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  1. #9301
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    Quote Originally Posted by byates1 View Post
    I for one am not railing on the world to go to a BTC standard.

    Why are you projecting that on me?
    .
    You replied, I answered - in line with general conversation. FWIW, I do appreciate that you view it a speculative asset. Zero issues with risk assets and trading.

    I'm not hostile to a digital currency. I'm not hostile to a form of digital stored value. I am skeptical that BTC can ever be a useful widespread currency - tolerance to scale is awful. That's my general 2 cents, the tech cannot deliver..

    But we're off in la-la-land recently on some of the framing of crypto vs. established currencies or transaction networks with demonstrable evidence that they work.

    I sort of boggle at the same culty reasoning recycled from gold people but with neck beards. Yes, some people have a disproportionate problem with central authorities. Trust issues. There are people who won't fly and must personally drive because they need that control. But virtually everyone is better having an apparatus that supports trained pilots, safety standards vs. one of these doofuses wanting to 'democratize it' so he can fly the plane. And even worse with crypto, you are at the whims of a stacked deck democracy where unaccountable whales already have built in majority stake that you can never override. That is, unless you don't adopt it. Then they lost their advantage which is the root of all the tacky scare tactics pressuring you to buy in. That is the power struggle driving the urgency..

  2. #9302
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    Bitcoin is just tech, a tool. It's like having a spoon. You can say it's for eating soup or for hanging off your nose. It's still just a spoon, you assign the meaning to it.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  3. #9303
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    "I sort of boggle at the same culty reasoning recycled from gold people but with neck beards. Yes, some people have a disproportionate problem with central authorities. Trust issues. There are people who won't fly and must personally drive because they need that control. But virtually everyone is better having an apparatus that supports trained pilots, safety standards vs. one of these doofuses wanting to 'democratize it' so he can fly the plane. And even worse with crypto, you are at the whims of a stacked deck democracy where unaccountable whales already have built in majority stake that you can never override. That is, unless you don't adopt it. Then they lost their advantage which is the root of all the tacky scare tactics pressuring you to buy in. That is the power struggle driving the urgency.."

    I had to read that a couple of times. I see your point. One thing to remember with bitcoin is that whether you (or a country) are in or out, the network will continue to function as designed. It is decentralized and can't be shut down. That brings about the game theory factors. Those that don't participate now may well regret it in the future.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  4. #9304
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    Quote Originally Posted by shera View Post
    Bitcoin is just tech. It's like having a spoon. You can say it's for eating soup or for hanging off your nose. It's still just a spoon, you assign the meaning to it.
    Fair. But the majority of proponents are making promises and projections that will not (cannot) be realized.

    I think the white paper is clever. As in, hats off, chapeau. And a bunch of crypto academic currency nerds doing their one-ups-manship via old school email lists is a geek version of trading fours in a Jazz quartet. Like right on. But I personally believe that BTC gained notoriety not from being the best thing (the needed thing), but from being good enough at the right time. Timing matters when you need to get noticed for even a shot. Even better, it had utility for Silkroad shenanigans. The nerds liked it. The criminals liked it. The anarcho crowd will get behind anything that isn't the establishment. The right fucking name/branding. But.... if the ambitions laid out in the paper and what the pushers are saying it'd be... well, ultimately the real world doesn't give a shit about promises, it's about what you can demonstrate that you can do. Using the adage: we were the voting machine, but now we are a weighing machine. And that's where it the projections just stall. Maybe an alternative thing of some sort - additive but not a replacement for anything.

  5. #9305
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    Yeah, reasonable. Additive...
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  6. #9306
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    Bitcoin car had the fastest indy 500 qualifying speed since 1996. Goes for the pole today. In past years it would have already won pole.

    Name:  IMG_1143.JPG
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  7. #9307
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    BTC FTW

  8. #9308
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    Quote Originally Posted by 4matic View Post
    Bitcoin car had the fastest indy 500 qualifying speed since 1996. Goes for the pole today. In past years it would have already won pole.

