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World’s top 10 rookie gold mines

World’s top 10 rookie gold mines

Bitcoin hit $1030 this morning.

A lot of doubts about bitcoin can be resolved by simply learning more about how it works.  The blockchain leaves a ‘transaction record’ to  wallet numbers that are randomly generated, with no user identity attached.  So audit trails do not work, unless a user reveals what wallet # was used for what transaction.  That’s why the gov’t goes after the exchanges to reveal ‘user data’… the only way they can track is at the point of transfer 1n/out of bitcoin and tag that transaction to ‘user data’ stored at the exchange.

One is much safer in an one-to-one transaction such as purchasing an item.  That cannot be tracked unless one party reveals something.

And EEOS… really?  I’m sure you take good care of your physical wallet loaded with cash… and don’t let your daughter play with it or leave it on the stove to burn up.  Same safeguards apply with storing a bitcoin drive.   You can even make a backup and store TWO copies in different places.  Can you do that with the cash in your wallet?

I think the central planners created premature increased prosperity, or business activity or economic growth, in many various foreign nations, by depending on the ability of Americans to borrow and spend money, they did not earn yet, on imported products. That “ability” got a lot smaller after 2008. And the results are showing up here and around the world.

It’s pretty simple. The so called new fangled global economy is like the new fangled construction design of the US Trade center buildings. No problem until fires melted the floor boards and they all collapsed. The US Consumer, was and is the “floor boards” of the global economy.

By listening to the days and weeks and months on TV of Trumps ideas and methods to rebuild the US Consumer, makes me think they are in panic mode, or in a big hurry to fatten up the US Consumer. So far “words” and emotion are working in the stock market, but reality is still here.

As Cash Shortage Leads To Manufacturing Contraction, Economic Shockwaves, Indian Banks Slash Interest Rates

Indian banks announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia’s third-largest economy, at the same time as the December PMI survey showed the first contraction in India’s manufacturing sector in one year, raising doubts about the world’s fastest growing economy.

so what happens when my daughter plays with my USB drive and misplaces it  or decides to write over it?  Or even worse in a fire what happens?  I know what a melted coin looks like. I’m not sure about melted bits

safely stored offline in a thumb drive.   BTC now $1,008.

http://www.coindesk.com/price/

If it’s a tulip mania… play for the top!  🙂

I recognized early on that BTC couldn’t be as manipulated as the common markets.  Thus, technical analysis and especially the elliot waves of mass market participants would be  easily read with confidence.  So far it’s worked for me.   I’m just curious to see how high it goes THIS time.

China is building fiber optic infrastructure along the old Silk Road trading route.  Not only will they connect millions of new Chinese to the ‘net, they will connect Russia and Eurasia  also.  Bitcoin will be the trading medium of choice to be adopted by these people.