The extremes on both sides are wild sometimes. The odds of the US govt collapsing as a result of its spending are very low. The odds of a dollar collapse are very low, although a steady decline will continue. Bitcoin has been accepted as a store of value and is here to stay. But the Shuffles who believe impending doom will lead to hyperbitcoinization...I mean, that seems just as unlikely.

As people who read my posts know, I am much more concerned with how crypto can help the world survive rather than getting rich and numbering going upping. I believe a transition to a steady state/post-growth/whatever you wanna call it economy will become imperative in the coming decades.

Is Bitcoin more suitable than fiat as our base money in that future? While I am worried about Bitcoin's potential to greatly dampen investment as the risk of holding cash goes away, I am beginning to think perhaps that is preferable to the current paradigm.

Does anyone here have any thoughts on this? Investors need to start prioritizing life and the planet over getting rich. Market forces will coerce them soon enough. Or they won't, and we'll just approach the brink of collapse and **** around finding out.

I hope this isn't aimed at me. I own some crypto.

I can't comprehend how one could think trump would be worse than biden in terms of printing money and giving away handouts. Trump may not have a great understanding of how the economy works, but I just don't see how you can say he would print/handout more money than biden has. I think you need to separate why you may dislike trump and his economic policy vs biden's economic policy.

Of course trump wanted rates lower during his presidency - every president does as it makes them look better.

The dollar isn't strong because it is the world's reserve currency. It is the world's reserve currency because it is really strong.

This seems like a bold statement.

Things that the USD is more stable than BTC to: bananas, jeeps, basketball shorts, piano lessons, ground beef tacos, Hydrangea flowers, computers, office chairs, hotdogs, hair extensions, cocaine, gasoline, rent, lightbulbs and boomboxes.

EDIT: This is not a complete list.

I'm not implying critics or doubters will go away. Is gold not accepted as a store of value? I believe saying yes is an uncontroversial statement. Yet plenty of investors, such as Buffett, feel that gold is useless trash.

I'm not a goldbug. I'm not a maxi. But it's clear to me BTC will have enough believers, just like gold, to make it a mainstay for a long time to come.

Bitcoin has great potential, but it's a baby.

A single use case other than crypto kitties? No doubt it will stay, Herbalife and Amway are still around, so why not safecoin and cumrockets.

Mr. Malaka is not going to make it.

If I were to bet on something that is most likely to be worth close to the same value or more in 1 month, I'd pick USD every time.

If I were to bet on something that is most likely to be worth close to the same value or more in 20 years, I'd pick Bitcoin every time.

Institutions investing billions; This seems like a bold statement. Much more bold than his.


Did you ever get off the sidelines and make money w crypto or have you just watched and missed it all while being the smart one in the room.

Do you ever reconsider your position or at least how you spend your time?

I can't imagine watching this space for years and years doing nothing but miss value and still come back to say silly one liners to people who have made a fortune while you've added post count.

It would take too much time to correct thiS……
No energy to go through a brick wall .

You mean HFSP?

Mr Malaka is doing just fine in real money(filthy fiat if you will). Did ok in shitcoins too. Got in master of shicoins ADA post ICO in 0.03-0.05 range. Held so much of master of Defi shitcoins Aave that I had a shirt delivered from Stani(or maybe it was Vile) also a week or two after it hit the market as EthLend.

In last 3.5 years I used that shirt more often than any crypto. And every time I ask someone what they use it for, they resort to ad hominem instead of answering a simple question.

Trump would absolutely be worse.

You cannot massively cut incoming revenue to gov't while ballooning the debt and at the same time doing things that will not only end population growth but cause years of population contraction.

His debt to GDP ratio was absolutely horrendous.

If you want to end immigration and deport mass numbers of people on that path, while you have a birthrate that leads to population decline, then you have to, on the other side of the ledger, Maximize incoming receipts (gov't income) and focus on reducing debt in increments each year as your economy shrinks.


Trump was running gov't exactly as he ran his businesses. Piling up the debt to focus on short window dressing results by juicing companies short term gains. All of which would start a time bomb ticking for the future and just like any business he runs heading for bankruptcy.

I could come to your Mackey and explain it to these knuckleheads, but what would be accomplished with proving a leftist agenda wrong... they would become more entrenched.

In the simplest terms, sugar is sweet but you can't go on eating it forever... nor is it actually good for you long term.

