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re: A Trip Down Bitcoin Memory Lane (Part 2) For WikiTiger

Posted on 11/19/24 at 9:47 am to
Posted by Gaggle
Member since Oct 2021
7276 posts
Posted on 11/19/24 at 9:47 am to
Elon certainly has millions upon millions liquid on hand. If he really has it all in stocks and borrowings against that and we get a 1929 crash, he ceases to be rich
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 9:53 am to
Again, your mindset is completely backwards.

Holding cash is the worst thing you can do. It literally goes down in value every year.

The federal reserve has a literal goal of the dollars value going down 2% a year.


You really need to rethink what you believe to be true.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
7339 posts
Posted on 11/19/24 at 9:53 am to
Oof:

quote:

Posted By MetalTiger

Bitcoin is bullshite, many deep web websites/"companies" claim to accept bitcoin as currency for things like a private VPN or websever. There is no point in wasting money on the 10/1 ratio for bitcoins. If you really want to be untraceable, buy prepaid credit/debit cards, establish an offshore VPN connction through an open wifi connection, then use T(a)ils and tor browser. Technically, not even the exit node can view your traffc.

I wouldn't be shocked if this bitcoin BS was an elaborate scheme by anon to build a rainbow table to aid in future haxoring. Bottome line is it is a scam.
Posted by Gaggle
Member since Oct 2021
7276 posts
Posted on 11/19/24 at 9:55 am to
But cash is what you actually exchange.
It’s not worth anything if you don’t spend it.
You need to hold something that increases more than 2% per year and then sell it for cash
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 9:57 am to
quote:

BigBinBR


There is some absolute gold in the old threads.
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 9:58 am to
quote:

You need to hold something that increases more than 2% per year and then sell it for cash


And I wonder what asset has lead the world in fiat appreciation over the last 10 years?
Posted by Gaggle
Member since Oct 2021
7276 posts
Posted on 11/19/24 at 10:00 am to
quote:

and then sell it for cash
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 10:08 am to
Just have to agree to disagree on it. It didn't click for me for a very long time either so no judgement.
Posted by LSURussian
Member since Feb 2005
130770 posts
Posted on 11/19/24 at 10:11 am to
quote:

LSURussian ever back down off his anti-BC ledge?
No. But I do admit I grossly underestimated human susceptibility for participating in mass delusions.
Posted by Gaggle
Member since Oct 2021
7276 posts
Posted on 11/19/24 at 10:12 am to
it's not about not clicking. just go back to my first comment.

the idea that he is now worth 900 million because he invested 10,000 when it was new probably doesn't hold up in the real world.

any person would've cashed out already when the initial 10k investment hit 400 million, or 100 million or 1 million or even just 100,000

what are the odds he has resisted that temptation and actually held it?
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 10:12 am to
quote:

No. But I do admit I grossly underestimated human susceptibility for participating in mass delusions.


This could be another banger in 10 years.
Posted by Honest Tune
Louisiana
Member since Dec 2011
18208 posts
Posted on 11/19/24 at 10:32 am to
quote:

No. But I do admit I grossly underestimated human susceptibility for participating in mass delusions.


I hear ya. My neighbor in Metairie circa 2018-2021 was mining it in his roofing work shop with a very elaborate computer set up, much more intricate than my brain could receive. At some point he went in a depression hole around 2019 because he had been hacked and allegedly had a lot of BC stolen. I never got to hear much about it after that.
Posted by LSURussian
Member since Feb 2005
130770 posts
Posted on 11/19/24 at 10:41 am to
quote:

This could be another banger in 10 years.
Feel free. Odds are I won’t be here 10 more years anyway. And if Putin goes completely nuts none of us will.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67307 posts
Posted on 11/19/24 at 10:43 am to
quote:

And if Putin goes completely nuts


quote:

Russian


bet you'd like that
Posted by LSURussian
Member since Feb 2005
130770 posts
Posted on 11/19/24 at 10:47 am to
Why would I?
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67307 posts
Posted on 11/19/24 at 10:50 am to
just making a joke about your name bud
Posted by Big Scrub TX
Member since Dec 2013
36804 posts
Posted on 11/19/24 at 11:06 am to
quote:

to understand the future implications of Bitcoin myself.
And what are these, exactly? We're like 16 years in and what do we have other than a tool for market speculation?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81667 posts
Posted on 11/19/24 at 11:09 am to
quote:

Odds are I won’t be here 10 more years anyway.
I figured you were old but I didn’t realize you were that old.
Posted by I Love Bama
Alabama
Member since Nov 2007
38299 posts
Posted on 11/19/24 at 11:15 am to
Been discussed ad nauseam. Use the search feature or read a book.

Happy to buy and send you one btw
Posted by Big Scrub TX
Member since Dec 2013
36804 posts
Posted on 11/19/24 at 11:29 am to
quote:

een discussed ad nauseam. Use the search feature or read a book.

Happy to buy and send you one btw
What other crucial technology can you cite that took so long to do anything actual?
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