Bitcoin....who's gotten into it?

[stalefish3169]

So, anyone who expresses doubt about Bitcoin's valuation:

- enjoys crushing the hopes and dreams of the younger generations
- knows nothing of tech
- backs Steve Mnuchin
- is not woke

Questioning value is one thing. Specifically, demeaning people in the space is another. Paul Krugman is even tweeting about "cryptofreude."

How does banks of cpu using massive amounts of power to mine ones and zeros help the planet?

When was the last time you complained about the carbon footprint of your American Express card? How many miles per gallon does that aircraft carrier get that backs up your dollars? (Hint: The answer is actually many many gallons per mile.) How many children were heinously burned from white phosphorus munitions or developed cancer from depleted uranium so that you can sleep soundly in your 500 thread count sheets?

Bitcoin is version one. Subsequent versions are already more efficient and will likely be exponentially more so. Finally, the computers don't care where the electricity comes from. Rather than letting greed from the Trumps and Tillersons of the world continue to subsidize the fuels of the last century, we could use block chain as a catalyst to usher in a new era of renewables, for which the technology largely already exists.

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[4matic]

we could use block chain as a catalyst to usher in a new era of renewables, for which the technology largely already exists.

If that were true Elon Musk would already have it up and running.

[Bromontana]

I'd be lying if I said I didn't want to make some money. But I'm in it just as much for the paradigm shift. As are visionaries behind the projects I've got most of my money in such as Ethereum and EOS.

Our system is broken. When a handful of people control the same amount of wealth as the rest of the country, it's a massive problem. Govenment policy and legislation aren't even remotely controlled by public opinion today, we have a system of legalized bribery. I especially hate that I'm complicit in droning the fuck out of brown people just by paying my taxes...which are of course ridiculously high relative to the capital gains crowd.

And if the stock market crash worsens, who do you think is going to take it on the chin? It sure isn't going to be the Llyod Blankfeins of the world. No they've got their own Tether x1000 and they've been pumping the shit out of it for decades. My generation already got fucked coming out of college right around the subprime crisis and now we are likely going to get shit on again. Plus we have a nice 20 trillion debt to deal with and a planet with environmental systems on the brink of collapse. But yeah, we're the greedy ones.

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I hear you on the dysfunction & inequality, but we were born in a golden age of opportunity. All the information in the world at your fingertips, more professional and geographic mobility than any other time in history.

[stalefish3169]

I hear you on the dysfunction & inequality, but we were born in a golden age of opportunity. All the information in the world at your fingertips, more professional and geographic mobility than any other time in history.

Like most of us on here, I've got it pretty good. But I also have to step over piles of human shit on my walk to work and can see homeless tents from the windows of my 2k a month 1 bedroom. I also work with a lot of kids with master's degrees who make $20 an hour with no benefits for uncertain contract work. But hey, Amazon and Apple have billions in cash!

We're doing a lot better here than in Yemen, for example. But our country's upward mobility is declining, wealth inequality is increasing, etc. etc. I shudder to think how bad our already horrible political situation is going to get if the stock market crash turns into a recession. And what happens when the student loan bubble pops?

[4matic]

Your values however noble are your own. There are plenty of BTC participants that don’t give a crap about the homeless just like dollar traders. Assigning esoteric societal goals with the adoption of a trading asset is nonsense.

[MTT]

Like most of us on here, I've got it pretty good. But I also have to step over piles of human shit on my walk to work and can see homeless tents from the windows of my 2k a month 1 bedroom. I also work with a lot of kids with master's degrees who make $20 an hour with no benefits for uncertain contract work. But hey, Amazon and Apple have billions in cash!

We're doing a lot better here than in Yemen, for example. But our country's upward mobility is declining, wealth inequality is increasing, etc. etc. I shudder to think how bad our already horrible political situation is going to get if the stock market crash turns into a recession. And what happens when the student loan bubble pops?

that's pretty real. I wonder where the bottom is for the masses.

I also do OK. but live in a trailer and am trying to just make it to the finish line without living on the street, it can all be taken away so fast

[ICantLogIn]

So please explain to me what crypto is backed by which makes it something other than fiat currency?

I'm all ears.

Math

[huckbucket]

When was the last time you complained about the carbon footprint of your American Express card? How many miles per gallon does that aircraft carrier get that backs up your dollars? (Hint: The answer is actually many many gallons per mile.) How many children were heinously burned from white phosphorus munitions or developed cancer from depleted uranium so that you can sleep soundly in your 500 thread count sheets?

