FabSwingers.com forum: Inflation

By *LCC OP Couple
over a year ago

Cambridge

So inflation is still going up. It's higher than average earnings, its higher than the 1% pay cap for the public sector, it's higher than the freeze on benefits for the poorest and most vulnerable in society. It is making the vast majority of the population of this country poorer by the day.

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

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By (user no longer on site)
over a year ago

Not really

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By (user no longer on site)
over a year ago

You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

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By *ercuryMan
over a year ago

Grantham

"So inflation is still going up. It's higher than average earnings, its higher than the 1% pay cap for the public sector, it's higher than the freeze on benefits for the poorest and most vulnerable in society. It is making the vast majority of the population of this country poorer by the day.

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc."

I didn't think inflation was discriminatory?

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By *LCC OP Couple
over a year ago

Cambridge

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

I didn't think inflation was discriminatory?"

No? So you can’t figure out that the impact of inflation (the price of your outgoings) is linked to how much your income is?

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By (user no longer on site)
over a year ago

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

I didn't think inflation was discriminatory?"

Fair point but who can weather long term inflation with less loss and less personal stress?

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By *LCC OP Couple
over a year ago

Cambridge

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

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By *illwill69uMan
over a year ago

moston

"I didn't think inflation was discriminatory?"

You really need to keep up...

Tory policy for many years now has been quite clear, we need to pay the richest and highest earners much more for working less hours while the poorest in society need to work longer of less to pay for the excess of the richest.

It's called trickle (now shit) down. Working class tories love to eat it up and kiss the arses feeding it to them!

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By *ercuryMan
over a year ago

Grantham

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

I didn't think inflation was discriminatory?

No? So you can’t figure out that the impact of inflation (the price of your outgoings) is linked to how much your income is?

You're the one that mentioned public sector workers, and whilst I never decry any one in work, they aren't the poorest in society

Inflation affects everyone, and to just single out one group of workers is just wrong.

Prices are going up due to higher oil prices and dearer imports, due to a 15% devaluation in the Pound.

However, inflation is rising throughout Europe, Germany and Spain being 1.8% now, up from 0.25%.

The UK inflation rate should be at least 1% lower, it will peak next month at 3.1%, then an expected interest rate rise (the first for 10 years!) should start to bring it down.

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By (user no longer on site)
over a year ago

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

"
.

Technically it's making everybody poorer, the wealthier are just offsetting their losses on capital by earning more!.

Personally I like inflation, it's making my bitcoins go through the roof price wise

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By *LCC OP Couple
over a year ago

Cambridge

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

I didn't think inflation was discriminatory?

No? So you can’t figure out that the impact of inflation (the price of your outgoings) is linked to how much your income is?

You're the one that mentioned public sector workers, and whilst I never decry any one in work, they aren't the poorest in society

Inflation affects everyone, and to just single out one group of workers is just wrong.

Prices are going up due to higher oil prices and dearer imports, due to a 15% devaluation in the Pound.

However, inflation is rising throughout Europe, Germany and Spain being 1.8% now, up from 0.25%.

The UK inflation rate should be at least 1% lower, it will peak next month at 3.1%, then an expected interest rate rise (the first for 10 years!) should start to bring it down."

I didn't say public sector workers were the poorest in society, I said that people on benefits were. Benefits aren't going up in line with inflation, they are frozen, so if inflation were to stay at 3% for a year, they are the equivalent of 3% poorer than there were 12m before.

If someone is receiving a pay rise of more than 3% then, they will be breaking even, or getting richer. People on benefits get poorer, public sector workers get poorer, average wages are increasing by 2.2%, so those people are getting poorer.

To put it plainly, inflation affects people differently depending on what is happening to their income.

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By *illwill69uMan
over a year ago

moston

Inflation affects everyone,"

BULLSHIT!

If a man has £100 a week to provide for his family and this daily loaf of bread goes up from 80p to £1 and the half pound of butter goes up from 99p to £1.40 that is serious for him and his family. However the millionaire is still a millionaire after paying the 61p a day!

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By (user no longer on site)
over a year ago

Inflation affects everyone,

BULLSHIT!

"
.

Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose

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By *ercuryMan
over a year ago

Grantham

Inflation affects everyone,

BULLSHIT!

I said "affect" not "effect" !

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By (user no longer on site)
over a year ago

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc."

do you never get bored of having daily digs, its quite laughable really

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By *illwill69uMan
over a year ago

moston

"Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose"

True, but you understand my point completely...

Even if it is hyperbole.

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By *ercuryMan
over a year ago

Grantham

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

do you never get bored of having daily digs, its quite laughable really"

The OP made the judgement call that nobody on benefits, the poorest in society and the vast majority of the country all voted remain.

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By (user no longer on site)
over a year ago

"Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose

True, but you understand my point completely...

Even if it is hyperbole.

"
.

Oh yes I understand it, it's going to be painful for working class and middle class people but as mark Blyth points out, inflation was eradicated by the creditor class for the wealth of the creditor not the debtor.

The inflationary period of the 70s which arose from the energy crises was the biggest smack in the face they've ever had

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By *ercuryMan
over a year ago

Grantham

"Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose

True, but you understand my point completely...

Even if it is hyperbole.

The inflationary period of the 70s which arose from the energy crises was the biggest smack in the face they've ever had"

Inflation of nearly 25% in 1975! Now that was a hit!

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By *avidnsa69Man
over a year ago

Essex

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

do you never get bored of having daily digs, its quite laughable really"

So inflation matters not one jot is what you're saying? I take it youre not an economist then?

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By (user no longer on site)
over a year ago

"Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose

True, but you understand my point completely...

Even if it is hyperbole.

The inflationary period of the 70s which arose from the energy crises was the biggest smack in the face they've ever had

Inflation of nearly 25% in 1975! Now that was a hit!"
.

It was even worse for international creditors, you didn't even get your principal back in reality let alone profit!.

Then you had the problem of wage inflation which came with it which in reality goes up sooner or later with inflation, the average wage in 1980 bought the same shit it did in 1970 the difference was your million pounds you had in the bank in 1970 now was in reality only worth 100,000 pounds a 90% loss.

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By (user no longer on site)
over a year ago

My biggest argument would be without unions and to an extent having open borders and EU free trade the working class will find it awful lot harder to grab their share of the profits

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By *LCC OP Couple
over a year ago

Cambridge

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

do you never get bored of having daily digs, its quite laughable really

The OP made the judgement call that nobody on benefits, the poorest in society and the vast majority of the country all voted remain."

