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Old 02-21-2021, 9:32pm   #41
Will
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Originally Posted by DAB View Post
the US govt has their taxing power and printing press and mint and the military to defend the US dollar.

who or what defends bitcoin?
You're thinking the right way. Bitcoin may stay and may succeed in the long term as a commodity. It will NEVER be a currency. The blockchain will not prevent governments from putting you in a cage at best or putting a bullet in your skull at worst.
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Old 02-21-2021, 11:00pm   #42
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Originally Posted by Dixievet View Post
There are many levels of investing in crypto.

I guess it all depends on how you want to invest. I hold several stocks that are based on Bitcoin and other crypto currencies and I own actual coin.

For the average person, investing in something like MSTR, BITW, GBTC are the simplest methods.
Love ya Dixie, but this continues to just look like a circle jerk to me. I do understand investment in currency but this one does not appear to be any more than a self-eating watermelon. I will be more than happy to lift a toast with you if my Boomer butt lasts long enough to see the light at the end of the tunnel
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Old 02-22-2021, 6:32am   #43
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Question:

why is Electrum ( a version of 4.0.9 ) vulnerable ?

why does a pop up the Red Screen of this platform want to paste this in my browser ?

https:// electrum-4.github.io

Who is trying to harvest my make believe crypto that I don't even own ?

Asking for Friend of a Friend who lives inside my brian or laptop since I called Hunter out for his not being covered by the Fake News . . .
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Old 02-22-2021, 12:55pm   #44
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Originally Posted by ZipZap View Post
Love ya Dixie, but this continues to just look like a circle jerk to me. I do understand investment in currency but this one does not appear to be any more than a self-eating watermelon. I will be more than happy to lift a toast with you if my Boomer butt lasts long enough to see the light at the end of the tunnel
Completely understand. For me, this is at the edge of what I do for a living and investing in things like this means risks. Investing in this is not for everyone, but its adoption will grow; we are still in the toddler stage of cryptocurrency and I feel that we will soon realize its capability as it continues to mature.

Other examples:

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Old 02-22-2021, 4:08pm   #45
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Janet Yellen isn't too sure about bitcoin:

https://www.cnbc.com/2021/02/22/yell...t-bitcoin.html
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Old 02-22-2021, 5:16pm   #46
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Originally Posted by DAB View Post

i can trust a bank or brokerage to keep my money safe from theft or corruption.
Sure 'bout that? Things are gonna get really interesting in the next few years.

If/when the dollar crashes, you won't have to worry about the banks; nobody will want the useless green notes.

Not being a fan boy but no way are we putting our "nest egg" all in one spot.

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Old 02-22-2021, 5:20pm   #47
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“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”

Mining bitcoin requires users to solve complex mathematical equations using high-powered computer setups. The electric consumption used in the process leaves an annual carbon footprint equal to the nation of New Zealand, according to Digiconomist.“

https://www.cnbc.com/2021/02/22/yell...t-bitcoin.html


Oh noes!

“Various government agencies have contemplated the idea of making an alternate digital currency with the hopes that it would open up the global payments system to those who don’t have access.

The Federal Reserve, where Yellen once served as chair, has studied the issue and discussed the possibility of a new digital currency along with a payments system it expects to roll out over the next several years.

I think it could result in faster, safer and cheaper payments, which I think are important goals,” Yellen said.

https://www.cnbc.com/2021/02/22/yell...t-bitcoin.html

There ^ it is. Bitcoin’s time is limited, a beta test for the coming Fedcoin. Might be a good time to take your winnings and invest them in GameStop and Hertz.
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