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

[byates1]

benny sounds frustrated. his demanding high earning wife is ordering him around.

is she pissed you missed btc?

[JimmyCarter]

benny sounds frustrated. his demanding high earning wife is ordering him around.

is she pissed you missed btc?

So in this “hate fuck each others wives” scenario, are you going to share the anime pillow or the sock puppet with us?

[byates1]

someone sounds curious. pm me for rates..

[JimmyCarter]

someone sounds curious. pm me for rates..

Rates in a swap?? Yet another form of financial transaction you’re painfully uninformed about

[byates1]

cold hard cash via commission motherfucker

[MultiVerse]

Back to reality. Despite some posters' most fervent wishes, crypto is not going away. The SEC is behaving like a school yard bully, not a legit institution. https://cryptosheadlines.com/sec-com...ea-for-crypto/

I can't think of a more effective regulatory tool for crypto than the fall of FTX. The cool thing about this latest crypto rally is nobody, well almost nobody, is pretending there's a story behind it. Nobody pretending crypto is the next big thing going to take over the world. (Almost) nobody pretending what the SEC says matters. It's just about the line going up driven by sentiment. As of today, speculation is the use case. So why would crypto folks want the SEC to unambiguously regulate crypto when if the SEC had its way it would more or less ban crypto. That's reality

[byates1]

btc is gold. so how the f is the sec going to ban gold. turn off the internet for good.

there is no way. if the us passed laws to ban a commodity it would just become way more valuable. that's reality

[MultiVerse]

That's not the point. The current paradigm for regulating crypto is on a case-by-case basis. You ask the SEC to register a token and a lot of the time they do. Asking instead for clearly defined rules only begs for a legal ban. If crypto wants to operate on the black market that's something else entirely. Right now the rules aren't clear at all. That's by design. The SEC, and Congress, thinks if they write rules right now crypto entrepreneurs will game them, because they will. So from the governments perspective an informal process of industry collaboration makes more sense.

[J. Barron DeJong]

btc is gold. so how the f is the sec going to ban gold. turn off the internet for good.

there is no way. if the us passed laws to ban a commodity it would just become way more valuable. that's reality

You are aware that back during the gold standard days it was illegal for Americans to own gold, the commodity, right?

[stalefish3169]

The cool thing about this latest crypto rally is nobody, well almost nobody, is pretending there's a story behind it. Nobody pretending crypto is the next big thing going to take over the world.

Lol. Wut?

There's no need to pretend man. Bitcoin won. Luddites lost.

[stalefish3169]

The cope in here today is next level.

[MultiVerse]

Cope? Speculation is the use-case this time around is it not? I mean, if bitcoin won then what's the explanation for all the memecoins? Clearly cute doggies are winning too, right? All the old tiresome narratives are irrelevant. The absence of pretense is refreshing.

[bennymac]

The cope in here today is next level.

The hypocrisy in here has been at that level for decade. Act accordingly.

[byates1]

You are aware that back during the gold standard days it was illegal for Americans to own gold, the commodity, right?

Is why I collect pre 33 gold. Resist motherfucker.

[stalefish3169]

Cope? Speculation is the use-case this time around is it not? I mean, if bitcoin won then what's the explanation for all the memecoins? Clearly cute doggies are winning too, right? All the old tiresome narratives are irrelevant. The absence of pretense is refreshing.

The speculation argument was fair during the 2017 run up. It was maybe even valid in 2021. It's completely ridiculous in 2024.

Meme coins are a sign of the times and indicate a loss of faith in society. It's financial nihilism. Zoomers and Millennials have been absolutely skull fucked by the Boomers and Gen X who ran up the tab to completely irresponsible levels and left the youth with the bill, so they see meme coins as their only chance to ever have any chance of financial success.

[stalefish3169]

The hypocrisy in here has been at that level for decade. Act accordingly.

So you're saying this BTC thing has staying power, eh?

[bennymac]

So you're saying this BTC thing has staying power, eh?

You can’t show me where I said it didn’t.

And thankfully your hypocrisy has no relation to BTC’s staying power.

[J. Barron DeJong]

The speculation argument was fair during the 2017 run up. It was maybe even valid in 2021. It's completely ridiculous in 2024.

