Financial topics

[Higgenbotham]

Bitcoin has fundamental design flaws which preclude its use as a currency:

1. It has no exchange rate mechanism to regulate the balance of trade across economic zones.
2. It has no mechanism to maintain a constant value against a basket of goods and services.
3. It has no mechanism to pay its holders for productivity improvements within economic zones.

In addition to that, due to its faulty design and other mistakes that were made, bitcoin has been turned into another speculative asset like tulips. Limiting the supply and mining for additional supply is not the answer. Listing bitcoin on the CME was another fatal mistake.

0 for 3

How could the most ideal money of all time not fulfill all of those made up premises? Of course, any unit of exchange could. Bitcoin does it, and even better.

Keep holding fiat. Better yet, short bitcoin. Haha, I know the answer to that, it proves you are all bluster.

Yes, you are correct. Bitcoin is 0 for 3.

Is that all you've got, George?

https://youtu.be/wulhxUD9tak?t=57

[aeden]

https://www.investing.com/rates-bonds/s ... bond-yield
Once it moved to positive range activity picked up.

Also study's indicated over 90 percent of taxpayers are not represented
in wealth transfer of 47 trillion dollars since Reagan with shelf company's
and tax havens. Not that different with the DNC fruitcakes from the radical
democrat sources. Green mask and watermelon's silent as they freeze to death
from the greenwashed. Americans gets it and got it indeed. Heels up indeed.

Do not get to rough on the sheep. They will listen to the demsheviks and be totally destroyed
to plantation status as uppity sheep beaten senseless when needed.
The Obama years they went glassy eyed and just went to home to now freeze.

In the same breath they claim Stakeholder class consciousness organizations had nothing to do with them freezing to death.
Mass delusion.

Entropy is often loosely associated with the amount of order or disorder, or of chaos, in a thermodynamic system.
Stop being dumbasses and burn natural gas and not frozen halfwits producing malcontents.

https://marcellusdrilling.com/2017/12/l ... ric-plant/

https://www.niulpe.org/

[Higgenbotham]

At any time in 2020 did you as a taxpayer receive, exchange, sell, send, or acquire any financial interest in a virtual currency?
As we noted the injection routes are clear and we told you geniuses.
Burnt toast wil be the epitaph when the man comes around.

https://miro.medium.com/max/2400/1*sZui ... XTBrow.png

Prove the spirits.
δοκιμάζετε τὰ πνεύματα.
Tell me a story.

https://www.youtube.com/watch?v=1Iz5DaX8f7w

It's amusing you think these agents of chaos have power. They are barely as smart as you are, and half of what you say is either schizophrenic or unintelligible. But I'm sure BTC will be a speculation after a decade and an all time high of six figures. Right? LOL

You hit the key point. The IRS does have power. And, for now, they are smart enough. The question they are asking: "At any time in 2020 did you as a taxpayer receive, exchange, sell, send, or acquire any financial interest in a virtual currency?" proves to me that they are smart enough. How will you answer it?

The first thing I would wonder about this question is what their primary reason and objective is in asking it. Are they asking it because they are unable to establish a cost basis and are attempting to get a range for the cost basis (the high and low of any particular virtual currency for that year)? Gosh, I don't know because they never did that for precious metals or anything else like that and they still aren't. So for any cash purchases of precious metals or collectibles, the IRS is pretty much at the mercy of the honesty of the taxpayer. Why wouldn't they do the same for virtual currencies? So my assumption would have to be that the IRS is not really asking this question to get a handle on the cost basis. On the other hand, I'm not really sure about that either because precious metals dealers were required to report any cash transactions over $10,000 to the IRS.

The second thing I would wonder is whether trading any amount of GBTC would qualify as a financial interest in a virtual currency. If so, my answer to the question for 2021 would have to be yes. I'll need to look into that further.

[aeden]

As you know H being Corporate they already know the answer.
The incompetent's will utilizes ad hominins we forward as number five in the
list for informational control from the 1953 playbook.
We enjoy the attack routes since they will be wiped out.
The SEC will monitor as ETF funds report earning injected back as liquidity
from Doctor Greyscale.
All tidey and negates the need for fedcoin which we will see how the Senate funds the IMF request for the informal
economy facets reported.
My CPA could care less since its all reported and reverse engineered since the sheep pens are full and yea
we warned them. We told you the the fx and dxy will be monitored as we seen the bund and 20 year swiss note
funding's and transfer payments progressing.
Maybe they should take free classes at MIT and who Doctor Greyscale just hired.

"Give to Caesar what belongs to Caesar, and give to God what belongs to God"

[Higgenbotham]

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots.

As far as Musk and Saylor go, it's impossible to know why they are gambling on bitcoin. But let me offer a possible reason.

“You only find out who is swimming naked when the tide goes out.” — Warren Buffett

Shortly after March 20, 2000, the worst day of Michael Saylor's life, one of his blue-chip Washington lawyers, Brendan Sullivan, promised him that everything was about to get worse.

This was just after MicroStrategy Inc., the company Saylor led, had been forced to issue a "restatement" of its recent financial records, effectively turning two years of profits into two years of losses; it was after the company's stock price fell from $226.75 to $86.75 a share in a single day of trading.

https://www.washingtonpost.com/archive/ ... 9b993a226/

Say, like Trump, you've been in the real estate business, and you recognize it's a bubble and has been for a long time. It's logical to say, well, it's been a bubble for a long time and the way to address it has been to buy the dip and then wait for some excesses, trim holdings, wait for the next dip, etc. The practical way to be successful in navigating the bubble has been to take on debt and assume the general trajectory is onward and upward to bigger and bigger bubbles with speed bumps along the road. People who have the constitution to operate in that manner are the only ones who have amassed fortunes since the 1987 crash (Hendricks Holdings, for example) and among that class of people a certain groupthink has developed and a level of genius is inappropriately attributed to that kind of thinking (another more widely known example, the cult of Warren Buffet which would never have existed absent the bubble environment since 1987).

