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Topics - mike623317

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General Discussion / PCR article
« on: March 08, 2016, 03:35:19 pm »

Paul Craig Roberts was the Assistant Secretary of the Treasury for Economic Policy under Reagan

Central banks, neoliberal economists, and the presstitute financial media advocate negative interest rates in order to force people to spend instead of save. The notion is that the economy’s poor economic performance is not due to the failure of economic policy but to people hoarding their money. The Federal Reserve and its coterie of economists and presstitutes maintain the fiction of too much savings despite the publication of the Federal Reserve’s own report that 52% of Americans cannot raise $400 without selling personal possessions or borrowing the money.

Negative interest rates, which have been introduced in some countries such as Switzerland and threatened in other countries, have caused people to avoid the tax on bank deposits by withdrawing their savings from banks in large denomination bills. In Switzerland, for example, demand for the 1,000 franc bill (about $1,000) has increased sharply. These large denomination bills now account for 60% of the Swiss currency in circulation.

The response of depositors to negative interest rates has resulted in neoliberal economists, such as Larry Summers, calling for the elimination of large denomination bank notes in order to make it difficult for people to keep their cash balances outside of banks.

Other neoliberal economists, such as Kenneth Rogoff want to eliminate cash altogether and have only electronic money. Electronic money cannot be removed from bank deposits except by spending it. With electronic money as the only money, financial institutions can use negative interest rates in order to steal the savings of their depositors.

People would attempt to resort to gold, silver, and forms of private money, but other methods of payment and saving would be banned, and government would conduct sting operations in order to suppress evasions of electronic money with stiff penalties.

What this picture shows is that government, economists, and presstitutes are allied against citizens achieving any financial independence from personal saving. Policymakers have a crackpot economic policy and those with control over your life value their scheme more than they value your welfare.

This is the fate of people in the so-called democracies.

>> I cant help but feel we need to push the message that BitShares is an alternative way to save in Gold and Silver. Not Just trading, but SAVING in a BitShares Bank. Thoughts??

Technical Support / Plasma
« on: February 28, 2016, 04:40:00 am »

Just wondering if BM is still working on this and how that fits in to the timeline. Are we still moving in this direction?

Technical Support / New Wallet & how to import balance
« on: February 05, 2016, 05:46:47 am »
question :

Heres the problem. I suspect my account may have been compromised on this computer which had my backups and brain key dump onit. Out of caution, i have created a new wallet and am trying to import the balance to this new account and new wallet. How specifically do you go about importing the balance? When i click on look up balances its zero.


General Discussion / Consortium Wallet Idea
« on: February 03, 2016, 11:59:15 pm »
In the forum thread 'Fantasy or Inevitability' Bitshares was mentioned in an article "... the BitShares team habitually over-promises and under-delivers". Whilst i think thats a little harsh it brings up a similar point that Adam B. Levine said in the interview he did with BM where he said "Bitshares has the best technology out there but it suffers from basic usability issues".

A new user recently posted here "It's really confusing. As an outsider looking in I have no idea what's going on. Yes, the technology is cutting edge, but I have no idea what benefits it has to me. The message is being lost."


I see a commonality here and I think there is an opportunity to design a better wallet to attract new users and compete with the existing. A focus on usability is a huge profit opportunity. I do not have the skills to do this myself and so i thought i would ask if there are people out there interested in getting together to fund the design of a new wallet and split the potential rewards according to their stake?

Just an idea.

General Discussion / Hedge Fund Expects Massive 50% Yuan Devaluation
« on: January 20, 2016, 05:21:42 pm »
If there is a big devaluation we need to be there with an EASY to use way for people to flee in to bitGold and bitSilver. All bickering aside, first impressions and ease of use I think are key.

I bet this will be big for Bitcoin and it should be for us too.

Hedge Fund Which Predicted The Subprime Crisis Expects Massive 50% Yuan Devaluation In 2016


Visa Europe has announced it is working on a proof-of-concept for a blockchain-based remittance service.

Created through Visa Europe Collab, the trade organization’s innovation initiative, the proof-of-concept is being built in collaboration with Epiphyte, an enterprise blockchain services firm that recently graduated from San Mateo incubator Boost VC.

Though details on the proof-of-concept were limited, the companies said they are working in a "controlled test environment" that is seeking to simulate real-world remittance transactions.

A press release by Visa Europe Collab indicated the company initiated the project as it believes blockchain technology could have valuable applications in the payment services industry, solving traditional industry pain points as it matures.

Visa Europe Collab innovation partner Jon Downing said in a statement:

    "There is a real opportunity to develop an improved remittance service for both the sender and receiver of payments in terms of fees, speed and ease of use."

The news comes amid continued assertions by executives in the traditional remittance industry, such as MoneyGram and Western Union, that digital currencies and blockchain-based systems will not be able to solve problems in the sector.

A membership association that oversees Visa-branded products in European market, Visa Europe was recently purchased by Visa for as much as $23.4bn in cash and stock. Previously, Visa Europe had operated as a separate publicly traded entity.

The proof-of-concept announcement showcases the common ground at the now-united entities, as it follows Visa’s debut of a blockchain-based car leasing concept at the Money20/20 trade show in Las Vegas and its participation in Chain’s $30m Series A funding round, finalized this September.

