Dear Bitcoiners: Stop Cheering for Economic Collapse
As Chinese financial instability rocked global markets, placing them on what seems to be the edge of economic collapse, the Bitcoin community erupted with joy. At last, the world economy will fail, and Bitcoin will finally have its time to shine. This seems to be a prevailing attitude in the Bitcoin community — if not among the majority of Bitcoiners,....
Related News
When WPCS International Incorporated (NASDAQ: WPSC) snapped up bitcoin platform developer BTX Trader last week there was cheering in cyberspace. After all, bitcoin had just made it to the big time and BTX Trader is now an indirectly listed NASDAQ company. But should we be cheering? The news was certainly good for WPCS shareholders; its stock jumped up quickly. Interim CEO, Sebastian Giordano stated that, "As one of the first publicly traded companies to make an early entrance into the bitcoin space, we believe this transactions consistent with ongoing efforts to provide the Company with an....
Collapse. It seems to be a word that is becoming more and more relevant in our everyday lives. The economic collapse of Greece. The collapse of the Petrodollar. The collapse of our civil liberties and constitutional rights. And the upcoming collapse of the U. S. Dollar. There's a lot on our plate right now, but why not lay all the cards on the table? What would happen if Bitcoin collapsed? This possibility is much closer than you think, and efforts to avert it are underway, but what if nothing was done? Let's pretend everyone just acted like everything's peach fuss with Bitcoin and its....
If you pay any attention to the financial blogosphere you might have noticed talk of an impending economic collapse coming to the US and world this Fall. The Economic Collapse Blog issued a "Red Alert" for the last six months of 2015, for instance. In early 2015, The Economic Collapse Blog's Michael Snyder wrote a piece entitled, "The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015." He, like many of the internet analysts predicting an economic collapse around the end of 2015, cite something called the Shemitah Calendar as a reason for their....
Dear Ross, I am writing this letter a day before your birthday. Just three days ago, I had my own birthday, I turned 22. That means we are ten years apart almost to the day. So, while trying to come up with something to say that will help you enjoy your birthday, I began thinking about what life will be like for me in 10 years, when I’m turning 32, just....
As a follow up to my piece "Why Bitcoin Value vs The U. S. Dollar Does Matter (And Never Will)", it is necessary to understand the fate of the U. S. Dollar is set in stone. The U. S. Dollar must collapse. Fait accompli. The average American is ignorant to this fact because: 1) An ignorant American consumer is the government's best customer. If Americans knew what was going on in the global economic markets, and what Washington ISN'T DOING to correct it, they'd storm the White House this evening! 2) The U. S. has not had an economic collapse in the last 80 years; so 95% of Americans don't....