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The Fed just steals your money too, albeit more slowly.

So you agree that money is going digital eh? I thought people were all hell bent on having something they can hold. Digits showing up on a screen is now good enough? So what are better digits though... ones that can be controlled by your government or digits that they have no control over...

How long have they been printing money? I mean sure, it gets new colors every now and then, maybe some security enchancements, and many countries have the fancy plastic bills now vs paper. But jesus, printing currency is a technology from centuries ago! LOL

The thing about a contract though is that it has to settle with hard money. Who cares about a contract that can be settled in USD that can just be printed.

I believe it will be on the same scale. Most of the world problems stem from the manipulation and inflation of money. All great empires failed because they manipulated their currency. If we solve this problem within this decade, it will greatly transform the future for the better. We need to...

Guys, why do you keep arguing with @deaddog ? At this point, he is just pulling everyone's leg. He keeps asking the same shit over and over again. How do I price it? Where does the value come from? We have told him a million times and he either doesn't get it and never will, or is...

History tells us that many reserve currencies survive about 100 years. This is where we are now. I agree that I don't think i will wake up tomorrow and find the dollar is useless, but I'm just saying there isn't a rabbit that the FED can pull out of a hat anymore. Either the dollar gets...

I think the reason for this is because we went down a different path that nobody ever thought we could go down. The interest rates were dropped to zero and stayed there for practically ever. I don't think anyone ever thought this could happen for this long, and without consequences. Of course...

As traders, we both know what is means for there to be no bids sometimes. It happens in the regular financial world as well. If the FED wasn't buying so much toxic crap like junk bonds, it would never sell and the rates would spike like crazy, hoping to find a buyer, even on US treasuries...

The value of anything is what someone else will pay for it. I've had a bunch of silver collecting dust since 2013. My god, if only I bought bitcoin then. Now I see how the spread of physical silver is so high, and hoping for it to even double is a pipe dream. Bitcoin can easily double and it...

Nobody can promise the store of value will be linear. Real estate has proven to be, but only the past 20 years maybe. Who knows what the next 20 holds. Gold hasn't moved for 10 years. The dollar is clearly worth about 50% less over the past 20 years I think. SP500 maybe has done well, but...

I concur. I agree, but I also think that they may be forced into it. I follow the article that Wolf posts on his website, and there is a trend of central banks holding less US Treasuries. The FED is picking up the slack. So can you imagine if one day less and less people want to hold USD...

The maximalists argue that bitcoin is more so a store of wealth. It just so happens that with the digital era, its easy to also use as a currency since its easily divisible and easy to exchange. Honestly, you see these people using their phone to pay since they have an NFC chip and don't need...

I don't actually agree that inflation is necessary. If everyone knows its 3%, and your employer always gives this to you, then why even bother? Clearly many people don't know how it works, so they are robbed, and many workers don't even get their wages increased by the inflation rate, so they...

I hate to see bitcoin going lower, but at the same time, I don't mind if all the leverage and ponzi schemes get flushed out. It will actually be good for crypto to build from a solid foundation. If all you do is backstop all these shitcoins, how is it different than the government buying up...

Stop with these silly arguments. Its a simple conversion. When I go to the US, is anything priced in Can$? Of course not, but you just do the conversion. I don't care if stores don't price stuff in bitcoin. The bottom line is that unless the government makes a drastic u-turn, the dollars...

Honestly, the government are the biggest hackers of all. They just print up more, right? Add another trillion here or there at will. What does this mean? Its means that my dollars I earned from my job get automatically devalued while all the assets holders continue to keep up with this...

I'm actually amazed at how widely accepted it is right now. And from a recent announcement from Jack Maller from Strike, its gonna be accepted in a lot of more places. But to me, I'm happy for a world that has fiat mixed with bitcoin. This means my bitcoin will continue to appreciate as fiat...

That's a fair assessment, thanks! I've put a fair amount of time into studying it, and I'm convinced that it will solve many, many problems in the world today. Not exactly from the point of view of how revolutionary it is, but simply because it takes the power of money creation away from the...

I would be more specific and say it was a relentless rally, rather than volatile. To me volatile means up and down, so both longs and short get stopped out until the ultimate up or down side becomes obvious. (kind of like FOMC action sometimes for the first few minutes after 2pm) So if this...