Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!

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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Ahmed » 07/02/18, 19:09

I couldn't react before: I just read the article in question ... : Wink:
What I can add is that this smoke is non-polluting (doubly, since if the gains had been made *, they would have translated ultimately by a destruction of the world ...).

* I mean here a partial achievement, because a massive withdrawal would have led to the cancellation of the gains.
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by phil12 » 20/02/18, 11:29

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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 22/02/18, 23:26

Look, the CNRS is also interested in bitcoin: https://lejournal.cnrs.fr/billets/bitco ... ne-monnaie
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 27/02/18, 01:43

Banks want to prevent customers from speculating on bitcoin

https://www.lesechos.fr/finance-marches ... 156628.php

: Shock: : Evil: : Shock:

And there you go ... proof that democracy is an illusion!
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 27/02/18, 11:00

I hardly see any connection with democracy?
Especially when this refers to the idea of ​​equality between citizens, while speculation aims on the contrary to fierce competition between consumers and therefore to widening inequalities.
In the linked text, it is mentioned that its prohibitions hardly affect France in the sense that our credit cards are debit cards and not credit cards.
That a bank employee advises one of his clients against bitcoin seems to me quite respectable in the sense that cryptocurrency relates more to casino games than to a real "investment".
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 27/02/18, 11:21

Prohibit his clients to do what they want with their money is a bit anti-democratic ... right?

As long as bitcoins have not been legally prohibited, I don't see the legitimacy of banks which grant themselves the right to prohibit the use of their customers !!

If the banks prohibit the use of bitcoins, then it also does it with the Lotto, scratch games, PMU, Casinos ... because they are all much DANGEROUS than bitcoins ...

No, be sure: the banks don't really care about your savings (they earn more money when you are in the red !!), what they want is to save their skin from "useless man in the middle" so they make you believe that it is in your interest not to play with bitcoins ...

The reality is quite different! And so yes it's anti-democracy ... or rather a mafia-style system!
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by sen-no-sen » 27/02/18, 12:32

Christophe wrote:Prohibit his clients to do what they want with their money is a bit anti-democratic ... right?


The article refers to the purchase of cryptocurrency via credit cards.
A credit card as its name suggests it is a card where you can make money which does not belong to us, therefore based on a promise of future reimbursement aimed at increasing the value of the loaned product ... it is quite logical that the banks do not want to let such a goose that lays in smoke go up in smoke!
Most French banks now offer cards of this kind ("revolving credit" type (sic!) From the Savings Bank).
In the USA this practice is common, and given the success of cryptocurrencies, it is quite logical that financial organizations prohibit the purchase via value credit as versatile as bit-coin and co.
The sub prime we left a bitter taste across the Atlantic, hence this kind of measure.
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 27/02/18, 23:56

And of course the subprime crisis is entirely the responsibility of customers ... not banks! : Mrgreen: : Mrgreen: : Mrgreen:

Otherwise yes the French language has assimilated credit card and debit card (immediate or deferred ... if deferred it is assimilable to micro credit)
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Ahmed » 28/02/18, 19:15

And of course, the subprime crisis is entirely the responsibility of customers ... and not banks!

It is a little more complex: in a context where the income of the mass of employees tends to fall structurally, a convergence is emerging between the need for credit of these populations and the desire of bankers to take advantage of it. Inopportune, this context implies that the repayments of said loans will be difficult, but the speculative aspect of the real estate which followed obscured this aspect, since the mortgaged goods were constantly revaluing, this until the bursting of the bubble which ended the dream ...
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Re: Bitcoin and cryptocurrency, what's a financial bubble? Explanations in 5 minutes chrono!




by Christophe » 01/03/18, 12:49

Ahmed, I don't think there is anything really complex. We make it complex to prevent people from understanding the smokiness of monetary functioning ... This in order to repel the revolution and the fall of conventional banks and the current system .... but this fall is inevitable!
See the 1st quote here: society-and-philosophy/society-quotations-and-slogans-in-images-that-make-you-think-t12318.html

Fallen by chance (which therefore does things well) on this book, published 2 weeks ago (i.e. the week after the lazy vegetable garden): https://www.eyrolles.com/Loisirs/Livre/ ... 2709661621

Why banks are going to disappear has become a reference in the world of finance: an essay as learned as it is accessible, in which Jonathan McMillan dissects the history of the banking system, from its origin to the present day, in an attempt to explain its dysfunction and repeated seizures.

"Today's banking is getting out of hand and instead of trying to fix it, you better prepare to end it."

9782709661621_h430.jpg
9782709661621_h430.jpg (18.54 KB) Consulted 2475 times


Overwhelmed in particular by shadow banking and the opacity of financial operations, banks are no longer functioning as they should and we will no longer be able to repair them using traditional governance and guarantee solutions. Everything must be reformed.

Using economic research and a rigorous analytical approach, McMillan offers in this book the beginnings of a modern and healthy financial system.


I do not know if crypto currencies are part of the modern and healthy financial system that the author proposes but given the "digital revolution" of the subtitle there is a chance that it is ...
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