Bitcoin and Crypto Thread

Based_Christian_Dude said:
Yes, no one can confiscate your bitcoin as long as the malicious miners aren't the majority controlling the hashrate, but even governments wouldn't need direct control of Bitcoin anyways to control targeted individuals. Majority of the population are normies (including businesses) who would gladly give their keys to custodians for convenience just as most of the world took mRNA vaccines for convenience. Many exchange runs and collapses have proved this as well. Since Bitcoin is a public chain, those inside the system interacting with those outside will face scrutiny. Chainanalysis tools have already put a few individuals into prison. Sure they can't access the coins, but they can access you and know about your wallet's activities.

news.bitcoin.com

Puerto Rico Court Fines Man $10K Daily for Refusing to Surrender 119 Bitcoin – Legal Bitcoin News

A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC.
news.bitcoin.com news.bitcoin.com

Globalhomo (which includes big banks) have already corrupted Bitcoin. They psyoped the community into refusing to fixed the scalability issue by allowing more bigger block sizes. By not fixing it, this allows "solutions" to settle transactions offchain. That's why there was a big Bitcoin civil war back in 2017 and there's two forks of the Bitcoin project: BCH and BSV.



Anyways, getting back to Saylor, he's not a good man regardless of whether you like Bitcoin or not. The fact he is encouraging wallstreet to get into Bitcoin should not be applauded.

Also, the image of him holding the "Bitcoin commandments" is cringe
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Bitcoin is not just based on one single country though, Im not saying it cant happen but it would be a HUGE scheme that would have to happen.

If I were the bad guys and I wanted to get rid of bitcoin I would just make it impossible to access the internet or use any device that connects to the internet without my permission, so If I black list your finger print or your face you wont be able to unlock your phone or get an internet connection and close any loop holes, so your bitcoin would be untouched but you would never be able to access it or use it.

This will most probably happen one day, I think the prophesies of the Bible predict this and it includes any and all kinds of trading, it hasnt happened yet so we continue business as usual until that day comes whenever that may be.
 
Based_Christian_Dude said:
Yes, no one can confiscate your bitcoin as long as the malicious miners aren't the majority controlling the hashrate, but even governments wouldn't need direct control of Bitcoin anyways to control targeted individuals. Majority of the population are normies (including businesses) who would gladly give their keys to custodians for convenience just as most of the world took mRNA vaccines for convenience. Many exchange runs and collapses have proved this as well. Since Bitcoin is a public chain, those inside the system interacting with those outside will face scrutiny. Chainanalysis tools have already put a few individuals into prison. Sure they can't access the coins, but they can access you and know about your wallet's activities.

news.bitcoin.com

Puerto Rico Court Fines Man $10K Daily for Refusing to Surrender 119 Bitcoin – Legal Bitcoin News

A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC.
news.bitcoin.com news.bitcoin.com

Globalhomo (which includes big banks) have already corrupted Bitcoin. They psyoped the community into refusing to fixed the scalability issue by allowing more bigger block sizes. By not fixing it, this allows "solutions" to settle transactions offchain. That's why there was a big Bitcoin civil war back in 2017 and there's two forks of the Bitcoin project: BCH and BSV.
Click to expand...
There’s dozens of forks of bitcoin, none of which have much value.
Based_Christian_Dude said:


Anyways, getting back to Saylor, he's not a good man regardless of whether you like Bitcoin or not. The fact he is encouraging wallstreet to get into Bitcoin should not be applauded.

Also, the image of him holding the "Bitcoin commandments" is cringe
Click to expand...

He is encouraging businesses because he has a business, it’s just education. Why is that a bad thing?
Using fiat debt to buy assets is how wealth is built. None of that is inaccurate or deceptive. Use depreciating fiat to buy appreciating assets.
 
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GoodShepherd said:
Bitcoin is not just based on one single country though, Im not saying it cant happen but it would be a HUGE scheme that would have to happen.

If I were the bad guys and I wanted to get rid of bitcoin I would just make it impossible to access the internet or use any device that connects to the internet without my permission, so If I black list your finger print or your face you wont be able to unlock your phone or get an internet connection and close any loop holes, so your bitcoin would be untouched but you would never be able to access it or use it.

This will most probably happen one day, I think the prophesies of the Bible predict this and it includes any and all kinds of trading, it hasnt happened yet so we continue business as usual until that day comes whenever that may be.
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That my friend is impossible. All you need is a meshtastic router, or starlink, or any number of gizmos to access the internet anywhere on earth. Governments have already lost this fight.

Bitcoin is not going to be optional, just like electricity or the internet - if your government wants to become Haiti, then people with bitcoin will just leave. Bitcoin gives you options, just like guns, money, and brains.

China hates the internet, but they can’t turn it off for their citizens. European leaders hate fossil fuels, but as we shall see, the consequences are going to lead to the collapse of those governments. Bitcoin isn’t going to be optional. You take the orange pill or it will be the orange suppository.

