Lets look at inflation. 20 years ago vs now.
Price of a new car, 20 years ago.  US labor statistics bureau.  Thats adjusted for inflation, etc. everything in 2001 dollars for clarity
6.25% total inflation over 20 years.  
Clothing
100$/94.24$
Deflation of 5.76%
Airplane tickets
Deflation of 6.40%
TV's are 96% lower.  keep in mind this is an equivalent purchase.  in 2001 you would not buy a 72 inch tv.

Everything related to technology and outsourcing is in a deflation state due to technological advancement, increased productivity and exploitation of 3rd world countries.

Now why do people think there is inflation ?  Because everything related to goods that are commodities/consumables has inflation
BACON = 80% HIGHER
BEER = 50% HIGHER
ELECTRICITY = 60% HIGHER
GAS = 97% HIGHER

So our society = everything durable/tech = much cheaper all the time = increased quality of life for cheaper = better world
everything consumable = much more expensive all the time

Solution ?  Just buy bitcoin.

yeah inflation is more than just transitory wood prices.  economics at work.  everyone rushes to buy wood to build stuff because they have no lives and dont know what to do when the man stops telling them what to do, increasing demand, pandemic straining supply.  Lumber mills go into overdrive and produce at max capacity, increasing supply.  Demand goes back to normal.  Price drops back to where it was before the pandemic.  


Same happens with Bitcoin, except you can't produce more.  So price just goes higher and higher and higher and higher and never stops

I say BTC 50k by monday.  Everytime there is bad news, poly hack, stock markets down, sec regulation and so on and so forth, price just doesnt really dump more than a few %.  bullish

I'm saying its a scam because if they make 1% return off non cash investments, thats 300 000 000 dollarinos a year in pure profit, plus the possibility for loans to a "cousin" or such things to finance a lavish lifestyle.  Maybe they buy bitcoin at the tune of 300m a year, maybe not.  2 points - it should be all cash or cash equivalent - it isnt -- and I do have a philosophical exception against stablecoins since I value all shitcoins vs bitcoin, i.e. ethereum is worth 0.067 btc, not some usd number therefore I have no use for any stablecoin.
Ok another point, 3 -- if they get say 10-20% of all Commercial Paper outstanding in the USA, and there is a crash, shouldnt USDT outstanding values go down as people sell and withdraw?  Then they may be forced to liquidate all of that at once before they come due, crashing the price and making companies unable to issue new commercial paper, killing liquidity and causing a serious financial stress which the central bank will have to step in. Even maybe taking a loss on that.  IF they do take a loss, then how do they pay back the USDT ?  I wouldnt have any sympathy for people on the hook though.
We all have our opinions, but insinuating I am a no-coiner because I am talking shit about an altcoin  
 
When central bank stablecoin, thus killing usdc, usdt ?  I'll stick to bitcoin thanks

Tethershit coin is a threat to financial stability.  The whole thing is basically a scam, its not 1USDT=1USD, at all.  If it was then Outstanding Tether = same number in USD cash.  It is not.  
USD cash in tether is about 2.9%, add fiduciary deposits = 21% of the total.

Here is the breakdown with my analysis

3% actual cash + fiduciary deposits = 21% USD
12% is "secured loans"  ==  They bought big houses in the caribbean
10% precious metals/corporate loans == They bought Gold and stashed it
1.5% shitcoins ==  They bought shitcoins to pump and dump
5% TBills, reverse repo notes ==  could count as cash but interest bearing

AND roughly

50% Commercial Paper == +30 Billion == I will admit there is 1.1 Trillion outstanding in commercial paper, however that is close to 3% of all the outstanding commercial paper in the US.
Add USDC, maybe 5% of all commercial paper is held by usdt+usdc

If crypto market goes x5, stablecoins x5, then 25%...you get the picture.  Commercial paper is what enables you to have a paycheck at the end of the week by the way.
my2satoshis

much thanks
edit: id give you much merit but dont have any to send

Yeah but he rode that pump, and got out.  Hes going to buy for next pump.  If this pump isnt over and hits the gym he'll miss out.  But missing out on things ain't the end of the world, theres always the next one...

18 U.S.C. § 1341 provides:

    Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail matter, any matter or thing to be sent or delivered by the Postal Service, or deposits or causes to be deposited any matter or thing to be sent or delivered by any private or commercial interstate carrier, or takes or receives therefrom, any such matter or thing, or knowingly causes to be delivered by mail or such carrier according to the direction thereon, or at the place at which it is directed to be delivered by the person to whom it is addressed, any such matter or thing, shall be fined under this title or imprisoned not more than 20 years, or both.