I didn't make that judgement call at all. Some of them have brought it on themselves, all I asked was do they feel bad about it?

So far, not one Leave voter has said that they do.

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By *illwill69uMan
over a year ago

moston

"Inflation of nearly 25% in 1975! Now that was a hit!"

Don't worry brexit is bringing that back to us again, only this time the full cost will be loaded on the the bottom 99% (and that includes you!).

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By *ercuryMan
over a year ago

Grantham

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

do you never get bored of having daily digs, its quite laughable really

The OP made the judgement call that nobody on benefits, the poorest in society and the vast majority of the country all voted remain.

I didn't make that judgement call at all. Some of them have brought it on themselves, all I asked was do they feel bad about it?

So far, not one Leave voter has said that they do."

Should they feel bad about it? Do you think that they are looking for absolution?

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By *illwill69uMan
over a year ago

moston

"Should they feel bad about it? Do you think that they are looking for absolution?"

Nope, but when they wake up to the pup (or is that lemon) they were sold (without legal guarantee) I expect many of them will be looking to string the brexit sales team up from the nearest lamppost (maybe that is why Nige is moving to the USA).

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By *ophieslutTV/TS
over a year ago

Central

The leave voters are unfortunately unable to grasp the cognitive challenges that they have, whereby they are riddled with biases that see them ignoring the negative results from their actions.

They have bought in to the cynical deceptions that some leave politicians plied upon them, swallowed hook, line and sinker. But part of their fantasy is that no deal is better than an unspecified bad deal. The fantasy of incredible trading around the world, the many trade deals that will magically write themselves, a little bit of pain - they proclaim - which in practice is deep deprivation for the working, middle classes as well as the very poor. Jam tomorrow. Politics Naif

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By (user no longer on site)
over a year ago

If people want to understand information read economics in one lesson by henry hazlitt.

The poor and the people who get to spend the money last are the worst off.

Banks create the money out of thin air so they get to spend it first.

The more your wage is spent on food, rent and basic living expenses are normally the worst off.

The rich can off set the risk of inflation by buying gold, silver, antiques, rare collectables, land and houses.

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By *LCC OP Couple
over a year ago

Cambridge

I think it was 0.5% on the day of the referendum, and now it's 3%.

Do any leave voters feel even the slightest bit of guilt over making so many people poorer? Making nurses poorer, soliders poorer, teachers poorer, fire fighters poorer etc.

do you never get bored of having daily digs, its quite laughable really

The OP made the judgement call that nobody on benefits, the poorest in society and the vast majority of the country all voted remain.

I didn't make that judgement call at all. Some of them have brought it on themselves, all I asked was do they feel bad about it?

So far, not one Leave voter has said that they do.

Should they feel bad about it? Do you think that they are looking for absolution?"

People should feel bad about making millions of people poorer, yes.

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By *unandbuckCouple
over a year ago

Sheffield

Inflation affects everyone,

BULLSHIT!

You need to invest in a new abacus. That's 35% inflation, not 3%

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By (user no longer on site)
over a year ago

"If people want to understand information read economics in one lesson by henry hazlitt.

The poor and the people who get to spend the money last are the worst off.

Banks create the money out of thin air so they get to spend it first.

The more your wage is spent on food, rent and basic living expenses are normally the worst off.

The rich can off set the risk of inflation by buying gold, silver, antiques, rare collectables, land and houses.

"
.

Now they can thanks to Margret Thatcher and the EU.

There was a time when money was limited to how much you could take out of the country, alas the genius politicians thought.... International global finical whizz bang will save us all.

In reality what really happened was the creditor class (that's those with excess money) conspired to make sure the 70s never ever happend again by removing the leverage of the debtor class (that's those with no excess money) by deregulatiing the finance markets, dismantling the unions, global trade deals...

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By *illwill69uMan
over a year ago

moston

"You need to invest in a new abacus. That's 35% inflation, not 3%

No that is the reality of life...

You need to check to see exactly what is in the 'basket' that is used to calculate your 3% inflation rate and then check how technology reduces in cost over time.

Remember there are:

Lies

Dam Lies

and

Statistics!

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By *unandbuckCouple
over a year ago

Sheffield

People should feel bad about making millions of people poorer, yes."

So do you oppose any tax rises for anything? Do you oppose minimum wage increases, that also have an inflationary effect?

Quite a radical position.

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By *unandbuckCouple
over a year ago

Sheffield

"You need to invest in a new abacus. That's 35% inflation, not 3%

No that is the reality of life...

You need to check to see exactly what is in the 'basket' that is used to calculate your 3% inflation rate and then check how technology reduces in cost over time.

Remember there are:

Lies

Dam Lies

and

Statistics!"

Yes, lots of figures are skewed, but has bread gone up 35% this year?

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By *illwill69uMan
over a year ago

moston

"You need to invest in a new abacus. That's 35% inflation, not 3%

No that is the reality of life...

You need to check to see exactly what is in the 'basket' that is used to calculate your 3% inflation rate and then check how technology reduces in cost over time.

Remember there are:

Lies

Dam Lies

and

Statistics!

Yes, lots of figures are skewed, but has bread gone up 35% this year?"

My bread example was 80p to £1 that is 25%, now accepting your 35% being a typo of we are going to be strictly correct I believe that the cheapest loaf in Asda has gone from costing under 40p for a 800grm loaf to 45p for a 700grm loaf so I would say that that is in fact around a 25% rise, but then government inflation figures don't actually measure real costs because there is no standard measure for large, medium and small which is quite convenient for inflation deniers like you...

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By (user no longer on site)
over a year ago

Why would any working class person care about GDP increases anyhow?.

All that happens is any increase goes straight to the top 5%.

The only wealth gains the working class has seen is from taking on shed loads of debt!

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By (user no longer on site)
over a year ago

There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The trouble with the rich is they always thought there place was defendable, gates, Zuckerberg,buffet, Branson there actually no different than the kochs or the Rothschilds, they just got better pr gurus

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

"
.

Not really, money corrupts everybody.

Robert de niro is great at shouting abuse about trump.... Not so great about shouting abuse over his business associates like Harvey Weinstein!!.

See dear old Robert will say fuck all about anything that effects him financially, even when he's got more money than he'll ever spend, he still won't say shit.

It's human nature I'm afraid

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By (user no longer on site)
over a year ago

Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire.

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit"

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit.

