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      "body": "Congratulations @jcorp! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jcorp/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jcorp) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=jcorp)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-community-has-lost-an-epic-member-farewell-woflhart\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmQWnM36SWCPGn98nY83M1ArgweMz5fnovQEp2E4FiDdug/Wolfhart_header.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-community-has-lost-an-epic-member-farewell-woflhart\">The Steem community has lost an epic member! Farewell @woflhart!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://jaytaylormedia.com/why-governments-will-not-ban-bitcoin/",
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      "body": "Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin.\n\nTo really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will illuminate the political and financial power wielded by the owners of the asset class.\n\nAnd once we know what sort of political/financial power is in the hands of those owning the asset class, we can predict the limits of political restrictions that can be imposed on that ownership.\n\nAs an example, consider home ownership, i.e. ownership of a principal residence. Home ownership topped out in 2004, when over 69% of all households \"owned\" a residence. (Owned is in quotes because many of these households had no actual equity in the house once the housing bubble popped.)\n\nThe rate of home ownership has declined to 63%, which is still roughly two-thirds of all households. Clearly, homeowners constitute a powerful political force. Any politico seeking to impose restrictions or additional taxes on homeowners has to be careful not to rouse this super-majority into political action.\n\nBut raw numbers of owners of an asset class are only one measure of political power. Since ours is a pay-to-play form of representational democracy in which wealth buys political influence via campaign contributions, philanthro-capitalism, revolving doors between political office and lucrative corporate positions, etc., wealth casts the votes that count.\n\nI am always amused when essayists claim \"the government\" will do whatever benefits the government most. While this is broadly true, this ignores the reality that wealthy individuals and corporations own the processes of governance.\n\nMore accurately, we can say that government will do whatever benefits those who control the levers of power most, which is quite different than claiming that the government acts solely to further its own interests. More specifically, it furthers what those at the top of the wealth-power pyramid have set as the government's interests.\n\nWhich brings us to the interesting question, will governments ban bitcoin as a threat to their power? A great many observers claim that yes, governments will ban bitcoin because it represents a threat to their control of the fiat currencies they issue.\n\nBut since government will do whatever most benefits those who control the levers of power, the question becomes, does bitcoin benefit those holding the levers of power? If the answer is yes, then we can predict government will not ban bitcoin (and other cryptocurrencies) because those with the final say will nix any proposal to ban bitcoin.\nWe can also predict that any restrictions that are imposed will likely be aimed at collecting capital gains taxes on gains made in cryptocurrencies rather than banning ownership.\n\nSince the wealthy already pay the lion's share of federal income taxes (payroll taxes are of course paid by employees and employers), their over-riding interests are wealth preservation and capital appreciation, with lowering their tax burdens playing third fiddle in the grand scheme of maintaining their wealth and power.\n\nIndeed, paying taxes inoculates them to some degree from social disorder and political revolt.\n\nI was struck by this quote from the recent Zero Hedge article A Look Inside The Secret Swiss Bunker Where The Ultra Rich Hide Their Bitcoins:\n\nXapo was founded by Argentinian entrepreneur and current CEO Wences Casares, whom Quartz describes as \"patient zero\" of bitcoin among Silicon Valley’s elite. Cesares reportedly gave Bill Gates and Reed Hoffman their first bitcoins.\n\nTheir first bitcoins. That suggests the billionaires have added to their initial gifts of BTC.\n\nThe appeal to the wealthy is obvious: any investment denominated in fiat currencies can be devalued overnight by devaluations of the currency via diktat or currency crisis. Bitcoin has the advantage of being decentralized and independent of centrally-issued currencies.