Good luck in apocalyptic environment hauling around some gold coins and a pair of coin cutters. At that point, it doesn't matter. I've said I prefer gold, but it won't save you when there is no food.
"And once again a demonstration of the intelligence of our resident Duck fans."
That's not a fair response. He asked a legitimate question which should be easily answered. The technology answers the first question. My concern with blockchain would be around quantum computing but we're probably a long way from that reality. The second question is a valid concern but IMO has been somewhat answered with companies like Blackrock getting involved with their ETFs.
No. So it's purely a commodity then just like gold. One with a utility that could show itself to be useful at some point. I have no doubt it will do well vs the dollar, euro etc. in the short term as a hedge to currency. My concern over BTC is more about when/how governments sabotage it once its utility hits critical mass.
It's also an electricity hog and the greens hate it. The North Wasco County PUD (The Dalles) has very cheap energy. Lots of big server farms and some Bitcoin miners hooked up to The Dalles Dam. So the fascist dems hate anything that they can't control and with increased support for using the government surveillance to monitor behavior, not to hard to shut it down if the government wants to.
So is Bitcoin simply another form of a stock, or can you actually use it to buy food and pay bills? Seems like it's a speculative stock at this point in time unless you're a drug lord or child traficker.
Read Survivjng the apocalypse by Fer Fal. Argentina collapse. Gold chain was popular currency as it could be clipped of easily to get the right weight when buying items.
Satoshi I’m sure was hoping Blackrock would come in and take control of it. BTC is looked at in two ways. Keep it offline and never lose your keys or buy a spot ETF or both. Just another investment vehicle...yay…..I’m waiting for Doge coin to go to the moon!
We know husky cuck didn’t buy in early or he would be screaming to the heavens that he bought when it was 500 bucks.
Here is my problem. Someone just decided to halve the miner reward per BTC thus doubling the production cost to $53k. Expected to cut production from more expensive producers resulting in a production cost of $42k. Who decides and how subject are they to manipulation by state or non-state actors? Pretty good article on where Bitcoin may be.
1. The Bitcoin halving event, set for the end of April, will cut miner rewards from 6.25 to 3.125 BTC per block, negatively affecting miner profitability due to lower rewards and increased production costs.
2. The current estimated central production cost of Bitcoin is $26.5k, expected to double to $53k post-halving due to reduced rewards.
3. A projected 20% drop in the Bitcoin network's hashrate post-halving, primarily from less efficient miners exiting, would adjust the production cost estimate to $42k.
4. After the initial excitement from the halving event subsides (expected after April), Bitcoin prices are anticipated to stabilize around the $42k level, aligning with the adjusted production cost estimate.
I've carried a higher balance then I've ever had it my life and i've also been able to pay it down relatively easy and keep it at zero. So yes, thats correct. I've already proved that people have grown their net worth significantly the past 4 years even with inflation accounted for.
And finally, I've also demonstrated I can beat inflation with a 20% gain in 24 hours. Like seriously, what more can I do bros? Yes, if youre too stubborn to take great advice like i've proved on this board, I can't help you.
Comments
Good luck in apocalyptic environment hauling around some gold coins and a pair of coin cutters. At that point, it doesn't matter. I've said I prefer gold, but it won't save you when there is no food.
Up to 62k. I laugh when people call it fake. Do some of you idiots realize you can actually sell that thing and trade it for real money.??
Can I pay my taxes directly in it (not by a conversion which creates a taxable event)?
when is the approximate date the final bitcoin is mined?
I’m confused. Does TurboTax allow you to pay taxes with gold bars or something? Explain.
"And once again a demonstration of the intelligence of our resident Duck fans."
That's not a fair response. He asked a legitimate question which should be easily answered. The technology answers the first question. My concern with blockchain would be around quantum computing but we're probably a long way from that reality. The second question is a valid concern but IMO has been somewhat answered with companies like Blackrock getting involved with their ETFs.
No. So it's purely a commodity then just like gold. One with a utility that could show itself to be useful at some point. I have no doubt it will do well vs the dollar, euro etc. in the short term as a hedge to currency. My concern over BTC is more about when/how governments sabotage it once its utility hits critical mass.
It's also an electricity hog and the greens hate it. The North Wasco County PUD (The Dalles) has very cheap energy. Lots of big server farms and some Bitcoin miners hooked up to The Dalles Dam. So the fascist dems hate anything that they can't control and with increased support for using the government surveillance to monitor behavior, not to hard to shut it down if the government wants to.
So is Bitcoin simply another form of a stock, or can you actually use it to buy food and pay bills? Seems like it's a speculative stock at this point in time unless you're a drug lord or child traficker.
Oh Jesus get off the soapbox. Bitcoin is a virtual currency, punish the bad people.
the only way to stop bad people with Bitcoin is to arm the good people with Bitcoin!
People around me grow meat and other food...
Read Survivjng the apocalypse by Fer Fal. Argentina collapse. Gold chain was popular currency as it could be clipped of easily to get the right weight when buying items.
You’re too nice RoadTrip. It’s good to take a few cheap shots at these Duckfans, I know I feel better after it.
Answer the question or shut up.
Satoshi I’m sure was hoping Blackrock would come in and take control of it. BTC is looked at in two ways. Keep it offline and never lose your keys or buy a spot ETF or both. Just another investment vehicle...yay…..I’m waiting for Doge coin to go to the moon!
We know husky cuck didn’t buy in early or he would be screaming to the heavens that he bought when it was 500 bucks.
Here is my problem. Someone just decided to halve the miner reward per BTC thus doubling the production cost to $53k. Expected to cut production from more expensive producers resulting in a production cost of $42k. Who decides and how subject are they to manipulation by state or non-state actors? Pretty good article on where Bitcoin may be.
https://www.zerohedge.com/the-market-ear/bitcoin-has-never-happened
JPM on the most anticipated crypto event
1. The Bitcoin halving event, set for the end of April, will cut miner rewards from 6.25 to 3.125 BTC per block, negatively affecting miner profitability due to lower rewards and increased production costs.
2. The current estimated central production cost of Bitcoin is $26.5k, expected to double to $53k post-halving due to reduced rewards.
3. A projected 20% drop in the Bitcoin network's hashrate post-halving, primarily from less efficient miners exiting, would adjust the production cost estimate to $42k.
4. After the initial excitement from the halving event subsides (expected after April), Bitcoin prices are anticipated to stabilize around the $42k level, aligning with the adjusted production cost estimate.
As long as Sugar Bowl prices aren't affected, nothing to worry about here.
https://instapundit.com/
@huskybuck said the rise in debt was juut due to inflation but people were just paying it down every month with all the cash they have.
I've carried a higher balance then I've ever had it my life and i've also been able to pay it down relatively easy and keep it at zero. So yes, thats correct. I've already proved that people have grown their net worth significantly the past 4 years even with inflation accounted for.
And finally, I've also demonstrated I can beat inflation with a 20% gain in 24 hours. Like seriously, what more can I do bros? Yes, if youre too stubborn to take great advice like i've proved on this board, I can't help you.
I'm still waiting for you to back up your mouth and make that 10K bet against me. I already know you wont.
Nope didn't buy Bitcoin. Wish I did, but didn't. Its not too late to buy right now though. That thing will make 500K book it!
Delinquencies up 50%, people just making the minimum payment is up 25%. Is that not something to be concerned about?
Buck is doing great guys. Fuck the losers