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“Congress gave the Fed a monopoly over money,” Mr. Warsh said. “ Which was fraudulent and in violation of the US Constitution ok, perhaps. but it's been accepted as normal, allowed, and legal for... what, something like 100 years now? what, precisely, do you expect to be done about it? to remove the fed's power is nigh impossible. it would likely require literal war and revolution to bring down the government as we know it and build something new, or at least closer to the original constitution if that's the goal. i say the same thing to any theory - like faked moon landings or flat earth or less insane ones like this Fed thing. ok, so maybe you're right. what's your point? what do you want to be DONE about it, and what will that change? are you going to do it? do you think you can actually effect change at all? Many folks, myself included, are fascinated by bitcoin because a belief that it can take down the Fed and the other central banks. The concept of bitcoin is very powerful. Maybe 10,000 us$ by the end of the weekend? ...well, ok, yea. that's... very true. i... er... right, shutting up. am a bit drunk to respond fairly to this convo, but you both have valid points and shouldn't back off. Bitcoin itself will do a lot of the heavy lifting in ending the Fed and creating an honest society. But it also us - what are we doing to those ends? holding, running nodes, mining, building infrastructure? keeping the USG out (cf scams like eth/bcash/intel/google)? personally, all i can do is run a node at the moment. which, come to think of it, might not even be a full node - i think i need to open a port of the router or such... but i enjoy mining and hodling. just no money to get decent gear, and my 100 gh's isn't exactly worth running these days. i used to dream about having a big farm, but i've had a rather rough decade, financially, so it hasn't happened. might finally have a decent job though, so who knows. sure man i read about some of your heyday early group buy, but you can still educate people after the day job and you can maybe put some $ aside into btc each month. you need a bit of money for a full node for the uphill b/w, but hey we all do what we can do So it is a consensus then? Everyone believes that Bitcoin is a tool against the owners? This is exactly wrong and if you have minimally studied Bitcoin you know it is wrong. Are all of you so drunken on unearned profits that you cannot see how Bitcoin is made by them running on the machines they have developed from scratch? We are users and pushers, not the creator. You would not believe an entrepreneur is a legislator but you believe anyone doing work that is descendent from Bitcoin is actually writing the laws which the sovereign will adopt? I am sure you do not believe it. Let me put it more succinctly. Bitcoin is the Fed 2.0. Got that? One more time. Bitcoin is the Fed 2.0.Beware of the paradise which you seek to create. It is a stronger hell than the hell you seek to escape. |
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Hi, new to the thread. Could you guys give me an opinion?
Have a little XRP, around 1k. What are you thoughts on moving to BTC now? Enjoying the BTC low and XRP high to try to buy it back later on?
Thanks!
Makes hardly no sense to be asking about what the fuck to do with your banker coin in this thread. The vast majority of thread participants herein would have never bought such a stupid dumbass centralized manipulated coin, and even if they did, they would not have hung onto it nearly as long as you have, because it would have largely been considered to be like a hot potato.. so maybe you are trolling here, no? There is only one fucking correct answer that you should expect, so why ask? Sell the fucking thing. and/or get the fuck out of here. The biggest "stupid dumbass" I see is the one who believes there is any coin that isn't a shitcoin and/or a "centralized manipulated coin". Dumbass. Speak for yourself, silver, gold, pm pumper.  You are so dumb that you cannot even figure out how to find a proper thread for your posts.  It's a nice touch that you cannot tell realr0ach != roach_lost. This is worth the nested quote, which I hope you someday are able to understand and enjoy, "dumbass". |
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Hi, new to the thread. Could you guys give me an opinion?
Have a little XRP, around 1k. What are you thoughts on moving to BTC now? Enjoying the BTC low and XRP high to try to buy it back later on?
Thanks!
Makes hardly no sense to be asking about what the fuck to do with your banker coin in this thread. The vast majority of thread participants herein would have never bought such a stupid dumbass centralized manipulated coin, and even if they did, they would not have hung onto it nearly as long as you have, because it would have largely been considered to be like a hot potato.. so maybe you are trolling here, no? There is only one fucking correct answer that you should expect, so why ask? Sell the fucking thing. and/or get the fuck out of here. The biggest "stupid dumbass" I see is the one who believes there is any coin that isn't a shitcoin and/or a "centralized manipulated coin". Dumbass. |
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The price of Bitcoin, it's too low. I liked it when it was higher. The world liked it when it was higher. This shouldn't even be an argument.
