I could be OK with 500K per, but just barely. EDIT: as to printing and taxes-I never got stimmy II even though they have my info. A post office "dog'' must have eaten it. I just hope that I would not have to go through some bureaucratic nightmare when turbotax would claim that I got it and I did not (de facto). I file my taxes in october a legit extension. as of today no stim check ii and no tax refund. over 4k due me between the two. maybe it comes on my birthday at the end of this week. I got stimmy 2 but no stimmy 1. My SO got neither yet. What a fkd up system.
|
|
|
The govt has to print the money first in order to give it to you to pay them the taxes, duh. /s
|
|
|
Lol
|
|
|
About Japan and inflation, keep in mind Japan is a very special country. All the kinky stuff aside, Japanese people own a majority of their stock and bond markets, on top of lots of assets in other countries. Then large companies are run like families, where layoffs are minimized, etc., and employees are very loyal. Then there is the fact they're not making children anymore, and there is no immigration. Many factors that can explain the low inflation despite printing money.
Yes that. And there's other factors that create such a low inflation (stagnant) environment there for decades. If there is no real wage growth (salaries are capped or stagnate), no population growth, and the supply chain of goods/services is controlled in such a way that prices don't change much, then guess what, you don't have more fiat Yen chasing less goods/services so you don't get more main street inflation. At all. The banks just keep buying up more and more debt, and none of the newly printed fiat gets down into the pockets of the Average Joes and Janes. People there make just enough money to live and get by, and that's about it. "Everyone has a job and is happy, but no one owns anything." Or so the Socialists would say.
|
|
|
That Gamestop run up was put together by a Reddit group. They set out to wreck all of the shorts that had been set. They succeeded.
The guy who put it together pulled in $11 million from the run up.
Well hopefully everyone involved in the short squeeze made money. I believe some (perhaps many) of these mega short positions were naked, and if so, deserve to get squeezed. The Wall Street/Mega Institution corruption in the markets must be challenged and rooted out. Well played. https://old.reddit.com/r/wallstreetbets/comments/l3z0n8/howd_you_guys_manage_to_win_so_big_it_made_these/
|
|
|
OT: Wow...just look at stonks like Gamestop and Blackberry. Ridiculous pump and dumps everywhere.
|
|
|
The same financial rags claim that Bitcoin is also the most crowded long trade, not the most shorted. If traders truly thought it would halve from here, they'd be majorly leveraged short. Nothing to see but FUD here, move along...
|
|
|
Speaking of Covid, here's a clinical trial using a cocktail of low cost, readily available therapies (MATH+) given to various stage hospitalized Covid-19 patients. https://covid19criticalcare.com/wp-content/uploads/2020/12/MATH-plus-Rationale-Journal-of-Intensive-Care-Medicine-Dec2020.pdfJust look at the result outcomes on page 14. "The average hospital mortality at these 2 centers in over 300 patients treated is 5.1%, which represents more than a 75% absolute risk reduction in mortality compared to the average published hospital mortality of 22.9% among COVID-19 patients."
Of course the MSM has been dead silent about this. Gotta push those expensive vaccines.
|
|
|
However, where is hyperinflation in Japan that started supporting market with printed money at least since 1992-1993 (3-4 years after their 'bubble' started collapsing)? As long as money velocity stays low, we will not have high inflation.
Look Biodom, I've seen you make this statement more than once on this thread. Respectfully, you're wrong. https://www.shadowstats.comhttps://chapwoodindex.com/The way the Fed calculates CPI is just complete bullshit. It's a fraud.
|
|
|
... this "have fun staying poor" meme is an arrogant dick kind of thing to say too. Some people can be rich without a cent ... or a satoshi.
I have to agree about the meme, it shows a sort of arrogance of the "haves vs. the have nots" and is beneath the Bitcoin movement. It smacks of tribalism. But it was designed to get no-coiners attention and make them think about wtf is going on. I prefer something like "Have fun during the hyperinflation" but that's kind of wordy.
|
|
|
I'm not much of a MMA fan anyway, but I can't root for someone like Conor.
That guy is an asshole and a bully. He deserves to get humbled more than once.
I mean, I heard he physically punched some poor old man at a bar for politely turning down a free shot that Conor gave out. Not to mention all the other classless bullshit he's done outside of the ring.
Fuck that guy.
