Is There a New Dotcom Bubble?

@Damocles, I wasn't going to respond to your first message, but against my better judgement, I did.

Your latest response is even more bizarre and I don't even know where to begin.
LOL! monumental exaggeration. There is no country in the world you can "spend cryptos anywhere", I can assure you. Except for El Salvador; a country where 70% of the population doesn't even own a bank account (that's an endorsement...).
My wife and I, as well as many of my friends, spend crypto all the time. As I stated before, I buy all my food shopping and fuel with crypto, but I can spend it on anything I like, and in any shop. I have a choice at all times of what currency I want to use to purchase products, so what are you assuring me of? Just admit you were wrong! It's quite clear that you don't know what you're talking about and you're starting to embarrass yourself.
HA HA! yeah... and I'm sure that dealership paid the supplier in "crypto" too... :(
It wasn't a select dealership that just happened to accept it; he could have bought a car from any dealership in the country, using crypto. Your understanding of this subject is so poor that I don't even know why you are discussing it. What is your motive? If you wanna learn about it then fair enough, but don't pretend to know what you're talking about.
BREAKING NEWS: there are people with more money than sense. All you have to do is look at insolvency statistics to know that
As I said before, I don't know why we don't learn about finances in school. It's obvious that a lot of people could really benefit, and it could help stop people going into debt. It's also helpful to know ways of making your money go further for you.
If all the shops on my local high street start accepting Monopoly notes as currency tomorrow, then I'm going to fish out my old board and have a ball! Then we can enjoy a cold bottle of Cristal Vintage (at no cost to us) while those same shops file for bankruptcy, along with that dealership that sold your friend the Mustang. ( ͡° ͜ʖ ͡°)
It's funny you talk about Monopoly because that's exactly what our governments are currently doing with fiat. They are printing so much money out of thin air (you could call it Monopoly money if you want) that it's rapidly devaluing the money that's in our bank accounts. Crypto is the opposite. It's kind of like going back to the gold standard.

History has demonstrated time and time again, that once civilisations start to dramatically debase their currencies, it doesn't end well.
 
Did you guys see how SNAP lost over 25%?

Dotcom bubble 2.0.
A foolish comparison. The companies in 2000 either weren't making money or had insane P/E ratios. SNAP makes money, a lot of money. Look at the P/E radios for big tech companies like Google, Microsoft, or Apple. They aren't unreasonable, and all of those companies had higher ratios 5-10 years ago. Tech is the future. Any company that doesn't take tech seriously will get replaced by one that does.

I don't own any Tesla stock directly, but I don't think it's that overvalued. It has a great brand, it doesn't deal with dealerships, it's embraced tech, and it's led by someone who is a visionary. People were saying the same thing about Apple being overvalued ~12 years ago - and those people were very wrong about Apple. Don't underestimate a good leader who's working with a strong brand.
 
@Damocles, it's all just banter to me so don't take anything personally.

This is how I spend crypto. I have a metal card that is fully backed by Visa. This is it:

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These are the perks I get:

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These are the currencies I can use directly with the card (but many others can be converted). You'll see the tab at the top that allows me to use cryptos, fiat money from my bank account, or a credit card.

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I get 3% cashback on everything I spend, and then 12% PA interest on it as it accumulates. I can also use it in any country, and I automatically get the best exchange rates.
 
I think you're wrong. Bitcoin/Krypto is already mainstream for some companies - which allow it for payment.
Yes and mark my words, we'll be picking up the pieces when that goes wrong.
This is conspiracy theory - oh no - but, if the government teams up with corporations - to make it user friendly for all the simpletons out there, it can become mainstream one day.

Then they will, theoretically, outlaw all other digital coins.
I think unless people worldwide put up a significant amount of resistance to digital transactions in general, then a single digital currency controlled by a world bank is inevitable. However, I do not believe that that digital currency will be Bitcoin or any other cryptocurrency; because these afford their users a (varying) degree of anonymity.

People using "crypto" are already switched on about privacy and surveillance, so if anyone ever tampered with that it would be flagged right away. Just like if any developer of a Linux distro or any other OSOS started implementing telemetry, it would be noticed and it's user base would abandon it.

