Cryptocurrency

[scooterscot]

More and more it seems the 50 day moving average is about to cross down over the 200 day MA. A sell off to > $4.8k by the 15th is increasingly likely. I'm not going short myself, just too risky. However a great buying opportunity may be about to appear as BTC has never broken the long term trend line in its history (bottom blue line). We're likely to see an alt rally begin on or after this event.

"Death cross incoming" by trader without_worries — published November 10, 2018 — TradingView

Me and my lines...

[scooterscot]

IMF's Lagarde says central banks could issue digital money

Hey Atwat, look what they're trying to do with your money. If only there was a decentralised monetary system whereby private entities could not manipulate your wealth.

International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency.

Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer.


Non-cash payments have increased over the years, raising challenges for governments and central banks.


Regulators have voiced concerns with digital currencies and called for greater oversight.


"I believe we should consider the possibility to issue digital currency," Ms Lagarde said in a speech at a conference in Singapore. "There may be a role for the state to supply money to the digital economy."


"The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous... And central banks would retain a sure footing in payments."


Ms Lagarde said central banks in Canada, China, Sweden and Uruguay were all "seriously considering" digital currency proposals.


A virtual currency issued by a central bank would be a liability of the state - as cash is - not of a private firm.


This would help consumers by making transactions safer and more common, and as a result cheaper.


"The more people you serve, the cheaper and more useful the service," Ms Lagarde said. "Private firms may under-invest in security to the extent they do not measure the full cost to society of a payment failure."

source: IMF's Lagarde says central banks could issue digital money - BBC News

[AtW]

Digital money, OMFG, is it like digital numbers in your online bank account?

[AtW]

MainTulipCoin DOOM:

Bitcoin plummets under $6,000 to a low of the year after months of stability

Fair warning: don't walk under windows of tulipcoin traders

[VirtualMonkey]

MainTulipCoin DOOM:

Bitcoin plummets under $6,000 to a low of the year after months of stability

Fair warning: don't walk under windows of tulipcoin traders

Oh tulip..you're right.
Let's hope the S&P500 didn't drop by nearly 15% recently...or the FTSE by nearly 15%...oh wait...

[gables]

Hey Atwat, look what they're trying to do with your money. If only there was a decentralised monetary system whereby private entities could not manipulate your wealth.

source: IMF's Lagarde says central banks could issue digital money - BBC News

"The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous... And central banks would retain a sure footing in payments."

Hmm, isn't an attribute of cash is that the transaction is totally anonymous, or rather unrecorded\untraceable? Also a cash transaction between the two parties involved is free not just cheap.

Although I have wondered, having watched this space for a few years, why banks don't come up with a solution to properly replace cash, and I don't mean by implementing contactless debit card payments.

[Hobosapien]

Although I have wondered, having watched this space for a few years, why banks don't come up with a solution to properly replace cash, and I don't mean by implementing contactless debit card payments.

Probably because unless they can operate fractional reserve banking they wouldn't be able to pay themselves huge bonuses. The profits would purely be from interest charged and paid as in the old days before digitisation.

The debt, private, corporate, and national means normal interest rates can't be charged so the profit would be too small to appeal while they can use the current system.

At some point something will happen to replace the current system. Some are betting on it being one form of crypto or another. Others that it will be a return to a gold backed currency.

I don't think the actual mechanism of pay matters as long as people can afford a certain standard of living for a certain number of hours spent working. So as long as food and shelter are within affordable reach of a typical wage (whatever that is paid in) then it will continue as 'normal'.

[VirtualMonkey]

Just got an email from BABB thanking me for continued support and advising of the airdrop they just placed in my account. worth checking if you bought the initial sale and havent seen the mail for any reason

[AtW]

Just got an email from BABB thanking me for continued support and advising of the airdrop they just placed in my account. worth checking if you bought the initial sale and havent seen the mail for any reason

AirDrop is like what pigeons do?

Tulipe from above...

[AtW]

TulipCoin DOOM: