No sir. No crypto for me. Still not sold on its longevity.@IschKabibble was that you that went all in on XRP long ago then it dipped and now is having a massive run?
Sci/Tech Official Bitcoin to infinity ♾️ thread
- Thread starter SiLVa_ABCTT
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XRP is a huge scam. Great marketing team though.
If you bought it, I hope you do well and make sure to take some profits because the amount of supply still owned by founder means it will continue to get dumped on retail. So I wouldn’t wait too long.
If you bought it, I hope you do well and make sure to take some profits because the amount of supply still owned by founder means it will continue to get dumped on retail. So I wouldn’t wait too long.
Although this is true, the devil is in the details…
The fact is the bill promotes the integration of digital dollar stable coins which are all programmable, trackable, and able to freeze, lock or censor transactions as well as turn off complete access to your money.
It’s technically CBDCs without calling them CBDCs because they aren’t issued from a central bank, but all the same authoritarian, dystopian functionality of a CBDC
At this point, it seems the only thing that will reign in crypto insanity is stiff regulations, which defeats the original purpose. $TRUMP, $MELANIA, $BARRON. This shit has gone way overboard.
I don’t like Trump allowing people to make meme shitcoin pump n dumps in his name because it is not going to look good later on.
I don’t see it ending anytime soon either, especially when he has a shitcoiner as his crypto czar.
The next big fight is Bitcoin vs XRP because they are the ones trying to buy their way in to Trumps inner circle to pump their shitcoin bags.
I don’t see it ending anytime soon either, especially when he has a shitcoiner as his crypto czar.
The next big fight is Bitcoin vs XRP because they are the ones trying to buy their way in to Trumps inner circle to pump their shitcoin bags.
Safdadine ammos contended that it's value was " because money is whatever is the hardest to make".
That's very close to inciting the Labor theory of value. Unless one concedes the reason that is a highly desirable property is so the government cant fuck with it and print as much as they want.
That can be achieved in numerous other ways that require far less or zero energy as a sacrifice.
Thing's like divisibility ( not a high threshold to meet ) and a store of value / medium of exchange ? Those are things that are integral to money.
Botcoin is a very poor medium of exchange. Can you admit that ? It dosent move at the speed of light.
Look man. I'm going to go back away again.
But just know , that the entire reason "we" are having this disagreement is because government and private interests have thoroughly corrupted our money , as we know it. It has been this way for centuries.
When the church started condoning usury it was the beginning of the end.
Usury is not capitalism ( I hate that word) .
If you are going demand a 2-3-4X return on a loan then by definition there has to be more money created to cover that debt. In advance. Otherwise the remaining currency will deflate/ contract.
Banks do not operate where their balance ledger equilibriums at zero . If they did they would be a non profit charity.
We end up in a system which is far beyond fractional reserve banking. One where the only money in circulation is created by the banks ( or government spending) to pay back the debt " which keeps increasing "!.
People are enticed or in most cases forced into investing in stocks which have absolutely zero correlation to creation of money
It's a part of the system because there would be no way to protect against inflation if not for that. Yet it is 100% detached from the real world or anything to do with money at all.
The whole stock market system is like a giant bed bath and beyond scheme.
We all got fucked over centuries ago.
The Austrians are wrong. Raising interest rates will not be the solution.
It will make the problem less aggressive.
True.
How many bitcoiners were big into NFTs though. Then when that was all exposed acted like it never happened and were purely just bitcoin acolytes the entire time and the whole thing never happened ?
Just like the covid and Iraq war.
Everyone was against at the time " apparently ".
The funny thing is 90% of the people who lost money are probably other bitcoin evangelists. They're just ripping themselves off.
I'm a millenieal. It seems most bitcoin acolytes are.
I can't think of a single thing that's more lame or unproductive than trying to be a horrible imitation of a horrible person doing a horrible job on wall Street , making money for doing absolutely nothing with no benefit to society, sitting behind a computer pumping up and dumping shit coins and bitcoins with what is equivalent to currency trading. The lowest people on the ladder of money making. Currency trading is for scum.
And to be clear. Hedge fund management like Charlie hunger and Warren buffet are similar scum. The produce nothing.
My 13 year old son has contributed more to the world than they have in their entire 80+ years.
Making money for people is not a contribution or productive in itself .
If anything they have probably done the opposite.
The keystone pipeline that biden shut down on his first day I. Office fir example, that was a result of buffet paying that asshole to do that so he could keep making money transporting it on his railway line.
Bitcoin fixes the money. It’s is better money. You may not agree now but I think you would. A lot of the things you believe are totally in line with what many Bitcoiners think. Maybe not everything but you sound as close as could be.
Bitcoin taking 10 minutes is just on the main chain. Lightning transactions and other 2nd layers are instant. I did one just yesterday. Super simple and fast.
And it’s still early man. Believe it or not.
Most Bitcoin maxis were not into NFTs. They already knew they are mostly a scam. There is some fad utility but it’s just minimal. Not fundamentally any value really. Some people are still trying to grift with NFTs just using different chains and different modifiers to make them seem novel ideas but it’s all the same for the most part. It’s a larp.
And the other part of your post is correct too. Some people are close to the money printers and don’t have to do much, don’t produce anything. And believe it or not is why Bitcoiners like Bitcoin. What you said resonates well with Bitcoins “Proof of Work”.
That feature alone majorly sets it apart from most other crypto projects right off the bat.
Bitcoin is sliding hard. I just watched 2% piss away in 10 minutes. Gonna be a stressful night for traders. Especially with futures looking like shit across the board.
Peter Schiff got utterly destroyed in this little impromptu debate on Bitcoin having no utility.
View: https://twitter.com/stridentcitizen/status/1891924998303953354
View: https://twitter.com/stridentcitizen/status/1891924998303953354
i am in it for the long haul and ready for the ups and downs. i have been waay in the red and waaay in the green . you dont really lose money until you sell and i dont intend on selling any time soon (5-10 years). i stopped watching the daily ups and downs a long time ago . i dont need to stress out about a 5% loss that turns in to a 5% gain 2 days later . shitcoins or something that i will sell is different but i am not in them for the long haul at all