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Robert de niro is great at shouting abuse about trump.... Not so great about shouting abuse over his business associates like Harvey Weinstein!!.

See dear old Robert will say fuck all about anything that effects him financially, even when he's got more money than he'll ever spend, he still won't say shit.

It's human nature I'm afraid"

Philanthropic ideology is alive and well witin the tech billionaires .

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire."
.

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

See bitcoin will break the state monopoly on currency production.... You don't like inflation? Inflation is created by the state, you don't like foreign aid, controlled by the state, you think interest rates are manipulated, controlled by the state.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit."
.

Fake news is fake news, it just happens to be your fake news!

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By *LCC OP Couple
over a year ago

Cambridge

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state.

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By *mmabluTV/TS
over a year ago

upton wirral

Inflation goes up and down allways has done.I believe that even if brexit is a success inflation to begin with could maybe get to 7-8% as it has been down to long,historically this will happen.

It is not good but it is part of the economic cycle,we need low inflation and higher interest rates.

Of course people should stop living beyond there means as they do,a lot of people cause there own problems sadly.So many wingers in this country,life is not fluffy pink clouds.

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By *mmabluTV/TS
over a year ago

upton wirral

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state."
anarchist never happy wants chaos that's you

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state."
.

Your rambling now, what's flags or bank holidays got to do with anything I wrote?

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage.

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. "
.

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it.

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. .

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point"

Well, feel free to do that then. The floor is yours.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. .

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point

Well, feel free to do that then. The floor is yours."
.

I just did!... That was my whole point of the original post I made about bias which you picked up on.

Hello mcfly is anyone in there

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. .

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point

Well, feel free to do that then. The floor is yours..

I just did!... That was my whole point of the original post I made about bias which you picked up on.

Hello mcfly is anyone in there

If you "just did" I wouldn't be offering you yet another opportunity to try and articulate yourself.

Simply whining that someone must be compromised because they're doing a job isn't going to cut it.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. "
.

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel"

If it's "any old claptrap" you'll have no problem refuting it, in detail.

(closed, thread got too big)

Reply privately

By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. .

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point

Well, feel free to do that then. The floor is yours..

I just did!... That was my whole point of the original post I made about bias which you picked up on.

Hello mcfly is anyone in there

If you "just did" I wouldn't be offering you yet another opportunity to try and articulate yourself.

Simply whining that someone must be compromised because they're doing a job isn't going to cut it."
.

I really don't want to be mean but your just not bright enough to have an intelligent debate with, I usually don't mind educating people but... Your beyond hope

(closed, thread got too big)

Reply privately

By *LCC OP Couple
over a year ago

Cambridge

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state..

Your rambling now, what's flags or bank holidays got to do with anything I wrote?

What has foreign aid got to do with inflation?

(closed, thread got too big)

Reply privately

By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

If it's "any old claptrap" you'll have no problem refuting it, in detail."
.

Hahaha your a Muppet, you told me it's a pyramid scheme, your the one that should be giving evidence as to your statements not me!!... That's how debates work, it's not just you saying "bollocks" and "magic internet money" which tells me your, not very bright

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state..

Your rambling now, what's flags or bank holidays got to do with anything I wrote?

What has foreign aid got to do with inflation? "
.

Nothing, I never said it had though, have you two/one been doing drugs tonight or something

(closed, thread got too big)

Reply privately

By (user no longer on site)
over a year ago

"Do you think Rachel maddow would say anything bad about the people who pay her 33,000 dollar a day salary??.

No course not, she's gonna keep pedaling that Russia bullshit

"People who receive a wage and say things I don't like are inherently untrustworthy cos MONEY!!!" is asinine, contrarian bullshit..

Fake news is fake news, it just happens to be your fake news!

Oh good, we've progressed to the "fake news tourettes" stage. .

No I'm just pointing out your hypocrisy that your obviously blind to from your ideological stand point

Well, feel free to do that then. The floor is yours..

I just did!... That was my whole point of the original post I made about bias which you picked up on.

Hello mcfly is anyone in there

If you "just did" I wouldn't be offering you yet another opportunity to try and articulate yourself.

Simply whining that someone must be compromised because they're doing a job isn't going to cut it..

I really don't want to be mean but your just not bright enough to have an intelligent debate with, I usually don't mind educating people but... Your beyond hope"

Oh, don't worry. I would never consider you to be capable of being mean.

But if you want to not have a conversation for whatever reason, you'd have been better just waiting for the thread to hit 175 or just slide off the front page.

A bit less obvious than your current gambit, I'd say.

(closed, thread got too big)

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By *LCC OP Couple
over a year ago

Cambridge

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state..

Your rambling now, what's flags or bank holidays got to do with anything I wrote?

What has foreign aid got to do with inflation? .

Nothing, I never said it had though, have you two/one been doing drugs tonight or something

Right, so you were just talking bollocks and ignoring the topic at hand. Just your every day trolling.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

Don't like passports? Created by the state.

Don't like flags? Created by the state.

Don't like bank holidays? Created by the state.

Don't like laws? Created by the state..

Your rambling now, what's flags or bank holidays got to do with anything I wrote?

What has foreign aid got to do with inflation? .

Nothing, I never said it had though, have you two/one been doing drugs tonight or something

Right, so you were just talking bollocks and ignoring the topic at hand. Just your every day trolling."
.

Hang on, you've reposted on my post?.

Who trolling who here FFS.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

You two do realise that your reposting my post don't you?.

I've not actually picked up on any of your posts!

(closed, thread got too big)

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By (user no longer on site)
over a year ago

It's like the fucking chuckle brothers.

To you to me to you to me

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

If it's "any old claptrap" you'll have no problem refuting it, in detail..

Oh, of course.

The reason it's a pyramid scheme (or perhaps a ponzi scheme) is quite simple.

The thing with bitcoin is that people don't buy them as a currency, they do exactly what you did. They buy them and sit on them, and hope that you can cash out when they're *really* valuable.

And with that, why would anyone use them? If you believe, like you do, they're going to keep increasing in value, then of course you wouldn't spend them, that'd be silly. You have enough real money around to buy things, so you'll use that and sit on the bitcoins.

So, we have a currency that's not a currency, as people are just hording it, waiting for the day that everyone will use it, then they'll be rich!

But if everyone's hording them, then the price can't rise, they're stuck at whatever value they were worth when people bought in - so here's where the pyramid scheme comes in, the bitcoin faithful encourage other people to sink their money into bitcoin, so they can get rich too, and that drives up the 'value' of bitcoin.

