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  1. #41
    jman0war jman0war is offline

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    Quote Originally Posted by Man or Mouse View Post
    How could it ever work as everyday currency with a unit value of four grand? Presently it is used a lot on the dark web, not exactly a stronghold of probity.
    Because bitcoin is divisible by 8 decimal places.
    The smallest unit is called a Satoshi.

    Currently:

    1 Satoshi = USD $0.0000712338

    source: https://99bitcoins.com/satoshi-usd-converter/
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  2. #42
    katsung47 katsung47 is offline

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    GOP Tax Bill Mostly Benefits The Wealthy, Tax Policy Center Finds

    Arthur Delaney,HuffPost• November 6, 2017

    WASHINGTON ? The richest 1 percent of Americans would reap 48 percent of the benefits of Republican tax reform legislation, according to a new analysis by the nonpartisan Tax Policy Center.

    https://www.yahoo.com/news/gop-tax-b...203734303.html
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  3. #43
    katsung47 katsung47 is offline

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    How sky-high housing costs make California the poorest state

    By CALMATTERS | CALmatters.org
    PUBLISHED: September 27, 2017

    When the cost of living is factored in, the Golden State has the highest poverty rate in the country. More than 20 percent of its residents struggle to make ends meet, according to recently released Census figures.That’s nearly 8 million people.

    In the less sophisticated “official” measure, a family of four in San Francisco or Los Angeles or San Diego faces exactly the same poverty threshold—$24,339 annually—as a family in rural Mississippi. That’s despite the fact that you can rent a three-bedroom, two-bathroom 1,200-square-foot house in Horn Lake, Mississippi, for the same price ($850 a month) as half a living room in the Bay Area.

    How sky-high housing costs make California the poorest state – Daily Breeze
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  4. #44
    Niall996 Niall996 is offline
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    I think there's a factor being missed in this notion of a bubble. The world isn't as homogenous as it once was. The middle class have been slowly eroded so the market doesn't function the way it once did. There are a smaller group of people with more money (often cash) competing over houses. There is a huge swathe of people now eliminated from home ownership forever. There's no reason why, like all luxury goods, house prices can't keep rising. It's a different product now, a different market.
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