Author: gork

Bitcoin will Revolutionise FX/International Xfer Market   [Copy link] 中文

Rank: 4

Post time 2013-12-8 03:00:42 |Display all floors
The biggest supporter of this Bitcoin scam comes from the US banks.
There's no surprise there is there?

Also on Thursday, Bank of America released some research about the Bitcoin saying that it may become a “major means” of payment around the world. They placed a maximum market value of the Bitcoin at $15 billion. Bitcoins can currently be exchanged for cash in the U.S. Bank of America said in their report that the Bitcoin can help “users avoid high taxes, capital controls and government seizures,” according to USA Today.

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Rank: 4

Post time 2013-12-8 03:02:07 |Display all floors
The Bank of China should go one step further. Make the trading and ownership of Bitcoin in China a criminal offence.

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Post time 2013-12-8 03:05:41 |Display all floors
If this gangster drug currency Bitcoin is allowed to flourish, other type of western criminal money will emerge, and real money will be left on the sideline. All China's hard work in wealth creation will be flushed into the cyber sewers created by a dozen or so western cyber crooks.

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Rank: 6Rank: 6

Post time 2013-12-8 16:25:17 |Display all floors
A 50 minute wait before payment receipt confirmation is received will prohibit wider use. Fifty minutes is the time needed for enough additional blocks to be added to the chain to protect against double spending.
- Bitcoin - A Cost-Benefit Analysis

Not good.

Did this crypto-currency REALLY acquire popularity without someone actively pushing it? It's like the sudden appearance of Google which then dominated the search engine market. Is Maximum Kiester involved?
Compounding is the magic ingredient.

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Rank: 8Rank: 8

Post time 2013-12-8 16:57:07 |Display all floors
I have no understanding of bitcoin currency
Stan, you're holding a gun to God's head. I can't think of a metaphor that's better than this.

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Rank: 6Rank: 6

Post time 2013-12-8 17:50:46 |Display all floors
BitCoin is Dead

Following China's announcement that banks are banned from accepting them Baidu has dumped BitCoin and the crypto currency has crashed.

This does not bode well for its acceptance.
Compounding is the magic ingredient.

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Rank: 6Rank: 6

Post time 2013-12-10 01:19:55 |Display all floors
With all of the above flaws in BitCoin, it just HAS to be another example of gangster-supplied, amerikan krudware; probably the same bunch of gangsters that produced the Stuxnet.

Professor of quackonomics, Nick Szabo, of George Warshington University produced bit-gold prior to BitCoin "appearing" on the internet. Despite several articles asking whether he is Satoshi Nakamoto, I see no denials from him anywhere.
Compounding is the magic ingredient.

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