Of course these new people aren't going to use their new bitcoins, that'd be silly, so they then try and convince more people to buy into bitcoin and so on and so on.

Pyramid scheme. Or maybe closer to the south sea bubble.

Either way, not the currency of the future, and never will be.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"You two do realise that your reposting my post don't you?.

I've not actually picked up on any of your posts!"

That you haven't taken in anything you've been told isn't exactly a revelation.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

If it's "any old claptrap" you'll have no problem refuting it, in detail..

Oh, of course.

The reason it's a pyramid scheme (or perhaps a ponzi scheme) is quite simple.

The thing with bitcoin is that people don't buy them as a currency, they do exactly what you did. They buy them and sit on them, and hope that you can cash out when they're *really* valuable.

So, we have a currency that's not a currency, as people are just hording it, waiting for the day that everyone will use it, then they'll be rich!

Of course these new people aren't going to use their new bitcoins, that'd be silly, so they then try and convince more people to buy into bitcoin and so on and so on.

Pyramid scheme. Or maybe closer to the south sea bubble.

Either way, not the currency of the future, and never will be.

"
.

I'm just going to point a few things your completely wrong about.

First it's a new currency in its infancy but still perfectly spendable in tens of thousands of places.

Secondly it's not going up in value, it's just not going down in value like state issued currency.

Thirdly due to the way the blockchain works it's completely impossible to be a pyramid scheme unlike state issued currency where it is a pyramid scheme, just print print print.

Fourthly, every currency is traded on for speculative value... It's called the fucking Forex market

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"You two do realise that your reposting my post don't you?.

I've not actually picked up on any of your posts!

That you haven't taken in anything you've been told isn't exactly a revelation."
.

Oh lordy, I really don't know if your trolling or genuinely stupid

(closed, thread got too big)

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By (user no longer on site)
over a year ago

Those initials of DJ .... They sound familiar

(closed, thread got too big)

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By (user no longer on site)
over a year ago

You know why socialists don't like bitcoin?.

They can't get there greedy little paws on it to give away to their "deserving causes"

(closed, thread got too big)

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By (user no longer on site)
over a year ago

Free free free at last!!

Thank God almighty were free at last

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

If it's "any old claptrap" you'll have no problem refuting it, in detail..

Oh, of course.

The reason it's a pyramid scheme (or perhaps a ponzi scheme) is quite simple.

The thing with bitcoin is that people don't buy them as a currency, they do exactly what you did. They buy them and sit on them, and hope that you can cash out when they're *really* valuable.

So, we have a currency that's not a currency, as people are just hording it, waiting for the day that everyone will use it, then they'll be rich!

Of course these new people aren't going to use their new bitcoins, that'd be silly, so they then try and convince more people to buy into bitcoin and so on and so on.

Pyramid scheme. Or maybe closer to the south sea bubble.

Either way, not the currency of the future, and never will be.

I'm just going to point a few things your completely wrong about.

First it's a new currency in its infancy but still perfectly spendable in tens of thousands of places.

Secondly it's not going up in value, it's just not going down in value like state issued currency.

Thirdly due to the way the blockchain works it's completely impossible to be a pyramid scheme unlike state issued currency where it is a pyramid scheme, just print print print.

Fourthly, every currency is traded on for speculative value... It's called the fucking Forex market

None of those things reject the points made.

That it's a "new currency" doesn't matter, and is wrong, it's old enough now to stop having that excuse for its failures trotted out. And "tens of thousands" is a fraction of a fraction of a percent of the places real money is accepted. So, good job on pointing out how useless it is. You can't spend it even if you tried - not that you would, because it's not really a currency.

It is certainly going up in value, because the rate at which it is accruing value far outpaces the deflation of the currencies used to put its value in real terms.

The blockchain does nothing to prevent exactly what I described.

And trading on currencies is not relevant to this discussion, namely because the problem isn't the trading, its the lack of trading.

(closed, thread got too big)

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By *LCC OP Couple
over a year ago

Cambridge

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Best get rid of your magic internet money then.

Wouldn't want to be corrupted when you inevitable become a bitcoin powered millionaire..

Didn't buy them for the money,I put my money where my mouth is unlike your goodself.

If you want something to succeed you have to give it a hand in its infancy, that's all I did, just happened that it also will make me wealthy

You seem to be awfully sure that I hate things, despite me never having indicated anything of the sort.

Have you confused me with someone else, perhaps?

As for "putting money where my mouth is" what is it you'd imagine someone who knows that bitcoin is a pyramid scheme for the gullible and greedy ought to do then?

Because I would imagine not buying into internet funny money is about the height of it. .

Pyramid scheme??

You obviously have no clue what your talking about to be honest and just saying any old claptrap now.

If you want a pyramid scheme look no further than state issued currency which you use as gospel

If it's "any old claptrap" you'll have no problem refuting it, in detail..

Oh, of course.

The reason it's a pyramid scheme (or perhaps a ponzi scheme) is quite simple.

The thing with bitcoin is that people don't buy them as a currency, they do exactly what you did. They buy them and sit on them, and hope that you can cash out when they're *really* valuable.

So, we have a currency that's not a currency, as people are just hording it, waiting for the day that everyone will use it, then they'll be rich!

Of course these new people aren't going to use their new bitcoins, that'd be silly, so they then try and convince more people to buy into bitcoin and so on and so on.

Pyramid scheme. Or maybe closer to the south sea bubble.

Either way, not the currency of the future, and never will be.

I'm just going to point a few things your completely wrong about.

First it's a new currency in its infancy but still perfectly spendable in tens of thousands of places.

Secondly it's not going up in value, it's just not going down in value like state issued currency.

Thirdly due to the way the blockchain works it's completely impossible to be a pyramid scheme unlike state issued currency where it is a pyramid scheme, just print print print.

Fourthly, every currency is traded on for speculative value... It's called the fucking Forex market

So it's completely different, and totally the same as other currencies at the same time!

How many of your bitcoins have you ever spent? How many places in Anglesey take Bitcoin?

Which would you rather? A central bank in charge of money supply, or illegal hackers turning people's computers into mining bots?

(closed, thread got too big)

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By (user no longer on site)
over a year ago

If someone truly believes that bitcoins are the future, then they shouldn't be sitting on them, jerkin' it to the idea of how rich they're gonna be.

They should be spending the fucking things.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"You know why socialists don't like bitcoin?.

