Recent content by yangnw

Gold is a commodity. More than 50% of gold is used for jewelry.

U.S. had its senate bill 1241 introduced in May 2017, didn't have its hearing until Nov. Read: bipartisan hatred comes top of the list. Finally, Europe to the rescue! You missed the point, bitcoin got its hype from its **limited supply**, not virtuality. Governments will be plunging right...

You gotta be kidding.

not banning bitcoin one of them, lol And yeah, it's high time that China lends out its firewall technologies to aid

You might be right. Sadly.

Sure, U.S. is too big to fall. The U.S. government never gives you a damn, as always. But I'm more curious why all the other smaller economies aren't doing anything. They can easily plunge into hyperinflation. Venezuela already have. Bitcoin-less households are already bankrupt.

I recall Trump talking in an election campaign about building a great firewall around U.S. financial system and going after Satoshi.. Then he probably forgot about it after he got elected.

And what if people are mortgaging to invest in bitcoin? The banks will be facing serious default risks, like in 2007-08

Yeah, some Third World countries are already bankrupted. They were somewhat protected from U.S.D. by their anti-U.S. attitude, but they got nothing against the internet. World denomination on the way.

Every college-level economics professor will tell you that it's a Ponzi scheme. Then why are the governments not doing anything? Some possible speculations: Governments are run by politicians who don't understand economics at all. (I don't think they are that stupid.) The politicians are...

You got somethings wrong. It's not just a Ponzi scheme. It's a "Nakamoto scheme."

If I were the Bitcoin sharks, I would have been driving up the price patiently and slowly, like what they have been doing for the past few years. This recent madness attracts attention, which is the last thing they want. This puzzled me until I realized that they had been waiting for the...