that late tonight I will merge The Garden in with the Blue Oyster. Despite my interest in BTC and finances, the board has not engaged enough interest to continue.
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It is with deep regret that I must announce...
- Thread starter DerekJohnson
- Start date
True, but there are some economically astute poasters at this site. Hopefully this romper room drunken frat house of depravity will appeal to their inner teenager so they engage in all things economis, academis, libertatis, food fightus, titses and asses. Good times once you get this place, albeit a bit unnerving priori.
Another sign of impending recession.
rodmansrage
Active poster
thats the entire bored though.
If I like my MBA can I keep it?
New site slogan?
So now we're bashing drunken frat house depravity?!?!
Tug wins
Bitch coin loses
Bitch coin loses
Not bashing. Exalting.
TurdBomber
Active poster
Who wants those bleeding Bitcoin hemorrhoids in the Tug, er Pump&Dump?
I don't like people who get boners over virtual wealth and commerce and I'm glad they got crushed by the real market just like they do by the plus size women who reject them at their local bars.
Bitcoin is for nose-picking Nerds. They got what they deserve.
Bring it on, Nerds.
I don't like people who get boners over virtual wealth and commerce and I'm glad they got crushed by the real market just like they do by the plus size women who reject them at their local bars.
Bitcoin is for nose-picking Nerds. They got what they deserve.
Bring it on, Nerds.
You're conflating cryptocurrencies with Bitcoin. Two profoundly different things.
Pitchfork51
Active poster
I take offense to this.
I'm a deadbeat on the 4th floor
TurdBomber
Active poster
Bitcoin is a cryptocurrency[/b], a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to...
.https://www.investopedia.com/terms/b/bitcoin.asp
Whatevs Stalin. My hatred is for either or both, regardless.
And never defend nerds. It's like defending plus size models.
100% wrong, no matter what.
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Cryptos are unregistered securities. Bitcoin is property, as designated by the IRS in 2014. The Bitcoin network (as differentiated from the Bitcoin engineered monetary system), will end up undergirding the entire economic world. I 100% guarantee, if you have any humility at all, that a few years from now you'll look back and say "I had that all wrong."
Bitcoin is intangible property. But so then is the US dollar. Bitcoin is sort of like the private bank notes issued by US private banks in the 1800s that in many places substituted for US currency. It was backed by the full faith and security of the local bank. That was it. Private banks failed all the time and the holders of the private bank notes lost their ass. Historically, holding gold or actual US currency were the only "safe" way to store capital. Then, after the Great Depression the US would guarantee US bank deposits up to a certain level, today $250k per account. Above that, you are on your own. There is "some" regulatory protection in that your bank needs to publish audited financials and meet fed regulations and audits. That provides some protection from fraud and theft.
As the US intentionally is weakening the dollar, that leaves gold and bitcoin as your remaining capital safe houses. Unless, your gold is buried in your backyard, your gold ownership is also an intangible, but that intangible is backed by a hard asset. So, if your gold ownership is through a historically reputable investor, subject to federal regulation, I think it's pretty safe. If not, it means the apocalypse and your back yard gold isn't going to do you any good, except make you a target.
With bitcoin, there is no there there unlike gold. You have a digital record that is controlled by whom, regulated by whom? You need to physically steal gold. Plus bitcoin can be effectively regulated out of existence in the US if the government wanted to. Unfortunately, they could do the same with gold.
As the US intentionally is weakening the dollar, that leaves gold and bitcoin as your remaining capital safe houses. Unless, your gold is buried in your backyard, your gold ownership is also an intangible, but that intangible is backed by a hard asset. So, if your gold ownership is through a historically reputable investor, subject to federal regulation, I think it's pretty safe. If not, it means the apocalypse and your back yard gold isn't going to do you any good, except make you a target.
With bitcoin, there is no there there unlike gold. You have a digital record that is controlled by whom, regulated by whom? You need to physically steal gold. Plus bitcoin can be effectively regulated out of existence in the US if the government wanted to. Unfortunately, they could do the same with gold.
Cryptos are unregistered securities. Bitcoin is property, as designated by the IRS in 2014. The Bitcoin network (as differentiated from the Bitcoin engineered monetary system), will end up undergirding the entire economic world. I 100% guarantee, if you have any humility at all, that a few years from now you'll look back and say "I had that all wrong."
CuntWaffle
New Fish
As someone in the middle, crypto discourse is fascinating.
Bitcoin is intangible property. But so then is the US dollar. Bitcoin is sort of like the private bank notes issued by US private banks in the 1800s that in many places substituted for US currency. It was backed by the full faith and security of the local bank. That was it. Private banks failed all the time and the holders of the private bank notes lost their ass. Historically, holding gold or actual US currency were the only "safe" way to store capital. Then, after the Great Depression the US would guarantee US bank deposits up to a certain level, today $250k per account. Above that, you are on your own. There is "some" regulatory protection in that your bank needs to publish audited financials and meet fed regulations and audits. That provides some protection from fraud and theft.
As the US intentionally is weakening the dollar, that leaves gold and bitcoin as your remaining capital safe houses. Unless, your gold is buried in your backyard, your gold ownership is also an intangible, but that intangible is backed by a hard asset. So, if your gold ownership is through a historically reputable investor, subject to federal regulation, I think it's pretty safe. If not, it means the apocalypse and your back yard gold isn't going to do you any good, except make you a target.
With bitcoin, there is no there there unlike gold. You have a digital record that is controlled by whom, regulated by whom? You need to physically steal gold. Plus bitcoin can be effectively regulated out of existence in the US if the government wanted to. Unfortunately, they could do the same with gold.
Cryptos are unregistered securities. Bitcoin is property, as designated by the IRS in 2014. The Bitcoin network (as differentiated from the Bitcoin engineered monetary system), will end up undergirding the entire economic world. I 100% guarantee, if you have any humility at all, that a few years from now you'll look back and say "I had that all wrong."
All of this about the same. Bitcoin could be regulated out of existence as you said, but it could also be sabotaged by governments out of existence even easier than it could be killed by regulation.
Gold isn’t impervious to holding value either just because it’s physical. Just look at what the Spanish did with it in South America as a reference.