\n\nI submit that not only are the wealthy the likeliest buyers of bitcoin for this reason, they are the only group that can afford to buy a bunch of bitcoin as a hedge or speculative investment. Lance Roberts of Real Investment Advice recently produced some charts based on the Federal Reserve's 2016 Survey of Consumer Finances (SCF) report-- Fed Admits The Failure Of Prosperity For The Bottom 90%.\n\nPut another way: how many families can afford to buy a bunch of bitcoin?\n\nHere is a chart of median value of family financial assets: note that this is far below the 2000 peak and the housing bubble of 2006-07:\n![assets-family1017a.png](https://steemitimages.com/DQmYJP59ouQesPGEKwdxubSwQaWbHjyxD8txeuwBTQ9DSJ4/assets-family1017a.png)\nHere is mean family financial assets broken out by income category: note that virtually all the gains have accrued to the top 10%, whose net worth soared from $1.5 million in 2009 to over $2.2 million in 2016, a gain of $700,000.\n![assets-family1017b.png](https://steemitimages.com/DQmchCFmSUHZ1DPRH9QWoi771wk1uW11dkdCSDevvhFZLn8/assets-family1017b.png)\nThe Fed's 2016 Survey of Consumer Finances is a treasure trove of insights into wealth and income inequality in the U.S. Here are the highlights: Changes in U.S. Family Finances from 2013 to 2016.\n\nAs you'd expect, the report starts off on a rosy note: GDP rose by 2.2% a year, unemployment declined to 5%, and the median family income rose 10% between 2013 and 2016.\n\nBlah blah blah. Meanwhile, on page 10, it's revealed that the top 1% receives 24% of all income, and the families between 90% and 99% receive 26.5%, for a total of 50.5% of all income flowing to the top 10%.\n\nThe top 1% owns 38.6% of all wealth, and the families between 90% and 99% own 38.5%, so the top 10% owns 77% of total wealth.\n\nOn page 13, we find that the total median net worth of all families between 40% and 60% went from $57,000 to $88,000, a gain of $21,000, while the median net worth of families in the 60% to 80% bracket rose from $166,000 to $170,000, a grand total of $4,000.\n\nMeanwhile, back in La-La Land, the median net worth of the top 10% soared by $468,000, from $1.16 million to $1.62 million.\n\nWhich family has the wherewithal to buy a bunch of bitcoin at $5,900 each as a hedge or investment, the one that gained $4,000 in net worth, the one that gained $21,000 in net worth or the one that gained $468,000?\n\nYou see the point: the likely buyers of enough bitcoin to count are the politically powerful financial elite. If any politico was foolish enough to propose banning bitcoin, a few friendly phone calls from major financial backers would be made to impress upon the politico the importance of blockchain technology and cryptocurrencies to the U.S. economy.\n\nHeck, the financial backer might just suggest that all future campaign contributions to the politico will be made in bitcoin to drive the point home.\n\nMy vision of cryptocurrency, laid out in my book A Radically Beneficial World: Automation, Technology & Creating Jobs for All, is of a truly decentralized currency that directly funds work that addresses scarcities in localized community economies. The reality of existing cryptocurrencies is that they are probably being snapped up for buy-and-hold storage by the wealthy.\n\nThose who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are buying enough bitcoin to matter.\n(SOURCE): http://www.zerohedge.com/news/2017-10-23/why-governments-will-not-ban-bitcoin",
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      "author": "emonnaim01",
      "body": "i like your post .... follow me and upvote my post",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cryptosumer.com/2017/10/17/the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/",
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      "body": "Somewhere in the mountains near Switzerland’s Lake Lucerne lies a hidden underground vault containing a vast fortune.\n\nIt’s no ordinary vault, according to Quartz. Built inside a decommissioned Swiss military bunker dug into a granite mountain, it’s precise location is a closely guarded secret, and access is limited by myriad security precautions.\n\nBut instead of gold bars, the bunker contains hard drives on which customers’ bitcoins are being kept in what’s call “cold storage” – i.e. the owners’ private keys are protected by an air-gapped hard drive. The vault is one of many operated by Xapo, an early bitcoin company known for its cold storage wallet products and a debit card that pays for transactions in digital currencies.