Fun fact, postal office investigators are like the freakin FBI.  Through various fun techniques, they can actually identify who posted a letter (sometimes), in what mail box and when.

If you or anyone you know has been a victim of mail fraud, say, from a cryptocurrency project sending snail mail or anything similar to that effect, I would recommend filling this form out
https://ehome.uspis.gov/fcsexternal/default.aspx

From what I can see from a user on reddit : "My address was in the Ledger leak database and yesterday I received a three page, double-sided letter from Hex (read: Richard Heart), claiming 95,000% gains if you invested in Hex."


If someone has that letter, please scan it and post it or send me a link.  Because as an ex-mailman, it makes me feel very bad to deliver these things to people.  And I will report it.  So should you.

lol hex is 100% a security, fraudulent one at that too
completely fails the howey test
edit:  "medical research" that non profit would be funny if its only purpose wasnt evading taxes or some shit. 

Sapphire GPUs are top of the line in most models.  Well built, durable double bearing fans, good cooling, etc.  Sure some may need to be RMA'd, but so do all the others.

So heres the deal, a person I know had a paper wallet, who then put it in block.io for some reason, then forgot about it.  Technically its Dogecoin, but since its a shitty fork of bitcoin i think its relevant to bitcoin discussion.

What block.io gives me as information for recovery is:

BIP32 Public key: d...
BIP32 Private key: d...
bip32 derivation path m/i/0
Second Public key: 0....
Second Private key: Q....
Redem Script format: 2 BIP32_public_key_for_node_i 0.... 2 OP_CHECKMULTISIG
test redeem script (i=0): 2 0.... 2 OP_CHECKMULTISIG
P2SH/P2WSH-over-P2SH/PSWSH Address (i-0): 9...

if I try to importprivkey with the private key starting with d.... it doesnt work, so I figured I had to convert it, that gave me something that started with 5 which doesnt work out, so i figure my mistake is there.  Anybody has any ideas?

Its a xmas gift I gave him as a paper wallet, and of course they always fuck everything up even though you clearly tell them clear and simple instructions.  not their fault I guess but now I want to help but god damn I dont remember this shit from 8 years ago

edit : nvm got it wont post solution since I dont remember exactly what i did

Just want to point out by mid december we'll have hit 90% total bitcoin supply mined.  can someone say f o m o

All started in september 2001.  The world really did change within a month.  Its a good thing we have Bitcoin, else people would really be screwed.

BTC ANY MOMENT

guys fuck you money status (to me), means this:
1-own safe, nice place you call home
2-own other things you want, maybe sailboat to get supplies to bring to your home
3-have supplies (food, medical, essentials) to live

So however bitcoin needed for that, maybe its a nice little self sufficient shack, maybe not.
THEN
those 3 things need to be 100% paid off, but they cost money each year, every year.  So you need a certain amount that once invested/interest bearing covers all of those costs.  If all this costs 50 000 usd a year in taxes, maintenance, supplies, etc (remember it needs to be all paid off), and a safe investment bears 3% interest.  Right now you would need about 35 Bitcoin equivalent.

Then you have fuck you status because whatever happens in the world - war, pandemic, aliens, nocoiners revolution - you can never, ever, ever lose your assets or your way of life.  ever.  Everything else you do in life is literally "fuck you" because all the risk of basic material human life has been taken away and gone to 0.  This is very, very, very difficult to achieve and even people with literal tons of money don't achieve it.

edit:  so when central banks load up on bitcoin ?

Big hack, price still inching up.  bullish very soon^TM ?

I think the PolyNetwork team can go and fuck off, good chance they stole the money themselves anyways.

No mention of the huge DEFI hack that just happened ? 

Also above poster you forget to mention base fees makes eth transfers always more expensive due to the adjusting mechanism, and block size is doubled - but I think you mean to say block size always tends to being 50% full, because thats the adjusting mechanism for the base fee. 

everyone is now sending messages to the hacker(s)_funny.  I like this one
etherscan.io/tx/0xa40857280f5283bdf4aa55fcd6a703e40460f7bacc163b439cd73a3920013048
<Hi Can i haz shitcoins I will properly dispose of them  Hack the Planet>

this is gold, they tipped him 1 btc pretty much for that

https://twitter.com/HsakaTrades/status/1425093301691195407

Communicating through transactions is also gold

"IT WOULD HAVE BEEN A BILLION HACK IF I HAD MOVED REMAINING SHITCOINS! DID I JUST SAVE THE PROJECT?
NOT SO INTERESTED IN MONEY, NOW CONSIDERING RETURNING SOME TOKENS OR JUST LEAVING THEM HERE"

God bless hackers, keeping exploiters in check