It's far easier to expand a widely accepted currency that is already traceable. Half the work is done for you with the Euro and the Dollar. Why bother setting mouse traps when you've already caught and caged all the mice? Just change the name and force more countries to adopt it in the name of ever closer union. Why do you think the EU lost it's mind over the (temporary) departure of the UK?
People would have never believed drugs being legalized/decriminalized.
Meh, that's just table crumbs for the plebs. Keeps people pacified and makes them stupid like alcohol and Instagram.

They could make those things illegal again tomorrow, or legalise them all; the same people will be making the money, the only change is that their business goes from being unlisted to listed.
 
A foolish comparison. The companies in 2000 either weren't making money or had insane P/E ratios. SNAP makes money, a lot of money. Look at the P/E radios for big tech companies like Google, Microsoft, or Apple. They aren't unreasonable, and all of those companies had higher ratios 5-10 years ago. Tech is the future. Any company that doesn't take tech seriously will get replaced by one that does.

I don't own any Tesla stock directly, but I don't think it's that overvalued. It has a great brand, it doesn't deal with dealerships, it's embraced tech, and it's led by someone who is a visionary. People were saying the same thing about Apple being overvalued ~12 years ago - and those people were very wrong about Apple. Don't underestimate a good leader who's working with a strong brand.
You fail to mention that tech companies are not paying any tax.

As for Tesla, I would never buy a car that can take half a year to get repaired for minor damage.
 
Your latest response is even more bizarre and I don't even know where to begin.
@Ed209, your second last response to me was bizarre and nonsensical, and I can tell you don't know what you're talking about.

You see how easy that is?

If I had *one* POUND STERLING for every time I saw this manoeuvre employed against a point one couldn't disprove, we wouldn't even be having this discussion, because I would be so rich, that the ensuing crash and inevitable bailouts caused by cryptocurrency, that my taxes are going to be put towards, would be but a drop in the ocean to me.
As I stated before, I buy all my food shopping and fuel with crypto, but I can spend it on anything I like, and in any shop.
Yeah, I mean, I live in central London - the only part of the UK that has a f*cking tube network or EV recharge points to an amount that actually make having an EV worthwhile, and I don't know of any IRL store that would accept Bitcoin as payment- so what do I know...
Just admit you were wrong! It's quite clear that you don't know what you're talking about and you're starting to embarrass yourself.
Talk to me about this in another decade and we'll see who was "wrong".
 
I think unless people worldwide put up a significant amount of resistance to digital transactions in general, then a single digital currency controlled by a world bank is inevitable. However, I do not believe that that digital currency will be Bitcoin or any other cryptocurrency; because these afford their users a (varying) degree of anonymity.
Bitcoin has every transaction that's ever occurred on the ledger. It's as transparent as you can get. Where do you get your information from? Genuine question because you couldn't be any more wrong. Cash can be just as easily laundered and/or hidden. Criminals have been doing this stuff since the dawn of time, and it doesn't really matter which currency they use.

There are privacy coins such as Monero, but that's more of a niche market.
Yes and mark my words, we'll be picking up the pieces when that goes wrong.
What about the fact that fiat is going drastically wrong? Why do most people have their heads in the sand about the ever rising debt bubble? It's crazy to me. That's what paved the way to this revolution in the first place. People got sick and tired of seeing government-issued money being manipulated and badly regulated.

Why does a bank have to control anything in this day and age? Decentralised crypto can be perfectly self-governed. You get all the same properties as what we have now, but without a central power manipulating the supply to their advantage. And let's face it, they have royally fucked up the worlds economy by printing too much money. It's indefensible.

The bankers who cause all these recessions are sleaze balls, who are protected by other sleaze balls. Look how the credit agencies lied about the shit that was in those MBSes, CDOs, and bonds. It was all junk and they knew it, but it didn't stop them giving out A to AAA ratings. It's a farce. They nearly ruined the world, and none of them went to jail. Instead, the debt was put onto the taxpayers. It's events like these that show where the real power lies. They hate crypto because it gives power back to the people; that's why there's so much misinformation and propaganda put out there by the banks.

All banks will convert to digital currencies. This isn't in question. They have to because they are stuck in the dinosaur age technology-wise. They haven't been forward thinking or innovative at all and now it's catching up with them big time. Bitcoin has become a kind of digital gold, and as countries continue to fuck their native currencies up, more and more people will start to put their money there instead.

As I said before, though, crypto ain't all about money. This space is primed to explode with innovation that will fundamentally change the world.
 
