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| 05:00 AM | ||
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3 fatal flaws with digital crypto currencies in their present form.... | |
| Chugiakian
Offer Upgrade  User ID: 14505991  United States12/07/2017 12:31 PM Report Abusive Post Report Copyright Violation | I read somewhere that there are 3 fatal pitfalls with a digital bit-coin #1 In If you think the Global elite bankers are going to sit on the sidelines and let this take over, you are crazy. They are playing us all as fools. #2 No Guarantees Exchanges have already been hacked and stolen #3 No Inherent Value Just like there is no longer any value in the Fiat Currency we currently use, there is certainly no value in ones and zero's sitting in cyberspace..... Tell me, what is a fair price? A price based on wild speculation?? If you think The Powers that Think They Be are going to sit on the sidelines and let this take over, you are fooling yourself. they are behind this all the way. Just go look at the cover of the Economist magazine from 1988 (unable to paste link from silver doctors commentary)..... /headlines/world-news/world-cryptocurrency-not-gold-backed-yuan-in-light-of-the-1988-economist-magazine/ Snip "It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes." Is the value of Bitcoin the value of the flood of monies into the coin? Is this what it is worth? Pure Speculation! Money that floods into these coins at a break neck speed, is this what gives it its value? This is the stuff panzi schemes from the 80's were made of, (except now they live in digital world), those who get in early rake in the money from all the suckers, er people who got in late. They tout how they got rich (off OPM) and are living fat n happy now. WOO HOO - Good for you, for getting in and getting out. Raking in profits on the suckers who came in behind you. Do you truly wear that badge of honor proudly? Do you look down on others who didn't get in? Couldn't get in? Or had the sense that something wasn't quite right with it? A digital drug, intoxicating to those who jumped in early, those watching and are tempted to jump in now, and to those in control. The Committee Called "They" call this a currency, Why? How is that possible? How can there be price stability in a digital currency that has no limits and that is not backed by anything tangible? The true definition of currency is to exchange one medium for another. Is this not suppose to be with some sort of stability? If the value of the dollar right now is tagged to this crypto currency, then we are truly witnessing the de-value of our money right before our eyes. For every dollar that floods into this 'currency', sucks the life blood away from the masses and makes people more dependent on a digital world and now not only a slave to the debt system we currently live in, but now a become a digital slave, more intwined in the wicked web we all helped weave.... You should be proud of your action. We all know wallets can be stolen, hacked and now the pickpockets can do it while sitting in the comfort of their chair. Help usher in the new age of coin, it will be implanted on the back of your hand soon enough, where else would it be safe? But what do I know, this is just my 2 cents which, in my opinion, is worth more than any digital crypto coin... Put your Trust in Jesus, the End is near....  IMHO Chugiakian |
| Anonymous Coward User ID: 75955956 United States12/07/2017 12:36 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75955616 United States12/07/2017 12:45 PM Report Abusive Post Report Copyright Violation | Op is spot on and did a good report to clarify this. If the masses stream one way,you must swim the other in this day and age. For the stream flows towards the abyss! Go against the flow to survive! And the currently needed exercise,it keeps you healthy,physically and mentally! |
| beeches
User ID: 74276477 United States12/07/2017 12:50 PM  Report Abusive Post Report Copyright Violation | |
| TheOracle'sCookie
User ID: 75477895 United States12/07/2017 12:55 PM Report Abusive Post Report Copyright Violation | Totally agree with you. I watch a video about the crypto currencies and what all the flap about that robot getting "citizenship" in Saudi Arabia...It's about A.I. taking over--it was very alarming and I hope it isn't true. Otherwise, we are at the beginning of THE MATRIX...and we ALL know how that ended up!  O'sCookie "Know ONE thing absolutely...and you will UNDERSTAND everything. Walt Whitman "Leaves of Grass" "...Buckle up buttercups cuz this shit is going to go biblical." GLP'er Thread: Update Pg14 2 Trees of Genesis! Alien Covenant Ridley Scott's new Movie: Carries Message on DNA and Ark of the Covenant! Video Thread: Updated: The Radcliffe WAVE Discovered along Milky Way's Dark Rift! Is this LaViolette's Super Wave? Thread: "Founder of Analytical Psychology," Carl Jung Called "Disturbed" Due to His "Red Book!" Video Thread: Greatest Secret of the United States, Causes of the Ice Age and Nova, Thread: 2-23-2020 pg. 8 Big Update: The DAVINCI EQUINOX CODE: Ancient Equinox temples were WARNINGS not "celebrations" of the sun." Thread: Disney's TV Series "LOST" MARATHON! Numbers/Script Match Future News! 2018-2020 Target Years. |
