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Messages - yos9694

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General Discussion / Re: BitCoin Master Thread
« on: Yesterday at 03:31:46 PM »
where do ppl recommend storing some ERC20 alt coins?
Binance.US is taking a while for approval for some reason and need to get them off binance

Make a paper wallet for yourself and store them there. As long as we're not talking about BIG money it's safe. I used MetaMask in the past and once you get used to it transacting is not difficult

General Discussion / Re: BitCoin Master Thread
« on: Yesterday at 01:25:08 PM »
i have some XRP sitting around in coinbase. any way to turn thenm into btc or cash? government restricted Ripple for some reason.

PM sent

Deals/Deal Requests / Re: DR: Hot Chocolate Maker / Frother
« on: Yesterday at 12:25:46 PM »
I have this which is officially for Lattes but if you put cocoa in instead of coffee it's a hot cocoa maker (and froths it). The price in that link is ridiculous - I paid $50 several years ago. Hopefully you can do some research and find it for the normal price.

Unfortunately if (when?) America goes bust there will be bigger problems than individual people’s assets.

For sure. And as we know from history, when a country has severe economic trouble those bigger problems mean that having individual assets on hand can be a matter of pikuach nefesh. Hamayvin yavin

Methinks that as long as you're aware of where we're heading you can use the stimulus, etc. to your advantage (i.e. invest based on the outcome of unsustainable government debt)

Timing is the challenge.

Let's be realistic. The debt issue isn't going to be reined in.

The real question is how quickly we're going to add to it and allow it to break.

100% on the same page. The only question for me is on a personal level how to best avoid personal negative impact. But I'll still oppose reckless spending such as bottomless stimulus bills even though I know my voice won't stop them from passing.

Thats not what I said, though it's certainly a possibility. Inertia tells me that something has to change or the national debt will keep rising (and growing as a percentage of GDP) unless something changes.

If the Dems are making it worse and the Repubs are making it worse then I'll be the one to say we're doomed unless we can bring in some new thinking.

National debt right now is in the same phase as pre-2008 housing market. Macro economists can see that we will have no choice but to use inflation or default to get out of this mess, but the majority of people haven't yet recognized the severity.

Politics / Re: Civil War?
« on: January 21, 2021, 12:54:38 PM »
That what over the past 5 years the label white supremacist has effectively meant "somebody who disagrees with the leftists agenda," or "anybody who supports DJT" might have something to do with it...

Yes and that's because of the silent majority. People who supported Trump and continued to support him even as his vocal base threw away any pretenses of decency. Not once did the silent majority stand up and say we are supporting Trump for x,y, and z and do not want to be lumped together with the racists.

They made their bed and now are lying in it. If you're in this group get out nos

Hopefully Ds controlling the government means less interests to appease and thus less pork. OTOH they’re gonna spend much much than before, so it’s not an improvement.

So basically you're saying we're doomed no matter what.

Time for the Libertarians to get a turn

Politics / Re: Civil War?
« on: January 21, 2021, 12:18:33 PM »
Yeah they came armed to their teeth to overthrow the government and kill everyone. But they changed their mind because noone shot at them first.

We don't need to speculate about if they had weapons or what they might have done. What they actually did was bad enough. Avoid these strawman arguments that supporters of these extremists build to obfuscate the issues. I can't get over how people in this forum are among the supporters.

US National Debt to GDP ratio is 130%. Currently $27.8T in National debt and $21.3T GDP (not counting another $3.3T in debt at the state and local levels, which puts the total debt to GDP ratio closer to 150%). At some point this breaks. There needs to be a bit more thinking about costs vs. benefits before signing any more multi-trillion dollar debt inducing bills (including tax cuts and stimulus). So far I will argue that the stimulus bills of 2020 cost more than the benefits they created because they were mostly pork, and we can't afford more.

General Discussion / Re: BitCoin Master Thread
« on: January 17, 2021, 08:25:55 PM »
More durable than a banana

Credit Cards / Re: New card that gives 1.5% back in Bitcoin announced.
« on: January 15, 2021, 02:07:45 PM »
I used to believe that Bitcoins biggest threat was alt-coins and specifically Ethereum. The BTC ledger does nothing but record transactions (i.e. what happened) but ETH also accepts programming (i.e. if -> then, smart contracts, can issue alt coins to represent tangible assets like houses and cars), which seemed like a significant value-add. Logically too, the first to market tech isn't always the best version of the tech because others stand on their shoulders and build. But so far they're enjoying name recognition status and staying far in the lead - so I hold by my prediction but my timing is clearly too early.

Credit Cards / Re: New card that gives 1.5% back in Bitcoin announced.
« on: January 14, 2021, 07:47:30 PM »
I got an invite from gemini. 3% back in coins. Imagine buying something, returning it 3 days later, and the clawback is 10x what you received in rewards 😂

Just Shmooze / Re: The funny/strange/interesting/random pictures thread
« on: January 14, 2021, 01:32:30 PM »
There's a mistake in the 2nd meme.
Starting in the 4th sentence, they switched out Bob and Sally.
They should have written:
"Sally wants to put many of Bob's friends into concentration camps......"

By and large it's the Democrats who want to stifle all speech but their own.

See I told you so.

Curious how many people here read this and thought, "That's right, those other people need to let go of their blind rage and learn to think and understand my side, because I already understand theirs"?

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