Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by Police

  1. Sorry this is rubbish. The bank writing a credit in your account in your account is valid consideration because it is a promise to pay. If you never draw against the account then the bank cannot say they have suffered a loss. However, if you do - then they do because they have to draw down their own current account for you benefit.
  2. Guess this is the 'can't happen' soft-landing.
  3. Doesn't your first point contradict some of the others?
  4. Maybe buy a house before you get to the silver jubilee when you really will feel gutted.
  5. Old wives tales then. Thanks for clearing that up.
  6. Well the maths seems pretty simple to me. Don't let in a few million immigrants and don't build a few hundred thousand houses - or the opposite. I know which is more preferable especially since they can be voted out ex post facto.
  7. Excuse my ignorance, but what is an historical certainty?
  8. Does anyone listen to Jim Rogers anyway?
  9. Well I'm assuming that since most taxation is on income - they'll already have the "normal money" to make payment.
  10. From my understanding a vast quantity of the existing bitcoins were mined very cheaply - and are still held by the people who paid very little for them. From that I'd conclude the cap/equity ratio is quite low. I do think central to the development of bitcoin is if it can capture genuine economic activity - and the associated velocity. I can't think of any precedents like crypto-currency - it seems revolutionary to me and what ever happens to BTC - I don't think the technology is going to wither and die. There's too many applications it can be used for and a lot of fat that it can cut out.
  11. I think one thing you might want to consider beyond "market capitalisation" is equity. Consider the market cap of BTC vs the equity in BTC: if we a market cap of $10B - but only $1B (say) was ever paid out to acquire those BTC - then all the BTC holders in aggregate have $9B of equity. This will have a naturally adverse effect on the price as people will want to sell to realize gains. I think the market can only be classed as mature and be less volatile once the market cap vs equity is further apart. Currently, it is going through the "seigniorage" stage. IMO. If it ever got through this stage without affecting participation & uptake - I would suggest it has legs.
  12. A you don't think having a much larger participation rate - with many more bids and asks will make it more stable? I.e. like I said - a liquid market.
  13. You seem to be assuming that everyone joining the system is expecting to make money. Not a possibility that the system matures to a point where people joining are only wanting their activities to be facilitated - i.e. payment transmission? Not a possibility that an equilibrium can be reached between people joining and people exiting?
  14. No thanks - I don't like their terms and conditions. BTW The reason I find the multi-signatory feature an interesting one is that it is what would be required for any business to use crypto-currencies itself. No one person within an organization could abscond with the company's funds. Crypto-currencies would only become widely used if larger businesses start to use it. IMO.
  15. I'm starting to feel that the price of BTC or any coin is pretty irrelevant if you consider it merely as a payment conduit - and transact in and out of fiat: all that matters I is that there is a liquid market. There's certainly enough money transmission going on in the world which crypto-currency would provide massive cost savings to. Another discovery for me today is the m-of-n multi-signatory feature. I find this particular encouraging. https://www.bitrated.com/
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.