The One Fatal Issue That Both Parties Consistently Refuse to Address

[mdr224]

19 hours ago, DougieMax said:

There is some truth to the adage that wisdom comes with age. Not always, but it's a matter of common sense that the more time one has to observe the workings of the world and history, the more accurate the assessments tend to be. Besides, even if bitcoin is a hit, it would be just a matter of time before governments co-opt and make it illegal in favor of their own CBDCs. 

Its too late. Bitcoin is going to take over the world whether the elderly like it or not

[TedG]

Congress won't address it becase it's hard work to deal with hard issues.   Does anyone remember the 2% sequester and the calims it would end the world. 

 

https://obamawhitehouse.archives.gov/the-press-office/2013/02/08/fact-sheet-examples-how-sequester-would-impact-middle-class-families-job

[DougieMax]

17 minutes ago, Yellowtail said:

And you know how they vote...

Indeed, more free sh!t for the Free Sh!t Army.

[DougieMax]

13 minutes ago, mdr224 said:

Its too late. Bitcoin is going to take over the world whether the elderly like it or not

Whether bitcoin or something else, it's all just part of the transition to something that vests control of the world's money with a single centralized source. 

[mdr224]

48 minutes ago, DougieMax said:

Whether bitcoin or something else, it's all just part of the transition to something that vests control of the world's money with a single centralized source. 

Its a transition that central bankers and governments are resistant to, but cant do anything about

[DougieMax]

8 minutes ago, mdr224 said:

Its a transition that central bankers and governments are resistant to, but cant do anything about

Sure they can. We live in a society where tax agents conducting field audits bring guns with them. It's become a society where people can be jailed for years for nothing. You are living in the past if you think the rule of law still exists.

[mdr224]

12 minutes ago, DougieMax said:

Sure they can. We live in a society where tax agents conducting field audits bring guns with them. It's become a society where people can be jailed for years for nothing. You are living in the past if you think the rule of law still exists.

Im not sure exactly how you expect them to control bitcoin, all i can say is that its very risky to not have some at this time

[Yellowtail]

12 minutes ago, mdr224 said:

Im not sure exactly how you expect them to control bitcoin, all i can say is that its very risky to not have some at this time

They can control it by not taking it. 

 

 

[mdr224]

19 minutes ago, Yellowtail said:

They can control it by not taking it. 

 

 

Countries that dont take it will fall behind the others that do

[Yellowtail]

4 minutes ago, mdr224 said:

Countries that dont take it will fall behind the others that do

Why? 

[mdr224]

13 minutes ago, Yellowtail said:

Why? 

Because it will keep going up whether govts accept it or not. Countries that are first to embrace the technology will get a head start

Edited September 14 by mdr224

[Yellowtail]

4 minutes ago, mdr224 said:

Because it will keep going up whether govts accept it or not. Countries that are first to embrace the technology will get a head start

But that does not explain why countries that don't take it will fall behind the others that do. 

 

It's been around for what, fifteen years? What countries are falling behind because of it. 

 

Why do you assume it has to keep going up? 

[mdr224]

12 minutes ago, Yellowtail said:

But that does not explain why countries that don't take it will fall behind the others that do. 

 

It's been around for what, fifteen years? What countries are falling behind because of it. 

 

Why do you assume it has to keep going up? 

Because supply and demand.  That and the federal reserve will never stop printing dollars, dollars are infinite but bitcoin will always be 21 million

 

 

bitcoin would stop going up if governments would be fiscally responsible, but we all know thats not going to happen. How are politicians going to make their money then

Edited September 14 by mdr224

[Yellowtail]

4 minutes ago, mdr224 said:

Because supply and demand.  

Why is there demand? And why do you assume there always will be? 

4 minutes ago, mdr224 said:

That and the federal reserve will never stop printing dollars, dollars are infinite but bitcoin will always be 21 million

But they keep splitting it, yes? 

4 minutes ago, mdr224 said:

bitcoin would stop going up if governments would be fiscally responsible, but we all know thats not going to happen. How are politicians going to make their money then

So fiscal responsibility drives demand for bitcoin down? 

[mdr224]

Just now, Yellowtail said:

Why is there demand? And why do you assume there always will be? 

But they keep splitting it, yes? 

So fiscal responsibility drives demand for bitcoin down? 

Its a better form of money, works better than bank transfers without needing anyones approval. Demand will only keep growing as more people have problems with banks. Bitcoin will always be 21 million, scarce and finite unlike any other currency in existence.

Correct if there was no inflation there would be no need for bitcoin or gold or any market for any commodities. Bitcoin is a solution to a manmade problem, and the reason its a threat to tradfi is because it cant be controlled

[Yellowtail]

2 minutes ago, mdr224 said:

Its a better form of money, works better than bank transfers without needing anyones approval. Demand will only keep growing as more people have problems with banks. Bitcoin will always be 21 million, scarce and finite unlike any other currency in existence.

