IT BEGINS !!

Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Gold is irrelevant to a nation’s capacity to finance its activities, whether that’s during times of peace or times of war.

    Unless of course if it’s a tinpot economic basket case, then a pile of gold could offer a useful short term purchasing opportunity.
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It is relevant to financing it's international activities.
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Yes an anonymous libertarian that has yet to be identified. How quaint. He must have developed the blockchain source code in between protesting against land taxes and hanging trespassers will be shot signs around his daddy's farm.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    It’s not really.

    Companies trade digital assets, they don’t trade gold reserves. These digital assets can be produced at will by the various CBs of the world regardless of how many gold or other reserves they have on their balance sheet.

    All that is required is that the nation has sovereignty over its capacity to issue currency and reputation.
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I thought you wanted to have a genuine discussion around the BTC whitepaper? Instead...

    :)

    Edit to add: when I last read Satoshi’s posts I must say I didn’t come across any mention of land taxes, hanging trespassers or Daddy.
     
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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Majic money tards haha. I like that one.
    Or mental midget tulips, yeah.

    Gold is never important (until it is) and they dont want attention on gold by the masses. Central bankers have been hoarding it for the same reasons as always. They ain't fooling anyone.

    We are seeing the limits of mmt now and it's on it's way down. It's best days are long gone now.
     
  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Btc down around 25 percent now and still dropping. Its looking better now.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Double post
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    CBs do a lot of things, most of which doesn't make any sense. Hoarding gold is one of them. Gold is not important to them. Governments don't need it. They've got keyboards and legislation. And guns. Gold is important to individuals though as we can't fund our own economic activity so we're at the mercy of the State's inflationary fiscal and monetary policies. So by all means carry on lauding the qualities of gold that make it an essential part of any individual's portfolio, just leave the nonsense around CBs and sovereign nations hoarding the stuff out of the justification.

    Hoard assets.

    Fixed it for ya.
     
  10. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    IMO very few have realized crypto's scope - facilitates securities, non-fungible tokens and smart contracts at far lower cost than existing financial infrastructure. Maybe it never catches on, but if it does then crypto is still in very early days.

    I reckon that's unlikely. It's actually poorly written. The code that came a bit later was properly amateurish. It's legacy is simply joining dot between double spend and proof of work.
     
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  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    This ^
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    [​IMG]

    Whales hoovering up plankton.
     
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  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Why is there so much talk about future of money, social movement, economic theory, fundamentals and central bankers lol.

    If you agree that no one would buy BTC if it cost money, than only reason for BTC is to make money.

    Bitcoin has practically no utility since 99.99% of businesses nor people will accept it as trade, thus have no intrinsic value and the volitility means it is not a store of value.

    However it is a fantastic momentum driven speculative asset (and no it is not a currency).

    Simply buy when it crashes and sell when it goes hyperbolic.
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Because that’s why BTC was invented.
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    It's a speculative thing for sure, not even sure if it's an asset or not. It's not comparative to gold in any way that I can tell although many think they are. They arent anything close.

    No way would I store anything serious in cryptos. Way too volatile to ever be more than that and what's the value? $6.35...$942.57.....$228,875 who the phuk knows, not me.
    It's a tulip mania and it smells good some days and other days smells like an old lady wore too much perfume.

    One guess could be as good as the next guess?

    I guess it's all perspective.
    If I had bought 1000 bitcoins back in the day for a few cents each I wouldnt be trading the swings haha.
     
  16. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    It's a tulip in its 5th bubble. Like apparently everything these days, it polarizes. One side argues its not money. On the other side it pays for things like gold with change to spare.

    Is its 5th bubble the last? Who the f knows?
     
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  17. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Does it matter, as long as you can make money from it, and you are correct it is in 5th or 6th predictable mery go round and will be many more

    You can time the "buy and sell" from this forum lol, following these three simple easy in-depth market analysis

    1. Continually see crypto thread updated near the top of new post when its near the end low -> Get ready to buy
    2. When you rarely hear about it -> ignore it
    3. See multiple threads from members asking how to buy BTC or what X coin -> Sell SELL SELLLLLLLL
    Remember don't be greedy, you don't need to buy at the absolute bottom and you don't have to sell at the absolute top.
     
    Last edited: Jan 11, 2021
  18. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    100% agree it was developed with lofty goals however in reality it turned out differently......

    Much like sildenafil was originally developed by Pfizer for the treatment of hypertension and angina but 99.99% of the usage is Viagra or a generic variant of.....
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Max Keiser thinks btc still needs to find it's true fair value and that should be around 220k and he thinks it will be there by the end of 2021.
    He nailed 2020 predictions but could have just been lucky.
     
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  20. Goldmiester

    Goldmiester Member

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    The Keisernator can never be wrong.
     

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