[clipped epic rant]
1)
6999 shitcoins (aka "products") with no use case other than scamming (or like in ETH case, the use case is enabling scamming in different layers (ERC20, DEFI, NFT) on one side. people get scammed to buy tokens that should have never been sold for money. in bitcoins case a market had to be established to facilitate price finding and distribution. how on earth did that emerge as a model to straightforwardly sell vaporware to "investors"? looking at you coinmarketcap and at you - exchanges. why would you sell digital gold on one side and 6999 fake gold shit on the other?
2)
5 years of billions invested of global consortiums of the biggest global players (looking at you, CORDA) in all kinds of "blockchain" products that never saw the light. hundreds of conferences, thousands of marketing suits, spitting out the same "blockchain is the future" sheit year after year after year - and to this day NOTHING, NADA, NULL, ZERO use cases.
how doesn't anybody see the strange asymmetry between two industries both working on "blockchain" - one side has 6999 products with no use case and the other is the plethora of existing companies desperately searching for products. why don't they just team up?
because their concept is laughably incorrect, they can't merge since blockchain is no tech. both sides derailed from real IT to a mere buzzword. trying to build industries on it.
what a shitshow.
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This debate is total cringe.
God help us all.
This is why people shouldn't care tho.  |
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There are tons of things that are horrible in fiat world but this is not one of them, 2% inflation is not as bad as you think it is.
Ummm, are you even following the latter part of this thread? We're saying that the FED is lying, that the 2% inflation target is bullshit, because the real rate of inflation is a LOT higher than that, and has been for some time now. |
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Sorry to bring up this post, but I am once again 50 pages late in reading the WO... (* Another subject that I recently began to write about, and did not yet finish: Fractional reserve banking is mathematically impossible with Bitcoin. Because fractional reserve banking is not what most people think it is—it is worse—it creates money out of thin air, whereas it is impossible to loan new bitcoins into existence out of nowhere.)
Indeed, this is why I have been looking into DeFi. I see a legitimate function here. A new gold standard, where Bitcoin, the digital gold takes the place of the physical gold, while some higher layer DeFi token, compete in a free market for dominance à la Hayek, allowing a full financial system (yes, with credit allowed by fractional lending) based on a decentralised, trustless framework.  |
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My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.
You can: 1. Remind her that without your initial interest in Bitcoin, you/she would likely have none at all by this point. --or-- 2. Dump her.  |
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The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.
You forgot to mention the entire mainstream banking system. Edit: ...and media propaganda system. Oh I definitely forgot about that last one. Can you imagine if the MSM no longer had the internet to spread propaganda, lies, and fake news? To get the people all riled up? Hell they would blow a fkn gasket... |
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You forgot the last image with the caption "7 years later... I'm divorcing you and taking half of your bitcoin!" |
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My 2c about Saylor's buy of $425 mil in btc.
Contrary to everybody's enthusiasm, I found it troublesome.
1. The smart way of buying would be buying calls, then be aggressive, not making 20K tiny tx. If you have calls, then you don't care much if market moves or not as a result of your buying.
2. How he was able to find $425mil sellers without moving a market? It's not like all other buyers and sellers disappear.
Something does not compute.
To me this is an indication that market has some re-hypothecated btc and large portion of the volume is such "imaginary" btc.
It does not matter that he was able to withdraw. It simply means that they re-hypothecated even more and injected those back to exchanges.
I suspect the exchanges of the world have 10 to 20% of the coins they claim to have. I imagine most volume is based on reserves they dont actually have. I'm glad to see others having the same thoughts, I've suspected this as well for a long time now. |
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The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.
Excuse me, that's the second time I read such statement coming from you. What? No bull market this cycle? How the fuck does that work? Please don't tell me, "elections, COV" or anything else like that for that matter. Volume will come and will go, and is always going to shrink in the long run. Don't get me wrong, it's not like I'm saying that Bitcoin isn't still the best performing and most undervalued asset on the planet. Worse case, pretty much 99% guaranteed to double within the next 4 years...find me ANY other asset that is capable of that kind of growth. Hell if Bitcoin at a minimum just nets 8-10%/year over a 4 year average, then it's still by far the winningest investment on planet earth and will at least keep up with inflation. I believe that it will continue that progress which is why I still remain 100% all in. But a guaranteed moonshot in the next 4 years? I'm not saying that it won't happen. I would personally love to see it happen. But nothing is guaranteed, and anyone who thinks that is a fool. It would take a LOT of money coming in for that to happen, and right now that kind of buying pressure doesn't exist with average Joe retail investors anymore. I'm not seeing it in the existing volume, and tbh haven't see it since 2017. And if you haven't heard, multi-millionaires are able to take $500M long positions without moving the market even a little bit. IMHO anyone that buys into Bitcoin as an investment, should be looking at a minimum hodling of at least 2 halving cycles, if not 3. That's 8-12 years MINIMUM of hodling (if not forever). Most n00bies apparently don't have the stomach for that. Most are off to buying some shitcoins and praying for a mini moonshot to try and get rich overnight. To say that they will be disappointed is an understatement. If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.
