kb2001 said:

---

Wow, don't take it so personally. We largely agree about things. This is my opinion of Bitcoin, and despite these advancements you discussed, many of them are in fact not yet fully implemented (like Taproot and Lightning). I don't shi* on Bitcoin in any way shape or form. So, I stand by statement that in its current state, it is not a good choice for day to day transactions. Of course, anyone who is realistic about long term wealth gains from crypto should be holding primarily bitcoin, as I do, but to disregard other blockchains is just foolish. Keep in mind that Taproot and Lightning came about because of technology advancements made on other blockchains. I'm not trying to push focus away from Bitcoin, I'm just providing some information on just how massive the blockchain technology advancements are beyond simple financial transactions.
acshually, all of these technologies were first formulated within bitcoin, segwit/lightning/smartcontracts/nfts/etc were all formed within the btc community first and experimented with, then brought into the ecosystem after varied and variegated testing. Whether for brevity of point or ignorance, it is immensely relevant that 99% of the projects out there originated from bitcoin concepts/devs.

Regarding your comments on my "ETA", you missed the point. Some are actually trying to develop a platform, some are straight up scams looking to becoming a meme. Don't bundle them all in the same thread, you're better than that. DOGE =/= Ethereum no matter how much you want it to be.
how would anyone know the difference ESPECIALLY NEWBIES? THat's why I insist even demand Bitcoin's full intent and the VALUE of proof of work before staining it with subjective claims from alt-coins' marketing decks.

I don't s**t on bitcoin at all, I'm just realistic and objective about it, and try to keep any personal biases out of my analysis. I agree that its an excellent technology, and isn't going anywhere, but I also acknowledge its shortcomings when compared to features that others are developing. Bitcoin is doing a pretty good job of absorbing some of the advancements into itself. I maintain that as long as it's treated as a store of value, it will not be a good choice for day to day transactions. Buy a car with Bitcoin? Sure. Pay your bills with it? Sure. Buy groceries with it? Not right now. The advancements needed are in progress and are not yet active for Bitcoin. Lightning especially will help with this, but it isn't available yet. Interestingly, it is a prime example of technology advancements made with other blockchains getting folded into Bitcoin (well, on top of Bitcoin's blockchain technically, effectively the same thing in this case).

I'll disregard the XRP hate. A lot of people hate XRP, and Jed McCaleb is the reason why, with very good reason. I'm in full agreement with McCaleb being a person to avoid. I stay far away from anything he's involved in, but he hasn't been involved with XRP for several years. I'm simply pointing out XRP and SWIFT as an example of another system that crypto is in a position to make massive improvements to. Is it perfect? Of course not. Is it good that we can start phasing out bulky, antiquated, expensive, tightly controlled systems in favor of new technologies? Absolutely. I'll also point out that your lack of knowledge on XRP's SEC lawsuit is something you should address if you want to hold such strong opinions on it.

I agree that newbie's should stay away from alt-coins not named Ethereum until they get more knowledgeable. There are so many, and it's very difficult to tell which ones have value long term and which ones will not be around next cycle.

You're trying to paint me as something I'm not, because I don't drop to me knees for Bitcoin's every move. There are 3 main things happening with blockchains and crypto.

1. New financial vehicles and ways of transacting
2. New means of fulfilling trustless transactions and execution of contracts
3. New ways of building web-based platforms that are more decentralized, moving to fully decentralized

Bitcoin is tackling number 1. There are other projects that are taking on 2 and 3, don't ignore them because you're focused only on the financial aspects. All blockchains can benefit from advancements made on other blockchains, Taproot and Lightning are examples of Bitcoin taking steps to improve itself based on advancements from other blockchains. The fact that you refer to alt-coins as sh*t-coins tells me you don't view the technologies objectively, you don't see what they can offer and are only focused on the negatives. There is so much more happening, don't miss the forest for the trees.

We're largely in agreement on these things. One of the more toxic things to arise in blockchain circles is the tribal effect that seems to spring up. A lot of people take sides when discussing various crypto assets, "Asset B must be garbage because it isn't Asset A, and anyone who holds Asset B must hate Asset A."

---

My intent was never to mislabeled you, but to make others aware that much of your post was extremely subjective.

There's a crap ton of value and time to be extracted from people and your attention is exceptionally valuable (currently and even exponentially more so in the future).


Regarding day/day transactions, start pricing things in satoshis now. We won't use bitcoin for day to day but fractions of bitcoin, called satoshis. We already use fractions of satoshis in lightning network transactions instantly and seamlessly without bogging down the main chain with stupid gifs or badly developed smart contracts.

I like you know, you're not wrong, but without valuable perspective gained through self-education you could be leading individuals to a path of decadent gambling supplemented with excessive marketing and authority bias instead of experience knowledge leading the exposure

MR Gadsden said:

---

And stocks are not?

