Crypto currency

LoyalGatorFan

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UK and Poland stocking up on gold by the way....article by Marketwatch discussing how Americans might be pouring 40 billion into Bitcoin in the future....once Bitcoin takes off for good, I expect precious metals to follow
 

BMF

Bad Mother....
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BTC is about to break $60k again. Unbelievable!
 

GatorCatsi

¡No más tacos gratis!
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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.
Don't know if you're into fiction, but this book was amazing.

Amazon product
In 2029 the United States is engaged in a bloodless world war that will wipe out the savings of millions of American families. Overnight, on the international currency exchange, the "almighty dollar" plummets in value, to be replaced by a new global currency: the "bancor". In retaliation the president declares that America will default on its loans. With "Deadbeat Nation" being unable to borrow, the government prints money to cover its bills. What little remains for savers is rapidly eaten away by runaway inflation.

The Mandibles have been counting on a sizable fortune filtering down when their 97-year-old patriarch dies. Once the inheritance turns to ash, each family member must contend with disappointment but also - as the US economy spirals into dysfunction - the challenge of sheer survival.

Recently affluent, Avery is petulant that she can't buy olive oil while her sister, Florence, absorbs strays into her cramped household. An expat author, their aunt Nollie returns from abroad at 73 to a country that's unrecognizable. Her brother, Carter, fumes at caring for their demented stepmother now that an assisted living facility isn't affordable. Only Florence's oddball teenage son, Willing, an economics autodidact, will save this formerly august American family from the streets.

The Mandibles is about money. Thus it is necessarily about bitterness, rivalry, and selfishness - but also about surreal generosity, sacrifice, and transformative adaptation to changing circumstances
.
 

UFHealthGator

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Interesting article. I'm afraid it will take someone with a lot more knowledge than I to say whether this is a valid fear or not.
Bitcoin’s Greatest Feature Is Also Its Existential Threat

This has been talked about for many years now. It looks like every time Bitcoin hits a new all time high, these articles come back up. It started with the whole "it is bubble run for your lives", then moved on to "it consumes a lot of energy run for your lives", then it went to "India and other Governments will ban it", "China controls it / Putin conspiracy" and now the flavor of the week is the whole "but what about illegal leaks and sexual predators"?

It is literally impossible to block access to the public ledger blockchain, unless every country around the world unanimously decides to ban it. What about other blockchains? It's like trying to block the entire web. Also the idea that Disney will just sue every miner out there is laughable. Disney despite its deep pockets would go bankrupt in legal fees before they get anywhere near blocking 10% of the Bitcoin network.

It definitely sucks that you can just embed whatever illegal crap you want into the blockchain. I think eventually we will see a consensus solution rather than extensive number of forks like the article suggested.

Just think about this logically. Everyone that mines bitcoin is highly invested in this asset and wants its continued success, because their existence depends on it. Forking it will not be of benefit to them. If it becomes a major issue, a simple consensus solution could go forward that would allow for some form of censorship that is based on a majority vote by the miners and developers.

Either way, if you are interested in every mainstream article and obituary for bitcoin since its inception, boy do I have some reading material for you:

Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
 

BMF

Bad Mother....
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I saw this on a blog:

Test your knowledge of Bitcoin trivia

A big new report about cryptocurrencies by Bank of America landed on our desk this week. Here are three stats that caught our eye, in quiz form. (Scroll to the end of the email for the correct answers.)

1. How much of a net inflow does it take to raise Bitcoin’s price by 1 percent?

A) $93 million
B) $930 million
C) $9.3 billion

2. Bitcoin’s annual energy consumption is equivalent to that of which country?

A) Australia
B) The Netherlands
C) Chile

3. 95 percent of all Bitcoin is held by what share of crypto wallets?

A) 50 percent
B) 20 percent
C) 2 percent


----

Answers to the crypto quiz, according to Bank of America:

1. A ($93 million). It takes 20 times more to move the price of gold by a similar amount.

2. B (Netherlands). Put another way, the annual carbon emissions of the Bitcoin network is roughly the same as American Airlines.

3. C (2 percent — or 2.4 percent, to be exact). In contrast, the top 1 percent of Americans control about 30 percent of all household wealth.
 

Concrete Helmet

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No doubt that the Gov. will start having their buddies at Chase and BOA load up on BC so they can manipulate the price just like gold and silver....btw I just heard the 2022 American Silver Eagle coins will have a new built in security feature from the US mint...
 

BMF

Bad Mother....
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No doubt that the Gov. will start having their buddies at Chase and BOA load up on BC so they can manipulate the price just like gold and silver....btw I just heard the 2022 American Silver Eagle coins will have a new built in security feature from the US mint...

As a Treasury employee, the US Mint comes over once a year (usually the holidays/December) and allows employees to buy uncut sheets of money, coins, gold, etc. I've never been there when they did it though. I want an uncut sheet of one dollar bills for framing. They also have little bags that they give out as souvenir's of shredded money.
 

Concrete Helmet

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As a Treasury employee,
:eek3: Did I ever mention how much I love the US Treasury....and I sold all my silver and gold this afternoon while the price was up slightly....and those small piles of dirt in my yard are just areas where I'm putting in new plants....
 

BMF

Bad Mother....
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:eek3: Did I ever mention how much I love the US Treasury....and I sold all my silver and gold this afternoon while the price was up slightly....and those small piles of dirt in my yard are just areas where I'm putting in new plants....

I'm not IRS.....
 

Gator By Marriage

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As a Treasury employee, the US Mint comes over once a year (usually the holidays/December) and allows employees to buy uncut sheets of money, coins, gold, etc. I've never been there when they did it though. I want an uncut sheet of one dollar bills for framing. They also have little bags that they give out as souvenir's of shredded money.
I have no idea if they shut it down because of the Chinese flu, but if you’ve never done it, the tour at the Bureau of Printing and Engraving is pretty cool and worth doing before you leave DC.
 

BMF

Bad Mother....
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I have no idea if they shut it down because of the Chinese flu, but if you’ve never done it, the tour at the Bureau of Printing and Engraving is pretty cool and worth doing before you leave DC.

I've never done that. I'm sure it's closed down right now though - DC is dead. My drive in is a breeze (coming home seems normal traffic though - not sure where everyone is in the morning). The Treasury building is pretty cool too. It's not easy to get a tour of it. The 'cash room' is neat - that's where Grant's inauguration was held. Being a pre-Civil War building it's pretty unique.
 

no1g8r

Bringing Reason to the dumb masses
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You might look into this one. It's an app, and is easy to access with a password and user name, but has great security.

Home - Edge

i see that Edge & Moonpay are offering a 0.5% fee for the first purchase via Applepay before the end of March. I’m thinking about dropping $10k or so into it this week, if I can find more details. It will be my first foray into crypto.




ETA: Apparently Moonpay has a $5500 daily cap, so that would be the most one could put in and take advantage of the low 0.5% fee
 
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BMF

Bad Mother....
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Sep 8, 2014
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i see that Edge & Moonpay are offering a 0.5% fee for the first purchase via Applepay before the end of March. I’m thinking about dropping $10k or so into it this week, if I can find more details. It will be my first foray into crypto.




ETA: Apparently Moonpay has a $5500 daily cap, so that would be the most one could put in and take advantage of the low 0.5% fee


What is the usual fee these sites charge for buying BTC? I added .01% today ($550) since it dipped under $55k.
 

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