If I had *one* POUND STERLING for every time I saw this manoeuvre employed against a point one couldn't disprove, we wouldn't even be having this discussion, because I would be so rich, that the ensuing crash and inevitable bailouts caused by cryptocurrency, that my taxes are going to be put towards, would be but a drop in the ocean to me.

You've gotta be kidding me! Have you not seen the state of the world? The Euro created more bailouts than I can even remember. It's a joke. Go and watch that video I posted as the situation is laughable (and it's much worse now than when that was made). Where does the bailout(s) money come from when every country is broke?
Yeah, I mean, I live in central London - the only part of the UK that has a f*cking tube network or EV recharge points to an amount that actually make having an EV worthwhile, and I don't know of any IRL store that would accept Bitcoin as payment- so what do I know...

Are you really this stupid or are you just pretending? :banghead: Sorry mate, but either you're incredibly thick or you're just joking at this point. I'll repeat, you could spend Bitcoin in any real life store - unless none of the stores in London take Visa anymore - but why would you want to? Most people treat it as a store of value more than a currency they would want to spend on daily goods and services. In other words, it's worth more to keep it than to spend it.

I use the interest that my cryptos generate. I upload them to my card and then I spend them. In theory, if I still had some Bitcoin, I could spend just the 6.5% interest it generates, and leave the rest to appreciate in value.
Talk to me about this in another decade and we'll see who was "wrong".

In 10 years, the adoption will be massive compared to now. Look at the growth curve and the current statistics. It's growing exponentially and is the fastest adoption of a new technology in all recorded human history.

Remind me to never debate with you again. Jesus Christ, you're hard work :LOL::ROFL:
 
Are you really this stupid or are you just pretending? :banghead: Sorry mate, but either you're incredibly thick or you're just joking at this point.
Ah you got me @Ed209. Hands up. I was hoping you wouldn't notice, but the truth is I am both stupid and thick; which is why I bother to argue with you. ( ͡° ͜ʖ ͡°)
You are 100% right. The vast majority of people do not understand how money works, and/or how it's created or controlled. They literally have no clue. This is evident from the way people use credit and then get themselves into financial trouble. Credit card companies know this which is why they play on people's ignorance so much. It should be taught in school.

As I said before, I don't know why we don't learn about finances in school. It's obvious that a lot of people could really benefit, and it could help stop people going into debt. It's also helpful to know ways of making your money go further for you.
This is the only thing I'd agree with you on, if we were having this debate twenty years ago. Have you actually seen what passes for a "student" in secondary school now? Let's talk about writing and vocalising a coherent sentence before we begin to consider economics classes for them.
It's funny you talk about Monopoly because that's exactly what our governments are currently doing with fiat. They are printing so much money out of thin air (you could call it Monopoly money if you want) that it's rapidly devaluing the money that's in our bank accounts. Crypto is the opposite. It's kind of like going back to the gold standard.
"Crypto" is toy money. Monopoly money would actually have more legitimacy.
Bitcoin has every transaction that's ever occurred on the ledger. It's as transparent as you can get.

There are privacy coins such as Monero, but that's more of a niche market.
How do you do that? Quote me and misquote me at the same time. That's quite the skill.

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How is that not clear? I'm saying that cryptocurrencies as a collective offer varying degrees of anonymity running from a scale of pseudonymous (Bitcoin) to fully anonymous (ZCoin).

And by comparison Bitcoin being the least anonymous of all the cryptocurrencies, is still waaaaaaaay less traceable than digitised forms of established currency; which is not what banks or governments like.
Where do you get your information from? Genuine question because you couldn't be any more wrong.
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This was my first post to you in this thread.

If you just worked on your reading comprehension, neither of us would need to waste our time on such trivial Q&As.
Cash can be just as easily laundered and/or hidden. Criminals have been doing this stuff since the dawn of time, and it doesn't really matter which currency they use.
I wasn't talking about cash when I referenced the Euro and the Dollar, I was talking about their digitised forms. How much clearer do I need to be when I'm speaking about the future prospects for a singular digital currency?
You've gotta be kidding me!
I sort of was. The comment about my taxes being used for the bailout was just to compliment the point I made about how rich I'd be for every time I saw someone accuse the other guy of making no sense; the truth is I couldn't care less. I'm as emotionally invested in the future of cryptocurrency as I am financially.

