Bitcoin

[camiar]

Per yesterday's BusinessWorld Banking & Finance news:

 

"BSP mulls options as it crafts rules on bitcoin trading" - Bangko Sentral ng Pilipinas (BSP) is considering requiring bitcoin intermediaries to become reporting entities as part of initial discussions on how to regulate the trade of virtual currency, an official said.

 

BSP's current concern right now is that lack of regulation pose serious risks to those who engage in virtual currency trading. Bitcoins can also be used in money laundering, or avoiding paying of taxes on sales transactions.

 

But since the BSP is now making serious moves to understand the system, chances are, virtual currency will eventually achieve legitimacy in commercial transactions. In the future, with RFIDs embedded on our foreheads and hands, we would be walking Automatic Trading Machines, able to buy and sell goods and services without cash or credit cards.

Edited March 27, 2014 by camiar

[sonnyt111]

Per yesterday's BusinessWorld Banking & Finance news:

 

"BSP mulls options as it crafts rules on bitcoin trading" - Bangko Sentral ng Pilipinas (BSP) is considering requiring bitcoin intermediaries to become reporting entities as part of initial discussions on how to regulate the trade of virtual currency, an official said.

 

BSP's current concern right now is that lack of regulation pose serious risks to those who engage in virtual currency trading. Bitcoins can also be used in money laundering, or avoiding paying of taxes on sales transactions.

 

But since the BSP is now making serious moves to understand the system, chances are, virtual currency will eventually achieve legitimacy in commercial transactions. In the future, with RFIDs embedded on our foreheads and hands, we would be walking Automatic Trading Machines, able to buy and sell goods and services without cash or credit cards.

 

That's a scary thought. Imagine at the check out counter of a supermarket, the cashier places the RFID scanner on your forehead or hand and you're transaction's done. Normally I would favor such a technology but seeing as it fulfills prophecy as mentioned in Revelations, then I can't support it.

[camiar]

That's a scary thought. Imagine at the check out counter of a supermarket, the cashier places the RFID scanner on your forehead or hand and you're transaction's done. Normally I would favor such a technology but seeing as it fulfills prophecy as mentioned in Revelations, then I can't support it.

I don't think there's anything we can do to stop it. The Book of Revelation foretells that it will happen and it did not say anything about anybody being able to stop it.

 

And I saw in the internet today news about a new technology of producing a silicon wafer chip so thin that it can be flexible enough to be attached to human skins just like the kid's press-on tattoos.

 

http://www.worldindustrialreporter.com/next-generation-electronics-press-%e2%80%8b%e2%80%8bon-tattoo/

 

 

The current design of RFIDs are about the size of a grain of rice and have to be injected. That creates a fear factor for many who are afraid of injections. This new technology would be painless. It would promote better acceptance by majority of the people to have themselves marked.

Edited March 27, 2014 by camiar

[maxiev]

I don't think there's anything we can do to stop it. The Book of Revelation foretells that it will happen and it did not say anything about anybody being able to stop it.

 

And I saw in the internet today news about a new technology of producing a silicon wafer chip so thin that it can be flexible enough to be attached to human skins just like the kid's press-on tattoos.

 

http://www.worldindustrialreporter.com/next-generation-electronics-press-%e2%80%8b%e2%80%8bon-tattoo/

 

 

The current design of RFIDs are about the size of a grain of rice and have to be injected. That creates a fear factor for many who are afraid of injections. This new technology would be painless. It would promote better acceptance by majority of the people to have themselves marked.

The writing's on the wall......

[Larry]

You guys do realize that Revelations was written in a certain context that has absolutely nothing to do with what's happening today?

 

It's not meant to be a prophetic account.

[camiar]

You guys do realize that Revelations was written in a certain context that has absolutely nothing to do with what's happening today?

 

It's not meant to be a prophetic account.

 

Statistically, more than 80% of posters in this forum are products of Catholic Schools. That includes me. To me, the Bible, including the Book of Revelation and the Book of Daniel, has everything to do with what happened before, what is happening today and what will happen in the future. Also, some of us here are conversant with the Bible prophesies at a level higher than googling the Wikipedia.

 

So, to each his own.

 

It just so happen that bitcoin concept and the latest silicon wafer technology are enabling technologies that would make possible what the Bible described as the anti-Christ system of economy.

[Larry]

different strokes I guess

 

I too am a product of a Catholic education and upbringing

 

thing is I really don't take something written by men as the word of God.

[maxiev]

different strokes I guess

 

I too am a product of a Catholic education and upbringing

 

thing is I really don't take something written by men as the word of God.

Fair enough. Thing is I don't know of any civilization from the past that mentions anything about using your forehead or hand as a way to conclude a transaction.

 

Until now. RFID technology is already a reality. The next logical step is to implant that RFID chip into one's body which can then be scanned pretty much like how a scanner reads information contained in your E-pass for instance.

 

As long as that embedded chip has a "load", the person can use that to transact business like purchasing groceries.

 

If/when the time comes that this becomes a standard in transacting business, (much like how bitcoins may also become a standard currency someday)then it would mirror what was mentioned in the Bible.

 

The Bible was written by ordinary people thousands of years ago. But how is it that such ordinary, technologically backward people were able to accurately describe something so foreign to their way of life but which closely resembles what may become reality in our not too distant future?

 

And as I mentioned, I haven't heard of any historical accounts between that time and the present where humans used their hands and foreheads to transact business.

[xLoneRiderx]

Buy some bitcoins on coins.ph https://coins.ph/invite/yvI72W , you can use my referral or not.

They are still cheap right now but this coming months they will surely rise in value.. consider this as a form of investment.

Check this site for more information on bitcoin , bitcointalk.org

Edited April 25, 2016 by xLoneRiderx

[Inam]

Bitcoin prices increased recently and I cashed out mine too early. I did gain around 10k profit though.

[xLoneRiderx]

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[2WarningPoints]

Fair enough. Thing is I don't know of any civilization from the past that mentions anything about using your forehead or hand as a way to conclude a transaction.

 

Until now. RFID technology is already a reality. The next logical step is to implant that RFID chip into one's body which can then be scanned pretty much like how a scanner reads information contained in your E-pass for instance.

 

As long as that embedded chip has a "load", the person can use that to transact business like purchasing groceries.

 

If/when the time comes that this becomes a standard in transacting business, (much like how bitcoins may also become a standard currency someday)then it would mirror what was mentioned in the Bible.

 

The Bible was written by ordinary people thousands of years ago. But how is it that such ordinary, technologically backward people were able to accurately describe something so foreign to their way of life but which closely resembles what may become reality in our not too distant future?

 

And as I mentioned, I haven't heard of any historical accounts between that time and the present where humans used their hands and foreheads to transact business.

As a former Catholic coz im a Christian, well anyway to be a Christian doesn't mean you really have to change your religion. Although you must mend your ways.. anyway I agree with Maxiev, this technology is being tested right now, actually some people in the US is actually using this technology and it has a potential to be use in the future by the Anti Christ... so anyone cannot buy or sell without this mark(Mark of the Beast)...

 

Anyway do you know that the mechanism of Atom bomb is written in the Bible before even the scientist invented it?

[k4t5u]

Is bitcoin still the goto e-currency? I mean there are others present already.

[Alligatorman]

I bought 1btc around 2013 for 200 USD. Now it costs around 1200 usd lol.

[joseph35]

Yup, for the previous 2 months ang laki ng tinaas nya. Ang tanong magtutuloy tuloy kaya or pop the bubble?