Monitoring the Crypto Bubble

[mmm....shiney!]

Is it just me or does this "new user" Skull have a very similar writing style to that JohnGalt retard who got banned a bit ago ?
The arguments are certainly the same.

Yeh I kinda got the same vibe, the arguments are the same but @SKULL seems to have more brain cells than that one. And he hasn't used any OVERSIZED WILD FONT as of yet.

And then there was that other dude that goldpelican tossed out, I can't remember his name. The one that called me a cnut and said my penis was very small. Which is pretty accurate though mind you.

 

[SKULL]

Ok, now I get that ur an investor in BTC. Investment I understand

I posted the " Unit of Account Problem " only because I found the article of interest in the points raised.

I don't invest in BTC because of the fluctuations in price. I'm 63 yrs, so close to retirement. I don't have the time to recover a large drawdown in my capital. I've seen 17% interest on my 1'st house mortgage. Lining up for ur turn to buy fuel. Crash of 1987. DOT.COM bust & the GFC, so I would just like to have a modest survival

I have done well with my Gold/Silver. Much more than double my initial investment in a bit over 5 yrs. I'm ok with that.

I have nothing against BTC/Crypto ( but some push it a bit hard ). Honestly, I hope u do real well & use that to prosper for urself & ur Family

 

[SKULL]

Yeh I kinda got the same vibe, the arguments are the same but @SKULL seems to have more brain cells than that one. And he hasn't used any OVERSIZED WILD FONT as of yet.

And then there was that other dude that goldpelican tossed out, I can't remember his name. The one that called me a cnut and said my penis was very small. Which is pretty accurate though mind you.

I'm totally no ok with getting into personal insults ( childish school yard tactics )

I can assure u, I'm a new user.

I don't do any social media stuff. So this forum is a recent step into the online world, so maybe I'm a bit " Old " & not so adjusted to the nuances of the online world.

 

[mmm....shiney!]

All good mate.

 

[Gazza79]

I'm totally no ok with getting into personal insults ( childish school yard tactics )

BS Skull you said to me in a new members post the other day that “ so your just a wanker then “ which was soon deleted by mods.

And yes Stoic I had the same vibe to mate.

 

[Stoic Phoenix]

 

[SKULL]

BS Skull you said to me in a new members post the other day that “ so your just a wanker then “ which was soon deleted by mods.

And yes Stoic I had the same vibe to mate.

LOL, if u think " wanker " is a personal insult, u should get out more & find out what " real " people think about u.

 

[Brendio]

From what I'm seeing/hearing Stablecoins maybe the next evolution of Crypto. Lot of chatter about Stablecoins backed by USA Treasuries as a way for the Gov to create a synthetic market for Treasuries ( short term treasuries/Debt ) Seems they see it as a way to push Debt ( treasuries ) onto the market. If they regulate ( manipulate ) the market into making the standard to be Stablecoins backed by treasuries.

Others here such as @Brendio your mate @Stoic Phoenix or @dozerz could probably offer greater clarity on the topic or not.
Edit to add: and Graeber would argue that even when nations operated under commodity currencies such as gold standards they were mainly used as units of account (like our metric system) as opposed to any actual exchange with debts being settled in the sale of goods to the creditor as opposed to handing over a helmet full of sestertii (except for soldiers and other state sponsored thugs who nobody trusted).

Fiat-backed coins are an interesting one (not really stable over the long term due to money printing). They have evolved beyond their initial use case of transferring value between shitcoin casinos, and have seen reasonable adoption in South America and other places where USD is far preferable to the local currency. From a US government perspective, their increased adoption increases demand for treasuries. An interesting side effect, is stablecoin issues are (assuming they are true to label) full reserve banks, which could put some constraint on money supply.

The regulations risk killing the golden goose though, in that they are not decentralised cryptocurrencies at all; they could just as easily be run on an SQL database. Their appeal has come from the laxer regulations around issuance and availability to the unbanked. Take that away and you get closer to de facto CBDC territory.

 

[Gazza79]

LOL, if u think " wanker " is a personal insult, u should get out more & find out what " real " people think about u.

Hahaha I get out plenty mate don’t you worry about that . I own a tourist park since 99 and a few years ago I bought the local pub and interact with 100’s of people every week and frankly I would rather not interact with so many people lol

And it’s funny how you get your knickers in a not every time I post something.

