kurious
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Activity: 2590
Merit: 1643
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March 21, 2020, 11:00:36 PM |
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Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar. This must end in some kind of breakdown.
I didn't really answer the isolationism point, apologies. I agree. There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'. In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked. The lack of of a similar consensus and coordination this time around however, is plain and could get risky. In a world crisis it is risky to go it alone, or just blame someone else. This attitude seems to be hard-written into the current zeitgeist. The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust. If even a small country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble. This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand. This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus. The virus is just the straw. The camel's back is the world economy. Edited. I often do.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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March 21, 2020, 11:04:38 PM |
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Did I help the push to free up the screen?
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 21, 2020, 11:09:32 PM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
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OutOfMemory
Legendary
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Activity: 1624
Merit: 3258
Man who stares at charts (and stars, too...)
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March 21, 2020, 11:10:31 PM |
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Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar. This must end in some kind of breakdown.
I didn't really answer the isolationism point, apologies. I agree. There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'. In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked. The lack of of a similar consensus and coordination this time around however, is plain and could get risky. In a world crisis it is risky to go it alone, or just blame someone else. But this attitude seems to be hard-written into the current zeitgeist. The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust. If a country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble. This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand. This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus. The virus is just the straw. The camel's back is the world economy. Problem is, according to human nature, we try to carry out "former successful strategies" in the first place, before we go on to think about alternatives. So it's always a nosedive before the way up again. So far economy only fell on its knees... Also, the majority of the public thinks in a one-dimensional way, so they'd support more simple (understandable) "solutions". The majority wouldn't trust some complicated plans and international relationships as much as mentioned "do something" decisions. In fact it seems to be "do something, and make us look strong, too".
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kurious
Legendary
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Activity: 2590
Merit: 1643
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March 21, 2020, 11:12:03 PM |
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Sadly, yes.
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OutOfMemory
Legendary
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Activity: 1624
Merit: 3258
Man who stares at charts (and stars, too...)
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March 21, 2020, 11:12:42 PM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
If i would have any amount of sMerit left, i'd give them all to you, just because of asking that question. In fact, i have no idea. Back to IRC?
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lightfoot
Legendary
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Activity: 3136
Merit: 2244
I fix broken miners. And make holes in teeth :-)
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March 21, 2020, 11:15:10 PM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
UUCP and UUCico?
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Torque
Legendary
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Activity: 3640
Merit: 5175
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March 21, 2020, 11:19:15 PM |
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There were funky China men from funky Wuhan They were chopping bats up They were gulping bats dahn
It's an ancient Chinese art And everybody played their part Started as a quarantine on a ship Then spiraled into global pandemic
Everybody was Kung Flu fighting The markets plunged fast as lightning In fact it was a little bit frightening But they caught the bottom with expert timing
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bitserve
Legendary
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Activity: 1834
Merit: 1475
Self made HODLER ✓
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
Ham radio.
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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Ham radio.
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serveria.com
Legendary
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Activity: 2324
Merit: 1188
Privacy Servers. Since 2009.
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March 21, 2020, 11:27:48 PM |
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Everybody was Kung Flu fighting The markets plunged fast as lightning In fact it was a little bit frightening But they caught the bottom with expert timing
Haha this one is hilarious
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P_Shep
Legendary
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Activity: 1795
Merit: 1208
This is not OK.
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March 21, 2020, 11:40:41 PM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
Isn't the LN supposed to provide a solution to this?
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jojo69
Legendary
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Activity: 3248
Merit: 4457
diamond-handed zealot
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March 21, 2020, 11:45:58 PM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
damn good question 20M is pretty good in the daytime 75M at night we live in a pretty centralized world
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JayJuanGee
Legendary
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Activity: 3794
Merit: 10620
Self-Custody is a right. Say no to"Non-custodial"
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March 22, 2020, 12:20:29 AM |
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Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).
You are skipping straight from sub $5k to sub $4k? One step at a time, Wekkel, no? I am not going to presume sub $4k. No way No, I have a strategy aimed at sub $5,500, but then I wouldn’t have any fiat power left. I keep open the possibility that Wall Street takes another nose dive (in the US the Corona shit is about to hit the fan), possibly dragging Bitcoin down with it... again. I would hate missing a great ‘buy the dip’ moment again oh. Maybe I misunderstood some of what you said. Historically, you have seemed to have been a kind of person who had been able to either buy small amounts on the way down, or at least HODL through the situation, even though sometimes the level of your bearishness could sometimes have indicated when a bottom was close to being in. As you likely realize, my personal strategy attempts to prepare for more bearish than I actually expect the worst case scenarios to be, so even though I might not want to indicate some of my true level of bearishness or skepticism because I would not want to either be perceived as cheering for down or contribute towards causing anyone to sell BTC when they should either be preparing to buy on the way down or HODLing through. It seems to me that you should not exhaust all of your fiat in the sub $5.5k arena if you are actually anticipating either sub $5k or even somewhere lower in the $4ks. But, yeah, who the fuck really expected BTC prices to be here in the first place, and sure it is not out of the question that we might be testing $3,124 again at some point, not intending to give any suggestion to mindrust like folks to wait for that low before they start buying back.. and that is if they even get a chance to buy back in the sub $5ks. Someone like mindrust, I just have a hard time knowing what I would do, because I would not have pulled that initial trigger in the first place, but I recognize that his perspective is different anyhow, because for some reason he continues to give a decent amount of weight to those bear stories that are projecting quite low BTC prices that seem to be kind of out of the realm of realistic likelihood for many of the rest of use BTC HODLers. So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.
Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks. So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch?
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JimboToronto
Legendary
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Activity: 4088
Merit: 4691
You're never too old to think young.
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March 22, 2020, 12:27:27 AM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
Ham radio. dadidadidadadida or more properly: Dah-Dit Dah-Dit, Dah-Dah Di-Dah
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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March 22, 2020, 12:43:24 AM |
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So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.
Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks. So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch? Yup. My Mom Didn't Raise No Dummy
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JayJuanGee
Legendary
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Activity: 3794
Merit: 10620
Self-Custody is a right. Say no to"Non-custodial"
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March 22, 2020, 12:56:10 AM |
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So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.
Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks. So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch? Yup. My Mom Didn't Raise No Dummy hahahaha Yeah... we seem to have a considerable number of regulars here, who realize that even if they fuck around with trading a portion of their stash, they need to figure out (and practice) a portion of their BTC that they are NOT going to touch, except maybe when the BTC price goes above certain levels or some other tentative upwardly bound criteria.
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Raja_MBZ
Legendary
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Activity: 1862
Merit: 1505
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March 22, 2020, 01:00:30 AM |
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If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?
https://myhush.org/Private Cryptocurrency and Messenger on Zero Knowledge Proof Encryption
HUSHLIST PRIVATE MESSENGER FOR PSEUDONYMOUS AND ANONYMOUS COMMUNICATIONS Hushlist is a program which allows communicating via the cryptocurrency Hush. You can send messages to around 50 people simultaneously, allowing for encrypted mailing-list style messaging.
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