Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

Discussion in 'Science and Technology' started by Gorilla, Mar 5, 2014.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    Bitcoin could cost us our clean-energy future
    The digital currency is slowing our effort to achieve a rapid transition away from fossil fuels

    [​IMG]
    Grist
    A nonprofit news org for people who want a planet that doesn’t burn and a future that doesn’t suck

    By Eric Holthaus

    If you’re like me, you’ve probably been ignoring the bitcoin phenomenon for years — because it seemed too complex, far-fetched, or maybe even too libertarian. But if you have any…






     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    If we lived in a Bitcoin future, how big would the blockchain have to be?
    Hint: It’s NOT pretty…


    [​IMG]
    Subhan Nadeem
    Software Engineer | Computer Science & Business Student @ University of Waterloo & Wilfrid Laurier University | subhan-nadeem.com/linkedin
    Dec 5

    ... Today, non-cash payments account for approximately 522 billion transactions per year worldwide, and that number seems to be increasing in quadratic fashion, meaning it’ll be a lot bigger by the time we get to Bitcoin Valhalla. There’s no predicting when exactly we’ll get there, so let’s imagine that Bitcoin has taken over as the dominant currency today ...

    https://hackernoon.com/if-we-lived-...-would-the-blockchain-have-to-be-bd07b282416f

    If we lived in a Bitcoin future, how big would the blockchain have to be?

    Hint: It’s NOT pretty…
    hackernoon.com

    [​IMG]
    Where we stand in terms of non-payment transactions across the world , source: worldpaymentsreport.com




     
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    NOBODY AT THE WHITE HOUSE SEEMS TO UNDERSTAND BITCOIN
    Despite its exploding valuation, the Trump administration appears utterly lost when it comes to talking about cryptocurrency

    upload_2017-12-11_9-30-58.png
    BY

    MAYA KOSOFF

    ... Asked if bitcoin might become a regulated commodity, he noted that the Commodity Futures Trading Commission had approved bitcoin futures contracts, so that investors can bet against bitcoin. “It’s an evolving market,” he added. “We’ve watched this happen before as markets have evolved” ...


    https://www.vanityfair.com/news/201...pJobID=1301003610&spReportId=MTMwMTAwMzYxMAS2

    Nobody at the White House Seems to Understand Bitcoin

    Despite its exploding valuation, the Trump administration appears utterly lost when it comes to talking about cryptocurrency.
    vanityfair.com


     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    :rofl: @ Tulip Mania.

    Are we in a cryptocurrency bubble? A comparison with the 2000 dotcom bubble
    [​IMG]
    Jose Maria Macedo
    Former pro poker player who turned $30 to $1.6M by age 18. Cofounder of KitchPack (now acquired) and Kaizen Academy. Martial artist and blockchain enthusiast.
    Nov 29

    have all declared that cryptocurrencies are a bubble.

    https://medium.freecodecamp.org/are...ison-with-the-2000-dotcom-bubble-a463d8dd8d8b

    Are we in a cryptocurrency bubble? A comparison with the 2000 dotcom bubble

    Legendary investors and Nobel Prize winning economists such as Warren Buffett, Ray Dalio, Jamie Dimon, Robert Shiller and Joseph Stiglitz…
    medium.freecodecamp.org

    [​IMG]
    “A Satire of Tulip Mania” by Jan Brueghel the Younger (1640)


     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...
    Okay ... 1,000 people own 40 of the market.


    KILLER WHALES COULD BE CONTROLLING THE BITCOIN MARKET
    The volatile cryptocurrency’s price continues to rise amid concerns over its vulnerabilities

    upload_2017-12-12_11-47-12.png
    BY

    MAYA KOSOFF

    ... What’s more, while the majority of bitcoin shares are owned by small-timers along for the ride, about 40 percent are owned by just 1,000 people, which worries investors. If these so-called “whales,” many of whom have been in bitcoin since its early days, legally coordinate to sell even just a portion of their bitcoin at once, its market price could plummet; as University of Houston professor Craig Pirrong put it in a recent blog post, “relatively small volumes of purchases or sales could move the price around substantially” ...


    https://www.vanityfair.com/news/201...pJobID=1301108045&spReportId=MTMwMTEwODA0NQS2

    Killer Whales Could Be Controlling the Bitcoin Market

    The volatile cryptocurrency’s price continues to rise amid concerns over its vulnerabilities.
    vanityfair.com


     
  9. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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  10. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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