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RE: Bitcoin is too volatile for me: Stability is coming.
Can they make their own coins and blockchains though and then convince a massive number of people to buy-in or in time, make it a compulsory shift? Can the massive hedge funds and pension funds put their money into the banking coins?
And they could influence them to fork a few times effectively multi folding the amount in circulation:)
if someone offered you triple for all of your coins now? Would you take it?
if the market cap is 170 now, the banks need 510 to buy the market. They only really need a lot and never put it for sale again while at the same time creating their systems for their customers to invest in. Once that is done, there will be some very rich people with a lot of cash. What will they do with it?
I don't know if that works but the US bailed out the banks to a tune 3 times that in 2008.
Yes, i would sell it for double actually. As i had quite bit of luck day trading, just my budget is ridiculously small.
This comes back to a point, where i some time in the past i have said said that the whole blockchain project is run by some government. I do not know which one:) Figure.
Just so many people are hyping that banks and government is scared of BC. Let's not be funny, you have just mentioned two numbers here. Blockchain market cap and worldwide economy, which is more of 150 trillion but different sources give different estimations. That 100-150 trillion is just half of the amount because of grey market and because nobody knows how much money has been actually printed.
So. Once scenario. Lets admit governments and banks are scared of blockchain impact :) With a snap of a finger, they buy up all market cap. All if it. That miserable 170 billion. With the money they have just created if needed and hold it. What would the rest trade? It will take time to mine new blocks, to create new currency but there will be none in circulation. It's just an assumption, does not mean i am right:) But you can prove me wrong of course.
I am with you on that. ^
I have often wondered if it is just a way to identify and categorize potential dissidents globally. I like a good conspiracy but I don't think it is too far fetched to imagine.
Good questions. I investigated moving my AUD $50,000 Superannuation into bitcoin when it was at $50.
There wasn't an 'acceptable' vehicle, so despite being 'mine', I missed out on a couple of million dollars.
It's up to about $54,000 now.
Hope they're not expecting me to fall over myself with grovelling praise for their 'guidance'.
Yep. They will catch on fast in my opinion.
Yes, they can. I suspect they will destroy the point of having a blockchain by having only trusted nodes on their blockchain, but they will be able to use the buzzword "blockchain." If they don't have trusted nodes, I suspect their coins would get hacked by a 51% attack.
No. they would never! the banks and governments have more honor and integrity than to hijack ideas and manipulate them for their own gain. you must be crazy... ;)
No, they can't make such things even blockchains since they depend upon Government policies and funds. Bitcoin prices are not stable, so I can't say for your second question.
It cannot work for obvious reasons: The effort and amount of resources required to Force or Dupe everyone with another scheme will not reap the ROI because they have been called on their Acts and their business are operating under bankruptcy protection while they are liquidated. Granted there's plenty a Fools out there, you cannot be deceived when you find out you are being deceived. What's happening is that these banks have largely participated in fraud. They are in liquidation as we speak, they are searching havens on this earth that will look past this insurmountable crime. What we are seeing is the products of meticulous indoctrination for generations and intent to defraud for centuries, and what is critical is that we have learned our lessons, we have begun waking up, people can't go back to sleep anymore. I have seen the light, we have seen the possibilities, we have recognized who and what we are and have had a taste of our potential, we have been patiently conned and we have graduated from the school with HIGHEST accolades, we have taken the lessons and we are creating our harmonies of interacting and the ominous and overarching bANK is/are but paper tigers and in terms of Production, besides things only labor falls in there, and not Tokens of Value or Bets and Gambles with them. At the end of the day we cannot eat bitcoin or gold, when we awake as a whole we better have the vision to move away from this arbitrary and insensitive representation of value and cut out all middle men, we have to do it in such a way that we don't leave anyone hold the bag and we are more than capable to do this despite all the FUD and concentrated criminality.