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Audit the Fed, bring back the gold standard, Ron Paul 4 prezzie.
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The average person doesn’t understand inflation / basic math.
- Thread starter NoBacon
- Start date
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The only value Bitcoin has is the potential to sell it for a profit to a greater fool. Hence greater fool theory.
If you use Bitcoin as a currency to buy groceries and car insurance and everything you need to transact with to live you’re a retard. You literally couldn’t do it anyway, as it hasn’t got the tx capacity if you wanted to (for some insane reason).
If I create clay models of Eric Hildeman being culled by Boomia, and only make 10 of them, are they a valuable currency?
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It’s why Gadaffi was murdered.
It’s why Russia/BICS is being demonised. The petro dollar is the last pillar holding this Ponzi scheme up.
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not inherently, but if 'the news' talks about them & idiots get interested then the price will increase - some idiots have money to waste.
It's definitely a more reasonable proposition than fiat, but I accept it'll never happen properly, & what's more likely is a global digital currency which'll be the worst of all worlds... but don't hate on muh profits in the meantime
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You keep explaining why it’s greater fool theory lol.
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I get what you're saying... you didn't buy bitcoin early enough so they must ALL be fools since someone might be left holding the bag... will I cash-out in time? we'll see! until then, don't be jelly
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I haven’t got a problem with people trying to use it to get rich. I wish them luck.
It’s when they start saying it’s the replacement to fiat and a solution to it, when every year it just replicates all the worse aspects of fiat economy but does it even harder. See: every crypto exchange being a Ponzi scheme but no investors /customers having regulated rights and protections.
You always need an on/off-ramp for crypto, they all operate like the shadiest fiat scam but have none of the regulated benefits as a customer.
So what’s the point?
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this is a wrongful a priori assumption that the people who regulate are trying to help you, they're not!
I accept the problems with emergent 'currencies', but refer to the problems created by fiat... I just work day-by-day & try to not be blackpilled
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Of course they’re not, but you are still protected up to 80k when banks go bust. You aren’t protected at all with the cyrpto exchanges and all operate like banks, as Ponzi schemes.
So, what’s the point?
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that's almost a universal question... ask someone else about the meaning of life / God. I'm just denouncing fiat currency.
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Yeah but crypto isn’t different, it’s the same.
Look up how much tether has under management, it’s something like 60 billion with 10 employees, and look at their audits and asset sheets. It’s supposed to be 1:1 backed.
Dig a little into it. Then you’ll see why crypto is bullshit and you shouldn’t be exposed to it more than gambling for quick money.
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tether is a whole great scam story, I don't know what you think we disagree on? I'm just more of a sneaky early-adopter who's ready for an apocalypse - gathering what I can in the meantime & joking-off.
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WWAW bartering? I’m a big fan
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Any memorable trades?
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They want people to be angry at banks for giving 18 year olds large loans for college yet nobody gets upset at colleges that keep jacking up their prices every year. They really need to tell kids in high school if they want to go to college and get a degree get something that will get you a job that pays well. I see major universities raise tuition every year and offer classes studying Beyoncé and Taylor Swift lyrics. “But it’s the banks fault I can’t pay back my student debt!”
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I swapped 3 drug-dealing muslims for a speeding ticket, they're in Guantanamo Bay now, hahaha!
(you know I'm joking, right? kinda)
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I sent a Somali pimping an Ojibwe girl to prison, atalker...federal prison, the big one.
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the big Ojibwe girl, those guys should be in prison!
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Yes. I gave an old neighbor a decent lawnmower for his kid to start a business with and his kid cut my grass for free for like 8 years, including weed whacking. He also took over cutting the common area, which was something I did prior.
Maybe I broke even but I saved a good bit of time.
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Instead of dumb shit like algebra school mathematics should be teaching real world stuff like this.