Is the crypto winter over?

Frederick Foresight · Oct 28, 2023

johnarb said:
ho-hum

Better attend another rally, your enthusiasm is waning.

johnarb · Oct 28, 2023

Frederick Foresight said:
Better attend another rally, your enthusiasm is waning.

BWAHAHAHAAHAH, something is up with you today, Mr Foreskin, inflation? or lack thereof, AHAHHAHAHAHAHA BWAHAHAHAH

anyways, i meant that last reply, Mr Foreskin, timezone difference, sweet dreams, don't forget to change your diapers, BAHAHAHAHAAHAHAHHAHAHAAHAHH

Frederick Foresight · Oct 28, 2023

johnarb said:
When you say investment, let's change it to Store of Value

Bitcoin is the hardest, best money in the history of the world

johnarb said:
sweet dreams

NoahA · Oct 28, 2023

The_Krakenite said:
It doesn't matter how productive robots could become. How much a boost in GDP they may do, etc. The 1% will harness that, and you will still be stuck in the same lowering of standards since the US defaulted on its gold obligations.

I tend to agree, and I think its even worse. If a robot can really do many things that a traditional laborer would, then this takes even more money out of the "general" population. There will be nobody left to buy the products that robots can produce. The entire tax structure will have to change because as it is, I think its these top companies that are at the forefront of AI and Robotics that are actually paying the least amount of taxes.

gwb-trading · Oct 28, 2023

Winter is coming...

Crypto Exchanges, Not Just FTX, Are All a Mess Right Now
Legal troubles and low trading volumes continue to hammer the industry.
https://gizmodo.com/crypto-exchanges-ftx-binance-genesis-gemini-are-a-mess-1850968083

The_Krakenite · Oct 28, 2023

WTF is that website? Filled with so much spam...

In any case, I'm happy sitting on my blocks of shares for WonderFi, Bigg Digital Assets, and that one little short-put on Coinbase.

schizo · Oct 28, 2023

NoahA said:
I tend to agree, and I think its even worse. If a robot can really do many things that a traditional laborer would, then this takes even more money out of the "general" population. There will be nobody left to buy the products that robots can produce. The entire tax structure will have to change because as it is, I think its these top companies that are at the forefront of AI and Robotics that are actually paying the least amount of taxes.

Hence the reason why socialism is on the rise. Labor strikes will get worse over the coming years. In my opinion, we might even go back to the era of the Wobblies.

traider · Oct 29, 2023

Is bitcoin going to stay dead?

The_Krakenite · Oct 29, 2023

The main reason socialism is on the rise is because the young & dumb generation wasn't around to see the disasters of socialist countries. They never even witnessed the Berlin Wall, or saw the waves of immigration from everyone trying to escape socialist/communist countries. I remember those days very well as a child, as do boomers before me.

There is a myth that socialism is 'progressive' and that everyone will get 'free shit' and we will all live happily ever after. Unfortunately, it's always ended in disaster. And contrary to popular belief, Karl Marx wasn't the first person who thought up his communist manifesto. Communism has been tried long ago in history before his time, and always ended in disaster.

It's sort of like... Quantitative Easing. You think everything is great (for a very short while). Then it all goes to permanent shit.

semperfrosty · Oct 29, 2023

The_Krakenite said:
The main reason socialism is on the rise is because the young & dumb generation wasn't around to see the disasters of socialist countries. They never even witnessed the Berlin Wall, or saw the waves of immigration from everyone trying to escape socialist/communist countries. I remember those days very well as a child, as do boomers before me.

There is a myth that socialism is 'progressive' and that everyone will get 'free shit' and we will all live happily ever after. Unfortunately, it's always ended in disaster. And contrary to popular belief, Karl Marx wasn't the first person who thought up his communist manifesto. Communism has been tried long ago in history before his time, and always ended in disaster.

It's sort of like... Quantitative Easing. You think everything is great (for a very short while). Then it all goes to permanent shit.

On paper,it should work.

The 'gap' should be reduced.

I don't think its ever been implemented without a royalty or an oligarchy in control,but that should be ok in theory,if the next 90% are near to equal.Thats never the case.

I'm rambling,but its like saying,'everyone,lets live in peace,regardless of your religion' as a blanket protocol.People wont just fall in line for the greater good.