Guess who owns 6,000,000 bitcoin ...
Ask Hitler what happens when you try to escape a privately owned central bank.
Chinchillas, that’s the future market.
Money was created as a ponzi scheme from the very beginning, allowing goldsmiths to knowingly issue more certificates than their reserves ...
“The US government has attacked Iraq, Libya and Syria to protect its currency”
nonsense. Iraq etc. are economically irrelevant to the $US as a global currency.
The reason the $US is the global currency is because there is $20 trillion in US dollar borrowings outside the USA, that has to be repaid in dollars. That establishes a huge international demand for dollars.
A second reason is foreign exchange transactions. The reason the $US daily foreign exchange vol is so huge is that the “crosses” don’t really exist for commercial size transactions. That is, to convert Argentine reals or astrals into Thailand bhat in commercial quantities, you first convert the real to the $US, then $US to the bhat.
Every non US dollar FX actually has two US dollar transactions - hence the huge volume.
It’s going to be a long time before there is 20 trillion in bitcoin borrowings, or 2 trillion a day in bitcoin FX transactions.
At least gold has a long history as a store of wealth.
Bitcoin = tulip bulbs as a store of wealth or stable unit of account.
“Big Government Is Bitcoin’s Greatest Obstacle”
Yep, “Big Government” has also cracking down on tulip bulbs and “investment-grade sardines” lately as well, both of which would really take off if “Big Government” wasn’t such an overwhelming obstacle ...
“Big Government Is Bitcoin’s Greatest Obstacle”
Indeed. Instead of just rising by 600% in 2017, bitcoin would have risen by a hundred bazillion percent IF ONLY “Big Government” hadn’t been such a gigantic obstacle ...