Results 15,751 to 15,768 of 15768
Thread: Bitcoin....who's gotten into it?
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Today, 02:31 PM #15751
but line went up though?
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Today, 02:35 PM #15752
This is the Bitcoin thread, fuckers.
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Today, 02:56 PM #15753
Lots of in's lots of out's man
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Today, 03:05 PM #15754
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Today, 03:41 PM #15755
Bitcoin....who's gotten into it?
If you gave someone named Slorg something that was cash good in exchange for something called Slerf, I can’t help but feel like you deserve every fucking dollar you lost and then some.
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Today, 04:00 PM #15756
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Today, 04:03 PM #15757
Heh, instead what happened is the new tokens that were released shot up around 5,000% because "The outcome was that the $10m got vaporized. Everyone who bought in early lost their deposits and got no Slerfs in return. But this mistake was very good for attention, and attention is the true value of any memecoin."
Which speaks to fact the fun thing about this latest crypto rally is nobody, well almost nobody, is pretending there's a story behind it. Nobody pretending crypto is the next big thing going to take over the world. Speculation is the use-case this time around. Clearly cute doggies and memecoins are winning, for now. All the old tiresome narratives are irrelevant. The absence of pretense is refreshing.
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Today, 04:05 PM #15758
This is a classic case of fuck around and find out. Anybody playing with memecoins should expect that losing all of their money has a much greater chance of happening than zero.
With that being said, it's the frontier of finance and technology. There are going to be problems from time to time.
When the early internet had problems, did we give up on it? When many of the first airplanes crashed, did we abandon flight?
Same shit. You guys are comfy, so you don't want shit to change. But it always does...sometimes really fast.
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Today, 04:06 PM #15759
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Today, 04:06 PM #15760
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Today, 04:22 PM #15761
Yeah, that ain’t it.
You think it’s just some weird coincidence that every wealthy country operates on fiat currency regardless of where they lie on the left/right political spectrum, and regardless of their levels of debt/deficit?
How many left leaning or far left economists are out there advocating for a gold standard? None. It’s the far right ones, who are also against redistributive policies that help the less fortunate, for small government, for lax regulation, that all helps the rich.
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Today, 04:38 PM #15762
lol, that's not it either. As would be the case with a bitcoin standard, a gold standard tends to create excess deflationary pressure. That's why the Fed should adopt nominal GDP targeting to moderate both deflation and inflation.
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Today, 04:50 PM #15763
Lol, so glad I happened to see this when not signed in.
Stop being a pompous douche. I know about deflationary pressure of both, and have said that multiple times here.
And I know about economist on the right pushing for nominal GDP targeting.
But also, if any economist is, or has in the recent past, talked about the gold standard, they’re leaning right, not left.
So go fuck yourself. Back to ignore.
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Today, 04:59 PM #15764
Whoa whoa whoa whoa, lots of economists talk about commodity standards. One wonders if the mere mention of such a thing means they'll be first against the wall when DeJong is made is king?
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Today, 05:12 PM #15765
Hmmm, it kind of seems like the SEC sucks.
https://x.com/robustus/status/176984...cng0g8hrQ&s=09
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Today, 05:26 PM #15766
Deserves to quoted, "For the reasons explained below, the court imposes sanctions against the Commission for bad faith conduct in obtaining, maintaining, and defending the TRO, and denies the Commission’s Motion to Dismiss without prejudice to refile in accordance with the District of Utah’s Local Rules.The Commission’s above-discussed conduct constitutes a gross abuse of the power entrusted to it by Congress and substantially undermined the integrity of these proceedings and the judicial process."
Perhaps even more important than the finding of gross "abuse of the power," while significant in its own right, is the denial of sovereign immunity for the SEC. While far from perfect, rulings like this show why people should have more faith in the American system. A lot of smart people also insisted Sam Bankman-Fried would never be charged let alone convicted because of his broad bipartisan political donations. So it's not just conspiracists who think everything is broken. Smart people who think they know "the real truth" can also be bamboozled into falling for doomerism.
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Today, 05:27 PM #15767
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Today, 05:37 PM #15768
FWIW, the SEC asked the court to dismiss the case but DEBT Box wants its day in court.
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