There MUST BE vast improvement in digital payment.
But you got it wrong about central banks, at least regarding the direction USA is going... Look up ECASH Act... it's the TREASURY, not the Fed!!... the treasury is the politicians!!
VanEck says Bitcoin could hit $4.8M if it became the global reserve asset
- Thread starter johnarb
- Start date
There MUST BE vast improvement in digital payment.
But you got it wrong about central banks, at least regarding the direction USA is going... Look up ECASH Act... it's the TREASURY, not the Fed!!... the treasury is the politicians!!
why 99%? What is the 1% outcome? A decentralized currency? Seeing Russia return to the gold-peg is eye-opening for me. We shouldn’t forget that gold was currency for a very long time- longer than fiat has existed.
digital USD/ecash doesn’t solve anything- it’s potentially an infinite supply. Switching from gold standard to bitcoin is an intriguing idea—- it’s based on technology rather than what happens to be buried in the ground nearby.
Won't this make everyone want to open a branch of a Russian bank, so you could sell your gold?
No? Maybe the reason is there is nothing indicating Russia willing to sell gold at 5,000 rubles per gram?
There are 31.1035 grams per troy ounce. So the Russian central bank will sell 155,517.5 rubles for one ounce of gold. That is currently equivalent to about $1,813.62 USD.
The current spot price of gold is $1,926 USD.
The bottom line is the Russian central bank offers to buy gold at a discount. And of course, Russia can still create as many rubles as desired. So, it doesn't seem like a good deal unless someone is pointing a loaded AK-47 at you.
Last edited:
Jason Lowery - MIT, US Space Force, US National Defense Felow, Department of Defense
--------------------------------
Interesting PoV on a Twitter thread
This seems a bit far fetched. But the nice thing is those 50k bitcoins need to be in a wallet somewhere, right? If Saylor already has a huge chunk, and Elon has a huge chunk, and ...., then can 50k really be in the hands of this group? How about the 200k that apparently China controls? I would like to see some in depth analysis on the top wallets. The Luna wallet is apparently also growing right now rather substantially. Its so exciting to know that it has to be sitting right there in plain sight.
[That Twitter thread was posted on April Fool's so we take it with a grain of salt but still interesting the whatif's happen to be real]
Luna is a crypto project so everything is all about transparency (on the blockchain) for all participants to see. Don't trust, but verify ethos
Since 2013 (when I got in) we had suspicions (concerns) that China may be amassing a lot of Bitcoins
Sun Tzu philosophy
China has always shown they are playing the long game, always many moves ahead
China has a lot of gold. It seemed odd to many people in cryptos why China seemed to have this hatred of Bitcoin since 2017 as Bitcoin offers the same value proposition as gold and who knows could overtake gold in the future
Bitcoiners have our doubts of China's public actions
It seemed far-fetched in 2017 for Bitcoin to surpass gold, but in 2021, that seemed almost a given being that Bitcoin is 100x better than gold (imho)
Then, China completely banned Bitcoin mining last year (2021), an industry that the Chinese mining pools have the majority of the network hashrate
It was odd for China to just completely hate on an asset class that has been growing by leaps and bounds in global adoption and value
Or maybe China understands that to preserve the pristine value of Bitcoin decentralization, a nation-state even China itself, cannot have the ability to 51% attack the Bitcoin network
Ghash.io knew this in 2014 and voluntarily made the steps to control their network hasharate share to not exceed 40%
https://en.wikipedia.org/wiki/GHash.io
I'd be happy if China only owns 200K Bitcoins and not more than a million
No idea what airdrops are...
This is incorrect. It is like saying buying Tesla at 1200 is OK because the price is always going to be above that. How the hell would you know? But you know what? Just keep believing, you are beyond saving...
This is incorrect. It is like saying buying Tesla at 1200 is OK because the price is always going to be above that. How the hell would you know? But you know what? Just keep believing, you are beyond saving...
Treasury or Fed, same thing in the grand scheme of things. Focus here is on Centralized, overseen and regulated and controlled by the state.
You can't seriously compare a rogue state like Russia with Europe or Canada or Australia or Japan or the US.
El Salvador equally is most likely not a suitable blueprint for western and eastern democracies.
El Salvador equally is most likely not a suitable blueprint for western and eastern democracies.
Buying bored ape certainly makes me think that. Fukkin ridiculous imo, bloody childish, cheap & ugly art.
