I’ve been doing this thought experiment lately. The premise is that if there are infinite versions of our universe, in what percentage of them does bitcoin take off?


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Especially given crypto’s track record. Sheesh. All they really want is to privatize profits and have the taxpayer pick up losses like any honest banker.


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Was there a time he was bearish?

You guys realize Doge was basically an exact copy of Bitcoin right? They literally just did a find replace.


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This is apparently a widely held belief among the crypto bros. My buddy, who owns a lot of BTC and Etherium, was trying to convince me that banks and insurance are ponzi schemes just like BTC...

Oh cool so I just have to keep $200M on a bunch of physical wallets and hope I never get them stolen, destroyed or forget the key…


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Isn’t that kind of a big problem?

Doesn’t quantum computing at scale kill bitcoin?


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For the record that story is from 2020, but the coal plant and data center still appear to be operating. Without BTC, that coal plant is out of commission.


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Ya, all money is backed by gold. See this audit report from official Russian government auditor? Yes the guy who pulled up in the Bentley with the gold chain... We have all the gold to back your...

Spot on. Almost anything is a carcinogen if you have too much of it and everything is harmful if you have too much of it. Eat 1,000 calories of Kale a day and see how you feel.

Another thing I never got about the BTC mining is green arguments, what percentage of mining capacity runs only part of the time based on the price of electricity? I thought almost all BTC miners...

A static currency sounds absolutely horrific when there is a recession. We’d go back to the boom / bust economies of the late 1800’s and early 1900’s. The gold standard is also stupid for the same...

I never knew more consumption of energy could be good for the environment…

Also, even if true, I think any excess energy is going to quickly be taken up by electric cars in the coming years.

...

That’s some good research right there.

Yes, they just want no regulation, including unregulated access to trad-fi institutions…

“The SEC hasn’t given basically 0”. Literally means they gave feedback. Is that actually a typo?


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Herein lies the problem. We’ve got self described monetary experts, whose knowledge all comes from YouTube and Twitter, that want to scapegoat the easiest target.

If things aren’t going...

How is this unconstitutional? The government has wide powers to regulate and control banking. Thank goodness they aren’t letting banks get too tied to crypto assets. It’d be a total dereliction of...

A company that is not profitable is 50% underwater and holds 131k BTC. What happens to the market if Microstrategy is forced to sell?

I wonder how the crypto bros will spin this as good news? Did CORE just not hold its own coins?


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Yes. Did you?

Do you have a basic understanding of how NFTs work? Are people able to anonymously buy NFTs? Do you have to register your device to buy an NFT? Can you “oversell” NFTs or is...

For those asking if ticket fraud is a thing.

https://www.washingtonpost.com/nation/2022/12/12/bad-bunny-ticketmaster-mexico/

But you are right, everyone’s favorite company Ticketmaster,...

It ain’t broke? Oh ok, paying thousands of dollars to pass title “works just fine”.

Yes, ticket fraud is a thing. Blockchain provides a unique way to combat it. If a NFT is minted on a blockchain it can then be verified as unique, by a user. Sure it can still be hacked and stolen...

NFTs actually do have some real value. One use case is for tickets to events as they would be far more secure and scalpers couldn’t sell copies.


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That’s funny because a guy I worked for was the subject of an years long FBI investigation and IRS criminal investigation when he didn’t report $500k of embezzled funds. He ended up spending 18...

What are you yammering about? The IRS rarely “goes after” a small business and only then when they have enough to try to prove fraud. Given so many small business owners proudly and publicly...

You can tell when the bullshit gets too deep for even his boots, he then says you can do the math on that. Lol. This is the type of shit that makes me think it is all a scam.


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Why would I want to put money in bonds, real estate or equities, you know things that generate cash flow, when I could put it in Bit Coin? I mean geez, when you put it that way…

Do you really think that answers the question or explains you railing against a monetary system that allows for the expansion and contraction of the monetary supply? Yes the bailouts weren’t perfect...

You really think it is a bad thing to have a flexible monetary supply for a country? If that is your position, do you have anything to support it? As it is almost universally accepted among...

I’m sure we’d of all be way better off if there was no stimulus during Covid and we went back to the Gold Standard. That worked so well, there were hardly any recessions back then, right?

TLDR - Retail investors are buying while whales are selling.

I’d actually been thinking this was the case watching the price fluctuate, like whales are selling just enough to not spook the...

Because the line was going up. There are crypto plays that provide cash flow returns but they also come with risk (duh). I think a lot of sovereign wealth funds and others maybe rethinking their...

This is just shear brilliance, Nobel prize for economics incoming.

The former situation means there are still in-profit players that could exit their positions and drive down the market, whereas...

Oh the irony of the “usd is a scam, they can just print more money” tribe now wanting regulated crypto exchange. Part of me feels like the message should be, “want a stable reliable money exchange? ...

Personally I continue to buy the S&P, have money in the government savings bonds for all my family members, and am looking to buy real estate soonish. No crypto.

I think Web 3.0 may succeed in...

^^deleted


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A crypto bro defended the Ponzi nature of crypto yesterday by claiming that almost everything is a ponzu I scheme. Insurance, trad-fi, USD, etc….

OK dude, you may want to pull back there.

...

Link? My Google search only showed stories from 2 months ago.

USD are backed by the United States…. Bitcoin is backed by…???

Sure the supply of BTC is much more regulated but you’re kidding yourself by thinking BTC is backed by anything other than the...

I’d love to see an estimate of just how many $usd would have to be plowed into BtC to make it hit $100K. Not market cap / paper increases but actual investment.

Edit 100k not 100M

Whomp whomp…

The irony is that the last 5 months have been the most stable price period ever? for Bitcoin, which is really important if it’s ever going to be a currency adopted for transactions...

If true how much wealth redistribution to a select few will occur?

The kiss of death. They probably have some cell tower data to support it too. Couldn’t happen to a nicer guy…

Unless there’s a big uptick before mid Nov that will mean a whole year of downwards trends. Even if it just stays around $20k one has to wonder what happens to BTC demand if it is stable or trending...

Seems like the consequences of misleading consumers on that insurance should be far more severe than a c&d.

Funny how the unregulated utopia of crypto markets FDIC baking so hard.


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Bitcoin up to $21,500. Will it break 22 or go back down?


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I’m sure that will get better once it is stated using GAAP with Audited figures 🤣🤣🤣.