| Chugiakian
(OP) User ID: 14505991 United States12/07/2017 01:05 PM Report Abusive Post Report Copyright Violation | |
| Chugiakian
(OP) User ID: 14505991 United States12/07/2017 01:12 PM Report Abusive Post Report Copyright Violation | Op is spot on and did a good report to clarify this. Quoting: Anonymous Coward 75955616 If the masses stream one way,you must swim the other in this day and age. For the stream flows towards the abyss! Go against the flow to survive! And the currently needed exercise,it keeps you healthy,physically and mentally! I have watched this for years, but the speculation factor from 8 or 9 years ago has not changed. Touting a freedom from a fiat currency that has no price discovery, strips wealth away at a break-neck speed is like mounting a booster rocket on top of your car, telling everyone... "Hey Y'all, watch this"...... as you flip the switch. The mere fact that it was broadcast in 1988 is all further that one needs to look in order to see what their intention is. The Mark is coming. Everytime I CRAM my debit card up into the arss of the chip reader at the store, only makes me more convinced this is the direction The Powers That Think They Be are heading us.....THEY NEED CURRENCY TO GO DIGITAL! Chugiakian |
| Chugiakian
(OP) User ID: 14505991 United States12/07/2017 01:20 PM Report Abusive Post Report Copyright Violation | Totally agree with you. I watch a video about the Quoting: TheOracle'sCookie crypto currencies and what all the flap about that robot getting "citizenship" in Saudi Arabia...It's about A.I. taking over--it was very alarming and I hope it isn't true. Otherwise, we are at the beginning of THE MATRIX...and we ALL know how that ended up! O'sCookie It is linked, I watched it too, Here, lets show those who may have missed it..... [link to www.youtube.com (secure)] [link to www.youtube.com (secure)] [link to www.youtube.com (secure)] I watched the first few minutes of Extant, and how they are ushering in an acceptance of AI. It Freaked me out big time, after watching Geordie Rose's video above. Chugiakian |
| Chugiakian
(OP) User ID: 14505991 United States12/07/2017 01:49 PM Report Abusive Post Report Copyright Violation | |
| DARTH SILIOUS
Abrasive Fuck User ID: 75814920 United States12/07/2017 02:21 PM  Report Abusive Post Report Copyright Violation | Good post. For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Peace is a lie, there is only passion. Through passion, I gain strength. Through strength, I gain power. Through power, I gain victory. Through victory, my chains are broken. The Force shall free me. Or something |
| Chugiakian
(OP) User ID: 14505991 United States12/08/2017 12:34 AM Report Abusive Post Report Copyright Violation | Good post. Quoting: DARTH SILIOUS For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Wild Speculation= the wild west. Crypto Fever is the new Gold Fever....Thar's Gold in dem der hills! At least with Gold, you actually have something of value  Chugiakian |
| Fluffy Pancakes
User ID: 75959740 United States12/08/2017 12:06 PM  Report Abusive Post Report Copyright Violation | Bitcoin is simply insane. I don't get how this is getting so hyped up. And yes, I listened to Keiser, probably five or six years ago about Bitcoin. Good luck to those in it. I'll just keep things tangible. Things are bad enough, there is no need to make anything up. ~Fluffy "Never interrupt an enemy in the process of destroying himself." Quercitin and zinc...Get it. Take it. Visit howbad.info...If you took the shot, for sure. |
| Chugiakian
(OP) User ID: 14505991 United States12/08/2017 10:27 PM Report Abusive Post Report Copyright Violation | Bitcoin is simply insane. I don't get how this is getting so hyped up. And yes, I listened to Keiser, probably five or six years ago about Bitcoin. Quoting: Fluffy Pancakes Good luck to those in it. I'll just keep things tangible. Notice how little traction this thread has received? the Hockey stick effect? Chugiakian |
| Roobit
