Latest posts of: Torque

Quote from: OutOfMemory on October 13, 2021, 10:41:36 PM

So, are "toxic bitcoin maximalists" only considered to be toxic by shitcoiners that don't get that shitcoins are shitcoins?
I was wrapping my mind around this randomly appearing term too much in the last few days.

Funny how things went from:

"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"

The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).

It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.

Quote from: El duderino_ on October 13, 2021, 07:03:29 PM

https://twitter.com/raphschoen/status/1448012347533107202?s=21

Exactly what I tell new peepers well

Just add 5. At bigger DIPS buy some more if possible.

Also to take it a step further:

Take at least 50% of the money you would sink each year into your 401k, and invest that directly into bitcoin instead.

Then compare the two investment vehicles' progress at 5 years, 10, 15, 20.

You'll quickly realize how sorry you are that you didn't invest the other 50% into bitcoin as well.

So wtf is going on with the bitcoin chart on bitcoinwisdom.io? Looks offline...

Quote from: Paashaas on October 12, 2021, 05:50:23 PM

Payments giant Stripe is building a Bitcoin and crypto team.

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In a job listing posted recently on Stripe’s website, the company is adding four new positions with the title “Staff Engineer, Crypto.” Guillaume Poncin, Head of Engineering Crypto at Stripe, announced he is building a team of engineers and designers to integrate “crypto” into their platform.

“We hear a growing need from developers and users in that space for better building blocks to accept payments, move funds, exchange between fiat and crypto,” the job listing states. “By focusing on these problems and needs, we aim to build faster, more trustworthy, and higher quality crypto-enabled experiences.”

----

Stripe originally started accepting bitcoin back in 2014 but was later halted in 2018 due to transaction confirmation times and fees on the main chain. Since then we’ve seen the Lightning Network scale up and make Bitcoin viable as a means of exchange. Bitcoin can now be used as a means of payment without the long confirmation times and high fees — transactions can now be settled instantly for virtually no fees.

If they can make this work, then *any* card processor should be able to make this work as well.

This is the way.

Something big must be brewing on the horizon, because the MSM is up to their old "Bitcoin negative/fear articles" campaign.

https://www.cnbc.com/2021/10/12/coinbase-users-slam-new-customer-service-phone-support.html

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The Richardsons could not call Coinbase for help because when the account takeover happened in July, the company only offered email support. A CNBC investigation in August found thousands of customers’ accounts were hacked and they were left hanging by the company, according to government records and interviews.

The message is clear: Average Joes, stay away from Bitcoin! And stay away from brokers like Coinbase, because you'll get hacked and all your bitcoin will be gone, and no one will help you if you do! Angry

Jamie Dimon calls bitcoin worthless, but compares it to cigarettes and concedes clients want it
https://www.cnbc.com/2021/10/11/jamie-dimon-calls-bitcoin-worthless-but-compares-it-to-cigarettes-and-concedes-clients-want-it.html

Quote from: Arriemoller on October 11, 2021, 03:29:35 PM

Quote from: Arriemoller on August 28, 2021, 07:10:34 PM

Quote from: Arriemoller on August 27, 2021, 04:57:12 AM

Morning!

So, I bought some BTC today for the first time since 2014.

I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.

Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this.
The plan is of course to repay the loan in full in December and do something fun with the profit.
I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.

So, as you can see the whole point is to make money without having to put in any of my own.

I did accept the offer to up the loan with 50 000, the money should be in my account on Monday, I will move it to another bank and do this buy from another broker, the brokers I use take about 10% commission, so my firs goal will be to reach break even.

Update on my loan experiment.
I have now reached break even.

I took a 0% interest for 18 months loan in 2020 for $10k, bought bitcoin with it.

Sold some ~$9k of btc earlier this year to pay off the loan when bitcoin hit $48k/btc, and kept the rest in btc.

#stillwinning Grin

#Bitcoin is a bank in cyberspace run by incorruptible software.

https://twitter.com/michael_saylor/status/1447259796365844481

Quote from: Arriemoller on October 11, 2021, 10:47:16 AM

Biltema dinner
Meatballs with mashed potatoes
And rust remover

My belated Sunday haiku.

Poor Arriemoller
Phone no have focus function
View through fogged glasses Cheesy

https://www.cnbc.com/2021/10/09/war-to-attract-bitcoin-miners-pits-texas-against-new-york-kentucky.html

An actual useful and informative article on U.S. bitcoin mining from the MSM. Color me shocked.

Quote from: LoyceV on October 11, 2021, 09:53:10 AM

Enlighten me: why has the gold price been dropping in the past year?
Image loading...

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

With the big bullion banks owning 90+% of all the gold, with thousands of naked contracts they can basically set the price wherever they want.

The price in fact did go up, with insider knowledge the banks already front ran the price up from 2016-2019. They already knew what was coming in 2020.

The problem is that Average Joe is 100% reactionary, and won't start buying PMs until an actual crisis happens. The insiders know this as well. That's why during 2020, physical inventory disappeared and premiums went to the moon: to screw over Average Joe.

And now the price slides, screwing over all the Average Joes that bought gold at the top and with high premiums once again.

Advices: Don't be like Average Joe.

"The time to buy an asset is not when everyone wants it, but when no one wants it."

Quote from: BobLawblaw on October 10, 2021, 10:09:13 AM

Quote from: AlcoHoDL on October 10, 2021, 07:39:25 AM

Yeah... Why Bob? I think very highly of Andreas and his work on educating the masses about Bitcoin.

He's got too much "paid salesperson" / Ron Popeil type vibe going on now.

Used Bitcoin to prop himself up, with the help of the community, and now he's like a JJG kinda guy who loves sniffing his own farts, and thinks he's too good for anyone who dares disagree with him. Has blocked a whole bunch of luminaries who dared call him out. Painted himself into a corner and did himself no favors. Viewed as a pariah.

