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Honorable Bitcoin

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  • Post #361
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  • Nov 9, 2019 8:14am Nov 9, 2019 8:14am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Authorities should be aware of simple principles.

Who's leading the crypto market?
It's the crypto oligarchs, not the people, not the free market.
(mining ogre companies, big exchanges...)
Good bye, TRUST and PRIVACY for the small people!

Who can control oligarchs ? Nobody! ...except the civil LAW.
The supply and demand are not enough. Because monopols and oligarchies are not contrallable by the market.
They are actually subjugate the free market!
It's only the civil law.

How can the civil law tolerate oligarchy ?!?
Only if the representatives of the people are not aware of how this crypto sht is really working and scamming
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  • Post #362
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  • Edited at 10:07am Nov 9, 2019 8:49am | Edited at 10:07am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
The crypto has a problem of trust now also because of the Craig-McAfee-Not-KPMG hysterical morons !
Beware of those idiots!

They can't grasp a matter of principle. Crypto monopols and oligarchies can't be controlled!
Democracies can assure a fair market ground. Ok, not necaessarily China... But the Western developed countries can.
The Law - By The Government - From The People - For The People

Wild crypto oligarchies have no future!
"Fuck the government???" Go fuck yourself!
Beeeeeeeeeep! Bearish crypto, long run!
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  • Post #363
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  • Edited at 5:11am Nov 11, 2019 2:28am | Edited at 5:11am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Again...
Here's how is working...
How could the crypto system be private, safe, trustworthy???
They are "nobodies" ...and the ones we know are only alike those hams Craig-McAfee-Not-KPMG crooks and clowns !!!

But they have your stake amounts, your private personal data... !

I didn't meant the blochchain!
I mean those: Huobi (Singapore) , Bittrex (USA), Bithumb (Korea), OKEx (Malta), Bitfinex (Hong Kong), Coinbase (USA), Bitstamp (UK-EU), Kraken (USA).
Who are these guys? What's behind them? Where they keep my private data? If any leak or they just disappear, who's responsible and how can I get my funds back?
Do you trust those private slicks ?!?
I don't!

Here's the crypto system privacyfor dummies!
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  • Post #364
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  • Edited at 4:17am Nov 11, 2019 3:32am | Edited at 4:17am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
1. I personally have faith in the UK Parliament for instance.
2. The Bank of England has huge resources behind it to maintain the stability of the pound.
3. The Monetary Policy Committee exists purely to maintain this stability not to rob people! They're not perfect, but generally they do a very good job.

So that's why I would trust the pound or the cryptographic pound, dollar or yen and not cryptocurrencies.
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  • Post #365
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  • Edited Nov 14, 2019 2:01am Nov 13, 2019 8:40am | Edited Nov 14, 2019 2:01am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Nope, is not that. They don't use AML as an excuse to centralize the "blockchain money".
Because money laundry happens in fiat as well.

It's because the anonymity of the transactions in the crypto systems.
It gets harder for the law enforcement to follow the money if ML operations.
Which makes crimes, terrorist financing, scams and frauds much more easy in the crypto ecosytem.
It's real, it's not an "excuse".

So it's the crypto system itself...:
- xyz transferred to yxz, a few (?) pieces of shitcoin
- yzx transferred to xzy, a few (?) pieces of shitcoin
- zxy transferred to zyx, a few (?) pieces of shitcoin
- yxz transferred to xxy, a few (?) piece of shitcoin
- xzy transferred to yyz, a few (?) pieces of shitcoin
- zyx transferred to zzx, a few (?) pieces of shitcoin

Woooooooooow, is that what you call transparency, "trustless" ???
Just because everybody can see this meaningless list - ledger ?!?

