Financial topics

Investments, gold, currencies, surviving after a financial meltdown
vincecate
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Joined: Mon May 10, 2010 7:11 am
Location: Anguilla
Contact:

Re: Financial topics

Post by vincecate »

Cool Breeze wrote:
Sat Apr 29, 2023 9:11 am
The reason this criticism is incorrect is because GOLD is backed by energy, it's just the result of it. The BTC network is backed by energy AND solves the problem of trust/decentralization.

Vince shows that in his subsequent points, which is weird that he opens with something questionable. All work is ENERGY. BTC is the best asset to preserve human energy and labor, transmit it, and disallow other elitists ruling over for you from stealing it. It is one of the greatest human innovations of all time, if not the greatest.

While it is true that energy is used to mine gold, and energy is used to "mine Bitcoin", it does not mean the same as "Bitcoin is backed by energy". Everything we make in the world uses up energy. This is not really some special feature of Bitcoin.

If somehow it took 1 megawatt-hour of energy to make 1 BTC, then we could have a link between the price of energy and the price of Bitcoin. But that is not how it works at all. The difficulty of mining only depends on how fast the blocks can be stamped. If it is less than 10 minutes the difficulty goes up. If it is longer than 10 minutes the difficulty goes down. Bitcoin mining algorithm gives stability in the time it takes to make the next block, about 10 minutes. This has worked very well and for lots of years it is about 10 minutes for the next block. But the mining does not give any sort of value stability like mining gold does. It does not tie the price of BTC to human labor or any unit of energy, the way mining gold does.

Again, yes I think Bitcoin solves what may be the most important problem in our world today, how can we keep score and transmit value in a way that governments and banks can not steal it. It probably is one of the most important human innovations of all time. Yes, when governments and banks can't steal people's money so easily, the world will be better. But it is still wrong to say "Bitcoin is backed by energy".

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

The US is not going to protect all the trade routes anymore.
Not part of team dollar, no protection for you.
Remember that kids. Your mud hut logic is mud huts.
Remember the four parts of the Statue of Daniels vision.
Nothing you can write, or rewrite changes the four Empires seen.
The plan is simple. Distraction.

In spades.
Notice that it was struggling with its answer at this point and beginning to ignore its own advice about “oversimplifying.”
Curiously, at that exact time, I got a notice that the ”socket” had failed and was advised to reload the page. When I did the discussion disappeared.

The best links are already 404 scrubbed.

But it was smart enough to reject the far Left’s claim that conservatives are fascists.

8 managers and 1 person to do the work for a 6+ month contract that might be renewed in 1 year and they wonder why
defense workers are scarce.
Republicans Effectively Voted to Raise Taxes. They're Fine With That. wall street journal
https://www.wsj.com/articles/ukraine-wa ... cle_inline

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://www.youtube.com/watch?v=OkfaXm56mdU
The evasive nature of the swamp is typical. Now they want 745 million more for gain of function.
20 million slain by pure evil. That Senator is correct and not a damned thing will be done with the root kit placement. Software is
fine as they wipe the place the clean with the root kits.
Imagine our reading more virus production taken offline in Cush with probable CRISPR production units.
The kids are quitting the millions and million executive business unit facility's. Health care is failing they had enough of these naz logic lunatics.
They gave more and know more than you ever will.

lie cheat steal burn loot murder
https://www.euronews.com/my-europe/2023 ... e-european

Years ago we posted the Fresno effect papers. Wed May 05, 2010 4:19 pm
https://www.msn.com/en-us/news/opinion/ ... 04cf&ei=37
Today we marvel at the nature of it. They did not kick the can as it is a dead as an Armadillo on the yellow line
as you are taken out by looting grifters. Then these geniuses state bottom up we will fix it since that's the problem.

viewtopic.php?p=5433#p5433 As you can witness the taxpayer is now the problem as we are looted.
Even the Senate cannot do a damned thing to these runaway piggyback cults as we had been warned who pretend to answer to facts.
Brain rot and just deception. Gee, now Mom and Dads are the issue.

