It is honestly past the point of fixing. You couldn't even bring in a true businessman that wants to magnanimously clean house and reform our toxic fixed game. Everything is too embedded. From now to 2030 is going to be very interesting, I hope I get to see it.

Thoughts on Outlet Finance? Asking for a friend. Anyone use it before, or can explain how 9% is feasible?

I think I've read in here that the number is not outrageous, but there are caveats. They're not the only place offering returns like that

Why 2030?

9% is easy but they are probably a scam. You can get >> 9% in much safer vehicles.

research Rehypothecation...

That 9% has nothing to do with BTC though, right? It's for funds that are converted to stablecoins.

Just saying the next 8-10 years, that's all. I would guess it passes gold in market cap sometime before, and also will be more popular than USD worldwide.

Saw someone make an interesting observation the other day: "There are 21 million bitcoin that are eventually going to be divied up between 10 billion people. You do the math."

2030 is a major deadline for current policy making.

ESG step1 is the best advertised. for example, Europe and the USA are competing vs China in the race for green Hydrogen. The "joint cost" of this is 10T (Euro + USD) for research and is planned to be "raised and spend" by 2030.

Another important one but less advertised at this point is "cybersecurity and safety".

People expect the road to 2030 to be wild and rocky as global compliance will be necessary to achieve set goals.

Appreciate the responses. And apologies, as I probably should have posted in the alt thread

What would make you think BTC (or any crypto) would become more popular than USD in the next 10 years? This seems like an insane thought.

It’s not insane if nothing changes from here till 2030.

Better get paid with real money instead of fiat money for the common workers .
All this stuff is just about the value of time in the end .

I guess society will eventually have to chose what as more value between time or stuff .

The theory: Worldwide governments always respected the USD because the US government followed a relatively stable fiscal policy in terms of money supply. That policy has been thrown aside in the last couple of years, and worldwide governments may choose to try to tack to a different asset with an absolute stable fiscal policy that isn't subject to the whims of whoever's in office that year.

Essentially, worldwide people may prefer to have no one/everyone in charge than someone in charge.

So you think people may prefer to use a wildly fluctuating asset (BTC) over one of the most stable assets (USD) as a currency because joe biden/the senate overreacted/wanted to play hero during the pandemic?

At some point joe and the rest of the federal government are going to admit that spending/printing at these levels was a huge mistake or at the minimum admit that they may have slightly overreacted but they promise they will never do it again and people will look at the history of the USD and realize that this just doesn't happen enough for them to move their money from USD to BTC.

the US had a spending/debt/ problem long before the pandemic

bahbah ngmi

Sry as ******ed of a take as BTC becoming global settlement is, I think your take just topped everything on the scale.

Impressive. Please keep on

The US gov't could be bordering on collapse in ten years

Does that even sound like a hot take anymore? The insanity and the people's insanity of all stripes is off the charts

I agree it was already a problem, but ‘08 and 2020 were different. At 60% of GDP the debt was manageable. At ~125% it has us heading towards becoming the next Japan. There is still some hope that the federal government can turn things around and stop pretending they are Oprah giving everyone a million dollars. Dems seem hellbent on maximizing the amount of people dependent on the government and if trump wins the next election he doesn’t seem like the solution to this problem.

https://www.macrotrends.net/1381/deb...storical-chart

So you don’t like the take that BTC is likely to replace USD as the most widely used currency in the world and then I say that isn’t likely and you disagree with me too? Or did you not like that I said the government would admit they made a mistake printing and handing out too much money?

Saying the government is on the brink of collapse is just silly. If the printing of money and the Oprah style handouts continue the US becoming a slow growth economy like Japan seems far more likely than a federal government collapse.

lots of stupidity still, can't believe people still don't believe in crypto in todays environment. what more proof do u need that crypto is here to stay?

Trump would of been worst by far !
Didn’t he in 2018-19 complain about Powell for raising interest rates while trump wanted interest rates to go down o0?
Low interest rates makes good headlines in the “fake news” seeing the stock market is booming so the economy runs great right ?

While today we see one as nothing to do with the other .
Economy in shambles with low interest rates not helping at all and stock market all time high, making even ATH during a total shut down of the world economy….

Trump was making deficit of 1 trillion in debts for tax cuts to corporations …
As if they need it more profits to buyback their shares since it’s more profitable to do that in paper money (stock market) then actually creating something of real value and creating jobs.
It’s easier today for corporations to do profits on the stock market than to make money from the real economy.
Thx money printing.


Something going to go wrong …

https://www.cnbc.com/2019/09/18/trum...no-vision.html

"Trump’s tweet after the rate cut Wednesday was no exception. “Jay Powell and the Federal Reserve Fail Again,” Trump tweeted, adding that Powell was “a terrible communicator!”

The president was apparently looking for a much larger cut; he had called for the Fed to bring interest rates “down to ZERO, or less,” just last week."

Imagine the damages...
The guy did made 7 bankruptcy right ?


yeah sure, that is the point is it not ?
As long the US keep its reserve currency status.
i suspect once its gone, look out how fast the dollar goes down and inflation spikes.

How did i miss this thread 10 years ago

Stability as compared to what? Each other?

Oh, I mean government admiting mistakes has wayy less chance of happening than nation trading with each other using bitcoin.

I would say for every 100 times bitcoin becomes the standard of value transfer, the gov might admit the full length of their mistake MAYBE 1 time.

Bitcoin flipping USD is almost a guaranteed at this point, a black swan is still possible. Economic incentives of bitcoin>economic incentives of every government right now. It's only natural that capital and energy will migrate

Dude could be worse, I was actually lurking but my arms were crossed