Why didnt u sell on top? 📉

[Xeux]

You need to have diamond hands.

[lilsteel]

@Koko_The_Monkey

My DOGEcoin investment so far has not quadrupled or even doubled.

Moved entire 401K savings in there and seems to gain no value over time

It more than double at start though.

From under 1 cent to 2 cents and so on.
That was 100%.
$2,000 + $2,000 = $4,000 in 1 week.

–
I only have $50 left to put in it.
I also have to pay another $3.25 on top of the other $15+ in transport for other delays and diversion,
which, Honey Badger misrepresent as proper procedure from their parts.

[Karak_Terrel]

@Adunh_Slavy

That’s not going to happen any time soon.

There are already a few solutions in various countries available. Sadly none of them where I live, but it’s just a matter of time.

[Adunh_Slavy]

@Merin_Ryskin

So I see you’re going to completely evade the point about how your “RAR GOVERNMENT BAD” nonsense is completely out of touch with reality?

Are you alt posting?

As for the argument, if you love the idea of government, then by all means feel free to pay more in taxes, encourage your favorite gang of thugs to continue with their imperialist impulses and go blow up some more children.

[Adunh_Slavy]

@Lucas_Kell

it’s about accepting that there are positives and negatives about everything.

I understand that, that doesn’t mean I have to keep my mouth shut about the obvious failures of the system. If you don’t like my critical remarks about it, government, don’t read them and don’t bother responding.

[Xeux]

You sound like exactly the sort of ruler we need.

[Koko_The_Monkey]

well i put in all 735,000 of my 401k into DOGEcoin and has not performed as expected or promised.

[Nana_Skalski]

I am not investing in cryptos buying high and selling low, so not really my gang.

But its reality, these people follow emotions and beliefs. Like I wrote earlier, like in the explanation I linked earlier, why its happening.
Someone who got convinced and bought bitcoins now instead of selling them. Another Newton like case.

[Renly_Rohan]

Some information about how corporations and governments are makiing their own crypto now. Reminds me of scrip.

Bitcoin's threat to the global financial system is probably at an end

[Merin_Ryskin]

@Renly_Rohan

Reminds me of scrip.

Ah, the blind devotion of bitcoin fanboys. Anyone but bitcoin making a cryptocurrency is “scrip”, but of course bitcoin is legitimate and not like every other cryptocurrency.

[Renly_Rohan]

Some more information about tax evasion.

In fact, even the homeless are mentioned. Yep, all that taxation and we still have homeless people. Thus the desire to avoid paying taxes through crypto.

Tax havens for the masses: How crypto makes tax evasion easy

[Merin_Ryskin]

@Renly_Rohan

You just described pretty much ALL modern currency though.

Let me guess, you think that the gold standard was not fiat currency?

[Nana_Skalski]

All modern currency is a currency that is guaranteed by central bank or similar organization and is an economic need in a society, where bank is responsible for its value, actual people who can be taken into court etc, its not some code of internet token for speculators, created by nobody knows who who premined it in case it will soar in value.

[Merin_Ryskin]

@Renly_Rohan

I suppose I should also add that while faith in the U.S. government and its currency is sinking, faith in other currencies are rising. Even the Yuan just got accepted as a global currency 5 years ago.

Still more useful than bitcoin.

So you are saying it cannot be used for tax evasion?

It can be currently because bitcoin’s lack of practical applications has resulted in the regulatory side lagging a bit. But it would be trivially easy to regulate and tax bitcoin to the point that it is even less useful for tax evasion than conventional currency.

(Although even now you’d better hope you don’t get audited. Bitcon’s semi-anonymity makes it harder for the IRS to pick you as a target but if/when they do your tax evasion will be revealed and you’ll be in serious trouble.)

I never said the other means would be technological only.

You did when you claimed that “hopefully means will be devised”. You certainly can’t be talking about regulatory solutions for allowing bitcoin to be used for tax evasion given that the people who implement regulations want to stop tax evasion.

[Renly_Rohan]

@Nana_Skalski

All modern currency is a currency that is guaranteed by central bank or similar organization and is an economic need in a society, where bank is responsible for its value, actual people who can be taken into court etc, its not some code of internet token for speculators, created by nobody knows who who premined it in case it will soar in value.

