Oh BTW here's a nice explanation of why illegal immigration is the best kind of immigration, from a free market POV:
You know the phrase "dance like nobody's watching"? Well, Trump lies like no one's fact checking.
Spoiler alert: Trump doesn't rape and murder children. He might be a terrible president but you don't fight back by making up bullshit hysterical accusations.
One small birthday for BCH, one giant independence day for Bitcoin
"I'm politically active in the same way I'm sexually active. Pretty much only at my computer." - Pete Stegemeyer
I don't think you know how IQ or bell curves work: 50% are >100, 16% are >115, 2.5% are >130, etc. The tails are real flat. Only need 170 to be 1 in a million, 190 for 1 in a billion.
An IQ >200 is around 1 in 190 billion, which is more humans than have ever lived. An IQ >300 would occur once in every 10⁴⁰ humans, a population with more mass than the galaxy.
The inventor of Bitcoin must have a very high genius level (IQ ~ 200 to 300) to invent it without using an AI system. He'd have to literally be equal in brains to a computer system.
I don't think you know how IQ or bell curves work: 50% are >100, 16% are >115, 2.5% are >130, etc. The tails are real flat. Only need 170 to be 1 in a million, 190 for 1 in a billion.
Blockchain? More like blockcheese! 🧀
BCH is next in line to have a real life capacity test. BTC and eth have already failed and their price collapsed with it. I ignore xrp cause too centralized
BTC and ETH reaching capacity and then price collapsing are not correlated because the one caused the other but because of a shared cause (a speculative bubble mania which then burst)
Right, and they're not going to want to be USD bag holders after liquidating either - they'll move into solid assets. Commodities, precious metals, aaaaaaannddd Bitcoin!
Yes commodities always rise during economic turmoil. With crypto emerging as an asset class that's very uncorrelated with conventional markets I can see it being used as a safe haven.
Low FED rates = banks use leverage to pump up the stock market. Basically it's as if you bought $5000 of Bitcoin on a credit card and then sent it to Bitmex and 10X leveraged that.
I see... rate hike -> USD money press slows down -> bankers making it rain in the casino/NYSE find their wads of cash are running low -> the party comes to a screeching halt. Nice.
Go watch The Big Short again - no one went to jail, monetary policy carried on as normal. Same bad lending practices - the result will be the same. Rate hike is the hair trigger.
Okay so there's a financial collapse coming and when it happens, investors will flock to crypto to escape. I mostly agree. Can you explain more how the fed rate rise will trigger it?
Combine that with their Social Credit and total automated surveillance of all activity (All activity tied to ID, games,tv,internet, you name it). Automated tracking of all assoiations.
Tinfoil hat time: China hasn't rolled out cameras + facial recognition only cos Chinese tech is still largely ripping off western tech & western FR is notoriously bad with Asian faces
Shitbucks (unlike Bitcoin) have intrinsic value to humans, in the form of wiping your ass with it or burning it to keep warm QED.
In Venezuela if you want to wipe your ass and you have a roll of toilet paper you should sell the roll. The Bolivar is worth less than TP so you'll get more paper & more wipes.
By contrast, fed rate rise = more people save in USD, fewer loans, keeping USD supply (and therefore inflation) low, less money available to buy crypto with.
In summary, the fed has a lever on USD/BTC (fed rate up = bearish for Bitcoin in USD, fed rate down = bullish for Bitcoin in USD).
I would expect the opposite: fed rate down = Bitcoin up. Conventionally, low interest rate = more people borrow = more cash to spend (e.g. on Bitcoin) & USD weakens due to supply rise
By contrast, fed rate rise = more people save in USD, fewer loans, keeping USD supply (and therefore inflation) low, less money available to buy crypto with.
If the fed raises rates to try to wreck Trump's economy before the November midterm elections - Bitcoin is gonna flyyyyyyy
I would expect the opposite: fed rate down = Bitcoin up. Conventionally, low interest rate = more people borrow = more cash to spend (e.g. on Bitcoin) & USD weakens due to supply rise
Also, include posts in sub-threads when checking to see when a topic was last posted in. Some lively conversation happens in sub-threads that're almost impossible to find if the topic is old.
Suggestion: display sub-threads like comment chains on Reddit (below and offset to the right, limited to a few posts before the "show full thread" option appears).
That is a good point, I suppose gold would be preferable if the collapse happened in the US for an american, if the USD got hyper inflated. There are pressure to remove paper USD.
In the US, I would have gold and silver for a backup to USD. In any other country a wad of USD is probably good enough as a backup to whatever shitbuck your banana republic issues.
Remove paper currencies in general to crack down in spending that is not state sanctioned, and to prevent money laundering and capital flow where it is not allowed.
China's cashless revolution (WeChat & AliPay) are a great case study: (public dgaf about privacy) + (govt wants to track all people all the time) = terabytes of spending data per day
And gold+crypto in case of traveling on foot and needing to make purchases where crypto or fiat is not possible.
USD bills would be my go-to for refugee spending money (easier to spend than gold) and crypto for savings (even foreign bank accounts may be frozen by a malicious home government).
