Ninjastic
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Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
rickyjames
on 30/01/2014, 17:36:09 UTC
Quote from: jl777 on January 30, 2014, 05:24:49 PM
Quote from: rickyjames on January 30, 2014, 03:35:00 PM
Quote from: coolmist on January 30, 2014, 02:23:53 PM

Quote from: gradis on January 30, 2014, 05:20:21 AM
I have a UK account but wouldn't use it. .. Mine was blocked just because I went on a online shopping spree. Had a phone call claiming to be the fraud team ...

That happened to me too, yesterday actually  Undecided.

The banks in both the UK and the US are implementing creeping de-facto currency controls, they are in big trouble with liquidity now that the Fed is tapering off QE.


http://www.bbc.co.uk/news/business-25861717

http://www.forbes.com/sites/halahtouryalai/2013/10/17/no-jpm-isnt-banning-international-wire-transfers-no-limits-on-withdrawals-either/

What's even scarier is there is increasing talk by the IMF and national central banks of a one-time 25% wealth tax to try and rebalance the currently desperate debt ratios faced by banks:

http://www.zerohedge.com/news/2014-01-27/bundesbanks-stunner-broke-eurozone-nations-first-bail-your-rich-citizens

This is I think the real reason cryptocurrencies like NXT will take off in the next 24 months.
The undeclared war on bitcoin/crypto is escalating. In america if you want to sell crypto to the masses, you need to get licenses in all states you operate in. For internet based, that is 50 states. Each with their own burdensome variation on a burdensome set of forms, bonds, fees, etc. Estimated cost in the millions BEFORE you can even sell the first crypto!

This explains why coinbase is the only place to convert fiat to BTC and they just lowered the limit from 10 BTC/day to $3000. Expect it to continue to shrink.

In July USA is planning capital controls regulations making it super difficult to get any USD outside of america. This all happening around the time the interest on the federal debt cannot even be paid. My prediction is that this year, next at the latest, USD will cease to be the reserve currency of the world. Oil won't be denominated in dollars after that, along with pretty much everything else.

The fact that dollar has been reserve currency for the world (international trade denominated in dollars) has allowed america to do one thing no other country could. Print money to get stuff from other countries. Nice advantage that allowed deficit spending for so long.

James

Amen, brother, preach on!  (That's what they used to yell in the little Tennessee church I attended as a boy).

I use World First to transfer money to and from my UK account for poker and have been very happy with them.

http://us.worldfirst.com/

It's ridiculously difficult and expensive to do this thru a US bank.  WF worked with me to get their New York Citibank account listed on my list of "approved" bank accounts I can send money to online from one of my personal bank accounts (BB&T, Wells Fargo).