Deleting three zeros from currency

[fib1618]

If it sounds too good to be true...................

[fib1618]

.............

I just read this in the forums and had a good chuckle....

"For those who think a post war revaluation of the economy and currency would never and has never happened I would have loved to been around after WWII with a few extra thousand to drop in post war Japanese and German currency."

Didn't happen. Those sitting on cash in Germany actually took a little haircut. Do a little research and quit listening to okie.

[Darin]

.............

I just read this in the forums and had a good chuckle....

"For those who think a post war revaluation of the economy and currency would never and has never happened I would have loved to been around after WWII with a few extra thousand to drop in post war Japanese and German currency."

Didn't happen. Those sitting on cash in Germany actually took a little haircut. Do a little research and quit listening to okie.

You bored down here? Talking to yourself it seems.

 

I think I'll stir the pot with you a little bit. Remember when you asked about a r/v over "x" amount of %? Well remember when we were arguing over BTC? Hit 250, crashed down to under 100.... (I think it hit as low as 60...) Well now it's over 400 and climbing.

 

You may not see it as a currency, but it sure is used like one. FinCEN respects it...

 

Even when we were arguing about it, it was still a reasonably decent time to buy in & flip for some profit.

 

Wonder if we could be saying the same thing in a couple of months.

[fib1618]

You bored down here? Talking to yourself it seems.

I think I'll stir the pot with you a little bit. Remember when you asked about a r/v over "x" amount of %? Well remember when we were arguing over BTC? Hit 250, crashed down to under 100.... (I think it hit as low as 60...) Well now it's over 400 and climbing.

You may not see it as a currency, but it sure is used like one. FinCEN respects it...

Even when we were arguing about it, it was still a reasonably decent time to buy in & flip for some profit.

Wonder if we could be saying the same thing in a couple of months.

I was looking at bitcoin back when it was at $15. Kinda wish I had pulled the trigger on some. I'd be banking profits into this insane run it's on right now. There's a big herd of idiots that will get stuck "holding the bag" when that thing implodes. Stay tuned.

Here's line 54 of the bitcoin code............................

: static const int64_t MAX_MONEY = 21000000 * COIN;

So when 21,000,000 bitcoins isn't enough, the programmers can just increase it? How convenient. Where have we seen this scam before??

Zzzzzzzz

[Darin]

I was looking at bitcoin back when it was at $15. Kinda wish I had pulled the trigger on some. I'd be banking profits into this insane run it's on right now. There's a big herd of idiots that will get stuck "holding the bag" when that thing implodes. Stay tuned.

Here's line 54 of the bitcoin code............................

: static const int64_t MAX_MONEY = 21000000 * COIN;

So when 21,000,000 bitcoins isn't enough, the programmers can just increase it? How convenient. Where have we seen this scam before??

Zzzzzzzz

 

Hindsight is always 20/20, right?

 

Its a trend that doesn't seem to want to die, even with copy-cats in existence. I check it every now & than...

I'd imagine once they create their last coin & hit 21M, the value will sky rocket.. Once the bubble breaks, I would believe it to be game over.

The idea of it will die, to an extent but this could be something similar to the Napster of the internet.

Bringing forth a new idea that is more commonly used today than we think, online file sharing.

[zigmeister]

Huh!  I have been way out of the loop, what is a bitcoin?

[fib1618]

.

Edited November 15, 2013 by fib1618

[fib1618]

A very knowledgeable poster on another site..set me straight on this bitcoin thing...

Jrg says...

"Alas fib has fallen into the very trap he usually tries to warn others away from, which is coming to a conclusion on little if no real understanding. That constant is (in current code) line 53 of main.h . It is NOT imposing a limit on the number of Bitcoins that exist but reflecting the limit of the number that are theoretically possible. That number is not know exactly, we just don't have the math to be able to figure it out, but an upper bound can be computed and that is 21M coins. That limit is fundamental to the encryption codes and algorithm used and can not be changed with out invalidating all existing Bitcoins. i.e. this would be making a new currency Bitcoin2 say, but the original Bitcoins would remain and be limited to under 21M coins."

...................

I'm stepping away for a few months.

Go lop.

[boomer113189]

Indonesia moves closer to issuing redenominated notes in 2014

After many years of discussion, according to this article dated 22 July 2013, it appears Bank Indonesia is moving closer to issuing redenominated notes on 1 January 2014. The new notes retain the same color schemes and depict the same people as the existing notes, although the portraits are redesigned and  three zeros  have been removed from the denominations. The new and old notes will circulate in parallel, and the old notes will remain valid for up to 10 years. The plan still awaits approval from the House of Representatives. 

