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Thread: Bitcoin....who's gotten into it?
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02-16-2021, 09:33 AM #3301
So my client with the bit coin called today. He said his wife left him with 189 grand 3 yrs ago, and he was 62. He said he said fuck it, I’m screwed so he put most of it into crypto. He said he now has over a million, and he’s not selling, ever. He says Bitcoin is going to 1mm per coin.
He told me to go buy something called Algorand.
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02-16-2021, 10:47 AM #3302
This sounds fun.
https://www.microstrategy.com/en/inv...e-senior-notes"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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02-16-2021, 11:59 PM #3303
Closer to 100k than 0. Amazing.
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02-17-2021, 06:36 AM #3304
Looks like the devs at Websockets have had enough of it.
OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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02-17-2021, 10:42 AM #3305
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02-17-2021, 02:50 PM #3306
Wait until he finds out his Pornhub account is 200 days late on subscription payments because their Blockchain token suffered a huge 51% attack. Pffft. LOL.
In “likely the deepest reorg that has ever taken place in a ‘top 100’ cryptocurrency,” the past 200 days of Verge transaction history “just vanished,” wrote Coin Metrics network data analyst Lucas Nuzzi.OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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02-17-2021, 03:18 PM #3307
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02-17-2021, 03:45 PM #3308
This is worth a listen if you want to know more details. https://www.theinvestorspodcast.com/...ce-mark-yusko/
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02-17-2021, 05:16 PM #3309
No, Verge is not a shitcoin. With Verge someone can actually buy something of value and use it - porn.
With Bitcoin, the 4 to 5 transactions per second max capability would mean no porn for 95% of the people that need it. Primarily Bitstonkers fapping their way through crypto lulz.
You could just use real money - but then your mom would know what you are using her credit card for!
> Although, it is quite ironic that you criticize a coin for getting 51% attacked, yet fail to realize that BTC's power consumption greatly reduces the chance of a 51% attack. Can't have it both ways.
In case you didn't know, Bitcoin's power consumption has no relationship to its security. It was just as secure in 2008 when there 12 old IBM Pentium PCs mining and Satoshi pre-mined 1.1 million Bitcoin on the fledgling network. Now all you got an oligarchy of mining pools and massive token concentration in a few hands.OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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02-17-2021, 05:28 PM #3310
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02-18-2021, 01:48 AM #3311
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02-18-2021, 05:09 AM #3312I drink it up
- Join Date
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Bitcoin....who's gotten into it?
^^ that’s the kind of attitude that’s so weird about Bitcoin. Why does he have to love it or support it?
I readily concede that Bitcoin can make you rich. I’m not a gambler and have no interest in gambling, so I choose to sit it out. I also think that as a currency, it’s stupid; as an investment vehicle, it relies on hype and demand almost exclusively; and as a use for all the energy it requires to sustain it, it’s madness.
By all means, get rich. The koolaid is flowing! Why does everybody else have to worship at the altar of Bitcoin too?focus.
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02-18-2021, 05:27 AM #3313
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02-18-2021, 07:59 AM #3314
It's not about liking or not liking something. The problem is that he spreads false information like it's factual and does shady shit like like deleting his own posts. The latest examples above include him saying XVG is a good crypto when it's a well-known laughing stock that should be severly avoided. He also stated that BTC's power usage isn't related to its security which is blatantly wrong. You think BlackRock and Fidelity didn't try to break BTC before they decided to invest billions?
This forum is a great resource for Mags to help each other. It's no secret that crypto is risky as hell, so helping others minimize risks and increase chances of gains is important and can potentially lead to life changing money.
PG acts like he is doing some great service, but he's an ill-intentioned troll. Nobody is forced to visit this thread or buy crypto. But PG is the equivalent of me going into the Padded Room Special NSFW thread and telling everyone over and over again that big tits are going to give them concussions.
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02-18-2021, 08:51 AM #3315
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02-18-2021, 09:03 AM #3316
^I know Cramer, he lives nearby. Perhaps I can get you both on CNBC for the next leg up? They love he said she said stuff.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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02-18-2021, 10:01 AM #3317
Friend of mine argues that Bitcoin is a scam and its obviousness is its chief selling point. Furthermore, that DeFi deposit/lockup interest is basically a variation on advance-fee fraud(true or not? don't know.)!
He also thinks that crypto promo videos and #influencers are presented as obvious scammers, because it eliminates the types of people that might cash out when they detect massive FOMO and shilling, as helps identify those that are the most gullible targets for the really high flying shitcoins.
His thesis is that it's in the scammers' best interest to minimize the number of false positives who require invites to meetups and take up space in Zoom and Telegram groups.
If you don't buy the hype, that's fine. They don't want someone from whom there's virtually no chance of getting a HODLER with little-to-know finance skills. They want people who, faced with a ridiculous video from some guy that has convictions or has run afould of the SEC/courts, still won't recognize the scheme.
People that say "Get rich quick, Ya right, LOL!" or "Isn't that a Ponzi?" are not the target market. They look for people that lean in and say "The future of money! And I can get in now while it is early!!"
He simply tells folks that shill him crypto and/or DeFi shitschemes to fuck off.
I prefer a softer approach.OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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02-18-2021, 10:23 AM #3318
I think they already had PG on.
https://www.youtube.com/watch?v=1IH9BHV6ywM
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02-18-2021, 11:31 AM #3319
What the fuck? Have you heard about the air and water pollution issues in China? You seem to be saying that there's no downside to all of those coal burning plants making their electricity. And the dams? Do you know how many millions have been displaced as those dams were built, and how entire ecosystems have been disrupted by them? C'mon.
Look at this Texas thing. We can't even provide day to day service to millions after a fairly common weather event (and you know most grid managers bite their nails in during annual heat waves), but even GM thinks we can all roll in non fossil fuel cars and trucks by 2035. Really? Yet, Tesla and Bitcoin keep on blowing up. Insane
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02-18-2021, 11:58 AM #3320
Hell. Fatnslow can't even get an electrician to come over and remove a live wire so his tenants can get out of their apartment.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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02-18-2021, 12:26 PM #3321
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02-18-2021, 12:29 PM #3322
The rest of the nation isn't a whole lot better. Super heat waves in the northeast can result in brownouts and rolling blackouts, and rare major blackout events.
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02-18-2021, 12:33 PM #3323
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02-18-2021, 12:56 PM #3324
I'm not saying that there are no downsides to BTC. I'm saying that the positives make it all worthwhile. I specifically stated "abundant access to clean energy" in the post you quoted. The profit motive for BTC mining with clean energy will lead to advancements in green energy production. The reason why people have continued to use fossil fuels over and over is because they can make A LOT of money. If the same people realize that they can get greater returns with clean energy, that's where the CapEx will go. Mr. Musk is in a pretty good position to drive innovation that direction. You're calling the baseball game over in the bottom of the first inning, man.
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02-18-2021, 12:58 PM #3325
Holy shit.
Are you on drugs?
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