They can't get there greedy little paws on it to give away to their "deserving causes"

so now there only for the tory elite thats what your saying?....cant see these things catching on

(closed, thread got too big)

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By (user no longer on site)
over a year ago

Even if everyone took leave of their senses and all adopted bitcoin tomorrow, the idea that the state wouldn't be able to levy taxes on people and use that to fund those damnable deserving causes is laughably naïve.

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"There's only so much shit you can take before you vote brexit or trump or lepenn or Jeremy corbyn or hamas or the Taliban or the Communists!.

The tech billionaires are very different from the banking families and oil and coal billionaires.

Not really, money corrupts everybody.

Robert de niro is great at shouting abuse about trump.... Not so great about shouting abuse over his business associates like Harvey Weinstein!!.

See dear old Robert will say fuck all about anything that effects him financially, even when he's got more money than he'll ever spend, he still won't say shit.

It's human nature I'm afraid

Philanthropic ideology is alive and well witin the tech billionaires .

All while enslaving the masses with platforms to warp their minds into voting for things like Brexit in the first place.

Zuckerberg is no angel.

Facebook is the new opium of the people (they actively work with psychologists on making it play to our base instincts)

(closed, thread got too big)

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By *asyukMan
over a year ago

West London

How come nobody has said that inflation is almost completely due to the increase in the price of butter and that transportation costs really haven't gone up at all.

Everything is fine

(closed, thread got too big)

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By *utandbigMan
over a year ago

Bournemouth

"How come nobody has said that inflation is almost completely due to the increase in the price of butter and that transportation costs really haven't gone up at all.

Everything is fine

Probably because it’s a stupid statement do you put butter in your petrol tank what about taking some butter with you to the travel agents to book a holiday maybe we will try that

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"If someone truly believes that bitcoins are the future, then they shouldn't be sitting on them, jerkin' it to the idea of how rich they're gonna be.

They should be spending the fucking things."
.

You sound bitter

(closed, thread got too big)

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By (user no longer on site)
over a year ago

"Even if everyone took leave of their senses and all adopted bitcoin tomorrow, the idea that the state wouldn't be able to levy taxes on people and use that to fund those damnable deserving causes is laughably naïve. "
.

You can't levy taxes on currency unless its traceable, hence the black economy that existed under cash.

(closed, thread got too big)

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By *LCC OP Couple
over a year ago

Cambridge

More moronic trolling

(closed, thread got too big)

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By (user no longer on site)
over a year ago

I'm beginning to think your losing your marbles mate!.... When the fun stops, stop

(closed, thread got too big)

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By *abioMan
over a year ago

Newcastle and Gateshead

Inflation affects everyone,

BULLSHIT!

Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose"

no... inflation is calculated how have much a basket of goods and services costs and compared to that time last year...... so at least know what you talking about...

also inflation disproportionately effects those at the bottom more than those at the top, because those at the bottom have less disposable income spare to play around with.....

so the govt has a case to keep a 1% pay cap with inflation is 0.5% because its not biting into that disposable income....

a 1% pay cap when you have 3% inflation is a problem, because in essence you are taking a pay cut because that disposable income is being squeezed....

a "rich" person is always going to be able to afford that car, or that holiday..... the poorer person may not!

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By (user no longer on site)
over a year ago

I doubt it,

No one will want to pay for this almighty fuck up, least of all the leave voters LOL.

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By (user no longer on site)
over a year ago

If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now. I but just as there are young well educated computer programmers there are also people trying to find ways to make easy money buy stealing it.

When the banks crash again which is a mathematical garranteed certainty the global governments will have 3 options. This is 1 is a crypto Currency, which is 2 is SDR's and 3 is gold/silver.

The government can tax you because you have to spend a lot your crypto in the real world to buy stuff which the government can trace.

If you put assets in a trust which is in a trust in a trust.... So it makes it harder for governments to trace.

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By (user no longer on site)
over a year ago

Inflation affects everyone,

BULLSHIT!

Inflation isn't prices going up!.

It's the value of your money going down.

A millionaire will lose 3% of one million pounds ie 30,000 pounds wether they buy anything or not.

The wealthy detest inflation for that aspect far more than the poor as the poor have nothing to lose

no... inflation is calculated how have much a basket of goods and services costs and compared to that time last year...... so at least know what you talking about...

"
.

Ok humour me.... Why did the "price go up"

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By (user no longer on site)
over a year ago

"If someone truly believes that bitcoins are the future, then they shouldn't be sitting on them, jerkin' it to the idea of how rich they're gonna be.

They should be spending the fucking things..

You sound bitter

Of course, I'm simply seething with rage that I didn't get suckered into a pyramid scheme.

So, so bitter....

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now."

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either."
.

We all have our opinions, I simply stated why I bought bitcoin and why I think it will change the world for the better

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By (user no longer on site)
over a year ago

Stop repeating complete lies.

You can liquidate them very easily if you wanted to

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By (user no longer on site)
over a year ago

"Stop repeating complete lies.

You can liquidate them very easily if you wanted to

Off you go then or maybe actually use that currency of the future as a currency.

Or are you going to horde them, because you can't liquidate them, and don't want to spend them as you'd be knocked down the pyramid if you did.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either..

We all have our opinions, I simply stated why I bought bitcoin and why I think it will change the world for the better

And then I told you why you're wrong.

Such is the way of engaging in discourse.

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By (user no longer on site)
over a year ago

"Stop repeating complete lies.

You can liquidate them very easily if you wanted to

Off you go then or maybe actually use that currency of the future as a currency.

Or are you going to horde them, because you can't liquidate them, and don't want to spend them as you'd be knocked down the pyramid if you did. "
.

When diners card (the prelude to credit cards) was invented two places took them, within a year 100 , two years 500 , three years most of Manhatten.... Now the entire world takes them from China to Chile

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By (user no longer on site)
over a year ago

"Stop repeating complete lies.

You can liquidate them very easily if you wanted to

Off you go then or maybe actually use that currency of the future as a currency.

Or are you going to horde them, because you can't liquidate them, and don't want to spend them as you'd be knocked down the pyramid if you did. .

When diners card (the prelude to credit cards) was invented two places took them, within a year 100 , two years 500 , three years most of Manhattan.... Now the entire world takes them from China to Chile"

Which is a nice story, and one you've parroted before, but it doesn't actually mean anything.

"That thing started small and then became big therefore this thing will too!" is a poor point to make.

