Quote from: marcus_of_augustus on February 12, 2016, 12:04:41 AM

Quote from: tabnloz on February 11, 2016, 11:42:48 PM

As JPM guy explains, interesting to note people are not fleeing to the safety of paper or bank deposits, but gold.

The anchor in the video also mentions that every defensive trade is so crowded right now, the reply is that people are just treading water. To me this is another small sign of the crowding into sovereign bonds.

http://www.zerohedge.com/news/2016-02-11/jpm-ficc-head-people-have-more-confidence-gold-bank-deposits-or-paper-money

speaking of crowded defensive trades, physical fiat cash is clearly being delineated as a different form of money to digital fiat bank accounts, being subject to bail-in, confiscation, freezes, bank-holidays, etc. I'm expecting at some point to see physical fiat cash trade at a premium to digital fiat cash, as much as bearer bonds have and bearer stocks have versus their counter-party impaired representations in the past.

Also I think this is a large part of the drive behind outlawing physical fiat cash is because it represents a bearer instrument and they have gradually side-lined or outlawed other forms of bearer instruments over the years. Bitcoin, gold and physical cash, stock certificates (if you can get them) should all be held closely.

Bitcoin is a bearer instrument par excellence in the digital realm.

In theory, the best bearer instrument would be a crypto currency that is widely used by the masses for microtransactions, because the government would find it impossible to ban or crack down on a social networking phenomenon involving zillions of small transactions all over the globe.

It would also help a lot of the full nodes centralization problem of all existing crypto currencies was fixed; and fixed in a way that enables secure instant transactions.

I switched from an anonymity focus to this new focus. I am implementing now. Stay tuned.

Quote from: TPTB_need_war on February 11, 2016, 04:42:07 PM

Quote from: altcoinUK on February 11, 2016, 03:15:42 PM

The issue is the vast majority of the population will be perfectly happy with the new world order

Not necessarily. It depends. They are fattened and appeased right now because the "free" debt money spigot is open wide. On the backside of 2017, they are not going to like the pain, which will open opportunities to get them interested in online commerce so they can earn some income during the downturn coming. The elite know this and that is why will try to lock everything down with capital controls from 2017 to 2020 at least, so they can complete their global monetary reset.

So the key is to work on projects which won't be in violation of any capital controls. Think small such as microtransactions. The government can't possible put capital controls on microtransactions.

I have a specific plan now (which wasn't formulated when I spoke to you all in private) and it is doesn't involve air drops to n00bs. Also I have diversified my plan so that if the crypto currency aspect of my project fails, I will still have the social networking aspect which I can continue.