Author Topic: BitCoin has reached an all time High of $1100 USD  (Read 3843 times)


« Last Edit: November 28, 2013, 12:13:41 PM by lolz?? »

That was an ugly time in Germany.  So basically after the first World War France threw a bitch fit that French army wasn't as great as the Germany army, so they wanted to blame the Germans for starting a horrible war when in actuality it was actually the Austro-Hungarian Empire and Russia starting the whole conflict. Anyway the League of Nations all agreed that Germany had to pay war reparations, shrink it military, loss it's possessions, and they couldn't have a real navy.  Anyway France wanted it's money now kept pressuring Germany into repaying them quicker.  So some idiot in the economics department decides that printing more Marks was a good idea, however whoever they were they forgot to factor in consequences of inflation.  So Germany went into further debt, unable to repay France, and it's currency was useless which threw all of Western Europe into a depression.  Also as a result the depression lead to a political mess between conservative and liberal factions in Germany which lead to the raise of national socialistsm.

Meanwhile in the United States the Stock Market became really popular and anyway who is anyone could buy and sell stocks at the stock market.  Before, wallstreet was just mostly gamblers and rich business men investing into companies, but that changed in the 1920's.  So people started go to the banks to get a loan, from there they used their loan money to invest in a stock or create a company.  Everything was good for a while until the banks wanted to get their loans back and eventually the stock prices crashed and people were stuck with having a huge debt to pay off.  Unable to receive the money owed from the investors, the banks started to suck money for it's more responsible customers and businesses which brought them into debt too.  So the banks were then going to shut down too, so everyone raced to withdrawal their money which caused almost every bank to go out of business. 

So not that you care, but now you know.


russias inflation during the 1920 - 1930's was pretty fun too: a sack of potatoes cost around 50 million


Meanwhile in the criminal underground

Meanwhile, in the offline world...



Are you implying that illegal immigrants are dangerous?

since when was this the Mexican gun thread

Are you implying that illegal immigrants are dangerous?
Looks like a big fiesta to me.

imagine if mtgox didnt require personal info and every single kid could trade bitcoins if he wanted to

Are you implying that illegal immigrants are dangerous?
It was the only safe for work image of human trafficking I could find.  Many cartels and gangs in Mexico have been known by law enforcement to escort people over the border, or take border crossers hostage.
« Last Edit: November 28, 2013, 01:11:06 PM by Harm94 »

imagine if mtgox didnt require personal info and every single kid could trade bitcoins if he wanted to
Sometimes I forget I'm now 18 and can do big-boy things.
I'm glad I don't have to ponder such questions anymore.

It was the only safe for work image of human trafficking I could find.
That is a really bad representation of human trafficking.

It's just more of an open-border than illegally smuggling and selling people over.

I STILL DON'T GET BITCOINS

It's just more of an open-border than illegally smuggling and selling people over.
I made an edit to that post too because:
Quote
Many cartels and gangs in Mexico have been known by law enforcement to escort people over the border, or take border crossers hostage.
my source is that I am going to college and I want to get a criminal justice degree. Often in my classes this is mentioned when we discuss gangs, drug trafficking, illegal immigration and cartels.

It's no surprise to find people hiding in the trunk of a car or under a truck under a truck at a border checkpoint.  At airports abducted women and children might be brought in through suitcases or under heavy supervision of their captors at a terminal checkpoint. In some cases they are also brought in by boat.  It also hard to work with these people who have been abducted because they come from countries that have a police force that is known to be corrupt or they are just thugs in uniform.
« Last Edit: November 28, 2013, 01:21:39 PM by Harm94 »

I STILL DON'T GET BITCOINS
It's a virtual currency.
You can get your computer to do some sort of fancy e-magic and scour data or something, and once completed it rewards you with a bitcoin. (I'm no computer whiz, I don't know exactly how the mining process works)

You can do it in groups to make it faster, but you'll get a portion of the bitcoin dependent upon how much work you did.

Bitcoins can then be traded, and like items on a stock market, their value can go up and down depending upon demand for them.
Some individuals will buy them as a commodity to use later, and some businesses will accept them as a currency for their services.

I made an edit to that post too because:my source is that I am going to college and I want to get a criminal justice degree. Often in my classes this is mentioned when we discuss gangs, drug trafficking, illegal immigration and cartels.
I think I understood what you meant.
I don't think Kalphiter did.
But the image was looking like it was making the wrong point is all.