Malaka, do investors buy gold to use it? No. To spend it? No. Why is Bitcoin any different?

While I agree you can’t print monies forever, interest rates seemingly stay low long term in fully mature, service based economies. And the RIGHTEST AGENDA always conveniently ignores revenues.

I agree with both of those statements. However, we were talking about which of USD or BTC is more stable and it isn't even close. The fact that 3 people have now tried to argue or make some kind of wacky point against the fact that BTC is more stable that USD is mildly alarming. BTC doesn't need to be stable to have value as it doesn't need to be everything to everyone.

I can't even comprehend how one could argue against anything I said. I understand some people like to argue, but you are starting to sounds like Stephen A smith by trying to argue that water isn't wet and gravity doesn't really exist. I mean seriously how can one argue that trump would have printed more money and given more handouts than biden has. For years dems have said we need more handouts and repubs have said they want less handouts and biden is a dem and trump is more repub than dem.

EDIT: are you maybe doing the same thing cuepee did and not read the whole sentence?

Please re-read what I wrote. I said "I can't comprehend how one could think trump would be worse than biden in terms of printing money and giving away handouts." Bringing up cutting taxes, closing the border or anything else trump did is complete off topic.

The only way hyperbitcoinization can happen is if central banks/govs decide they holding and inflation targeting bitcoin is not worth letting respect fiat, ie the USD, inflate out of existence.

It CAN'T happen. Hyperbitcoinization is a ruse created by Daniel Krawitz. He already admitted it to me.

Isnt easier to print money when interest rates are at 0 % ?
Think about that .…

Thinking the reserve currency is because the US dollar is strong and not because the rest of the world as no choice for now is another point you should also think about as well .
You seem to not understand that manipulating the value of currency as a huge role in today’s economy for a very long time now-> China is an example .

Swiss franc as higher value than the US dollar , the euro as well , the British pounds too …

You attribut factors to stuff that have absolutely nothing to do with it .
The US dollar became the reserve currency because they had he most gold at that time and bluntly put , around the only nation with a stable , strong economy still running , and still was connected to the gold standard at some level .
It was a means to help reconstructed the world and using the US as an intermediary.

Punker at 46766 gave u a great explanation …

[QUOTE=cannabusto]

Sure. It's all I think about. From denial to depression to acceptance. The work needs to be done by yourself tho

Since you're actually open minded.. I think this short video sums up pretty well what btc can do for humanity

Https://youtu.be/r7lm7IHnKDw

And it's only the beginning. People will build on this network, because once you are part of it, you have an economic incentive to benefit bitcoin... and yourself.

As far as a mean of exchange having a fixed supply, any guess is just speculation. There is nothing else in this world we compare it to. We just never had it before. I agree inflation is needed for growth on steroid, but growth on steroid =/ happiness, fulfillment.

Look up jeff booth; he prones deflation. He even has a book.

My friend sends me Bitcoin monthly for some work I do for her online. I made $100 extra dollars once! It works but it wasn't my favorite at first, I do prefer Zelle, but I always hope that I'll wind up making something. Honestly don't understand how it works 100% but I've been learning more about it!

What, exactly, do you think my position is?

[QUOTE=kekeeke;57264780] Thanks for the reply. I’ve heard of him and his book. Perhaps I should grab it.

Just stop arguing that trump would have printed and handed out as much money as biden would have. A huge majority of people form both sides of the aisle think that is a ridiculous thing to argue.

What do you mean the rest of the world doesn't have a choice in what currency they use. They have had the choice of hundreds of currencies over the last 100 years and overwhelming most people choose the USD over all others.

I completely agree china (and a lot of countries to a lesser extent) manipulate their currency. That is another reason why people all over the world choose USD over other currencies.

Who cares why people all across the world choose the USD hundreds of years ago. They make that decision every day and everyday people wake up and still prefer USD over other currencies.

With all due respect to punker (and I already made this point), while some people may switch from using USD to BTC the masses are highly unlikely to in the next 10 years because the USD is more stable than BTC. People don't like pricing things in a "currency" that wildly fluctuate and people don't want to keep money they can't afford to lose in an asset that fluctuates as much as BTC.

probably nothing

AUG 11, 2021: LIGHTNING WALLET STRIKE NOW ENABLES BITCOIN WITHDRAWALS