Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Daezuel
Potato del Grande
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Wingz
Being Poor Sucks.
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Shiba Inu price today, SHIB to USD live price, marketcap and chart | CoinMarketCap
The live Shiba Inu price today is $0.00001882 USD with a 24-hour trading volume of $560,957,379.20 USD. We update our SHIB to USD price in real-time.coinmarketcap.com
The fuck is going on with Shiba today
Looks like someone made a big sale, maybe one of the whales. Dropped from a consistent 5000 to 4500 pretty much instantly. At least it bounced back up most of the way.
Other than today it was bouncing back and forth in the 5000's the last few days. My cost basis is like 7100 so maybe I should try swing-trading it in the 5000's to get that number down. Probably won't though, more likely to let it sit until the next big jump. I'm hoping it repeats what Doge did and culminates this drought by 10x-ing before stabilizing. My exit goal is like 2x what I put in, which is either over-optimistic or severely under-selling it.
My SHIB investing inspiration:
The shit you run across at 2 AM in the YouTube recommended side tab:
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Mist
REEEEeyore
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It would almost certainly be an extremely bad thing for every citizen of the United States.
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Except those who have been preparing....
The fact is we have only been able to exploit the global financial system for this long because post Bretton Woods the US being the global reserve currency has allowed us to bully the world because "If we fail, you ALL fail!" If you ever want a stable global economy the concept of a governmentally controlled central bank has to go.
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Mist
REEEEeyore
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I promise that you are not prepared to live in a failed state.
There will never be "a stable global economy." The whole point of capitalism is poorly controlled creative destruction. Besides, we don't actually want to live in a world with an economy that's fair. In a world that's fair, 4% of the world's population doesn't get to use 20% of the world's resources.
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Flobee
Vyemm Raider
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Only if it happens too fast. Ideally the transition is fairly slow and people have time to adjust. I'm not confident that it will be slow though unfortunately. As of now US holds a lot of BTC + mining power.
That's dumb commie talk. I'm fairly confident you know better. Capitalism at its core is just deferring to the free market when deciding winners and losers. Capital is allocated to those that provide value to society. It certainly has its flaws (such as the kind of crony capitalism we've devolved to today) but its the best system we've had yet. That poorly controlled creative destruction you see is orchestrated by a power structure I would say is much closer to communist than capitalist.
Mist
REEEEeyore
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Are you just fucking dumb? Everything you said here is contradictory. Like every single sentence contradicts the one before and after it.
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Mist
REEEEeyore
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The idea that new business models and human activity are constantly disrupting, up-ending and eventually tearing down old business models, that the future is inherently unpredictable economically, and stability is a myth. So basically just capitalism.
Crypto is not going to to stabilize capitalism, because the whole point of capitalism is to constantly be disruptive. The idea that there will ever be a "stable global economy "is a joke. A stable global economy would require global socialism, so unless you think crypto is actually the secret plot of the globohomos, the idea that it would stabilize the world economy is a fucking joke.
No one who believes in capitalism actually wants a "stable global economy." And if you're an American you definitely want a global economy that's rigged in your favor. I don't think most Americans could even compete in a flat world.
Arden
Blackwing Lair Raider
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I see. I think you might be misunderstanding capitalism though. A certain amount of disruption is a byproduct of capitalism, but disruption definitely isn't the "point" of capitalism. The point of capitalism is pretty straightforward: let the best man win. Allow consumers the freedom to choose the products they want, and the companies with the most value naturally rise to the top. This stimulates competition and innovation, which can definitely disrupt markets in a really GOOD way. It doesn't have to be disruptive though. If a company manages to produce a superior product consistently and over a number of years, you might run into a situation where the same company corners a market for years (lots of examples of this). In these situations, there might be little disruption in that particular market.
Besides, disruption and instability can happen in any economic paradigm. Financial stability depends far less on economic models than it does on other issues, both local and global.
reavor
I'm With HER ♀
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In a world that's fair, those who work hard and have made the smart decision to move to a place with bountiful resources and fought to keep them will be able to use it for their future generations. a world that is fair is not working against those who work hard.
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Tmac
Adventurer
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Im glad you wrote this. It exposes the fact that you genuinely don’t understand what Bitcoin promises to do.
The major problem that Bitcoin promises to solve, within the system that you describe, is having sound money to measure value against.
There’s nothing wrong w the chaos of capitalism. The problem is that we no longer have sound money to measure value against, bc we use fiat Monopoly money.
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Rajaah
Honorable Member
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A lot of globalists are anti-crypto. Yet crypto could be extremely beneficial to the globalist agenda. Global internet currency that doesn't have borders, etc. I would think that globalists like Hillary would be all for the success of crypto for that reason.
Caliane
Avatar of War Slayer
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Globalists aren't anti-crypto. they are anti-crypto they don't control. they love the idea of paperless money, that requires their machines to make any use of.
also, yes the US dollar being the worlds currency is very good for Americans. that should be obvious.
also, yes the US dollar being the worlds currency is very good for Americans. that should be obvious.
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Flobee
Vyemm Raider
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Sovereign nations issuing Bitcoin backed bonds is the death of the IMF lending monopoly. Bonds issued against future mining revenue (from Volcano energy, 100% sustainable) to recapitalize the countries balance sheet. Going to change the world
www.theblockcrypto.com
EDIT: This effectively allows a country with no valuable exports (Oil, gas, debt, labor, whatever) but does have stranded energy sources, to export that energy in the form of Bitcoin mining. Not only will this challenge the IMF's control over international lending markets through their SDR's but it bring more of the world's population into the first world.
El Salvador government strikes deal with Bitfinex, Blockstream to issue $1 billion bitcoin bond
El Salvador has struck a deal with crypto firms Blockstream and iFinex to advance its efforts in the bitcoin market. The country is set to issue
EDIT: This effectively allows a country with no valuable exports (Oil, gas, debt, labor, whatever) but does have stranded energy sources, to export that energy in the form of Bitcoin mining. Not only will this challenge the IMF's control over international lending markets through their SDR's but it bring more of the world's population into the first world.
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Arden
Blackwing Lair Raider
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Describe what you think would change in America if the world began adopting BTC as the global reserve currency.
Mist
REEEEeyore
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US debt would become unservicable. The government would become insolvent. It would default on its debt. Every other country that owns a large amount of US bonds would take a massive hit, along with every person and corporation within the US. Inflation would skyrocket at rates seen only in places like Zimbabwe and Venezuela, as US dollars become increasingly worthless. Everything that the government finances or maintains, including the military, would have to be massively scaled back or sold off piece by piece. What soldiers remain would be paid in increasingly worthless dollars until they eventually just go work for the highest bidder.
It would become a failed state practically overnight. It would become the world that our dystopic nightmares have warned us about. This is the endgame of our adversaries, and people hypnotized by grifters telling them they're 'fighting the man' are playing right into it.
You have no fucking idea how good you have it in this country that can write its own blank checks for everything. Sure, it does lead to some things being kinda fucked, like a handful of rich people never having to pay for their mistakes, but you as an ordinary citizen get enormous benefits.
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