Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 
509 posts

Ultimate Geek
Inactive user


  # 1005686 14-Mar-2014 15:50
Send private message

Must say that Bitcoins price has been remarkably stable over the past couple of weeks
I'm sure if the largest bank in the world accidentally gave away 4% of all the worlds money, their fiat the price would probably crash.
Bitcoin sits stubbornly on US $600.
 

80 posts

Master Geek


  # 1007054 17-Mar-2014 09:37
Send private message

So Greece and Italy pretty much falling bankrupt destroyed the Euro dollar right? isn't that what happened and the Euro is no more...........

Oh wait I'm using logic that some people here are, the Euro is still around.

 
 
 
 


8474 posts

Uber Geek


  # 1023248 11-Apr-2014 09:48
Send private message

turnin: Must say that Bitcoins price has been remarkably stable over the past couple of weeks
I'm sure if the largest bank in the world accidentally gave away 4% of all the worlds money, their fiat the price would probably crash.
Bitcoin sits stubbornly on US $600.
 


Oh well...


5151 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1023286 11-Apr-2014 10:31
Send private message

"Bitcoin plunges below $400 as Chinese exchanges halt bank transfers"

The last 24 hours:





Sideface


488 posts

Ultimate Geek

Trusted

  # 1023288 11-Apr-2014 10:34
One person supports this post
Send private message

Mark Knarples' fraud will be a great test case for BTC security.

509 posts

Ultimate Geek
Inactive user


  # 1023336 11-Apr-2014 11:26
Send private message

Sideface: "Bitcoin plunges below $400 as Chinese exchanges halt bank transfers"

The last 24 hours:



My bet is that bitcoin will recover, but if it does go below $13.40, let me know.
What would happen to the value of paper fiats if you were not allowed to trade them anymore?
Sure banks are under a lot of political pressure to try to kill bitcoin which is exactly why many won't pull their money out.
perhaps fred might question exactly why banks want this currency gone.
Probably not though.
 
speaking of devaluation of fiats, seen this ?

I think we are over 70 Billion now, ( just govt) lets watch the value of the nz dollar remain nice and steady as we pay more interest on borrowings based on printed money backed at best by 1% unaudited gold. lol
 

8474 posts

Uber Geek


  # 1023370 11-Apr-2014 12:04
Send private message

turnin:

What would happen to the value of paper fiats if you were not allowed to trade them anymore?
Sure banks are under a lot of political pressure to try to kill bitcoin which is exactly why many won't pull their money out.
perhaps fred might question exactly why banks want this currency gone.
Probably not though.

 


You're still "allowed to trade".
Banks are dropping A/Cs for BT trading companies, not because of "political pressure" but because of perceived risk.
NAB here: http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky 
With high volumes on a sharply falling market, there will be a lot of blood on the floor, which will make more banks want to distance themselves from traders.
I don't have any "position" on this.  Just curious.

 
 
 
 


509 posts

Ultimate Geek
Inactive user


  # 1023373 11-Apr-2014 12:13
Send private message

Fred99:
turnin:

What would happen to the value of paper fiats if you were not allowed to trade them anymore?
Sure banks are under a lot of political pressure to try to kill bitcoin which is exactly why many won't pull their money out.
perhaps fred might question exactly why banks want this currency gone.
Probably not though.

 


You're still "allowed to trade".
Banks are dropping A/Cs for BT trading companies, not because of "political pressure" but because of perceived risk.
NAB here: http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky 
With high volumes on a sharply falling market, there will be a lot of blood on the floor, which will make more banks want to distance themselves from traders.
I don't have any "position" on this.  Just curious.


sure you don't have a "position" but you must know, if you follow the news about bitcoin, there is absolutely enormous political pressure to destabilise bitcoin, has been for some years, you realise the NAB is a bank, trading and loaning fiat right ?  

8474 posts

Uber Geek


  # 1023453 11-Apr-2014 14:32
Send private message

turnin:
Fred99:
turnin:

What would happen to the value of paper fiats if you were not allowed to trade them anymore?
Sure banks are under a lot of political pressure to try to kill bitcoin which is exactly why many won't pull their money out.
perhaps fred might question exactly why banks want this currency gone.
Probably not though.

 


You're still "allowed to trade".
Banks are dropping A/Cs for BT trading companies, not because of "political pressure" but because of perceived risk.
NAB here: http://www.theguardian.com/world/2014/apr/10/bitcoin-dumped-by-national-australia-bank-as-too-risky 
With high volumes on a sharply falling market, there will be a lot of blood on the floor, which will make more banks want to distance themselves from traders.
I don't have any "position" on this.  Just curious.


sure you don't have a "position" but you must know, if you follow the news about bitcoin, there is absolutely enormous political pressure to destabilise bitcoin, has been for some years, you realise the NAB is a bank, trading and loaning fiat right ?  


I have no love for the banking system, but a monetary system / "fiat currency" based on something with less backing than pokemon trading cards (and the possibility for infinite variations of the same scheme to become established), it's mind boggling that so much money has changed hands, and from trading data - very little of it has ever been for exchange of goods - purely speculative.

1 | 2 | 3 | 4 | 5 
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Intel expands 10th Gen Intel Core Mobile processor family
Posted 23-Aug-2019 10:22


Digital innovation drives new investment provider
Posted 23-Aug-2019 08:29


Catalyst Cloud becomes a Kubernetes Certified Service Provider (KCSP)
Posted 23-Aug-2019 08:21


New AI legaltech product launched in New Zealand
Posted 21-Aug-2019 17:01


Yubico launches first Lightning-compatible security key, the YubiKey 5Ci
Posted 21-Aug-2019 16:46


Disney+ streaming service confirmed launch in New Zealand
Posted 20-Aug-2019 09:29


Industry plan could create a billion dollar interactive games sector
Posted 19-Aug-2019 20:41


Personal cyber insurance a New Zealand first
Posted 19-Aug-2019 20:26


University of Waikato launches space for esports
Posted 19-Aug-2019 20:20


D-Link ANZ expands mydlink ecosystem with new mydlink Mini Wi-Fi Smart Plug
Posted 19-Aug-2019 20:14


Kiwi workers still falling victim to old cyber tricks
Posted 12-Aug-2019 20:47


Lightning Lab GovTech launches 2019 programme
Posted 12-Aug-2019 20:41


Epson launches portable laser projector
Posted 12-Aug-2019 20:27


Huawei launches new distributed HarmonyOS
Posted 12-Aug-2019 20:20


Lenovo introduces single-socket servers for edge and data-intensive workloads
Posted 9-Aug-2019 21:26



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.