Bitcoins - digital currency
Dude Binance was actively telling customers they would help them evade US taxes and AML laws and then telling regulators they “don’t service US customers”.
It was literally part of their growth strategy and CZ himself sent chats saying to just do it anyways because it was worth it even if they got caught.
No one ever gets charged criminally with that **** because no big bank dude us stupid enough to write that **** down and admit they do it intentionally.
Below 100k now. 😮
Down 18% since I showed up here and warned you that this is all vapor.
Pretty impressive that after 17 years nut nut would nail, within a week, the time where the Bitcoin ponzi would be exposed. It was fun while it lasted boys
Nutstradamus came to thread about a month ago. In any one month span since 2009, gonna guess bitcoin has dropped 18% or more at least 100 different times.
This will be the one where it drops and only continues to drop.
All hail nut nut
Pretty impressive that after 17 years nut nut would nail, within a week, the time where the Bitcoin ponzi would be exposed. It was fun while it lasted boys
I didn't predict that anything would happen at this moment. That's just a coincidence.
I was merely speaking to the long-term fundamentals of something without any inherent value.
You can't eat bitcoin. You can't build homes or clothing from it or anything else of value that anyone needs. It's not a metal which can be used to build an electric car battery. It's just like the Dutch tulip craze from centuries ago. A fad.
Yawn
Nutstradamus came to thread about a month ago. In any one month span since 2009, gonna guess bitcoin has dropped 18% or more at least 100 different times.
This will be the one where it drops and only continues to drop.
All hail nut nut
I'm not anyone who wants to be hailed. I'm just an honest voice who wants people to see the world for what it really is and get back to starting working together to salvage the things which mean the most to us.
If there is a God, they would be angry at a people who have come to idolize commas. The comma's which define a persons balance sheet equity.
Worshipping false idols is not the path to anything worthwhile.
I was merely speaking to the long-term fundamentals of something without any inherent value.
You can't eat bitcoin. You can't build homes or clothing from it or anything else of value that anyone needs. It's not a metal which can be used to build an electric car battery.
The ability to transact without any third parties has inherent value imo.
Being naive and ambivalent isn't going to solve anything.
Wealth has always been a barbaric quest. But today the planet’s resources are mostly the sacrifice, as opposed to lives. Humans have always chased wealth, just in different forms. So it’s not exactly a problem that showed up recently.
Bitcoin, not to be conflated with altcoins, was designed to be freed from those who worshipped wealth the most. Has it lost some of its original allure due to those very types of people? I think so.
But the underlying value is still the same. And ultimately, you either get on or get left behind, whether that’s the way you think it should be or not. You don’t have to view BTC as a wealth vehicle as much as you should view it as a survival vehicle.
Some get it, some don’t, and some never will.
All bubbles have the same destiny. They pop.
The bigger the bubble, the bigger the pop and the more people who get hurt by the explosive force of the pop.
Bitcoin is just a small symptom of something infinitely larger.
How do you propose that be solved? And don’t give us fairy tales.
BTC, and crypto, is still a very small piece of the total financial system.
Land bubble
Fiat bubble
Gold bubble
All going to pop.
RIP
If you think there are no third parties involved, you are missing the boat.
Last I checked, a bitcoin transaction uses about 1,000,000x in electricity footprint vs a standard debit / credit card transaction. Half of that electrical generation comes from fossil fuel combustion which contributes to the overloading of the only of the only atmosphere on Earth.
There are 8 billion human third parties who have a stake in the chemical composition of that atmosphere. Some people are too stubborn and ignorant to recognize that they are one of those third parties. Some people don't care about the consequences of the world which we are creating because they won't be here to experience it and they don't give a damn about the experience of future generations.
I am not the karma delivery man. I'm just a messenger. Karma delivery is in the hands of a higher power.
The people who inherit the future responsibility for navigating the mess being created today are going to have all of the tools that we have given the government and the NSA. They will be like the fictional Santa Claus. They will know which side each of us was on when we made the decision to create a different version of the planet than the one which nurtured the development of human civilization.
I will not be one of those people. But I know that it is inevitable that they will come to be. I'm bending the knee to them in advance. If you want to extend them your middle finger, that's your choice. I would advise against that.
How do you propose that be solved? And don’t give us fairy tales.
BTC, and crypto, is still a very small piece of the total financial system.
I'm afraid that the inevitable solution is a combination of fairy tale and nightmare.
When the bubble popped on the irrational exuberance of the 1920's, there was a Great Depression, WW2 and millions of people exterminated in assembly line fashion. If someone had told a citizen in 1925 amidst the pre-crash bubble that these things would transpire, they would have been severely ridiculed and treated with the utmost contempt.
The force for change is going to be unbearable pain. The Germans were feeling that in 1925 and it led them to embrace Hitler and the Nazis.
Now we have an American govt which is willing to let SNAP benefits expire for 40M of its most needy citizens while its wealthiest citizens hoard more and more for themselves.