Now, any of those transfers could be the payment for a coffee ...or a "laundry shop" bill !
If any of that it's a ML operation, who the fck knows who are: xyz, yzx, zxy, yxz, xzy, zyx, xxy, yyz, zzx,... ?
Law enforcement will beg Brian Armstrong to tell ?!?
Get the fk outta here!
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  • Post #366
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  • Nov 13, 2019 10:41am Nov 13, 2019 10:41am
  •  cityRat
  • | Joined Jul 2019 | Status: Member | 214 Posts
Quoting cityRat
Disliked
{quote} Certainly not, but Gold's held its own as a store of value and currency for pretty long. I'd suppose a trend develops eventually where people ditch it for some gold-backed crypto alternative or something similar (Libra? )... aka the people like you who avoid inflation but don't want to go full crypto yet. Deep down I think most of the crypto holders are wanting a get-rich-quick coin. Which is why hodling is a thing.
Ignored
Bitfinex to launch options and gold-backed stablecoin
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  • Post #367
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  • Nov 13, 2019 11:12am Nov 13, 2019 11:12am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Quoting cityRat
Disliked
{quote} Bitfinex to launch options and gold-backed stablecoin
Ignored
Those tether scammers... smart now, betting on gold... gold is magic Hoarding value seem fantastic for big money. But cryptic-gold is not that magic ...yet
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  • Post #368
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  • Nov 14, 2019 4:17am Nov 14, 2019 4:17am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Bad for bitcoin.
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  • Post #369
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  • Nov 16, 2019 6:41am Nov 16, 2019 6:41am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Ironically, the crypto has a problem of trust now, bigger than the infamous government.
Crypto interface sucks and stinks worse than the central banks!
Also because the Craig-McAfee-Ignatov-Not-KPMG liars and scammers!
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  • Post #370
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  • Edited Nov 20, 2019 1:29am Nov 19, 2019 10:05am | Edited Nov 20, 2019 1:29am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Again...

Crypto at its best might replace gold. Wooow, great!
But the financial world has already given up on the gold standard. Long time ago.
Why?
Because it deepens the recessions. Simple as that!
If you're not blind, history shows that any artificial rigid "stable" value transforms the recessions into depressions!
BAM! Just like that!

That's why they have invented that flexible monetary policy, to alleviate the peaks and troughs inherent to the free market economies.

Gold enriches the rich, but it creates deflationist spiral and makes the poor even poorer!


So what are those McAfee-Not-KPMG monkeys playing here?!? ...just bullshitting the naive
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  • Post #371
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  • Edited at 4:45am Nov 21, 2019 4:13am | Edited at 4:45am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Ok, say bitcoion is the new gold.
The holy fkn cornerstone of value. Ok.
That will save the Big Money against the macro backdrop. Perfect.

But a cornerstone of value will suck in all the Big Money if recession ...because the risk aversion.

And deflationist spiral goes like this:
The Big Money will start hoarding money because its value is now increasing.
No more investment appetite.
Just hoarding bitcoin. Expensive bitcoin hoarded by the rich will make miserable the poor.
The rich will become even richer ...and the poor even poorer.

And there we go spiraling:
...buy expensive bitcoin -> low investment -> low busines -> low jobs -> low income -> low spending -> low life - it results more expensive bitcoin -> buy bitcoin -> low investment -> low busines -> low jobs -> low income -> low spending ...low life -> more expensive bitcoin -> buy bitcoin

So those illiterates are talking a new gold standard? A new item standard?
After all that depression history and the gold standard problems ???

Why those imbeciles never learn?
Simple. Because they are crooks, shills, business councilors for the big money ...they just don't want to learn!
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  • Post #372
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  • Nov 22, 2019 7:51am Nov 22, 2019 7:51am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Bye, byeee, bitcoin!
...aaand the crypto whales and orcas are dumping their shit. Fair enough.
Nobody is that stupid to be left alone holding the bag
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  • Post #373
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  • Nov 22, 2019 5:08pm Nov 22, 2019 5:08pm
  •  Hasher
  • Joined Jul 2019 | Status: Member | 246 Posts
Quoting TudorIoan
Disliked
Bye, byeee, bitcoin! ...aaand the crypto whales and orcas are dumping their shit. Fair enough. Nobody is that stupid to be left alone holding the bag
Ignored
The show isn't over yet but it certainly is looking bleak today.
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  • Post #374
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  • Edited at 9:01am Nov 25, 2019 2:16am | Edited at 9:01am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Going down???
...and it's totaly clear for everybody that bitcoin is a hoax.

Casino chips money ???
Private money???
What is this little children idea, anyway ???
Toy money???

The Exchanges:
- no decentralization,
- still distrustful middle man,
- high vulnerability, hackers,
No sustainability on large scale because the huge energy wasted ...per block!!!
No sustainability on large scale because only 7 transactions ...per second !!!
The highest volatility ever seen...