\nhttps://youtu.be/p1y1dkMnAkE\nThe company won’t disclose how much bitcoin is stored in the vault, but one employee who spoke with Quartz said he sometimes takes customers with millions of dollars in bitcoin on tours of the vaults where their fortune is stored. Xapo was founded by Argentinian entrepreneur and current CEO Wences Casares, whom Quartz describes as “patient zero” of bitcoin among Silicon Valley’s elite. Cesares reportedly gave Bill Gates and Reed Hoffman their first bitcoins.\n![2017.10.17swisstwo_0.JPG](https://steemitimages.com/DQmRMSFSvfBVj3amhWpu8mZoJ7rBFbRyVvnuNrEpVXP2SBb/2017.10.17swisstwo_0.JPG)]\n\n\nAs Quartz explains, the bitcoin vault doesn’t store actual bitcoin units. Instead, what’s being stored are the owners’ private cryptographic keys that allow the owner to access and transfer his or her bitcoins by matching the key with a public key that’s used to identify the coin on the blockchain. Gaining unauthorized access to someone’s private keys is akin to making off with a gold bar.\nhttps://www.youtube.com/watch?v=rRCyMtU0dMs#action=share\nThe inexorable rise in bitcoin’s valuation has been marred by notable hacking incidents like the collapse of Mt. Gox, which ushered in the longest bear market in bitcoin’s history. Security fears appear to have subsided as bitcoin’s price has soared to all-time highs, but incidents like the collapse of the DAO have inspired investors with substantial bitcoin wealth to look into protecting it.\nTo store the coins, Xapos contracts Deltalis, the company that technically operates the 10,000-square-foot data-center that now inhabits the decommissioned bunker.\n\n    Server racks for banks, and any client who needs secure data processing, fill a cavity dug over 320 meters deep in the granite mountain. The Swiss military built the facility in 1947, and it served as the army’s secret headquarters during the Cold War, Agence-France Presse has reported. Inside, walls covered with detailed maps and ancient radio electronics serve as vestiges of its military past.\n\nTo enter Xapo’s private vault in the Deltalis data center, visitors must endure an exhausting series of security procedures.\n\n    Streiff leads us to a concrete facade jutting out of the mountainside, the bunker’s entrance. We step through about a foot of concrete and enter the lobby. I sign in as I would at any office building, except I also have to present my fingerprints and be photographed. After that I step through a “man-trap”—a phone booth-sized cylinder made of bullet-proof glass that shuts me in until an operator opens the door on the opposite side.\n\n     \n\n    Once through the man-trap, we touch our ID cards and pass through a set of steel revolving doors, then walk down a 100-meter long passageway through the granite. At the end of the passageway are two red steel doors that I’m told can survive a nuclear blast. Streiff invites me to try to close one—my 90 kg (198 pound) frame can’t budge it. “They’re closed every night,” he tells me, showing me how to hang off the handle and use his body’s momentum to gradually swing it shut.\n\n     \n\n    Streiff and Kon are taking me to see Xapo’s “private suite,” an ultra-secure, customized, portion of the data center. We pass through a second man-trap and then end up in front of a nondescript white door. “This is further than anyone outside Xapo has been,” Streiff tells me, as he unlocks it. Inside is a space about the size of a walk-in closet containing a cooling unit, and yet another door. But that’s as far as they’ll let me go, and I’m not allowed to take photographs.\n\nSecurity is similarly tight inside the vault. Nobody is allowed the enter the “cold room” where the bitcoins are stored on air-gapped hard drives. To protect against an electromagnetic pulse attack, the cold room is equipped with a Faraday cage, a type of barrier meant to block electromagnetic fields.\n\n    Beyond that door, I rely on what Carlos Rienzi, Xapo’s head of security, tells me later, when I’m back in London. Rienzi chose the vault for Xapo, and he designed the private suite and its security protocols. His “threat model,” as computer security jargon goes, is to protect against attacks from “well-funded terrorist groups or hackers.”\n\n     \n\n    There are two more portals inside the suite: the first leads to an operators’ room, and the second to a “cold room.” The cold room is encircled with steel slabs to form a Faraday cage: a barrier that protects against a possible electromagnetic pulse (EMP) attack that could wipe out the data—and thus the keys to the bitcoin—stored in the room. For digital assets like bitcoin, thick walls and a secret location are not enough. A shield against invisible modes of attack like an EMP bomb must be provided for.