Guaranteed eh? I see promises getting broken at high levels all the time. Looking at history, I see a mountain of broken promises. Your faith is yours to keep. I have none in any of the above. Therefore, I am ready to move on the fly, because I won’t be dumbfounded when the next promise is broken. I expect them all to be broken some day.

[Xeux]

Bitcoin is flawless in its execution. The founders and early backers are not high profile celebrities - so the angry mob will not have anybody obvious to go after later (think John Law). The production of bitcoin was trivially easy in the beginning, but as the pyramid grows, it becomes exponentially harder. It has some tech/math mumbo-jumbo to lend it gravitas.

So long as the top-tier guys sell in time, they will make a vast fortune. My guess is that nobody will even think of going after them for fraud - everybody will believe it was all an honest mistake/financial experiment.

[Renly_Rohan]

@Merin_Ryskin

You did when you claimed that “hopefully means will be devised”.

Since the word “technological” is not in there, you don’t get to add it in yourself. Sorry. You write for you and I write for me. Not that I think you will respect this basic point of discussion any more than you have so many others on this forum.

Low tech solutions may also be devised, such as barter systems using specific items as currency.

But also, Schnorr signatures were added to bitcoin about 5 years ago and it looks like Taproot is coming this fall.

J5 came to be only a couple years ago. Controlling Bitcoin could take some time. Hopefully, enough time for other means to screw crooked governments even harder.

[Merin_Ryskin]

@Renly_Rohan

Since the word “technological” is not in there, you don’t get to add it in yourself.

Sure I do. In fact I did exactly that. It’s the only way for your statement to make even the slightest bit of sense.

@Renly_Rohan

Low tech solutions may also be devised, such as barter systems using specific items as currency.

Yeah, sure, that’s even more wishful thinking than the rest of your bitcoin fanboying. Barter systems are never going to become relevant.

But also, Schnorr signatures were added to bitcoin about 5 years ago and it looks like Taproot is coming this fall.

There you go again mentioning technological solutions that will do absolutely nothing when the government says “unregulated bitcoin is illegal”.

[lilsteel]

@Koko_The_Monkey

well i put in all 735,000 of my 401k into DOGEcoin and has not performed as expected or promised.

Yes, timing is of the essence,
and, when you have a big ass ship blocking the way,
the expectation to go through may not be performing as expected,
for some logistics reason related to the time of the essence.

–
After reading some of the previous posts,
may I suggest a new,
Bitcoins sales,
financed new forums mod (forums mod, as in for, module…)
so as to help with improved self-moderation powers,
which would put sort of a damper of the publishing of the post.

Sort of like, when the post is minimized and you can’t read it,
or some other forms of reading tweeking (add tweeking to Dictionary…),
not to say twitching.

It could possibly be one of those,
improve quality of life feature available to the actual mods,
which we will not discuss here,
so as to keep their trade secret secured and sealed under locks,
or, vault secured type doors with hinges or other.

[lilsteel]

@Merin_Ryskin

NFTs

Non-fungible token

NFTs: a new disruptor in the art market?

Everything You Need to Know About NFTs—the Crypto Art Selling For Millions

–

@Merin_Ryskin

The number of people who are so dedicated to libertarian ideological purity that they would use a barter system is too small to matter on a national scale.

Money is a form of barter system approved by government for some amount of equality in regards to the amounts of values, and ,
diplomatic exchange rates of those values.

The fact that it is based on , not backed on,
the US Dollar simply was an Allies decisions during WWII,
after some 1941 to 1942 meetings,
which led for this to occur.

It doesn’t mean that the US dollar is worth more or less,
or that they have more capital.

It means they did a part in the war which was good enough for other countries with the UN to vote on that.

–
When parties and forces attack that system from different diplomatic channels,
what can happen is that they steal the diplomatic instrument with which this equality is distributed.

This can lead to changes in diplomatic resolves,
such as which amount of force is required to counter the force causing and seeking to cause the diplomatic disruption in that system.

When those in decisions decided to change the interest rate to equal the balance, they did it.
They didn’t ask you or him or his sister or others if it would work.
They make it work like that.