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Goldman Sachs invests in bitcoin company
05-08-2015, 03:29 AM #31
SpiritMasonChazz Member
Posts:938 Threads:102 Joined:Jun 2014
(05-07-2015, 09:55 PM)CmdrDraco Wrote:  
(05-07-2015, 09:09 PM)SpiritMasonChazz Wrote:  Bitcoin will crash to 0 again what comes around goes around.
The coming USA civil war will be about putting a Silver Gold slandered back in place. Euro my buy into this online money digit trash but not the American dollar revolution reboot we will not accept more corporate wall street money games after the soon to come dollar crash .

Hello SpiritMasonChazz!

What kind of financial system would you be willing to accept after the soon to come dollar crash?

Richard zio Jew Nixon said fiat was to only be temporary. Silver backed paper is due back. Audit the federal reserve backed by silver at 200.00 dollars per ounce
05-08-2015, 04:56 AM #32
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,390 Threads:1,479 Joined:Feb 2011
(05-07-2015, 07:48 PM)CmdrDraco Wrote:  
(05-07-2015, 07:40 PM)Accidental Stoner Wrote:  So..the world is trying to turn me into a nerd.


It has probably already happened, good luck getting laid without a computer in 2015 chuckle.gif
(last time I visited a nightclub a lady asked me if I use Facebook)
(05-07-2015, 07:48 PM)CmdrDraco Wrote:  To be quite honest even among nerds bitcoin is still considered quite nerdy, so it's not as bad as it might seem in this thread, and it's a lightyear away from being mainstream.
Yeah, most don't get it at all. It's apparently a tad too challenging for some to get their head around the process, akin to computers in the 70's when the question was often asked, what the hell are you supposed to do with it?

05-08-2015, 02:11 PM #33
CmdrDraco Member
Posts:89 Threads:10 Joined:May 2015
(05-08-2015, 03:29 AM)SpiritMasonChazz Wrote:  Richard zio Jew Nixon said fiat was to only be temporary. Silver backed paper is due back. Audit the federal reserve backed by silver at 200.00 dollars per ounce

I have to agree with you on the silver price there. In the kind of scenario you described I have seen less conservative estimates by an another order of magnitude for the maximum upside of the silver price. This is physical sliver I am talking about, not paper silver.

But why do you want paper? And why do you want the FED? If you would just use physical silver coins you could get rid of both paper and FED and you could do that like today without inventing anything new.
05-08-2015, 02:19 PM #34
Jr nli Incognito Anonymous
I'm surprised at how many here don't have bank accounts at all and just use cash.
05-08-2015, 03:01 PM #35
CmdrDraco Member
Posts:89 Threads:10 Joined:May 2015
It's cool that people use cash, but sometimes you would like to send money all around the planet...

Maybe you could do them all a big favour over there and invent BANK ACCOUNT NUMBERS*? chuckle.gif

I mean having a US bank account must feel like having a cell phone without a SIM-card or like having an email inbox but no email-address...???

*) A bank account number is a number that you can give like to people you don't know and they can put money on your account.
05-08-2015, 04:01 PM #36
Shadow Incognito Anonymous
(05-08-2015, 03:29 AM)SpiritMasonChazz Wrote:  Silver backed paper is due back. Audit the federal reserve backed by silver at 200.00 dollars per ounce

iagree.gif silver backed currency would be best, gold is impossible I'd think, it would have to be priced at ~ $50k per ounce with the amount of fiat in circulation. Morgan Chase bought 50 million ounces in April and took delivery!blink.gif what do they know?
Paper is a convenient medium of exchange but worthless if not backed by a tangible.
05-08-2015, 07:07 PM #37
CmdrDraco Member
Posts:89 Threads:10 Joined:May 2015
I am personally a big fan of coins nowadays. chuckle.gif

A regular coin is the most versatile exchange medium you can find,

A coin can be used off-the-grid to transfer:
- FIAT (USD, EUR, AUD...whatever)
- PM:s (Gold, Silver...)
- Cryptos (Casascius, Denarium)

Paper can not handle PM:s without having a trusted third party involved which becomes a centralized system that might allow corruption an stuff.
Upside with paper is of course that it's convenient but I would rather carry the extra weight of silver than have a corrupted system.

Off-line transactions with physical cryptocoins are nice, they can then be taken online any time and sent instantly to the other side of the world without any third parties like banks involved.
05-08-2015, 08:07 PM #38
Octo Mother Superior
Posts:41,156 Threads:1,535 Joined:Feb 2011
You should take a bag of coins to the bank and ask for a wire transfer chuckle.gif
05-08-2015, 08:18 PM #39
CmdrDraco Member
Posts:89 Threads:10 Joined:May 2015
Oh I know what it is now chuckle.gif

I googled it.

It's when you transfer money to somebodys account with your nätbank that's called a wire transfer.

We just don't have the progress bar like in the movies...

US wire transfers can be costly, for example, as of November 2011 the Bank Of America charged $25 to send a wire and $12 to receive one within the U.S. For international transfer, it charged $35–$45 outgoing, $16 incoming.[7] However, fees may vary from bank to bank. Credit Unions charge a little less. For example, Delta Community Credit Union has an outgoing fee of $15 for domestic wires, and varying fees for international wires. However, they do not have an incoming wire fee.
05-08-2015, 08:34 PM #40
Octo Mother Superior
Posts:41,156 Threads:1,535 Joined:Feb 2011
Sweet Jesus, that's some costly wires 13.gif
failboat Show this Post
05-09-2015, 11:02 AM #41
failboat Incognito Anonymous
(05-08-2015, 02:19 PM)Jr nli Wrote:  I'm surprised at how many here don't have bank accounts at all and just use cash.

do you mean here on the message board or in the united states? 13.gif
05-09-2015, 12:59 PM #42
Octo Mother Superior
Posts:41,156 Threads:1,535 Joined:Feb 2011
I think he meant the US 13.gif



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