Let's all stop fighting. At least we all can agree that trump is doing a great job and we all can unite in our agreed on support for the administration
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Let's all stop fighting. At least we all can agree that trump is doing a great job and we all can unite in our agreed on support for the administration
I just hope you are as ignorant about politics as you are about economics, because ignorance is the only somewhat valid excuse for not denouncing what the administration is doing.
Wait you're not rolling coal on all the raging libs Saturday? Huh.
No, I will be out there protesting the guy who is trying his hardest to bring authoritarianism to America.
and a douchebag.Quote:
Well first, bunion wants to compare net worth not me. So apparently he wants to judge. Im not mocking anyone, was just wondering if the modular home bunion has still has wheels on it. Ive probably inherited bunions current net worth. Im 17 yrs younger than him so have more time. Im like all the other posters here. Rich white and entitled
Struck a nerve yet again did I? A dick measuring contest seemed to be what you were getting at.
Its wonderful that you are another of the west and Bozemans many trustfunders.
I came from a much more humble background and am happy to have what I earned and saved. Perhaps someday you will achieve some level of happiness. Meanwhile, I hope BTC goes to a bazillion, you make a fortune and become the Elon Musk of the van dwellers.
Coinbase just dropped a black steel Amex w 4.5 BTC rewards. Yes. Coinbase one membership (0 trading fees, 360$ a yr)
I've had the venmo BTC card for 2 yrs. ~ 5 k in BTC sitting there.
Stack son https://uploads.tapatalk-cdn.com/202...bd06d93030.jpg
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You say you don't care about BTC, lack a basic understanding of its fundamentals, and your thesis of it not existing anymore in 5 years (time's almost up) has been extremely wrong. Yet you keep posting in this thread. Curious.Quote:
Originally Posted by Bunion 2020
:)
There are a plethora of ways to spend BTC effortlessly. Your argument is a straw man and in bad faith. By your logic someone can't actually spend dollars in a foreign country via credit card because the dollars get converted to local currency.Quote:
Originally Posted by nickwm21
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Fucking guy is using an AI botch job of my argument about Steak and Shake not really taking Bitcoin.
Too bad for you your argument is fucking stupid. Currency conversion happens at POS systems all day everyday and BTC is just one more currency. Are you gonna argue that when Dutch people come to the USA and spend money on their credit cards it doesn't actually count because the merchants don't keep the Euros? And you keep whining about me being disingenuous. Pfft.Quote:
Originally Posted by J. Barron DeJong
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….Do you really want to compare the circulation and utility of the Euro vs BTC?
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The argument isn't about comparing the Euro and BTC directly, although if you want to do that it's likely that BTC will outlast the Euro. However, the meat of the argument is that POS systems handle currency conversions all the time. So you guys are obtuse as fuck or arguing in bad faith, but probably both.Quote:
Originally Posted by nickwm21
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For all intents and purposes, no real businesses want to be exposed to Bitcoin themselves is the point.
Yet both of you keep dodging the question and moving the goal posts.Quote:
Originally Posted by J. Barron DeJong
Just because you refuse to accept it doesn't mean it's not happening.
Probably nothing.
https://privy.io/blog/announcing-our...tion-by-stripe
https://www.shopify.com/news/stablecoins-on-shopify
:)
I am not dodging any question, I am just making a point.
I thought the entire point of Crypto anything was to be apart and insulated from the corrupt modern banking and financial systems?
Not curious in the least.https://www.tetongravity.com/forums/...ular_smile.gif
AI says.....But you cant always trust your mother, or AI.Quote:
a key driving force behind the creation and appeal of cryptocurrencies like Bitcoin was the desire to offer an alternative to and potentially be insulated from traditional banking and financial systems . This was particularly evident in the wake of the 2008 global financial crisis, which exposed perceived weaknesses and potential for corruption within centralized financial institutions. Heres why cryptocurrencies were conceived as an alternative:
Decentralization: Cryptocurrencies operate on a distributed ledger, the blockchain, which means there is no single central authority controlling the system. This contrasts with traditional banking, where central banks and financial institutions hold significant power and control.
