GB HODLers Club

The head of the IMF says bitcoin is 'too expensive for me at the moment'

Bitcoin is too expensive for one of the most powerful women in finance.

Christine Lagarde, the head of the International Monetary Fund, on Friday told CNBC's Sara Eisen that bitcoin is "too expensive for me at the moment" when asked if she would ever buy into the red-hot digital currency.

Lagarde last month gave a soft defense of the cryptocurrency during a speech in London. She said cryptocurrencies such as bitcoin could "give existing currencies and monetary policy a run for their money." The IMF is one of the largest supranational organizations and facilitates cooperation between nations on monetary and fiscal policy.

"Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays," she said. "So I think it may not be wise to dismiss virtual currencies."

"When I look at my own country where, you know, all transactions between ... my compatriots and the treasury department is all now on digital support," she said. "I think there are massive changes taking place at the moment which everybody needs to be attentive to."

http://www.businessinsider.com/imf-...is-too-expensive-for-me-at-the-moment-2017-10
 
It's called "decentralization" and it means the downfall of statist and statism alike.

Once blockchain tech (true blockchain tech) penetrates, government bureaucracy - ALL THAT INFAMOUS RED TAPE - will be a thing of the past. Monstrous, repetitive, wasteful government agency networks? POOF - all gone.

ANYTHING that code can do better than government-employed humans means ALL those humans will be looking for other ways to waste time because code costs virtually nothing to employ in comparison, just as its productive efficiency is incomparably greater.

Codified law inserted into the blockchain will be NATURALLY, DIGITALLY interpreted TOTALLY OBJECTIVELY, each and every time, over and over again...

...which means SUBJECTIVE interpretation of LAW will soon be a thing of the past, too. Which will = no need of judges for most aspects of the law, meaning more quality judges for the really vital aspects of the law.

Bitcoin's blockchain is the code that's introduced this possibility to the world; Bitcoin was specifically created so EVERY INDIVIDUAL ON EARTH could be their very own banker without ANY need of any traditional financial institutions OR any government fiat money AT ALL. Consider how INDIVIDUALLY POWERFUL that decentralization makes every human who wishes to employ it.

It's that REVOLUTIONARY blockchain that makes 1 bitcoin right now = app $4,362, when just 7 years ago when bitcoin was first traded, it had no practical worth at all.

It's the blockchain, stupid.



BAD NEWS for LEMMINGS: you have to actually desire to be TOTALLY responsible for YOUR OWN PROPERTY and INDIVIDUAL LIBERTY, instead of relying on Uncle Sugar and crony cousin Wall St. to "help" you...

Decentralization = self-government (in ways America's framers would gush over), and as history as shown consistently, the great, great majority of folks simply do not care to shoulder that individual responsibility.
.....
 
you would be president of the GB -ODdlers Club.

You forget the owner of this website has posted that shit is "not wanted here"...

Or, are you just the latest pussy poster too chickenshit to actually post what you're insinuating?
 
*chuckles*

Know what's really humorous, monkeyboy?

Years ago I started a thread and you appeared almost immediately, dumping a comment that was AOK on what the GB was back then, but what would get you instantly banned today. Your comment wasn't directed at me...

Nonetheless, I PMd the website owner and asked if my thread could be deleted entirely because I didn't want it still up with your shit polluting it.

The owner was happy to comply.

Those were the GB days, eh monkeyboy?
 
Know what's really humorous, monkeyboy?

Years ago I started a thread and you appeared almost immediately, dumping a comment that was AOK on what the GB was back then, but what would get you instantly banned today. Your comment wasn't directed at me...

Nonetheless, I PMd the website owner and asked if my thread could be deleted entirely because I didn't want it still up with your shit polluting it.

The owner was happy to comply.

Those were the GB days, eh monkeyboy?



More whining and pining for Laurel, from Lit's biggest whinerbee bitch. :)

eyer the whinerbee said:



http://www.sherv.net/cm/emo/laughing/roflmao.gif
 
You forget the owner of this website has posted that shit is "not wanted here"...

Or, are you just the latest pussy poster too chickenshit to actually post what you're insinuating?

i'm not dumb enough to give you the satisfaction pedro
 
Know what's really humorous, monkeyboy?

Years ago I started a thread and you appeared almost immediately, dumping a comment that was AOK on what the GB was back then, but what would get you instantly banned today. Your comment wasn't directed at me...

Nonetheless, I PMd the website owner and asked if my thread could be deleted entirely because I didn't want it still up with your shit polluting it.

The owner was happy to comply.

Those were the GB days, eh monkeyboy?

Humorous? Not really, I have no idea what you're talking about. What exactly did I allegedly say, monkey girl?
 
1st country to accept Bitcoin in return for citizen status

http://static3.businessinsider.com/image/59db2b9bf37c8d78b226aa50-1032/shutterstock203423677.jpg

You can now buy full citizenship of the Pacific nation of Vanuatu for less than 44 bitcoin
http://www.businessinsider.com/vanuatu-accepts-bitcoin-for-citizenship-payment-2017-10


Current price of 1 Bitcoin = app. USD$4,822

USD$200,000 today = app. 41.5 Bitcoin

Exactly 7 years ago, 10/11/10, USD$200,00 purchased app. 2,075,227 Bitcoin

2,075,227 Bitcoin x USD$4,822 = $10,006,744,594

Yes, that's 10 billion.

HODL
 
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