Debt Rattle March 2 2018
- This topic has 8 replies, 6 voices, and was last updated 6 years, 8 months ago by
.
-
Posts
-
Harold Steggels Essex landscape 1932 • Trump’s Steel And Aluminum Tariffs Trigger Market Sell-Off In US, Asia (G.) • Trump’s Tariffs Throw a Wr
[See the full post at: Debt Rattle March 2 2018]Interesting and a bit of fun; just beyond the gate appears a fishlike creature with a mouth and eye with a sword like nose and a multi finned tail.
Intended or otherwise; there it is…
The rest…meh…But, president Vladimir Putin did give a groundbreaking speech today; basically informing the U.S. that Russia has surperior, advanced, missile techology that counters all US anti-missile tech.
Bottom line; listen to Russia when it speaks!
Finally; a true counter to US hegemon…So much dumb seeping in I wouldn’t know where to start. If you’re swimming the mental (or totally mental) cesspool as we all are now, it’s hard not to get dirty.
Kennedy markets R Us? Yeah, both charts go up a little. Other than that, no proven similarity.
S&P takes much-needed test of a trendline, as telegraphed by a Fed head rigger who knows banks make money on volatility, not stability. So call it his 2nd bailout transfer to them.
Trump calling out GOP voters for the critical midterms with a clarion call to go right for Congress if necessary to stop Trump? Hey, why not?
Yeah, caught that. Everyone, even ZH is now “Russia’s new offensive weapons” for “Expansionism”. You know why Russia can kick us up and down across the town, with a budget 1/10th or less of ours? Strictly BECAUSE their weapons are DEFENSIVE only. So could ours be. Projecting power is expensive. Compared to projecting power to Argentina with a parameter of fighting 2+ simultanious wars, having an branch office in Novgorod is a discount. As Ron Paul said, “maybe the budget isn’t too small but the mission (of 300 military bases and 15 wars) is too large???” Ya think? In any case, this propaganda wildly successful to leak through and pollute even the opposition. Gobbels would be proud.
So if men and women are really identical and equal, then who cares which one is CEO? If they’re not identical, doesn’t the Feminists have some ‘splaning to do? And if the women (who are the same, but not the same, but the same, but really not) act as psychotically as the men, as we’ve seen everywhere from Thatcher to Clinton, then what’s the point? Kinder and gentler genocides? Killing you with love bombs and hug drones? Madness. Pick one reality, either one. But not two.
Bitcoin HAS dropped in transactions, if anyone read anything before writing their articles. With delays of 48 hours and fees of $100, Bitcoin has positioned itself to be digital gold, seldom moved only for large movers, not your Litecoin/Lightning for ice cream. Everyone knows that, but hey, nice job spooking your audience with ignorance. Bloomberg: expect no less. Gold doesn’t move from the vault either, does that make it worthless? Or worth more?
The seed vault is whining about setting their entrance AT SEA LEVEL, where the tunnel SLOPES DOWN. Hey, sorry, I’m not a mining engineer, but for the specifications, that sounds retarded to me, something only a shmartz-guy would do. But then to blame it on global warming, WHICH THESE GUYS TOTALLY BELIEVE IN, beyond the pale. Maybe a good proof of how they totally DON’T believe in global warming and sea level rise? Or that they’re such mouth-breathing morons they shouldn’t be entrusted with the world’s genetic lifeline? Either way. But don’t blame Norway for snowing or England for raining. Stupid is as stupid does.
…Sorry, I’m just exhausted with 24/7 stories of the like for a year(s) and no consequences. Every day is Groundhog Day and like goldfish, we step on the same rake over, and over, and over, and over, and over again. D’oh!
I am stuck in the Midlands and I am beginning to really miss Australia
Maybe a million people who now have higher taxes should send Monbiot a quick note and ask, “What’s up?”
I’m sure he wouldn’t mind.
Bitcoin has positioned itself to be digital gold
Really, Dr. D, premeditated and deliberated like that? I think Bitcoin found itself in this position. When the likes of Microsoft, Newegg, and Steam started accepting Bitcoin it was specifically meant for medium size transactions – tens to hundreds of dollars, the typical price of a game or a computer component. And it failed due to scaleability problems (proof of work, open participation, and all that). So now the story changes – Bitcoin suddenly is a candidate for the world reserve currency, for transactions between central banks (no word of lie, heard it from a Bitcoin fan).
Nah, personal opinion the BTC Core team are a bunch of greedy bums, and “positioned” themselves to be self-serving billionaires, like everybody else.
It went like this: Satoshi set the white paper on digital replacement money and disappeared. The team continued on, but as BTC ran into scaling problems, the team got conservative, not wanting to misstep. That’s fine, but as the $ went to millions, then billions, the Core team stopped developing, abandoned Satoshi’s vision and I dunno, bought Lambos or something. After a 2-year struggle that declined from adolescent to infantile, the Segwit happened and BCC broke off — you know, a currency that at least COULD do some transactions at a less-terrible price, and still be very secure. They’re still shouting at each other and you can hear it from here.
So Bitcoin Cash is probably the real Bitcoin, a digital currency in the vision of Satoshi. Quite possibly LTC is more appropriate for that (a Bitcoin spinoff that is built far faster and better priced). There is no “Bitcoin”, it’s only software; they can code updates and solutions if they want. But they don’t want. So they “positioned” by being greedy, lazy bastards that refused to do any work. Just this week they refused to code the Lightning Network that could bail their slow, unworkable butts out of antique status. With a year of lead time and 6 months of press releases, they suddenly say, “Whoa! This is written in C; that’s not secure enough!” Really? You’re decade-old top programmers and you just noticed Lightning uses ‘C’? No, they knew, they just won’t do it. They want Lambos and salt on their margaritas. And given Crypto, that’s fine. Because BTC is small and obsolete, it IS in fact more secure. And cripplingly slower. So the rest of the world will leave them behind.
I mean, we didn’t crush all the Model T’s when the Ford Coupe came out, did we? It will have a place in the market, and probably that place will be akin to vaulted gold: very expensive and seldom moved.
Purchases will probably move to Litecoin, not exclusively because of its parameters either, but because it’s proven and widespread on platforms. Microsoft is deep into Ethereum, although it is not meant for transactions but contracts. And I wouldn’t consider BTC a candidate for actual central bank currency — they’d use their own and save the trouble. Just central bank-LIKE transactions. Say Iran and Somalia don’t trust each other. Or Sumitomo and Mugabe’s hidden account. The daily stuff would go on Swift and CIPS. Even so, it’s likely BTC will continue on in this fashion. It’s already been worth $20,000. Although a Satoshi-decimal is still small, that suggests it will be used for large scales, not small.
And as we can see now, it’s not going away.
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.