A government digital currency is inevitable and the invention of Bitcoin probably expedited this.....from a government standpoint its perfect....tracing and taxing every penny sent, controlling the supply, freezing user accounts, .....its a government god send. for bitcoin....The question arises.......

dualstow wrote: ↑Fri Jun 21, 2019 8:47 am Didn’t Harry brush aside worries of gold price manipulation?
I haven’t listened to the Money Talk archives in a few years, but I think so.

yes he did. from what I recall...something along the lines of too large of a market / too many people to influence to hold the manipulation.

When any crypto begins to wrack up serious transaction value, governments will be involved. Anyone who does not believe this I think is delusional. This I agree with....the question becomes WILL they do anything about it? - If yes, ....CAN they do anything about it? - - Government CANNOT control Bi...

Libra is pegged to US dollar. (AKA not a gold replacement) Facebook will be the bank. Government will regulate / have oversight over facebook as they are subject to money transmission rules and somewhat accountable for their users actions. (KYC Regulations) They are a better PayPal now. (maybe) &quo...

He's not "normal" in many ways which gives him a HUGE edge as an investor....1. has a photographic memory, 2. reads like 80% of his waking hours (like earnings reports..yuck). I simply cannot compete with this....nor would want too His overall playbook is rather simple though.....I use for...

> if the US outlaws BTC The US gov is big business. Do Gates, Buffet, and Bezos want Bitcoin as the currency? From my understanding......Gates originally liked the idea of BTC, then later shunned it......not sure of his stance now. Seems like recall reading something recently that Microsoft is buil...

5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...

5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...

1. I'm saying inflation does not of itself discourage savers unless a positive real rate of return is not achievable. No doubt negative real rates do happen from time to time and that does tend to discourage saving (or so we thought...but now we have negative yielding sovereign bonds.) 2. "Res...

It might be simpler to forget gold/bitcoin, and first wonder what would happen if the Fed disabled their (digital) printing press Good idea... thought experiment!.....Rules 1. so gold / bitcoin never existed before as currency nor will they. 2. US government made mandatory tax payments be collected...

1. Wrong. That's why we have "real" interest rates. Without real interest rates no one in their right mind would save anything. And this does not change in a fixed monetary system. 2. Why did you duck answering the hardest question I put to you? Read up on on the 1930s and provide the ans...

Tn, How is it stolen and to whom do the benefits and costs go from inflation? ANSWER: Inflation steals from savers .....it discourages saving as the dollar becomes worth less over time....therefore encouraging spending, investing & debt....therefore "benefiting" the economy and punish...

If you think coming up with an alternative form of money will bring liberty you are seriously deluded and need to read more history...power will come to it and take it over. Those guys are normally the ones with the biggest rocks, spears, guns etc. Is gold not an alternative form of money to the US...

All forms of money have value solely because people believe it does, including gold. One of the best, most innovative podcasts I've very listened to is Freakonomics "Why Gold?" Highly recommended. no doubt....value only lives in our (people's) collective mind. Competing currencies to the ...

Can you elaborate more on the comment about gold ETFs having insufficient reserves? I've been wondering for quite a while about the wisdom of trusting them, but they claim to be fully backed up by physical gold. Perhaps rehypothecation?.....I heard on podcast a while back where this issue was more ...

As long as Central banks print money to cover bad debt and buy gold reserves ....gold will still have its place imo. I've always found that interesting about non-gold believers…how they gloss over the fact that banks print funny money (for the people) and buy gold for their reserves!? If central ban...

I've always found it a little weird that Bitcoin could both serve as cash and as a wildly speculative investment. I just figured that it was going to have to stabilize before it could mature into a legit cash vehicle. Sad to have missed the initial joyride though! Yes I agree. Exactly! Bitcoin pric...

One example: a Beijing student was protesting sexual harassment and Censors banned the shorthand characters used for PKU, but some internet users were able to share the letter by covert methods, including archiving the story with unalterable blockchain technology and spreading the word with flipped...

It has nothing in common with either gold or cash other than that some people believe it has value, which can be said of virtually anything else as well. YES!.....exactly!....nothing has value as a universal law....(the universes doesn't give a **** about any of this or your personal rights to life...

I won’t be buying it myself, but I am still very interested in blockchain. I am curious to see how bitcoin and other crypto currencies fare in the coming decade. As for small debts, my friends and I use Apple Pay Cash. Love it. What about blockchain intrigues you?....(other than the function it pal...

VP puzzle, you mean. yes....I certainly don't recommend it stand along side Bonds, Gold, Stocks and Cash equally. I encourage learning about it, buy enough that you can afford to lose....use it where accepted, send / receive to friends to settle small debts / credits. (Peer to Peer)…..and hopefully...

For anyone interested in learning about bitcoin Andreas Antonopoulos is great source. This is just one video of speech he gave that I plucked from a google search. https://m.youtube.com/watch?v=ONvg9SbauMg&feature=youtu.be If you never challenged your opinion of bitcoin I ask that you at least ...

For anyone interested in learning about bitcoin Andreas Antonopoulos is great source. This is just one video of speech he gave that I plucked from a google search. https://m.youtube.com/watch?v=ONvg9SbauMg&feature=youtu.be If you never challenged your opinion of bitcoin I ask that you at least g...

I'm sure Bitcoin will come roaring back soon! Just like Beanie Babies! ;) I’m not sure about soon.....my speculation (let’s see how this ages for the sake of fun)....~September 2019 will start a real slow boring new bull run....(bitcoin is dead in the news stories continue).....then mid 2020 will s...

I like the idea of what it was originally intended for, just a frictionless medium of exchange. As an investment or store of value...most vendors and individuals simply don't accept it. It's like it was made primarily for ransomware. I was not soley intended as a frictionless MOE.....it was designe...