Bitcoins

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stan.distortion   100 W

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Re: Bitcoins

Post by stan.distortion » Jun 15 2020 5:38am

That's making profit, not money creation. Once upon a time money was backed by precious metal, if a country added to its gold reserves it could create more money but those days are long gone. Here's how it works today, a bank approves a loan and enters the amount into their accounts. Boom, they just created that amount of money. That's how around 98% of the money in circulation is created, debt.

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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jun 15 2020 4:15pm

Again, you over complicate. The house remains $100k it sold for, not the $50k used to create it. Where did the additional $50k come from? Net worth is money. Creating the profit by creating the money, which is never BACKED by precious metal as currency is, but the metals themselves are money. As are gems, real estate, etc.

The rise and fall of the currency in circulation is a more interesting manner. New cash is released by the purchase of government bonds, which drops the net worth of the government by increasing its' debt. But when a bank approves a loan, it's for 90% of deposits, the other 10% is held as a reserve. The days of a bank in maybe Missouri creating an account to pay for the land it bought from the bank are long gone. The issuing of the Dix banknote, of 'I wish I was in Dixie' fame, I feel pretty sure that too is long gone. But it was those banknotes that made up for the lack of currency, the incompatibility of currency, the Kentucky dollar that nobody wanted and there was no point in taking it outside Kentucky because you'd be lucky to get 50 cents on the dollar, etc. Dixie was honored most everywhere.

Creating a profit is when you turn gold and diamonds into jewelry. A value added activity. That stuff is like a new car, never again worth what you pay for it. (Except in some instances.) But real estate retains value, goes up in value. You're creating money. I'm just curious if the crypto can ever reach the levels the banknote once achieved. I doubt it, probably more like shares in the Mississippi Company, or tulip bulbs. We'll see.
Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jun 20 2020 10:35pm

https://www.cnn.com/2020/06/19/tech/wir ... index.html

We've discussed the guy who died and was buried in a foreign company and all the Bitcoin info vanished. Well, I guess crypto isn't the only thing that can happen to. Oh, the CEO resigned and walks into the sunset with billions missing. Riiiiiiiiiiiight!
Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
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TheBeastie   10 MW

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Re: Bitcoins

Post by TheBeastie » Jul 16 2020 6:43am

Twitter hacked! Major profile twitter accounts used to send message claiming they will send u double the bitcoin you send them, apparently some ppl feel for it and it's estimated the hackers netted over $100k in bitcoin.

https://twitter.com/breaking911/status/ ... 5534852096

https://nymag.com/intelligencer/2020/07 ... -scam.html
https://news.bitcoin.com/twitter-apple- ... away-scam/

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Image :lol:
Last edited by TheBeastie on Jul 26 2020 12:56pm, edited 1 time in total.
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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jul 17 2020 8:06pm

Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
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markz   100 GW

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Re: Bitcoins

Post by markz » Jul 17 2020 9:25pm

People will fall for anything, including Nigerian Kings that cant get access to bank accounts or wills and email messages about going to prison if you dont pay your taxes in gift cards. Well, its got to be the 1% or could it be more falling for it, with the increase in Dementia and alzheimer's and more and more chemicals in our foods and enviroment, people are only going to get richer and richer with those types of scams. Spoofing telephone numbers, robo calls and yet the tele-co's do nothing, email providers do nothing either.

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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jul 21 2020 2:19am

Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jul 24 2020 2:40pm

Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

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TheBeastie   10 MW

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Re: Bitcoins

Post by TheBeastie » Jul 26 2020 1:14pm

Dauntless wrote:
Jul 24 2020 2:40pm
https://youtu.be/mRAdyiYDwYI
Interesting...
RedIceTV who are I guess "mildly edgy", have been banned from YouTube/PayPal for a while now, but now banks and credit card facilities have banned them as well, they lost their final credit card processing merchant account the other day.
RedIceTV seem to really annoy very powerful people, I guess because RedIceTV are quite professional/clinical over typical YouTubers, and this scares the powerful? :shock:
https://www.bitchute.com/video/gVFj7ZRLT9OB/

So paying for their special WeekendWarrior TV show can now only be bought via crypto coin.
You can see all their other shows on BitChute https://www.bitchute.com/channel/vioTr8bGOlJi/
And recent major shows on dlive https://dlive.tv/RedIceTV

The world really has gone crazy in terms of repressed opinions, censorship and political correctness.
In Australia they are getting rid of Coon cheese, it was never ment to be racist cheese, it was named after the cheese's creator "Edward William Coon"
https://www.news.com.au/finance/busines ... e7a705458f
https://www.abc.net.au/news/2020-07-24/ ... n/12489734

It's always been my favorite cheese so I will be sorry to see it go, as far as I am concerned Edward William Coon was a cheese genius.
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Speed Kills Range, 10mph = 46 miles range, 20mph = 20 miles, 30mph = 8 miles rangehttps://goo.gl/1JNL53
Over Charging Kills ur battery bit.ly/1hzWKl4
Consider PAS as your only throttle https://goo.gl/Kg1F8F
Fuel-Cell is the ultimate battery coupled with 4th-gen Nuclear
https://goo.gl/TcKtHs https://goo.gl/ZhFFot https://goo.gl/gfa215
10 Square Miles of solar panels = 0.12GW average power! https://goo.gl/Ub1S39

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Dauntless   100 GW

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Re: Bitcoins

Post by Dauntless » Jul 26 2020 3:13pm

TheBeastie wrote:
Jul 26 2020 1:14pm
Interesting...
RedIceTV who are I guess "mildly edgy",
I don't think "Mildly Edgy" could come close to covering Red Ice. I think more like 'Fascinating, in their own weird, scary way.'

So you could post a link to a pagan neonazi ritual and I'm sure much of the board here would look at it. They may deny it later, but so many would just have to look. I'm a compulsive researcher, I gotta know. I would assume they're actually also neopagan, I mean they weren't born in pagan families, right?

But I guess I'm making them sound more interesting than you did. Obviously your dark web implications are relevant, but the discussion has already gone beyond just the Red Ice situation. My god, the sheer terror of promoting the idea of beautiful people having children together.

But are you sure that this Coon guy wasn't so incredibly backward and foolish that it was being his name that made the word sound bad in the first place? When Prince first made a name for himself, Prince Spaghetti ran a commercial with a package onstage with a properly licensed Prince song playing, telling how they'd been around over 100 years, etc. And immediately got a cease and desist letter from attorneys telling them to stop using their clients' name. . . .

https://www.forbes.com/sites/billybambr ... p-bitcoin/

https://fee.org/articles/in-defense-of- ... -hoarding/

https://news.ycombinator.com/item?id=17029418
Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

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