The World of Crypto

No need to mention the utter incompetence and sheer lunacy in todays leaders. Seeds, basic food items and tools, bicycles and spare tires, warm clothing, ammo, essential oils and prescriptions, batteries, candles and lighters, alcohol, water purifiers, inverters and solar panels, etc. are other investments to consider. But I repeat myself.
Don’t kill the messenger but a fascinating point of view-
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Why the West Can’t Win – A paradigm-shattering interview with world economics author Fadi Lama

Brighteon.com is a leading online free platform that empowers free speech, allowing individuals to freely share videos and express their thoughts without any form of censorship. Join us today and be part of our community.
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mu
 
Is cash obsolete?
“Put another way, cash does not crash. It does not fail in a power cut or seize up during a cyber attack (though, of course, ATMs might). By contrast, digital payment systems need a stable and continuous internet connection to process transactions. When these connections fail, the result is often chaos. Digital payment outages have caused significant disruption in a host of countries in recent years, including the US, the UK, Australia, Indonesia, Germany, Canada, Spain and Norway. Generally speaking, the more cashless the country, the greater the disruption.”

World's Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening? | naked capitalism

At a time when the dominant narrative around cash is that its demise is all but inevitable, as well as broadly desirable, the 2024 payment report by Sweden's Riksbank may offer a cautionary tale.
www.nakedcapitalism.com www.nakedcapitalism.com
 
You'll notice they got caught eh.

Lot's of fun watching the financial markets these days, pretty crazy out there. I'm siding with those expecting another depression in the coming months, probably soon after the next American election
 
Smoke and mirrors. The fed's continued intervention; buying the market just to maintain the illusion of liquidity and in turn support of the dollar to maintain confidence in a reserve currency backed by 35 trillion in debt. Party til you drop /s.

With such a demand for electricity in these times, I wonder the impact of digitally based tech.

Bitcoin Mining Shutdown Caused 20% Surge In Norwegian Electricity Bills | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

www.cnet.com

How Much Power Does Crypto Use? The Government Wants to Know

The mining of bitcoin and other cryptocurrencies uses a lot of electricity -- more than many countries. Are you paying for it on your power bill?
www.cnet.com www.cnet.com

And Microsoft wants to restart a NPP to run their AI biz.
 
Smoke and mirrors. The fed's continued intervention; buying the market just to maintain the illusion of liquidity and in turn support of the dollar to maintain confidence in a reserve currency backed by 35 trillion in debt. Party til you drop /s.
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Exzacly

With such a demand for electricity in these times, I wonder the impact of digitally based tech.
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There are those who argue that the cost of mining Bitcoin would be much less than the cost of the finance industry. Bitcoin was created to be a way to do banking without banks , without the middlemen who profit off of fiat along the way, who knows for sure. There are many different kinds of cryptocurrencies and blockchains created for different reasons and in different formats. Although it may seem like I am a fan of Bitcoin itself, I am not for a variety of reasons, the main one being the mining costs . I do believe in the evolving industry though, mainly for the bankless banking aspect of it. My favorite and number one choice as a currency is and always has been XRP. One of the great aspects of it is the pact that it was all pre-mined, without the electrical costs
 
musashi said:
There has been discussion of crypto as a currency and payment mechanism. I thought we could use this thread to better understand the pros and cons of this new alternative. Should this be considered an investment in addition to a payment mechanism? Not for me to say. Information that helps us better understand is encouraged. Here is an article by Matt Taibbi to begin it.
taibbi.substack.com

The Financial Bubble Era Comes Full Circle

An unstable encounter with a $50 billion stablecoin
taibbi.substack.com taibbi.substack.com

mu
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Just my two cents and not my two bitcoins. I don’t know enough or understand crypto and for me with no physical locations or backing other than internet chat, I’ll stay with cash via PayPal or MoneyGram etc. but that’s me and I’m too old to learn or believe in crypto. Reminds me of a Pyramid type scheme…
 
BrotherBoris said:
Just my two cents and not my two bitcoins. I don’t know enough or understand crypto and for me with no physical locations or backing other than internet chat, I’ll stay with cash via PayPal or MoneyGram etc. but that’s me and I’m too old to learn or believe in crypto. Reminds me of a Pyramid type scheme…
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I think this subject was brought up here because this is a new "thing" to most of us, despite the fact that "blockchains" have been creeping up on us for the last 15 years. I know the basis of Paypal is using blockchain and I'll bet moneygram is too. Blockchain is here to stay in various forms. Investing in it is like a pyramid scheme (as opposed to ponzi), but most of our systems are built upon the pyramid structure if you think about it. The only difference I can see investing in stocks as opposed to blockchain is the volatility. When the bull runs happen, it is an awful lot like musical chairs for sure. Unless one is properly disciplined, they are quite likely to fail, especially if they have never been involved in one of these bull runs before. It looks as though one of these runs is in the beginning stages right now. You're going to be hearing a lot of hype on the subject soon if you aren't hearing about it already. There's going to be a lot of euphoria, and then another 3 years of hate, as far as the investing goes. But as I mentioned earlier, blockchain is slowly being integrated into everything now
 
Deach69 said:
I think this subject was brought up here because this is a new "thing" to most of us, despite the fact that "blockchains" have been creeping up on us for the last 15 years. I know the basis of Paypal is using blockchain and I'll bet moneygram is too. Blockchain is here to stay in various forms. Investing in it is like a pyramid scheme (as opposed to ponzi), but most of our systems are built upon the pyramid structure if you think about it. The only difference I can see investing in stocks as opposed to blockchain is the volatility. When the bull runs happen, it is an awful lot like musical chairs for sure. Unless one is properly disciplined, they are quite likely to fail, especially if they have never been involved in one of these bull runs before. It looks as though one of these runs is in the beginning stages right now. You're going to be hearing a lot of hype on the subject soon if you aren't hearing about it already. There's going to be a lot of euphoria, and then another 3 years of hate, as far as the investing goes. But as I mentioned earlier, blockchain is slowly being integrated into everything now








I’ve recently been diving into sui staking, and it’s a game changer! The simplicity and efficiency of Sui's staking model make it stand out in the crowded cryptocurrency landscape. For anyone here discussing staking opportunities, Sui could be worth exploring, especially given its unique focus on speed and scalability. It’s fascinating to see how platforms like these are paving the way for more accessible and user-friendly staking options. If anyone has experiences or insights with Sui staking, I’d love to hear more about it in this thread.
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Thanks for the information!
 
longball said:
Around here, change is slow to come. Guns are still the preferred method of doubling your money in a short time
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Guns aren't the best device to have around the house for those of us who sleepwalk on the nightly and have consistent night terrors.... I don't think I could forgive myself if my Kitty became another statistic. 😬
Diesel840
 
Diesel840 said:
Guns aren't the best device to have around the house for those of us who sleepwalk on the nightly and have consistent night terrors.... I don't think I could forgive myself if my Kitty became another statistic. 😬
Diesel840
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I agree with you 100% Diesel. Folks with mental health issues should not be allowed to purchase or own firearms. They're the damn reason I gotta have guns!
 
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