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Bitcoin Learning Material EDIT: AND NEWS!!!

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cam_blev

Senior
Oct 7, 2005
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oceantide83 said:
We already have gold for that. Where have you been?
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how do you use gold to buy something on the internet? that is where most trade occurs these days.
How much does it cost to move large sums of gold or to protect your life savings if stored in gold? How do you validate and verify that all of your gold is pure gold?
 
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roadtrasheer

All-Conference
Sep 9, 2016
18,318
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cam_blev said:
how do you use gold to buy something on the internet? that is where most trade occurs these days.
How much does it cost to move large sums of gold or to protect your life savings if stored in gold? How do you validate and verify that all of your gold is pure gold?
Click to expand...
It's real. Its tangible. It's not some made up mining of someshit that's found deep in a internet.
 
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oceantide83

Redshirt
Jan 6, 2005
12,637
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0
cam_blev said:
how do you use gold to buy something on the internet? that is where most trade occurs these days.
How much does it cost to move large sums of gold or to protect your life savings if stored in gold? How do you validate and verify that all of your gold is pure gold?
Click to expand...
How do you use Bitcoin to buy something on the internet when most places don't accept it? An ounce of gold is worth around $2,000. Most people hardly have any savings, but even at $2,000,000 worth of savings, you'd only have about 62.5 lbs of gold. Hardly unmanageable. Only buy gold from reputable dealers and you can test it at home with an acid or float test among others.
 
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cam_blev

Senior
Oct 7, 2005
6,458
680
113
oceantide83 said:
How do you use Bitcoin to buy something on the internet when most places don't accept it? An ounce of gold is worth around $2,000. Most people hardly have any savings, but even at $2,000,000 worth of savings, you'd only have about 62.5 lbs of gold. Hardly unmanageable. Only buy gold from reputable dealers and you can test it at home with an acid or float test among others.
Click to expand...
more and more places are already taking or if you prefer you can use a service like Moon which just give you a card number to type in and a qr code to scan to load with BTC
the speed at which adoption happens moving forward will be undeniable, not to mention



roadtrasheer said:
It's real. Its tangible. It's not some made up mining of someshit that's found deep in a internet.
Click to expand...
This is going to be the hard part for older folks to get over but younger kids will have no problem with it. Many things we pay for today are only accessible in the digital forms and only exist on our computers.

But understand with out the energy expended to create bitcoin it would be useless. There has to be a real world cost to create true value. And in this case it is rooted in natural laws of physics tying the physical world and the digital world together in a way that has never been done before. Previously everyhting digital could just be replicated to infinity with basically no cost, this created a physical cost to create something digital.
 
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roadtrasheer

All-Conference
Sep 9, 2016
18,318
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113
cam_blev said:
more and more places are already taking or if you prefer you can use a service like Moon which just give you a card number to type in and a qr code to scan to load with BTC
the speed at which adoption happens moving forward will be undeniable, not to mention




This is going to be the hard part for older folks to get over but younger kids will have no problem with it. Many things we pay for today are only accessible in the digital forms and only exist on our computers.

But understand with out the energy expended to create bitcoin it would be useless. There has to be a real world cost to create true value. And in this case it is rooted in natural laws of physics tying the physical world and the digital world together in a way that has never been done before. Previously everyhting digital could just be replicated to infinity with basically no cost, this created a physical cost to create something digital.
Click to expand...
So it's just made up & we as humans truly have no need for it ?
Sorta like salt was at one time . Or gold or precious metals or meat ...
 
C

cam_blev

Senior
Oct 7, 2005
6,458
680
113
C

cam_blev

Senior
Oct 7, 2005
6,458
680
113

Loan sharks...


The deal still needs to be approved by the IMF’s executive board, but if it goes through, Argentina will have secured a payment-postponing grace period through 2026 and will immediately receive roughly $9.8 billion in the country’s 22nd agreement with the fund.

That’s good news because Argentina was staring down a $2.8 billion payment due to the IMF by March 22, and a total of $39 billion in debt payments through 2023.
 
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Gunny46

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dave said:
That is a little disingenuous. At 31k anyone who got into bitcoin before it exploded is still sitting pretty and if Bitcoin got to 60k before it will go back eventually.
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Might. Might not. I think the so called experts are guessing just everyone else.
 
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oceantide83

Redshirt
Jan 6, 2005
12,637
20
0
dave said:
That is a little disingenuous. At 31k anyone who got into bitcoin before it exploded is still sitting pretty and if Bitcoin got to 60k before it will go back eventually.
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Not really. With all the blowhards claiming bitcoin is "digital gold," it sure isn't acting like it. Real gold acts as a hedge against the dollar. When the dollar goes down, gold is worth more dollars. Bitcoin loses value right along with the stock market and the dollar. Bitcoin could go to zero or a million, but there is zero guarantee it will do any particular thing because it is a completely speculative "investment" and comes with extremely high risks. Also, why are you comparing an anti-dollar investment to how many dollars you can get for it? The purpose of bitcoin is not to have to worry about dollars anymore, yet that is all bitcoin investors look at - how many dollars can I get for my bitcoins? It is tied to the dollar no matter how much the blowhards say it's not. When the dollar goes to zero, bitcoin goes to zero. Bitcoin wasn't even intended to be hoarded as an investment - it was intended to be used as a currency in everyday transactions. Let me ask you this: if you owned all the bitcoin in the world, do you think it would be worth anything to anybody else?
 
