Bitcoins worth more than gold
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- OneTrickPony
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- DevanTracy
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- DevanTracy
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Or risk missing out on the biggest asymmetric bet of a lifetime.
The genie isn't going back in the bottle.
Bitcoins! Bitcoins selling in 2020 at bargain basement prices!
Price: $9581 USD = 1 BTC = 100,000,000 Sats
The genie isn't going back in the bottle.
Bitcoins! Bitcoins selling in 2020 at bargain basement prices!
Price: $9581 USD = 1 BTC = 100,000,000 Sats
Hi Devon Tracy, or anyone in fact, can you recommend Wirex? It looks good on paper, but is it as good as they make out?
Ps I know you can't get the visa card in Cambodia or Vietnam, but as I understand it, you can transfer between Wirex and your regular bank account.
Tia for any help.
Ps I know you can't get the visa card in Cambodia or Vietnam, but as I understand it, you can transfer between Wirex and your regular bank account.
Tia for any help.
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- OneTrickPony
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- OneTrickPony
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I was thinking,
how much would a thousand dollars invested by a central banker in the shell game in 1971, when America went off the gold standard, be worth today? Compared to a person who had invested a thousand dollars at Bitcoin's inception, in 2009, in percentage terms?
Obviously neither has ever paid any taxes.
I wonder if it's the banker?
In other news, you can now buy Bitcoin in 7/11's stateside, and you can now buy it on PayPal. Also, New York has decided to possibly loosen it's crypto laws regarding merchants.
how much would a thousand dollars invested by a central banker in the shell game in 1971, when America went off the gold standard, be worth today? Compared to a person who had invested a thousand dollars at Bitcoin's inception, in 2009, in percentage terms?
Obviously neither has ever paid any taxes.
I wonder if it's the banker?
In other news, you can now buy Bitcoin in 7/11's stateside, and you can now buy it on PayPal. Also, New York has decided to possibly loosen it's crypto laws regarding merchants.
Up the workers!
- DevanTracy
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- DevanTracy
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1
1
^ That 'prisoners dilemma' is pretty optimistic
None but ourselves can free our mind.
@kff
Are you considering any investment in other cryptocurrencies?
Are you considering any investment in other cryptocurrencies?
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- OneTrickPony
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It should be fairly obvious by now that I don't play the markets. Apart from the risk, and I know seeing what we have seen since 2009 it could argued - what risk?, I inherently don't like the idea of it on a moral level. What I mean is that investing in stocks and derivatives doesn't create any useful commodity, it just ends up creating and transfering wealth for wealth's sake. Only to be destroyed later when interest rates rise leaving only bigger debt. The same with contemporary banking. After the 1970's and the mass adoption of credit cards outside of the business community, when people were encouraged to stop saving and start getting into debt, at the same time relative wages were starting to decrease, and continued to do so up till now, which meant people started needing to borrow just to keep up the lifestyles they had grown accustomed to as well as being led towards an even better one via advertising. When interest rates are low and you borrow, you support your economy and are celebrated as a hero. But, when interest rates rise, a lot of those same heros start dragging the country down by wealth destruction. And so the cycle continues...Khartoum wrote: ↑Mon Jun 29, 2020 5:20 am@kff
Are you considering any investment in other cryptocurrencies?
I've recently been reading about Blockchain tech companies who are revolutionising investment strategies, amongst many other things, and enabling people to develop completely new kinds of portfolios based upon investment in real commodities.
One that has caught my attention, is the ability for the world's poor to put their limited saved assets to local good use whilst, at the same time allowing them to grow. In many ways getting back to basics and beyond by allowing decentralised banking on a community level.
I suggest a concerted effort at looking at the myriad of revolutionary new ways Bitcoin and Blockchain technologies allow everyone to invest in themselves rather than a small group of, at best sociopaths, and at worst, psychopaths.
A good analogy to Bitcoin and the blocktech revolution would be to consider what you thought about the internet when it first emerged. I very much doubt you realised its potential.
As far as investing in other cryptocurrencies as stores of wealth go. There is only one crypto currency: Bitcoin. Nothing else offers the security re ProofofWork and, therefore, isn't as trustworthy. At least, that's how I see it.
Here's a link you may find interesting.
https://bnktothefuture.com/
Up the workers!
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- OneTrickPony
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- MerkinMaker
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I think the opposite as the true prisoners dilemma here should have the X axis as 'county A' and the Y axis as 'all other countries'.
In that context the scenario where both parties ban bitcoin is highly unlikely. The reality is crypto can't be stopped, the best you can hope for is to manage it, but like the internet the overreach that would be required to enact that management and remain economically viable would be akin to what China has done with the internet (North Korea being an example of nonviable).
The west may be going soft, but it's not yet got soft enough to swallow government overreach at Chinese levels.
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- OneTrickPony
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If governments hold gold and silver, why wouldn't they hold Bitcoin?
Btw, both gold and silver physical markets are hotting up right now.
Btw, both gold and silver physical markets are hotting up right now.
Up the workers!
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