If anything I'm the screw up in the family so wouldn't be worried about getting fiat back. My sister makes more money than me, however she works in Paris and wants a flat not too far, so that's around 10000€ for 1 square meter of living space...
My parents were both public servants so yeah, pretty socialists !
Wait...your sister makes more money than you do, yet you are being nagged to give her money??? And she live in Paris?!?! WTF dude? This is total BS. You've got to grow a pair and tell your family to fk off. Seriously. Boundaries dude. |
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Last week I had too much work and missed the time corn went over 40000€. Now it's firmly over that. My father is nagging me to sell, to give money to my sister (by selling), I told him countless times I sold enough (too much) and am not going to sell anymore until much higher prices if ever, but he continues, annoying !
Your first mistake: telling your family that you own bitcoin. Your second mistake: selling your bitcoin to give money to your sister. A third mistake you can't do anything about: having a Socialist for a dad, and a sister who is needy and broke. Tell your family to go pound sand. |
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I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset
It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair. How is a home not an investment? Is rent free where you are? Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment. |
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I'm also unflinching in my wondering of why Peter McCoremack has dropped the defence of "truth".
Something something "no proof", something something "need signed message", perhaps?  |
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Always make sure your house has a fireplace. Friend in Texas is -3 temps and no power. A miserable heat pump won't do squat in that case.
... right, doesn't need to be wood fire just something that burns, when all else fails the ancient way to combat ice is with fire ... diesel, oil, gas, propane, wood, plastic ... anything that burns to survive, fuck these greenie idiots who've never lived in a true time of want or need Yeah but propane prices are through the roof rn. What happens if they keep going up? |
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The pessimist complains about the wind;
the optimist expects it to change;
the realist adjusts the sails.
-William Arthur Ward
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ECB took to their Twitter account on Valentine's Day to Tweet out a love poem about monetary policy.
Roses are red
Violets are blue
We’ll keep financing conditions favourable
‘Til the crisis is through#ECBmyvalentine #ValentinesDay
— European Central Bank (@ecb) February 14, 2021 ... the delusion grows strong with these ones "Favourable to whom?" is the appropriate response. And are they implying that they will change financial conditions back to "unfavorable" when the crisis is over? Lol |
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But not the one thing that would unequivocally prove it.  |
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the combination of the best performing asset in the history of finance being also the by far most volatile asset in history is a heavy weight to lift. we are not specially trained, hardened professional traders with balls of steel. most of us are regular guys who would have never chosen becoming traders. with selling the entire stash being just a mouseclick away, hodling btc is like trading - you choose not to sell, every new moment, every new day, every new wave of FUD.
We had no choice but to grow balls of steel ourselves. when your life savings can literally evaporate overnight, getting up in the morning, checking the price would be hyper stressful for a someone not used to it. it became routine for us. but it takes time for those balls to harden. and sometimes, for example when reaching a certain threshold money figure like $100 000 or even 1mio, even seasoned btc hodlers can experience high stress levels again.
I definitely recommend taking a little profit and treating yourself now and again. Not too much cause it hurts when the price goes up and the toy you bought for $50 would have got you $500 or even $5000 (though this in itself is good training to hodl) but it's definitely nice to know that even if everything went to 0, you'd still be ahead. Another thing is to make a plan and stick to it and remember that you can't predict the future, only make the most of probabilities. Also, you can't take it with you. Just take your initial investment back as that relieves any stress. Nothing beats Playing with House Money.  I agree with this. Hodl until you can take out your initial investment and still have plenty left over, and then liquidate it into some other deflationary asset like a house, land, a business, PMs, etc. And pay off any debts you owe. That way no matter where Bitcoin goes from there, you can always say, "Well at least I have [X/Y/Z] to show for it."
(But for the love of god don't buy an expensive car with it, that's just stupid) |
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<snip>...bitcoin to continue to produce its various kinds of foundational "utility"...</snip>
By jove JJG I think you've grokked it! If you can set aside your Craig Derangement Syndrome for a second and take an objective look at what BSV is doing you would see that this "foundational utility" is at it's core (pun intended). BSV has merely reverted to the original design of bitcoin. Restoring SCRIPT, removing the unnecessary (can be done in SCRIPT) P2SH, removing various limits that allow it to scale. As it *always* could. So this foundational utility is in Bitcoin *right now*. It always has been. Remember SCRIPT was there at the beginning, core disabled it. (which is why Vitalek made Ethereum... you do remember all this stuff right?) I too have consistently talked about how utility value eventually outweighs speculative value. In that post (7 years old now, btw and I'm *still* saying the same thing. *Exactly* the same thing) I talk of "the adoption curve" this is driven by utility. I've already banged that same drum in this very thread! So it's refreshing to hear others starting to see this. I think your talk of me "giving up on his stupid-ass ideas" is wishful thinking, or perhaps even projection. I do wonder that some of the things I am saying might eventually seep through the thick skulls around here ;p Sorry to piss on your "utility" parade sgbett, but: As long exchanges charge 1-2% just to purchase BSV, another 1-2% to sell it, and (in the U.S. anyway) the IRS wants to tax it for either short term (income) or long term gains (15-20%), coupled with the fact that no merchants want to accept it for any goods or services, I'm afraid that your dream of BSV "utility" as a worldwide daily currency is completely DOA. There is zero incentive to buy and use BSV over just using fiat accounts for daily purchases. Add in the fact that the fraud CSW is at the helm of it all, and basically BSV is already a zombie coin that will never go anywhere. Like, ever. But keep dreaming...delusion can run soooo deep. |
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I missed the hat thing. I haven't asked what it's about but I am curious. If it has anything to do with the UASF hats, I'm not interested.
It has nothing to do with UASF. The hats thing is just a fun thing given to hi merited, perhaps worthy frequent flyer contributors to the WO thread. |
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I'm not even implying it is necessary to use blockchains in tracking deliveries. I'm just pointing out a field of application where it might be useful to use some kind of blockchain
No, if a blockchain is not a necessary component of the use case (because a cheaper, faster, or more efficient technology can be used instead and it works fine), then it is not even useful. Period. |
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i think he is pissed about bitcoin because of this: It was taken over by Covid denying sociopaths w/the sophistication of amoebas which is an impression on could get when seeing bitcointwitter and nothing else. there is a very vocal group, even guys like tone vays went down this shithole. but: if my political opponent is getting rich isnt it my duty to also get rich? an asshole finding out about a great tool does not make me want to not use the great tool. of course i keep using it. cant let the opponent have the benefits just for him. Universal money has no ties or affiliation to any political group, religion, tribe, association, or other, nor should it. It is completely agnostic and ambivalent to who uses it. |
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Of course, a certain fraction of bogus data makes a database worthless if you can't locate it and fix or erase it.
I'm trying to make a different point: legitimate uses of blockchains - unlike THE blockchain: maybe not permissionless, not PoW based etc - for specific application. An example: tracking deliveries.
You talk about tracking deliveries as if it is necessary and mission-critical that that use case have blockchain tech attached to it. The last 30+ years of our working "global parcel delivery system" would like to have a word with you. Blockchain not bitcoin: solution looking for a problem that either doesn't exist, or isn't that critical. Bitcoin solves a problem and the problem is what Bitcoin solves.
Statement of the century. |
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