Search results

I remember reading an article about how if you don't own Bitcoin you are essentially short Bitcoin. The interesting thing about this is that by being long your risk is limited at 17K but by being short Bitcoin you essentially have unlimited risk. I really do foresee a day where exchanges are...

Loved this! What is specially good is that this guy comes from the financial sector so he isn't just a random Bitcoin maximalist hippie. I also love how he laid out his most likely thesis for a failed treasury auction. And best of all the fact that he thinks Bitcoin is in the bottom range. I...

I agree as well, but we can't focus on the past. A Bitcoin standard means a ton more equality going forward even if the distribution is unfair right now. I don't want the government in control of money printing any longer since all they do is fuck it up. The 10 % inflation is one year. Add...

I highly doubt this part. In Canada, I think any deposit over 5k is scrutinized. With a million bucks, you will need to answer to the anti money laundering police. The funny thing is that criminals know what to do and it's probably legit people they ensnare.

Wow, great summary. Take that all you fuckers who jump on John. You assholes have a million bright ideas or complains and show fuck all, and no confidence to short the crypto market that you all say is worthless. I'd love for this to be the bottom as well, and even watching SOL go almost 100%...

I think its one of those things that when it starts to happen, things happen quick. I doubt it will end in some catastrophic collapse perhaps, but more and more people will learn to not hold cash or USTs, and well, all hell can break loose at that point really since from my understanding, USTs...

Agreed. But if we are truly going to do this metric justice, we have to consider how much wealth the Fed has plundered from everyone else through inflation (ie. not the top 10%). When you look back 20 or 30 years, you see how much more equitable things were. Now people are just debt slaves...

How long does the average world reserve currency last if you go back 500 years? Where is the USD on this timeline? Are you saying you can't imagine USD ever falling out of favor? I'm not saying the world is ending, but I'm saying the next 20 years will be nothing like the last 20 years in...

Once again, patience. The Fed is backed into a corner. Budgets will never balance, and interest rates will bankrupt the government even more if they stay where they are. The numbers when the entire 31 trillion has to be rolled over is that half of the budget will be taken up by interest...

Most no, but some do. In the end, it won't matter. The use case for bitcoin will become more and more apparent as central banks fuck up more and more.

I don't disagree that there couldn't be a better bitcoin, and maybe if it was to start today, given how bandwidth is huge and storage is cheap, it would look different. But we have what we have. If you see hashrate crash, that is a problem, but even in this market it continues going up. So...

Out of curiosity, what happened to the 75k you made from shorting FTT? That would certainly cover a good year worth of expenses, but I imagine you gave some of those profits back?

Patience grasshopper. On my Twitter feed, I'm constantly seeing how paying with bitcoin over lightning network is revolutionizing society, but of course in those areas that aren't as advanced as we are here in the west. Its actually interesting to think that mass adoption for this happens on...

We don't have to imagine the sky high inflation in Turkey, its already happening. And with the US needing to print 1 trillion every year, just to pay the bills, it won't take long to realize the printers need to be turned on big time. Government controlled systems are the crooks. I like the...

I'm not talking about bitcoin as an investment. I am talking about bitcoin as revolutionizing the monetary system. You won't get a choice to invest in it, it will just take over.

There is quite a bit of misinformation in your post. All you deniers think its so easy to just fork the chain and create value out of nothing, but this just shows your ignorance. Perfect example would be when Trump tried to release his Truth Social app since he got kicked off Twitter...

I keep shouting this over and over again. I'm in it for the transformative power that it will have on humanity. The central bank cartels have destroyed this world enough and many of the huge problems we have today are directly linked to what central banks do. Now that we are in the end game...

So let me get this straight, you're telling me that from the post that I linked to that there is a huge nugget of information there? Here is the post just so we are all on the same page. He talks about how his system predicts everything in the moment, and that he has no idea what the system...

Here is what I see when I click on the link...

This doesn't point to anything.... or is this meant to somehow be the message? LOL Given the way you frame it, guess I'm not ready. :p... :D