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By (user no longer on site)
over a year ago

NO currency stated off ever in the history of the entire world being excepted EVERYWHERE

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By (user no longer on site)
over a year ago

"NO currency stated off ever in the history of the entire world being excepted EVERYWHERE

Which is also an asinine observation.

There are plenty of legitimate currencies that aren't accepted everywhere. But while the lack of adoption after all this time is certainly a good marker for the failure of the bitcoin fad, it's not the actual problem.

The actual problem is that it's entirely reliant on lower levels of the pyramid buying into the myth of bitcoin to drive its value up.

Oh, and how, unlike real currencies, people horde them instead of spending them. Not much of a currency if you don't use it as one.

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By *igsteve43Man
over a year ago

derby

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

The starting salaries of all those jobs you mention are all in the low 20s and with guaranteed rises for training progress to anywhere from 30 to 35.000 a year try telling someone on minimum wage those people are poor

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By (user no longer on site)
over a year ago

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

"They're poor, and so are you"

Seems like that'd cover it.

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By *igsteve43Man
over a year ago

derby

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

"They're poor, and so are you"

Thats just it me and my partner both earn way less than any of those professions but certainly would not class ourselves as poor were due to be mortgage free in five years time we hve good holidays , florida last year, cruise this year and maybe both next year , we eat out regularly , so if we can do it why are people taking home a lot more strugglr. It is all about cutting your cloth accordingly

Seems like that'd cover it."

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By (user no longer on site)
over a year ago

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

"They're poor, and so are you"

Seems like that'd cover it."

Me wife and I, with our dual incomes....

Now, can you imagine what the difference there might be?

Hmmmm?

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either."

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Governments do not want to go back to a gold standard because most do not have enough gold.

But there options are very limited and they may not have a choice what the next global monetary standard will be.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Weirdly I would have thought that using a debit card that essentially undoes all the security, anonymity and reintroduces the very banks that bitcoin was meant to sidestep back into the equation would be a negative for the kind of people who think bitcoin is a good idea..

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By *LCC OP Couple
over a year ago

Cambridge

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

I also mentioned people on benefits. Dont you think they are poor?

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right?"
I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

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By (user no longer on site)
over a year ago

As I said you obviously have not done any research on crypto Currencies lol

Bitcoin is a protocol that is open source and worth nearly 87 billion dollars

The total crypto market can is 158 billion.

Some of the smartest computer programmers and people from finance have invested in cryptos and lots of tech companies are using it for there iota infrastructure.

Bitcoin is only one example of over 700 different coins.

And bitcoin is not anonymous and wasn't designed to be.

Telling people they are wrong when they know more than you isn't smart.

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By (user no longer on site)
over a year ago

"NO currency stated off ever in the history of the entire world being excepted EVERYWHERE

Which is also an asinine observation.

The actual problem is that it's entirely reliant on lower levels of the pyramid buying into the myth of bitcoin to drive its value up.

Oh, and how, unlike real currencies, people horde them instead of spending them. Not much of a currency if you don't use it as one."
.

Every single point you make is either a lie or you just don't have a clue?.

Hoarding? Lol, in your simple easy belief system you think every dollar yen pound and euro is out in circulation hey?.

Lack of adoption after all this time? It's been ten years since it went mainstream not a hundred.

Relying on bottom feeders, you can't just print them, it's not a fiat currency, it doesn't matter if you could persuade 200 million people to buy one, in fact it's price is relevant to how many want to own it, how many are in use, how many are mined...

An honest currency is something that is the best at resisting manipulation, it gives a level playing ground to everybody worldwide.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn."

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down. "

Which means what, exactly? What do you even imagine that has to do with anything?

Regardless, the block chain (not bitcoin) has always been a solution looking for a problem.

People have been trying, unsuccessfully, to use the block chain for something useful, I believe IBM is sinking some serious money into it, but so far it's not produced anything.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down. "

It looks to me to be in a speculative bubble.When something new comes along and promises huge returns its inevitable that bubble will burst.What the true value of bitcoin is i have no idea.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

It looks to me to be in a speculative bubble.When something new comes along and promises huge returns its inevitable that bubble will burst.What the true value of bitcoin is i have no idea."
.

Who knows the value of any currency????.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

Which means what, exactly? What do you even imagine that has to do with anything?

Regardless, the block chain (not bitcoin) has always been a solution looking for a problem.

People have been trying, unsuccessfully, to use the block chain for something useful, I believe IBM is sinking some serious money into it, but so far it's not produced anything."

You have to admit you've been fairly schooled in this little debate.

Your point on hoarding was piss poor. That's the point of money or any other asset - unless you're living hand to mouth day to day with no pension, assets, savings, property etc.

Demonjohnthistimeiswrong

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

It looks to me to be in a speculative bubble.When something new comes along and promises huge returns its inevitable that bubble will burst.What the true value of bitcoin is i have no idea..

Who knows the value of any currency????.

"
Currencies dont increase in value at the rate bitcoin has.I don't get an extra dollar to the pound every month.Its quite volatile compared to other currencies .It will burst.I hope you bail when you see the signs .

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By *igsteve43Man
over a year ago

derby

"You never stop banging on about making the wealthier poorer through socialist policies, I'd have thought you'd be quite up for this news

This is making the poor, poorer.

"They're poor, and so are you"

Seems like that'd cover it.

Me wife and I, with our dual incomes....

Now, can you imagine what the difference there might be?

Hmmmm?"

Our dual income is less than a fully trained fireman

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

Which means what, exactly? What do you even imagine that has to do with anything?

Regardless, the block chain (not bitcoin) has always been a solution looking for a problem.

People have been trying, unsuccessfully, to use the block chain for something useful, I believe IBM is sinking some serious money into it, but so far it's not produced anything.

You have to admit you've been fairly schooled in this little debate.

Your point on hoarding was piss poor. That's the point of money or any other asset - unless you're living hand to mouth day to day with no pension, assets, savings, property etc.

Demonjohnthistimeiswrong"

Why would I admit something so obviously wrong?

You don't even understand what is being said, seeing as your take away was "hey, hording bitcoin isn't bad, people do that with money, if they can".

Which, is true, but they don't ONLY horde money, they also spend it, which isn't done with bitcoin, an alleged currency.

This is a point you could only make in good faith if you didn't read anything beyond the words "money" and "hording" and just went from there.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

Which means what, exactly? What do you even imagine that has to do with anything?

Regardless, the block chain (not bitcoin) has always been a solution looking for a problem.