User ID: 75576792 United States12/08/2017 10:32 PM Report Abusive Post Report Copyright Violation | Good post. Quoting: DARTH SILIOUS For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Well, fyi, the chief tech at Nice Hash is the same dude responsible for the Mariposa virus back in 2010. They have a convicted hacker working for them... also, people left too much money sitting in a wallet that they dont control. Nicehash was apparently easy to mine with, but easy breeds lazy and a lot of people got fucked. It was probably an inside job. Last Edited by Roobit on 12/08/2017 10:32 PM The Abyss stares back... Glp ping pong champ... |
| Roobit
User ID: 75576792 United States12/08/2017 10:39 PM Report Abusive Post Report Copyright Violation | Good post. Quoting: DARTH SILIOUS For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Wild Speculation= the wild west. Crypto Fever is the new Gold Fever....Thar's Gold in dem der hills! At least with Gold, you actually have something of value You can buy gold and silver with bitcoin at apmex, so yeah... I laugh at both extremes of haters and lovers. You all think everyone is dumber than you. The value of gold works the same.as it would for any asset. Its only worth what someone will give you. Try moving a few million in gold across a border when you're fleeing from war or gov stooges. One number key on a slip of paper or usb drive and you have your cryptos, in hand. Make money on cryptos, buy more gold and silver and other " utility" metals. The Abyss stares back... Glp ping pong champ... |
| Anonymous Coward User ID: 69319325  Canada12/08/2017 10:44 PM Report Abusive Post Report Copyright Violation | Also, the fact that cryptos have zero inherent value is meaningless too. Do you think that someone who bought BTC at $100 per coin cares whether or not they have any inherent value? The truth is, a LOT of people got rich quick off BTC, and I'm sure many more will follow. Regardless of your opinion on what cryptos are worth, people can and do get rich off them. |
| Anonymous Coward User ID: 69319325 Canada12/08/2017 10:45 PM Report Abusive Post Report Copyright Violation | Cryptos will have real cause value for as long as a significant amount. Of people believe they do. And the belief that cryptos hold value isn't going away anytime soon. So yes, they do have value, just as much as fiat currency or gold does. |
| Anonymous Coward User ID: 74788550 United States12/08/2017 10:45 PM Report Abusive Post Report Copyright Violation | oh god here we go again with the doomsday scenarios ONE EMP AND POOF!!!! dude if an emp hits near you, there is a 90% likelihood you will die. and if you don't die and have perishables and/or gold you will likely have to fight for it for your life. the crypto train is leaving whether you get on or not. |
| Anonymous Coward User ID: 74788550 United States12/08/2017 10:50 PM Report Abusive Post Report Copyright Violation | the value is the protocol as a trustless medium of exchange that sustains itself with no central actors by providing incentives in the form of people mining/staking/running master nodes. platforms for video media, music, file transfer, contracts can be built on top of it and their are countless examples but i doubt you will look. THAT'S THE VALUE!! do you not pay endless transaction fees at banks to do some of these very things? |
| Roobit
User ID: 75576792 United States12/08/2017 10:52 PM Report Abusive Post Report Copyright Violation | the value is the protocol as a trustless medium of exchange that sustains itself with no central actors by providing incentives in the form of people mining/staking/running master nodes. Quoting: Anonymous Coward 74788550 platforms for video media, music, file transfer, contracts can be built on top of it and their are countless examples but i doubt you will look. THAT'S THE VALUE!! do you not pay endless transaction fees at banks to do some of these very things? Most dont pay attention to that. The Abyss stares back... Glp ping pong champ... |
| Anonymous Coward User ID: 74788550 United States12/08/2017 11:03 PM Report Abusive Post Report Copyright Violation | Here's why: [link to www.outsidethebeltway.com] productivity since bretton woods has continually gone up and up and up. but wages real wage increases have stagnated or more than likely decreased. people are working harder and harder and producing things quicker and quicker. communication has never been faster yet we get poorer. high velocity trading pulling money out of small time investors pockets like a vacuum cleaner. endless debt and inflation eroding the purchasing power of your hard earned pay check. look at your fucking grocery cart for christ sake. my mom would fill that shit up when i was growing up and it would rarely be 100 dollars, now you go and get a few things for one person for the week and it's the same price. now cryptotards are finally taking the power back and creating money that has a set protocol of rules attached to it where we can freely vote to convert our fiat to a protocol that we think is fair and we are duped. if you want to no who has been duped, look in the mirror. because you've fooled yourself into believing there is no hope and we have to continually getting poorer and poorer and scraping by barely making ends meet for the rest of our lives and essentially live in a world where the only way you get ahead is by joining a bunch of satanists! |
