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^^^^^
The lifelong usury contract with banks only works when Average Joe's income can keep up with and somewhat exceed inflation.
When that breaks down, all bets are off. The beginning of the end for banks.
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The next step is CSW will pursue reclaiming the Bitcoin brand through the courts, people seem to detest this approach - but ask yourself if he is fraud then why would he be going to court. That is the last place fraudsters and scammers want to end up!
The people that know what's going on, but continue to deny the reality of the situation - well they only have themselves to blame.
The innocent people that do not know what is going on is who I feel for most.
So where's the signed message as proof of Satoshi? Delusion is a hell of a drug, sgbett. CSW
Now I start to understand what's your agenda. LoL! I love how those 3 little letters make it impossible for people to read any other words around them. Because he's a fraud. A con man. A proven plagiarist. A snake oil salesman. And you're one of his best customers. |
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I imagine that MicroStrategy's top investors saw the stock price action after the initial Bitcoin acquisition, and then told the CEO to "buy as many Bitcoin as you want!"   |
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The MSM right on time with the Bitcoin negative news. CNBC makes sure it's at the top of the home page these days.  Bitcoin briefly tumbles below $30,000, falling 12% so far this weekhttps://www.cnbc.com/2021/01/21/bitcoin-drops-below-30000.html"However, Biden’s choice of Treasury Secretary, former Federal Reserve Chair Janet Yellen, is a crypto skeptic who warned earlier this week that the government may need to “curtail” the use of virtual currencies to prevent illicit activity."
TL/DR Message: Dammit Average Joe, why do you care so much? Stay the fk away from Bitcoin! Janet Yellowstain is gonna smash it! |
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They want sub $30K sooo bad...
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I bet the MSM could publish complete nonsense articles with headlines like "The Bitcoin blockchain actually caught fire today, sending the price plunging" and there would be a FUD dump. Also, how many double spends occur regularly on the dollar fiat blockchain? I bet a lot, lol. |
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Ah the old fake "double spend" news as well. Classic.
Someone must have wanted to take a large position.
I figure that we're only about 2-3 months out from a major bullish announcement. One of many coming this year.
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Yep, the MSM is always right on top of it when reporting negative Bitcoin news.
Two-day bitcoin sell-off wipes out $100 billion from the entire crypto markethttps://www.cnbc.com/2021/01/21/bitcoin-btc-price-falls-wiping-off-100b-from-entire-crypto-market.htmlAnd of course their favorite word "plunge" shows up several times. "However, skeptics worry that bitcoin is just another market bubble waiting to burst. The cryptocurrency is known for its volatility — it skyrocketed close to $20,000 in late 2017 before plunging the following year."
Ya hear that Average Joe, stay away! |
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The poor girl! She'd been planning that for 4 years and Jack pulled the rug right out from under her with his permanent suspension of Trump. Actually, the joke is on her... because the dig is completely lost on people like Trump. Narcissists don't remember what they said 5 minutes ago, much less a year later. And when reminded of it, they don't fkn care. It's as if they never said it in the first place, and you are petty and stupid for even bringing it up. Selective amnesia and all. That's why it's not really a 'burn' to people who are Teflon-coated. You can never "gotcha" these types. They are frustratingly unaccountable. Anyone who has been around corporate executives (VPs, C-Level, etc.) will know exactly what I'm talking about. |
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Gee, I really do wonder if the Fed money printer go brrr has any correlation to the stock market. Oh, wait...  Also notice where the Fed 'temporarily' stopped buying (er, printing)....2018-2019. Did someone at the Fed know something was coming? |
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On top of that, i loved *pple for the quality of their products and stable operating systems.
This changed 2015-ish a lot, after which i decided to move back to windoze again. didn't regret it, apart from some delicate pieces of VST(i) plugins, of which no windows ports were available. The fact that ableton live runs on both system made the decision easier as well (originally came from cubase on x86).
I never loved Apple because of the walled garden attitude, long before they became a fashion brand. The stability of the OS is greatly helped by their all in-house hardware. Windoze, while being far from perfect, works whatever you throw at it. And they really care for backwards compatibility. This I really like. Apple's approach to backwards compatibility is "Well dear, you're still using THAT? It's from 2020, you penniless bum!" BTW, which VST(i)s have you found hard to replace? I felt a similar pain when they bought out CamelAudio and gardenwalled Alchemy, which used to be my favorite softsynth. This 100% is why I will never, ever purchase another Apple IOS product - the 'walled garden' approach. These devices are seriously limited and that's not a good thing in any way. Warren Buffett said "Price is what you pay, but value is what you get." I've had colleagues that were long time Apple iPhone users, but as the price has crept up in the last few years, they started noticing that the actual "value" (return) they were getting was starting to stall out. When many of them switched over to Pixels or Samsungs, they were surprised to find value parity, and in some areas value superiority in either the hardware or software. The cult of Apple can be so strong as to convince their diehard users that everything outside the walled garden is complete crap. |
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So...whenever Bitcoin goes from a long, multi-year bear market to start of a new bull run, the MSM pounces to immediately say Bitcoin "is in a bubble".
