Duke of Marmalade
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- 4,448
If I can get past why a BOHA should have a price at all, I can surely understand why it has to be volatile. As it happens bitcoin has achieved a price - a truly unbelievable price - which has no backing at all except speculation and pump. No surprise that that is a volatile cocktail.I'll take your lack of a response to mean that you understand well why bitcoin has to be volatile over the next few years and that you have no suggestion as to how Satoshi could have designed the digital currency such that this wouldn't be a transitional feature.
We’ll see what the underlying demand is once the speculators and criminals are driven out of the BTC sinking ship in the coming months.
The piece that you're referring to provides evidence as to why they're unlikely to do a full court press re. crypto. Did it escape your attention that they recovered a substantial chunk of the $? That only became possible due to the nature of bitcoin's public blockchain. It's a dream for law enforcement.
Wether you agree or disagree with Fareed’s position (I of course echoed these thoughts weeks ago & agree) - this idea making it to the top of Fareed Zakira & GPS’s show opening is an indicator that this position is now the consensus position in the United States….needless to say Fareed mirrors and is watched by the Washington, DC political liberal elite……who are in case you havent noticed back in control of the White House and Congress.
This is bearish for Bitcoin, very bearish. The USA establishment is coming after this space with all its tools IRS, SEC, DOJ & FED. We’ll see what the underlying demand is once the speculators and criminals are driven out of the BTC sinking ship in the coming months.
That only became possible due to the nature of bitcoin's public blockchain. It's a dream for law enforcement.
There's a certain logic to that i.e. it doesn't matter what you or I think. I'll give you that.It doesn’t matter what you or i think. Hell it doesn’t if matter what’s true or not. What matters is what the people in power think/do and what they think is what Fareed is articulating. Ultra bearish for BTC in short to medium term.
It doesn’t matter what you or i think.
What matters is what some of the people in power think/do and what some of them think is what Fareed is articulating.
Ultra bearish for BTC in short to medium term.
Paul Tudor Jones is not the President of the United States, Fed Chair, SEC Chairman or sits on the congressional committees for banking & finance. I’m not interested, even remotely, in what he says/does or thinks about bitcoin.
PTJ said:"Bitcoin is math. And math has been around for thousands of years. Two plus two is going to equal four and it will for the next 2,000 years. I like the idea of investing in something that’s reliable, consistent, honest, and a hundred percent certain.”
you seem pretty convinced that criminals would want to offload their btc for US$ asap, and I agree with you, tells a story doesn't it?
Do you agree with PTJ that bitcoin as an investment (he is an investor) should be regarded as reliable, consistent, honest, and a hundred percent certain? If yes I would be interested in you citing me examples of its honesty, for example.
Your claim of 'hype' has been outed. The 'complex mathematical equation' phrase doesn't originate from those involved with bitcoin. Secondly, it appears that only those who engage in mathematical snobbery would be bothered - right Duke? The equations are not the point - they're a means to an end.Bitcoin is math - yeah, it solves very complex mathematical equations, we know the hype.
I'm pretty sure you know this already but he's referring to bitcoin's pre-programmed monetary policy - that isn't subject to tampering as opposed to central bank monetary policy - that's at the whims of your central bank high priests."Reliable, consistent and 100% certain"
If someone asks me should they buy bitcoin they are not asking me about its qualities as a technology. They are asking about it virtues as an investment/asset. I trust that even @tecate and @WolfeTone would not describe it as "reliable, consistent and 100% certain".
Except that he's not doing any such thing. He's offering his people - 70% of whom have been locked out of the banking system that you've told us over the past four years is the best thing since sliced pan - the choice of using it should they have a need to do so. He's also encouraging inward investment by offering that choice. Nothing more than that.Interesting that Bukele seems to be encouraging his poor people to go the other way and get outa US$ into btc.
As bitcoin is a protocol, your question defies logic. However, what I can do is provide you with examples of dishonesty relative to central banking. In the lead up to the 2008 financial crisis, we had the Fed's Ben Bernanke and the Treasury Secretary lying about containment of the problem - knowing all the while that wasn't going to be the case. That's one example. But Tudor Jones has been considering inflation risk.Do you agree with PTJ that bitcoin as an investment (he is an investor) should be regarded as reliable, consistent, honest, and a hundred percent certain? If yes I would be interested in you citing me examples of its honesty, for example.
That was silly of me. Clearly you form your views based on state sources. I shouldn't have contaminated your thinking with the views of PTJ. My bad. I'll let you get back to those state-sponsored sources 'informing' your opinion.I’m not interested, even remotely, in what he says/does or thinks about bitcoin.
That was silly of me.
That's exactly what I thought. How could a piece of math be "honest". @tecate it shows that you are not true cultist to have similar doubts, you're not like PTJ.Except that he's not doing any such thing.
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