| Anonymous Coward User ID: 74788550 United States12/08/2017 11:05 PM Report Abusive Post Report Copyright Violation | |
| solar2004 User ID: 75056126 Canada12/08/2017 11:08 PM Report Abusive Post Report Copyright Violation | |
| Roobit
User ID: 75576792 United States12/08/2017 11:21 PM Report Abusive Post Report Copyright Violation | |
| Chugiakian
(OP) User ID: 14505991 United States12/09/2017 08:54 AM Report Abusive Post Report Copyright Violation | Good post. Quoting: DARTH SILIOUS For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Wild Speculation= the wild west. Crypto Fever is the new Gold Fever....Thar's Gold in dem der hills! At least with Gold, you actually have something of value You can buy gold and silver with bitcoin at apmex, so yeah... I laugh at both extremes of haters and lovers. You all think everyone is dumber than you. The value of gold works the same.as it would for any asset. Its only worth what someone will give you. Try moving a few million in gold across a border when you're fleeing from war or gov stooges. One number key on a slip of paper or usb drive and you have your cryptos, in hand. Make money on cryptos, buy more gold and silver and other " utility" metals. There are certainly plenty of people who are way smarter than myself. It is pretty naive to say "you all think", cause I certainly don't. Right now you cannot take gold down to the grocery store to exchange for goods, nor can you (for the most part) with crypto's. Both can be difficult to access. Listening to the SGT Report, he was trying to access coinbase, while on a live interview and the server reported back that it was down for maintenance......so he couldn't get access to do any transactions at all. Plus, the IRS is asking that coinbase turn over personal accounts of everyone who has an account there.... some border won't stop Guido the IRS Pimp from tracking somebody down. Even if you can take a thumb drive across a border somewhere, do you know how many thumb drives or hard-drives I have had go bad? Sorry. Next thing we know, TSA will be doing full body scans and confiscating thumb drives too! Tchit, they made me leave my little wallet tool behind because they saw that as a threat. plus they have keys for opening every one's checked baggage, lots of luck with crossing some border..... There is plenty of evidence that shows TPTTTB are using paper Futures market to manipulate gold prices, the same may be true if Crypto's gets its way with the Futures market. who's to say it won't be manipulated too? I'm not going to argue that plenty will get rich, and haven't already. but it is wild speculation and greed that is driving it. Not that it is a better way to do business. In fact the more I see it, Block chain will be behind the One World Currency and you will not be able to buy or sell without the mark...... prepare..... IT is coming. Chugiakian |
| Chugiakian
(OP) User ID: 14505991 United States12/09/2017 09:00 AM Report Abusive Post Report Copyright Violation | #2 is a moot point. Smart people move their coins immediately from their exchange account into their own personal offline wallet. As long as you keep your computer and password secure, your coins can never be hacked this way. Only idiots keep coins in their exchange wallet. Quoting: Anonymous Coward 69319325 Also, the fact that cryptos have zero inherent value is meaningless too. Do you think that someone who bought BTC at $100 per coin cares whether or not they have any inherent value? The truth is, a LOT of people got rich quick off BTC, and I'm sure many more will follow. Regardless of your opinion on what cryptos are worth, people can and do get rich off them. A get rich quick scheme?!? sounds like what you are describing. Listen at Min 11:48 or so, in this interview SGT Report talks about the IRS and not being able to access CoinBase cause the site is down for maintenance (Probably due to having to hand over account information to the IRS. [link to www.youtube.com (secure)] It's all rigged. Global elite bankers are some of the biggest criminals out there. Last Edited by Chugiakian on 12/09/2017 09:01 AM Chugiakian |
