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re: The demonization of crypto has stepped up
Posted on 4/19/21 at 9:17 pm to CelticDog
Posted on 4/19/21 at 9:17 pm to CelticDog
The government has never been able to generate the good kind of inflation. Such a stupid strategy and you're essentially cheering on the concentration of industry which has always produced horrible economies.
0
Posted on 4/19/21 at 9:24 pm to Whiznot
One could easily say “most of the stock markets volume is collusion”.
Every single argument made against crypto has real world examples in all fiat markets.
You guys think this is a point?
Lol. You have zero clue as to what you are talking about.
Every single argument made against crypto has real world examples in all fiat markets.
You guys think this is a point?
quote:
Colluding market makers are free to engage in riskless trades between each other at massive volume inflating prices with each trade. The speed at which prices rise should make that fact obvious.
Lol. You have zero clue as to what you are talking about.
This post was edited on 4/19/21 at 9:28 pm
Posted on 4/19/21 at 9:26 pm to JayDeerTay84
One could easily say “most of the stock markets volume is collusion”.
Citadel and Maverick say hi
Not just that the entire repo and bond market is ponzi like as they can only sustain the guise of solvency with growing populations and inflated asset prices.
Something like 25% of the S&P are zombies that can't survive without price fixing in the bond market.
Citadel and Maverick say hi
Not just that the entire repo and bond market is ponzi like as they can only sustain the guise of solvency with growing populations and inflated asset prices.
Something like 25% of the S&P are zombies that can't survive without price fixing in the bond market.
This post was edited on 4/19/21 at 9:30 pm
Posted on 4/19/21 at 9:29 pm to wutangfinancial
Or how about the Fed just printing. These turds expect us to just think it’s normal.
BTC is more real than the dollar.
BTC is more real than the dollar.
Posted on 4/19/21 at 9:33 pm to JayDeerTay84
They aren't really printing yet they've taken the next step though in fully embracing the theories circling in academia.
Posted on 4/19/21 at 9:34 pm to notsince98
(no message)
This post was edited on 8/11/23 at 9:52 pm
Posted on 4/19/21 at 9:37 pm to PetroAg
Ya exactly. It's just like holding physical gold. Don't get me wrong I'm a bit of a bug but it would be meaningless to own anything valuable workout lots of guns to protect it.
Posted on 4/19/21 at 9:51 pm to notsince98
The physical gold circulating in Rome is still being used today. Let me know what bitcoin is doing in 2,000 years. And don't forget the key to your wallet or let your kid lose your thumb drive.
Posted on 4/19/21 at 9:53 pm to GrizzlyAlloy
Not just that but the Treasury owns a frick ton of gold if I remember right. They can use that to recapitalize and deleverage by selling it to the Fed. I think it's one of the more interesting theories floating around.
Posted on 4/19/21 at 9:59 pm to GrizzlyAlloy
Yea. You got some of that Rome gold?
Posted on 4/19/21 at 10:06 pm to Padme
Central banks and governments are getting concerned about the adoption of crypto by the public. Why? Because crypto cannot be printed.
What do I mean by printed?
The federal government through congress spends more than tax revenue. The federal government sell bonds to make up the difference. The past decades and especially the last decade the Federal Reserve has stepped in and purchased the bonds the U.S. Treasury could not sell to the general public at a particular price. If they tried it would have lowered bond prices too low and raised interest rates greatly. That is unsustainable for a congress that likes to spend more money than it takes in as tax revenue.
Enter crypto. If more and more people adopt crypto as a means as storing part of their wealth and for money transactions it reduces the federal governments control over your money and dampens their deficit spending.
The Federal Reserve Note is designed to decrease in value 2% per year. That is the stated goal of the Federal Reserve. Why would you want to hold on to a depreciating asset? That is just dumb IMO.
What do I mean by printed?
The federal government through congress spends more than tax revenue. The federal government sell bonds to make up the difference. The past decades and especially the last decade the Federal Reserve has stepped in and purchased the bonds the U.S. Treasury could not sell to the general public at a particular price. If they tried it would have lowered bond prices too low and raised interest rates greatly. That is unsustainable for a congress that likes to spend more money than it takes in as tax revenue.
Enter crypto. If more and more people adopt crypto as a means as storing part of their wealth and for money transactions it reduces the federal governments control over your money and dampens their deficit spending.
The Federal Reserve Note is designed to decrease in value 2% per year. That is the stated goal of the Federal Reserve. Why would you want to hold on to a depreciating asset? That is just dumb IMO.
Posted on 4/19/21 at 10:13 pm to JayDeerTay84
quote:
Or how about the Fed just printing.
You can go right on the Federal Reserve's website and they show right here how much they are printing.
Where do you think the Federal Reserve is getting that money to purchase all those assets to put on their balance sheet. Yeah, they are not saving up money from a part time Uber job...they are fricking printing (digitizing) it.
Posted on 4/19/21 at 10:15 pm to GumboPot
They aren't printing legal tender they don't have that ability yet
Posted on 4/19/21 at 10:46 pm to CelticDog
quote:
the great biden recovery will allow us to pay down the debt.
Imagine being so brainwashed and in love with the left that you say something like this. Never change Celtic
Posted on 4/19/21 at 10:50 pm to notsince98
quote:
cash is physical and carries all those advantages with it
It also carries the Great Seal Of The United States on its reverse: Annuit Cœptis/ Novus Ordo Seclorum-- He has approved of our undertakings--A New Order Of The Ages. Pretty powerful messages. Not to mention, E Pluribus Unum--Out Of Many, One.
Crypto has nothing on real currency.
This post was edited on 4/19/21 at 10:56 pm
Posted on 4/19/21 at 10:53 pm to tarzana
Your trolls aren’t near as subtle as they used to be. tDecline is real
Posted on 4/19/21 at 10:56 pm to CelticDog
quote:
the biden approach is to reduce expense by inflation.
and its useful for planning.
It creates massive wealth inequality and debases our sovereign currency. This isn’t a Republican/Democrat issue. What you are describing is an unsustainable bubble and the creation of cryptocurrencies was both an ingenious use of cryptography in a novel way and a market response to this kind of terrible monetary policy.
Posted on 4/19/21 at 10:58 pm to GrizzlyAlloy
quote:If you don't have Bitcoin in your portfolio you're an idiot.
The physical gold circulating in Rome is still being used today. Let me know what bitcoin is doing in 2,000 years. And don't forget the key to your wallet or let your kid lose your thumb drive.
Posted on 4/19/21 at 11:01 pm to alphaandomega
quote:That so? I have lots.
Currently the best thing to purchase (and it is expensive) is lead.
Posted on 4/20/21 at 6:17 am to lsu777
Honest question: can I go to the grocery store and pay for my food with bitcoin....or any other crypto.....today?
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