Only crooks, speculators, gamblers, criminals, oligarchs...
...and their victims, the stups, the naive, dreamers...
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  • Post #375
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  • Edited at 10:55am Nov 25, 2019 10:04am | Edited at 10:55am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Miners should be worried.
Their electric power bills feels like inflationary now!
...their profit is fading

Hey, it wouldn't be the first time when bitcoin worth nothin' more than the electricity they waste to produce it
___________________________
Crypto industry is doomed by definition only because the crypto system alone.
Bitcoin mining will fall under the Tragedy of Commons principle ...at some future point in time the mining reward will drop to zero.

There will be fewer bitcoin miners available due to little to no block reward from mining.
The only profit will come from transaction fees which will rise over time as oligarchic mining plant owners will grow greedy and nobody can stop them to rise fees for their transactions processing business.

Billions of daily transactions will cost huge amount of electric power and they won't be able to low the fees at a sustainable level.
And BOOOOOOOOOOM!
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  • Post #376
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  • Nov 26, 2019 7:32am Nov 26, 2019 7:32am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Yeah, fantastic, and I pay for coffee $2 every day and $0.32 fee, ...WTF, 16%?!?!

...how many times per day people move $310 millions ?!?

Your example is ridiculous for most of the people's payments !!

Why are those guys keep repeating the same bad idiot exmples???
Oooh, because there are so many stupid believers!

...oh, excuse me, are you actually promoting Visa in fact, not crypto??? Now it makes sense

...and ok, if ALL world get high on crypto, I promised Greta to stay at one cup of coffee per day, no more!
I mean if every dude could afford 2 cups of coffee a day, the crypto system would fry!
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  • Post #377
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  • Nov 26, 2019 10:45am Nov 26, 2019 10:45am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Hehehe!
Here's another rant from a shill!
That's true. Nothing is above bitcoin.
Bitcoin is the biggest finacial scam ever engineered!

Idiots are in, even if today it doesn't worth more than any corrupted government, because of that crypto dirty crooked private interface...
It's there, you can see it, if you're not blind stupid.

Also beware of crypto robbers and crypto Craig-McAfee-Nox-KPMaGGotz liars and shills !!!
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  • Post #378
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  • Edited at 3:35am Nov 29, 2019 3:08am | Edited at 3:35am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Disaster-prone areas are not liable to ruin because they are unbanked, sub-banked, no financial freedom, inflation, whatnot...
It's not the money's fault there !!!
Money problems are just consequences, not the causes!
Consequences of bad politics and corruption.

Those nations can't be helped on the long run only from donations.
Even if it's good business for the Red Cross there and it justifies the RC "saints"!

The solution is to help them to rebuild the economy, investments, trade!

Crypto solely can't save the world from stupidity, greed and corruption!
On the contrary, crypto will add more stupidity, greed and corruption.
Just take look at the crypto oligarchic companies, exchanges... those will suck all the money, making those areas even more "disaster-prone"!
Yeah, just give them time... patience!

We've already seen the bitcoin at $50000 a piece in some poor corrupted countries, FFS!!

So, inflationary effect is a FACT! It's there and it's really working!
Rigid artificial value assets are deepening the crisis! (gold standard, bitcoin... )
It's fkn elementary economy knowledge!

So the crypto is not a solution where is poverty and high corruption !
Because it catalyzes all the smart money deepening the crisis!
...you cunning crypto shills!

It works like this:
Disasters and poverty generates also investment risk aversion, and all that particular national currency will fly after more valuable assets as bitcoin, sucking all the smart money in the country ...it follows: no risky investments ...just hoard attractive valuable bitcoin ...economy will become even more miserable and the poor will become even poorer!

How stupid is this, McAfee-Ignatov?
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  • Post #379
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  • Dec 3, 2019 2:34am Dec 3, 2019 2:34am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Oh, there are some honest crypto people who recognize that bitcoin is centralized

But wow, here's solution: "...redistributing mining reward based on mining power contributed" ?!?
Seriosly!

As the mining reward tends to zero, the competition will make its natural selection eating up the small ones,
therefore only the big sharks will be left standing at the end of the mining game.
That will leave the protocol, the 51% attacks,... at their moods!

Crypto oligarchy pretend to be much trustworthy than the Fed or the Bank of England ?!? ...smooth jokers!
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  • Post #380
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  • Edited at 3:17am Dec 5, 2019 2:42am | Edited at 3:17am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 11,307 Posts
Enter the Bart Simpson pattern!

Bitcoin is the most easy to manipulate asset.
The ogre 4-5 bitcoin addresses have total control.
And the stups use to blame the banking system! Pathetic!
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