Tell me more ...

[Bromontana]

Like most of us on here, I've got it pretty good. But I also have to step over piles of human shit on my walk to work and can see homeless tents from the windows of my 2k a month 1 bedroom. I also work with a lot of kids with master's degrees who make $20 an hour with no benefits for uncertain contract work. But hey, Amazon and Apple have billions in cash!

We're doing a lot better here than in Yemen, for example. But our country's upward mobility is declining, wealth inequality is increasing, etc. etc. I shudder to think how bad our already horrible political situation is going to get if the stock market crash turns into a recession. And what happens when the student loan bubble pops?

Living in fear is also an option.

[ICantLogIn]

Virtual Currencies: The Oversight Role Of The SEC And The CFTC

Feb. 6, 2018 | 10:00 am EST
Chairman Jay Clayton will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs. The hearing is titled, "Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission."

Location
534 Dirksen Senate Office Building
Washington, DC 20510
United States

[ICantLogIn]

You think we will get some news on Tether at this /\ meeting?

[Kinnikinnick]

As it sits Bitcoin et al ARE a wild speculators success. If you bought in at $10 or $100 or $600 you’re still in the black big time and probably should, if you haven’t already, SODL to realize some of the absurd gains.

These all MAY someday warrant these valuations or even the Moon enabling valuations of $100k and until them it seems more like a vessel for speculators and those hunting for an imaginary utopian world. ‘If only we could disempower central banks all would be good in the world’


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[ICantLogIn]

As it sits Bitcoin et al ARE a wild speculators success. If you bought in at $10 or $100 or $600 you’re still in the black big time and probably should, if you haven’t already, SODL to realize some of the absurd gains.

These all MAY someday warrant these valuations or even the Moon enabling valuations of $100k and until them it seems more like a vessel for speculators and those hunting for an imaginary utopian world. ‘If only we could disempower central banks all would be good in the world’

IDK could be
crypto = email
federal reserve = United States Postal Service




WRITTEN TESTIMONY OF
J. CHRISTOPHER GIANCARLO
CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION
BEFORE THE
SENATE BANKING COMMITTEE
WASHINGTON, D.C.
FEBRUARY 6, 2018

[Kinnikinnick]

IDK could be
crypto = email
federal reserve = United States Postal Service

Could be.

This could be cryptos moment. Inflation fear rising as Trump/GOP inflationary tax bill balloons the deficit, stocks taking a hit, money running to find a safe haven. Maybe it’s in the fledgling, currently unregulated market for a currency backed by nothing and that isn’t currently used for exchange but could be in the future. A currency that has threat of regulation with widespread accusations of manipulation and money printing. It could that’s for sure.

The price has bounced from the $5ks back to $7ks


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[skaredshtles]

Math

Oh. Well, there you go.

Backed by maths.

I don't think "backed" means what that guy thinks it does.

[skaredshtles]

<snip> How many miles per gallon does that aircraft carrier get that backs up your dollars? (Hint: The answer is actually many many gallons per mile.)

Pretty sure that carrier doesn't use fossil fuels.

[Skidog]

Pretty sure that carrier doesn't use fossil fuels.

Nuke

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[ICantLogIn]

WRITTEN TESTIMONY OF
J. CHRISTOPHER GIANCARLO
CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION
BEFORE THE
SENATE BANKING COMMITTEE
WASHINGTON, D.C.
FEBRUARY 6, 2018

And its live.

[summit]

Very sidetracky... yea a nuclear carrier gets infinity NAUTICAL miles per gallon... (planes and escorts burn petrol products)

It also does a fuck ton more than protect the USD... which it does indirectly. And by the way it protects the very governmental systems that will be regulating crypto (which crypto needs to manage manipulators, scammers, etc).

The world is far from perfect and it has a long way to go. We need reform, but we are globally at a point of the highest standard of living, literacy, life expectancy, the lowest death rates from war https://ourworldindata.org/war-and-peace

I absolutely see the need for reform, but I don't quite see how BTC is going to accomplish much change.

I mostly see a game of speculation and the greater fool... so yea when I look at it that way I have disdain and a desire to warn others. Waving the ideology flag just makes me laugh my ass off because that is the viewpoint of a very small percent of crypto investors. Now you mad because we are laughing that what we said would happen is happening?