\n\n     \n\n    No one, not even the operator, enters the cold room. Its door is sealed with tape—like a crime scene—to ensure it’s not tampered with. The cold room contains hardware, which is never connected to the internet, used to sign bitcoin transactions. Signing a transaction can be performed offline. The operator accesses that hardware using “special cabling,” sending encrypted data to the hardware for signing. Finally, before a transaction can be approved, two more sign-offs, in two other vaults located on separate continents, must be performed.\n\n     \n\n    I ask Rienzi if he feels pretty confident about the security measures he has in place in Switzerland. “We are under attack 24/7,” he tells me, referring to the terrorists and hackers he designed the vault to guard against. “This is not a race. It is a chess game. You have to think about the opponent’s next movement. You can never relax.”\n\nOf course, all the security measures in the world can’t protect investors from a sudden plunge in the bitcoin price. However, the digital currency’s indomitable - for now - performance has silenced at least one of its most prominent critics. Then said, unlike precious metal specie, one carefully targeted EMP would be all it takes to sever the ownership chain for a long, long time.\n\nStill, with the digital currency recently reaching yet another record high, despite relentless jawboning and rhetoric by everyone from Jamie Dimon to central bankers to China, we can only imagine the business of protecting bitcoin fortunes is set to boom.\n(SOURCE): http://www.zerohedge.com/news/2017-10-18/bitcoin-cold-storage-facility-looks-bond-villains-lair",
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      "body": "https://www.youtube.com/watch?v=opVz7HZAXLo&feature=youtu.be\n\nIntense footage from the California wildfires.",
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      "body": "Bitcoin will survive all government attacks... Governments will not survive after attacking Bitcoin.",
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      "body": "Breaking News from Zerohedge.com\n\nLess than a day after South Korean and US naval forces kicked off their latest round of joint military drills, which are slated to run until the end of the week, North Korea’s deputy UN ambassador claimed during a fiery speech at the UN General Assembly that the Korean peninsula “has reached the touch-and-go point and a nuclear war may break out any moment,” the Associated Press reported.\n\nComplaining to the UN General Assembly’s disarmament committee, Kim In Ryong argued that North Korea is the only country in the world that has been subjected to “such an extreme and direct nuclear threat” from the United States since the 1970s, adding that the isolated North has the right to posses nuclear weapons in self-defense.\n\nThis latest warning arrives as the US and South Korea are bracing for another North Korean missile test. For weeks now, South Korean intelligence has suspected that its isolated neighbor could use the beginning of China’s National Party Congress, which begins on Thursday, as an opportunity for what would be a bold act of defiance, angering both the US and the North’s primary benefactor and only major ally, China. The North has also been threatening to unveil a new ICBM that intelligence services believe might be capable of striking the west coast.  \n![2017.10.16northkorea_0.JPG](https://steemitimages.com/DQmd3L8T8bSEsG7RcZH77hUhohFs3PG3PqMXqGYuw58458r/2017.10.16northkorea_0.JPG)\nDuring his speech, Kim accused the US and South Korea of conducting military exercises involving “nuclear assets” and also mentioned a top-secret plan to stage a “secret operation aimed at the removal of our supreme leadership” developed by US and South Korean intelligence. The plan was exposed after North Korean hackers stole a large cache of military documents from the South.\n\nBoasting about the country’s nuclear capabilities, Kim bragged that the North Korea had completed its “state nuclear force and thus became the full-fledged nuclear power which possesses the delivery means of various ranges, including the atomic bomb, H-bomb and intercontinental ballistic rockets.”\n\n    “The entire U.S. mainland is within our firing range and if the U.S. dares to invade our sacred territory even an inch it will not escape our severe punishment in any part of the globe,” he warned.