Originally posted by @Jim K.:
Originally posted by @Matt R.:
Originally posted by @Jim K.:
Originally posted by @Matt R.:
Originally posted by @Jim K.:
Originally posted by @Ross Bowman:
Originally posted by @Jim K.:
I am really getting sick of the crypto-cryptocurrency-pimping on this site.
If you think this is crypto-currency-pimping, you should check out reddit and twitter.
I actually think the discussion about it is pretty even-keeled here and I've never seen any outright shilling.
It's something we SHOULD be talking about it, as you can already borrow against your bitcoin and use it for RE projects. It will only become more relevant to the RE world over time, so it's good to learn about it.
POWER IS NEVER INNOCENT. Cryptocurrency WILL be shut down. FDR robbed the rich of their gold holdings. You will be robbed of your Bitcoin holdings, one way or the other. You live under a repressive social order that will crush you when you challenge it. Your neck has yet to feel the government's jackboot on it, that's all. You are all soft ivory-tower dreamers imagining you live in a fair and just society that will gradually give way to an even fairer, more just society, because it's best for its people. For the children. For all mankind. Happy days in a happy land of endless flowing rivers of milk and honey and Bitcoin.
Anything's possible however the number of billionaires and large insitutions including Americas oldest bank and insurance company that are putting bitcoin on their treasuries currently, the gov shut down risk is perhaps less likely today. (Lobbyist money)
In terms of math it was riskier not to own bitcoin and this is why the big money is coming and or already in today. It is no longer about one persons opinion, it's just investment math and that math is no longer being ignored by most investors today.
The oligarchs thought they could fight Putin, too. Oopsies.
I get what you are saying. Today some think this is less likely perhaps as a country would only be shooting themselves in the foot not to being able to tax it if they banned it. If one country decided it was illegal, another country would fill in quickly as the goto option is the working theory. There is competition for the best conditions for it. We are already seeing that on the state level with a couple states favoring crypto as to capture some of that new mula and mining opps. The same is happening with other countries as well. Maybe it is not about being the only worlds currency as it is about being private property unencumbered from any one governments manipulation. Keep in mind one of the known major appeals of bitcoin is it is unconfiscatable. The statement crypto currency will be shut down, that chance has already passed might be where we are actually at presently.
In the way you think about politics and economics, is there any room for amoral thugs with guns who make other people do what they want? You sound for all the world like a late nineteenth century intellectual arguing in vague, macro terms that socialism is obviously the next inevitable step in the human condition as we progress from being to spirit. I don't mean to be insulting. There's just no nastiness in your understanding of how the powerful stop being powerful, and there should be.
This is exactly one of the issues bitcoin solves. It does not require an army to defend it nor the expenses of such army. When the powerful ( Soros and types) already own it as they do now and more and more everyday, the threat to them stopping from being powerful part is mostly over.
I get your thinking still, although the days of banning are pretty much over by all accounts. Even the 1% of countries who entertained that idea have reversed this course or are in the process. In a nut shell, it is fiscally counterproductive to ban now. All this sort of reminds me of the legal weed dealio, ...it's kind of game over there too as far as if legalize can happen.
In other words the writing is on the wall. We have a new asset class for the first time in 400 years. The chances of it being shut down now are nearing zero %.
