Blockchain

[allodial]

Bitcoin is starting to come into its own as a digital currency, but the blockchain technology behind it could prove to be much more significant.

Author Melanie Swan, Founder of the Institute for Blockchain Studies, explains that the blockchain is essentially votes, software, health data, and ideas.[Amazon link $12.49 kindle/$13.99 paperback]

Hmmm...I wonder if those "smart contracts" might be "exchange contracts"? This might be related to bitcoin somehow afaik.

[Chex]

Gold is respected throughout the world for its timeless value. As a standard of beauty, a universal form of treasure, a hedge against inflation, and a safe haven in times of instability, gold has been synonymous with wealth for five thousand years.

What is an aurum?

[JohnnyCash]

The banking cabal still has gold, silver and bitcoin on lock down but 2015 will see this lockdown challenged like never before.

[allodial]

Blockchain is reminiscent of 'ball and chain'.

[shikamaru]

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Gold is respected throughout the world for its timeless value. As a standard of beauty, a universal form of treasure, a hedge against inflation, and a safe haven in times of instability, gold has been synonymous with wealth for five thousand years.

What is an aurum?

The usage of gold and silver as money began with the priest class eons ago.
The usage of gold and silver as money has many problems in an of itself..

I realize this is a radical departure from my past position, but new information has altered my view.

[shikamaru]

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Hmmm...I wonder if those "smart contracts" might be "exchange contracts"? This might be related to bitcoin somehow afaik.

I will definitely need to look into bitcoin and programming more.

Stirring as always, allodial.

[JohnnyCash]

Former U.S. Mint director Edmund Moy has a seat on the board of advisors for Coin.co, a company that helps large corporations and organizations accept Bitcoin.

http://www.coinworld.com/news/bitcoin-ed-moy-us-mint-virtual-currency-coin-world-numismatics.html

[allodial]

The usage of gold and silver as money began with the priest class eons ago.
The usage of gold and silver as money has many problems in an of itself..

I realize this is a radical departure from my past position, but new information has altered my view.

That's very interesting. Reminds me of gold-pressed latinum.

Former U.S. Mint director Edmund Moy has a seat on the board of advisors for Coin.co, a company that helps large corporations and organizations accept Bitcoin.
http://www.coinworld.com/news/bitcoi...mismatics.html

The interesting thing about Bitcoin is that, it doesn't appear to be much different than the social credit system behind the SSA. The pretense of Bitcoin is that its 'something new' when its not.

***

I wonder if the word blockchain is related to the word teamster or blocked assets or with the block and tackle chain hoist that is used to slaughter cattle?

When I first heard the word 'blockchain' it reminded me of the chain gangs America would employ of their prison capital. -Commentor at bitcoinmagazine.com

blockchain = obstruct + bondage? Blocked assets would be assets that the owner or beneficiary is obstructed/prevent from having direct access or title to. Chain? Hmm they are all chained together ..like a chain gain? Hmm.

[JohnnyCash]

I just discovered a 20% Amazon discount is available when paying with bitcoin at purse.io
Thank You! I would like to give you a big hug. I realize this is a radical departure from my past position, but new information has altered my view.

[shikamaru]

I just discovered a 20% Amazon discount is available when paying with bitcoin at purse.io
Thank You! I would like to give you a big hug. I realize this is a radical departure from my past position, but new information has altered my view.

Allow me to explain.

The book, "The Lost Science of Money" by Stephen Zarlenga is a highly recommended read from myself. (Big thanks to allodial for this one).

The book goes into great historical detail about money and the resultants of its alterations and usages throughout time.

The gold and silver money system came from the east. It was a development out of religion from the priest class as a form of social control.

Two inherent problems of the gold and silver money system is the usury error and outflow of gold and silver coin from a domestic system to systems exterior to itself.

The usury error is a bastardization of increase. Increase occurs naturally with living things (animals, plants, and slaves). Gold and silver do not reproduce themselves yet debt will have interest attached thereto.

Outflow of coin from a realm is a problem when there is less currency circulating in a system with no replenishment. Outflow tends to be exacerbated by either war or profligate spending.

Furthermore, who controls the money supply tends to result in concentration of wealth with the resultant as the eventual breakdown of and chaos within that society.

[JohnnyCash]

Using bitcoin at purse.io I saved 8% off my first Amazon order and 15% off the second. As you know, Amazon sells just about everything. THANK YOU.

BTW, bitcoin is controlled by the open source program, miners, & mathematics. Not central bankers. The bitcoin protocol has never been hacked or compromised. There will never be more than 21 million bitcoins. Somehow ... your disinfo makes it all much more valuable.

[David Merrill]

My impression is that whenever there is reasonable ignorance, multi-level scams arise. "Revaluation" is a big example.


The Board speaks on these distributed ledger technologies.



Imagine that! The Board of Governors inundates people like such a thing is a thing, and people will accept it that something like a distributed ledger can be honorable and honest.

[marcel]

Survey shows 8% of Americans own cryptocurrency (bitcoin).

https://www.statista.com/chart/15137/how-many-consumers-own-cryptocurrency/

[David Merrill]

I believe that it was wise to avoid cryptocurrency.

Sometimes a new suitor wants to pay me for the Lesson Plan, in cryptocurrency. I request that they convert it back to notes from the US Treasury. They say sure will...

Then - nothing.

I gather that primarily cyrptocurrency is a multi-level management scam. The money you get to spend is money that you get from others by promoting cryptocurrency. Your main investment though is very difficult to cash out. I think it already went into your upline.

It is an impression deduced from three or four similar experiences, I know. But I am very glad to lose the business because the people involved and invested into cryptocurrency protect something I do not trust in. So that seems to always lead to squabbling. I stop the squabbling by refusing to accept cryptocurrency.


P.S. I know of a suitor who was praising and spouting cryptocurrency and according to his lawful money returns I guess he was at least $100K vested in them. Then he was in financial troubles that as I observe would be solved by cashing out his cryptocurrency accounts.

- Like he has lost all that money.

What I find disturbing is how he would likely defend cryptocurrency even after taking that bruising.

[marcel]

Guess he didn't know you cracked the bitcoin algorithm back in 2028.