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Thread: Bitcoin....who's gotten into it?
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05-02-2023, 01:28 AM #12551
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05-02-2023, 07:00 AM #12552
https://twitter.com/DigiEconomist/st...UoAGv5NDg&s=19
If you didn't eat lunch today a starving child in Africa could've had a hamburger. Facts.
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05-02-2023, 07:15 AM #12553I drink it up
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Bitcoin....who's gotten into it?
No, the analogy is if you had gone to Africa and packed a ham sandwich for your lunch, and you hadn’t then smooshed your ham sandwich into a spaceship shape and sold the rights to it to some oligarch in Poland, then some starving child down the street from you in Africa while you’re in Africa could have had a ham sandwich.
Last edited by Mustonen; 05-02-2023 at 12:47 PM.
focus.
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05-02-2023, 07:47 AM #12554If you didn't eat lunch today a starving child in Africa could've had a hamburger. Facts.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"
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05-02-2023, 08:20 AM #12555
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05-02-2023, 11:40 AM #12556
https://twitter.com/jdcmedlock/statu...sR_NcRK2VkCfkg
At least he put his money where his mouth is. (It’s up his ass…)
Also, weird time to claim they’re printing trillions:
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05-10-2023, 11:27 AM #12557
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05-10-2023, 12:05 PM #12558
A hedge against Deflation!
It's a war of the mind and we're armed to the teeth.
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05-10-2023, 12:21 PM #12559
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05-10-2023, 12:24 PM #12560
What’s that a 5% drop? The axis sort of amplifies the drop.
In any event as of now (2:23) btc is down less than 1% vs yesterday.Decisions Decisions
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05-10-2023, 12:31 PM #12561
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05-10-2023, 12:36 PM #12562
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05-26-2023, 11:56 AM #12563
Arthur Hayes on What Bitcoin Did!
https://www.youtube.com/watch?v=yV-zwcFnR3QLive 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
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05-30-2023, 06:35 PM #12564
Venmo cc 3% back in BTC. I'll take it. Smoother app experience than chase as well.
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05-30-2023, 09:02 PM #12565
That Arthur WBD episode was fun!
Some good mining news coming out.
Tether and green BTC mining in Uruguay. Cry more.
https://bitcoinmagazine.com/business...ons-in-uruguay
Mining getting more tightly integrated with TX renewables. Good times.
https://twitter.com/MorgensternNJ/st...vcZRmsRpg&s=19
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05-31-2023, 06:13 AM #12566
I started on a construction project about this time 2 summers ago. Client bought 3 20 acre +- lots above Bozeman in a high end development. Plan was for a 1.5 acre pond and water feature, guest house, gear barn, main house and pond house. Evidently money was not an issue.
Fast forward to today, the pond is full but not landscaped, no water feature has been built, guest house is nice and plenty big (5000+ sq ft) and about 6/10th completed, gear barn is sitting, no progress on anything else.
Owner has too much capital tied up in BTC to move forward. They send me a check every month for my services, good times.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"
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05-31-2023, 07:34 AM #12567
First world problems. They've got it rough. Meanwhile I got jobs for these venezuelan dudes who straight up walked here through central America.
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05-31-2023, 07:44 AM #12568
^^^ Plenty of work available for those who show up and work.
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 < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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05-31-2023, 07:53 AM #12569
Yep. These dudes are working doubles everyday w a smile on their face.
Talked w a tile guy at the hot springs the other day who just big a shower job in tbe YC, 489,000$. For a shower. 42M house. JFC..
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05-31-2023, 06:04 PM #12570
There is an unbelievable amount of money sloshing around SW MT and many other places in the west, the YC is one aspect. Without the Hispanic labor force none of this shit would get built, I have started into learning conversational Spanglish, mainly cause I want to start spending 3 or 4 of the dark months way down south.
Just signed on a job on the north side. I killed 2 cow elk on the same parcel back in the day (2005/06 & 07/08) when we could hunt MLB land, cow only.