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cam_blev

Senior
Oct 7, 2005
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Bitcoin cant go to zero
EDIT: Unless someone somehow breaks bitcoin, which I don't think is possible at this point
 
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cam_blev

Senior
Oct 7, 2005
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Bitcoin is still the best money ever invented. The fact that none of ya'll realize it yet is explains a lot of why they price does what it does. Over time more and more people will figure it out.
 
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cam_blev

Senior
Oct 7, 2005
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Then the failed institutions collapse, then society restructures itself, then once energy has been monetized humanity can work toward energy abundance and a type 1 Kardashev society.
This is what I believe is currently happening
 
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roadtrasheer

All-Conference
Sep 9, 2016
18,318
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cam_blev said:
Then the failed institutions collapse, then society restructures itself, then once energy has been monetized humanity can work toward energy abundance and a type 1 Kardashev society.
This is what I believe is currently happening
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In time of war & rolling black outs ...my gold, silver & precious metals, not to mention canned beef & vegetables will surpass a made up not needed item that cant be used for nothing.
Having said that , it is fun to have some ......& as long as we have access to a computer & life is clicking along ....great way to invest expendable money. As for me & my portfolio I'll keep putting my load in things of need .
 
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cam_blev

Senior
Oct 7, 2005
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roadtrasheer said:
In time of war & rolling black outs ...my gold, silver & precious metals, not to mention canned beef & vegetables will surpass a made up not needed item that cant be used for nothing.
Having said that , it is fun to have some ......& as long as we have access to a computer & life is clicking along ....great way to invest expendable money. As for me & my portfolio I'll keep putting my load in things of need .
Click to expand...
This will be fixed by the monetization of energy production. The energy grid can decentralize as small independent energy production will be incentivized. The monetization of energy will lead to something similar to the renaissance but in the fields of energy production and economics.
 
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cam_blev

Senior
Oct 7, 2005
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Once that is done humans can start living more in smaller communities and we can get away from the monolithic sized governments that grow in power until they need to go to war and destroy each other. This is how humanity moves to the next part of human existence and away from the economic system of inflation and consumption and toward one of deflation and value.
Bitcoin will reintroduces financial repercussions, and therein responsibility, into the world where if businesses (even countries) are not creating value for the citizens they will go bankrupt.
 
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Gunny46

All-Conference
Jul 2, 2018
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cam_blev said:
Then the failed institutions collapse, then society restructures itself, then once energy has been monetized humanity can work toward energy abundance and a type 1 Kardashev society.
This is what I believe is currently happening
Click to expand...

Smells like communism. No thanks.
 
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cam_blev

Senior
Oct 7, 2005
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roadtrasheer said:
Create a crisis that only governments can salvage.
High energy costs will create all the crises needed to cripple the U.S . Biden using the critical reserve shows this . Under this administration we can not replenish them . Facing a war with Russia & our oil reserves diminished our farmers not farming and most of our medicines coming from China....yeah we in trouble...
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THIS! The global energy crisis can be fixed by incentivizing decentralized energy production!
Energy companies, bitcoin mining companies, and banks will become synonymous.

Gunny46 said:
Smells like communism. No thanks.
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No! This is freedom! You're property CAN NOT be violated. It is the first time your property cant be stolen from you and redistributed. This is how we prevent the dystopian future that current power systems are trying to put into place with social credit scores and esg scores and all their ********!
 
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Gunny46

All-Conference
Jul 2, 2018
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cam_blev said:
THIS! The global energy crisis can be fixed by incentivizing decentralized energy production!
Energy companies, bitcoin mining companies, and banks will become synonymous.


No! This is freedom! You're property CAN NOT be violated. It is the first time your property cant be stolen from you and redistributed. This is how we prevent the dystopian future that current power systems are trying to put into place with social credit scores and esg scores and all their ********!
Click to expand...

He was a Communist. He worked for Communist. Spin it all you want. Not buying any of his theories or dreams.
 
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roadtrasheer

All-Conference
Sep 9, 2016
18,318
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cam_blev said:
This will be fixed by the monetization of energy production. The energy grid can decentralize as small independent energy production will be incentivized. The monetization of energy will lead to something similar to the renaissance but in the fields of energy production and economics.
Click to expand...
Again bitcoin is a made up not needed thing . If bitcoin was not in the world could you make it ? Yes .
If we get into a nuclear war will bitcoin be worth a nickel? I'm guessing not . If our financial system keeps chugging along with its ups & downs & wr keep moving along then bitcoin is a nice little game to play .
 
