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Wall Street Successfully Recreated As P2P Software: See the Argentinian Default Trade Bear Fruit Through Bitcoin
On July 30th, I posted "Using Veritaseum's UltraCoin To Take Direct, Specific Positions On The Argentine Default For As Little As $5!"
One month later we find Argentina's reserves are diminishing from their second default in 20 years, putting material pressure on the peso just as we anticipated:
For a trade as small as $5 or as large as $1 million, it would have paid off. This is the NEW power of bitcoin, and bitcoin smart contracts. It appears as if many don't understand the significance of this Veritaseum invention, but now everybody who has a computer or smart phone essentially has the same power at hand that Goldman Sachs or JP Morgan does when it comes to financial trades and deals.
This CNBC/Max Keiser video clip is now so appropo!
Now, all you need is the know how, which my team and I have provided in abundance over the years...
Go to the 4:00 mark...
Click here to download the UltraCoin quick start tutorial and illustrative trades. Click here to download the UltraCoin client.
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what's this article about Reggie?!
looks like a Bitcoin Promo.. thought it was financial about the Argies by the headline but nope, that's a misleader aside to Bitcoin trading
Let me explain it for you. It's an article that proves technology that was built off of the Bitcoin blockchain can, and has, successfully replicated what was once the purview of only big (or specialist) investment banks and brokerages.
I guess the mention of the word "bitcoin" threw you off, but if you were paying attention, you could have actually profited from the "telegraphed" Argentinian default with nearly any amount of money, without using a bank, a brokerage or an exchange.
I do hope you find that as newsworthy.
Reggie...
I am trying to get my head around it... so...
Would the following be a good summary for your creativity ???
Ultra Coin is an Internationally Open Peer to Peer Swap Engine Platform That Matches & Connects Opposing But Similar Market Participants With Custom Designed Legal Economic Time Binding Investment/Speculative Trading Contracts Utilizing Bit Coin As The Base Value of Exchange.
Close... Missing... ??
thanks for your patience... Edgey... :o)
Sounds long and complex, but descriptive.
like your headlining
it wasn't Bitcoin in the headline that threw me Reg ..it was all the other gubbins from Wall Street to Argentina!!
some of us have 3 brain cells working at maximum capacity (for limited periods) and can't retain more than 5 or 6 various material discriptions in a headline before losing the earlier ones ..and the plot!
I'm not going to ask you to shorten them as you're a long headline freak and i'd be waisting my breath ..i'll just mention it from time to time and bug you ok
Peace & Love
PS. if the Bitcoin trade was good for your followers very well done Reg
I see we have to work on changing the way you view things. It was not a "bitcoin trade". It was an Argentinian peso short.
If you bought Apple stock in 2007, in the US, would that have been considered a USD trade or an Apple stock purchase? See what I mean? The mere mention of the word "bitcoin" prejudices people, but the fact of the matter is this technology is beyone groundbreaking.
As you can see from the post above, we have LITERALLY and with REAL TIME PROOF shown that what people pay small to medium fortunes to Wall Street for can be encapsulated in software and done though a near free distributed ledger over the Bitcoin blockchain. If you think AOL had a hard time dealing with the Internet, you ain't seen nothing yet. Imagine the banks with Bitcoin in ten years!
Thank you, btw! :-)
Bitcoin blockchain indeed ...but isn't it Apple and Google, soon to step into electronic money, and with their market numbers are going to slaughter the antiquated bankers, and probably Bitcoin too