- 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
re: If u don't like the government start using and investing in Bitcoin or other cryptos
Posted on 9/12/21 at 11:46 am to Buckriggler
Posted on 9/12/21 at 11:46 am to Buckriggler
pretty sure thats what the SEC / XRP / and US GOV all have in common currently
1
Posted on 9/12/21 at 11:46 am to nola000
Because a bitcoin wallet is secure.....
Honestly, I want to know what fantasy you guys who advocate this are living in.
Banks are backed by the US government - you're not going to lose your assets and if you have, trust me, there are much bigger problems at stake i.e. collapse of the entire country, civil war etc.
Honestly, I want to know what fantasy you guys who advocate this are living in.
Banks are backed by the US government - you're not going to lose your assets and if you have, trust me, there are much bigger problems at stake i.e. collapse of the entire country, civil war etc.
Posted on 9/12/21 at 11:47 am to AlterEgo89
braveheart face paints and quotes are all RET TA GO
Posted on 9/12/21 at 11:49 am to andersBlake
quote:
And the us dollar can't be, what do u think the fed does when it prints money
The Fed can participate in open market operations precisely because of the demand. In times of economic uncertainty, the USD is still highly-sought after. There is a bit of inherent demand too that will keep the USD valued fairly high.
quote:
But they can make them worthless by printing a shite ton of it.
The only reason the dollar is worth anything right now is because most countries buy oil in the dollar, china and Russia are actively trying to change that
But the reason they can print is because balance of accounts is usually settled in USD, not just for oil, but for everything. Even if Russia and China settle accounts in currency other than USD, the USD will remain a reserve currency, along with the Pound Sterling, Euro, Yen, and eventually the Yuan. The Euro has a larger portion of the currency reserve balance than the other potential challengers, and is far more likely to settle accounts, in an international trade sense, than the Yuan.
Posted on 9/12/21 at 11:53 am to NC_Tigah
quote:
quote:
The whole point using bitcoin is to decouple from government and not pay taxes
Let us know how that works out for you.
I'm starting to think conservatives are the weakest group of people in this country, they only act tough on the internet whenever there guy is in office, a sitting president just went on tv and said he was tired of y'all's shite and this how y'all act, at least socialist had enough balls to take to the streets when trump was president, all I see from conservatives is fake tough guy 2nd amendment memes
Posted on 9/12/21 at 11:53 am to nola000
quote:
The problem is, digital currency can still be controlled and manipulated. Ultimately they're just ones and zeros on a computer screen. It's the Dominion Voting Systems of monetary exchange mediums. The best money is still cash. Physical money. Even if it's fiat like USD. You can't seize my Benjamin's without prying them out of
Read up a little on Bitcoin before you talk it down. Centralized vs decentralized.
This post was edited on 9/12/21 at 11:55 am
Posted on 9/12/21 at 11:55 am to andersBlake
quote:
If u don't like the government start using and investing in Bitcoin or other cryptos
right, because the corrupt government can't completely shut down the digital currencies and reach in and steal them from you.
Posted on 9/12/21 at 11:59 am to Buckriggler
quote:
You are assuming that governments can't and won't take over crypto. I'm sorry, but I just don't see that not happening.
The government can't take over something that is decentralized, they can regulate it in there own country but they can't take it over
Posted on 9/12/21 at 12:04 pm to CDawson
quote:
quote:
If u don't like the government start using and investing in Bitcoin or other cryptos
right, because the corrupt government can't completely shut down the digital currencies and reach in and steal them from you.
Do u think they can't do this with the dollar, did the president not just say u can't use a bank unless vaccine passport
Posted on 9/12/21 at 12:12 pm to AlterEgo89
quote:
Honestly, I want to know what fantasy you guys who advocate this are living in.
The one we're a sitting president just went on tv a told half the country he was tired of there shite
quote:
Banks are backed by the US government - you're not going to lose your assets
But what if u can't use the bank because u aren't vaccinated or think a certain way
quote:
there are much bigger problems at stake i.e. collapse of the entire country, civil war etc.
Hence getting decoupled from country about to collapse
Posted on 9/12/21 at 12:36 pm to andersBlake
In a true economic crisis only tangible assets will be worth having. Something you can barter with, eat or use to protect yourself. Bitcoin won’t do you a bit of good if the grid comes tumbling down or there is a food crisis.
Posted on 9/12/21 at 12:50 pm to andersBlake
quote:
pressure your local government and business leaders to make Bitcoin and other cryptos accepted or payed out
They have to be able to tax it first
Posted on 9/12/21 at 12:56 pm to nola000
quote:
The problem is, digital currency can still be controlled and manipulated. Ultimately they're just ones and zeros on a computer screen. It's the Dominion Voting Systems of monetary exchange mediums. The best money is still cash. Physical money. Even if it's fiat like USD. You can't seize my Benjamin's without prying them out of my cold dead hands. In person. Tangibly.
You have no idea what you are talking about boomer
Posted on 9/12/21 at 12:58 pm to bayoudude
quote:
In a true economic crisis only tangible assets will be worth having. Something you can barter with, eat or use to protect yourself. Bitcoin won’t do you a bit of good if the grid comes tumbling down or there is a food crisis.
Decoupling from federal gov would be hard at first but it can be done without bartering living in stone age, Texas has it own power grid, maybe other states should start building there own
This post was edited on 9/12/21 at 12:59 pm
Posted on 9/12/21 at 12:59 pm to AlterEgo89
quote:
Honestly, don't do this.
Soon you may not have a choice. Central banks are developing their own digital currencies (CBDCs) and the question for you is do you want to hold CBDCs that will be inflated just like the dollar or transfer your savings into other digital asset that cannot be printed?
Posted on 9/12/21 at 1:01 pm to Jack Daniel
quote:
quote:
pressure your local government and business leaders to make Bitcoin and other cryptos accepted or payed out
They have to be able to tax it first
That would up to the local government and people that live there
Posted on 9/12/21 at 1:05 pm to DingleBarry
quote:
pretty sure thats what the SEC / XRP / and US GOV all have in common currently
The SEC is going to lose its lawsuit against Ripple/XRP. Plus XRP is bigger than anything the SEC can control.
Posted on 9/12/21 at 1:08 pm to crazy4lsu
quote:
But the reason they can print is because balance of accounts is usually settled in USD, not just for oil, but for everything. Even if Russia and China settle accounts in currency other than USD, the USD will remain a reserve currency, along with the Pound Sterling, Euro, Yen, and eventually the Yuan. The Euro has a larger portion of the currency reserve balance than the other potential challengers, and is far more likely to settle accounts, in an international trade sense, than the Yuan.
The USD has had a good run. Reserve currencies change about every 82 years.
Posted on 9/12/21 at 1:09 pm to andersBlake
Uh, that's good advice for getting arse raped by the irs
Posted on 9/12/21 at 1:11 pm to APHA
quote:
Read up a little on Bitcoin before you talk it down. Centralized vs decentralized.
This sounds like someone who just learned about crypto in the last two years.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News