| Anonymous Coward User ID: 75794861 United States12/09/2017 09:05 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75461238  Sweden12/09/2017 09:11 AM Report Abusive Post Report Copyright Violation | I read somewhere that there are 3 fatal pitfalls with a digital bit-coin Quoting: Chugiakian #1 In If you think the Global elite bankers are going to sit on the sidelines and let this take over, you are crazy. They are playing us all as fools. #2 No Guarantees Exchanges have already been hacked and stolen #3 No Inherent Value Just like there is no longer any value in the Fiat Currency we currently use, there is certainly no value in ones and zero's sitting in cyberspace..... Tell me, what is a fair price? A price based on wild speculation?? If you think The Powers that Think They Be are going to sit on the sidelines and let this take over, you are fooling yourself. they are behind this all the way. Just go look at the cover of the Economist magazine from 1988 (unable to paste link from silver doctors commentary)..... /headlines/world-news/world-cryptocurrency-not-gold-backed-yuan-in-light-of-the-1988-economist-magazine/ Snip "It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes." Is the value of Bitcoin the value of the flood of monies into the coin? Is this what it is worth? Pure Speculation! Money that floods into these coins at a break neck speed, is this what gives it its value? This is the stuff panzi schemes from the 80's were made of, (except now they live in digital world), those who get in early rake in the money from all the suckers, er people who got in late. They tout how they got rich (off OPM) and are living fat n happy now. WOO HOO - Good for you, for getting in and getting out. Raking in profits on the suckers who came in behind you. Do you truly wear that badge of honor proudly? Do you look down on others who didn't get in? Couldn't get in? Or had the sense that something wasn't quite right with it? A digital drug, intoxicating to those who jumped in early, those watching and are tempted to jump in now, and to those in control. The Committee Called "They" call this a currency, Why? How is that possible? How can there be price stability in a digital currency that has no limits and that is not backed by anything tangible? The true definition of currency is to exchange one medium for another. Is this not suppose to be with some sort of stability? If the value of the dollar right now is tagged to this crypto currency, then we are truly witnessing the de-value of our money right before our eyes. For every dollar that floods into this 'currency', sucks the life blood away from the masses and makes people more dependent on a digital world and now not only a slave to the debt system we currently live in, but now a become a digital slave, more intwined in the wicked web we all helped weave.... You should be proud of your action. We all know wallets can be stolen, hacked and now the pickpockets can do it while sitting in the comfort of their chair. Help usher in the new age of coin, it will be implanted on the back of your hand soon enough, where else would it be safe? But what do I know, this is just my 2 cents which, in my opinion, is worth more than any digital crypto coin... Put your Trust in Jesus, the End is near.... IMHO 1. To trust, you need faith. Like buying gold. You need faith that the gold is real. It is not a good thing in this circumstance. You want to be certain when it comes to financial things. 2. Lehman brothers. I personally know a person that lost some $130.000 3. It is like saying VISA and master card have no inherent value, even though they provide financial services that we use. |
| Katballoo
User ID: 75959223 Canada12/09/2017 09:14 AM Report Abusive Post Report Copyright Violation | Good post. Quoting: DARTH SILIOUS For me it is the complete lack of security of cryptocurrencies. Just yesterday some $70M was stolen and good luck figuring out who it was or ever getting anything back. Cryptocurrencies might well be the wave of the future but in the current form I just don't see it. Wild Speculation= the wild west. Crypto Fever is the new Gold Fever....Thar's Gold in dem der hills! At least with Gold, you actually have something of value Exactly! I have also heard that with gold, we physically react in a positive way when we have gold on our bodies. |
| Anonymous Coward User ID: 45870368 United States12/09/2017 09:23 AM Report Abusive Post Report Copyright Violation | Cryptos are not viable currencies at the moment and are simply trading instruments for wild speculation. Lack of a governing body means if there is fraud then there will be no recourse. You are simply out of luck and must eat the loss. |
| Anonymous Coward User ID: 72187067  Germany12/09/2017 09:28 AM Report Abusive Post Report Copyright Violation | |
