Quote from: koelen3 on February 27, 2015, 06:43:17 PM

Quote from: MarihuanaStocks on February 26, 2015, 12:18:26 PM

Quote from: MarihuanaStocks on February 26, 2015, 12:05:09 PM

Quote from: Q7 on February 26, 2015, 11:45:13 AM

I see the threat or hate campaign will most likely come from companies offering money transfer services. If bitcoin ever gets big, it will most likely grab a large portion of the existing market share, so logically you would want your competitors out of the game at all cost. If you notice, nowadays trolls are all using newbie accounts and this raises the suspicion whether they got paid exactly to do that.

I saw a interesting presentation organized by an economist. He stated that normal banks usually have only 2% of their total liabilities available in liquid reserves.Once there were depot-banks and credit-banks now it is a mixture of both. One that allows banks to instantly invest the money you deposited in whatever they want. You don't have your money laying around there. At the moment of your deposit, the bank OWE's you this money. The second point is fractural reserve. Only 10 percent of the sum banks lend you need to be owned by themselves. It is this a giantic house of cards, where only 2 cards out of hundred needs to be "withdrawn" anywhere! So Bitcoin does not only affect payment processors, it also is a competing currency. It is a decentralized free-market currency, that gets it value through free interactions of market members. It has in fact many advantages over Fiat including anonymity.

If enough people decide to use Bitcoin..fiat is done!

We need a fiat-burn-coin! Like counterparty, while burning fiat

Quote from: koelen3 on February 26, 2015, 12:13:47 PM

Quote from: MarihuanaStocks on February 26, 2015, 12:11:26 PM

Burn 5 xxx-notes at home, catch it on video, and get 1000 fiat-burn-coins!

Aahahhahahahahaaahah!!! I would die, due to an extreme laughing flash.. Cheesy

Didn't got that Huh

I said, we need a fiat-burn-coin, like Counterparty did it with btc.

To get some, you could burn 5 fiat-notes at home and make a video of it. Tongue

Is money burning illegal?

LOL no it's not , i would love to see a video of you burning them Cheesy

Create a burning-coin and i'll burn 50 Euros!