Meme coins are a sign of the times and indicate a loss of faith in society. It's financial nihilism. Zoomers and Millennials have been absolutely skull fucked by the Boomers and Gen X who ran up the tab to completely irresponsible levels and left the youth with the bill, so they see meme coins as their only chance to ever have any chance of financial success.

Why are meme coins a sign of financial nihilism, but Bitcoin isn’t?

It seems like 90% of what you say when talking up Bitcoin is financial nihilism, so…?

Like isn’t “so they see … as their only chance to ever have any chance of financial success” something you say pretty much weekly about Bitcoin? (Not necessarily those exact words, but that sentiment).

[stalefish3169]

Why are meme coins a sign of financial nihilism, but Bitcoin isn’t?

It seems like 90% of what you say when talking up Bitcoin is financial nihilism, so…?

Like isn’t “so they see … as their only chance to ever have any chance of financial success” something you say pretty much weekly about Bitcoin? (Not necessarily those exact words, but that sentiment).

Bitcoin is different things to different people, some may invest in it as a chance at a better life. I myself think the world will be incrementally better if corrupt politicians and central bankers can no longer debase our money, steal our time at will, and print trillons of dollars out of thin air to fund unnecessary wars.

The difference between BTC and the extreme majority of other cryptos, and especially meme coins, is that BTC is backed by POW and the most powerful computer network in history, while most other crypto will soon be irrelevant.

[MultiVerse]

The speculation argument was fair during the 2017 run up. It was maybe even valid in 2021. It's completely ridiculous in 2024.

Meme coins are a sign of the times and indicate a loss of faith in society. It's financial nihilism. Zoomers and Millennials have been absolutely skull fucked by the Boomers and Gen X who ran up the tab to completely irresponsible levels and left the youth with the bill, so they see meme coins as their only chance to ever have any chance of financial success.

lol, talk about sad clown cope. Previous runnups had actual narratives driving them. 2017 it was the future of money. 2021 was all about DeFi. This time it's all about speculation and having some fun.

As for your false narrative about Zoomers and Millennials that's been debunked many, many times in this thread. Millennials and Gen Zers are much wealthier now than the previous generation was at their age. And their wealth is growing faster due to higher incomes, not because of crypto. The average net worth of both these groups is the highest it has ever been:

https://economistwritingeveryday.com...an-we-thought/

[stalefish3169]

You can’t show me where I said it didn’t.

And thankfully your hypocrisy has no relation to BTC’s staying power.

How do you find so much time to rage against crypto here and also on the social media pages of Tom Brady, Matt Damon, and Larry David?

[bennymac]

I get up early in the morning.

But remember - only one of us couldn’t see through those obvious bullshit ads.

#ushilledFTX

[jackstraw]

The difference between BTC and the extreme majority of other cryptos, and especially meme coins, is that BTC is backed by POW and the most powerful computer network in history, while most other crypto will soon be irrelevant.

My POW hates btc and that "most powerful" energy consuming machine. Which obviously is an absolute waste to society as you've yet to prove one beneficial attribute it brings to anyone, aside from maybe mining money. And anyone who truly cares about snow would also hate btc.

[MultiVerse]

Bitcoin is also not the the most powerful computer network in history. That's been debunked in this thread too.

[stalefish3169]

I get up early in the morning.

But remember - only one of us couldn’t see through those obvious bullshit ads.

#ushilledFTX

Early you say? Does Byates wake you up when he's leaving your wife's room in the morning?

First off, I never shilled FTX. I said Sam made a legendary call on Solana, which was actually true. Gotta give credit where it's due. https://twitter.com/SBF_FTX/status/1...fAqrL_aOA&s=19

Secondly, I could never even use FTX as a US citizen which corroborates my freedom comment that you kooks can't seem to wrap your head around. Sure there was FTX US, but it had a small fraction of what was on FTX, just like Binance. I actually had a Binance account for a while before being forced to close it a few years ago due to being a US citizen.

Third, my winners win comment was about TB12, not SBF. I mistakenly trusted that many powerful people, including high-ranking US government officials, who I have no connection to did their due diligence on FTX/SBF, as did countless others. I'm also calling bullshit that you called the FTX downfall before it happened. Everyone here seems to have "called it" after the fact.