And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Tuesday, October 15, 2024
Interesting chart. Bitcoin is the tenth largest asset on the planet, according to this.
Both are stupid gold and silver. Real value not just jewelry. Super conducive metals. Circuit boards use silver soldier and there's more demand than supply. You can take that rooty toot bit coin and shove it up your arse. Fucking worthless. What is it backed by?
That is a funny chart. Comparing the total value of bitcoin in the world to the value of companies is kind of nonsense. In any case you should compare the value of bitcoin to the value of other currencies. For example, there over 2.3T dollars in circulation the world.
If you want to compare bitcoin, a currency, to a physical asset I suggest cows. The global beef market is $450B per year. It takes 3 years to raise a cow for slaughter. That means that the value of all beef currently in the process of being raised for consumption is about the same as the value of all bitcoin. Don't buy bitcoin, raise a cow!
What make anything valuable is that I have it and you want it.
Doesn't matter if it is shiny metal, pieces of paper blessed by the treasury wizards, or the result of a long series of calulations, if I'm not accepting it in trade, they it is of no 'value'.
Gold is used in computers. Maybe you have heard of them. Silver in circuit boards like every car has not electric cars. 80s vehicles have one to tell injectors when to spay.and how much and HEI ignition control. We're screwed. Your ... well.you'll figure it out but probably too late
Looking at that market cap list, it looks like I can identify some of the problem we're dealing with..Apple:shitty overpriced tech crap Nvidia: watch it's bubble pop with the AI bust (coming up)! Microsoft: shitty, shitty software Alphabet: go ahead & be evil...you're doing it so well Amazon: Bezos' butthole bazzar Meta:narcissist's playground Bitcoin: $$66000 per....you've gotta be a special kinda stupid. Yeah. True value there, huh.
Bitcoin is the symptom of a society that can be bamboozled into thinking that a phantom fiat "money" actually has any value. If there are troubles affecting the internet and electrical grid, how are you going to spend them Bitcoins?
Like if there is a hurricane and you loose power and water. Make sure you have a back stock of ketchup to put on that bit coin to help it go down easier. Scooter man gets it.
Brainwashed uneducated economic illiterates think this fiat is magical money. Same for the fiat dollar. Duh. No power, no bitcoin, or any of that FED-COIN jive crap. Keep stacking bitches. Watch your fiat dollars value continue to vanish.
I was tasked by my boss to explore bitcoin and see how the company could benefit from it. He dreamed of becoming rich from bitcoin mining. LOL. In short order I recognized it is a scam. Complicated and nonsensical and purposely so. I believe not one person participating in it have a clue what they are doing. I told the lazy bastard this and I got fired.
There's a sucker born everyday. Worth less than our worthless fiat money.
ReplyDeleteActually no it’s not. It’s absolutely the future of how monies will be traded. If you trust the dollar more than bitcoin I feel bad for you.
DeleteBoth are stupid gold and silver. Real value not just jewelry. Super conducive metals. Circuit boards use silver soldier and there's more demand than supply. You can take that rooty toot bit coin and shove it up your arse. Fucking worthless. What is it backed by?
DeleteUntil the power goes out, or a government decides they now own it.
ReplyDeleteDidn’t the government ban gold at one point in time?
DeleteDidn’t the government ban gold at one point in time? nope
DeleteYes, private ownership was banned from 1933, during the Great Depression, until 1974, after the gold standard had been abandoned.
DeleteCome take it. 🤣 See how that works out now a days.
DeleteMy wife’s boyfriend invests heavily in bitcoin.
ReplyDeleteI see what you did there
Delete🤣
DeleteI have consoled a few people who have had their bitcoin vanish into thin air. Sell it now and don't go back. It is truly funny money.
ReplyDeleteThat is a funny chart. Comparing the total value of bitcoin in the world to the value of companies is kind of nonsense. In any case you should compare the value of bitcoin to the value of other currencies. For example, there over 2.3T dollars in circulation the world.
ReplyDeleteIf you want to compare bitcoin, a currency, to a physical asset I suggest cows. The global beef market is $450B per year. It takes 3 years to raise a cow for slaughter. That means that the value of all beef currently in the process of being raised for consumption is about the same as the value of all bitcoin.
Don't buy bitcoin, raise a cow!
Or, compare it the world's real estate.
Delete
DeleteWho told you it takes 3 years? I have been a cattle rancher all my life and had a finishing yard. That is nonsense.
Bitcoin: nothing but a Ponzi Scheme.
ReplyDeleteDollars are made of printed paper, gold/silver are rocks. What gives anything value?
DeleteWhat make anything valuable is that I have it and you want it.
DeleteDoesn't matter if it is shiny metal, pieces of paper blessed by the treasury wizards, or the result of a long series of calulations, if I'm not accepting it in trade, they it is of no 'value'.
Gold is used in computers. Maybe you have heard of them. Silver in circuit boards like every car has not electric cars. 80s vehicles have one to tell injectors when to spay.and how much and HEI ignition control. We're screwed. Your ... well.you'll figure it out but probably too late
Deleteshow me your bitcoin collection!! Hurry up
ReplyDeleteLooking at that market cap list, it looks like I can identify some of the problem
ReplyDeletewe're dealing with..Apple:shitty overpriced tech crap Nvidia: watch it's bubble pop with the AI bust (coming up)! Microsoft: shitty, shitty software Alphabet: go ahead & be evil...you're doing it so well Amazon: Bezos' butthole bazzar Meta:narcissist's
playground Bitcoin: $$66000 per....you've gotta be a special kinda stupid.
Yeah. True value there, huh.
Bitcoin is the symptom of a society that can be bamboozled into thinking that a phantom fiat "money" actually has any value. If there are troubles affecting the internet and electrical grid, how are you going to spend them Bitcoins?
ReplyDeleteLike if there is a hurricane and you loose power and water. Make sure you have a back stock of ketchup to put on that bit coin to help it go down easier. Scooter man gets it.
DeleteBitcoin is where actual goes to turn itself into an opinion.
ReplyDeleteSorry: Bitcoin is where actual money goes, to turn itself into an opinion.
DeleteYou notice how fast that first 'money' disappeared?
Bitcoin===Tulip Bulbs.
ReplyDeleteWait - where's my NFT market?? I spend $1.2 million on a Bored Ape in a Flowery Hat picture.
ReplyDeleteThis list needs to be updated!
ReplyDeleteWhere are the Trump collectible NFTs that we all bought? And what about the Trump cripto-currency?
This list was created by the deep-state to hide the true value of all those amazing Trump investments.
Well hell, lets just elect a communist then. That'll fix it.
DeleteBrainwashed uneducated economic illiterates think this fiat is magical money. Same for the fiat dollar. Duh. No power, no bitcoin, or any of that FED-COIN jive crap. Keep stacking bitches. Watch your fiat dollars value continue to vanish.
ReplyDeleteStacking’ ! On it.
ReplyDeleteWondering why everyone is arguing over Bitcoin when th U.S. debt is more than twice the value of all the gold on the planet.
ReplyDeleteIf you're wealthy and it's only a small part of your portfolio. But idiots are putting everything they have into it. Might as well buy dinars.
ReplyDeleteI was tasked by my boss to explore bitcoin and see how the company could benefit from it. He dreamed of becoming rich from bitcoin mining. LOL. In short order I recognized it is a scam. Complicated and nonsensical and purposely so. I believe not one person participating in it have a clue what they are doing. I told the lazy bastard this and I got fired.
ReplyDelete