They can create it and force us to use it just like with the fiat currencies they force upon us. But this does not mean that there will be other independent currencies available just like now. The scary part is that with a governmental cryptocurrency they might be able to track each and every one of us so forget the anonymity part....
China is already a super power. They have the most foreign currency reserves in the world. They have one of the biggest economies in the world. They have nuclear weapons. They have a very large military and one of the strongest military's in the world. They hold a seat on the security council at the UN
I agree!
Regarding the currencies I would also add the big amounts of gold reserves they have been buying the last couple of years!
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Topic
BoardGambling discussion
Re: is Sportsbet.io safe to bet?
by
solidrock
on 04/05/2018, 10:02:38 UTC
I have used sportsbet for a while and have never had a problem
Do NOT play at bitcoincasino.us, as they are scammers/will NOT pay out winnings.
Just so everyone knows. Try another casino site out there besides this one.
Would you like to share with everyone why they are a scam?
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Topic
BoardEconomics
Re: Bitcoin business success
by
solidrock
on 04/05/2018, 09:35:58 UTC
Well, the fluctuations the last year might have caused it to be hard to predict the future earnings.
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Topic
BoardEconomics
Re: Why we should fear a cashless world
by
solidrock
on 04/05/2018, 09:29:44 UTC
The biggest fear I have is that if the power goes I might not have access to my cryptos But I am even more scared of the fiat system hehe
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Topic
BoardEconomics
Re: Can cryptocurrencies make physical money disappear?
by
solidrock
on 04/05/2018, 09:23:43 UTC
I think it might manage to do it! The thing I am afraid of is that the government might try to ban free cryptos and force state monopoly cryptos.
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Topic
BoardEconomics
Re: World economy, what do you think?
by
solidrock
on 04/05/2018, 09:15:47 UTC
There is a lot of talk about the relations in the media. I wonder if the narrative painted by the media gives a fair view.
For me, this is short-term noise
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Topic
BoardMining (Altcoins)
Re: Question about risers??
by
solidrock
on 03/05/2018, 13:22:45 UTC
1. Saves money 2. Computer and Ram 3. Saves space
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Topic
BoardEconomics
Re: Still Trading When Red?
by
solidrock
on 03/05/2018, 13:14:36 UTC
I only buy in the red! The human psychology is very unfriendly for long term investing and I believe that a lot of people sell just becuase others are selling. Keep your head cool!
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BoardEconomics
Re: Is Bitcoin now the biggest bubble of all time?
by
solidrock
on 03/05/2018, 13:02:02 UTC
I don't think it is a bubble although there is a lot of speculation in it. But if it were a bubble it would not be the biggest one... the bond bubble lurking around the corner is
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Topic
BoardEconomics
Re: Bitcoin vs. Gold Prices
by
solidrock
on 03/05/2018, 12:55:46 UTC
If you view both as competing currencies then determining which is best is not very productive is it? It will be very interesting to see how the exchange rate btc-gold will look like in the future, maybe when cryptos stabilize a bit more.
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Topic
BoardEconomics
Re: China tells people to buy gold & silver
by
solidrock
on 03/05/2018, 12:48:32 UTC
I would buy gold, silver and some bitcoin if I were Chinese
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Topic
BoardEconomics
Re: Bitcoin as savings, emergency needs possible?
by
solidrock
on 03/05/2018, 12:10:18 UTC
Taking the negative interest rates here in Sweden an around the world I have some longterm savings in crypto But it is not for anyone that easily gets scared hehe
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Topic
BoardSpeculation
Re: Bitcoin by Christmas 2018? (POLL)
by
solidrock
on 03/05/2018, 12:02:09 UTC
It is so hard to say when looking at the last couple of months of price action but I will say around 15 k USD.
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Topic
BoardSpeculation
Re: Bitcoin will go to $13500-12300$ because of this news
Cryptos as a whole will do great I believe but which crypto will win the race is hard to say. I think there will be a couple of leading cryptos.. but then we also have to take into account if governments start with their own cryptocurrencies or if they start banning free cryptos...