But why stop at 1000$? Make it 10 000$. No!!! A million! Two billion! 34 Trillions!Everybody should get as much "free" money as they can carry a day. Of course, who cares where will this come from, nobody gives a damn about what 300 billion a month would cause in an economy, let there be free money!!! Just throw money at everyone and everyone will love you till...hmmm..I heard that before... The trouble with Socialism is that eventually, you run out of other people's money. How many times has the model of handling free money without caring to fail in order to understand that it's not a solution! Just cheap populism hoping to get some votes, the same bs, free money, new capitalism that is actually controlled by the state, "humans" first economy, seriously are the Democrats out of candidates? I like the way he casts it as a dividend on the equity we each hold as citizens. Therefore it is not free. But in that case I'd want citizenship rules tightened up considerably. If people want dividends from their investment in the country then they need to be actually invested in the well being of the country. |
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Yang is very smart and has thought a lot of this through but even so this will be a hard sell to the old guard who just can't see the vision. It's like all the bankers crying "tulips!" when bitcoin is mentioned. Yang is far too interesting to actually be able to get the nomination but I wish he would.
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Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish. I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.
+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself... 1. mortgage payoff 2. retirement at 80% of current lifestyle level 3. retirement at 120% of current lifestyle level 4. kid's entire college tuition 5. kid's entire college tuition at a top tier school through grad school 6. retirement at 120% level before I hit actual retirement age 7. medical emergency care fund equivalent to 2x mortgage payoff 8. being able to do the same for my family 9. own first hotel on the lunar surface |
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Needs one extra scene where a lion runs by and grabs one of the guys getting the sunshine, you can label it "regulators". |
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I'd be elated to read elsewhere if this isn't a topic for the WO. Any links to such conversations would be... meritable  Quantum mechanics predicts the existence of what are usually called ''zero-point'' energies for the strong, the weak and the electromagnetic interactions, where ''zero-point'' refers to the energy of the system at temperature T=0, or the lowest quantized energy level of a quantum mechanical system. https://www.quora.com/How-can-you-explain-zero-point-energy-to-a-non-physicistNow, when non-physicists think of a vacuum they usually think of "empty space", without any particles. However, the fields are always there, even when they're not excited to a higher-energy state to create a particle. So a vacuum without any particles still has fields, they are simply not excited.
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Probably not my most popular post. Monday morning tinfoil truth seeking.
What is the probability that the US government’s big national secret is zero-point energy extraction?
If the military/government/TPTB have been engineering/reverse engineering energy and its applications in secrecy for 80+ years, would that undermine Bitcoin’s SOV and cryptographic security? Surely the implications of such a technology are too vast to conceive.
I ask this question because energy is what BTC proposes to base sound money on. There's too many historical and theoretical examples of energy use on this planet to conclude that the current public/scientific understanding is complete. I've not seen this argument debated however I understand its likely to be discarded to conspiracy for lack of proof even while the hard proof is literally in stone.
Well, at least they seem to get political decision out of vacuum (inside trumps head)... Irony off: Zero point zero. So you're saying 0.0 chance we have any better understanding of energy beyond E=MC2 ? Or more simply, popular public understanding. Talk of Aether on this board is verboten I'm given to understand, bitcoin only.  |
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I avoid mobile wallets, too many exploits. Air gapped hardware wallet is the best solution for me with handwritten paper being a close second only because it is less convenient.
You left off one category in your list... exchange wallets. I would bet that most people use them the most even though they are the least secure.
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When $BTC hit $50k maybe it is easy to say that ethereum will also hit its ATH and even surpassed it until $2500 each but at the current BTC value, ethereum is still waiting to bitcoin upward movement and it should be a tremendous action to wait.
At current BTC/ETH ratios, if BTC was $50,000 USD then ETH should be $950 USD. And ETH has been steadily falling against BTC for a year so don't expect the ratio to be the same when $50k BTC happens if it does. ETH has become decoupled from ICOs, and less correlated to BTC than it was previously, it needs to find a use case fast to keep the price propped up. However, I do not think the mission of the developers is to create wealth, they want to create a world computer and to them monetary policy is a secondary concern. I love ETH for the potential but it's not living up to it as yet in the price. |
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I wonder to what extent this chart that has been so widely shared is already priced in? I mean if everyone truly thinks 100k is a year or less away then they'd be buying right now hand over fist and the price would already be up, at least I would (and that's what I'm doing as I'm able). Or do you all think the big front loading wouldn't start yet? |
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Sure it's possible, quite unlikely but possible. I imagine bitcoin would have to hit $100k USD valuation for that to even be talked about realistically.
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For everyone foaming at the mouth, we didn’t break the previous ATH until March 2017. That’s equivalent to March 2021 this time around.
So settle down.
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2024 July 3rd 3:04pm central standard time when the first time traveler from the future comes back and tells everyone rocket ships run on bitcoin in the Age of Aquarius.
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wonder why someone would earn $58,000 in a year and only able to save $11000, is that not too low? What exactly did they spend their money on? Groceries or what? My country, with that $58000, I will surely save at least $30000 per year. For me, I am still able to save at least.
Some extremely rough averages for cost of living in the USA, sort of an average between individual and family numbers that I could find... 58000 (example income) - 10497 (federal income tax) - 2900 (state income tax, a very rough average, this can vary a LOT) - 17796 (housing cost, including property tax) - 1524 (gasoline for car) - 1116 (car insurance) - 5796 (car loan payment) - 1800 (heating and a/c) - 1200 (internet) - 540 (water/sewage) - 6602 (food) - 960 (cellphone) - 6924 (healthcare insurance) - 6170 (healthcare insurance deductible - you must pay this before you get benefits from insurance) => 63825 average expenditure leaving you with a grand total of -5825 usd you can sock away for your glorious poverty stricken retirement. And the above doesn't include averaged college tuition cost, which you will most definitely need if you want to guarantee a chance at 58000 usd per year salary. Note median household income in the USA is 61372 (from 2017) so there's approx 150 million people that are making lower than this. And it becomes a little clearer why the savings rate is so low. |
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I give it about 50/50 that he'd try something like this. On the one hand adoption is at an all time high, the inertia on this train is nigh unstoppable. OTOH the world looks to the USA to lead in this area and if Trump does one of his famous idiotic moves with it then it will absolutely have a negative worldwide effect. I personally don't think it would be permanent but it would cause some intense pain for US traders. I suspect hodlers could successfully just wait it out.
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I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy
if he attempted such?
It wouldn't be bright Brightness isn't a hallmark trait any of the Trumps are known for. I think it's consistent with Trump's lack of critical thinking if he were to enact a unilateral move against crypto. And the old guard on both sides of the aisle are very wary of crypto so it could get considerably more rocky before it gets better on the regulation front. Good news is they won't live forever, and the mainstream bankers, at least the worker bees are seemingly far more crypto aware. |
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