Biden's Approval Rating Among Independents Is Alarming for Democrats. It does not exist with them.
Every retarded Demshevik has the same answer we do talk to. Moleks who think I should pay for their insanity.
As we see with the orc economy which is organized retail crime, they already had a plan and yea we told you what it was.
We asked one thing. You pay.
Since last numbers was less than 2.8 percent of them actually had a medical issue with gestation the rest is just
a butcher shop operation on that molek operation.

The current head swamp democrat lunatics are finished just like other nuts that ran Queen of Damned pols mook outfit.
No clue how effective RFK, Jr. would be but the current top lies cheat steal with malice guy is past burnt toast.

Watch out for the shoeshine boys.

We Reagan Democrats did pay attention. Amazon Primes documentary Reagans War textured in a few points to what and who also.

CJ Hopkins Advice To RFK Jr: "F**k It, F**k Them... Tell The Truth... The Angry, Uncensored Truth"

His staff will F it up they always do.

Bobby Kennedy, Jr., or Donald Trump, or any other unauthorized person, will become the next president of the United States.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Not all Texas Democrats...
State Sen. Juan "Chuy" Hinojosa, a co-author of SB 147, is the lone Democrat who voted in favor of the bill on Wednesday.

The Great Reset is the move to communism and a totalitarian one world government if they destroy their obstacles. Few remain.
“The Global Identity Project is designed to shift the global economy away from private ownership and into what the WEF calls an “access model”
where you own nothing but rent goods and services from the world’s billionaires and billionaire corporations.”

Go read the Bull Shit on the WEF website.
Just like people acted like sheep lining up for the jab they will end up begging for CBDCs and wanted to gulag your ass for non compliance.
Biden already sold your asses out.

Assets are in land trust and pay lower rates than you can even fathom anyways.

Saudis are finally beginning to be challenged in Arizona, where they have been pumping 3,000 gallons/day per well for just a few hundred dollars annually in fees. They grow alfalfa for cattle herds back home.
Your overlords have not been protecting your vital interests serfs. Something about money and oil doing the talking.

It appears taxpayers are tired of being screwed by swamp snake oil pushing quislings.
Last edited by aeden on Sun Apr 30, 2023 8:11 am, edited 2 times in total.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

lie loot leave

why they fail
evil is good
lies are truth

https://fee.org/articles/swift-and-the- ... us-dollar/
https://fee.org/articles/the-government ... -pandemic/
Twitter Files exposed a lot of malfeasance, but one effort spearheaded by Stanford University and federal agencies was particularly Orwellian in both concept and practice.

It turns out this was not the only one of Bostom’s tweets that was true but was nevertheless flagged for “misinformation.”

https://www.zerohedge.com/covid-19/some ... book-covid

This is a recipe for disaster. History shows there’s no greater purveyor of falsehood and propaganda than the government itself. The Twitter Files are a reminder of that. https://fee.org/people/jon-miltimore/

The front lines took the time and try to survive these educated maniacs and still are.

Same script blame the victims.

Rule five is misinformation is real and they are rabid.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Get woke, go broke?" Mulvaney's Maybelline short bus model ramp.

Performance is up 52.30% from May 1, 2020 to April 28, 2023.

Study every failed business model. Followed H logic maps and Caribou study from gbtc and biti went to 90day tbills you are to busy to read.
We get it
Yes invested in BTC software fork tech and MIT classes that are free by the way to survive these molek pagans. Modest return on that segment.

Vin is correct also on ease of transactions of that risk input medium. Not our cup of Tea.

Sometimes, the bridges you burn light the way out of your darkness, but the memory of the blaze will be burned into your heart.

It was not my girlfriend and that $20 you absconded with and nkow that legal smoke adheres to your brain cells.
Best $20 to lose since it was a price to see what you are left with.