People have been trying, unsuccessfully, to use the block chain for something useful, I believe IBM is sinking some serious money into it, but so far it's not produced anything."

Block chain is the first solution to the double spend problem but by solving the double spend problem it leads to lots of other solutions.

Similar to Isaacs Newtons mathematics or Einsteins theory of relativity.

IBM and Samsung are using the ethereum blockchain to build their iot infrastructure upon.

The UK government and I believe the bank of England is consulting on ethereum too.

There are algorithms being used to fold proteins which is very computer intensive.

There are platforms to trade almost any financial asset using crypto Currencies.

Remittance is a big business for crypto and has taken lots of business from western union.

Wistle blowers and investigative journalists use it.

And the dark web is the main reason it took off.

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By (user no longer on site)
over a year ago

Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

If you want to understand bitcoin and why it was invented you need to understand what money is and why we use money instead of barter. (I don't believe money came from barter but it is a about good place to start learning about money).

It called the regression theory of money.

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

It looks to me to be in a speculative bubble.When something new comes along and promises huge returns its inevitable that bubble will burst.What the true value of bitcoin is i have no idea..

Who knows the value of any currency????.

Currencies dont increase in value at the rate bitcoin has.I don't get an extra dollar to the pound every month.Its quite volatile compared to other currencies .It will burst.I hope you bail when you see the signs .

"
.

Ha no I'll be fine although personally I don't think it's anywhere near a "bubble" or "popping".

What's happening is massive investors are coming in wanting some as a hedge against fiat currencies, same with gold, at the moment it's being used as stored wealth, in five years time you'll see hundreds of thousands of outlets opening up bitcoin, at that point it may take up 4-5% of the traditional market and be worth around 80,000 pounds a coin.... That's if fiat doesn't collapse in those five years

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

The fuck is it about bitcoin enthusiasts (and the other subsets of contrarians) that makes them assume that the only possible reason people aren't on their stupid bandwagon must be a lack of knowledge, as opposed to the far more reasonable "hey, I've looked at it, its fucking stupid and here's why, so no".

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By (user no longer on site)
over a year ago

"If my crypto Currency wasn't stolen last year I would be a millionaire and would probably have over 2 million now.

That you couldn't liquidate for real money if you tried, not that you would, because crypto is for hording.

That crypto currencies are ever going to make it beyond a the stage of a scam is a fantasy. Mathematically certain crashes won't change that.

And we're not going back to the gold standard either.

You can liquidate it easily at an atm if your willing to pay a 5% fee or you could just put the bit coins on a debit card like I have and use it like a normal debit card.

The fees aren't cheap but considering how much profit has been made most people won't mind paying a few percent.

You obviously have done no research into the 700 different crypto Currencies out there.

Yes, the only explanation for why someone isn't financially martyring themselves to get in on that sweet, sweet bitcoin action is because they've done "no research"

Of course, you do neatly sidestep the more pressing issue of why you'd ever use crypto currencies when you have actual real money, as said crypto is just going to keep getting more and more valuable, right? I know little about crypto currency but it looks to be in a bubble and like all bubbles they burst and those who got in early can take the crash and the last aboard crypto currency train are going to crash and burn.

Bitcoin could crash to zero but all the code is open source so that it something that can't be stopped by any government.

The whole Internet would have to be taken down.

It looks to me to be in a speculative bubble.When something new comes along and promises huge returns its inevitable that bubble will burst.What the true value of bitcoin is i have no idea..

Who knows the value of any currency????.

Ha no I'll be fine although personally I don't think it's anywhere near a "bubble" or "popping".

"five years time you'll see hundreds of thousands of outlets opening up bitcoin"

It's worth nothing that bitcoin enthusiasts make this prediction ever fucking year.

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

Last time I looked not one person has urged anybody on here to buy any bitcoins whatsoever.

Your opinion is your opinion and your free to act on it just like other people are free to act on there's?.

You seem to be getting very aggressive over other people acting on their opinions and investing their money where they choose, over half the things you've stated about bitcoin has been proven false, if you've looked into it and your still getting over 50% wrong, well you really need to examine your own research instead of slating others

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By (user no longer on site)
over a year ago

Anyway speaking of central Bank currency, I see HSBC have just been caught manipulating sterling again and all for an extra 8 million profit.... Yeah the good old central Bank currency where they dish out hundreds of billions of free money to the top 1% while the rest of us suckers pay it back with interest to the people the central Bank are giving to Practically free.

Hackers or central Bank managers!!! It's such a tough call

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

Last time I looked not one person has urged anybody on here to buy any bitcoins whatsoever.

Your opinion is your opinion and your free to act on it just like other people are free to act on there's?.

The problem with this is I haven't got anything wrong.

If I had, you'd be able to point it out, and yet here we are.

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By (user no longer on site)
over a year ago

Bitcoin fell more than 8% today thats quite a drop in one day.Seems a risky investment .

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

He clearly knows much more about it than you.

You can have an opinion about everything (curiously the exact opposite to whatever anyone is saying....) but it's hard to be qualified on all matters.

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By (user no longer on site)
over a year ago

"Bitcoin fell more than 8% today thats quite a drop in one day.Seems a risky investment .

It's risky and volatile sure but time will tell, they were saying the same thing this time last year.

It will either crash and burn or go mainstream.

Sometimes the right answer is to admit that you can't predict the future.

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By (user no longer on site)
over a year ago

Don't mind him, he has worked hard for the nickname of Demonjohnsaysyou'rewrong

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By (user no longer on site)
over a year ago

Don't mind him, he has worked hard for the nickname of Demonjohnsaysyou'rewrong"

You keep trying to make that happen.

It's not really taking off, is it?

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

He clearly knows much more about it than you.

We both know that not even you believe that, don't we.

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By (user no longer on site)
over a year ago

I'm sure people can make their own minds up.

You do get very angry over nothing and your style is grating. Chill out and try a spot of humility every now and then.

No one can know everything, not even angry trolls.

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By *LCC OP Couple
over a year ago

Cambridge

Of those Bitcoin investors who have commented so far, how much have any of you actually spent in bitcoins?

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By (user no longer on site)
over a year ago

I've been reading about bitcoin lately and it's clear that you're opinions are unqualified.

It's a speculative bubble sure, but people are free to invest how they please.

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By (user no longer on site)
over a year ago

I've been in a few hipster establishments that proudly accept payment in bitcoin and seen some computer shops doing the same.

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By (user no longer on site)
over a year ago

"I'm sure people can make their own minds up.

