Central Banks in New Zealand and Australia Issue Bitcoin Warning.

http://www.coindesk.com/central-bank-new-zealand-australia-bitcoin-warning/

 

Mr Stevens is a dick.








Anyone selling any Michaels?

 

I predict Michaels to = the spot price of Silver by Easter
then continue sideways for the next 15 years
Unless you can get Michaels with swirls, they'll be worth more for sure

 

:lol:

 

It is a mystery

 

Hilarious, banksters worldwide are afraid. This is incredible!

Says that currencies that survive hold their value then admits to destroying the value of currency through inflation! Mate doesn't matter about 'targets' that just means you're destroying currency value slower so people don't take notice.

 

They say that 'fiat currency' is not backed by anything, and is just paper, and will in due course fail.

What is 'Bit Coin' backed by?


OC

 

Bitcoin isn't really backed by anything as such, OC. Money not backed by anything would work fine in my opinion, as long as it's transparent & verifiable to all, unlike the current fiat system.

 

The initial breakthrough technology that gets around a double spend. The expanding and costly infrastructure that supports the network.

It took many years for the public to utilise email and the internet. Is email of value?.

One might consider that Bitcoin is to current traditional monetary systems, what email is to snail mail.

 

The more central banks bashing bitcoin the more they are scared about.
First they laught at them than they are scared and then they will fight it.
The more they are fighting, the more we now we are on the right side by the deal holding coins.

Normally it becomes true to dont fight the fed as we can see at the moment at pm markets.

But in my opinion the weapons against privat digital currencies are not good enough to fight against people.
More and more people will learn that uncovered fiat money is the biggest fraud in history and the only winners are the banksters
with their weapons like libor manipulation, hfq trading, unlimited leverage etc

Have a look to europe. Within the last year you have heard nothing about crises. Its only because the election last september in germany.
The two big partys cdu and spd will now have a new goverment soon. Then european crises is ready to talk about again.
That seems to be the reaseon why the does good agianst other currecies like your Au$

Nothing has happend in germany within the last year, nothing went to become better -no it wents more worst for average people who do their work day for day and pay taxes.

I tryed to sell my home over the last year. Its only 10years old and at a best conditon in good location and nothing to repair. Only buy and live there.
At the end i have to sell for more than 30.000 less than expected. Normally people have no money left. Middle class is dying and thats only because banksters press out the last cent out of people and dont tell us that is broken. Thats the reason i buy private digital currency.

 

interesting take IMO!

http://www.youtube.com/watch?v=RRqgrCrzTJA

 

Such BS

Fiat has more value than bitcoin because it represents labour that EVERYONE puts in to earn it. Bitcoin may have value in the future if people start working for it but currently it worth far less than fiat.

 

It's a 100% speculative vehicle. Nobody works for it

 

In the haste to label these guys dickheads you've all missed some very interesting observations.


Countries all over the world have always needed a payment system to trade with each other.
At one time that used to be gold, then the US dollar and now electronic US dollars.

Perhaps a crypto-currency will be the next world payment system.

Perhaps created by the IMF.

 

Governments & Banks have always needed to be able to debase their currency, If an alternative crypto currency is put out by the established banks & governments, it will need to be able to be debased, unlike bitcoin.

 

liars playing dumb,
how could they not understand it.. 2 hours of reading would bring you up to date.

 

Ya, I suspect so.like prestitutes/news presenters/MSM reporters etc. They are smart enough to know how to keep their jobs.
What to say, and what not to say. When to snigger and laugh at something and when to revere someone or something.

I was in a few banks todaywaiting for service in lines and thinkingthis is so analogue it is not funny. Times are a changing.

 

Which is why governments still keep gold as a back up just in case of debasement of the current world currency.

A crypto currency that is agreed to by all countries that cannot be debased could potentially take the place of a world currency

Doesn't have to be bitcoin
Bitcoin is just a proof of concept