5 hours ago, phetphet said:

They are already making plans. Cash is untraceable, and they don't like that. But crypto, they can follow everywhere on the blockchain.

 

Starting January 1, 2026, the Crypto-Asset Reporting Framework (CARF) will be implemented, requiring significant changes in how cryptocurrency transactions are reported globally. This framework aims to enhance tax compliance and reduce tax evasion related to digital assets.

 

 

 

Good, because besides "early bird" speculators, it's mainly the many "criminal organisations" that have profited from this new "monetary system" so far.

2 hours ago, swissie said:

I would certainly not want to be the guy that has to figure out the value of Bitcoin based on Energy and Human Effort. I'd rather dwell on things like "what was there before the Big Bang". Much less challenging.

You don't have to work out anything by yourself, Jack has done it for you. Or maybe you just can't be arsed is more to the point. Cool, up to you. 

48 minutes ago, swissie said:

Good, because besides "early bird" speculators, it's mainly the many "criminal organisations" that have profited from this new "monetary system" so far.

Did you managed to work this one out too all by yourself? Or are you just repeating the mainstream anti-Bitcoin narrative? 

16 minutes ago, Conno said:

Did you managed to work this one out too all by yourself? Or are you just repeating the mainstream anti-Bitcoin narrative? 

Do you (still) read the "financial sections" of the remaining reliable independent press? You should. Urgently.

28 minutes ago, swissie said:

Do you (still) read the "financial sections" of the remaining reliable independent press? You should. Urgently.

'Independent' 55555. This explains everything. I'll stick to the alternative media thanks. Bro, I now understand that we are on different frequencies after reading your urgent advice.

 

I've made a screen shot of this post. I'll get back to you when we hit $1m ok. Until then over and out.

14 hours ago, phetphet said:

They are already making plans. Cash is untraceable, and they don't like that. But crypto, they can follow everywhere on the blockchain.

 

Starting January 1, 2026, the Crypto-Asset Reporting Framework (CARF) will be implemented, requiring significant changes in how cryptocurrency transactions are reported globally. This framework aims to enhance tax compliance and reduce tax evasion related to digital assets.

 

 

 

 

It will be government decisions that make or break markets. In the 1960s the US made a minor legislative change which saw US companies suddenly flooding into London to do their debt issues there. The creating of the Eurobond market is ultimate proof that seemingly small government decisions can have a major effect on asset classes. The Eurobond market was created by a mistake in the US, a legislative change they thought would have no major effect impelled US companies to issue debt in London rather than the US.

14 minutes ago, Cameroni said:

 

It will be government decisions that make or break markets. In the 1960s the US made a minor legislative change which saw US companies suddenly flooding into London to do their debt issues there. The creating of the Eurobond market is ultimate proof that seemingly small government decisions can have a major effect on asset classes. The Eurobond market was created by a mistake in the US, a legislative change they thought would have no major effect impelled US companies to issue debt in London rather than the US.

 

13 minutes ago, angryguy said:

 

 

Nice quote from Hayek. And don't get me wrong, I'm on your side. I love Bitcoin. I dearly wish it would blosom and currencies would be taken out of the control of governments. I would love nothing more  that's not sex related.

 

However, governments send killing squads out to murder their enemies, even nice Mr Obama. They put in place policies to murder the elderly, women and children, even the nice Mr Churchill. Do you seriously think they will not use all the resources at their disposal to control Bitcoin and continue to control currencies?

 

I just don't see how Bitcoin can now follow a "roundabout way"...it is in the spotlight ten times over. Governments know about Bitcoin.

4 minutes ago, Cameroni said:

 

Nice quote from Hayek. And don't get me wrong, I'm on your side. I love Bitcoin. I dearly wish it would blosom and currencies would be taken out of the control of governments. I would love nothing more  that's not sex related.

 

However, governments send killing squads out to murder their enemies, even nice Mr Obama. They put in place policies to murder the elderly, women and children, even the nice Mr Churchill. Do you seriously think they will not use all the resources at their disposal to control Bitcoin and continue to control currencies?

 

I just don't see how Bitcoin can now follow a "roundabout way"...it is in the spotlight ten times over. Governments know about Bitcoin.

If they created bitcoin then i could believe they know what theyre doing and you would be right. But i do not believe they know what theyre doing. Average people who do a couple of hours research about bitcoin understand more than the harvard economists hired at the federal reserve.