China and India could not hold back the West’s gold with their silver. They became a vassal and a colony of the west for a century. The Africans could not hold back European gold with their glass beads. They sold each other into slavery for progressively more worthless beads. The natives in America couldn’t hold back European coins with wampum. Hard money rewards its users, and impoverishes the users of soft money - not in most cases: in every case.

Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.

My first house I bought, only 19 years ago. I had a 20 year mortgage on it. The USD has devalued so much, that I could pay that entire home loan amount with 2 months pay. I figure if I take out a mortgage to buy bitcoin, if I need to pay off the note in 30 years, 1 paycheck should do the trick. Nothing wrong with fiat if you use it correctly.
 
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chance vought said:
That my friend is impossible. All you need is a meshtastic router, or starlink, or any number of gizmos to access the internet anywhere on earth. Governments have already lost this fight.

Bitcoin is not going to be optional, just like electricity or the internet - if your government wants to become Haiti, then people with bitcoin will just leave. Bitcoin gives you options, just like guns, money, and brains.

China hates the internet, but they can’t turn it off for their citizens. European leaders hate fossil fuels, but as we shall see, the consequences are going to lead to the collapse of those governments. Bitcoin isn’t going to be optional. You take the orange pill or it will be the orange suppository.

China and India could not hold back the West’s gold with their silver. They became a vassal and a colony of the west for a century. The Africans could not hold back European gold with their glass beads. They sold each other into slavery for progressively more worthless beads. The natives in America couldn’t hold back European coins with wampum. Hard money rewards its users, and impoverishes the users of soft money - not in most cases: in every case.

Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.

My first house I bought, only 19 years ago. I had a 20 year mortgage on it. The USD has devalued so much, that I could pay that entire home loan amount with 2 months pay. I figure if I take out a mortgage to buy bitcoin, if I need to pay off the note in 30 years, 1 paycheck should do the trick. Nothing wrong with fiat if you use it correctly.
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Im just giving the worst case possibilities of what could happen, this would obviously not only affect bitcoin but EVERYTHING if that were to happen which will definately happen some day but only during the rule of the anti Christ which we dont know when will happen, modern day saints like saint Paisios who died in 1994 explained this in great detail when he explained that it would be impossible to actually buy or access anything without receiving this "mark" of the beast, so imagine not being able to access stargate without somekind of biometrics system, or not being able to pay for your water or electricity because you have to go through the biometrics systems to do the payment but unless this mark of the beast is voluntarily accepted by us then we wont have access, something like that.

When this will happen we dont know so we carry on business as usual, we carry on living, getting married, having babies, working, have a bank account, get bitcoin, eventually like Michael Saylor said take fiat loans against your bitcoin which is basically tax free money that you can spend as loans cant be taxed, or or move to tax free crypto countries, spend your crypto there and buy your houses and cars from those countries so you can have them when you go back home, whatever.
 
chance vought said:
Users of bitcoin will continue to be rewarded, while users of fiat will continue becoming poorer.
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Demonstrably false. You, a high IQ outlier techy who loves and understands the BTC video poker game and plays it as an entertaining hobbie will continue to be rewarded (until you aren't), but many have already lost their ass on BTC and crypto and have forever dipped. But I a user of fiat are getting controllably and predictably wealthier everyday. Yes, the US dollar loses value but I keep making more of them thus significanly out pacing fake-flation. In the real world on the ground economy I'm paying 50% less for eggs, bread, gas, electricity, and housing then I was in the 1990's by using mostly untaxable, untraceable cash. Don't ask me "how?" as we all know how, it's via entreprenuership involving manual labor that provides an affordable high quality product or service to people and/or solves a problem for people in which one requests (low key demands) that the customer pays in cash. Cash is king, bitcoin is bling.
 
PurpleUrkel said:
but many have already lost their ass on BTC and crypto and have forever dipped. But I a user of fiat are getting controllably and predictably wealthier everyday.
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No they haven't. That's like saying people lost their ass even though the equities markets went up for 15 years. Something goes up over the long term and you blame the market, not the people who happened to lose? Beyond bizarre. You keep making arguments that quite literally make no sense.
PurpleUrkel said:
Don't ask me "how?" as we all know how, it's via entreprenuership involving manual labor that provides an affordable high quality product or service to people and/or solves a problem for people in which one requests (low key demands) that the customer pays in cash.
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I love this argument. Fiat is great BUT I have to do underground or black market things to have a better life. Look at me, this economy is so great - oh yeah, not really the actual economy, but some thing I've carved out. It' a funny "learn to code" argument while claiming the "system" is legit. LOL! I have no problem at all with what you are doing, but it actually contradicts the argument you think you are making, which is actually hysterical in the literal sense.
 