\n\nThe dangerous rhetoric comes as Russia – which was recently rumored to be ramping up economic support for the North – reversed course and said it would curtail economic, scientific and other ties with North Korea in line with UN sanctions\n\nMeanwhile, the European Union announced new sanctions on Pyongyang for developing nuclear weapons and ballistic missiles.\n\nUS Secretary of State Rex Tillerson said Sunday that diplomatic efforts aimed at resolving the North Korean crisis “will continue until the first bomb drops.” His commitment to diplomacy came despite\n\nPresident Donald Trump’s tweets several weeks ago that his chief envoy was “wasting his time” trying to negotiate with North Korean leader Kim Jong Un, whom he derisively referred to as “Little Rocket Man.”\n\nA report published by Russian media earlier today claiming that US and North Korean diplomats might be meeting at a conference in Moscow next week was quickly denied by the isolated country’s government, which said it’s not yet ready to begin negotiating with its greatest geopolitical foe.\n\nKim also reiterated that North Korea considers its missile arsenal “a precious strategic asset that cannot be reversed or bartered for anything.”\n\n    “Unless the hostile policy and the nuclear threat of the U.S. is thoroughly eradicated, we will never put our nuclear weapons and ballistic rockets on the negotiating table under any circumstances,” Kim said.\n\nBut in an interesting twist, Kim told the disarmament committee that while the Democratic People’s Republic of Korea — North Korea’s official name — would like to see nuclear weapons vanish from the face of the earth, aggressive expansion of nuclear arsenals has left the country no choice but to arm itself.\n\nBy accelerating the modernization of its weapons, the US is “reviving a nuclear arms race reminiscent of [the] Cold War era,” Kim said. He also noted that the nuclear weapon states, including the United States, boycotted negotiations for the Treaty on the Prohibition of Nuclear Weapons that was approved in July by 122 countries at the United Nations.\n\n “The DPRK consistently supports the total elimination of nuclear weapons and the efforts for denuclearization of the entire world,” he said.\n\n     \n\nBut as long as the United States rejects the treaty and “constantly threatens and blackmails the DPRK with nuclear weapons ... the DPRK is not in position to accede to the treaty.”\n\n(SOURCE): http://www.zerohedge.com/news/2017-10-16/north-korean-diplomat-warns-un-general-assembly-nuclear-war-could-break-out-any-mome",
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      "author": "jcorp",
      "body": "I agree 100%. I'm hoping no one will fall for it, but I am skeptical. May more folks wake up to the game that is being played by the fed.",
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      "author": "pbgreenpoint",
      "body": "@@ -8,16 +8,17 @@\n imon see\n+s\n  Bitcoin\n",
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      "body": "Jamie Dimon see Bitcoin as competition...big government and big banks do not like competition. Nor do they like giving up their power. A fedcoin in the future could be likely...will people fall for it again is the question...",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.sovereignman.com/investing/the-one-way-governments-could-actually-kill-bitcoin-22505/",
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      "body": "Below is an article from Zerohedge. It outlines some thoughts on how the government \"could\" go after Bitcoin. It surmises that the one way they could try to influence Bitcoin is by creating their own version and going after market share. Would you buy it? Personally I wouldn't go out fo my way to get a government-backed cryptocurrency. Read the Article and let me know what you all think. \n\nSomething pretty miraculous happened recently.\n\nIt appears that Jamie Dimon, CEO of JP Morgan Chase, went nearly TWO WEEKS without bashing Bitcoin.\n\nThis must be a record for Mr. Dimon, who seems to have barely been able to last an hour without calling out Bitcoin as a “fraud”, or a refuge for criminals and North Koreans.\n\nMr. Dimon finally broke his Zen-like meditative silence late last week, once again returning to the familiar assaults we’ve come to expect from the world’s most powerful banker.\n\nOn Thursday, Dimon downplayed the importance of Bitcoin during a teleconference with journalists, and then said he wouldn’t talk about cryptocurrency anymore.\n\nOne day later, Dimon was talking about cryptocurrency again, this time at the annual meeting of the Institute for International Finance.\n\nDimon’s rant was in top form, and he went back to his core material– governments won’t allow Bitcoin to exist, it’s only useful for criminals, etc.