- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 12/23/21 at 8:10 am to KCRoyalBlue
quote:And there's the big misconception. People keep saying this but they never say how. They never complete the sentence. You'll always see vague, undefined references to it but you'll never see a schematic. The gov't CAN'T get involved (other than taxing gains).
And there's the big problem. Government will get involved.
Posted on 12/23/21 at 8:15 am to tigerpawl
quote:
People keep saying this but they never say how.
I mean we're already seeing it.
As of now you have to on-ramp then off-ramp using fiat. And the government is already taking control of those two.
KCRoyalBlue comes off as ignorant though. Even worse, he has his mind made up. Bad combo.
This post was edited on 12/23/21 at 8:17 am
Posted on 12/23/21 at 8:18 am to tigerpawl
quote:
Every Wall Street "expert" would sell their children to the zoo if they could match that.
Which has absolutely nothing to do with my statement. It’s an observation of how far we are in the wealth generating cycle, which based on the chart appears to be pretty far into the cycle and moving to more ordinary type returns with each passing year for Bitcoin. It’s also a question about next year’s expectations. If this is true then I think as Bitcoin slows in percentage gains things like SOL and LUNA will be the ones to run massively and further solidify the utility of Bitcoin and crypto as being far from anything close to a Ponzi scheme.
Posted on 12/23/21 at 8:22 am to tigerpawl
quote:
And there's the big misconception. People keep saying this but they never say how. They never complete the sentence. You'll always see vague, undefined references to it but you'll never see a schematic. The gov't CAN'T get involved (other than taxing gains).
FBI confiscates bitcoin
Posted on 12/23/21 at 8:58 am to Azazello
If you host your coin on an exchange, it’s subject to confiscation. A hot wallet of any sort might have a vulnerability. Pretty sure that’s what happened there.
There is no method to confiscate digital assets hosted on a cold wallet as long as the seed phrase is kept secure. Its among the most secure things you could ever personally own.
There is no method to confiscate digital assets hosted on a cold wallet as long as the seed phrase is kept secure. Its among the most secure things you could ever personally own.
Posted on 12/23/21 at 9:03 am to go ta hell ole miss
if you ascribe to Metcalfe’s Law where the intrinsic value of a network is proportional to the square of the number of interconnected users of that network, the market cap of BTC should be parabolically linked to the adoption curve. I think the adoption curve is likely to look like a logistic curve (sigmoid function shape) where you see exponential growth transition to linear growth and ultimately to slower growth leading to saturation at some point. I think we are in the start to middle of the exponential growth phase of the adoption curve. At that end point the only gains the network would see is relative to the debasement of whatever you are measuring the network value in, because “absolute value” would have hit its final value assuming adoption stays constant
Posted on 12/23/21 at 9:06 am to Ross
Making money in crypto is like being a male stripper
Like even if you make good money and have a 6 pack it’s still embarrassing
Like even if you make good money and have a 6 pack it’s still embarrassing
Posted on 12/23/21 at 9:27 am to go ta hell ole miss
quote:I don’t know if you will be lucky or unlucky with Bitcoin, but statements like this reveal you are not using reason, but emotion and hope as the underpinnings of your decisions.
if anyone is even accepting your fiat by that time.
Posted on 12/23/21 at 9:29 am to tigerpawl
quote:Somebody tell the Chinese
The gov't CAN'T get involved (other than taxing gains).
Posted on 12/23/21 at 9:40 am to tigerpawl
quote:
And there's the big misconception. People keep saying this but they never say how. They never complete the sentence. You'll always see vague, undefined references to it but you'll never see a schematic. The gov't CAN'T get involved (other than taxing gains).
Huh? They could make it illegal
Posted on 12/23/21 at 9:45 am to castorinho
quote:
I mean we're already seeing it.
As of now you have to on-ramp then off-ramp using fiat. And the government is already taking control of those two.
KCRoyalBlue comes off as ignorant though. Even worse, he has his mind made up. Bad combo.