The inevitable crash for people that invested in Bitcoin etc. will happen, but it won't affect me, and I don't really foresee any bailouts either, just a lot of bankruptcy.
Have you not seen the state of the world? The Euro created more bailouts than I can even remember. It's a joke. Go and watch that video I posted as the situation is laughable (and it's much worse now than when that was made). Where does the bailout(s) money come from when every country is broke?

What about the fact that fiat is going drastically wrong? Why do most people have their heads in the sand about the ever rising debt bubble? It's crazy to me. That's what paved the way to this revolution in the first place. People got sick and tired of seeing government-issued money being manipulated and badly regulated.
This fearmongering whataboutism is pretty much cryptocurrencies' only selling point, and even then it just sounds like: "I noticed your car has a blown tyre, you should trade it in for this one which has had it's brakes cut".
Why does a bank have to control anything in this day and age? Decentralised crypto can be perfectly self-governed. You get all the same properties as what we have now, but without a central power manipulating the supply to their advantage. And let's face it, they have royally fucked up the worlds economy by printing too much money. It's indefensible.
This is very naive thinking, and like with a child, would only be rectified by experience not explanation. Do you not think there was a time in human history before centralised banks? I'd suggest you ruminate on how they came to exist, and why?
The bankers who cause all these recessions are sleaze balls, who are protected by other sleaze balls. Look how the credit agencies lied about the shit that was in those MBSes, CDOs, and bonds. It was all junk and they knew it, but it didn't stop them giving out A to AAA ratings. It's a farce. They nearly ruined the world, and none of them went to jail. Instead, the debt was put onto the taxpayers. It's events like these that show where the real power lies. They hate crypto because it gives power back to the people; that's why there's so much misinformation and propaganda put out there by the banks.
Now you sound like a conspiracy theorist. Welcome to the club. :huganimation:
In 10 years, the adoption will be massive compared to now. Look at the growth curve and the current statistics. It's growing exponentially and is the fastest adoption of a new technology in all recorded human history.

As I said before, though, crypto ain't all about money. This space is primed to explode with innovation that will fundamentally change the world.
This makes me think of a boy I went to school with. We found a comic book store on the way home and he bought an issue of X-Treme X-Men #25. When we left he said to me "could be worth money in the future, you never know". I didn't have the heart or energy to say anything to him, but that's not how it works.

You're a guy trying to do quadratic equations before he's even learnt how to do multiplication, but you'll have no idea what I mean by this, because I've already told you why cryptocurrencies won't ever be a thing, and if you didn't experience an epiphany on my first attempt, you're not going to on my second.

Everyone's entitled to their dreams (delusions) I guess.
I buy all my food shopping and fuel with crypto, but I can spend it on anything I like, and in any shop.

he could have bought a car from any dealership in the country, using crypto.

I'll repeat, you could spend Bitcoin in any real life store - unless none of the stores in London take Visa anymore
First of all, Visa isn't a currency. Your card might be accepted by cashpoints that accept Visa, but the currency you're claiming you can pay anywhere with is still Bitcoin. So if you try to pay for goods with a currency that a business sees no value in, they're not going to allow you to leave with said goods, because then they may as well just be handing you them for free.

Now, I really must be stupid, because I appear to be missing something here...

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These are the retailers where you can spend your cryptocurrency (retailgazette.co.uk)

(Lists 7: the only major retailer on that list being Amazon, and that's not an IRL store)
Tesco, Sainsbury's, Marks & Spencer, John Lewis, Asda and Argos don't directly accept digital currencies at the moment but they all accept gift cards through Bitpay.
Places in London that accept bitcoins - Where To Spend Bitcoins UK

(Lists 55: and not a Waitrose, Sainsburys, M&S, Tesco or Asda among them)

Unless you want to record yourself going into one of the above named major supermarkets and film yourself actually paying for items with that card using Bitcoin, upload it to YouTube and then embed it here, I'm going to have to assume you're lying. Why? I don't know, but something's not adding up.
Your understanding of this subject is so poor that I don't even know why you are discussing it. What is your motive?
I'd like to ask you the same question.

I'm crediting you with naivety, but you're starting to remind me of this guy:


Remind me to never debate with you again. Jesus Christ, you're hard work :LOL::ROFL:
Heh, I won't. The onus is on you to remember. I could be such a likeable guy if I just put up with bullsh*t, but that's never going to be me.