 

they will have to murder all the people whod prefer to use bitcoin than dollars and that will basically be everyone

7 minutes ago, angryguy said:

If they created bitcoin then i could believe they know what theyre doing and you would be right. But i do not believe they know what theyre doing. Average people who do a couple of hours research about bitcoin understand more than the harvard economists hired at the federal reserve.

 

they will have to murder all the people whod prefer to use bitcoin than dollars and that will basically be everyone

 

Yes, we have some smart people in our non-government ranks, but the government has some of the smartest people as well. They will have no problem to understand bitcoin, even if Trump, Rubio etc don't understand it, and they probably  do, Bessent and his team will.

 

Will they make some mistakes and pass some stupid laws about Bitcoin, very possibly.

 

With bitcoin they don't need to murder all the people who prefer to use bitcoin, they can just impose laws on the exchanges that would make bitcoin cumbersome and impractical. They could do any number of things to crush this beautiful flower bitcoin.

1 minute ago, Cameroni said:

 

Yes, we have some smart people in our non-government ranks, but the government has some of the smartest people as well. They will have no problem to understand bitcoin, even if Trump, Rubio etc don't understand it, and they probably  do, Bessent and his team will.

 

Will they make some mistakes and pass some stupid laws about Bitcoin, very possibly.

 

With bitcoin they don't need to murder all the people who prefer to use bitcoin, they can just impose laws on the exchanges that would make bitcoin cumbersome and impractical. They could do any number of things to crush this beautiful flower bitcoin.

Thats what China tried to do. Their people are worse off now than Americans having the US government accept it as a part of their economy. The issue is when people lose faith in fiat currencies they will seek alternatives. I dont believe theres a single person in any government right now thats planning for this. They dont know whats coming

13 minutes ago, angryguy said:

Thats what China tried to do. Their people are worse off now than Americans having the US government accept it as a part of their economy. The issue is when people lose faith in fiat currencies they will seek alternatives. I dont believe theres a single person in any government right now thats planning for this. They dont know whats coming

You know Bro. the AN member comments about governments shutting down Bitcoin or banning crypto are just showing how clueless they are and clearly they don't have their finger on the crypto news pulse. Governments and many of the institutions closely in bed with them are all piling into Bitcoin now. Blackrock for example. Did you also hear this week Vanguard have now done a complete 180 and are moving into offering Bitcoin products. Couple of years ago they said they wouldn't touch it as their clients show there is no demand ha ha ha. You really can't make this stuff up. Even Larry Fink slagged Bitcoin off a few years ago until he had his penny drop moment and now he's one of Bitcoins biggest advocates. Even JP Morgan are getting onboard and Jamie Dimon was another one slagging it as a joke a few years ago.  

 

Just let the no-coiners have their rants, they are going to look like right plonkers very very soon. 

 

13 minutes ago, Conno said:

You know Bro. the AN member comments about governments shutting down Bitcoin or banning crypto are just showing how clueless they are and clearly they don't have their finger on the crypto news pulse. Governments and many of the institutions closely in bed with them are all piling into Bitcoin now. Blackrock for example. Did you also hear this week Vanguard have now done a complete 180 and are moving into offering Bitcoin products. Couple of years ago they said they wouldn't touch it as their clients show there is no demand ha ha ha. You really can't make this stuff up. Even Larry Fink slagged Bitcoin off a few years ago until he had his penny drop moment and now he's one of Bitcoins biggest advocates. Even JP Morgan are getting onboard and Jamie Dimon was another one slagging it as a joke a few years ago.  

 

Just let the no-coiners have their rants, they are going to look like right plonkers very very soon. 

 

The belief that separates me from most others is that there is a future where fiat and bitcoin can exist simultaneously and i dont see that happening. The better money always wins

53 minutes ago, angryguy said:

Thats what China tried to do. Their people are worse off now than Americans having the US government accept it as a part of their economy. The issue is when people lose faith in fiat currencies they will seek alternatives. I dont believe theres a single person in any government right now thats planning for this. They dont know whats coming

 

They could just make holding bitcoin illegal. They made holding Gold illegal. Why not bitcoin?

 

There's any number of things they can do.

 

What do you think is coming, btw?

32 minutes ago, Conno said:

You know Bro. the AN member comments about governments shutting down Bitcoin or banning crypto are just showing how clueless they are and clearly they don't have their finger on the crypto news pulse. Governments and many of the institutions closely in bed with them are all piling into Bitcoin now. Blackrock for example. Did you also hear this week Vanguard have now done a complete 180 and are moving into offering Bitcoin products. Couple of years ago they said they wouldn't touch it as their clients show there is no demand ha ha ha. You really can't make this stuff up. Even Larry Fink slagged Bitcoin off a few years ago until he had his penny drop moment and now he's one of Bitcoins biggest advocates. Even JP Morgan are getting onboard and Jamie Dimon was another one slagging it as a joke a few years ago.  

