Criminal jo is Taking It With Him!

[Here_4_a_Day]

Unbelievable >

 

[seminole97]

The last confirmed sale of Silk Road assets by the government was in March 2023 selling nearly 10,000 BTC for $216 million, court filings show.

Bitcoin price has risen ~430% since that brilliant decision to liquidate.

 

[mnole03]

The last confirmed sale of Silk Road assets by the government was in March 2023 selling nearly 10,000 BTC for $216 million, court filings show.

Bitcoin price has risen ~430% since that brilliant decision to liquidate.

You want the government to be crypto speculators?

Maybe Elon can establish a HODL department for you.

 

[seminole97]

You want the government to be crypto speculators?

Maybe Elon can establish a HODL department for you.

I do not conflate bitcoin with crypto in general. It's a mistake to do so.

2024 was the year Wall St. woke up to bitcoin's value and place in the future. Some day you might too.

I would much rather the administration that was hostile to bitcoin and voted out in favor of an administration that was not hostile to bitcoin not further harm the Treasury's balance sheet by liquidating bitcoin that Uncle Sam already possesses before the new administration takes office next month.

 

[mnole03]

I do not conflate bitcoin with crypto in general. It's a mistake to do so.

2024 was the year Wall St. woke up to bitcoin's value and place in the future. Some day you might too.

I would much rather the administration that was hostile to bitcoin and voted out in favor of an administration that was not hostile to bitcoin not further harm the Treasury's balance sheet by liquidating bitcoin that Uncle Sam already possesses before the new administration takes office next month.

Do you know how much BTC the government holds?

And Bitcoin’s value and place in the future is limited. It’s by its nature a deflationary currency.

 

[seminole97]

Do you know how much BTC the government holds?

No, can you tell me?

And Bitcoin’s value and place in the future is limited. It’s by its nature a deflationary currency.

By it's nature, it's infinitely divisible, so lost coins don't actually hurt anyone except whomever loses them. Their 'lost' purchasing power goes to the remaining holders of the currency.

Absent government inflation of the money supply to regressively fund things that politicians are politically fearful of taxing to pay for, increasing production will result in increased purchasing power for savers.

Because government cannot inflate the supply of bitcoin it serves as an escape hatch for their machinations.

The future value of bitcoin is limited only by the extent of human production, and that will continue to grow.

We're going to need a digital, hard money, unit of measure in the future, as the mining of the solar system will thrash the relative value of any metal based currencies. Gold standard is superior to the fiat standard, but it's window is closing.

If you would prefer to speculate by saving in a currency that politicians will assuredly continue to inflate the supply of, stealing your purchasing power, you're free to. But I wouldn't recommend it to anyone.

 

[mnole03]

No, can you tell me?



By it's nature, it's infinitely divisible, so lost coins don't actually hurt anyone except whomever loses them. Their 'lost' purchasing power goes to the remaining holders of the currency.

Absent government inflation of the money supply to regressively fund things that politicians are politically fearful of taxing to pay for, increasing production will result in increased purchasing power for savers.

Because government cannot inflate the supply of bitcoin it serves as an escape hatch for their machinations.

The future value of bitcoin is limited only by the extent of human production, and that will continue to grow.

We're going to need a digital, hard money, unit of measure in the future, as the mining of the solar system will thrash the relative value of any metal based currencies. Gold standard is superior to the fiat standard, but it's window is closing.

If you would prefer to speculate by saving in a currency that politicians will assuredly continue to inflate the supply of, stealing your purchasing power, you're free to. But I wouldn't recommend it to anyone.

BTC isn’t infinitely divisible nor are transactions free. BTC transactions cost on average 5k SATS. The dollar value of those 5k SATS will only go up as we near the end of the mining phase.

Speculate on BTC all you want. It’ll probably be a good investment. It’s not a viable currency.

 

[Here_4_a_Day]

Do you know how much BTC the government holds?

And Bitcoin’s value and place in the future is limited. It’s by its nature a deflationary currency.

Is there a subject you don’t grade out as an absolute moron in? 😂

 

[Scruddy]

You want the government to be crypto speculators?

Maybe Elon can establish a HODL department for you.

They couldn't do worse with that than they did with strategic oil reserves (based on the past 4 years at least)

 

[Here_4_a_Day]

They couldn't do worse with that than they did with strategic oil reserves (based on the past 4 years at least)

Or any facet of financial "management."