\n\nHe was later joined by his sidekick Larry Fink, Chairman and CEO of Blackrock (the largest investment management firm in the world with over $5.7 trillion under management).\n\nFink stated succinctly that Bitoin is “an index for how much demand for money laundering there is in the world.”\n\nNow, these are clearly not dumb guys. Dimon and Fink are princes of Wall Street. They know finance.\n\nBut it’s pretty obvious they haven’t done their homework on cryptocurrency… since there’s really no objective evidence to support their assertions.\n![20171016_BTC.png](https://steemitimages.com/DQmVue9tyvVqt8c6W1zPGWeD9ULui8jGJYxfooguySuyysY/20171016_BTC.png)\n\nDimon’s idea that Bitcoin is a “great product” for criminals is simply WRONG. Bitcoin is terrible for criminals.\n\nWhy? Easy. Bitcoin is not fully anonymous. Every single Bitcoin that has ever been mined… and every single transaction in Bitcoin that has ever been made… is recorded in the Blockchain.\n\nIn other words, it’s all public information.\n\nThat’s not to say that people’s names and addresses are recorded in the Blockchain; instead, a typical transaction record includes information about Bitcoin Wallet IDs, block numbers, etc.\n\n[Visually, it looks something like this]\n\n![chart.jpg](https://steemitimages.com/DQmZm26JhmhnixQbXtXtff1MerqufHGeQMUbjxZuUnDyUUN/chart.jpg)\n\nBut for people with enough resources (i.e. governments), the transactions can be traced back to the source.\n\nHere’s an easy example.\n\nLet’s say Alvin the Arms Dealer signs up for a new account at Coinbase– the most popular exchange in the world.\n\nAlvin links his Coinbase account to his bank account at, say, hmmm… JP Morgan Chase, and puts in an order to buy 100 Bitcoin.\n\nThe money transfers from JP Morgan to Coinbase, and Alvin’s Coinbase wallet is credited with 100 Bitcoin.\n\nAlvin now sends those 100 Bitcoin to his friend Marvin the Money Launder.\n\nMarvin sells the Bitcoin at another exchange, and deposits the US dollars into his own bank account.\n\nEVERY SINGLE ONE OF THESE TRANSACTIONS has been posted to the blockchain.\n\nAnd if the FBI or INTERPOL really looks into it, they’ll be able to trace Marvin’s bank deposit back to Alvin’s initial purchase of Bitcoin at Coinbase. Boom. Smoking gun.\n\nIn other words, if you’re the FBI, you should HOPE that criminals use Bitcoin. They’ll be easier to catch.\n\nBut any criminal with half a brain [oxymoron, I know] is already aware of these issues. So they’ll probably stick to Amazon.com giftcards… which is a MUCH easier way to launder money.\n\nThe other laughable point that Dimon makes is that ‘governments won’t allow Bitcoin to exist’.\n\nHe believes that governments want to remain in control of money, so at some point they’ll merely outlaw Bitcoin. And poof… demand will vanish.\n\nThis is a completely naive view.\n\nMarijuana been illegal under US federal law for DECADES. And yet demand only grows.\n\nPirating movies is also illegal. And those rules have been aggressively enforced since the passage of the Digital Millennium Copyright Act nearly 20-years ago.\n\nBut illegal downloads of movies, music, software, etc. still constitute roughly 25% of all Internet traffic, according to a study commissioned by NBC Universal.\n\nBitcoin would be even harder to control. You don’t even need to be connected to the Internet in order to receive or store Bitcoin. So fat chance they’ll be able to enforce a ban.\n\nAny attempt to get rid of Bitcoin would be about as successful as preventing people from smoking weed or pirating the latest Game of Thrones episode.\n\nBut… Uncle Sam does have one weapon… one way they could potentially disrupt Bitcoin.\n\nSome day the US government and Federal Reserve might actually wake up and realize that crypto is the future.\n\nAnd when that day comes, the obvious tactic would be to create their own version of the Blockchain that uses “crypto-dollars”.\n\nCryptodollars would be equivalent to US dollars. So $1 in physical cash = $1 in your bank account = 1 cryptodollar.\n\nCryptodollars would be legal tender and accepted everywhere in the country– Wal Mart, Amazon, etc., but without any of the wild gyrations and fluctuations that we see in the Bitcoin price.\n\nThe introduction of cryptodollars would clearly have an impact on the demand for Bitcoin.\n\nHardcore users would certainly still hold Bitcoin, so it wouldn’t go to zero.\n\nBut casual users might very well abandon Bitcoin in favor of cryptodollars due to the convenience of being able to spend them anywhere.\n\nThe added benefit to the US government is that a crypto-dollar blockchain would solidify the dollar’s status as the international reserve currency.\n\nSo they definitely have compelling reasons to do this.\n\nNow, it might never happen. Or it could take years.\n\nBut the possibility exists. So keep that in mind before going ‘all in’ on crypto.\n(SOURCE): http://www.zerohedge.com/news/2017-10-16/one-way-governments-could-actually-kill-bitcoin",
