jojo69
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diamond-handed zealot
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July 27, 2019, 03:18:26 AM |
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FTFY jojo.
good call I get the crooks mixed up
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realr0ach
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#TheGoyimKnow
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July 27, 2019, 03:22:39 AM |
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Trumps new nuclear war idea...https://www.silverdoctors.com/headlines/world-news/obliteration-trump-threatens-iran-with-nuclear-strike/Why it's a dumb idea: Not really a fan or enemy of Iran personally, but since Iran is part of the Russia/China alliance, randomly nuking someone on their team is going to make them question whether they should first strike before they're next.
It makes zero sense from any game theory perspective. If you were to first strike anyone, it would need to be the strongest members of that team, which is also not an option due to the Russia dead hand switches and such. So, overall it's a very stupid (((neocon))) idea.
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Wilhelm
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July 27, 2019, 03:27:44 AM |
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Nice green dildo there !
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Paashaas
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July 27, 2019, 03:47:47 AM |
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realr0ach
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July 27, 2019, 03:59:15 AM |
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WHAT miner capitulation??? There was no increase in mining when the price was pump and dumped to $20k (probably China mining cartel colluding with Giancarlo at Bitfinex to make it happen and knew it was unsustainable price rigging so why build more miners?). The price then flopped back down and mining has been mostly the same during this entire series of events.
There is no "miner capitulation". If the Bitmain/Chinese mining cartel actually did "capitulate" and turned off their monopoly, the chain would freeze and require a hard fork and the price would be pennies. What is it? 60% of mining is done at two dams in China? I think we would have noticed if they "capitulated".
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 27, 2019, 04:09:26 AM |
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The BTC price has two trends apparent since mid July with both lower highs and higher lows, we havent yet found which is stronger of the two. I dont know if price is moving so slowly now because the two sides met and now counteract.
These are the dog days of summer. The only trend is malaise. It is written. Go outside, drink and be merry. For in late autumn, we bull.
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realr0ach
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July 27, 2019, 04:16:15 AM |
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Go outside, drink and be merry.
Trollgoossens is already drunk and high, that's why he's buying imaginary, valueless, digital timestamps instead of physical silver: https://usdebtclock.org/
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 27, 2019, 04:22:03 AM Last edit: July 27, 2019, 04:32:35 AM by HairyMaclairy |
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Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment. PMs are for fighting inflation. But inflation is dead, cremated, buried, gone.
Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. A PS4 is more powerful than the world’s greatest supercomputer in 1999. Writ large, Moore’s Law still rules, except it has migrated from the hardware level to the software level. GitHub was only invented 10 years ago. The iPhone is only 12 years old.
No one can raise prices in this environment in the supply chain - they would be destroyed. Deflation is here to stay and PMs have no role in a deflationary environment.
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criptix
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July 27, 2019, 04:31:36 AM |
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Hm europe preparing for another round of massive QE, banks preparing for negative interest nationwide in germany :S
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 27, 2019, 04:33:50 AM |
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Australia is moving to zero interest rates for the first time in history (it kept them high post Global Financial Crisis).
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realr0ach
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July 27, 2019, 04:36:31 AM |
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Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment. PMs are for fighting inflation. But inflation is dead, buried, gone.
Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. Moore’s Law still rules, except it has migrated from the hardware level to the software level. No one can raise prices in the supply chain - they would be destroyed. Deflation is not going anywhere.
Your post is completely nonsensical and is like a college freshman talking about theory without actually knowing how things work in practice. If someone owes $300k for a mortgage and deflation occurs, that amount due may now be equivalent to $600k instead through deflation. One way or another they're going to default even if you make it illegal to default. Everyone and their mom is either going to walk away from those loans or be unable to pay and all banks collapse. A college freshman (the brain of HairyMaclairy) would look at deflation and think it's good for banks because their relative profits from loans should increase. In reality, they take a bath on every single loan and die. When the banks implode, fiat then has a value of zero and Exter's Pyramid takes play where the value of all assets on earth is simply divided by the number of above ground ounces of physical gold and silver. Metals win in either deflationary or inflationary collapse. Bitcoin is useless in deflationary collapse and it's value would be nothingness.
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OROBTC
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July 27, 2019, 04:54:25 AM |
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Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment. PMs are for fighting inflation. But inflation is dead, buried, gone.
Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. Moore’s Law still rules, except it has migrated from the hardware level to the software level. No one can raise prices in the supply chain - they would be destroyed. Deflation is not going anywhere.
Your post is completely nonsensical and is like a college freshman talking about theory without actually knowing how things work in practice. If someone owes $300k for a mortgage and deflation occurs, that amount due may now be equivalent to $600k instead through deflation. One way or another they're going to default even if you make it illegal to default. Everyone and their mom is either going to walk away from those loans or be unable to pay and all banks collapse. A college freshman (the brain of HairyMaclairy) would look at deflation and think it's good for banks because their relative profits from loans should increase. In reality, they take a bath on every single loan and die. When the banks implode, fiat then has a value of zero and Exter's Pyramid takes play where the value of all assets on earth is simply divided by the number of above ground ounces of physical gold and silver. Metals win in either deflationary or inflationary collapse. Bitcoin is useless in deflationary collapse and it's value would be nothingness. Gold did very well in the deflation of the 1930s. While gold would certainly be hit in a stock market crash (as everyone would need $ liquidity), it is likely that gold would drop in price less than most other investment assets. realr0ach is correct that the banks would be in grave danger in a deflationary environment. Debts are extremely toxic in deflation. Not to mention derivatives... We have not had a real deflation in the USA since the 1930s. Many of the economic rules we (mostly) believe in get turned around 180 degrees in a deflation (look at the perverse effects of NIRP, where you make money by borrowing it in Europe.) * * * It is, of course, possible that BTC would drop LESS than stocks (etc.) in a crash or extended bearish environment. BTC has not been around long enough for us to know what would happen in a market event like 2008-2009.