---

Stocks are based on tangible assets

administrative errors said:

---

doubledog said:

---

RDCAG said:

---

Yes and yes.

---

Explain to me why Crypto is not a complicated Ponzi scheme.

---

Explain to me what you know about the process and history of money creation, game theory, networks [internet/bittorrent], hardware/software, philosophy, cypherpunks, etc, and we can start there.

Only then will I know what you are missing to fill you in. If that's too time consuming, we'll we'll don't worry so much about it since you never cared whether your current system was a "bubble" or a "ponzi scheme" etc.

---

For starters, what tangible assets are traded?

whatthehey78 said:

---

Dumb question (olds here). Value wise...is $1,000 US = $1,000 bitcoin...or...will $1.00 US buy $1.00 bitcoin? If not, why swap??

---

1 Bitcoin is currently worth $60,000. It's value is not tied to any fiat currency.

There are some that are tied to the dollar. USDC is one example.

Bitcoin's value since (nearly) inception, note that this chart is logarithmic, candles are weekly:

Below is a link to the days value of Bitcoin.
https://www.coindesk.com/price/bitcoin/

Bitcoin's volatility on a daily basis rules it out as a currency. Look at the 52 week highs and lows and tell me people will accept this volatility for a currency.
52 week low $13,223
52 week high $66,975

So the typical consumer buying groceries can buy 6 times less Cheetos on a bad day or 6 times more on a good day.

Bitcoin is a speculative investment not suited for daily transactions.

Describe tangible, and whether data or energy holds tangibility across space/time.

One thing about these Bitcoin discussions is they seem to ignore the principles of economics.

A major difference between the U.S. Dollar and Bitcoin is that you can print more Dollars but Bitcoin is capped at 21 Million. The U.S. Dollar functions effectively as a global reserve currency as long as it is created (printed) in a manner consistent with the increase in global demand for goods and services. This provides price stability, something that Bitcoin does not have (see Richardag's chart and excellent points about volatility)

One thing that makes Bitcoin "Ponzi-like" (or even MLS) is the periodic halving of the "rewards" for mining bitcoin. For a miner, that is the equivalent of getting your compensation cut in half overnight. So, the earlier you get in, the better.

The finite cap on Bitcoin is also an issue. Once supply is fixed (and it is nearing that point), as long as demand increases, the price in dollars or whatever you are converting to bitcoin will increase because of the law of supply and demand's effect on price.

I find the statements that Bitcoin is not tied to any fiat currency interesting. It's measured in Dollars for the most part. It takes dollars or yen or pesos or Euros or BPs to acquire it. There is an exception for miners, but that is very little of the actual Bitcoin exchange market and technically they are spending some kind of currency on the expense to mine it. While you can buy things with bitcoin, it is pegged to some kind of local currency value conversion. If I go on PayPal to buy bitcoin and turn around and buy something in bitcoin, it's just a dollar / bitcoin / dollar conversion.

If I buy something today that I am speculating will go up or down in value, that is an investment, not a currency. If I buy XYZ today at $100, and it goes up to $200 tomorrow, I can buy $200 worth of goods after I convert that stock back into dollars. Bitcoin is no different as a vehicle or store of value. However, Bitcoin is cashing (pardon the pun) in on the law of supply and demand, and a lot of marketing and hype. I have sat through several Bitcoin and Blockchain presentations from strategic firms like E&Y, McKinsey and the like, and they all look like that one from CB Insights above. It's a PowerPoint with a lot of could, would, might, can and may. None of them ever really can explain what either really are because it is mostly hype and marketing.

Bitcoin and Blockchain are largely overhyped technology that are being made out to be something larger than they really are in reality. Bitcoin is an investment vehicle designed to make the creator and early adopters wealthy and it has. Sure, it can be used to buy and sell things and doesn't rely on conventional methods like cash, checks and credit cards. Doesn't really make it better, just makes the creators wealthy. Blockchain is a complex network of databases with some safeguards to prevent tampering. The value of Blockchain in the workplace is using that technology to execute commerce through the supply chain with less human intervention based upon agreements between vendors and customers. It's not unlike replacing people on a manufacturing line with robots. It's almost more of an idea or approach than a technology.

1) What happens when the cost of mining bit coin is greater then the reward of mining bit coin? What happens when more and more smaller "miners" leave bitcoin - could a group of powerful large scale miners get together and form a mining majority and take control of bitcoin?

2) What happens if an organization or government figures out a way, either in actuality or nefariously by digital deception, to control or backdoor take control of a majority of the mining computers? Who controls the hardware/software that all of this system operates on? What happens when some large organization/government in the future get together and develop the microprocessors or network software to trick or override the block chain safety guards?

Think it can't happen? All encryption can be broken - eventually. You put a lock on your door not to stop a robber from entering - because anyone determined to get into your house can and will - you lock your door to slow the bad guy down. But - ALL locks can be picked and all safes can be broken - even the block chain.

