[discostu]

They maybe didn’t, they do now. Or will within a week of the bank deciding they want to mine. Those machines are for buying and selling stuff to make money. They will use them to make money.

No the main use of money by banks is NOT lending. It’s GROWING. Sometimes through lending, but often not. As I said, these guys are sitting on trillions of dollars, there just isn’t that much loan market. Banks put a lot of manpower into loans, but their real push is buying and selling. That’s what all those computers are doing, buy and selling, anything and everything, rapidly. The kids DO NOT MATTER, that’s your obsession and not part of reality. Every time you reference “the kids” what I read is “my delusional true believer bullshit”. They’ve been over powered.

Banks don’t need to manipulate kids to anything. They’re buying and selling. That’s driving the price up, which is encouraging other big businesses to get in the game. The kids don’t matter. They’re out.

And so am I. True believers won’t listen, as you’ve proved. You’re wrong on all counts, and the game is on, and much more interesting than any true believer ever. have fun helping the banks get more powerful while foolishly thinking you’re beating them.

[palmer]

As I mentioned at the outset the main price driver has been wealth transfer. The people buying CC in China are price insensitive, they need to move 20 miillion whatevers out and will buy however many CC that 20M buys. Then sell. But there's a delay in selling because they are holding instead. Without the price rise there will be less holding, but still some

Think of this example. You are a rich Chinese with one child. You send that child to an American university and hope to retire in America. You buy CC and wait for right time to leave. Those Chinese are not trying to "beat the banks" and have a positive effect on price.

The kids who are the source of your hangup are trying to beat the banks, but they are not true believers like me. They are just killing time, using the free electricity given to them, and cashing in when the banks get interested in their CC. They don't choose an existing CC, they make a new one. The bank doesn't tell them what to do or how to do it. The bank doesn't sell graphics cards.

Will there be billions more now for the kids? Probably. The alt-coin bubble is just getting started. Was there billions for them in the past? Absolutely. Who mined and bought them at the outset? You are delusional if you think that was the banks.