Bonus points it you read the lunatics marxist meanderings. search.php?keywords=Freire+
The Diversity, Equity, and Inclusion hustle is running its course and may soon be out of steam, but it’s not too late to collect your share of the loot.
This means you shouldn’t delay applying for one of the lucrative positions carrying the generic title of “DEI Officer.”
DEI is repackaged CRT after BLM real estate theft on the bruised and broken bob bish inmates.
Antifa ORC community redirection planning komrades. MICE mentally incompetent communist enablers.
Yes the turtles swam away no more looting for your bish or antifa ops.


https://www.youtube.com/watch?v=HlDWzN6TW5Y
thread: Harpadzo

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://theintercept.com/2023/04/27/rea ... e-somalia/

The alliance is the latest sign of an emerging bipartisan anti-war coalition in the House of Representatives that has found common ground on measures to withdraw U.S. troops from Syria and end U.S. military support for the Saudi-led war in Yemen. “Warmongers in Congress still outnumber those who wish to end forever wars, but that will never undermine our determination to keep up this fight,” Gaetz told The Intercept.

There are about 500 U.S. troops in Somalia conducting counterterrorism operations against the Islamist militant group al-Shabab

https://www.youtube.com/watch?v=I_To-cV94Bo&t=8s
Shall we open the wuddabout box of 548 battles for dynamics battle map.
Yes we will.

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Financial topics

Post by Cool Breeze »

vincecate wrote:
Sat Apr 29, 2023 9:35 am
This is not really some special feature of Bitcoin.

It probably is one of the most important human innovations of all time. Yes, when governments and banks can't steal people's money so easily, the world will be better.
We agree. I never said it was special, you took it that way, for some reason. The point is that energy is REQUIRED to mine BTC, thus, secure and make relevant the network.
But it is still wrong to say "Bitcoin is backed by energy".
No, like anything of value, and people say "there is no intrinsic value" of BTC, etc, the value is that there is energy involved. Like gold, like food, like oil, etc.

vincecate
Posts: 2371
Joined: Mon May 10, 2010 7:11 am
Location: Anguilla
Contact:

Re: Financial topics

Post by vincecate »

Cool Breeze wrote:
Sun Apr 30, 2023 8:03 pm
But it is still wrong to say "Bitcoin is backed by energy".
No, like anything of value, and people say "there is no intrinsic value" of BTC, etc, the value is that there is energy involved. Like gold, like food, like oil, etc.
Gold is used in computer chips and people eat food. They clearly have intrinsic value.

1 Bitcoin, on it own does not have any clear intrinsic value.

The Bitcoin ecosystem has the ability to move value around in a way that governments can not tax or stop. There is some value in this system.
The fact that there is an ATM in my office (see bitcoin.ai) means that anyone in Anguilla can buy or sell Bitcoin, and so move value all around
the world without a bank or government permission. Probably the value of this ecosystem system will, on average, increase as it continues to grow.

However, the value does not come from the "energy involved". It is not the right way to look at it. You have seen the price of Bitcoin drop or rise by a factor of 4 and it was nothing to do with the amount of "energy involved" changing.

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Financial topics

Post by Cool Breeze »

vincecate wrote:
Sun Apr 30, 2023 9:26 pm
Cool Breeze wrote:
Sun Apr 30, 2023 8:03 pm
But it is still wrong to say "Bitcoin is backed by energy".
No, like anything of value, and people say "there is no intrinsic value" of BTC, etc, the value is that there is energy involved. Like gold, like food, like oil, etc.
Gold is used in computer chips and people eat food. They clearly have intrinsic value.

1 Bitcoin, on it own does not have any clear intrinsic value.

The Bitcoin ecosystem has the ability to move value around in a way that governments can not tax or stop. There is some value in this system.
The fact that there is an ATM in my office (see bitcoin.ai) means that anyone in Anguilla can buy or sell Bitcoin, and so move value all around
the world without a bank or government permission. Probably the value of this ecosystem system will, on average, increase as it continues to grow.

However, the value does not come from the "energy involved". It is not the right way to look at it. You have seen the price of Bitcoin drop or rise by a factor of 4 and it was nothing to do with the amount of "energy involved" changing.
Value is assigned to things, as it is a human concept. Gold isn't really used for anything, but you can believe that dream if you want to. It's largely "useless" except for its properties - like bitcoin. The only things that actually have "intrinsic" value are perishable things. Food, oil, generally speaking - energy.

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