Every. Single. Time.
Any long time OG Bitcoiners notice the pattern?
I guess the only two binary states that Bitcoin can be in is either "dead" or "bubble". Nothing in between.
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WRT personal technology, the masses' rationality makes zero sense. Spending $1000 on a laptop, just to: have the occasional chat, play a game, check the time, and check the weather. Masses: What a huge waste of your money! Spending $1000 on a smartphone, just to: have the occasional chat, play a game, check the time, and check the weather. Masses: This is the way! Great use of your money! |
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have a look at this article in one of the most reputable (conservative) german newspapers - the F.A.Z. (it is in german and behind a paywall, meh) https://www.faz.net/aktuell/finanzen/alternative-digitalwaehrung-ether-besser-als-bitcoin-17149396.htmlfor the last decade the FAZ was had a critical stance vs bitcoin. now, after 10 years of bitcoin bashing they come up with an article claiming that ETH "is better than bitcoin." no word about it being centralized. no word about there is no cap. no word about the fact that it is not possible to run a validating node in the ETH network. no word about the fact that its design is fucked up from scratch trying to become a "world computer" on chain. no word about the fact that it has no valid monetary policy. the FAZ has never understood bitcoin, bashing it for years and then went one to welcome this pre-mined scam without the slightest critique. they fell victim to their own moronic stupidity. it all started with the false categorizing "crypto" either "cryptocurrency" is a valid category and only bitcoin is in it or crypto means outright scam and bitcoin does not belong in it. You said it. I told my SO the other day, "Ethereum didn't make any sense to me at $0.50/eth and was a scam then, so it is still a scam to me today. Its price or popularity changes nothing." Same can be said of all the other shitcoins. I believe the "crypto" market was created on purpose, solely to distract and drive people away from Bitcoin. If a sound asset doesn't have any real "competitors", they (whale traders) have to make them up. |
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https://twitter.com/smdiehl/status/1350869944888664064Let's discuss the environmental cost of bitcoin. Because despite all the push for sustainable and green investment in the tech sector, there's a giant smoldering Chernobyl sitting at the heart of Silicon Valley which a lot of investors would prefer you remain quiet about.
...
TLDR on bitcoin economics: It's a pyramid-shaped investment scheme backed by the collective delusion that value can created out of nothing by convincing greater fools to buy it after you do.
...
Stephen, this is really bad, how can I help change this?
* Don't buy bitcoins.
* Tell friends not to buy bitcoins.
* Consider ethics of holding dirty companies ($MSTR, $SI, $SQ, $PYPL, Coinbase) in your portfolio.
* ... and products (funds, ETFs, etc) with crypto exposure.
/fin
...
As a final aside, this is very politically solvable. In the next administration Biden could stop the Bitcoin Waste Problem with the stroke of a pen.
Banning US persons from trading these digital investment contracts is well within the powers of executive branch.
/done
This smells of just another neckbearded IT guy that probably knew about Bitcoin many years ago but sat on the sidelines and did nothing, so now he's bitter. 
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Reasoned piece in NYM: https://nymag.com/intelligencer/amp/2021/01/why-is-bitcoin-making-new-all-time-highs.html?__twitter_impression=trueKey quotes: The entrepreneurs working to make cryptocurrency easier to acquire, hold, and transact with have been working diligently to improve this financial plumbing in anticipation of a full-scale monetization event. Today, it seems that this moment may be upon us.
The first time, your interest may be piqued, but you are wary of buying into something that looks like a bubble. The second time, you realize that what you mistook for a bubble was in fact a cyclical process in a longer-term trend.
Personally, I think the story is far from done and that this revolutionary digital asset still has a long way to run.
Good stuff. Don’t sell cheap Can't wait to read the MSM headlines 20 years from now:
"Bitcoin still in a 30 year bubble that's about to burst""Bitcoin plunges 20% to just under $5,000,000 within minutes, now in a bear market""Peter Schiff says Bitcoin still going to zero, buy gold" |
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Nice read. I agree on all his points. The way I look at things, whether the dollar gets weaker or stronger in the near term, as interest rates rise the Fed will move to cap them at ~2-3%. The dollar will take a hit. Whatever they do though, they definitely *won't* be turning off the money printer. It's just a matter of how fast they inflate the money supply. Which long term will just mean more asset price inflation. |
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