But seeing as you're done and have no intention of replying to me ever again ( ͡° ꇴ ͡°) I guess that gives me the last word (which I'll gladly have).

Tell me, how does one purchase Bitcoin? No, no, don't answer that, it's a rhetorical question. ( ˘ ͜ʖ ˘)
 
@Damocles, you're one of the funniest guys I've ever had a conversation with. Thanks for making me smile during these depressing times. I was legitimately howling at some of your replies in your last post; you would argue that black is blue just to try and prove a point (instead of admitting you don't understand the subject we're discussing).
Now you sound like a conspiracy theorist. Welcome to the club.
How so? These are widely known facts; there's nothing conspiratorial about what I said whatsoever. Do you think the financial crash of 2007-2008 is a conspiracy theory? Or the fact that the credit agencies lied/were incredibly incompetent? What are you talking about? It's funny as hell, though.
First of all, Visa isn't a currency. Your card might be accepted by cashpoints that accept Visa, but the currency you're claiming you can pay anywhere with is still Bitcoin.
What? :ROFL: Do you know what currencies are? If you were to go to Turkey, for example, what would you do if you wanted to buy something? What about if you went to Spain, Mexico, or America? Do you take your pounds with you and demand the shops there take them? If you use a card like I do, then the exchange is automatically done for you. Currencies are exchanged during transactions all the time, but it has to be with a currency that has a recognised value for this process to work. Bitcoin has it's own value that isn't specific to a particular country, but it can be used anywhere that excepts Visa, Mastercard, or PayPal, because they process it for you. I don't get how you don't understand this after repeated explanations. You can spend crypto anywhere. I spend it everyday, and that's why your posts make me laugh.
Tell me, how does one purchase Bitcoin? No, no, don't answer that, it's a rhetorical question. ( ˘ ͜ʖ ˘)
How does one purchase any currency? Do dollars and pounds grow on trees, or am I missing something? I believe most people use what's called an exchange :rolleyes:

There are many high-profile people - and regular folk - that now opt to have their salaries paid for in Bitcoin, so for them, they earn it like you earn pounds.

I will just point out here that most cryptos are trash that will go to zero. Some are going to be game changers, though.
 
I just watched your video. Most cryptos have a fixed supply; fiat currencies don't.
Waitrose, Sainsburys, M&S, Tesco or Asda among them
I forgot to add that I've used all of these stores at one point or another. I've used CRO, ETH, ADA and VET to buy things.
Unless you want to record yourself going into one of the above named major supermarkets and film yourself actually paying for items with that card using Bitcoin, upload it to YouTube and then embed it here, I'm going to have to assume you're lying. Why? I don't know, but something's not adding up.
It's not adding up because you don't understand it! I tried to help, so you can't blame me for that.

Here's Matt Damon explaining the card I've been using for 18 months (well, kinda :LOL:):

 
you would argue that black is blue just to try and prove a point (instead of admitting you don't understand the subject we're discussing).

Well, I quoted you to my sister, and she said whoever you are, you're right; so I'll give you a point for that.

In any case, I'm going to wish you luck in your "crypto" investments @Ed209, as long as if/when you make your fortune, you remember to put a decent amount of it towards a treatment for the condition that brings us together for such fun and leisurely pursuits as this.

All the best,
@Damocles
 
Well, I quoted you to my sister, and she said whoever you are, you're right; so I'll give you a point for that.

In any case, I'm going to wish you luck in your "crypto" investments @Ed209, as long as if/when you make your fortune, you remember to put a decent amount of it towards a treatment for the condition that brings us together for such fun and leisurely pursuits as this.

All the best,
@Damocles
As I said @Damocles, it's all banter at the end of the day. There are no hard feelings, and you definitely lightened my mood, so that's always a plus.

I invested on behalf of Tinnitus Talk, so it's in the hands of the data gods now. What will be will be.
 
Yes and mark my words, we'll be picking up the pieces when that goes wrong.

I think unless people worldwide put up a significant amount of resistance to digital transactions in general, then a single digital currency controlled by a world bank is inevitable. However, I do not believe that that digital currency will be Bitcoin or any other cryptocurrency; because these afford their users a (varying) degree of anonymity.