The Visa Europe proof-of-concept is expected to be completed within two months, according to the company.

General Discussion / Jamie Diamond on Blockchain tech
« on: November 05, 2015, 04:29:02 pm »

The JPMorgan CEO explains why he thinks the government will crack down on bitcoin and other virtual currencies before they get big.

Jamie Dimon isn’t on board with bitcoin.

Speaking on Wednesday at the Fortune Global Forum, the CEO of JPMorgan Chase JPM 0.47% said that the market for the virtual currency isn’t large and it would be stopped by the government before it ever got to that point. Dimon said despite the fact that bitcoin was getting some lip service in Washington, as politicians try to say they support Silicon Valley innovation, he thinks eventually there will be a crackdown.

“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped,” said Dimon. “No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

Just the same, Dimon said JPMorgan had established a study group to examine the blockchain technology used to record bitcoin transactions.

“Block chain is like any other technology,” said Dimon. “If it is cheaper, effective, works, and secure, then we are going to use it.”

Right now, the verdict on blockchain tech is mixed, Dimon said. He added that the loan market could be a good candidate for blockchain because there is a lot of paperwork involved in that line of business and that transactions can take 20 days to close. But he said in other areas of financial markets, like trading stocks, the block chain probably wouldn’t offer significant improvement.

That said, Dimon made it clear that bitcoin, or any other virtual currency, would never be a major competitor to the U.S. dollar. “The technology will be used, and it could be used to transport currency, but it will be dollars, not bitcoins.”

General Discussion / Buying Stocks on Bitshares
« on: November 04, 2015, 03:09:45 pm »

OK, so I'm going off at a bit of a tangent here compared to the flow of conversation on here. However, is it in the works to be able to buy stocks from around the world on Bitshares? I was thinking that essentially it would be no different that the price of gold, just s contract for difference between two parties at a particular point in time.

Just wondering if that was in the vision because I'm a global exchange would sure be something to behold.

General Discussion / shapeshift-skeleton-tool
« on: October 20, 2015, 03:05:38 am »

Shapeshift just released a new tool. has recently launched something they call the Shapeshift Skeleton tool, which enables any website to execute the sale of digital assets and cryptocurrencies without their users leaving the site. The Skeleton tool API is free and open-source., a market data website has already integrated with the API and lets users buy coins directly from their market data site.

General Discussion / Remitabit
« on: October 19, 2015, 12:48:53 pm »
Remitabit anyone?

The government is reportedly mulling the setting up of a mechanism to reduce the remittances by foreign workers in Malaysia to their home countries in a bid to stem the outflow of the ringgit.

Sinchew Daily in a report today quoted sources as saying that under this scheme, foreign workers would be required to pay a part of their monthly salaries into a fund to be set up by the government.

Alternatively, their salaries would be deducted directly as a remittance to the fund, in a manner similar to the Employees’ Provident Fund (EPF) contributions.

“The government is aware that a large portion of the wages of foreign workers wage are sent back to their home countries, causing severe currency outflows that may affect Malaysia’s economy, hence the scheme was devised.

“The government is still determining the sum or percentage of salary that foreign workers need to pay, and when (including special circumstances) the workers can make withdrawals from the fund,” the source is quoted as saying.

The Chinese-language daily claimed that the National Economic Council has already discussed the scheme, and the cabinet has agreed to the scheme in principle.

Details still being studied

The rest is up to the Ministry of Home Affairs to determine the details of the scheme and how to implement it.

The daily also quoted Deputy Home Minister Nur Jazlan Mohamed (photo) as saying that he is unable to reveal the details of the scheme, as the framework and details are still being studied.

However, Jur Jazlan said, the ministry may make an announcement on it soon.

The daily also quoted then Deputy Finance Minister Ahmad Maslan as saying that between January and September last year, foreign workers remitted about RM23.07 billion out of Malaysia through some 113 million transactions.

It said a government study has found that foreign workers remit about 80 percent of their salaries back to their home country for their family’s expenses.

Technical Support / Can you change the brain key?
« on: October 19, 2015, 05:33:18 am »
Just wondering if it is possible to change the brain key phrase?


Beyond Bitcoin [closed] / Fridays Mumble
« on: September 20, 2015, 03:37:45 am »
Hi- Does anyone have the raw mumble from yesterday?

Technical Support / Release
« on: August 16, 2015, 02:35:44 pm »
I was just going back over the mumble from Friday and am considering BM's comments that tweaks to the user interface would be added after the official go live.

Dan mentions that the interface would be functional but not as polished as we would all like.

My 2 cents : I think a lot is riding on this release and first impressions count, especially after 1.0.
If we could polish 2.0 enough in 1 month of full time work, my opinion is to delay the launch and release something that doesn't need tweaking. I would rather get it right first time so we set the expectation that bitshares is crypto that just works.

Interested to hear others thoughts.

Beyond Bitcoin [closed] / Friday's hangout?
« on: August 09, 2015, 04:19:12 am »

Just wondering if anyone can upload fridays hangout in the raw format.
Just trying to catch up.


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