Project is access road about 1/3rd of a mile on difficult terrain and over a wetland. Big house and 5 smaller ones, one for each kiddo and a few other items. Right now the project is scheduled for ending sometime around December 2029.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"
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06-01-2023, 10:43 PM #12571
Sounds a bit like Hotel California. You can check out anytime you'd like, but you can never leave.
https://www.wsj.com/articles/apple-s...sachs-bd8b9ccb
Apple Savings Account Customers Say It’s Hard to Get Their Money Out of Goldman Sachs
Some customers said it has taken weeks to withdraw their money, and that the bank’s instructions have differed
Apple’s savings account, a partnership with Goldman Sachs, launched in April to great fanfare. Some customers say it has been hard to get their money out.
Nathan Thacker, who lives outside Atlanta, had been trying to transfer $1,700 from his Apple account to JPMorgan Chase since May 15. Each time he called Goldman’s customer service department, he said, he was told to give it a few more days.
The money arrived in his Chase account Thursday morning, he said, after The Wall Street Journal contacted Goldman about his and other customers’ experiences.
Others said they also had trouble transferring money from their new Apple accounts. Customer service representatives at Goldman, which holds the deposits, sometimes gave differing responses about what to do, they said. Sometimes, their money appeared to have simply vanished, not showing up in their Apple account or in the account they were trying to move it to.
Goldman said it couldn’t comment on specific customers, but added that “we take our obligation to protect our customers’ deposits very seriously.”
“The customer response to the new savings account for Apple Card users has been excellent and beyond our expectations,” the bank said in a statement. “While the vast majority of customers see no delays in transferring their funds, in a limited number of cases, a user may experience a delayed transfer due to processes in place designed to help protect their accounts.”
On brand-new accounts, like Apple’s, transfers that make up a large share of the overall balance can trigger anti–money-laundering alerts or other security concerns that require additional review, according to people in the AML field. Those delays usually last five or so days, they said.
It can also be a red flag when a customer tries to transfer a large amount of money from a newly opened account into an account that is different from the one where the money originally was.
The Apple savings account has attracted people searching for the same thing: yield. It pays a 4.15% interest rate, riches compared with the current savings-account average of 0.25%, according to Bankrate.com.
Goldman also issues Apple’s credit card, and consumers who want to open the savings accounts have to first sign up for the credit card.
For Apple, the new account is a way to expand the iPhone further into people’s daily financial interactions, keeping customers linked to its ecosystem. For Goldman, it is a way to build deposits.
The Wall Street titan has encountered challenges, including regulatory probes, when dealing with the mundane tasks of servicing Main Street consumers. Goldman has been cutting back on its consumer lending, and earlier this year said it is “considering strategic alternatives” for the unit that includes its credit-card partnership with Apple.
The long delays have forced some customers to make financial decisions they hadn’t planned on.
Kevin Smyth of Minnesota tried transferring $10,000 from his Apple account to U.S. Bank on May 16. He needed the money to pay for remodeling his basement.
Goldman told him to contact U.S. Bank, Smyth said. U.S. Bank told him it saw no sign of an incoming transaction, he said.
Smyth said Goldman eventually told him that his account was under a security review.
Smyth tweeted at Apple Chief Executive Tim Cook on May 25. “Was your plan to partner with a bank that holds people’s life savings hostage?” he wrote.
Goldman later told Smyth he would have to transfer the $10,000 to American Express, which is where the money had been.
Smyth went a step further. He emptied his Apple account, moving all $200,000 back to Amex. The money showed up promptly.
He plans to close his account this week.
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06-01-2023, 10:49 PM #12572
The Blixseth family legacy is a real tire fire.
https://www.wweek.com/news/city/2023...liday-weekend/
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06-01-2023, 10:51 PM #12573
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06-01-2023, 11:56 PM #12574
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06-02-2023, 04:06 AM #12575I drink it up
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- Oct 2002
- Location
- my own little world
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- 5,874
You’d be shocked at how many people try to send a transaction with their own money to fraudsters and scammers, or who are acting as mules for same. Much less those who compromise their own credentials. Sounds like their process to deal with it is a bit broken. I imagine they’ll fix it, but the fact they have a process is just another argument to keep your money with a real institution.
It’s no Mt Gox, or any of the other technology/process implosions that have rocked crypto over the years where the money is just fucking gone.focus.
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