How about trying: the single asset that has outperformed - in orders of magnitude - any other asset known in the planet. Nevertheless, got that right, badger does not care.  See comment above. It's fun to be rah rah uber bullish about Bitcoin pretty much all the time, but every once in a while it's also healthy to interject a bit of realistic introspection and expectations too. |
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I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to. This is very interesting concept that truly makes digital coins look weak. If you were Elon Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.
You can't be serious? The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365. So not a chance in hell. Plus the internet was *designed* to be decentralized and disaster proof. |
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No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.
Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.
It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner. The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again. If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment. |
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They're not even trying to hide the future Orwellian surveillance agenda anymore. And I must say, it's a brilliant marketing strategy: "In the beginning we'll let them invite these devices into their homes, offices, schools, apartments, restaurants, etc. willingly. Then one day in the future, we'll make them so integrated into their lives and necessary that they will all become mandatory." While I totally sympathize with Duderino's "I don't care what they think of me" attitude, there is a deeper problem the Dude doesn't see yet.
Imagine for a moment the General Attorney for Belgium or the USA (coz we all know they have powers everywhere) wants to get promoted by proving the Dude to be a kiddy fiddler, terrrst, money launderer, hacker etc.
Ask yourself for a moment if you've never said, email, texted, chatted any sentence or words that could - if even completely taken out of context - support the GA's case? Or if any search on Google, any location Apple has recorded from you, any books and items you bought from Amazon could eventually be used against you.
Or imagine that every socially/politically charged statement that you've ever made in the privacy of your own home, every off-handed comment, every off-color/non-PC joke, even comments/statements or an epic rant that you've made that could be misconstrued by someone as "racist", "fascist", "nazi", "misogynist", "against the government", "against the police", "illegal", "pedo", or whatever, gets recorded by your spy-device du jour. And the next thing you know, you've been doxxed, outed, your face all over social media, the media prints a false statement about you, you lose your job, you lose your business, etc. Or worse, you get arrested over it. It may not even be you per se...it may be your idiot friends or family that come over and say or do idiotic, or possibly even illegal, things that get recorded. You may be implicated by association. Even a heated argument or fight between you and your spouse could get recorded, and then used against you as "emotional distress" or "battery". It doesn't matter if you think that you are not breaking any laws. These days you will be unfairly tried and convicted in the court of public opinion. |
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I don't even trust my laptop's camera. It's usually covered in black tape.
Same here. As well as the front facing selfie cam on my phone. And phones get stored in another room out of earshot for 90% of the day. Honestly, anyone who willingly purchases and brings these 'eyes and ears' spy devices into their home deserves to be surveilled. They will watch and listen to everything you do and say without your consent. |
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Both according to this, but it especially recommends K2. https://www.theguardian.com/science/2020/jun/05/vitamin-k-could-help-fight-coronavirus-study-suggestsJanssen added: “We have [vitamin] K1 and K2. K1 is in spinach, broccoli, green vegetables, blueberries, all types of fruit and vegetables. K2 is better absorbed by the body. It is in Dutch cheese, I have to say, and French cheese as well.”
A Japanese delicacy of fermented soya beans called natto is particularly high in the second type of vitamin K and there may be cause for further studies into its health benefits, Janssen said.
“I have worked with a Japanese scientist in London and she said it was remarkable that in the regions in Japan where they eat a lot of natto, there is not a single person to die of Covid-19; so that is something to dive into, I would say.” Honestly, vitamin D deficiency could be the bigger link to Covid-19 related sickness and complications. https://www.youtube.com/watch?v=0lyfAP-0u0sAlso it seems common sense would dictate that the MSM and governments would be preaching ways like crazy to increase your overall health and boost your immune system, but alas... they don't. |
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Now his intent for how long he stays in?? Thats a different matter. If we get a big bump and he thinks he can get out at least partially with something like a 20% gain... well he certainly could.
He could...but not according to the man himself. He put it out there, and now Twitterites would never let him live it down if he did. https://twitter.com/michael_saylor/status/1308759164219543552 |
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Never mind the aliens, ... yet.
The most suprising event this year is not the assassination of the Iranian top general Qasem Soleimani, BLM, wildfires ore Covid-19 but the release of U.F.O footages from 2005/2015/2017 by the U.S goverment. Aliens smell like farts. If they land they will stink the place out. https://www.popularmechanics.com/space/deep-space/a29932234/what-would-aliens-smell-like/...Which led my son to one inescapable conclusion: If aliens exist, they probably smell like farts.
I don’t know enough about farts, Mars, or aliens to refute him, so I reached out to somebody who does: Clara Sousa-Silva, a molecular astrophysics postdoctoral associate at MIT.
“Your son is absolutely correct in his inference,” she told me. “Most of my work in astrobiology looks at anaerobic environments, which have a lot in common with the environments that produce farts. So, yes, aliens are reasonably likely to smell like farts.” Now I know what Ripley was smelling...  |
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Funny how a multi-millionaire Bitcoin supporter can say this (because it speaks truth) and get away with it and nobody says shit, while an average Joe retail bitcoiner says the exact same thing for years and gets called a "Bitcoin maximalist" and "small blocker".  |
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Expect the runaway hyperinflation to begin in about 10 years  |
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