Speaking of money...

LockH

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Ummm.. Started out in Victoria BC Canada, then sta
https://endless-sphere.com/forums/viewtopic.php?f=3&t=57933&p=1376958#p1376958

Currently, ESB "Search found 25 matches: cryptocurrency"... "Search found 19 matches: blockchain"...
... and "Search found 30 matches: exchangers" (but all re HEAT exchangers...)

Stuff like Bitcoins:
https://endless-sphere.com/forums/viewtopic.php?f=1&t=30034

Anyway... ad seen in a recent/local newspaper:
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8)
 
So there's 17 million of them out there and it's supposed to stop at 21 million. (What is to stop them from growing?) So they're $120 billion going on $150 billion. Pikers. Special Drawing Rights are over $200 billion and the plan supposedly is to create the financial shock wave to allow them to bring that up around $1 trillion. Bitcoin at $1 trillion? There's a night of standup comedy for ya. Special Drawing Rights is bigger than all other cryptocurrencies combined.

I know we're supposed to THINK there's nothing scary about it with China holding the bag on most of it. (India has I think over $2 billion but China has cornered the market. But when China figures out they've been duped they won't have to have the power to retaliate. The disaster in the second biggest economy is going to be a tsunami.

wiki-rt-624x352.jpg
 
Max Gulker is a senior research fellow at the American Institute for Economic Research. Gulker holds a doctorate in economics from Stanford University and a bachelor’s degree in economics from the University of Michigan.

Does the world need crypto products?:
http://printarchive.epochtimes.com/a1/en/ca/yto/2018/03/08/A09 OPINION.pdf

Starts: Liberty Street Economics, the blog of the Federal Reserve Bank of New York, recently did a Q&A session with New York Fed economists Michael Lee and Antoine Martin about cryptocurrencies. It’s a largely neutral and factual interview, but the economists do make one provocative comment:
“Cryptocurrencies arguably solve the problem of making payments in a trustless environment, but it is not obvious that this is a problem that needs solving, at least in the United States and other
advanced economies.” In other words, why go through the trouble of network bottlenecks and proof-of-work schemes when people already trust their government institutions and banking systems?
 
LockH said:
. . . . why go through the trouble of network bottlenecks and proof-of-work schemes when people already trust their government institutions and banking systems?

COOOOGH, cough cough.
Hack. Cough cough.
Chortle. Cough.
 
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