Move To Digital Currencies Accelerates As PBoC Successfully Tests Algos For Digital Money | |
Anonymous Coward User ID: 75341003 United Kingdom 10/17/2017 10:35 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75708416 Slovakia 10/17/2017 11:07 AM Report Abusive Post Report Copyright Violation | the Russian Minister of Communications announced that the country is going to introduce its own cryptocurrency, dubbed the CryptoRuble, which is set to be blockchain-based, but regulated and tracked by the government. The landmark development makes Russia the very first government in the world to officially pursue a virtual tender. [link to sputniknews.com (secure)] |
Anonymous Coward User ID: 75711005 United States 10/17/2017 11:22 AM Report Abusive Post Report Copyright Violation | If TSHTF do you really think the internet and bitcoin will exist ??? Quoting: Anonymous Coward 54431891 Really ??? The Internet will literally be the last piece of technology to go down. Trucks delivering groceries, gasoline, and band-aids will be long gone, but the 'net will keep chugging. Ask me a question, and stop asserting shit from ignorance. since spectrum took over time warner my internet has gone dark twice a week this has been happening since Jan 17. Everytime it goes out I run to the store to purchase usually cigerates to remind myself I have physical currency and that it cant dissapear with a flip of a switch. No thankyou I do not want your centralized digital currencies |
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Anonymous Coward User ID: 69050929 United States 10/17/2017 12:26 PM Report Abusive Post Report Copyright Violation | Bitcoin has no chance against national cryptocurrencies of Russia and China. Quoting: Anonymous Coward 75708416 Very true. The digitalization of the Dollar, Euro, Yen, Yuan, Ruble, and others is the end for cryptocurrency. It already doesn't serve a purpose but especially after national currencies become digitalized and cash notes are eliminated from circulation. |
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Anonymous Coward User ID: 73637157 United States 10/17/2017 12:40 PM Report Abusive Post Report Copyright Violation | The goal is to digitize all assets, and once everything has a digital currency value, the game is over, the beast has won control over the world's assets, and nothing can be bought or sold without the beast knowing about it, or the beast getting it's undeserved cut. We are witnessing the beginning of the end, and anyone not in the digital system will have to live outside of it in black market poverty. The beast is taking over the world with zeros and ones. |
Anonymous Coward User ID: 50312234 United States 10/17/2017 02:33 PM Report Abusive Post Report Copyright Violation | Bitcoin has no chance against national cryptocurrencies of Russia and China. Quoting: Anonymous Coward 75708416 Not true. Just read. The supply of coins is regulated. Meaning they will issue new coins at will. Which cauaes deflation. This saves the state hundreds of millions by not hqving to print paper money. Bitcoin supply will never go beyond 21 million. Its mathematicaly capped. Also it produces incentive by mining. U think pboc is going to issue mining? No. They will merely juat create coins at will. They truly have near zero value. The move is good in that its faster and more convenient to move than actual paper monies. It also validates the usefulness of real digital currency. But it will never compete with an every mans global and truly incentive network like bitcoin. Somebody on GLP who knows wtf they're talking about?!?!! |
Anonymous Coward User ID: 75328972 United States 10/17/2017 03:07 PM Report Abusive Post Report Copyright Violation | ChinkCoin is doomed to fail. No one will participate in a coin that has unlimited supply, which is the ONLY way the ChiComs can control it. Scarcity is why BTC is so many fold ahead of ETH. Quoting: Anonymous Coward 74821766 Just like how unlimited dollars kept everyone from participating in the petrodollar? I wish dummies would stop posting drivel on economic threads. I'm sure there's a Weinstein thread that's more you speed so move along. |
Anonymous Coward User ID: 75328972 United States 10/17/2017 03:13 PM Report Abusive Post Report Copyright Violation | The goal is to digitize all assets, and once everything has a digital currency value, the game is over, the beast has won control over the world's assets, and nothing can be bought or sold without the beast knowing about it, or the beast getting it's undeserved cut. Quoting: Anonymous Coward 73637157 We are witnessing the beginning of the end, and anyone not in the digital system will have to live outside of it in black market poverty. The beast is taking over the world with zeros and ones. It's the ultimate in brainwashing when everyone believes a computer literally controls who "owns" what. I disagree about the black market poverty part though, at least for everyone. The elite will still be trading with real assets, physically held contracts and all the same freedoms they've had the whole time. They will have gas consuming planes, choppers and vehicles. The fake stuff will be for the slaves. |
troitcity
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PIR
User ID: 75695574 United States 10/17/2017 05:55 PM Report Abusive Post Report Copyright Violation | |
The Comedian :D
User ID: 75603442 United States 10/17/2017 05:57 PM Report Abusive Post Report Copyright Violation | If TSHTF do you really think the internet and bitcoin will exist ??? Quoting: Anonymous Coward 54431891 Really ??? The Internet will literally be the last piece of technology to go down. Trucks delivering groceries, gasoline, and band-aids will be long gone, but the 'net will keep chugging. Ask me a question, and stop asserting shit from ignorance. since spectrum took over time warner my internet has gone dark twice a week this has been happening since Jan 17. Everytime it goes out I run to the store to purchase usually cigerates to remind myself I have physical currency and that it cant dissapear with a flip of a switch. No thankyou I do not want your centralized digital currencies You're a tail circuit, not "the Internet". If you had a wireless relay and/or a satphone, you'd be online forever, long after moss and weeds covered all the Walmarts. Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits ‘There are some assholes in the world that just need to be shot.’ - General Mattis, USMC, Secretary of Defense [link to www.godlikeproductions.com] "Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead. |
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Gepetto of the Ghetto
User ID: 45154040 United States 10/18/2017 06:01 AM Report Abusive Post Report Copyright Violation | The People's Bank of China, China's central bank, has completed trial runs on the algorithms needed for digital currency supply, taking it a step closer to addressing the technological challenges associated with digital currencies, according to a top official associated with the project. Quoting: troitcity Yao Qian, director-general of the Institute of Digital Money at the PBOC, said China's central bank has successfully designed a prototype that can regulate the supply of its future digital fiat currency. The successful simulation of money supply paves the way for the central bank to become the future sole regulator and policymaker governing the value of digital fiat currency, said Yao. Digital fiat currencies are the digital forms of a sovereign currency that is backed by the central bank. Unlike Bitcoin or other digital money issued by the private sector, the digital fiat currency has the same legal status as the Chinese yuan, the only fiat currency issued by the People's Bank of China. There is no timetable for the introduction of the currency, but once introduced, China is likely to become the first country that would deploy a digital fiat currency. [link to www.chinadaily.com.cn] more here: [link to www.zerohedge.com] all digital currencies will be used by the nwo to control you. Right now is the beta test, when the power goes, population decreases, then they turn the power back on if you agree with what thry tell you to do. Also goes with food and other life necessities Blame it on da rain and my lip syncing skills |