What in the bitcoinScammers.com web page isn't true? Which sites you think shouldn't be listed there?

 

After read your request, I became interested to lend the money you need. However I want to know how you will guarantee that I can use your home loan as collateral in case you default. The interest rate is rather attractive to any lender, but the risks associated the loan are very high.

The evolution of the marketplace which eschewed commodity money for fiat money (the current situation) is commonly brought up as a repudiation for commodity money by those with a vested interest in maintaining the fiat currency regime. This speaks to my question from the other day.  The issue of commodity money vs. non-commodity money is inherent in the evolution of the use of the commodity as money.  That one commodity was chosen by the market through time as the one which could be universally exchanged for any other commodity is the process which bitcoin cannot replicate.  

If that was indeed the case, then a return to a truly hard money standard is impractical in today's markets, hence the rise of credit money to handle problems of liquidity to clear markets.  

The question to be considered is what is the limitation of commodity money in a world where the property rights of the commodity can be transferred without physical transference of the commodity itself.  This was an issue under the International Gold Standard pre 1914, the necessity of moving large volumes of gold which created demand imbalances for it (or at least that is the claim of credit money apologists).

I have a small business but I don't have to declare income until I earn a certain amount in profit each year. Until then it is considered a "hobby" which remains "untaxed". Then I can claim any losses from the preceding three years to reduce the amount payable - if any.

Some bitcoins will always be lost but the effect will be astonishingly small; people are not going to accidentally lose several percent of their money per year. The real issue is growth deflation. As the economy grows the same amount of money can buy more stuff than before simply because the stuff is cheaper to produce. That is cheaper measured in real resources such as labor, electricity or steel.

This kind of deflation is very beneficial because it is interest on a loan, the return of a real investment. The money consumes no resources and is entirely useless until it is spent. The seller hopes to regain the value lost in the sale in the future, by spending the money. In effect, the seller has lent out a real resource with hopes of getting paid back in the future.

I hope I could be white listed to be able to discuss more further with some real professional on this forum. I am sure in short time I will be the one helping the other, when the knowledge will come, I will share for sure. I love writing tutorial and I have an excellent working ethic. I think Bitcoin will be a real revolution in the world economy. So I am ready for the future and I hope for the best.

Electricity costs are more due to the increased labour. For me, the higher than average price is justified by the far superior product. The service would have the advantages and disadvantages of centralization: easier access and no need to maintain the program on your own machine, but on the other hand it makes the system more vulnerable. A friend of mine pays his broker better than average fee per month.

Don't really suppose I'm qualified to give you a welcome as I'm new here too - but hello all the same! What rig are you running and how is it going for you?

It's simple - if you want to stay anonymous you have to be represented by someone who won't disclose your identification and can't be traced back to you. Similar to how internet proxies work. The proxy acts as a payment transmitter.

Another option instead of simply converting to cash for everything, bitcoins can be spent when making purchases.  If the places you would consider spending your coins at don't currently accept bitcoin, each reminder the merchant receives about bitcoin will help make the day where they do accept bitcoins come sooner.

Anything else than real life meeting has the problem of being asymmetric. That means someone has to provide trust.