People using "crypto" are already switched on about privacy and surveillance, so if anyone ever tampered with that it would be flagged right away. Just like if any developer of a Linux distro or any other OSOS started implementing telemetry, it would be noticed and it's user base would abandon it.

It's far easier to expand a widely accepted currency that is already traceable. Half the work is done for you with the Euro and the Dollar. Why bother setting mouse traps when you've already caught and caged all the mice? Just change the name and force more countries to adopt it in the name of ever closer union. Why do you think the EU lost it's mind over the (temporary) departure of the UK?

Meh, that's just table crumbs for the plebs. Keeps people pacified and makes them stupid like alcohol and Instagram.

They could make those things illegal again tomorrow, or legalise them all; the same people will be making the money, the only change is that their business goes from being unlisted to listed.
I agree with the first part above. Bitcoin and other Cryptocurrencies' sole purpose, imho, is for getting people used to digital currency. The government pretends to oppose it. That's a smokescreen. It's an act.

Look at your "debate partner." He's the ideal chump, the type they want.

I have Cryptocurrency myself but I make no illusions - I think I can see where all of it is headed. I thought, originally, that it was a good way to avoid the government's greasy hands.

But, you know what?: if I decide to cash out, they will know your identity, they tax the crap out of you. The government already has control on it.

The problem is, whenever they get rid of fiat money. The current financial system is so broken, governments are in unavoidable insane amounts of debt and most have destroyed their currency - but, they control you if you want to convert any digital coin to cash. Just as they control and punish you for any gains in financial transactions.

But, they have a conundrum when they eliminate the current fiat system. Thus, they will want to be the sole monopoly for digital coin.

Be wary of Crypto because of this reality.
 
Yeah, I mean, I live in central London - the only part of the UK that has a f*cking tube network or EV recharge points to an amount that actually make having an EV worthwhile, and I don't know of any IRL store that would accept Bitcoin as payment- so what do I know...
The plain truth.
 
What about the fact that fiat is going drastically wrong? Why do most people have their heads in the sand about the ever rising debt bubble? It's crazy to me. That's what paved the way to this revolution in the first place. People got sick and tired of seeing government-issued money being manipulated and badly regulated.
The matter does not relate to our euros or dollars. The focus should be put on those who are utterly incompetent like those who are "running" the FED and the ECB. So the system could work fine, if those idiots made the right decisions.

Maybe Lagarde is waiting to raise interest rates until people threaten to set the ECB on fire.
You get all the same properties as what we have now, but without a central power manipulating the supply to their advantage.
Well, now there's private manipulation, which is even worse :arghh:
 
The plain truth.
That statement was factually incorrect, though. I can't get my head around the responses here. Why believe the facts of a situation when you can just invent a false reality that plays by whatever made-up rules you want? How can one make a valid point when facts no longer matter? I could argue that pigs can fly, and someone could say, "no, they can't." I could then say, "but yes, they can." That's how ridiculous this thread has become.
The matter does not relate to our euros or dollars. The focus should be put on those who are utterly incompetent like those who are "running" the FED and the ECB. So the system could work fine if those idiots made the right decisions.
How can they solve the enormity of the problems they face? I don't think there's a plausible way out of the mess they've created other than to kick the can down the road for the rest of time. Then just keep raising the debt ceiling.
Maybe Lagarde is waiting to raise interest rates until people threaten to set the ECB on fire.
It's a very precarious situation. If they raise the rates too soon they could collapse the whole economy. It's not as simple as you think.
Well, now there's private manipulation, which is even worse :arghh:
No, that's not how decentralisation works. There is no ownership or interference by anybody. All monetary transactions are self-sufficient and are validated by a ledger. This removes the need for a middle man/bank, and it also makes everything significantly cheaper, greener, and much fairer. Just take a look at bankers' bonuses. It's scandalous. And when the shit hits the fan because of their outright greed and carelessness, who pays for it? We do, the taxpayers.
 
How can one make a valid point when facts no longer matter?
That's what Christine Lagarde and that idiot of Powell do every time the talk before the press.
How can they solve the enormity of the problems they face? I don't think there's a plausible way out of the mess they've created other than to kick the can down the road for the rest of time. Then just keep raising the debt ceiling.
Easy solution: raising interest rates. Raising salaries. Controlling public debt. Issuing less public debt. Making billionaires pay for their fair share of taxes. Taxing tech companies.

