That's not a Ponzi Scheme, that's kiting checks.
Fiat currencies are faith based. I don't know why they left the H out.Is it me or is al Qaeda winning the war of destroying us by our financial system?
We are destroying ourselves with unsound fiscal practices by our corrupt politicians, as supported by our slovenly, entitled populace.Is it me or is al Qaeda winning the war of destroying us by our financial system?
The problem with Bitcoin is dilution ... it was first, but the model is encouraged to be copied. So when the blockchain model is used for stock exchanges, personal exchanges, penny stocks, etc., then what does Bitcoin have over the others except that it was there first? A bigger blockchain is more difficult to attack with a 51% attack, but the file is bigger and more cumbersome to manage.random said:Had a look at the link. Agree with most except the 'Where does the value come from?' part.
I have friends trading in bitcoin and I will be soon to probably. The value is a function of choice, yeah, but it is also a function of limited quantities of the currency. I do not gamble but if I had to I would bet on bitcoin over the US dollar over the next decade.
Umm... yeah, charging a LOT more to transfer money might just place you at a competitive disadvantage compared to those who charge a LOT less....Rapid and significant technological changes could occur, resulting in new and innovative payment methods (including cryptocurrencies) and programs that could place us at a competitive disadvantage and that could reduce the use of MasterCard products.”
Some of the larger commodities have been a pretty wild ride over the last year.If you're looking for a stable investment, things like commodities and land and education might be better.
Having spent a few years in that business, I don't see how anyone could recommend commodities as a stable investment. That's like the Wild West compared to the stock market. Even well structured spreads to cover your ass can go south in a hurry.Some of the larger commodities have been a pretty wild ride over the last year.If you're looking for a stable investment, things like commodities and land and education might be better.