Sentences with phrase «of fiat dollars»

A malicious user who overpowers a public blockchain network would, in doing so, devalue the currency, so even if they «stole» some coins they would very likely end up with less money in terms of fiat dollars than they had before.»

Our military activities could not occur without the money printers churning out trillions of fiat dollars to support their so - called wars on terror, which are really just resource grabs from other countries.

And I suspect jafix does nt understand the relation between the price of gold and the value of a fiat dollar.

Not exact matches

But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas * % * ds who are driving this ship with 100 % of my money in dollars, or any fiat currency, for that matter.»

«The really tricky question for regulators is how we structure those type of rules in light of the fact that the funds these firms hold are not denominated in dollars or other forms of traditional fiat currencies,» Lawsky said.

The US Dollar could easily be combined with other fiat currencies to create some type of global currency.

However, the increasing price of Bitcoin relative to traditional fiat currencies such as the Dollar and Euro may actually inhibit adoption by the general public.

Basically, what is happening is Bitcoin Suisse, a leading digital asset management company, will be able to help investors buy into the Jibrel token sale through the use of the US dollar, British pound, Euro, and many other standard fiat currencies.

«Whereas I said Bitcoin «isn't real» because it has no intrinsic or underlying value, that's certainly true of the dollar and other fiat currencies: there's nothing behind them either.

Unlike in the past, when you could exchange your dollars or any other currency for physical gold, fiat currency is not backed up by anything else than a number printed on a piece of paper.

Though the US dollar has remained the strongest fiat currency in a pool of rapidly devaluing fiat currencies over the past two years, if one calculates the declining purchasing power of the US dollar in the past couple of decades when using real rates of inflation inside the US (versus the bogus rates produced by federal entities), then one can easily reach the conclusion that the US dollar has crashed as well.

When the trade deficit with China was $ 350 billion last year, what it actually meant was that China sent us $ 350 billion worth of goods, and we gave them our printed paper (fiat money dollar) in exchange.

This wouldn't be the first time US Dollar led woes have happened, and much like the 1970's, Peter Schiff sees gold as being a good place to store value in a time of fiat currency led chaos.

It authorized the creation of fiat money to the tune of nearly five million dollars a month, and it passed a 50 % increase in tax rates in the principal form of federal taxation, the tariff.

Tags: best gold and silver mining stocks, best ways to buy gold and silver, best ways to invest in gold and silver, death of fiat currencies, dollar crash, gold.

I agree with about 99 % of what he said but I do take issue with the idea that when the dollar collapses, other equally leveraged and manipulated fiat currencies will not fall as well.

A clear sign of the decline in the dollar's purchasing power since the move into a pure fiat money system.

Regardless of all that, the Euro is just a fiat currency, same as the Dollar, and they are wearing out their printing press just as we are (if only in creative ways).

You can use Abra at any time where you intend to buy, hold, sell, send, and receive bitcoin or any of the 50 + fiat currencies available through the Abra app (a fiat currency is a government - issued currency, such as US dollars or Euros).

On other note, you can actually reduce your risks with cryptocurrency pairs as well, and get exposure only to the relative performance of two coins, and remove the generally huge volatility of coins versus fiat currencies, like Ethereum's swings against the Dollar on the chart above

Clients can replenish electronic accounts using any fiat and cryptocurrencies (rubles, dollars, euros, Bitcoin, Ethereum, Litecoin, Ripple and any electronic accounts) and then change them at the rate of any exchange to any fiat and cryptocurrency.

Trading cryptocurrencies works exactly the same, but instead of selling and buying fiat currencies, such as euros or US dollars, traders buy and sell cryptocurrencies, such as bitcoin, Ether (ETH) or Litecoin.

Many investors also like the idea of getting into and out of cryptocurrency trades and at the end of the day having just a good old fiat currency like dollars or euros on their accounts.

E-money is an electronic component of fiat currency systems, and still trades in familiar units such as dollars, euros, pesos, or yen.

MONETO is a decentralized, secure and user - friendly platform to provide loans in a fiat money (Euro and US dollar) on the security of Bitcoin online and almost instantly.

He explained that the most important attribute of currency is trust and that, despite inflation, people trust fiat money issued in a stable economy, like the United States dollar.

On a handful of exchanges, you can buy it directly with fiat currency like US dollars.