PurpleUrkel said:
Demonstrably false. You, a high IQ outlier techy who loves and understands the BTC video poker game and plays it as an entertaining hobbie will continue to be rewarded (until you aren't), but many have already lost their ass on BTC and crypto and have forever dipped. But I a user of fiat are getting controllably and predictably wealthier everyday. Yes, the US dollar loses value but I keep making more of them thus significanly out pacing fake-flation. In the real world on the ground economy I'm paying 50% less for eggs, bread, gas, electricity, and housing then I was in the 1990's by using mostly untaxable, untraceable cash. Don't ask me "how?" as we all know how, it's via entreprenuership involving manual labor that provides an affordable high quality product or service to people and/or solves a problem for people in which one requests (low key demands) that the customer pays in cash. Cash is king, bitcoin is bling.
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Assuming you are able to work, forever. How do you save? How do you store the excess value that you provided in the past, in order to use in the future? If you get sick, old, or have an emergency? Fiat works for a year or so, but what about 10 years?
 
chance vought said:
Assuming you are able to work, forever. How do you save? How do you store the excess value that you provided in the past, in order to use in the future? If you get sick, old, or have an emergency? Fiat works for a year or so, but what about 10 years?
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If I am not mistaken from other posts he has made Purple Urkel owns some precious metals so I assume he has short term savings in fiat and longer term savings in precious metals.
 
PurpleUrkel said:
Yes, the US dollar loses value but I keep making more of them thus significanly out pacing fake-flation. In the real world on the ground economy I'm paying 50% less for eggs, bread, gas, electricity, and housing then I was in the 1990's by using mostly untaxable, untraceable cash.
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Most people cannot do this. You are part of the minority that can live like this. Most people take a regular job and pay taxes etc. Not everybody has the skill-set to for example work as a handyman for cash etc. 90%+ of people have to work normal corporate jobs where they pay taxes and their wages go down in real terms because their pay increases they get do not keep up with inflation. In most western countries including the U.S.A. the average wage today buys you 1/4 of the ounces of gold that the average wage would have bought you in 1971 when Nixon severed the last ties to the partial gold standard.
 
Australia Sucks said:
Most people cannot do this. You are part of the minority that can live like this. Most people take a regular job and pay taxes etc. Not everybody has the skill-set to for example work as a handyman for cash etc. 90%+ of people have to work normal corporate jobs where they pay taxes and their wages go down in real terms because their pay increases they get do not keep up with inflation. In most western countries including the U.S.A. the average wage today buys you 1/4 of the ounces of gold that the average wage would have bought you in 1971 when Nixon severed the last ties to the partial gold standard.
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Yes, even though I'm more independent now, I always laughed at the friends that just told everyone that they should "not work for the man". That's like the self help gurus telling you that if you do X you'll get the girl. But worse, since it's more obvious that by definition once more do it, it all of a sudden isn't ... the same thing, people react, governments do, etc.

It's amazing I have to even explain this.
 
chance vought said:
How do you save? How do you store the excess value that you provided in the past, in order to use in the future? If you get sick, old, or have an emergency? Fiat works for a year or so, but what about 10 years?
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As stated before I "invest" my money into tools and land with timber (for wood) and swift flowing creeks (for hydro-electricity). I get most everything second hand as I am in the "junk" business (think Sanford & Son crossed with American Pickers). I have 50+ "vintage" made in USA skillsaws that I paid less than $10 each for, 4 Honda 5000 watt generators, 3 (working on a 4th) 2004 3rd generation 4x4 V8 Toyota 4Runners that I have less than 20K into (one of the best years for 4Runners, my main driver has 400K+ miles on it), a 1970's Marantz turntable stereo system that currently resells for 10K that I have less than $500 into, over 300 pairs of vintage Levis with an estimated value of 100K, etc. I keep all of this in a 4,000 square foot warehouse in an unincorporated county of the US with low property taxes.

As for illness, I do in fact currently rely on government subsidized healthcare. Nothing I can do about that. Don't hate the player, hate the game.

Australia Sucks said:
Most people cannot do this. You are part of the minority that can live like this. Most people take a regular job and pay taxes etc.
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Kinda true. Anybody can learn to live off-grid and unplugged from The Matrix but they must train like a Navy Seal for several years to build up their tolerance for discomfort and recondition their need for constant sense pleasure and entertainment. For example, I have spent about 5 years of my life living out of a car. I did this by choice as a strategy to "get ahead" by seemingly falling behind. I have built very beautiful and comfortable secret "tree forts" in state and national forests and lived in them rent/mortgage free for years on end. Again, I did this by choice and as a strategic move to not be personally involved in funding endless talmudic war (taxes) and to build specific skill sets to help me thrive in times of economic crisis which we all agree are coming sooner than later.

The goal is control. With money, whether it be fiat or BTC, another great depression could wipe everything out leaving one with zero control. This is why I advocate for turning your money into tools of survival before its too late. I'm not saying its all going down, but it's at least a 10% possibility. Better to be safe than sorry. Prepare for the worst, pray for the best.
 
Anyone have any suggestions on what crypto might be a good buy with markets crashing? And with the US market going to potentially crash when it opens?
 
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