YES! I'm ignorant. But, that's kind of the point. I've still never seen a rational explanation as to how crypto will work and be accepted by the masses without government intrusion and perversion of the "new currency system".
If the crypto community cannot simply articulate how this works to the masses....then how will it ever gain acceptance? And again, will it do so free of government intrusion?
Still seeing nothing but comparing crypto-coin to US dollars. If it's gonna work, I feel like you need to get that out of the argument. But, no one seems to know how to do so. Yet.
My mind isn't totally made up. It's really just on the crypto community to convince me. And if you don't think you need to....then you're going to lose. Because if you don't think you can do it or it's not that community's job....then whose is it? The government?
That will put you in checkmate.
Posted on 12/23/21 at 9:57 am to Dawgfanman
quote:How?
Huh? They could make it illegal
Posted on 12/23/21 at 9:59 am to KCRoyalBlue
quote:
I've still never seen a rational explanation as to how crypto will work and be accepted by the masses without government intrusion and perversion of the "new currency system".
you'll have an app on your phone that holds dollars (stable coins). you'll use these digital assets to spend
that same app will hold BTC, ETH, etc (you'll use these digital assets to store your wealth)
this isn't difficult to understand.
although there were quacks like you whining about credit cards when they first came out so I'm not surprised of your takes
This post was edited on 12/23/21 at 10:01 am
Posted on 12/23/21 at 9:59 am to Dawgfanman
The network is fairly resistant to government intervention. It isn’t something you can shut down as it is decentralized and internationally dispersed and you can send tokens peer to peer without the need of a trusted intermediary. You can’t adjust network consensus parameters and have your blocks accepted by the network, so certain alluring aspects like the fixed supply are not within any government or individuals grasp to alter. Perhaps this is what that post was referring to, if we are being charitable.
But more to the point, I kind of think it could be expected that authoritarian governments would react harshly to things they can’t explicitly control but I think we are past the point of no return on nations that respect property rights ever entertaining a ban.
But more to the point, I kind of think it could be expected that authoritarian governments would react harshly to things they can’t explicitly control but I think we are past the point of no return on nations that respect property rights ever entertaining a ban.
This post was edited on 12/23/21 at 10:01 am
Posted on 12/23/21 at 10:05 am to Ross
it makes no sense for the USA to ban crypto simply because the dollar is the main currency of stable coin rails.
politicians realize this now.
the dollar will become stronger as other countries seek refuge in dollarized stable coins
politicians realize this now.
the dollar will become stronger as other countries seek refuge in dollarized stable coins
Posted on 12/23/21 at 10:12 am to rocket31
This conversation is exactly why Michael Saylor was so needed in this space. He perfectly bridges the gap between traditional financial thinking and how a digital asset like Bitcoin can be so useful as a store of value vehicle.
even the title of this thread takes be back five years, the space is evolving and people paying attention know it, but people on the sideline regurgitate the same talking points ad nauseum. It takes people like Saylor going on mainstream news channels to break the message through to the common man when message board discussions fall apart.
even the title of this thread takes be back five years, the space is evolving and people paying attention know it, but people on the sideline regurgitate the same talking points ad nauseum. It takes people like Saylor going on mainstream news channels to break the message through to the common man when message board discussions fall apart.
Posted on 12/23/21 at 10:18 am to Ross
yea, hes awesome. kinda wild he wasnt even around 2 years ago. just a couple more guys like him in 2022 and it could really change things
Posted on 12/23/21 at 10:22 am to KCRoyalBlue
quote:
If the crypto community cannot simply articulate how this works to the masses....then how will it ever gain acceptance? And again, will it do so free of government intrusion?
People easily explain it. You just don’t understand it. Sort of like my grandparents never could figure out how to work the VCR/DVD player and my mom still cannot figure out how to work the computer/internet. Ignorance is bliss.
Posted on 12/23/21 at 10:30 am to go ta hell ole miss
quote:
Ignorance is bliss.
hes the type of guy who believes carrying credit cards in our wallets with the 3-digit private key encoded on the back makes more sense
Page 3 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News