Bank transfers require someone's approval? 

2 minutes ago, mdr224 said:

Correct if there was no inflation there would be no need for bitcoin or gold or any market for any commodities. Bitcoin is a solution to a manmade problem, and the reason its a threat to tradfi is because it cant be controlled

So if inflation were zero, or negative, there would be no demand for bitcoin and it would be worthless? 

[mdr224]

4 minutes ago, Yellowtail said:

Bank transfers require someone's approval? 

So if inflation were zero, or negative, there would be no demand for bitcoin and it would be worthless? 

Banks can freeze an account for any reason, not possible with bitcoin. If they stopped printing money thered be no reason for bitcoin. Again just a hypothetical, its not going to happen.

[Yellowtail]

9 minutes ago, mdr224 said:

Banks can freeze an account for any reason, not possible with bitcoin. If they stopped printing money thered be no reason for bitcoin. Again just a hypothetical, its not going to happen.

Why is it not possible to have a bitcoin account frozen or corrupted or emptied? 

 

In 2009, inflation was negative in the US. 

[Will B Good]

6 minutes ago, Yellowtail said:

Why is it not possible to have a bitcoin account frozen or corrupted or emptied? 

 

In 2009, inflation was negative in the US. 

 

 

Whilst authorities cannot freeze a Bitcoin wallet directly in the way they can with bank accounts, they can take action through exchanges, legal orders, and blockchain analysis to limit the usability of certain funds.

 

If you are worried, I guess you need to store (as I do) your bitcoins on an encrypted device.

[Yellowtail]

Just now, Will B Good said:

 

 

Whilst authorities cannot freeze a Bitcoin wallet directly in the way they can with bank accounts, they can take action through exchanges, legal orders, and blockchain analysis to limit the usability of certain funds.

 

If you are worried, I guess you need to store (as I do) your bitcoins on an encrypted device.

I'm not worried. 

[Will B Good]

2 minutes ago, Yellowtail said:

I'm not worried. 

 

 

Well now I can relax.....that would have preyed on my mind all day.

[mdr224]

19 minutes ago, Yellowtail said:

Why is it not possible to have a bitcoin account frozen or corrupted or emptied? 

 

In 2009, inflation was negative in the US. 

2009 was the year bitcoin was invented, due to what happened in 2008. In the event another 2008 happens, bitcoin protects its holders

[Hamus Yaigh]

On 9/12/2024 at 8:24 PM, maesariang said:

On 9/12/2024 at 8:21 PM, Lacessit said:

The Harris policies will result in a deficit increase of $1.2 trillion. Trump's will result in an increase of $5.8 trillion. The Republicans have the sheer gall to claim they are better economic managers.

 

Lose reserve currency status, the USA is <deleted>. So everyone scrambles around with bandaids.

Made up claims

Its common sense. Tax breaks mean higher gov debt.

[billd766]

5 hours ago, mdr224 said:

Its too late. Bitcoin is going to take over the world whether the elderly like it or not

BS

[jerrymahoney]

5 hours ago, mdr224 said:

Its too late. Bitcoin is going to take over the world whether the elderly like it or not

Trump plans to launch his sons’ crypto business on Monday, 50 days before Election Day

 

Updated: Sep 12, 2024 / 05:18 PM CDT (via AP)

 

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric.

 

“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.

 

As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet,” raising red flags that he could use the federal government to help support a business tied to his family.

 

https://www.cbs42.com/news/politics/ap-politics/ap-trump-plans-to-launch-his-sons-crypto-business-on-monday-50-days-before-election-day/

[Yellowtail]

1 hour ago, Hamus Yaigh said:

Its common sense. Tax breaks mean higher gov debt.

After the last tax cuts in the US, tax revenue went up.

[Lacessit]

2 hours ago, Hamus Yaigh said:

Its common sense. Tax breaks mean higher gov debt.

Common sense is much less common nowadays.

[Yellowtail]

3 minutes ago, Lacessit said:

Common sense is much less common nowadays.

I know. There are countless morons that assume that when they raise taxes, revenues go up. 

[DougieMax]

Just now, Yellowtail said:

I know. There are countless morons that assume that when they raise taxes, revenues go up. 

There is a "sweet spot" for that just like on a baseball bat. Tell me if you think this might have taken things a bit too far ....

[Will B Good]

5 minutes ago, DougieMax said:

There is a "sweet spot" for that just like on a baseball bat. Tell me if you think this might have taken things a bit too far ....

 

You'd be wise to do away with guns, hunting, fishing, smoking, drinking and stay single.

 

Imagine how many taxes you could do away or reduce if the wealthy paid their fair share and excessive company profits were subject to windfall taxes.