Social Security is going bust. By a lot.

roadtrasheer

All-Conference
Sep 9, 2016
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What you are saying is , a government run social program is going broke ? .....say it ain't so .....
The idea on paper is a wonderful thing . Government can't keep their dirty hands out of the cookie jar
 

30CAT

All-American
May 29, 2001
171,484
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That must mean more money to Ukraine, bringing in more illegal foreign nationals, paying for their room, board, food, healthcare and their educations.

God forbid our leaders take care of U.S. Citizens first.

Democrats, their policies and their bleaters are destroying our country
 

cam_blev

Senior
Oct 7, 2005
6,493
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I'm glad people are finally starting to learn some of the economics of what is going on.
Peter is great, right up there with Lyn Alden. Both are Bitcoiners
 

roadtrasheer

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Sep 9, 2016
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Nope he just put on the after burners. This is step 2 of the government taking over salaries of everyone and you get paid through them.
The next step ...they will be coming for 401k's and any individual savings we have ....bitcoin won't be safe .
 

30CAT

All-American
May 29, 2001
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Huh? Why would bitcoin not be safe?

Search me.

 

cam_blev

Senior
Oct 7, 2005
6,493
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Search me.

Right, he was CEO of an exchange where a bunch of people trusted him with their Bitcoin and crypto. There is no CEO for Bitcoin.

The whole idea and ethos to bitcoin is to hold your own keys so you don't have to trust anyone (not even a bank) to secure your money for you, and for you to take the responsibility to secure it yourself. If you had a bunch of gold would you give it all to someone else to take care of for you and trust them that they wouldn't do anything but let it sit in a vault for you to retrieve at your convenience? I hope not.

He was CEO of FTX everything at FTX was gone cause he spent/invested it, the same way a bank does when you give them your money. The "secret" is the bank doesn't have you money either.

One of Bitcoin's taglines is "Not your keys, not your coins."
Use a hardware wallet like this and your Bitcoin cant be taken.
And so you dont have to trust someone else that made the device here is the source code and another option for you to build yourself and its source code
 

cam_blev

Senior
Oct 7, 2005
6,493
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What's its worth ? Can government stop it ?
As every government in the world print fiat to infinity it will be the only economic peg to reality

Adding for clarification : also as the world splits to bein more multipolar there will be a need for a fair money as opposed to just trading oil

No

Also for anyone that likes Peter St Onge here’s him talking China macro
 
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