A way of taxing tech companies, since they do not want to pay, and use tax evasion schemes, is saying "you have to pay this estimated amount of taxes; either you pay or we shut down your service". It's simple as that. Either Facebook pays or a country shuts it down.
 
That's what Christine Lagarde and that idiot of Powell do every time the talk before the press.

Easy solution: raising interest rates. Raising salaries. Controlling public debt. Issuing less public debt. Making billionaires pay for their fair share of taxes. Taxing tech companies.

A way of taxing tech companies, since they do not want to pay, and use tax evasion schemes, is saying "you have to pay this estimated amount of taxes; either you pay or we shut down your service". It's simple as that. Either Facebook pays or a country shuts it down.
Everyone should pay their fair share. I agree with that.
 
The crypto craze reminds me a bit of Groucho Marx bidding on the stock market during the roaring 20s when any stock went up and up and up... then came the Great Depression.
 
I have Cryptocurrency myself but I make no illusions - I think I can see where all of it is headed. I thought, originally, that it was a good way to avoid the government's greasy hands.
So you're a tax dodger then?
But, you know what?: if I decide to cash out, they will know your identity, they tax the crap out of you. The government already has control on it.
Tax is required to keep your country thriving. You can limit your exposure by having a better understanding of your accounts, or by getting a good accountant to do your returns for you. Do you think all the services in your country are free? Without tax, you'd be living in a complete and utter shit hole with absolute carnage and anarchy all around you.
I agree with the first part above. Bitcoin and other Cryptocurrencies' sole purpose, imho, is for getting people used to digital currency. The government pretends to oppose it. That's a smokescreen. It's an act.
Do any of your opinions in life not involve conspiracy theories?
Look at your "debate partner." He's the ideal chump, the type they want.
Mate, if making a ton of money makes me a chump, then I'll take it, every day.
Just as they control and punish you for any gains in financial transactions.

But, they have a conundrum when they eliminate the current fiat system. Thus, they will want to be the sole monopoly for digital coin.

Be wary of Crypto because of this reality.
The central banks are creating their own CBDCs (central bank digital currencies). They will be nothing like the cryptos we have now because they will all be centralised and permissioned. Seven banks have been helping the BIS put together a CBDC template. These banks are:

US Federal Reserve
EU Central Bank
Bank of England
Bank of Japan
Swiss National Bank
Bank of Canada
Swedish Central Bank

The central banks, governments, and certain institutions will use what they call wholesale CBDCs. The rest of us normal people will use a completely different digital currency to the people in power. It's crazy. Their latest report also states that CBDCs would likely have wide-ranging impacts on public policy issues beyond a central banks traditional remit. That in itself is pretty concerning. It means they could potentially get involved in policy mandates that have nothing to do with money. They say different uses and needs would have to be addressed in the system's design. It also says this, "central banks might consider measures to influence or control CBDC adoption or use. This could include access criteria for permitted users."

4FBD566E-7553-4F96-A62C-4150CD1F2567.jpeg


You can read about this stuff here:

https://www.bis.org/publ/othp42_user_needs.pdf

https://www.bis.org/publ/othp42.pdf

And you think crypto is bad?

Whenever I invest in stuff, I always do intensive research, so I understand this sector very well. You can't just make a load of stuff up, Pete. Anyone can do that. Most people believe that there will ultimately be a multitiered system containing different financial platforms. They will all have to become interoperable with each other. Banning crypto won't work, in my opinion. That's why the big players are now onboarding. If you can't beat it, join it, (will be their motto).
 
The crypto craze reminds me a bit of Groucho Marx bidding on the stock market during the roaring 20s when any stock went up and up and up... then came the Great Depression.

All markets are cyclical. A big crash in the stock market is inevitable, and there's a good chance it could be next year.

Cryptos are also cyclical, but their boom and bust cycle is approximately every 4 years. When the next crypto winter arrives - which will likely be in the next few months / up to maybe a year - I'd advise you to take a position during the carnage. Wait for maximum fear to occur and then start accumulating. Sit on it for a few years and you'll have the biggest smile ever.

Here are the last ten years of Bitcoin growth. Look at all the 50-85% drops:

B6D9056E-B6B3-4103-ADC3-E2CCF7285366.png


This fits perfectly with Metcalfe's law

20785B18-0F5E-4E3C-83C3-2EEADEF4E925.png


As a network grows, it becomes more valuable. Look at the user adoption data. It doesn't take a rocket scientist to realise that this sector hasn't even gotten started yet. It is growing at an exponential rate.

