Bitcoin the highest performing currency

Isabella sj Thu, 01/21/2016 - 06:38
Forums: 
Economics

Study: Bitcoin Capital.

Being a Contrarian like being a Libertarian one has to recognize that going with the herd doesn't work. It is the opposite. Always go with opposite of what others are doing. I have questioned my gut a few times in my life when opportunities showed up and I did not jump in or just went along. I live to regret it. Now, that I'm 60 I truly feel old enough to say. YEP, let's dive. Even when those around me say the opposite.

Please watch this show. https://www.youtube.com/watch?v=ubqjei3Jd-U&feature=youtu.be&a

I got this link from them Stacey and Max. I haven't studied it yet. But I am going to.https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love...

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Isabella sj's picture
About the author
I went to Popular Liberty looking for silver education and I got GOLD. Thank YOU Question more. https://youtu.be/3eA4OHW8v2k https://youtu.be/mgm8qYEFKwc
Isabella sj's picture
Isabella sj
01/23/2016 - 07:53

Holding the metal regardless of today or yesterday's price is a certain thing. Paper is what can I say? toilet paper. Thanks for the suggested book.

I went to Popular Liberty looking for silver education and I got GOLD. Thank YOU Question more. https://youtu.be/3eA4OHW8v2k https://youtu.be/mgm8qYEFKwc

jay's picture
jay
01/21/2016 - 14:07

Thanks for the video. I take issue with Simon Dixon's assertion that the banks are somehow trying to co-opt bitcoin by creating their own blockchain. Max and Stacy accuse former bitcoin developer Mike Hearn of "whiny rage-quitting", and that may or may not be true, but he's not a traitor for helping the banks develop their own blockchain technology. Blockchain technology has value completely apart from crypto-currencies, and forward-thinking businesses should be taking advantage of it. Imagine how useful it would be for a patent applicant to be able to upload his idea to a blockchain and have an undeletable, unchangeable record of it with a timestamp. Imagine how trusts, whistleblowers, contract holders, or anybody that needs a public record of an exchange that everybody can access but nobody can delete or change, could benefit from blockchain technology. The bitcoin developers see the value of the blockchain apart from bitcoin's ledger and devote 40 bytes or so to this kind of metadata, but there's a lot of room out there for special-purpose blockchains for uses other than crypo-currency ledgers.

http://spectrum.ieee.org/computing/networks/the-future-of-the-web-looks-...

I wish Mr. Hearn the best in his new job and hopefully it will be a more productive endeavor than trying to fork the bitcoin blockchain.

Isabella sj's picture
Isabella sj
01/22/2016 - 07:01

I'm glad you shared this. Just beginning to learn about this technology. I'm apprehensive because of distrust grown from everything post 9-11. If it's electronic to my understanding; it can be altered, deleted and stolen so I've not dedicated much time to it until now.

I saw a presentation in which it was explained that one could travel to a different country not have one owns phone and still have access. My question remains: What if I am in another country and the only "currency" I have access is my bitcoins. What can I buy?

Refugees are being stopped by gov. in Europe and their belongings confiscated. Could that be the case with Bitcoin? And then there this a year ago: Mike Hearn on the fragility of bitcoin https://youtu.be/iMIzMVABFxQ

Comment on article: "disorganized fashion" I love that kind of fashion! ?The future will not be centralized."? If this is so then, all the work that the gov. actors have spent so many years designing to "CONTROL" everything everyone does is already null? Is this why (cryptography) then that the gov. actors are screaming to silicone valley? So that they do have access to everyone's currency, documents, communications, etc. because they really don't have access? Oh boy, so much to understand.

Investments: Ron Paul and many others that I've studied say the same thing. If it difficult to understand don't invest on it. Like derivatives and toxic mortgages. So, the Contrarian way would be to go for it anyway? One doesn't need to understand just use? Smoke is coming out of my brain. I don't understand the chemistry composition of the metal gold. All I know is that it is valuable. LOL

I went to Popular Liberty looking for silver education and I got GOLD. Thank YOU Question more. https://youtu.be/3eA4OHW8v2k https://youtu.be/mgm8qYEFKwc

just-here-being-me's picture
just-here-being-me
01/22/2016 - 04:36

I love Bitcoin by the way.  Anything that undermines the establishment is a good thing.  But the understanding of money has been lost.  It's a medium of exchange.  And that medium of exchange has been lost thru fractional reserve banking.  Regular banks create as much money if not more than the Federal Reserve.  Educate yourself.

"I smoke out of spite" - Bill Hicks

Isabella sj's picture
Isabella sj
01/22/2016 - 07:05

working on the education part. I get the fractional banking thingy. Like addiction, frn are hard to quit.

I went to Popular Liberty looking for silver education and I got GOLD. Thank YOU Question more. https://youtu.be/3eA4OHW8v2k https://youtu.be/mgm8qYEFKwc

just-here-being-me's picture
just-here-being-me
01/23/2016 - 04:13

Mises' "Theory of Money and Credit" is what helped me.  Money is a medium of exchange,  a promissory note.  It solves the problems with barter,  which I love.  Gold and silver are not money in the paper sense.  They are stores of value.  Our money today is based on faith.  As a thought experiment don't think of prices going up,  think about it as your dollar not buying as much.  Ron Paul talked about inflation as a hidden tax.  Debasing the currency is the cause for inflation.  In a nutshell,  buy gold and silver.  I bought silver when it was $35 an oz.  I still buy it and have no regard for the price.  It's a hedge against inflation.  As far as stocks go I'm thinking about buying into oil.  But as a skeptic I'm cautious.

"I smoke out of spite" - Bill Hicks

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