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Messages - Peter90

Pages: [1] 2 3 ... 54
1
PMbug
in the House


:D :D :D





Hello everybody
PMbug is the Admin of this gold forum
https://www.pmbug.com/forums/


I quoted him in this thread as he lives in the USA, so he should know better than us what's going on over there

Do you fear an "Operation Choke Point 2.0" in your country?


2
To be perfectly honest, I did not expected it to go under 60k at all, that was definitely something I couldn't see beforehand.

If you had foreseen how Nasdaq had moved, given the correlation between BTC and Nasdaq, you could





3
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 08, 2024, 08:36:17 PM »
Crypto people rejoicing about the arrest of Roger Ver

Roger Ver has been arrested


These dudes are clearly completely ignorant about the case,
they simply side with authorities and mainstream media because it's convenient.


4
Bitcoin Forum / Re: Roger Ver has been arrested
« on: May 08, 2024, 08:29:07 PM »



Following the pattern of very rich bitcoiners who fail to pay their taxes and somehow get arrested in Span, Roger Ver has just been detailed for exactly that, according to reports.

I believe that next time those who are having crypto investments should think twice about the taxes because now it's going to be tough for the investors who used to ignore the taxes of crypto currencies.

Tax evasion has always been a crime and no matter if someone does that as a crypto investors or any other kind of investor. Roger Ver will have to bear the consequences of his actions, who know what's going to happen to him from now on.



So someone promotes BTC as a p2p payment, circumventing fiat & banks.
The original goal of bitcoin

He publishes a book about how BTC was hijacked and changed into a toy for make money.
2 weeks after the publication he is arrested for a crime he allegedly committed 10 years ago.

Crypto people - who probably don't know squat about this case - side instinctively with authorities and Main Stream Media
NotaTether
SamReomo

From these examples you see what the "crypto community" has become

5
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 08, 2024, 08:03:45 PM »
The potential of making Bitcoin as an investment is quite huge and it offers tons of opportunities we can grab compared to using it as a payment system which is for me not an option anymore due to some reasons like high fees.

Thanks 0t
so, high fees, that of course prevents any coin to be used as a currency.
I read of layer2 networks, where BTC can be transacted quickly and at low fees.

6
Economics , Sociology & Politics / Re: Gold and Bitcoin
« on: May 08, 2024, 07:56:08 PM »
Gold is indeed very good for long-term storage, but do we realize that gold is a very ancient currency?

Yes gold is very ancient, history has shown that gold is high quality money,
and it will keep being used as money, as thanks to modern technology gold can be used as a digital currency: Gold-Backed Stablecoins

8
most if not all EU countries idolizes USD because afaik its the reserve currency of all.

You are talking about institutions, I'm talking about people.

I don't want you to name your country - I don't do it either - I just want you to talk about what you know, which is where you live.
You don't live in Europe, I do.

In a war situation - civil or not - if I go to my neighbours with US banknotes they kick me away.
If I go and offer them BTC, it's even worse.
If I go and offer them one gold coin, they'll talk to me.

How is it where you live?

9
USDT Forum / Re: What's backing USDT? Tether Reserves Breakdown
« on: May 07, 2024, 05:17:25 PM »


10
I was surprised with Guyana's percentage growth and of course it's huge deposit of oil reserves. Lucky for them they are rich in natural resources that might push it's economy up.

So many countries rich in natural resources... but still underdeveloped with poor population...
Unfortunately having natural resources is no guarantee for economic improvement...




Today's graphic is about China's increasing funds lending role
"China has provided developing countries with over $1 trillion in committed funding through its Belt and Road Initiative (BRI), a massive economic development project aimed at enhancing trade between China and countries across Asia, Africa, and Europe."



11

 its easy to say USD if its Europe that s having civil war.

yes, it's easy to say and it's easy wrong
I'm in Europe.

Don't assume everybody idolises the american dollar as you crypto people do



Instead of talking about countries that you don't know, talk about what you know.
Talk about your country.
I'm asking you for the 2nd time EC
if you find yourself in a civil war where you live what would you like to have, BTC, US banknotes or gold coins?

12
Cryptos Dump After Robinhood Reveals SEC Wells Notice Related To Its Crypto Listings

"The so-called Wells notice - which gives a company time to rebut the agency’s allegations and doesn’t necessarily indicate an enforcement action will follow - from the SEC concerns Robinhood Crypto and its cryptocurrency listings, custody of cryptocurrencies and platform operations.

Of course, anyone with a room-temperature IQ would have been able to anticipate this turn, which comes about a year after the SEC served Coinbase with an identical Wells Notice, and which comes just days before the SEC has to rule on whether to greenlight an Ethereum ETF, something which Liz Warren's pocket fascist enforcer, Gary Gensler, has sworn he will not allow simply because it goes against the interests of Warren's biggest backers.

zerohedge.com

13
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 06, 2024, 07:53:54 PM »
Great posts everybody


............................



So, I feel confident in saying that the adoption of BTC as everyday money - 15 years after its launch - is basically zero.
Where I live, if my only money were BTC I'd starve.
Or have a very limited, exotic diet  :D

As an investment, BTC has been a success story.
As a currency, a failure.


I'm a fan of good money, money which doesn't lose purchasing power.
I'm a fan of p2p - which means privacy, not secrecy.
BTC was hope.


Imo BTC has failed as currency because of its volatility.
Think of a business - a dentist, barber, taxi driver, shoe seller - having on average a 3-5% profit out of each transaction.
Accepting BTC he could lose - given BTC volatility - all of that within 1 day.
Nobody likes to work for nothing.
Why take the risk.
Why accept BTC and then be forced to convert it as quick as possible in a stable currency.

14
And it seems imposible for me to use my Bitcoin for that purpose unless someone is selling weapons for Bitcoins as we are talking about war in here.

There are many warlike situations going on in the world, right now, so there is no need of thinking about Hokuto no Ken.
Beside wars between countries there are clashes between ethnic groups... between religious or political factions... civil unrests... state vs. criminals ...
In your opinion, what's currently the usage of BTC in those situations?

If you find yourself in one of those situations,
you need to protect your family,
you need a gun,
without gun you and your family die,
you have electricity and internet,
you are in your country, not in the USA,
you don't know the person who sells guns,

would you prefer to have bitcoins, gold or US banknotes at hand?

15
Stable Coins Forum / Re: Is Tether a Fraud?
« on: May 06, 2024, 06:30:37 PM »
P.S. On the one hand, it is quite right to show users who are under sanctions.  But on the other hand, is this about decentralization?

So you are saying that it's right for Tether to act as an agency of the US government.
You say it's right for an international currency issued by a private company - which isn't even a US company - to serve the interests of one single government and of one single country (the most powerful one).

The international crypto community ass-liking the US government and their USD



But you care about decentralisation
Using an international cryptocurrency as an instrument of US gov politics is ok,
centralization/decentralization, that's the big issue for you

So between coin A that doesn't serve the interests of any specific country and coin B that does, B is better as long as it's more decentralised than A

Between coin A that helps people to overcome the problem of the devaluation of their national currency and coin B that is used to enslave and tyrannise,
crypto people prefer B because... hey, it's decentralised!
and anonymous!
no KYC!
Cool!

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