To be able to buy and sell a cryptocurrency, you need to purchase it with another form of currency such as digital currency (Skrill, Neteller, etc) or fiat currency (US Dollars, Euros or other currencies issued by central monetary authorities).

The difference is that since August 15, 1971, when the US unilaterally terminated convertibility of the US dollar to gold, the dollar and most other national currencies have been fiat currencies.

The same can not be said of the U.S. dollar, or any fiat currency, which today is printed «out of thin air» with abandon.

To believe in the fiat currencies of today, especially the dollar, is equivalent to believing that fraud and corruption can save your soul.

In consideration of these profits and easy war finance, the banking sector has adopted a policy of a declining purchasing power for the fiat credit dollar coupled with shocks (the business «cycle») to manipulate the commodities and the stock markets (to make profits on the side).

He was also acutely aware of the horrible history of fiat paper money (like the dollar).

The dollar itself is an instrument of credit as all fiat is.

I think of the Confederation, where the economic pressure became so great that an extra-constitutional coup took place to create the Constitution, and implicitly, the fiat Dollar that we live with to this day.

Since the media has recently found interest in the prospect of the dollar being devalued, I thought this would be a good time to summarize the historical facts surrounding our fiat currency.

Furthermore, I would posit that the dollar HAS collapsed since the introduction of the federal reserve and fiat funny money.

Phillip: «Furthermore, I would posit that the dollar HAS collapsed since the introduction of the federal reserve and fiat funny money.

Furthermore, one can see the surges in bank credit accompanying these periods and tie them to specific policy moves by the authorities: The Treasury stimulated inflation in the early 1900s; the Fed deliberately inflated in the roaring 1920s to take the pressure off the British pound (which had been devalued during World War I); the Roosevelt administration took the reins off inflation by debasing the gold - content of the dollar in 1933; zealous money printing in the 1960s led to the inevitable collapse of the Bretton Woods system (and complete fiat money was born); money printing continued apace with Alan Greenspan in the 1990s and, following the dot - com crash, into the 2000s.

I am myself a libertarian in large part because of what happened on the evening of Sunday, 15 August 1971, when I watched Richard Milhous Nixon announce that by executive order he was «temporarily» closing the gold window (ain't nothing so permanent as a «temporary» government measure) to divorce the U.S. dollar from the last vestige of even a fiction of specie convertibility, thereby opening the sluices to the present flood of fiat currency inflation.

They print bills, and auction them off in exchange for dollars, pay their public employees in this currency (let's ignore the minimum wage), and demand taxes and land payments in this fiat currency, as well as demand a minimum wage from the companies in their pseudo-governmental system, and generally establish this fiat legal tender as the currency of choice for their people, eventually stamping out the dollar.

These exchanges are no longer niche, and can make millions of dollars in bitcoin each day without introducing fiat into their ecosystem.

This pales in comparison to the trillions of dollars in global fiat currency supply.

At the Cato Institute's «The Policy Challenges of a Decentralized Revolution» in Washington D.C. on Tuesday, Patrick Byrne confirmed that the island nation of the Barbados has indeed ran trials hosting their local fiat currency, the Barbadian Dollar (pegged at $ 0.50 / 1 - dollar), on a blockchain equivDollar (pegged at $ 0.50 / 1 - dollar), on a blockchain equivdollar), on a blockchain equivalent.

These websites also let you convert that Bitcoin back to US dollars or your fiat currency of choice.

You can deposit cryptocurrency or fiat currency — both US dollars (USD) and Russian rubles (RUB) are accepted — and then buy or sell cryptos for a maximum transaction fee of 0.2 %.

The company initially allowed the use of US dollars as fiat exchange.

«If actors compromise an exchange itself (as opposed to an individual account or wallet) they potentially can move cryptocurrencies out of online wallets, swapping them for other, more anonymous cryptocurrencies or send them directly to other wallets on different exchanges to withdraw them in fiat currencies such as South Korean won, US dollars, or Chinese renminbi,» McNamara wrote, adding:

Besides earning bitcoin directly from selling goods and services or just relying on the kindness of the web, the most common way for people to fill their bitcoin wallets is by trading fiat currency like Rands or Dollars for cryptocurrency via exchanges like BitX or Coinbase.

To help safeguard against bitcoin's volatility, many members use Uphold to instantly move between bitcoin and into one of the more stable fiat currencies, such as the U.S. Dollar or the Japanese Yen.