Absolute narcissist case gone pathologically wrong. Started off altruistic, but once he got fame/retard-income-stream for a bit there - briefly - went to his head, and turned into an absolute Garbageman.

I belong to the Twitter Toxic Bitcorn Maxi Clan, so, that's where this observation is coming from.

I've always had respect for him and what he has done for Bitcoin, but gotta admit that when he announced he was writing a book on Ethereum, that's when my opinion of him dropped.

Quote from: JayJuanGee on October 09, 2021, 07:56:04 PM

Quote from: AlcoHoDL on October 09, 2021, 03:56:10 PM

Somehow I fear that, in the coming years, this choice we now have, to be or not be our own bank, will cease to exist, and we'll all be forced to use banks to store our corn. I hope it will never happen...

The vast majority of political theorists and/or strategizers recognize and appreciate the concept of scoff law, and they are not going to want to create an underground system, but sure I would not put it past them to play various kinds of cards that attempt to require some kinds of custodial services or otherwise reporting requirements - and the balance may also play out delicately in terms of how it may well have backlash repercussions for potentially more friendly jurisdictions - currently El Salvador, but surely others jurisdictions are going to be stepping up to the bitcoin optionality plate that recognizes and appreciates various oppressive aspects of our current monetary system (dominant dollar).

My theory is that in the future most banks will offer bitcoin custodial services, but it'll be like PayPal, where you will be able to convert some of your fiat balance to bitcoin and they will hold it for you, but in order to make a withdrawal it you'll have to go back to a fiat balance first (aka sell first). Because banks will start playing the fractional reserve scheme (scam?) with everyone's bitcoin.

Torque's Prediction:

1. China's over-leveraged, mega Ponzi property market will start to finally, really implode by mid 2022. This will be the catalyst for another possible worldwide recession (did we ever leave one?)

2. Wealthy investors and hedge funds with insider knowledge will start front running these events, buying up Bitcoin starting Dec 2021 and resuming first week of January 2022. They likely already know what is coming and are front running it now.

3. To further fuel the fire, we could finally see a new U.S. Bitcoin ETF in Q1/Q2 of 2022.

4. We could see a new Bitcoin ATH and blow off top come mid year 2022.

5. China will of course retaliate by shutting down all onshore crypto exchanges, popping the Bitcoin bubble. Once again. Roll Eyes

The bears will then take over. China PBOC will then print yuan like a mofo and bail out any and all Chinese property developers.

You heard it here first. Just doing this for funzies. Typing it here to see how well my prediction plays out.

Fyi, my former (bearish?) views are quickly being left in the rear view. Will always hodl no matter what happens.

Quote from: hisslyness on October 09, 2021, 12:24:58 PM

What a effing retard that vitalik is, the only people getting scammed are people using his bloatware piece of shit… and other crap like binance shit! DeFi crap! NFT crap! Pancakes and Burgers…. I think we should shut that down to stop dumb people from getting a scammed!

I am fairly sure El Salvador passed a “Bitcoin Law” and not a crypto law. No one is being forced to use a certain “cryptocurrency”. They are being ask to accept a Peer-to-Peer Electronic Cash System called Bitcoin.

People have long since forgotten that Vitalik actually said in the beginning [and I'm paraphrasing] that "Ethereum is NOT a competitor to Bitcoin. I didn't build it for that, and it's not suited for that. In fact, Ethereum should not be used as a form of money or currency like Bitcoin. Use Bitcoin instead."

I'm sure if what he said was written or captured somewhere on the internet, it has long since been buried or retconned. He would not want his beloved cult followers to know that he said or thought that.

Some of us at Crypto Pepperidge Farm...we remember. We remember everything. Wink

Quote from: JimboToronto on October 08, 2021, 06:01:12 PM

A little humor:

https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

I don't know if this has already been posted here but it caught my eye and made me laugh.

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...Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person...

The irony is that Bitcoin is likely gain all of those "interventions" he mentioned through more future regulation (e.g. the taxation part is already there, the rest of the oversight will become the same as the stonk market...so basically none).

If and when it does, does that mean he will suddenly be a proponent of Bitcoin again? Lol

That fkn guy has no clue of the deep corruption of the capital markets. The supposed "interventions" to protect the people are complete bullshit.

Quote from: cAPSLOCK on October 08, 2021, 02:36:18 PM

Bitcoin breaks the game. That threatens their systems. NOT their riches. The path to maintaining their wealth in a world in which Bitcoin becomes important is elementary for people who HEDGE for a living. Lol.

So they do not want their systems broken which have allowed them to profit on the backs of the rest of us.

Bitcoin only breaks the game for one main reason, and one reason ONLY: 90+% of bitcoin is not owned and controlled by these people. That's why they hate it.

If it were, we'd all be in the same boat as the Precious Metal investors....frustrated as hell rn.

https://www.zerohedge.com/covid-19/proceed-caution-your-own-peril-mercks-covid-super-drug-poses-serious-health-risks

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Molnupiravir works by incorporating itself into the genetic material of the virus, and then causing a huge number of mutations as the virus replicates, effectively killing it. In some lab tests, the drug has also shown the ability to integrate into the genetic material of mammalian cells, causing mutations as those cells replicate.

If that were to happen in the cells of a patient being treated with molnupiravir, it could theoretically lead to cancer or birth defects.

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Dr. Shuntai Zhou, a scientist at the Swanstrom Lab at UNC, said "there is a concern that this will cause long-term mutation effects, even cancer."

Zhou says that he is certain that the drug will integrate itself into the DNA of mammalian hosts. "Biochemistry won’t lie," he says. "This drug will be incorporated in the DNA."