I guess long gone are the days when fighters actually had some humility, grace, and class. Like Ali.
|
|
|
In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped
File a motion to dismiss, lawsuits with no merit get thrown out easily. Easy peasy, no coordination needed. I'm sure CSW already knows this, but his followers don't because they are the special kind of idiot. People following a dude calling himself "the punishment of god..." certainly have to be a very special kind of idiot Ya'know, it doesn't surprise me at all that cults could form around certain cryptocurrencies, with their originators thought of as messiahs. In fact, Keith Raniere is in a jail cell somewhere, looking at what CSW is doing, and thinking to himself "Now why didn't I think of that! I could have been rich, but all I got was some tail!"
|
|
|
In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped
File a motion to dismiss, lawsuits with no merit get thrown out easily. Easy peasy, no coordination needed. I'm sure CSW already knows this, but his followers don't because they are a special kind of idiot.
|
|
|
BSv is totally not a cult, nope not at all Psychologists who would compare this message to the writings of the actual Satoshi would say that CSW is definitely *not* Satoshi, because Satoshi never ever wrote narcissistic, delusional statements like this.
|
|
|
No shitcoin has replaced bitcoin in over ten years. And no will do that for the rest of our lives.
God I wish people would stop with the shitcoin stuff. Ethereum is a coin in bad faith, has been ever since the DAO "reversal" which showed everyone just what ether really is and what they think about ownership. You own bitcoin. You don't own ether, they let you have it. For now. People want to pass up value today for supposed value in the future that may never come. Case in point, if you hypothetically froze the codebase of every cryptocurrency in existence today and said there would be no more updates to them, ever. Bitcoin:The existing codebase has so much almost perfect set of attributes/functionality/security/value as deflationary money and settlement that, frozen in its existing form, could still one day become a world reserve currency. It's that good, even as-is. The devs would never have to touch another line of code and still it shows the amazing value it gives you today and into the future. If no other crypto existed but Bitcoin, the world of the future would be fine. Better than fine, actually. Shitcoins: Nope, every single one of them base their current value on "new functionality coming in future", "new promised updates", "future extensions", "coming infrastructure re-platform 2.0/3.0/4.0" etc., etc. Freeze their codebases and their worthlessness would be exposed overnight. And almost all of them are still awkward solutions looking for problems and use cases that either don't exist, or are not really a problem at all. Get rid of them all, and the world wouldn't miss a beat or care. That alone shows you how shallow/flimsy they all are.
|
|
|
They need to change the company name from NexTech to NotTech. If they really sold because they "think" that a double spend has occurred, then they are the biggest idiots known to man and deserve to be no-coiners. Edit: Saw on the thread that they held for less than a month.
|
|
|
may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! man, is this schiff guy such a dim light? look at a kilogram of gold. that is 1000g of gold. 1 gram of gold is 1000000000 ng 1000gram of gold is 1000000000000 ng which is one trillion nanograms. one trillion ng is anything but scarce! do we really need to discuss with guys that full blown stupid? divide a pizza 1 trillion times and feed the world forever with it? jeez... Peter Schiff knows what he said is complete nonsense. He's just gaslighting, as usual. I'm sure his next tweet will be something like "Why would anyone want to wait 10 whole minutes to have a Bitcoin transaction verified?? I can hand someone a gold coin in mere seconds!"
|
|
|
I've watched a few videos on youtube where Michael Saylor was a guest, each one about an hour long. He makes a lot of sense and explains in plain english what it means to him.
Considering he started learning it all just last year, in 2020, he's not bad at all. Dude is MIT graduate I think. Rocket Scientist or something.
it is encouraging to see how fast an open, smart mind can go down the bitcoin rabbit hole. now compare that to those who should professionally be open minded in such a way that they could at least comprehend bitcoin and write about it to their readers: the journalists. them failing miserably for almost a decade. Correction, he knew about bitcoin in 2013, but turned around in 2020 and is now our favorite CEO whale. Yup. Here's a tweet he posted in Dec 19, 2013: https://twitter.com/michael_saylor/status/413478389329428480It's good that he finally saw sense, albeit 7 years later. Just imagine the profits he could have made, if he was smart enough to buy in 2013 (or 2014, or 2015, or...). I remember that day week like it was yesterday. If he had "bought the dip" then: ~$385/btc. Instead he paid around 30X higher. In 7 years from now, if we 30X again we'll be > $1M/btc.
|
|
|
|