You need a hug mate?

 

[SKULL]

Hahaha I get out plenty mate don’t you worry about that . I own a tourist park since 99 and a few years ago I bought the local pub and interact with 100’s of people every week and frankly I would rather not interact with so many people lol

And it’s funny how you get your knickers in a not every time I post something.

You need a hug mate?

Ahh, got u. Posing as " Rich " wanker

 

[Gazza79]

Ahh, got u. Posing as " Rich " wanker

Hahaha see what I mean, come down to the pub if you like and have a beer and stay at the park if you like to have a chat f2f.

Oh and you didn't say if you needed a hug?

 

[SKULL]

NO Gazza

IGNORED

 

[Gazza79]

Poor Skull has had enough

 

[JohnnyBravo300]

I couldnt imagine having to deal with 100s of people a week.
Sounds horrendous!

 

[Gazza79]

I couldnt imagine having to deal with 100s of people a week.
Sounds horrendous!

Some times it can be pain in the butt.

We have 8 acres with 21 cabins and 40 powered sites for caravans and of course plenty of room just to camp in your tent and It was ok at the start but as time passed I noticed that people’s attitudes changed and they seemed they thought they were more entitled and people’s attitudes changed but hey that’s life.

However the pub is good and we usually do around 80-120 meals a night and hold live bands on Friday and Saturdays and bring in a different crowd of people that just want have to fun.

We are located in the state forest in SW Victoria and we surrounded by bushland and a stone’s throw from the coast.
There’s awesome 4x4 and dirt bike trails here.

We hold a lot of car shows and meets at the pub.

 

[mmm....shiney!]

@SKULL, pull your head in

 

[Stoic Phoenix]

Top Five Crypto Headlines Today:

Marex becomes the first clearing firm to team up with JPMorgan, enabling 24/7 blockchain settlements. $jpm

Satsuma Technology accepted 1,097.29 $BTC in lieu of payment while raising $217.6M in convertible notes.

Every Base token will be traded on Coinbase, per Jesse Pollak.
No listing required, users can search and buy directly.

Laser Digital secures Dubai’s first OTC crypto options license for institutions.

Smarter Web Company issues UK’s first $21M BTC-denominated convertible bond.

 

[Stoic Phoenix]

Four Crypto Headlines you may have missed:

Asset manager Parataxis Holdings to raise up to $640M for its Bitcoin Treasury Strategy through an SPAC merge with SilverBox Corp IV.

Tokenized stocks surged 220% in July, with Binance Research projecting a $1.3T market opportunity as adoption nears a tipping point.

Cosmos Health secures up to $300M in financing to launch an Ethereum-based treasury reserve strategy.

Vitalik says Ethereum L2s must shift from OP to ZK proofs to achieve faster withdrawals.

 

[JohnnyBravo300]

Some times it can be pain in the butt.

We have 8 acres with 21 cabins and 40 powered sites for caravans and of course plenty of room just to camp in your tent and It was ok at the start but as time passed I noticed that people’s attitudes changed and they seemed they thought they were more entitled and people’s attitudes changed but hey that’s life.

However the pub is good and we usually do around 80-120 meals a night and hold live bands on Friday and Saturdays and bring in a different crowd of people that just want have to fun.

We are located in the state forest in SW Victoria and we surrounded by bushland and a stone’s throw from the coast.
There’s awesome 4x4 and dirt bike trails here.

We hold a lot of car shows and meets at the pub.

Oh that sounds really awesome actually.
Sounds like a little piece of paradise man.

 

[SKULL]

I thought this an interesting read because Crypto Currencies/CBDC/Stablecoins will play a major role in the Technocracy he's describing

https://stylman.substack.com/p/the-invisible-leash

Digital Currencies as part of a Comprehensive System

EDIT ADDED:- As financial analyst and freedom fighter Catherine Austin Fitts has long warned, wearables represent one component of what she calls 'the control grid' - a comprehensive system integrating health surveillance with digital currencies and social credit scoring. The goal isn't health optimization but economic control: making your access to resources conditional on biometric compliance. Her Solari Report provides perhaps the most essential analysis for understanding these converging systems - aside from reading the World Economic Forum's materials directly.