[dontlop]

I'm still getting a kick out of the folks that think the auctions are reducing the money supply.

The university economics professor I talked to a week ago laughed out loud when I told him about that. He said you guys are a bunch of idiots.

This dog will NEVER rv... I guarantee it. .....................

When they LOP you people be selling this garbage back to the dealers for $500 to $600 per million.... Just watch.

.................

Have a wonderful day.

Wow a professor

Obamas a professor too

Is Obama right all the time

Professor

Lol

If your getting a educAtion why are you here

Your college professor doesn't know the differance between his xxx and a hole in the ground

He only knows what they want or allow him to know he was educated at that level and will never reach any higher level of intelligence

College professor means brain washed and programmed

Did he teach you to hang around a bunch of losers and make fun of their loss

Maybe he can teach you to make fun of others too

Did you tell him how you spend your days

Did you tell him you hang around those idiots daily for years

You tell your professor I think he's an idiot too

[keepmwlknfny]

Wow a professor

Obamas a professor too

Is Obama right all the time

Professor

Lol

If your getting a educAtion why are you here

Your college professor doesn't know the differance between his xxx and a hole in the ground

He only knows what they want or allow him to know he was educated at that level and will never reach any higher level of intelligence

College professor means brain washed and programmed

Did he teach you to hang around a bunch of losers and make fun of their loss

Maybe he can teach you to make fun of others too

Did you tell him how you spend your days

Did you tell him you hang around those idiots daily for years

You tell your professor I think he's an idiot too

So his professor is an idiot for understanding what the purpose of the currency auctions are for?? Or should I say what they are not for.....

 

Dont know why you are taking that so personal unless he bursted your bubble on what the auctions are about lol.....if you know what they are for, you shouldnt feel any which way the need to get defensive. Maybe you need a break?

[dontlop]

Hey but munch is fib your name ?

You need to keep your nose out of other people's business

How's that keep

You probably are fib too

How many names do you use????

You seem to respond to a lot it conversations addressed to names other than yours

[sandfly]

THANKS

[boomer113189]

SocalDinar    

 

http://dinarvets.com/forums/index.php?/topic/165867-economic-parliamentary-raise-zeros-from-the-iraqi-currency-strengthens-and-raises-the-value-of-dinar/

 

 

this is an Redenomination article.   i hope now you see that this is what i have been  talkinjg about for a long time.

 

there are countries engaged in the process of lifting the zeros and achieved success on the economic side. 

 

 

 

[boomer113189]

it also says other countries have lifted three zeros and had economic success. if you want to know what other countries have deleted three zeros look no further then my threads you will find out all you need to know

Edited November 17, 2013 by boomer113189

[SocalDinar]

vomer , SocalDinar , jg1 , dontlop , yota691 , JMULS31 , caz1104 , easyrider , dinarbeleiver , DinarThug  ,

 

 

none of these guys can provide a document or article about deleting of the three zeros that means a RV . 

 

they all think there will be a massive rv before the RD.   LOL    

Thats because that document does not exist Boomer. We all know that.

Show me where i have said deleting the zeroes is a good thing.

Years ago i may have fell prey to that but that was long ago .

You guys are all about research so you might not just want to throw us all in the same boat.

[SocalDinar]

I was looking at bitcoin back when it was at $15. Kinda wish I had pulled the trigger on some. I'd be banking profits into this insane run it's on right now. There's a big herd of idiots that will get stuck "holding the bag" when that thing implodes. Stay tuned.

Here's line 54 of the bitcoin code............................

: static const int64_t MAX_MONEY = 21000000 * COIN;

So when 21,000,000 bitcoins isn't enough, the programmers can just increase it? How convenient. Where have we seen this scam before??

Zzzzzzzz

Just like the dollar will collapse eventually.

Thats why I have been accumulating property while its been down. Just hope that they will keep being able to pay the rent.

If the IQD lops and we get $500 for  a million IQD  it will still be found money for me.  Been selling my old crap on Ebay for years. Everything I sell I get for FREE.

Old electrical equipment mostly. So i have plenty of Winged bull wallpaper I've picked up along the way for free . If Im able to get 50 cents on a free dollar Ill be happy.

I have 2 business's which make pretty darn good money so you guys dont have the market on business savy cornered. Just did a 100K job that cost me 20 K.

Thats a pretty good margin dont you think? My invention which I sell at all 80 Camping world stores makes about 140 % margin not bad.