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Gunny46

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moe said:
Bitcoin investors are panicking as a controversial crypto experiment unravels
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Our country has issues that needs fixed. However Kardashev is communist space cowboy utopia ********. It's used in socialist doctrine and goes way beyond social programs that give people a hand up. Rooting for the U.S dollar to collapse that will destroy our country to promote bitcoin to usher in a Marxist utopia is beyond niave. It's trading tyranny for more tyranny. Looks like even you understand this and are redeemable. 😉
 
dave

dave

Senior
May 29, 2001
60,601
818
113
cam_blev said:
Once that is done humans can start living more in smaller communities and we can get away from the monolithic sized governments that grow in power until they need to go to war and destroy each other. This is how humanity moves to the next part of human existence and away from the economic system of inflation and consumption and toward one of deflation and value.
Bitcoin will reintroduces financial repercussions, and therein responsibility, into the world where if businesses (even countries) are not creating value for the citizens they will go bankrupt.
Click to expand...
You do realize there are some technological advances that can only happen under big governments and highly populated areas?

I am a fan of a smaller and less intrusive government but I am also a fan of many technological advances that can only happen with collaboration between business and govt. Example spacex
 
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cam_blev

Senior
Oct 7, 2005
6,458
680
113
Gunny46 said:
Our country has issues that needs fixed. However Kardashev is communist space cowboy utopia ********. It's used in socialist doctrine and goes way beyond social programs that give people a hand up. Rooting for the U.S dollar to collapse that will destroy our country to promote bitcoin to usher in a Marxist utopia is beyond niave. It's trading tyranny for more tyranny. Looks like even you understand this and are redeemable. 😉
Click to expand...
The idea of a Kardashev scale type once society has nothing to do with Marxism. It is just a classification system of how well a society can harness energy. By monetizing energy we directly financially incentivize energy production and efficiency.

We both know that a centralized controlled economy is doomed to fail so do you not think that a free open economy would have a better chance at reaching the level of a Type1 society that can effectively harness the power of the planet?
OR do you believe that a controlled economy where the government dictates the value of money and steals and redistributes it as they see fit to be better equipped for that task?

EDIT: Also I'm not rooting for the USD to fail, but that doesn't change the fact that it is going to because you cant centrally plan an economy. ALL centralized financial institutions fail!
 
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C

cam_blev

Senior
Oct 7, 2005
6,458
680
113
dave said:
You do realize there are some technological advances that can only happen under big governments and highly populated areas?

I am a fan of a smaller and less intrusive government but I am also a fan of many technological advances that can only happen with collaboration between business and govt. Example spacex
Click to expand...
I believe that our new system that we create will be the most effective at financing large projects ever in the history of the world because for the first time ever the money save to take on large projects will be ever increasing in value as the project is planned and under development. Funds will not have to be stolen from citizens and redistributed by government to finance longterm projects
 
dave

dave

Senior
May 29, 2001
60,601
818
113
cam_blev said:
I believe that our new system that we create will be the most effective at financing large projects ever in the history of the world because for the first time ever the money save to take on large projects will be ever increasing in value as the project is planned and under development. Funds will not have to be stolen from citizens and redistributed by government to finance longterm projects
Click to expand...
Good luck
 
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Gunny46

All-Conference
Jul 2, 2018
61,135
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cam_blev said:
The idea of a Kardashev scale type once society has nothing to do with Marxism. It is just a classification system of how well a society can harness energy. By monetizing energy we directly financially incentivize energy production and efficiency.

We both know that a centralized controlled economy is doomed to fail so do you not think that a free open economy would have a better chance at reaching the level of a Type1 society that can effectively harness the power of the planet?
OR do you believe that a controlled economy where the government dictates the value of money and steals and redistributes it as they see fit to be better equipped for that task?

EDIT: Also I'm not rooting for the USD to fail, but that doesn't change the fact that it is going to because you cant centrally plan an economy. ALL centralized financial institutions fail!
Click to expand...

It's a theroy that came from a communist. It's in tons of communist and socialist doctrine. Anyone can research that fact. Like I said you can spin it however you want but it's not going to change that fact.
 
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TarHeelEer

Freshman
Dec 15, 2002
89,304
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48
cam_blev said:
Thanks but its really not needed. I've got things like math and physics on my side as opposed to speculation and trust in the federal government.
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Really?

The Russians, ISIS, China, MS-13, someone takes out our power grid. How useful is your bitcoin that's worth billions?
 
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oceantide83

Redshirt
Jan 6, 2005
12,637
20
0
cam_blev said:
Thanks but its really not needed. I've got things like math and physics on my side as opposed to speculation and trust in the federal government.
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That's a bit ironic being that the value of bitcoin is based solely on speculation and the greater fool theory. The government doesn't care much about math, physics, truth, etc. It only cares about control and will use lies and deception to get it. It has more say in what happens to bitcoin than any of bitcoin's proponents. It could simply ban bitcoin at the stroke of a pen and send anybody caught owning it to prison. The government isn't going to bow down to anything, including bitcoin.
 
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