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re: Bitcoin...LOL

Posted on 1/24/22 at 8:26 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81728 posts
Posted on 1/24/22 at 8:26 am to
quote:

Supporting cryptocurrency is in many ways supporting the very one-world government that Conservatives have been railing against for decades.

oh my word, this may be the worst take I have ever seen on money talk about bitcoin and that is saying a lot.
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6695 posts
Posted on 1/24/22 at 8:28 am to
quote:

You want people to be able to transfer huge sums of money without any government oversight or taxes? Do you want the US Dollar to fail? Are you hoping for the US Government to collapse?
Yes
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 1/24/22 at 8:35 am to
when I hear people like you rant it’s tough not to go long Bitcoin
This post was edited on 1/24/22 at 8:36 am
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 1/24/22 at 8:55 am to
quote:

Do you want the US Dollar to fail? Are you hoping for the US Government to collapse?



If you ever take some time to study history, governments, human nature, then the emergence of crypto presents itself as a check on all the aforementioned.

BTC is pure math. If Russia takes Ukraine, the math doesn't change. If we elect Trump again, the math doesn't change. If China releases COVID35, the math doesn't change.

What does change is monetary policy, politics, the value of our dollars based on all these outside events and also corruption.

Math dont care.

The basic rules and fundamentals of BTC never change.

Yes, there are scams, rug pulls, shite coins, but the math behind the blockchain is why people are placing long term value in it.

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88188 posts
Posted on 1/24/22 at 9:01 am to
Was getting in some heavy Dan Pena motivation over the weekend


Dude was going hard at "Bitfrick" as he calls it
Still claims Putin is behind this to crash the dollar
Is he insane or do you think their could be truth to it
Posted by Delacroix22
Member since Aug 2013
4435 posts
Posted on 1/24/22 at 9:06 am to
quote:

Supporting cryptocurrency is in many ways supporting the very one-world government that Conservatives have been railing against for decades.


This is a horrible take my guy

The USD isn’t owned by the US Government. It is owned by the federal reserve. A tiny tiny group of bankers who own the dollar, print it, then LEND it to the US Government on interest.

How does the US government pay this interest on the borrowed dollars? The income tax.

You work parts of the year just to have the privilege of using the ultra rich bankers currency.

Crypto currency is DECENTRALIZED. Digital. De regulated.

It’s as far from supporting a government as one can get.

It is a threat to the global baking elite cabal - the biggest they've ever seen. It is a complete paradigm shift away from their worthless fiat currency they never expected.

Crypto currency is the absolute future. Anyone who can’t see that is too short sighted.
Posted by KCRoyalBlue
Member since Nov 2020
1535 posts
Posted on 1/25/22 at 9:27 am to
Well, here you go. The Potato has decided to start looking into regulating crypto.

Hope you Wild West guys are right, for your sake.

LINK
This post was edited on 1/25/22 at 10:13 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81728 posts
Posted on 1/25/22 at 9:57 am to
That is excellent news for adoption if your main goal is price appreciation and improve taxing measures. The privacy maxis not thrilled

Also this is directed mostly at alt coins and stable coins. Per Gensler, Bitocin isn't a security.
This post was edited on 1/25/22 at 10:07 am
Posted by APHA
Corpus Christi
Member since Mar 2013
400 posts
Posted on 1/25/22 at 7:27 pm to
quote:

Bitcoin down 12%. I knew it was time to get out at 60k. Waaaay overvalued.


You bought at 67 and sold at 60; smooth move.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
3686 posts
Posted on 1/25/22 at 8:26 pm to
quote:

BTC is pure math.


BTC is an algorithm, and algorithms improve over time. The thought that some technology from the past will somehow appreciate in value and continue to be adopted in the future is contrary to every other technological advancement since the beginning of society.
This post was edited on 1/25/22 at 8:27 pm
Posted by lighter345
Member since Jan 2009
11893 posts
Posted on 1/25/22 at 8:58 pm to
While I see you’re point, Bitcoin’s protocol has evolved since it’s inception and will continue to do so.
This post was edited on 1/25/22 at 8:58 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 1/25/22 at 9:07 pm to
Read this and get back to me. Like I said. It’s math and math is math. No need to improve 2+2 as it can never be anything other than 4.


LINK

If you read the BTC white paper, it tells you what problem it solves with math. BTC is the base layer of the peer-to-peer network. It’s sole purpose was to cut-out the middle.

Everything else built on top or along the side is just icing on the cake.
This post was edited on 1/25/22 at 9:15 pm
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58003 posts
Posted on 1/26/22 at 9:28 am to
quote:

It’s sole purpose was to cut-out the middle.

well right now these are the people that run everything hence the push back on all crypto.
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 1/26/22 at 9:34 am to
Huh? BTC is decentralized. The network.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58003 posts
Posted on 1/26/22 at 9:38 am to
quote:

Huh? BTC is decentralized. The network.

you fricking dummy. no shite.... im talking about the whole financial world. Are you an imbecile.
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 1/26/22 at 9:47 am to
You said the people that run everything in a reply to me.

The network is decentralized so I am not sure what point you are making.

Are you suggesting they can stop it? They can’t.
This post was edited on 1/26/22 at 9:48 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81728 posts
Posted on 1/26/22 at 9:54 am to
I think he is suggesting they can suppress it, which is very easy when the asset is only $1T
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 1/26/22 at 10:19 am to
How would they suppress it? Can it be manipulated price wise? Well yea. Anything can be.
Posted by DeathValley85
Member since May 2011
18176 posts
Posted on 1/26/22 at 10:24 am to
quote:

you fricking dummy


quote:

no shite


quote:

Are you an imbecile


lay off the roids meathead
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58003 posts
Posted on 1/26/22 at 10:42 am to
quote:


lay off the roids meathead
you serious baw?
wanna meat at sonic?
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