I don't disagree with those here who disparage fiat currency like the US dollar whose value is a reflection of the social fabric which binds its 300M+ residents. But crypto is not the answer.
I'm not an ideologue. I'm like a carpenter who considers different tools for different tasks. Sometimes a hammer. Sometimes a saw.
Politically speaking .... we have moved too far to the right economically. So, we need to move back in the left direction and make sure that we don't have too many people failing all at once. At some point in the future, we may need to move back to the right.
Being naive and ambivalent isn't going to solve anything ...... today the planet’s resources are mostly the sacrifice, as opposed to lives.
If you don't understand the connection between planetary resources and human lives, then I would suggest that you are exhibiting extreme naivete.
If you think there are no third parties involved, you are missing the boat. Last I checked, a bitcoin transaction uses about 1,000,000x in electricity footprint vs a standard debit / credit card transaction. Half of that electrical generation comes from fossil fuel combustion which contributes to the overloading of the only of the only atmosphere on Earth. There are 8 billion h
Ok. Let's fast forward a bit. Energy is solved. Nuclear or fusion powers bitcoin.
What is your argument against it now? Is it still an environmental argument or something else?
If you don't understand the connection between planetary resources and human lives, then I would suggest that you are exhibiting extreme naivete.
Ok, I’ll rephrase. People mostly aren’t being directly murdered for wealth and power like most of our human history.
Maybe one day the world runs out of resources while humans still live. Maybe WW3 happens. Maybe technology advances so far it eliminates us. Maybe a lot of the things you list become worse and worse problems, eventually resulting in pure catastrophe.
Being an idealist is just theoretical. Bemoaning the potential future of the world isn’t going to save you. **** will happen how it happens, if it even goes the way you fear. Humans are great at advancing and adapting. Technology like Bitcoin gives people some hope of personal control away from those that control the power and wealth.
Let’s not forget that Bitcoin and crypto is a global asset class, and the world’s financial problems span way further than America.
The most basic core economic principle is that humans are self-interested. And that’s never going to change.
Ok. Let's fast forward a bit. Energy is solved. Nuclear or fusion powers bitcoin.
What is your argument against it now? Is it still an environmental argument or something else?
You're describing a fictional world. One in which we solved the energy issue first before we changed the version of the planet ..... I would have no problems with bitcoin.
But the real world is one in which the consequences of changing the planet will be cascading and shutting down bitcoin will be an inevitable response.
It's cool that your only issue with bitcoin is enviromental. We're getting somewhere.
But gold mining, gas cars and Christmas lights must persist.
Ok, I’ll rephrase. People mostly aren’t being directly murdered for wealth and power like most of our human history.
More naivete. If you don't understand the connection between the discovery of immense and easily accessible natural gas deposits off the coast of Gaza and Israel's genocidal war there .... humans haven't changed. We're as vicious and brutal as any species in the animal kingdom.
International Action Center - Founded in 1992 by Ramsey Clark
Anyways, back to Bitcoin. Good luck fading it. Maybe you’ll be right because you hope to be right by hating what you think it represents and the resources it consumes.
The most basic core economic principle is that humans are self-interested. And that’s never going to change.
Modern humans are a relatively short-lived species. Confined to a small footprint in Africa until 75k years ago.
The consumption capacity of every other species is limited by the expansion capacity of its gastrointestinal tract or metabolic equivalent. Lions don't kill entire herds of zebras. They take what they can eat which ensures that there will be enough for future meals. The zebras benefit because the weakest members don't survive to procreate. The relationship is brutal, but ultimately symbiotic.
Humans and some of our primate ancestors like chimpanzees have the unique attribute of hoarding. With chimps, it's relatively minor because a stash of bananas will only be good for a few weeks.
Human hoarding capacity has reached a level without recorded precedent in evolutionary history. Historical mass extinctions have been triggered by existential factors like volcanic eruptions or collisions with objects from outside the Earth's biosphere. We have been brainwashed to believe that the commas and digits which make up our financial equity provide us a guarantee of access to future necessities. But history tells us that civilizations and their currencies rise and fall into dust.
Human economies have grown in recent millennia as a result of successful globally expanding exploitation of Earth's resources. But there is only one Earth with finite resources and no efficient way to tap the resources beyond the Earth's boundaries. We live in the equivalent of a petri dish with a fixed amount of nutrients and like a colony of bacteria, our population will expand as much as the contents of the petri dish allow until the nutrients are exhausted and then the population will experience a rapid decline as the members are overwhelmed by the toxic byproducts of their own metabolism.
Bacteria are also selfish. Selfishness doesn't confer immunity. Natural law supersedes human rules and egos.
Anyways, back to Bitcoin. Good luck fading it. Maybe you’ll be right because you hope to be right by hating what you think it represents and the resources it consumes.
I don't hate anything. I have a normal inclination to protect my children and a decent grasp of science.
I have compassion for those who live in fear of inevitable death and struggle and respond to that fear by attempting to hoard resources as a hedge against those fears.
Fear has a magnetic quality to it. The more we fear something, the more likely we are to manifest the outcome we fear.
