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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (137747)12/31/2017 9:28:22 PM
From: Elroy Jetson  Respond to of 217593
 
Australia has long held a very dim view of financial bubbles. If you're a punter there are casinos available which won't disrupt the financial stability of the economic system.

I'm sure it's not lost on you that most New Zealand banks are subsidiaries of Australian banks. Check your latest online "Account Terms and Conditions".

Australia will protect you dimwitted Kiwis from yourselves.

New Zealand is a country of thirty thousand million sheep, three million of whom think they are human.” - Barry Humphries

"Never be afraid to laugh at yourself, after all, you could be missing out on the joke of the century." - Barry Humphries




To: Maurice Winn who wrote (137747)1/3/2018 8:41:24 PM
From: TobagoJack  Read Replies (1) | Respond to of 217593
 
re <<People should not be surprised that governments conduct war against competing monetary methods.>>

... surprise surprise

reuters.com

China central bank can tell local governments to regulate bitcoin miners' power use: sourceBEIJING (Reuters) - China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said.

FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo

While the People’s Bank of China (PBOC) can’t directly regulate bitcoin miners’ power usage, it can ask local authorities to do so, the central bank told members of the Leading Group of Beijing Internet Financial Risks Remediation at a meeting at the end of 2017, the source said.

Experts say China is one of the world’s biggest sources of bitcoin mining, where miners solve complex mathematical puzzles with computers in order to be awarded virtual coins. The intensive use of computers for bitcoin mining has boosted demand for electricity.

In September China ordered all initial coin offerings to cease and all cryptocurrency trading exchanges to be shuttered with the aim of containing financial risks. Bitcoin miners have feared that they could be the next target.

At the meeting, the PBOC said development of bitcoin mining will be limited, according to the source, who declined to be named as he is not authorized to speak on the matter.

The PBOC could not be reached for immediate comment outside business hours.

Reporting by Ryan Woo and Beijing Newsroom; editing by Jason Neely