You do get very angry over nothing and your style is grating. Chill out and try a spot of humility every now and then.

No one can know everything, not even angry trolls. "

In the end, it always boils down to this tone policing drivel.

You are welcome to not engage, nobody is forcing you to post.

Or, at least, I certainly hope not.

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By (user no longer on site)
over a year ago

"I've been reading about bitcoin lately and it's clear that you're opinions are unqualified.

Well, feel free to expand on that whenever you'd like.

Lord knows it'd set you apart for the rest.

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By *LCC OP Couple
over a year ago

Cambridge

"I've been in a few hipster establishments that proudly accept payment in bitcoin and seen some computer shops doing the same. "

Yes, but how much have you spent?

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By (user no longer on site)
over a year ago

Zero because unfortunately I didn't buy anyway when originally thinking about it this time last year.

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

Last time I looked not one person has urged anybody on here to buy any bitcoins whatsoever.

Your opinion is your opinion and your free to act on it just like other people are free to act on there's?.

The problem with this is I haven't got anything wrong.

If I had, you'd be able to point it out, and yet here we are. "
.

You know when ignored all the facts you'd researched, well you've done the exact same on this thread.

At times you really do seem like Donald trump or may.... Just blind to the facts

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By (user no longer on site)
over a year ago

To be fair five hours behind us, you'll have been arguing all these points while busy at work????.

And just getting home now and able to really apply yourself to the debate

.... Hey DJ

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By (user no longer on site)
over a year ago

"Bitcoin is designed to be deflationary so people have a vested interest in not spending it.

People spend some because they have expenses like food, rent, fuel etc

It called the regression theory of money.

Last time I looked not one person has urged anybody on here to buy any bitcoins whatsoever.

Your opinion is your opinion and your free to act on it just like other people are free to act on there's?.

The problem with this is I haven't got anything wrong.

If I had, you'd be able to point it out, and yet here we are. .

You know when ignored all the facts you'd researched, well you've done the exact same on this thread.

At times you really do seem like Donald trump or may.... Just blind to the facts

Well, whenever you'd like to produce those 'facts', feel free.

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By (user no longer on site)
over a year ago

"To be fair five hours behind us, you'll have been arguing all these points while busy at work????.

Well, it's hardly difficult.

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By (user no longer on site)
over a year ago

Ah that good old dependable state issued currency being laundered by HSBC again for the most racist man in politics Jacob Zuma and his friends the Gupta's ... for the purposes of stealing south African state assets!.

It's Robert de niro all over again!

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By (user no longer on site)
over a year ago

"Ah that good old dependable state issued currency being laundered by HSBC again for the most racist man in politics Jacob Zuma and his friends the Gupta's ... for the purposes of stealing south African state assets!.

It's Robert de niro all over again!"

What's the point of this little anecdote?

This story is presumably one you feel shows *something* in a negative light, but you're typically vague on what that actually is.

Is it:

That a bank allegedly helped landed real money?

That real money can be laundered?

That it simply was real money?

That one or indeed both parties allegedly involved are ones you don't like?

More to the point, what is it about this little story would be made better if we all adopted bitcoin?

I'd wager it's nothing more complex than "if I can make money seem bad, then therefore bitcoin is good".

Only less subtle.

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By (user no longer on site)
over a year ago

Robert de niro John is calling.... Talking bollocks

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By (user no longer on site)
over a year ago

"Robert de niro John is calling.... Talking bollocks

Your response was everything I expected, and less.

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By (user no longer on site)
over a year ago

Correct me if I'm wrong but arent crypto currencies used for money laundering.

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By (user no longer on site)
over a year ago

"Correct me if I'm wrong but arent crypto currencies used for money laundering.

"
.

I've never argued they couldn't be used for bad things.

My argument long before demon John twisted everything I wrote into some personal bitterness was that personally I'd love to see the demise of state issued currency and that the best chance of that happening in my opinion was bitcoin!!!.

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By (user no longer on site)
over a year ago

"Correct me if I'm wrong but arent crypto currencies used for money laundering.

I've never argued they couldn't be used for bad things.

Any chance of getting a reason why you'd like to see real money gone, or are you going to talk about great actors again?

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By (user no longer on site)
over a year ago

"Correct me if I'm wrong but arent crypto currencies used for money laundering.

I've never argued they couldn't be used for bad things.

Any chance of getting a reason why you'd like to see real money gone, or are you going to talk about great actors again? "
.

I want to standardise world pay, you earn a bitcoin a month and it's worth the same value throughout the world.

it's designed to be deflationary instead of inflationary, a days work today saved up will buy you a days work next year or in ten years instead of an hours work after inflation.

It's the hardest currency to manipulate.

It will make governments actually be accountable to their spending instead of loading it onto future decades.

It will massively help the third world in real pay terms, no more imf bullshit bailouts that lumber everybody into permanent debt....

The list is long

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By (user no longer on site)
over a year ago

"Correct me if I'm wrong but arent crypto currencies used for money laundering.

I've never argued they couldn't be used for bad things.

Any chance of getting a reason why you'd like to see real money gone, or are you going to talk about great actors again? .

I want to standardise world pay, you earn a bitcoin a month and it's worth the same value throughout the world.

it's designed to be deflationary instead of inflationary, a days work today saved up will buy you a days work next year or in ten years instead of an hours work after inflation.

It's the hardest currency to manipulate.

It will make governments actually be accountable to their spending instead of loading it onto future decades.

It will massively help the third world in real pay terms, no more imf bullshit bailouts that lumber everybody into permanent debt....

The list is long

And light on detail.

The first thing doesn't make sense, as you've said yourself the value of bitcoin fluctuates. Wildly.

And that doesn't take into account cost of living. A bit coin would go further, provided it wasn't a useless joke of a currency, in a shithole in northern wales than in a proper city.

Of course, you never say WHY you want to "standardise world pay".

Deflationary currency isn't a good thing either. It promotes hording which takes money out of the economy. Why spend your bitcoin today when it'll be worth twice what it is now in a year.

Currency manipulation, maybe. But you'd have to be well into the s to care, and more to the point, is it worth abandoning real money for?

And what makes you think it would promote " accountable spending" for governments, what does that even mean?

And more to the point, what is unique about magic internet money that makes this impossible with real money?

As for the third world, your faux concern is touching, but until you can convincingly make the case for bitcoin this is a red herring.

Micro financing is doing a lot more for people in poverty than bitcoin ever will.