The vast majority of retail investors get left holding the bag because they don't know what they are doing. By the time they show up it's already at the euphoria stage of the cycle (the point at which everyone else starts selling).

(this is not financial advice :LOL:)
 
The vast majority of retail investors get left holding the bag because they don't know what they are doing. By the time they show up it's already at the euphoria stage of the cycle (the point at which everyone else starts selling).
Right now everyone is talking about crypto, which is a very bad sign. This means literally that today 3 people talked to me already about crypto. A work colleague, the one who bought those cryptocurrencies his son recommended, the taxi driver, and two policemen that were talking at the bar...

As for the stock market, current prices are also very high. It makes no sense that American and German stocks are breaking historical highs. When everything goes up in all markets, there is a bubble.
 
Right now everyone is talking about crypto, which is a very bad sign. This means literally that today 3 people talked to me already about crypto. A work colleague, the one who bought those cryptocurrencies his son recommended, the taxi driver, and two policemen that were talking at the bar...

As for the stock market, current prices are also very high. It makes no sense that American and German stocks are breaking historical highs. When everything goes up in all markets, there is a bubble.
If you do any reading, there's talk about an inevitable collapse in the economy - not just the U.S. economy.

I think they (global powers) will blame it on COVID-19, not carelessness or greed.

It is convenient for them that many people are using Crypto and are getting familiar with it. I don't think the government plans any 'switch over' until the morons of the world are comfortable using it and it becomes embraced as this revolutionary new financial transaction system - all controlled and monitored by governments and banks.
 
I think they (global powers) will blame it on COVID-19, not carelessness or greed.
I actually think COVID-19 is the excuse to rescue the whole system. There were shocks in the stock markets both in 2018 and 2019, and then COVID-19 appeared out of the blue and central bankers rescued the rich billionaires with public money and using public debt that others will have to pay.
 
I actually think COVID-19 is the excuse to rescue the whole system. There were shocks in the stock markets both in 2018 and 2019, and then COVID-19 appeared out of the blue and central bankers rescued the rich billionaires with public money and using public debt that others will have to pay.
The world is changing, and fast. I think everything is going to be radically different in a decade or two. The way we think about money, and the way we use it, will change considerably. I don't think many of you can see what's coming because you're still looking into the past instead of seeing what's right in front of you. Technology is advancing so quickly that that's really only the tip of the iceberg.

AI is becoming so sophisticated that data computation is becoming significantly easier. The infrastructure that underpins masses of world data is already being built, and this will create seismic changes to a lot of industries. Our medical records will become more tailored towards specific treatments based on our genetic makeup, and the way we consume music and play video games will also be unrecognisable from today.

The whole metaverse thing is taking off as well; even Facebook has officially rebranded itself as Meta because the board can see what's coming.

Talking about the next stock market and crypto crash is pointless because it's inevitable. We all know it's coming. What surprises me is how shortsighted everyone is. Whilst you're all worried about the impending doom, many people are cashing in significant amounts of money from their investments. When the crash finally happens, it will represent a huge opportunity for everyone. I can't lose at this point because I've already taken out considerably more than I put in. I just see it as the next wave of opportunity.

The banks have always been controlling and manipulative. We could talk all day about that. Fuck the banks! :D
 
Technology is advancing so quickly that that's really only the tip of the iceberg.

AI is becoming so sophisticated that data computation is becoming significantly easier. The infrastructure that underpins masses of world data is already being built, and this will create seismic changes to a lot of industries. Our medical records will become more tailored towards specific treatments based on our genetic makeup, and the way we consume music and play video games will also be unrecognisable from today.

The whole metaverse thing is taking off as well; even Facebook has officially rebranded itself as Meta because the board can see what's coming.
I'm newly graduated Software Engineer with conservative values, and I don't like this. :p
 
Our medical records will become more tailored towards specific treatments based on our genetic makeup
Yeah, sure... pharma companies cannot find a cure for simple tinnitus or hyperacusis, or just to remedy hearing loss in an effective manner. But soon they are going to have tailored treatments available to fix all those things.. after decades saying more or less that treatments are round the corner.
 

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