full-time gold miner and gold mine owner - give me gold, silver, and copper any day, as a method of unassailable and difficult-to manipulate, wealth storage.

The sovereign says 'no' and it means NO. https://www.theguardian.com/technolo...ckdown-trading

Originally Posted by onetrack

Lo and Behold, there is nothing new under the Sun when it comes to methods of storing and exchanging wealth in eventually useless forms ...

How Chinese mulberry bark paved the way for paper money - BBC News

For me? - as a previous, full-time gold miner and gold mine owner - give me gold, silver, and copper any day, as a method of unassailable and difficult-to manipulate, wealth storage.

I'd take clean water, safe food and a sound roof to sleep under.

Originally Posted by Chris Parks

Life is a gamble, do you feel like gambling? If you buy shares to fund your retirement it is a gamble and those that have lost money (including me many years ago) ask the same questions.

A share is just that..it's a share in a company. If the company is poorly run or a complete sham then there will be appropriate risk associated with your shares holding their value. Shares that pay dividends on which company tax has been paid are a valuable asset within a super fund..especially a self managed fund. The tax credits help offset the fund's tax bill and once the fund goes into pension phase they're of even more use as you then you receive dividends _plus_ any tax credits. If you buy shares in a company without first looking at the company you're buying into then yes it can be a gamble. However buying shares in a company after careful examination of the company and appropriate risk assessment is investing.

Originally Posted by rrich

Isn't that why cash was originally invented? To be able to move money around anonymously?

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I thought it was invented so you dont have to drag a cow down to the supermarket every week to pay for your groceries. It's also difficult to fit a cow into your wallet

Hmmm... Bitcoin tensions rise as investors claim banks freezing their accounts

Everyone knows that XRP is where it's @...