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Central Banks have been told they need to look into going digital. I think a lot more country's will create their own digital.
During the last financial crisis one main issue was liquidity in the markets. To "fix "that they increased the money supply ( printed more dollars) and used tax payer funds to bail out too big to fail institutions.
What the GM closings highlight is that these companies took the money, looked at it as record profits on their books and didn't re invest in jobs. Plus gas driven cars are on the way out. So many countries going all electric auto in the next ten to fifteen years plus AI and driverless cars.
These companies are too big to fail and too big to innovate.


A Federal Reserve task force Friday called on the U.S. financial system to make faster payment solutions available to every consumer and business by 2020

https://www.marketwatch.com/story/fed-sets-2020-goal-for-faster-payment-systems-2017-07-21

Central banks should consider issuing digital currencies as money faces a "historic turning point," according to IMF Managing Director Christine Lagarde. In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world.Nov 14, 2018


https://www.cnbc.com/2018/11/14/cen...r-issuing-digital-money-imf-boss-lagarde.html



Coinbase roll outs are regional
 
I wonder how the pending financial crisis will impact crypto
All that debt is gonna be bad for everyone.....

Digitizing the world in the next 20 years will require the death of debt... so many companies will crash overnight...

The last 10 years have been leveraged and based on credit... so much credit that most companies have 8x more debt than cash on hand....

I don’t even want that scenario to occur but it’s inevitable.....
 
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Not to get too fringe, but alot of chatter going on about a global debt reset and I could see the next financial crisis triggering that. The amount of debt created in the past 50 years is so massive it's never gonna get paid off. Its predatory lending at the government scale. Trump is going to blame the failing economy on Fed Reserve policy and I think he'll actually bring some sort of change. Possibly a retalitory FED audit since everyone is calling to audit him.

90
 
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Not to get too fringe, but alot of chatter going on about a global debt reset and I could see the next financial crisis triggering that. The amount of debt created in the past 50 years is so massive it's never gonna get paid off. Its predatory lending at the government scale. Trump is going to blame the failing economy on Fed Reserve policy and I think he'll actually bring some sort of change. Possibly a retalitory FED audit since everyone is calling to audit him.

90
Change in favor to him and his friends.
 
Change in favor to him and his friends.

**** Bove: Trump carries mantle for Andrew Jackson in fight against the Fed
https://www.cnbc.com/2018/07/31/***...e-for-andrew-jackson-in-fight-against-th.html

Jacksonian revolt
Taking a deeper dive, consider these two figures: From the second quarter of 2008 to the second quarter of 2018 bank loans grew by 2 percent per year; the S&P 500 grew by 7.2 percent annually, excluding dividends.

These numbers are at the heart of the Jacksonian revolt against the Second Bank of the United States. Their argument was that the Northeasterners were controlling money supply for their own benefit starving the west and south from receiving funds and, therefore, from growth.

When the creation of the Federal Reserve was being debated, the same argument was used and Jackson's name was constantly evoked. Only by then the argument focused on Wall Street. The considerable opposition to the creation of the Fed was led by notables like William Jennings Bryan, who argued that Wall Street would control the funds in the United States, starving the west and the south and rewarding the Northeasterners on Wall Street.

If either Jackson or Bryan had seen the two stats above related to loans and the stock market they would probably been apoplectic. They would clearly argue "I told you so."

 
blood on these streets. my cb autobuy for $100 just netted me 25.7 ETC. cray...steady stackin. :emoji_heart_eyes:
 
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Might add autopay to my account

Hearing mixed reports on a new roadmap for ETC and at the same time hearing the project is dead
Project isn’t dead , the etcdev team which isn’t the only development team working on the project is shutting down due to funding...

Steemit laid off 70 percent of their staff

Paying people in crypto only works well in a prolonged bull market I suppose... 1eth in January could pay someone’s rent... today 1 eth will get you some air max on sale

The bear might be here for awhile
 
Gotta say man you dudes are brave to put more money in but hey do you.

Hope it works out for all of us.
 
Gotta say man you dudes are brave to put more money in but hey do you.

Hope it works out for all of us.

I hear what you’re saying. But is it better to buy btc say at $17k last year? Remember when everyone was saying, damn wished i bought at 5k...now they dont wanna buy at 3.5k. Same cats will buy back my stack at 10k...i aint mad.
 
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