 

Just let the no-coiners have their rants, they are going to look like right plonkers very very soon. 

 

 

I'm very aware of this, however, that does not change the fact that should they so desire, the governments could wipeout Bitcoin with a stroke of a pen.

6 minutes ago, Cameroni said:

 

They could just make holding bitcoin illegal. They made holding Gold illegal. Why not bitcoin?

 

There's any number of things they can do.

 

What do you think is coming, btw?

Drugs and guns are illegal in most places that doesnt stop people from using them. They cant force people to use their worthless currency that cant buy them anything. Maybe they should get back on some sort of gold or bitcoin backed currency again? But then how will bankers enrich themselves anymore at the expense of everyone else. Point is that i dont think governments/banks will have much control of the situation anymore. They should have stuck to responsible monetary principles. The current system will go away when the boomers do

16 minutes ago, angryguy said:

Drugs and guns are illegal in most places that doesnt stop people from using them. They cant force people to use their worthless currency that cant buy them anything. Maybe they should get back on some sort of gold or bitcoin backed currency again? But then how will bankers enrich themselves anymore at the expense of everyone else. Point is that i dont think governments/banks will have much control of the situation anymore. They should have stuck to responsible monetary principles. The current system will go away when the boomers do

 

But you're not forced to use an exchange to make drugs and guns yield their value. Without the possibility of legal and easy exchange of bitcoin for cash, how is that supposed to work?

 

So you think there will be massive inflation that will make the currency worthless? But so what? Just look at history. This has happened before. When the German currency became worthless they just introduced a new one.

 

 

If you mean BTC
BTC will never be a global currency with 7tps
Lightning blah blah, layer 2 blah blah
if it is not onchain with a chain of signatures, it is not bitcoin
for the global population to make 1 BTC tx each it will take over 40 years
BTC is nothing without its fiat value.

Bitcoin is becoming accepted by governments.  They simply legislate for it and the on/off ramp to FIAT is subject to tight reporting.

 

It’s not anonymous which is a good thing. 
 

They don’t like it used as currency because they can’t track (tax) sales and purchases but they like it as a store of value.

 

Around 1 in 6 people holds BTC in USA, that’s a lot of voters you can’t afford to p?ss off.

 

BTC is here for the long haul.

14 hours ago, swissie said:

I would certainly not want to be the guy that has to figure out the value of Bitcoin based on Energy and Human Effort. I'd rather dwell on things like "what was there before the Big Bang". Much less challenging.

Not sure it is allowed there, but I would think China would be one of the cheapest places to mine Bitcoin, with all there solar and wind farms. Just my opinion. 

 

The cost to mine one Bitcoin varies significantly by location, with estimates ranging from about $1,324 in Iran to over $321,112 in Ireland. In the U.S., the average cost is around $107,000 per Bitcoin, making it challenging for individual miners to turn a profit.

 

COUNTRY	COST TO MINE 1 BITCOIN
Iran	$1,320
Ethiopia	$1,990
Sudan	$3,970
Libya	$5,290
USA	$102,260
Italy	$306,550
Ireland	$321,112

IMHO the cost of the energy used to mine bitcoin is irrelevant to its value, the value is set by consensus on exchanges by traders.
 

Miners decide whether or not to mine on whether or not they can make a profit.

Putin adviser says Trump is planning to use crypt to devalue the US's 37 Trillion Dollar Debt.

Trump will put the deb into a "crypto cloud" and reset the system ????

Not even sure what that means.

 

 

<>

 

4 hours ago, save the frogs said:

Putin adviser says Trump is planning to use crypt to devalue the US's 37 Trillion Dollar Debt.

Trump will put the deb into a "crypto cloud" and reset the system ????

Not even sure what that means.

 

 

It means BTC being a scarce asset currently priced in fiat garbage will explode. This is what myself and angryguy and JBChaiangRai are trying to help you guys understand. Don't let them destroy the wealth you have earned/savings with your decades worth of time and effort = Human Energy. They are going to rob you to balance their books. 

 

Don't confuse stable coins with Bitcoin. They can create a limitless supply of stable coins. They are still the same fiat garbage we have now, just issued by private companies this time eg USDT USDC, Tether and Circle  etc. The fixed supply of Bitcoin will benefit hugely with this plan when it happens.