[stalefish3169]

Pretty sure that carrier doesn't use fossil fuels.

Nuke

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Ok, fair point. But the jets and support machinery aren't.

Don't you just love the smell of napalm in the morning?

https://www.google.com/amp/s/www.eco...60609.amp.html

Last week, mainstream media outlets gave minimal attention to the news that the U.S. Naval station in Virginia Beach had spilled an estimated 94,000 gallons of jet fuel into a nearby waterway, less than a mile from the Atlantic Ocean.

While the incident was by no means as catastrophic as some other pipeline spills, it underscores an important yet little-known fact—that the U.S. Department of Defense is both the nation's and the world's, largest polluter.

Producing more hazardous waste than the five largest U.S. chemical companies combined, the U.S. Department of Defense has left its toxic legacy throughout the world in the form of depleted uranium, oil, jet fuel, pesticides, defoliants like Agent Orange and lead, among others...



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[Mazderati]

Save the planet. Buy Bitcoin.

[Skidog]

Ok, fair point. But the jets and support machinery aren't.

Don't you just love the smell of napalm in the morning?

https://www.google.com/amp/s/www.eco...60609.amp.html

Last week, mainstream media outlets gave minimal attention to the news that the U.S. Naval station in Virginia Beach had spilled an estimated 94,000 gallons of jet fuel into a nearby waterway, less than a mile from the Atlantic Ocean.

While the incident was by no means as catastrophic as some other pipeline spills, it underscores an important yet little-known fact—that the U.S. Department of Defense is both the nation's and the world's, largest polluter.

Producing more hazardous waste than the five largest U.S. chemical companies combined, the U.S. Department of Defense has left its toxic legacy throughout the world in the form of depleted uranium, oil, jet fuel, pesticides, defoliants like Agent Orange and lead, among others...



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I don't doubt this at all. My buddy who was in the Navy told me they compact all the ships trash, when out for long periods of time, and simply dump it into the ocean.

The military industrial complex , big pharma, and big oil run the show.

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[ICantLogIn]

IDK could be
crypto = email
federal reserve = United States Postal Service




WRITTEN TESTIMONY OF
J. CHRISTOPHER GIANCARLO
CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION
BEFORE THE
SENATE BANKING COMMITTEE
WASHINGTON, D.C.
FEBRUARY 6, 2018

Great day for Bitcoin. Some bullish words, I think one of those doods has children who are long by the sounds of it.

Buy

[stalefish3169]

Very sidetracky... yea a nuclear carrier gets infinity NAUTICAL miles per gallon... (planes and escorts burn petrol products)

It also does a fuck ton more than protect the USD... which it does indirectly. And by the way it protects the very governmental systems that will be regulating crypto (which crypto needs to manage manipulators, scammers, etc).

The world is far from perfect and it has a long way to go. We need reform, but we are globally at a point of the highest standard of living, literacy, life expectancy, the lowest death rates from war https://ourworldindata.org/war-and-peace

I absolutely see the need for reform, but I don't quite see how BTC is going to accomplish much change.

I mostly see a game of speculation and the greater fool... so yea when I look at it that way I have disdain and a desire to warn others. Waving the ideology flag just makes me laugh my ass off because that is the viewpoint of a very small percent of crypto investors. Now you mad because we are laughing that what we said would happen is happening?

Hahahahah

Dude. Just stop. The US military industrial complex is the biggest Ponzi scheme of all time. You guys are having a circle jerk over a few billion in scam icos and the US military can't even account for TRILLIONS of dollars. Oh, what's that, recession on the horizon? Let's find another nation of brown people to blow the fuck out of to prop up the GDP and make Lockheed and GE shareholders richer.

https://www.cnn.com/2016/08/23/polit...ors/index.html

The US Army made trillions of dollars of accounting mistakes and often did not have the receipts or invoices needed to support figures in its budget, according to a scathing Pentagon report.

The audit, conducted by the Defense Department's Office of Inspector General, found that the Army erroneously made $2.8 trillion in adjustments in the third quarter of 2015 to its Army general fund - one of the main accounts used to fund the service. The error amount skyrocketed to $6.5 trillion for all of last year, the report said.

And what is this great government you speak of? We used to have a great government. Now we live in a dystopian plutocracy.





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[skaredshtles]

The frothing... it's impressive.