Is Silver next?

[DoggyDaddy]

Who is the creator of Bitcoin?

 

[ancjr]

Bitcoin is like the Captain Tuttle MASH episode.

Tuttle (M*A*S*H) - Wikipedia

en.wikipedia.org

 

[teddy12b]

Exactly why I asked. God created Gold and Silver by comparison, so there's that.

 

[asevans]

Who is the creator of Bitcoin?

Who knows? And who cares?

Who controls bitcoin? No one.

 

[vzdude]

Who knows? And who cares?

Who controls bitcoin? No one.

You just keep telling yourself that

 

[teddy12b]

Who knows? And who cares?

Who controls bitcoin? No one.

Great point, I don't see what could go wrong at all, lol.

As far as I'm concerned there's a time and place for everything. I look at crypto currency like a speculative/risky investment and I look at gold/silver as a safer money market/bond fund. Whatever people want to do with their investing is up to them and I'm happy for them. For me though, I'm more focused on silver.

 

[blain]

Great point, I don't see what could go wrong at all, lol.

As far as I'm concerned there's a time and place for everything. I look at crypto currency like a speculative/risky investment and I look at gold/silver as a safer money market/bond fund. Whatever people want to do with their investing is up to them and I'm happy for them. For me though, I'm more focused on silver.

I'm more in the gold/silver as "insurance" camp.
I can't say I'm happy to pay my car, house and health insurance premiums, I do.
The thought of collecting on any of them doesn't fill me with glee. In a perfect world I would never have a claim to file. But I understand that we don't live in a perfect world. So given that fact, I'll continue to pay my car, house and health insurance premiums.

 

[ancjr]

The same people that trust the anonymous cabal of bitcoin should trust the anonymous cabal of fiat.

 

[teddy12b]

I'm more in the gold/silver as "insurance" camp.
I can't say I'm happy to pay my car, house and health insurance premiums, I do.
The thought of collecting on any of them doesn't fill me with glee. In a perfect world I would never have a claim to file. But I understand that we don't live in a perfect world. So given that fact, I'll continue to pay my car, house and health insurance premiums.

Exactly. I see silver as a tangible insurance policy. Maybe it's needed as cash for bread or an egg laying chicken, but either way it's a means of barter that can't be shut down like a canadian truckers bank account.

 

[spencer rifle]

What happens when the value of bitcoin goes up?
Can more bitcoin be mined?

What happens? The Chinese Communists make more at their "mining" operations set up near power producing facilities.
I personally don't feel like empowering our enemies. I also never buy PM Pandas.

 

[ancjr]

I think Venezuela is leader in bitcoin mining...

 

[blain]

I personally don't feel like empowering our enemies. I also never buy PM Pandas.

But if we shop at Rural King, Tractor Supply, Academy Sports, Walmart, etc. we are buying items produced in China.
If China can sell their wares here and around the world, they have capital to invest.
They use some of that capital to buy U.S. debt in the form of Treasury Bills and Bonds.
When they invest in these debt instruments, that provides funding for the party to go on in the U.S.
It's the circle of life.

 

[spencer rifle]

But if we shop at Rural King, Tractor Supply, Academy Sports, Walmart, etc. we are buying items produced in China.

I can't afford Rural King, the only thing I get at TSC is chicken feed (not likely Chinese), never have bought from Academy, and Walmart is mostly for food if Aldi doesn't have it. Amazon, though is CCP heaven, and I am more particular there to look for non-Chinese items (sometimes without success).
If we think the American economy is approaching the brink, China is even closer, though it can be hard to tell, since their lies define them.

 

[teddy12b]

I think people hear so much more about our domestic problems that we tend to assume other places don't have similar issues. Just google "China Evergrande" and you'll see they've got problems to sort through as well too.

 

[asevans]

What happens? The Chinese Communists make more at their "mining" operations set up near power producing facilities.
I personally don't feel like empowering our enemies. I also never buy PM Pandas.

sorry but that’s not how it works. There is a set amount of bitcoin mined every ten minutes. Every four years that amount is cut in half. This April there will be another halving. Going from 6 bitcoins mined every ten minutes to 3 bitcoins every ten minutes.

 

[asevans]

The same people that trust the anonymous cabal of bitcoin should trust the anonymous cabal of fiat.

The same people that trust the anonymous cabal of bitcoin should trust the anonymous cabal of fiat.

Not so. Do you know anyone that owns bitcoin? Bitcoin is the exact opposite of fiat currency. Controlled by no one. Limited supply.
Most bitcoiners I know own bitcoin to escape fiat currency.

 

[DoggyDaddy]

Not so. Do you know anyone that owns bitcoin? Bitcoin is the exact opposite of fiat currency. Controlled by no one. Limited supply.
Most bitcoiners I know own bitcoin to escape fiat currency.

And backed by nothing. It is by definition a fiat currency.

 

[ancjr]

Not so. Do you know anyone that owns bitcoin? Bitcoin is the exact opposite of fiat currency. Controlled by no one. Limited supply.
Most bitcoiners I know own bitcoin to escape fiat currency.

I'm pretty sure I was one of the first 500 miners. Before there were exchanges or GPU code, pizza buyers or news articles. When a Pentium 233 could turn out several hundred coins a day.

 

[tim87tr]

The same people that trust the anonymous cabal of bitcoin should trust the anonymous cabal of fiat.

Just watching a recent video with Catherine Austin Fitts who explains your comment in this way....Bitcoin gets inflated when gold is rising, keeping retail going into Bitcoin and smart money buying gold, real assets.

She says many states (TX, OK, AR, TN & MO) already are setting up bullion depositories and tax laws in order to transact with PMs. So there's a push at the state level to create an infrastructure for communities to use PMs.

Timestamp 38:20 to 46:30

Pushback to Tyranny & Control Increases in 2024 – Catherine Austin Fitts | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the top story (out of 20 top stories) of 2023 was massive, documented pushback to tyranny and...

usawatchdog.com

 

[asevans]

And backed by nothing. It is by definition a fiat currency.

What is the definition of fiat?
A paper money made legal “by decree”.