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      "body": "Definitely another hydrogen bomb will be tested since North Korea needs to miniaturize the bomb for ATS (Air to Surface) missiles.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.bloombergquint.com/business/2017/10/13/bon-ton-vendors-are-said-to-pull-back-on-retailer-s-shipments",
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      "body": "With Toys 'R' Us having already filed Chapter 11 bankruptcy, in a move that came as a shock to most of its bondholders, suddenly the race between Bon-Ton Stores and Sears Holdings who will file next, is entering its last lap.\n\nFor those who may have missed it, late last week, in a scenario right out of the last days of Toys \"R\" Us, some of Bon-Ton Stores’s suppliers reportedly scaled back shipments and asked to be paid sooner in order to protect themselves from potential losses in case the department-store chain unexpectedly filed for bankruptcy, Bloomberg reported on Friday.\n\n   The suppliers have insisted on getting paid with letters of credit or cash on delivery, which can be a drain on the company’s resources, said the people, who asked not to be named because the matter is private. The demands come just as the chain enters the key holiday-shopping season in the U.S. “We maintain constructive relationships with our vendors,” Christine Hojnacki, a spokeswoman for the York, Pennsylvania-based company, said in a statement. “Our team has been working closely with all of our vendors, large and small, as we build inventory ahead of the holiday season.”\n\nUnlike Toys, however, Bon-Ton's inevitable default has already been largely priced in, and the news of the supplier strike had a modest impact on Bon-Ton’s $350 million of 8% second-lien bonds due 2021 which dropped \"ony\" 2.5 cents to trade at 32.6 cents on the dollar Friday.\n\nBon-Ton, which operates 260 stores across 24 states, had hired PJT Partners and AlixPartners over the summer to explore options for dealing with its more than $1 billion debt load. In September, it announced an $18.9 million sale-and-leaseback transaction for a store in Roseville, Minnesota, that will boost liquidity in the short-term and buy breathing room.\n\nAnd while Bon-Ton's fate now appears sealed, the question is whether or not that other perrenial bankruptcy candidate, Sears Holdings, will get to bankruptcy court first. \nThe reason, and why Sears stock crashed 12%, on track for its close in 8 months is that on Monday the struggling department store chain said that Bruce Berkowitz, CIO of of Fairholme Capital Management LLC and the company's second largest shareholder after Eddie Lampert, was stepping down from its board of directors at the end of the month. Fairholme Capital controlled 28.9 million Sears shares as of June 30, making it second-largest shareholder with just shy of 27% of the shares outstanding.\n![zero h graph 1.jpg](https://steemitimages.com/DQmPxdjKQkHFTqxgiZmbGYL6CjccbPLxbUNkxqNJMbxaULC/zero%20h%20graph%201.jpg)\n\nWith today's collapse, the stock has erased all gains it made since it announced a $1 billion restructuring in early February, and has plunged 26% over the past three months. A Sears bankruptcy would be catastrophic for the US mall sector, and as such we expect the \"big short\" trade, the CMBX 6 BBB- tranche to blow out sharply on the news of Berkowitz' resignation.\n![zero h graph 2.jpg](https://steemitimages.com/DQmS3KjT4sHBRembTmrrEu3j3RQdQLXCS1tULKj2U3h85fT/zero%20h%20graph%202.jpg)\n\n(SOURCE): http://www.zerohedge.com/news/2017-10-16/sears-crashes-after-second-largest-shareholder-resigns-board",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.therussophile.org/us-deploys-special-forces-decapitation-team-to-south-korea.html/",
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      "author": "jcorp",