I have been self employeed for over 20 Years. Not many here can say the same. Takes hard work, determination and guts to run your own business.

Its easy to get up and work 9 to 5 on some elses nickel.

[SocalDinar]

 

SocalDinar    

 

http://dinarvets.com/forums/index.php?/topic/165867-economic-parliamentary-raise-zeros-from-the-iraqi-currency-strengthens-and-raises-the-value-of-dinar/

 

 

this is an Redenomination article.   i hope now you see that this is what i have been  talkinjg about for a long time.

 

there are countries engaged in the process of lifting the zeros and achieved success on the economic side. 

 

 

 

I just posted the article good or bad.. Show me where I say this is an RV in this thread. In fact if you bother to read the entire thread  I state clearly that all this is saying is another year without an RD if this article is correct.  Is that incorrect?  Is that calling this a good thing. Just lame that people read only what they want to see so they can pat themselves on the back.

Go Save the world Boomer. You are doing a fine job.

[boomer113189]

lol @ people STILL thinking deletion of zeros = Big RV

[SocalDinar]

boomer113189

 

 

 

I accept your apology I know its hard for you to admit you were wrong about my thoughts on deleting the three zeroes.

 

And thank you for your service. A boomer is a tough job.

[boomer113189]

yeppers both the old and new CBI govs want to redenominate the iraq currency there just waiting for the right time to implement the change

[SocalDinar]

yeppers both the old and new CBI govs want to redenominate the iraq currency there just waiting for the right time to implement the change

Boomer. This article says the time is not right.  I know you think the IQD is overvalued but can you tell us why when they have the reserves to back their currency 250%.  We know the US can not back the dollar. Not even close.

 

Central Bank denies reported delete the zeros 18 تشرين الثاني 2013 November 18, 2013

 

 

He denied the CBI informed the parliamentary Finance Committee to delete the zeros from the Iraqi currency early next year 2014.

The bank said that "such a time is Matrouh," noting that "such a project is done through coordination with the government and relevant institutions."

He pointed out that "promises the cream on his public informed of any measures related to the scope of responsibility of the central bank, including this important topic," calling on officials to contact him "to obtaining accurate information before putting things like this on the public Quran."

. He was a member of the Finance Committee parliamentary Abdul Hussein al-Yasiri has said that "the bank told the committee that he would try to raise zeros from the currency beginning in 2014."

Yasiri said that "the application of the decision to lift the zeroes will contribute significantly to reducing the blocs cash to quarter, which coincides with the increase in the value of the Iraqi dinar," noting that "the central bank demands to speed up the application of the decision to lift the zeros, in order to reduce the problems that occur due to the continued trading of the current currency" .

http://translate.goo...Pm4SLZRQqooqGdg

 

[zigmeister]

A very knowledgeable poster on another site..set me straight on this bitcoin thing...

Jrg says...

"Alas fib has fallen into the very trap he usually tries to warn others away from, which is coming to a conclusion on little if no real understanding. That constant is (in current code) line 53 of main.h . It is NOT imposing a limit on the number of Bitcoins that exist but reflecting the limit of the number that are theoretically possible. That number is not know exactly, we just don't have the math to be able to figure it out, but an upper bound can be computed and that is 21M coins. That limit is fundamental to the encryption codes and algorithm used and can not be changed with out invalidating all existing Bitcoins. i.e. this would be making a new currency Bitcoin2 say, but the original Bitcoins would remain and be limited to under 21M coins."

...................

I'm stepping away for a few months.

Go lop.

http://www.bbc.co.uk/news/technology-24986264

 

19 November 2013 Last updated at 11:32 ET

'Legitimate' Bitcoin's value soars after Senate hearing

The value of virtual currency Bitcoin has soared to over $900 (£559), after a US Senate committee hearing.

The committee was told that virtual currencies were a "legitimate financial service" with the same benefits and risks as other online payment systems.

The Homeland Security and Governmental Affairs Committee is exploring the "promises and risks" of Bitcoin for "government and society at large".

The currency has more than trebled in value since October.

Fear and confusion

The US Senate hearing was prompted by the closure of the Silk Road website in October. The site, which sold drugs and other illegal goods, was shut down by the FBI.

Users of the site were required to pay for their transactions using bitcoins.

Representatives from the Department of Justice and financial regulator the Securities and Exchange Commission have been asked to provide their views about virtual currencies to the committee and submissions have been received from the FBI and the US Federal Reserve.

"Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us," the chair of the committee, Senator Thomas Carper, said in opening remarks.

The FBI, in a letter to the committee released on Sunday, said that it recognised virtual currencies offered "legitimate financial services" but they could be "exploited by malicious actors".

Mythili Raman, the head of the Justice Department's Criminal Division, told the committee: "We have seen increasing use of such currencies by drug dealers, traffickers of child pornography, and perpetrators of large-scale fraud schemes."

Mainstream acceptance

Jerry Brito, senior research fellow at George Mason University told Bloomberg: ''Two years ago it was alarm when Silk Road first came on the scene.

''Since then, Congress has been educating itself and understands that there are great potential benefits, and like any new technology there are going to be some challenges. But they see there is a balance to be struck here and they are generally positive on the technology," he said.

Trade in Bitcoin is small compared with that in countries' official currencies. But since its creation in 2008, Bitcoin has become a popular way to pay for things online. There are currently more than 12 million bitcoins in existence according to Bitcoincharts, a website that provides financial information about the currency.

On one exchange site, Mt. Gox, the value of the currency rose to $900 (£559) on Monday before falling back to $727 (£452). This compares with a price of $200 (£124) in late October.

The closing down of Silk Road and hearings in front of US government committees have led some to believe that prices are increasing as investors think Bitcoin will gain more mainstream acceptance.

"Lots of factors are driving the price action in Bitcoin, including pure speculation," said Garrick Hileman, an economic historian at the London School of Economics.

"Regulatory interest in Bitcoin also traditionally has a positive effect on the price of Bitcoin," he added.

Jan Lambregts, head of financial market research at Rabobank, which does not trade in Bitcoin, said regulators were right to get involved.

"Looking at it from a distance, it very much looks like it could be a speculative bubble. It's a small market, with a lot of interest in it, which is inflating and distorting the price," he said.

"But you can see the concerns for governments - this is a currency outside their normal domain and which is not influenced by central banks.

"It may all be relatively small-scale now, but decisions taken now could have wider repercussions were such virtual currency experiments to be expanded in the future," he added.

Some have questioned whether trading in Bitcoin is insufficiently transparent and therefore easier to use for illegitimate means. Patrick Murck, from the Bitcoin Foundation, which promotes the use of the currency, told the BBC that the network was very open and everybody could see every transaction that happened.

"I would challenge that it's for illegitimate use or bad actions. What we're finding is not that it's a haven for illegitimate activities but that there are many legitimate uses," he said.

Whatever people are using Bitcoin for, Mr Brito thinks it's here to stay.

"These hearings mean Bitcoin is finally coming into its own," he said.

"It's a real thing and it's not going anywhere and these hearings highlight that."

 

 

[dontlop]

Thats because that document does not exist Boomer. We all know that.Show me where i have said deleting the zeroes is a good thing.Years ago i may have fell prey to that but that was long ago .You guys are all about research so you might not just want to throw us all in the same boat.

He doesn't use his brain very well

So he thinks he can just make things up about others

[zigmeister]

Boomer. This article says the time is not right.  I know you think the IQD is overvalued but can you tell us why when they have the reserves to back their currency 250%.  We know the US can not back the dollar. Not even close.

 

Central Bank denies reported delete the zeros 18 تشرين الثاني 2013 November 18, 2013

 

 

He denied the CBI informed the parliamentary Finance Committee to delete the zeros from the Iraqi currency early next year 2014.

The bank said that "such a time is Matrouh," noting that "such a project is done through coordination with the government and relevant institutions."

He pointed out that "promises the cream on his public informed of any measures related to the scope of responsibility of the central bank, including this important topic," calling on officials to contact him "to obtaining accurate information before putting things like this on the public Quran."

. He was a member of the Finance Committee parliamentary Abdul Hussein al-Yasiri has said that "the bank told the committee that he would try to raise zeros from the currency beginning in 2014."

Yasiri said that "the application of the decision to lift the zeroes will contribute significantly to reducing the blocs cash to quarter, which coincides with the increase in the value of the Iraqi dinar," noting that "the central bank demands to speed up the application of the decision to lift the zeros, in order to reduce the problems that occur due to the continued trading of the current currency" .

http://translate.goo...Pm4SLZRQqooqGdg

Touche Socal.  One can only wonder why the articles the CBI states it is not ready to RD/lift zero's, that in itself is problematic in that, when a country plans to delete zero's by early 2014, they have skipped their education system for the people.  It is one thing to state you are going to do it, maybe and doing it.  Informations is important.