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The madness of the bailout in Cyprus

maximise.dk

251–252 of 252 posts

Re: The madness of the bailout in Cyprus

#251

Earlier quoted context omitted.

There ain't no right solution. That's the biggest problem of them all. Earlier, in biblical period, god would flush the toilet and things would start from scratch. Now, we can't afford to flush.

I'm not really sure how useful this kind of thinking is, but I understand what you mean.

It's like being trapped under water. We know that the oxygen will run out at some point. And there is nothing that we can do about it.

Also, there is nothing useful about realizing it.

We simply have to accept it.

Re: The madness of the bailout in Cyprus

#252

Why is anyone talking about bitcoins? You can put your money into bitcoins but you can't actually take any reasonable amount of money "out". It is a simple Ponzi scheme created by anonymous hackers to take people's money. Look at the largest "exchange". How much do they let you convert into actual money? The main one limits you to $1K per day or $10K per month. But you know what? They don't have to convert anything f…

That is incorrect. It does not require an exchange for me to move money in and out of Bitcoins. All I have to do is find another human who is willing to trade Bitcoins for another currency, and vice-versa. For example, I could do this on eBay or a forum.

The large "exchanges" merely make this process more expedient. At the core of this concept is that people are willing to trade one good for another good, and in this case, it's Bitcoins for another currency.

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