So Saylor hit a speed bump about the time the Internet bubble burst. Now he's borrowed to buy bitcoin.

A friend of mine dug this up. I hadn't seen it. The question is when does just another speed bump turn into a brick wall for these gamblers.

Troubled MicroStrategy Dumps Cruises, Other Lavish Worker Perks to Cut Costs
By Julia AngwinStaff Reporter of The Wall Street Journal
Aug. 29, 2000 4:18 am ET


The party is over at MicroStrategy Inc., literally.

As part of a cost-cutting move, the struggling Vienna, Va., software firm will no longer take all 2,300 employees on annual Caribbean cruises or fly workers' friends and family to Virginia for annual company visits.

Also, the company announced it will lay off 10% of its work force in a move the company says will save $25 million annually.

https://www.wsj.com/articles/SB967502678567820619

[Higgenbotham]

As you know H being Corporate they already know the answer.

The only thing I really know is that when you stand on the outside looking in at a government agency it is literally impossible to know what they are looking for. In my experience, corporations rely on lawyers to help them through the hoops. Many times the lawyers do more harm than good for their corporate clients. I think that's what spawned the revolving door between corporations and key government agencies.

My most recent personal experience with this type of thing was a cold call I got from a guy who had been head of enforcement for a large state government agency. He was cold calling around to try to get information. His corporate client was under an enforcement action from the agency that he was the head of enforcement for just a couple of years prior. Just to cut to the chase for the purposes of this particular discussion, he was really at a loss as to what was going on in terms of who within the agency was really calling the shots and whether they really were in violation. The advice I gave him was technical in terms of what his client's engineers needed to do to get into compliance. The engineers were technically clueless, which is typical of how things function nowadays or don't (the Texas power grid probably being the latest example).

[John]

** 17-Feb-2021 World View: Frozen Texas

> The engineers were technically clueless, which is typical of how
> things function nowadays or don't (the Texas power grid probably
> being the latest example).

So what's your opinion? Is Texas in trouble because of frozen power
stations or because of frozen windmills?

[Higgenbotham]

** 17-Feb-2021 World View: Frozen Texas

> The engineers were technically clueless, which is typical of how
> things function nowadays or don't (the Texas power grid probably
> being the latest example).

So what's your opinion? Is Texas in trouble because of frozen power
stations or because of frozen windmills?

I have no idea. The only thing I've tried to think through is why some customers like me have had power continuously while some have not had any for days. In other words, why there weren't rolling blackouts. I don't know the answer to that.

[aeden]

The reason we lost a gas compressor was the artic air caused a condition we call ice snow.
You cannot breath the ice crystals and the air recycles itself into intakes.
The point is a vent releases and the intake takes a gulp of the combustible.
Last night we went artic and produced snow.
My spot reading of 5 ppm CO free air tell me my systems are accurate from inputs
to be conveyed as protocol for simplicity.
The issue as I read it is the regulators are freezing from flow of the medium of natural gas.
I have burned multiple fuel source over the decades. These greentards will freeze to death
spewing science we understand since the 1970's on cost per watt reality's.

[Cool Breeze]

At any time in 2020 did you as a taxpayer receive, exchange, sell, send, or acquire any financial interest in a virtual currency?
As we noted the injection routes are clear and we told you geniuses.
Burnt toast wil be the epitaph when the man comes around.

https://miro.medium.com/max/2400/1*sZui ... XTBrow.png

Prove the spirits.
δοκιμάζετε τὰ πνεύματα.
Tell me a story.

https://www.youtube.com/watch?v=1Iz5DaX8f7w

It's amusing you think these agents of chaos have power. They are barely as smart as you are, and half of what you say is either schizophrenic or unintelligible. But I'm sure BTC will be a speculation after a decade and an all time high of six figures. Right? LOL

You hit the key point. The IRS does have power. And, for now, they are smart enough. The question they are asking: "At any time in 2020 did you as a taxpayer receive, exchange, sell, send, or acquire any financial interest in a virtual currency?" proves to me that they are smart enough. How will you answer it?

The first thing I would wonder about this question is what their primary reason and objective is in asking it. Are they asking it because they are unable to establish a cost basis and are attempting to get a range for the cost basis (the high and low of any particular virtual currency for that year)? Gosh, I don't know because they never did that for precious metals or anything else like that and they still aren't. So for any cash purchases of precious metals or collectibles, the IRS is pretty much at the mercy of the honesty of the taxpayer. Why wouldn't they do the same for virtual currencies? So my assumption would have to be that the IRS is not really asking this question to get a handle on the cost basis. On the other hand, I'm not really sure about that either because precious metals dealers were required to report any cash transactions over $10,000 to the IRS.

The second thing I would wonder is whether trading any amount of GBTC would qualify as a financial interest in a virtual currency. If so, my answer to the question for 2021 would have to be yes. I'll need to look into that further.

Yes, this is why it's so ridiculous (clearly unconstitutional, but who cares about that thing anyway) and unfortunately even though nearly everyone should answer yes (because frequent flyer points, other forms of payment that aren't USD that companies provide) most will still not answer yes because it seems to be directed at only crypto. One thing that does give encouragement is that it proves they can't really control it or it's too late. Either way, I will hodl and use it as collateral so I don't care. That's what smart, rich people have always done. If you all are right about the financial crisis, bitcoin only helps you, since the game will be restarted and sanity will be returned (they can't confiscate it unlike all the stuff you all "invest" in).