The world wants it to be higher. It will be much, MUCH higher. Consider it the cost of a PR giveaway vs. other forms of PR. It will be worth it to the ones giving it away. This is similar to free email or free social networking, a bargain to you and a bargain to them. Fortunately they want you in the blockchain about 1000 times as much as they want you on Facebook so here comes the money. It's a sell your soul kind of deal but it seems like they have all been for most of us during the past seventy years or so. The question is, do we actually have a choice? |
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First of all, there is no perfect competition. Some businesses will always gain an edge. As happens over and over again, an oligarchy is eventually formed. If left unchecked, a cartel is then formed. Then the cartel can charge whatever price the market will bear. For some products and services, this price is quite high indeed. As can be seen from the current tx market with Bitcoin, the cost people are willing to expend on a transaction is quite high. Pennies is not going to be that price. It will be magnitudes of orders higher.
This is actually a good point. TX fees are extremely high right now because BS/Core has formed a cartel in order to limit the production of block space. What is confusing (and ironic) is that the miners (those who one would naively suspect to attempt to form a cartel) want the production quota lifted! So, yes, experience is showing that Bitcoin is somewhat susceptible to cartel formation (it's just surprising that it's cartels of developers rather than cartels of miners). Oh yes, this recent growth in the mempool is totally organic. Or do you think Bitcoin Core may be deliberately spamming the network even though AFAIK, it would have no benefit to them? Seems like a pretty pricey demonstration for them to demonstrate why LN is needed. Of course, Saint Jihan Wu and friends would never consider stuffing the mempool with lower fee transactions so they can collect the higher transactions piling on top of that. We all know Saint Jihan Wu is much too altruistic to even consider doing something like that. Does it matter the reason who or why transaction fees are high? To me the high fees are a weakness which is being attacked. It is completely predictable. Bitcoin Cash sees an opportunity and it is attacking Bitcoin . (a predictable result) “the opportunity of defeating the enemy is provided by the enemy himself.” ( Core's high fees) ― Sun Tzu, The Art of War tags: defeat, enemy, opportunity, strategy, war All of this makes sense. The correct conduct is to just abstain from indulging in the grand promises from Satoshi's Bitcoin. This game was rigged, is rigged and will be rigged. The temporary individual gains will eventually be cancelled by an exponential expansion of 1984. |
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Torque
When I first showed back up you gently, but firmly, advised me not to feed the troll.
I'm here to return the favor.
I'm done. By confronting the troll directly and him not directly answering my question, I think anyone else reading this thread will understand that he's just wasting people's time. But I ask you this then in return, why has he not been perma-banned from the WO thread? Or at least his posts deleted, if we ALL can agree that he's just a troll? Why should we all suffer this idiot whilst he constantly spams the WO thread with his drivel? i second that. infofront, ban him. Why make the decision for the user, there's an ignore button that's just as useful, unless of course s/he manages to get another noob to quote him/her. This is reasonable. Also, I am not realr0ach. I am certain he has lost, he is not. |
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That was the opposite of well said. He didn't explain ANYTHING about how LN is going to solve any of the problems I listed in the quote below. Bitcoin is a god damn cult of idiots, I swear. Look at this sirazimuth's guy signature for fucks sake:
"Bitcoin...the future of all monetary transactions...and always will be"
That looks like it was written by a 3 year old. No reasoning, no nothing. Just "buy my centralized pump and dump scheme because ...I dunno!"
Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman, or GTFOOH you idiot. I can explain that easily. Have you ever noticed that systems like Steam the game platform don't let you resell games you buy? Probably because it would turn it's customers into competitors. Why? Because their model is based around the scam of pretending intellectual property has scarcity when it doesn't. When you remove the artificial scarcity, their business collapses. What the fuck is bitcoin? Absolutely nothing but the same artificial scarcity scam. You're buying into a con and pretending artificial scarcity has value just like on Steam (unless your goal was to donate money to the game developer instead of participate in functional economics). The lesson from Steam is that wealth does not exist in the digital world. Everything digital is inherently valueless because it doesn't have scarcity. No, artificial scarcity is not scarcity, it's a con job. The answer is, you cannot send "money" digitally because money and wealth does not exist digitally. The only thing you can send digitally are...IOUs....or valueless 0's and 1's, pick one. Intellectual Property has scarcity. What has very limited scarcity is the ability to copy digital IP and by getting highly educated users to rent it in a way they cannot copy it works great as a way to keep charging fees for artificially scarce copying ability. The same is true for Netflix and others. Everything is asymptotic. The closest to money and wealth commoners ever experience is the shadow on the wall of the cave projected by the owners. Whether it is in the form of taxed land, state currencies, company stocks or a heavily regulated productive business, they are all allowed to exist by the grace of the owners. Consequently, land, businesses, stocks, currency, digital or otherwise, are the truest form of money and wealth the vast majority of people anywhere will ever experience or even understand as such. |
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That was the opposite of well said. He didn't explain ANYTHING about how LN is going to solve any of the problems I listed in the quote below. Bitcoin is a god damn cult of idiots, I swear. Look at this sirazimuth's guy signature for fucks sake:
"Bitcoin...the future of all monetary transactions...and always will be"
That looks like it was written by a 3 year old. No reasoning, no nothing. Just "buy my centralized pump and dump scheme because ...I dunno!"
Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman to have to trust, or GTFOOH you idiot. You cannot securely or insecurely transfer any quantity of information across the world for payment or any other purpose without friction, transaction fees, middlemen, gravity, thermodynamics and other things alike which are part of how reality works. The same reality that has been developing for billions of years in which you and I are just one infinitesimal part. Bitcoin is not a perpetual machine. You are buying into the illusion sold to you by the ones who want to enslave, at best, you and your descendants. You are not your own bank when your mining cannot in any way influence a proof of work system. You are not your own bank when your storage of bitcoin depends always upon third parties to continue on doing immense amounts of proof of work to keep it safe. Do you think they will always be happy with just fees and block rewards? You could never securely send bitcoin across the world without any friction/transaction fee or middlemen. Friction was always there, transaction fees were always there and miners, ISPs, Operating Systems, computer hardware architectures, were all there as middlemen all along. |
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Buywall broken. BCH falling.
 If BTC were to lose the number 1 position, it is highly unlikely that it would be replaced by another PoW coin. PoS is more likely and it actually would make for a more elegant ultimate track and control blockchain based fiat than bitcoin which is already a close approximation to this monster in itself. Now if BTC were to be abandoned by the miners in favor of BCH then I could see BTC continuing in that form for some time longer. It is a legitimate fork, this is just a weird (considering the amounts involved) and temporary situation. |
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It includes a consumer and bonus cash. |
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your type will end up being the first in line for purging once they accomplish full blockchain adoption.
certainly possible, so enlighten us, oh guru, how do we identify and fight the real masters? You do not. |
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At that time the creation of fiat can decrease. It's not like it's hardcoded.
The inflation incentivizes immediate consumption resulting in the tsunami of disposable crap we see today. It is not just that we CAN build a deflationary economy, we HAVE to. This is one of the main things Bitcoin has the potential to help fix. You really see it. Eyes wide open. BTC is the big carrot today for the ones like you indeed. Unfortunately your type will end up being the first in line for purging once they accomplish full blockchain adoption. You can take that to the decentralized-Nash-equilibrium-unregulated-unhackable-deflationary-blockchain-one-of-the-greatest-inventions-in-history-true-freedom-antifragile-personal bank. |
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Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.
hold the phone there Tex. this sphere is finite. An economy that has to grow to survive is not sustainable. At that time the creation of fiat can decrease. It's not like it's hardcoded. But maximum confiscation requires always increasing the issuance so let's be realistic. The blockchain that you will end up using for all your money will have the same exact properties and the economy will continue on increasing infinitely in perception. In reality, if your group is on the chopping block, you just keep getting less and less for more and more output. If your group is not on the chopping block, the opposite is true. It's a very complex game and they spend a lot of time making sure the ones that could see it keep on being worried about solving the technical problems that allow the sovereignty of the owners to increase infinitely in perception. In reality they just become so powerful as to eventually never having competition. It's a Brave New World kind of scenario, just no fordism yet. |
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The only reason any merchant accepts bitcoin is because of services like Bitpay that instantly dump for fiat
Having merchants take bitcoin was retarded anyway. Centralization will always be required for dust. bitcoin is for the ultra nation, not the commoners. Bitcoin as a protocol is for everyone. |
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I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. That has zero to do with it. The US produces BARELY ANY silver at all. They rigged the price of silver to both try and prop up the debt based scam dollar, plus it means the US pays nothing for all the silver it imports. It also means nations like Mexico give away some of their most precious assets for nothing. All that is now changing. Many of these other nations they tried to impoverish on purpose started hoarding gold (like India and numerous arab states). So now there is no real incentive for organizations like the Pilgrim society to prop up gold and suppress silver. If anything, there's now more incentive to let silver rise and suppress gold. None of the world powers want places like India to all become millionaires overnight. That would just mean the other nations are their slaves, and why would anyone be a slave to India? The fact India has lots of gold means the price of gold is capped at a certain point but silver can moonshot. Fort Knox doesn't have the gold there either and JP Morgan has acquired an enormous amount of silver on behalf of the US govt as part of their plan B, C, D, E, F, G when the monetary system blows up; that and strategic reserve. So as you can see, silver is not going to be suppressed much longer since there's no real reason to. When the metals sector breaks free, they aren't going to try and stop silver from ripping people's faces off. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. There is a reason China now issues silver in the same acrylic, protective capsules as they do gold. You just haven't seen why yet. Silver as well as all precious metals have a long future of suppression at least until full blockchain adoption is in place. By then only the inner party will be able to use their blockchain money for pm purchases so everyone will be happy by default. You will learn not to even want it eventually, particularly when there is absolutely no way to use your tokens to get it and everyone you know was born in the same system. Haha. The jews have far overplayed their hand and everyone knows it's them pushing for a cashless society slave system and all the other horrors they're behind. The more they push from here, the faster the rest of the planet will dispose of them for good. They are the biggest paper tiger that has ever existed and will be shocked at how fast they're exterminated.  Hating another group the actual owners want you to hate isn't very enlightened and it is a little disappointing. Are the odds not very high that the Jews are just another one of the groups they hide behind? It would be too obvious otherwise. The owners have been generating hatred for groups they can hide behind for all of history, what would be different now? Having you hate whatever group that is too broad to isolate them is very productive for them so why have you fallen in this trap so deeply despite seeing so much? It would be much easier to realize the reality that is the owners are too small of a group to ever be correctly identified when the scale is that of a major religion or race. It would then be very obvious too that you are being played and there is no meaningful power to you or yours, only occasional appearance of power when someone wins the lottery or does well in the casino. All by design to keep reality going. If you were part of the owners you would do to others exactly what they do to you, just with a different label, so why not just admit jealousy and live without hatred and always improving yourself, enjoying every tiny amount of real power anonymity allows you to enjoy as long as you keep your thoughts to yourself? |
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I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. That has zero to do with it. The US produces BARELY ANY silver at all. They rigged the price of silver to both try and prop up the debt based scam dollar, plus it means the US pays nothing for all the silver it imports. It also means nations like Mexico give away some of their most precious assets for nothing. All that is now changing. Many of these other nations they tried to impoverish on purpose started hoarding gold (like India and numerous arab states). So now there is no real incentive for organizations like the Pilgrim society to prop up gold and suppress silver. If anything, there's now more incentive to let silver rise and suppress gold. None of the world powers want places like India to all become millionaires overnight. That would just mean the other nations are their slaves, and why would anyone be a slave to India? The fact India has lots of gold means the price of gold is capped at a certain point but silver can moonshot. Fort Knox doesn't have the gold there either and JP Morgan has acquired an enormous amount of silver on behalf of the US govt as part of their plan B, C, D, E, F, G when the monetary system blows up; that and strategic reserve. So as you can see, silver is not going to be suppressed much longer since there's no real reason to. When the metals sector breaks free, they aren't going to try and stop silver from ripping people's faces off. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. There is a reason China now issues silver in the same acrylic, protective capsules as they do gold. You just haven't seen why yet. Silver as well as all precious metals have a long future of suppression at least until full blockchain adoption is in place. By then only the inner party will be able to use their blockchain money for pm purchases so everyone will be happy by default. You will learn not to even want it eventually, particularly when there is absolutely no way to use your tokens to get it and everyone you know was born in the same system. |
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wow...they actually packed a lot of information in that, and finished with a zinger...I like it Yes, yes and the characters are on point too with the black woman being logical and inquisitive while the blonde woman is naive and emotional. It just fits the narrative so perfectly one almost forgets this is actually an ad for bitcoin trying to get more people to adopt it than the apparent criticism that is somehow expected by most to come from a sarcastic sketch show forever used as an extremely effective source of extremely powerful commie poison. |
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It is possible to synthesize silver with modern equipment, though. Although I concede that the production cost would end up being magnitudes of order greater than any value received. Our civilization would have to be on the Dyson Sphere level to even come close to making that economical.
I think the fact that years ago, everyone knows that solar energy requires massive amount of silver and yet silver failed to stage even a meaningful rally is quite bearish. Even China, which is on Silver Standard for a millennium and was one of the largest silver producer in the world (still is), doesn't care about silver. It just means that silver has been demonetized. A study on why something would be monetized (like bitcoin) or demonetized (like silver) is an interesting topic in itself. But now days, I just give away those silver maples/eagles as souvenirs. Pretty much no one has a clue on how much these lovely coins are worth. As for Dyson Sphere, I suspect that if they are ever built, they would be for powering bitcoin hashing rather than synthesizing silver at the rate we are going with hashrate.  Silver is demonetized because the sovereign wants it to be demonetized. Similarly to how the UK drivers use the side of the road opposite to the side of the road used by the US. Different rulers; to a degree. |
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Listen, I know these are difficult times. But let's try to remain civil. Remember why we're here.
To crush souls and steal their money? Yeah, most of us seem to have forgotten. I may be interpreting this incorrectly but you seem rather passive aggressive. How much in fiat have you lost so far? |
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===> 