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fabiorem
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July 27, 2019, 04:56:54 AM |
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All this talk about silver, palladium and platinum made me buy more litecoin today.
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Amateur_
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July 27, 2019, 04:57:46 AM Last edit: July 27, 2019, 05:10:43 AM by Amateur_ |
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Australia is moving to zero interest rates for the first time in history (it kept them high post Global Financial Crisis).
Source? This looks to be BLATANT FUD. All this talk about silver, palladium and platinum made me buy more litecoin today.
I personally find litecoin to be quite an interesting project; it appears to be almost identical to bitcoin, with the exception of developers pushing the envelope with regard to technological innovation and the implementation of new/experimental ideas. Halving is only nine [9] days away too.
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realr0ach
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Activity: 924
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#TheGoyimKnow
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July 27, 2019, 05:10:41 AM |
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Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment. PMs are for fighting inflation. But inflation is dead, buried, gone.
Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. Moore’s Law still rules, except it has migrated from the hardware level to the software level. No one can raise prices in the supply chain - they would be destroyed. Deflation is not going anywhere.
Your post is completely nonsensical and is like a college freshman talking about theory without actually knowing how things work in practice. If someone owes $300k for a mortgage and deflation occurs, that amount due may now be equivalent to $600k instead through deflation. One way or another they're going to default even if you make it illegal to default. Everyone and their mom is either going to walk away from those loans or be unable to pay and all banks collapse. A college freshman (the brain of HairyMaclairy) would look at deflation and think it's good for banks because their relative profits from loans should increase. In reality, they take a bath on every single loan and die. When the banks implode, fiat then has a value of zero and Exter's Pyramid takes play where the value of all assets on earth is simply divided by the number of above ground ounces of physical gold and silver. Metals win in either deflationary or inflationary collapse. Bitcoin is useless in deflationary collapse and it's value would be nothingness. Gold did very well in the deflation of the 1930s. While gold would certainly be hit in a stock market crash (as everyone would need $ liquidity), it is likely that gold would drop in price less than most other investment assets. realr0ach is correct that the banks would be in grave danger in a deflationary environment. Debts are extremely toxic in deflation. Not to mention derivatives... We have not had a real deflation in the USA since the 1930s. I'm not sure an actual deflationary crash will even be allowed to happen like 2008. If a liquidity event occurs, they might just shut down markets, revalue metals by an obscene amount to re-capitalize the system, then re-open again the next day. What other reason would Basil III ruling exist? But they'll probably just keep trying to print more and more money and blow up the system through hyperinflation instead solely to avoid doing any metals revaluation even though debt monetization will automatically cause that to happen anyway.
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Amateur_
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July 27, 2019, 05:20:35 AM |
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I'm not sure an actual deflationary crash will even be allowed to happen like 2008. If a liquidity event occurs, they might just shut down markets, revalue metals by an obscene amount to re-capitalize the system, then re-open again the next day. That would be hilarious. What other reason would Basil III ruling exist? From Investopedia: The Basel III regulations are designed to reduce damage to the economy by banks that take on excess risk.But they'll probably just keep trying to print more and more money and blow up the system through hyperinflation instead solely to avoid doing any metals revaluation even though debt monetization will automatically cause that to happen anyway.
Isn't this already happening?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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July 27, 2019, 05:21:31 AM |
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Australia is moving to zero interest rates for the first time in history (it kept them high post Global Financial Crisis).
Source? This looks to be BLATANT FUD. All this talk about silver, palladium and platinum made me buy more litecoin today.
I personally find litecoin to be quite an interesting project; it appears to be almost identical to bitcoin, with the exception of developers pushing the envelope with regard to technological innovation and the implementation of new/experimental ideas. Halving is only nine [9] days away too. I know bitcoin, and you, litecoin are no bitcoin.
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Amateur_
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July 27, 2019, 05:28:07 AM |
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I know bitcoin, and you, litecoin are no bitcoin. Of course A is not equal to B, but they do share similarities in protocol design and proposed use/implementation. I'd be very interested to hear your take on the differences between litecoin and bitcoin, jiggy.
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VB1001
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<<CypherPunkCat>>
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July 27, 2019, 06:01:41 AM |
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I hope for the green dildo too! (no homo)
The dildo arrived. Wow! that's a great achievement brother. Being together for this long is truly amazing. Me and my wife celebrated our third anniversary few days ago. Embrace your evening. Say HI to your wife for me.
I would also like to see a green dildo to take the price to $13k+ 🤪
Ok, Thx. I would also like to see a green dildo to take the price to $13k+ 🤪 I’ve been with mine for 11 years, no marriage, no kids. No matter if you are married or live together, it is best to share your life with a person who understands and pursues the same goals in life as you. Which tonic water do you recommend with Hendricks?
In my country the most used is > Schweppes Tonic Water. Enjoy your evening Thx, Mic
Now I go to a pub to have a GinTonic (hendricks) of course, after celebrating with my wife the 29 anniversary of married, a good white wine, fish and seafood. Tomorrow hangover. If you see a big green dildo tonight, it's me who will be pushing hard, If it’s a red candle, I’ve fallen asleep. Good weekend to everyone. 5 figures I have no hangover, I did my job The perfect evening. Good morning WO,s
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