ProofOfSmirk

#bitcoin

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@actvtdPrgrssv @DOGFACE141 @SteveMatthews12 @TheStalwart @business @ctorresreporter @economics Your position is incoherent, you don't believe in capitalism but think the Fed Chair with a net worth of $50 million should get bonuses based on how productive factory workers are?

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@CryptoCobain Yeah, but you don't have an exact physical copy of those canvas paintings - everyone knows Monet was a master of working with carbon and hydrogen atoms.

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@RossBlankenship @phil_hellmuth @WSOP Even worse, it's Bitcoin Latinum whatever tf that is. Not kidding.

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@AriDavidPaul @RossBlankenship That's deterministic, it could have gone and stayed up and then you would have had less BTC from selling at $19k. And you're also presuming you didn't buy back until the exact bottom. Sure, risk metrics support taking profit but your example suggests ability to see the future.

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@danheld I have more Bitcoin than Henry VIII ever did.

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@actvtdPrgrssv @DOGFACE141 @SteveMatthews12 @TheStalwart @business @ctorresreporter @economics Fed Chair is a civil service job - should we start paying fire chiefs on how many fires happen in their city? Capitalism doesn't need to be turned up to 11 on everything. Also, some times the business cycle needs a bear market, we're in this mess because of up-only mentality.

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@santiagoroel It used to be lit, then it was whack, now it's lit again.

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@EmilKalinowski @nlw What We Do In The Shadow Banking System

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@RealNatashaChe This is an interesting argument that people investing in crypto will decrease wealthy people parking their wealth in second homes, thus driving down home prices. But maybe crypto gains start pouring into the housing market?

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@RealNatashaChe Money is ultimately a marker of debt, and if the rich have too much money the poor will consider declaring "defaulting" on the money aka IOUs held by the rich.

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@chigrl They don't have Norton Antivirus?

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@JeffSnider_AIP I don't see how anyone can say the economy is doing well when QE is taking place (regardless of what QE really does). It's like saying I'm a good bowler with the bumper rails.

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@benjamincowen I wonder what Bitcoin at $48,001 would feel like though?

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@danheld @novogratz Mortgages have negative real rates sweet Jesus

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@CascadianViews @justfisk1 @CryptoJerkstore @mikealfred @MR3402 There's a difference between working capital and savings. Even Michael Saylor says $ is best for working capital. Also fair chance US eliminates cash once it issues a CDBC. But again you are not answering my question about what to invest in - are you saying just dollars?

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@CascadianViews @justfisk1 @CryptoJerkstore @mikealfred @MR3402 I actually welcome crypto regulation, but my question wasn't about banks stealing dollars, rather about dollars losing purchasing power. Even Ray Dalio who thinks governments will ban Bitcoin says that cash is trash. What to invest in is the question.

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@CascadianViews @justfisk1 @CryptoJerkstore @mikealfred @MR3402 What other consumer protections are there against US monetary policy? Bonds have negative real rates, stocks are in a bubble, what should I invest in if I can't afford a second house? Genuinely curious how normal people are investing...

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@CascadianViews @justfisk1 @CryptoJerkstore @mikealfred @MR3402 Just curious, are you fine with proof-of-stake?

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I have more #Bitcoin than John D. Rockefeller ever did.

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@kylascan tb-faiiiiiir