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Captain Bum face
April 16, 2021 at 6:05 pm
More communist crimes
Captain Bum face
April 16, 2021 at 6:08 pm
Defund the SEC
FUNKYFRESH707
April 16, 2021 at 6:11 pm
Shhh(XRP)
skyak
April 17, 2021 at 9:47 pm
XRP sued because coins backed by less than full value -but BTC is on books at companies at billions of dollar value, but backed by absolutely nothing! Regulatory failure!!!!
Metacognition88
April 16, 2021 at 6:14 pm
Gold, silver and bitcoin Are trash. Cash is king son.
JustWatch124
April 17, 2021 at 7:38 pm
Sure thing Jan.
mrPmj00
April 16, 2021 at 6:31 pm
Profitable companies are Amazon, Apple, Facebook, Nvidia, Microsoft, Netflix, Zoom so these are the stocks you want to own.
Also buy Wells Fargo, Disney for the recovery.
Charles Brightman
April 16, 2021 at 6:41 pm
Question: How are crypto currencies going to be accessed and spent, ‘when’ not ‘if’, the internet goes down due to the Earth’s magnetic field weakening, the Earth’s magnetic poles moving and all the related magnetism issues? Plus, crypto currencies are not backed by things like the FDIC.
H. C
April 17, 2021 at 2:23 am
The blockchain has no geographical boundaries. If there’s a blackout in NY it doesn’t mean it will in Jakarta Indonesia or Iceland at that same time. To kill Bitcoin you need to kill the worldwide internet. Remember the movie the “Matrix” if there was one that would be the blockchain in real use cases.
skyak
April 17, 2021 at 7:12 pm
Bitcoin is for the fantasy land where governments and modern institutions have all failed, but somehow advanced semiconductor fabrication carries on and electricity is cheap and abundant. Bitcoin is the dinosaur of cryptocurrencies -past due for extinction.
Charles Brightman
April 18, 2021 at 12:18 am
@H. C Don’t you understand, it would be a global event. Satellites go down, satellites go down.
Charles Brightman
April 18, 2021 at 12:19 am
@skyak Again though, how is electronic currencies going to be accessed and spent when the internet goes down?
skyak
April 18, 2021 at 8:54 pm
@H. C Wrong! To kill bitcoin, all you need to do is control more than half the computing power used to generate a block. If more than half will agree, they can give any amount of BTC to anyone they want. Fixing the theft is impossible and trying is as difficult as the theft.
skyak
April 18, 2021 at 8:57 pm
BTW between 60 and 90% of BTC mining has been in China under the control of CCP for years, and now the CCP has it’s own digital Yuan. The next obvious step is to destroy BTC….
Charles Brightman
April 18, 2021 at 9:29 pm
@skyak Well a few things:
a. Russia is already moving away from the US dollar as a reserve currency and I have heard other nations want to follow suit.
b. China’s economy is supposed to pass the US’s economy later this century, (assuming mass extinction type events do not occur).
c. BTC I have heard some people say is a way to store money.
d. Seems to me that cypto currencies might become a reserve currency one day, and if it’s China’s digital Yuan, it will be China’s digital Yuan.
* Destroying a nation’s currency can destroy a nation’s economy.
skyak
April 19, 2021 at 12:15 am
@Charles Brightman a. Russia has never accepted the US dollars reserve currency status. Any movement is irrelevant. in their mind the only thing worse than the dollar is the Yuan, followed by the Euro…
b. China has openly opposed and challenged the dollars reserve currency status for a decade. At the same time they have accumulated ~$3T of US gov bonds. I am quite surprised that in all the chest pounding and tariff talk of the Trump admin. China never even threatened the Bond market. What they are doing is working so they use the bonds to manage their exchange ratio. China can tank the dollar any time they want to give up their biggest, most open customer. The US is waking up to that fact but far from doing what it takes to mitigate. The reserve currency is the dollar and not the Yuan because the world likes the US currency policy better than the China policy.
c. People who say BTC is a store of value are corrupt or stupid.
d. Fiat currency only has value due to the rule of law backing it. institutions that offer things you want can issue such IOUs. China rules over great manufacturing capabilities, but their one party system and legal control limit desirability of the Yuan outside their borders.
Charles Brightman
April 19, 2021 at 12:30 am
@skyak a. This was per a recent YT post about a few months ago. I assumed Russia had at least some US reserve currency due to they were leaving some of it behind.
b. So, why is the USA buying goods from China if China is the US’s ‘enemy’? ‘Funding the enemy’, now there is a stupid strategy. Of course also, China funding US’s debt, now there might be a stupid strategy on China’s part if they see the US as the ‘enemy’.
c. I agree. Once the grid and internet go down, they won’t be able to access or spend their crypto currencies. (Due to Earth’s magnetism issues).
d. The USA’s reputation backs it’s currency. Under Trump, he alienated America’s allies and emboldened America’s enemies, exactly opposite of what he should have done. And America’s ever growing national debt would not seem to help it’s reputation in this world, of which also, if America is supposed to be so much of a financial wizard, then why are they in so much ever growing debt and have countries like China funding in part it’s debt? People seem to say one thing but the activity seems to indicate otherwise.
kim ingay
April 16, 2021 at 6:43 pm
How ? I don’t have a team members and group’s of people Ally’s to supports and supporting to back up me I’m just alone individual to fights and Fightings to those people members team Ally’s groups plus company behind the scenes! That’s why I knocking to touch and touching your hearts to helps me as my members teams Ally’s groups to distributions and contributions to saves and savings lives people’s around the world to get vaccinations and vaccinated for the people around the world
Charles Brightman
April 16, 2021 at 6:43 pm
Question: Are global crypto currencies just another way to steal a nation’s wealth to a place outside of the respective nation?
skyak
April 18, 2021 at 8:44 pm
That is the primary motivation. That is why I expect the regulations of developed nations to reject giving any property or enforcement rights to cryptos that don’t comply with their laws. BTC will be banished from developed nations along with any other “proof of work” baseless fiats.
Charles Brightman
April 18, 2021 at 9:16 pm
@skyak Okay thanks.
David Marquez - Personal Finance & Investing
April 16, 2021 at 7:27 pm
Regulation usually comes very, very slowly, but it ends up arriving more often than not.
Mike
April 16, 2021 at 10:37 pm
They are already regulated…. clear rulings on bitcoin from all agencies. Bitcoin is not a security.
skyak
April 17, 2021 at 7:04 pm
Only because it has no backing, and no value. For companies to claim it has value on a balance sheet, it becomes a security that must meet regulations.
Mike
April 17, 2021 at 11:44 pm
@skyak lol ok. Just keep watching it go up from the sidelines then. Do you realize how arrogant it is to say that $1T market is completely wrong…must be tough being so dumb and closed minded.
Math:matic-al Physic-al Chemic-al Bio.logic-al
April 17, 2021 at 9:57 am
By regulation, they really mean adoption, or miss the proverbial ship, departing with or without them.
skyak
April 17, 2021 at 7:01 pm
By regulation they mean replacing and policing. If it is backed by nothing, that is what it must count on balance sheets -nothing!