      "body": "US Deploys Special Forces \"Decapitation\" Team To South Korea\n![Korea drill teaser.jpg](https://steemitimages.com/DQmPhbEgUkRZVpAjb33PXr2dqceaKGbTCvvNNfLNWdaEq3G/Korea%20drill%20teaser.jpg)\n\nToday, the South Korean and U.S. navies kicked off massive combined drills off the coast of the Korean peninsula amid heightened tensions, a training exercise which North Korea has warned may prompt another ballistic missile launch potentially to coincide with the launch of the Chinese 19th Party Congress on October 18. The two allies plan to continue the Maritime Counter Special Operations Exercise (MCSOFEX) through Friday in the East Sea and the Yellow Sea.\n\nAs reported over the weekend, the drill involves the U.S. 7th Fleet's aircraft carrier USS Ronald Reagan (CVN-76) and two Arleigh Burke-class destroyers - the USS Stethem (DDG-63) and the USS Mustin (DDG-89). The carrier strike group will train with South Korean warships and other defense assets, such as the Sejong the Great Aegis ship and P-3 Orion anti-submarine aircraft in the East Sea.\n\nAnd while details of the drill were well-known in advance, what was reported for the first time overnight from Yonhap is that a unit of U.S. special forces tasked with carrying out \"decapitation\" operations is also aboard a nuclear-powered submarine in the group, according to a defense source. So far, little else is known about why said decapitation team is on location, or whether it will be put into use, although it presence may explain Trump's \"calm before the storm\" comment that beffudled the media two weeks ago.\n\nAmong other assets mobilized for the joint drill are F-15K, FA-18 and A-10 fighter jets, as well as AH-64E Apache attack helicopters, Lynx and AW-159 Wild Cat naval choppers. The U.S. has also deployed a Joint Surveillance Target Attack Radar System (JSTARS) plane to closely monitor the North's ground and naval forces.\n\nSome more details about the drill from Yonhap:\n\n    The joint training is aimed at promoting \"communications, interoperability and partnership in the (U.S.) 7th Fleet area of operations,\" the fleet said. It initially announced that the practice around the peninsula will end next Thursday but later corrected the date to Friday. Meanwhile, the U.S. has sent a B-1B Lancer strategic bomber, F-22 Raptor stealth fighter jets and several other types of high-profile defense assets to the Seoul air show to open this week.\n\n     \n\n    \"Approximately 200 U.S. personnel are expected to participate in the Seoul International Aerospace and Defense Exhibition (ADEX) 2017, scheduled from Oct. 17-22 at the Seoul K-16 airport,\" the 7th Air Force said.\n\n     \n\n    Among the U.S. military aircraft to join the biennial event are the F-22 Raptor, B-1B Lancer, A-10 Thunderbolt II, C-17 Globemaster III, C-130J Hercules, KC-135 Stratotanker, E-3 Sentry, U-2 Dragon Lady and RQ-4 Global Hawk, it added. Also fielded will be the Air Force's fifth-generation fighter, the F-35A Lightning II, U.S. Navy P-8A Poseidon and a U.S. Army CH-47F Chinook.\n\n     \n\n    \"This year's air show will feature demonstrations from U.S. Air Force F-22 Raptors assigned to the 3rd Wing, Joint Base Elmendorf-Richardson, Alaska,\" the 7th Air Force said. More than 400 defense firms from 33 countries plan to participate in the ADEX to begin Tuesday.\n\nAs part of the drills, the US military said on Monday that it would practice evacuating noncombatant Americans out of South Korea in the event of war and other emergencies, the NYT reported.  The evacuation drill, known as Courageous Channel, is aimed at preparing American “service members and their families to respond to a wide range of crisis management events such as noncombatant evacuation and natural or man-made disasters,” the United States military said in a statement.\n\nThe South Korean government of President Moon Jae-in has repeatedly warned that it opposes a military solution to the North Korean nuclear crisis because it could quickly escalate into a full-blown war in which Koreans would suffer the most, with some estimates predicting that over 2 million South Koreans could die in the North Korean retaliation.\n\nMeanwhile, on Monday, North Korea accused the US of “pushing” the DPRK into making a hydrogen bomb, the head of North Korea’s delegation to the multinational Inter-Parliamentary Union (IPU) meeting has said.\n\n“Exactly the US have pushed the DPRK [Democratic People’s Republic of Korea] to become a possessor of the hydrogen bomb,” the deputy chairman of the Supreme People’s Assembly of North Korea, An Tong Chun, announced Monday. The North Korean official was speaking at the assembly of the world’s oldest international body of lawmakers in St. Petersburg, Russia. Parliamentarians from more than 160 nations are attending the IPU session.\n\nThe question now is whether North Korea will once again test said Hydrogen bomb and, if so, whether the crack \"decapiation\" team meant to take out North Korea's leadership will be put to use.\n\n(SOURCE): http://www.zerohedge.com/news/2017-10-16/us-deploys-special-forces-decapitation-team-south-korea",
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