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Thread: What if

  1. #1
    Great Value Carrots Norweger's Avatar
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    What if

    Bitcoin is the currency of the new world order.

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  3. #2
    Iridium
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    Re: What if

    could be. goldman recently announced they would provide clearing for it

  4. #3
    Iridium
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    Re: What if

    http://www.zerohedge.com/news/2017-1...chs-connection

    ......the settlement prices of these new CME Bitcoin futures are based on calculations by a private London-based company whose founder and sole director is from Goldman Sachs.

    As a reminder, this is the same Goldman Sachs which Matt Taibbi described as follows, coincidentally also in 2009:






    "The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

    This is also the same Goldman Sachs, whose alumni currently occupy positions in the most powerful financial positions in the world, positions such as US Secretary of the Treasury (Steven Mnuchin), President of the European Central Bank (Mario Draghi), Governor of the Bank of England (Mark Carney), and President of the Federal Reserve Bank of New York (Bill Dudley).

    The Fix is In: CME Bitcoin Futures

    One key feature that stands out when glancing at the contract specs of these soon to be launched CME Bitcoin futures contracts is that they will be cash-settled based on a “CME CF Bitcoin Reference Rate (BRR)”

    A recent CME press release elaborates:






    “CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.



    Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time.



    The BRR is designed around the IOSCO Principles for Financial Benchmarks.



    Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute the pricing data for calculating the BRR.”

    A reference rate / benchmark calculated in the City of London that is used as a basis for the settlement of multi-billion dollar financial contracts. Wait, where have we heard that before?

    The CME web site also helpfully hosts a methodology document for this Bitcoin Reference Rate (BRR), but which strangely has very little mention of CME, and a lot of citations to Crypto Facilities Ltd

  5. #4
    Bitcoin Miner Ares's Avatar
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    Re: What if

    I've thought about that too. But I keep going back to the blockchain being publicly accessible to all. Anyone who downloads a full node and runs the core client has the full blockchain (ledger).

    The too big to jails don't work that way. Look how the Federal Reserve fights congress anytime an Audit is mentioned. They like us to keep our financial dealings public, while they keep theirs private. Bitcoin and crypto currencies in general level the playing field to keep all transactions in the public.

    Time will tell one way or another.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

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  7. #5
    Sardonic Observer Jewboo's Avatar
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    Re: What if

    Quote Originally Posted by Ares View Post
    I've thought about that too. But I keep going back to the blockchain being publicly accessible to all. Anyone who downloads a full node and runs the core client has the full blockchain (ledger).

    The too big to jails don't work that way. Look how the Federal Reserve fights congress anytime an Audit is mentioned. They like us to keep our financial dealings public, while they keep theirs private. Bitcoin and crypto currencies in general level the playing field to keep all transactions in the public.

    Time will tell one way or another.
    http://gold-silver.us/forum/showthread.php?97546-When-Bitcoin-bursts-it-will-be-disastrous%92-To-Hit-40k-to-100k-in-2018&p=917614&viewfull=1#post917614


    Truth is chased from many villages.

  8. #6
    Bitcoin Miner Ares's Avatar
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    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

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