Reduced reliance on intermediaries: Transactions are designed to be peer-to-peer, minimizing or eliminating the need for banks or other intermediaries to verify and facilitate transactions. This eliminates potential fees and delays associated with traditional financial systems.
Transparency and Security: The blockchain provides a transparent and verifiable record of transactions, relying on cryptography to ensure security. This is presented as an alternative to the perceived opaqueness and potential for hidden risk within traditional financial institutions.
Potential for Financial Inclusion: Cryptocurrencies aim to provide access to financial services for individuals who may be unbanked or underbanked, bypassing the limitations of traditional financial systems. Control over assets: The idea is that with cryptocurrency, individuals have direct control over their own funds, rather than relying on institutions to manage them. In summary, the initial goal was to create a decentralized, peer-to-peer electronic cash system that offered a more transparent, secure, and potentially accessible alternative to centralized banking and financial institutions
And while these stablecoins you linked to do represent a comprehendable asset structure, this is the Bitcoin Thread good sir.https://www.tetongravity.com/forums/...ades_smile.gif
Your post demonstrates that you don't know what you're talking about. Crypto could never reach its full potential without interacting with tradfi. What is important is that nobody has the power to create more BTC except by mining it under the same rules as anyone else. Secondly, anyone can still send BTC payments without an intermediary. That hasn't changed. The adoption of stable coins is only going to galvanize BTC, not replace it.Quote:
Originally Posted by Bunion 2020
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.https://www.tetongravity.com/forums/...mages/kiss.gifQuote:
As HODLers we deeply distrust government, I for one believe we are at war with them. Governments seek to expand power, free people seek to destroy power.
Now its not wise to let your enemy see your money transactions. Now, under current circumstances its illegal in the United States under the fourth amendment for unlawful search or seizure without a warrant.
Meaning that, the government has no right to track our money.
On the other hand, should a warrant be issued, the government can demand visibility. Anything less is a breach of the fourth amendment.
Bunion- on the bleeding edge of economic theory
Why don't you post the quote author brosef?Quote:
Originally Posted by Bunion 2020
Also, Bitcoiners are not a monolith.
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He's on a commodore 64. Combine that w the bleeding edge software of trg and voila
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Uh oh, Jong! Seems like there are lots of companies out there that dON'T aCCePt DoLLaRs!
"Foreign vendors don't want to be paid in dollars anymore and Central Banks are selling Treasuries - the Trump phone or whatever will not fix something like this"
https://x.com/kylascan/status/193470...a6yTiB_ag&s=19
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Literally every single (legal) vendor in America takes dollars, dumbass.
Do you stop to consider the reason these same vendors do not take Bitcoin is because they do not want total be exposed to wild currency swings?
While the dollar has been weakening versus other currencies recently, it is still stronger than at any point this century prior to Covid.
Both in nominal terms: https://fred.stlouisfed.org/series/DTWEXBGS
And in real terms: https://fred.stlouisfed.org/series/RTWEXBGS
Oh I am so sad. Byates made fun of my computer.
Context:
Quote:
1. Distrust of Government and Centralized Power:
- Decentralization as a Core Value: The fundamental nature of cryptocurrencies like Bitcoin lies in their decentralization, meaning they operate outside the control of central banks and governments. This decentralization is seen by some as a way to circumvent government oversight and control, offering a haven from potential overreach or manipulation.
- Historical Context: Some trace this sentiment back to the very origins of Bitcoin, noting that its first block contained a headline from a newspaper article about government bailouts for banks, highlighting an early association with anti-establishment views.
- Concerns about Monetary Policy: HODLers, and many others in the crypto space, often express concerns about government monetary policies, such as printing more money, which they believe leads to inflation and diminishes the value of traditional currencies. Bitcoin's limited supply, for instance, is seen as an anti-inflationary feature.
