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To: narses
The "phantasm" is getting some real hard looks by the financial industry as a new model. Right now it is being fleshed out and its weaknesses understood. I like it as I don't day trade with it. I bought low, real low and I like how I can move it about and I can access it no matter where I am. I can also use it as a currency exchange if aborad. There is quite a lot going for this technology but it is not for the timid yet.

BTW, what do you call what the federal reserve has been doing for many months now pumping money into the stock market? If you have a retirement, it's probably hooked into stocks and bonds. The fed is creating something out of nothing and all that is backing the greenback these days is faith that our nation will pay its bills on time (not that it actually can).

33 posted on 12/28/2013 9:55:36 AM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Ghost of SVR4
The "phantasm" is getting some real hard looks by the financial industry...

Especially when it comes to "pushing" payments as opposed to "pulling" payments the way CCs do. It eliminates much of the headaches such as fraud, pull backs, and customer record keeping that the CC companies and vendors have to deal with.

36 posted on 12/28/2013 10:08:27 AM PST by Errant
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To: Ghost of SVR4
what do you call what the federal reserve has been doing fom many months now pumping money into the stock market?

Only people who don't belong there think that stock value is money until it's sold. It's a fake price created with bogus money, and it evaporates if people start cashing out.

47 posted on 12/28/2013 12:41:36 PM PST by grania
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