But of course he won't sell shares just to pay taxes and then what, pay taxes on the money he cashed out to pay taxes? The point is, even if he sells shares of Amazon, someone else buys them and the money the government takes is no longer available for investment in the economy. I would rather he keep the money and create more jobs. I think he would do a better job than our defunct government.

Taxes hurt the economy. You might not think a little here and little there hurts but it all adds up. We need government for certain things like roads, bridges, laws, police, and fire but the economy can only take so much strain and still grow to it's potential. With high enough taxes and enough handouts, the economy will eventually stagnate and then start to shrink.

Giving handouts has a huge negative effect on the economy and to the people receiving the "benefits". You create a death spiral where you are killing the economy so you can pay someone to not be part of the economy. Then they increase the minimum wage so you have to pay the babysitter as much as you're making by working and people get caught in a feedback loop where staying on the benefits is more profitable than working.

The opposite would be to have very low taxes, very high economic activity with no handouts and people would make good wages naturally because there would be way more work to do than people on the planet.

Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.

The tax itself is still a deterrent to economic activity for the people paying the tax. I didn't say that some uses of the taxes couldn't also create a net positive in other areas. Some tax is necessary even when it is a deterrent to economic activity.

Anyone advocating for more taxes has been watching too much MSNBC. It's not about feeling sympathy for people who have billions, it's about people thinking the government is their daddy.

Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares. If the capital gains tax was lowered however, he might sell those shares and invest that money in some other endeavor which could create millions of new jobs. I'm betting the guy who created Amazon is a lot smarter than anyone in the government.

Nearly all the wealth in the world is invested in companies and profits are reinvested in other companies to create more and more jobs. Taxes stifle growth. All taxes are a deterrent to economic activity.

The Government is not your baby daddy and the more money the government takes, the less economic activity, jobs etc.

Cascading liquidations caused by leveraged exchanges. Manipulators will manipulate.

This alone is enough to cause a crash and it happens a lot on that shit exchange. It has turned into the new Bitmex. There are thousands of bots on there and they depend on the order functions to work on a second by second basis. Even a one minute delay will cause one side of the orders to evaporate which gets magnified on the leveraged pairs.

No doubt there is inflation much higher than that. Probably best not to quote an entertainment site on the matter. CNN is a propaganda mill, not a reputable news source.

You wouldn't.

If you can buy bitcoin then there is no reason to buy Coinbase.

Some regulated entities such as pension funds or mutual funds can't legally buy bitcoin yet so this is another alternative to get exposure.

Coinbase (COIN) trading just went live:

https://finance.yahoo.com/quote/COIN

A better analogy would be the sound of the car running and you're the 3 year old in the back seat complaining about it.

Yes, it's supposed to do that little guy.

Exactly, alts are just a staging area for money that will eventually flow to big daddy bitcoin.

Now you're complaining bitcoin is too efficient and you wish it used more space.

I guess we don't all agree. I stand corrected.

Sidechains may have a major use case in the future, we will see.  Right now they are just experimental.

The main chain as a store of value is what is giving us this price and is the driver behind any significant price increases going forward.

We don't need a swiss army knife, we just need a stable store of value. That's what the world needs.

There is no denial. The issue has been resolved. We had a fork. Big blockers went to their own fork.

The market has decided how much that fork is worth compared to bitcoin. Arguing that the market is wrong is psychotic.

What you see as needing fixed, is a feature critical to the current value and use case for BTC. That case is a store of value, not a transactional currency. You might have a good argument that the fork is a better transactional currency and you can see what the price of such a currency is worth.

The fact is, credit/debit cards, bank accounts, bank apps, etc, work just fine for transactions. The market has decided the store of value use case is what is worth $57k+. This use case benefits from people holding on to the coin and not transacting it unless they really need to. This use case will eventually lead to corporations and governments making transactions in the billions or trillions of dollars each. The whole world will benefit from the instant settlement of these large transactions.

Clogging or inflating the system with low value transactions hurts the possibility of this future. The block size limit is exactly what controls for and eliminates the low value transactions and you are advocating for getting rid of it!

You are advocating for destroying bitcoin, that's why your commentary is not welcomed. This isn't an echo chamber, it's just a place where the people who understand the above choose to hang out. You are constantly discussing this topic when nobody else even mentioned it. You are the only one bringing it up.

Stop trying to undermine what we've built here and people will stop telling you to get lost.

If there is true hyperinflation, the bitcoin price will will be hundreds of trillions of USD.

I don't think anyone buying top tier art really gives a shit about art for the sake of art. It's an investment, a thing to brag about, and a way to store value.

Some people think NFTs can serve those purposes. There is nothing else to it.

Something like 70% of all debt in the world is in USD. There is high demand for USD because of this. When fewer people are working for USD and fewer people are spending USD, the only place people can get them is through the printing press.

The problem is going to be when people start earning again, spending again, and the velocity of money explodes. That's when the price of USD finally crashes.

Chronic underachiever syndrome.

Epoch 5:

10 Million
8 Million
6 Million
4 Million
2 Million

Well, you know how science is now days. You have to assume the status quo or you get laughed at or mocked. Obviously the creators of this device knew the Earth was not the center of the universe but saying this in the scientific community would upend a lot of ideas about our past.

The truth is, we were created from hominids through genetic engineering by an advanced civilization who still watch over us. Their planet was captured by our sun and is orbiting at a highly elliptical orbit, passing through the inner solar system every 3600 years or so. The tilt of the Sun and the orbital plane of Mercury are even caused by the crazy orbit of their planet. The debris they drag along with them accounts for numerous cataclysms in our past such as the asteroid belt, the great flood, and the end of the dinosaurs. All of this is documented in the Sumerian tablets that predate the bible and for which the bible gets all of its stories.

The device isn't really a mystery when you accept our true history.