2. The HODL Philosophy:
- Long-Term Investment: The HODL strategy is not just about short-term gains; it's also often tied to a belief in the potential of cryptocurrencies to fundamentally change economic and political systems.
- Ideological Belief: Many long-term cryptocurrency investors believe in the separation of money and state, seeing this as an ideological stance.
- Advocacy for Economic Freedom: Some proponents, like Michael Saylor, advocate for economic freedom and encourage wider adoption of Bitcoin as a way to achieve this.
3. Regulation and Its Impact:
- Differing Views on Regulation: While some in the crypto community welcome clear regulation as a way to protect investors and promote adoption, others fear that excessive government control could stifle innovation and limit market access.
- Regulatory Challenges: The fragmented nature of cryptocurrency regulation, both within the U.S. and globally, creates complexities for businesses and investors.
- Government Responses: Governments worldwide are grappling with how to regulate this new technology, with varying approaches ranging from outright bans to the development of Central Bank Digital Currencies (CBDCs).
4. Nuance and Complexity:
- Not All HODLers Share the Same Views: It's important to remember that the cryptocurrency community is diverse, and not everyone shares the same political or ideological beliefs.
- Mixed Political Allegiances: While there may be correlations between crypto ownership and certain political views, research also suggests that crypto purchasers display a mixture of left and right-leaning allegiances.
- Focus on Innovation and Technology: Some HODLers are primarily interested in the technological advancements and innovative potential of blockchain technology, rather than solely focusing on political or economic issues.
In summary, the sentiment you've expressed is a well-known aspect of the HODLer mindset, emphasizing individual liberty and skepticism towards centralized authority. This perspective, often fueled by concerns about monetary policy and government overreach, is reflected in the pursuit of decentralized alternatives like Bitcoin
Breaking news! The Federal Reserve (which by the way is not federal at all and is actually a shadowy banker cabal) which is in charge of fleecing the public by continually manipulating the basket of goods is actually full of shit!Quote:
Originally Posted by J. Barron DeJong
https://x.com/charliebilello/status/...Hmmrb_bug&s=19
Price Increases over last 5 years...
CPI Medical Care: +12.0%
CPI Apparel: +14.4%
CPI New Cars: +21.5%
CPI Food at home: +23.3%
CPI Shelter: +27.3%
CPI Food away from home: +30.7%
CPI Used Cars: +32.7%
CPI Electricity: +37.1%
CPI Transportation: +49.3%
US Home Prices: +52.4%
CPI Gas Utilities: +54.0%
CPI Fuel Oil: +68.1%
CPI Gasoline: +68.9%
CPI Auto Insurance: +83.9%
CPI Dozen Eggs: +177%
:)
Jong only relies on his echo charts.
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I am sorry, but are you using BLS data to claim that the BLS data is fraudulent?
bitcoin going to 125,000 this year, lots of etf's out there for those not having the cash to buy a bitcoin to ride along side.
Put your money where your mouth is....
And for the record, the BLS is under the Department of Labor. They are not the Fed.
Haha. SkiCougar is a too.
All the best people.
The point is it's all BS. Why are home prices not in the basket of goods? They pick and choose to manipulate the "official" CPI amount. But even if the overall rate of inflation is somewhat lower, it's still well above the 2% and the price impact of the much higher rates over the last few years is not going away.Quote:
Originally Posted by J. Barron DeJong
:)
You are convinced I am the one in an information bubble yet you believe this bullshit.Quote:
Originally Posted by stalefish3169
Housing is included in CPI in the form of rent (for renters) and owners equivalent rent (for homeowners). The methodology is all public if you actually care to know instead of believing in conpiracies.
Shit, even the inflation truthers do not buy what you are selling anymore:
https://truflation.com/
I always read any Clownfish posts with that "paid actors not actual users" tagline in drug commercials. Just some klown on a ski forum who doesn't even ski.