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    Other than cigarettes and alcohol has there ever been a category of just a few firms dominating advertising?

  9. #9309
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    I'm a little leary of an investment product being shilled by celebs on tv during major sporting events. If nothing else it means the time to get in has long since passed.

  10. #9310
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    Dec 2007
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    Dixon and Palou didn't buy in.
    www.apriliaforum.com

    "If the road You followed brought you to this,of what use was the road"?

    "I have no idea what I am talking about but would be happy to share my biased opinions as fact on the matter. "
    Ottime

  11. #9311
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    Dixon. Respect

  12. #9312
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    Jun 2020
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    Quote Originally Posted by 4matic View Post
    Dixon. Respect
    Legacy finance for the win (well, pole):

    Click image for larger version. 

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  13. #9313
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    Where the sheets have no stains
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    Name:  Screenshot 2022-05-23 at 06-48-12 Stefanik echoed ‘great replacement’ theory. But firms kept don.png
Views: 170
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    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

    "Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"

  14. #9314
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    Dec 2010
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    Saw that ad in Time magazine. They are trying to lure the boomers in to the big pyramid.

  15. #9315
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    Quote Originally Posted by simple View Post
    Saw that ad in Time magazine. They are trying to lure the boomers in to the big pyramid.
    Wait... that's not some sort of joke?

  16. #9316
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    Unicoin is in development and has not yet been created or deployed...
    ...$220 Billion target valuation by 2026


    Hysterical!

  17. #9317
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    Feb 2005
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    Quote Originally Posted by skaredshtles View Post
    Wait... that's not some sort of joke?
    Wow. Smells like scam. STRONG BUY

  18. #9318
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    Bbbbutttt Wozniak!
    Improve your AT boots with the StrapOff. It’s Maggot Approved.

  19. #9319
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    Scott Melker just brought up an interesting point. Tether redeemed 7 billion dollars in 48 hours and still steady. Can banks do that?

    Note that I'm not using tether...
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  20. #9320
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    Quote Originally Posted by shera View Post
    Scott Melker just brought up an interesting point. Tether redeemed 7 billion dollars in 48 hours and still steady. Can banks do that?

    Note that I'm not using tether...
    The appropriate comparison would be to money market funds, not banks, and the answer is yes.

    As an example:

    https://www.reuters.com/business/fin...er-2021-09-17/

    Data from Lipper showed U.S. money market funds saw an outflow of $43.34 billion in the week to Wednesday

  21. #9321
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    Quote Originally Posted by shera View Post
    Scott Melker just brought up an interesting point. Tether redeemed 7 billion dollars in 48 hours and still steady. Can banks do that?

    Note that I'm not using tether...
    Most large companies can. Hell, Apple is sitting on 100 bill+ last time I checked. JPMC has 3.7 trillion in assets, for reference.

  22. #9322
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    Apr 2006
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    3,312
    Thoughts on the upcoming eth 2.0 POS switch?

    Seems like a pop in price is a given? Also like the entire space eth is currently cheap.

  23. #9323
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    Quote Originally Posted by LeeLau View Post
    Wow. Smells like scam. STRONG BUY
    I mean... at the least, they should have simply named it "Unicorn"...

  24. #9324
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    Quote Originally Posted by skaredshtles View Post
    I mean... at the least, they should have simply named it "Unicorn"...
    I thought that's what I read. :P

    Thanks for the info on the money market amounts...
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  25. #9325
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    Mar 2006
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    Money markets are backed by short term treasury and have low yield accordingly. There is no magic formula for outsized gains. IF a tether fails if will be swift just like Luna with no maturity resolution. After the GFC the Sec changed the rules to regulate leveraged rates and holdings. If they regulated tether the yield would have to drop by law.

    https://www.sec.gov/spotlight/money-market.shtml

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