- Jun 12, 2014
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Founding Member
That seems like money well spentNot directly related, but through blockchain technology, an artist sold a 10 second original video clip for $6.6MM.
What a crazy world.
How a 10-second video clip sold for $6.6 million
That’s a rosy outlook.If this has already been discussed my apologies as I skipped to the end but IMO (based off various podcasts I listen to) is get on the Bitcoin train now...I think it along with gold and silver will destroy the Fed Reserve and thus the central bank system....they won’t be able to control it because it won’t be centralized...people will finally be able to control their wealth again and not live in debt anymore...the dollar will implode at some point and I feel cryptocurrency is the future.....credit card companies are already adding it to the card as a method of payment
Agree. When the Fidelity's, JP Morgan and Black Rock's of the world start getting involved it's for a couple of reasons. One is they are paperizing it by offering ETF's. That gives them the ability in the future to short it(think of metals)and they also have Lobbyist at their fingertips to get into the governments ear if they can't. Think of the Silver market...there's no logical reason the spot price should not be in the $40-$50 range considering the vaults don't have enough physical in them to back the ETF's at present or at least as I understand it.That’s a rosy outlook.
I think Bitcoin will become prevalent, it isn’t going to render the dollar worthless or destroy the fed. Uncle Sam won’t let that happen.
They’ll pull licenses, funding, or even criminalize it if need be to ensure they get theirs.
I do think it will become more common, but it will be a niche/alternative and not the replacement for the almighty dollar
No.I don't know much about bitcoin, but I have been lucky. Around 8 years ago I heard of bitcoin and bought 10 at around $85 each. I completely forgot about this "investment" until bitcoin took off. I sold half when bitcoin was around $5000 each and kept a tidy profit, and then decided to keep the rest of my bitcoin and play with house money.
From my perspective bitcoin is very overbought and looks like a bubble. I also don't think it is a very secure investment. I wish I knew when to cash in before the bubble pops. I don't understand how people can think this is actually a money substitute useful to escape from the dollar. My understanding is that bitcoin is totally dependent upon the internet. The internet is controlled by government, and government has the ability to shut it down. If FDR was able to confiscate gold in 1933, Joe the Shmoe can confiscate bitcoin in 2021. Is there a flaw in my thinking?
That’s a rosy outlook.
I think Bitcoin will become prevalent, it isn’t going to render the dollar worthless or destroy the fed. Uncle Sam won’t let that happen.
They’ll pull licenses, funding, or even criminalize it if need be to ensure they get theirs.
I do think it will become more common, but it will be a niche/alternative and not the replacement for the almighty dollar
Another billionaire going in on bitcoin:
Norwegian Oil Billionaire Joins the Bets on Bitcoin
Oil billionaire Kjell Inge Rokke has come out strongly in favor of Bitcoin, as he bets the cryptocurrency will prove the best defense against the disruption facing the finance industry and central banking.
Rokke’s Aker ASA, which controls oil and oil service companies and has more recently branched out into green tech and renewable energy companies, is setting up a new business, Seetee AS, to tap into the potential of Bitcoin, according to a statement on Monday.
“Bitcoin may still go to zero. But it can also become the core of a new monetary architecture,” Rokke, Norway’s second-richest person with an estimated $5.4 billion net worth, wrote in a shareholder letter. He says it’s not inconceivable that one Bitcoin could one day “be worth millions of dollars.
“People who know the most about Bitcoin believe its future success is nearly inevitable,” Rokke said.
Rokke’s investment will be small, and Seetee will start with just 500 million kroner ($58 million) in capital. The firm plans to keep all its liquid investable assets in the cryptocurrency.
I hope this does not come off as sarcastic, because I’m genuine. I really am fascinated by your thoughts on Bitcoin.Bingo....other countries are waking up to how bad and corrupt the central bank system is...this is why we have been enslaved by debt for so long....we have been living in this illusionary system for over a century that’s riddled with interest rates, taxes, and debt....a brave new world awaits us where the power is finally returned to we the people...no more taxes, no more debt...it’s cryptocurrency, gold and silver vs the globalists Great Reset....choose wisely
Yeah when someone else controls your digital wallet and funding that goes into it all those stays at the Dubai Marriot and and surrounding Jiggly Rooms will be out the window for you....There is no question in my mind that we are moving towards a currency that gives them complete control over everything we do with zero privacy. The only question is whether it is issued as a US digital currency first, then we get some form of "universal/global" digital currency, or if we go straight to the global version supported by the major central banks around the world that the Fed is in the process of completely owning.
No, i'm not a conspiracy nut, it's going to happen.
And I don't want to here sh!t from the "everything is already digital, what you're saying isn't that different from what we have now" moron gallery. No, it isn't like what we have now, not even close.
Hilton DUBAI Creek... ISLAMABAD Marriott... and Raul's "massage" was charged to my room.Yeah when someone else controls your digital wallet and funding that goes into it all those stays at the Dubai Marriot and and surrounding Jiggly Rooms will be out the window for you....
This is an interesting take. And a logical one as well. I cannot help but feel that governments will only tolerate this for so long. As you know, I’ve been involved in dark web crap for a while, and I cannot help but believe it has been tolerated for as long as it has because it was “small potatoes.” But when that changes.....There is no question in my mind that we are moving towards a currency that gives them complete control over everything we do with zero privacy. The only question is whether it is issued as a US digital currency first, then we get some form of "universal/global" digital currency, or if we go straight to the global version supported by the major central banks around the world that the Fed is in the process of completely owning.
No, i'm not a conspiracy nut, it's going to happen.
And I don't want to hear sh!t from the "everything is already digital, what you're saying isn't that different from what we have now" moron gallery. No, it isn't like what we have now, not even close.
I hope this does not come off as sarcastic, because I’m genuine. I really am fascinated by your thoughts on Bitcoin.
For me, Bitcoin is similar to the early days of the internet when the government didn’t know how to regulate it. We’re still getting there, but they’ve learned to regulate it, and of course, tax it.
I see Bitcoin having the same destiny. Eventually Uncle Sam, China’s Panda, and Putin will find away to get their share of Bitcoin transactions. Government interference is inevitable.
But, your prognosis is very interesting, and scary, because it is a possibility. While we all hate taxes, they are necessary to prevent chaos.
Maybe we get a global currency out of it, perhaps Bitcoin is this generation’s Beanie Babies and becomes nearly worthless, or it lands somewhere in between.