At least with the dollar it's the "devil" you know.

sleepybeagle said:

---

1) What happens when the cost of mining bit coin is greater then the reward of mining bit coin? What happens when more and more smaller "miners" leave bitcoin - could a group of powerful large scale miners get together and form a mining majority and take control of bitcoin?

2) What happens if an organization or government figures out a way, either in actuality or nefariously by digital deception, to control or backdoor take control of a majority of the mining computers? Who controls the hardware/software that all of this system operates on? What happens when some large organization/government in the future get together and develop the microprocessors or network software to trick or override the block chain safety guards?

Think it can't happen? All encryption can be broken - eventually. You put a lock on your door not to stop a robber from entering - because anyone determined to get into your house can and will - you lock your door to slow the bad guy down. But - ALL locks can be picked and all safes can be broken - even the block chain.

At least with the dollar it's the "devil" you know.

---

These answers exist pretty readily. Research "bitcoin mining incentives" the real answer to that full series of questions 1&2 is incredibly complex and simple simultaneously. I'd hate to bludgeon the topic and encourage your own timely research into it

Are we talking Bitcoin or alt coins? I need to know because the answer is different.

What if Bitcoin is MySpace and Yahoo! of the 90s? What then when a better Bitcoin comes along? Not even that. What if an exact copy i.e. BitcoinB comes along? Then BitcoinC and BitcoinD? You can see Etherium doing this already. An overarching authority is required to decree Bitcoin as the only legitimate cryptocurrency. Somewhat like gold is a central bank reserve but not silver or platinum. An authority could possibly decree that but I am not confident enough to buy Bitcoin.

MR Gadsden said:

---

It's poor advice to lose purchasing power year over year to inflation while the government prints your **** fiat money and destroys the middle class. Kraken has been granted a bank charter in WY so it must insure your funds the same way you money market bank does. I'm able to withdraw funds the same day I unstaked them. The world is changing but go ahead and keep your Fiat "safe"

---

As others have mentioned, why do you bitcoin adventists take it so personally if someone does not agree with the bitcoin orthodox church you subscribe to?

The "bank charter" comment is entirely misleading and you should be ashamed. See below excerpt from the Bank Policy Institute. Pay special attention to the type of "liquid assets" it must maintain. That nasty fiat currency you hate. So your insurance" pays out in US dollars - you cool with that?

Crypto is a means to conduct monetary transactions in a private, secure manner. All the white papers and presentations by "experts" in the consulting companies are meaningless. They are angling to make money by "educating" you on this new market. Reminds me a lot of Y2K and Sarbanes-Oxley.

It would be more effective for the bitcoin enthused to discuss counter arguments rather than dismiss any descension - that rhetoric is what makes people think of things like MLS and Ponzi's.

You will not find me making a comment that those who invest crypto are dumb or scammers. It is an interesting market and technology. But I am well informed on crypto and I just simply do not agree its the way of the future.

https://bpi.com/beware-the-kraken/

The SPDI regime in Wyoming has requirements intended to ensure the safety and soundness of institutions.[7] Chief among these includes a requirement for liquid assets that provides: "At all times, a special purpose depository institution shall maintain unencumbered liquid assets valued at not less than one hundred percent (100%) of its depository liabilities."[8]


Liquid assets are then defined by statute to mean U.S. currency held on the premises of the special purpose depository institution; U.S. currency held for the special purpose depository institution by a federal reserve bank or a federally insured financial institution; investments that are highly liquid, including obligations of the U.S. Treasury or other federal agency obligations, consistent with rules adopted by the Wyoming state banking commissioner.[9] The rules of the Wyoming Banking Division further define liquid assets to include a variety of financial instruments including not only U.S. Treasury securities but also investment-grade corporate debt, investment-grade U.S. state and municipal securities and other investment-grade U.S. federal or state government agency securities.[10]

Forty Twice said:

---

What if Bitcoin is MySpace and Yahoo! of the 90s? What then when a better Bitcoin comes along? Not even that. What if an exact copy i.e. BitcoinB comes along? Then BitcoinC and BitcoinD? You can see Etherium doing this already. An overarching authority is required to decree Bitcoin as the only legitimate cryptocurrency. Somewhat like gold is a central bank reserve but not silver or platinum. An authority could possibly decree that but I am not confident enough to buy Bitcoin.

---

Fair point. Bitcoin has already forked a couple times.

The point is that it's a completely free and open market where the price is 100% set by what people are willing to pay for it, and what people are willing to sell it for. It's a completely speculative investment and carries high risk. In its current state, people treat Bitcoin like gold, it is the store of value, so the likelihood of finding a buyer is pretty high. It is irrelevant whether you think this, or I think this, or some government mandates it, it only matters what people are willing to pay for it. That said, abandoned projects are a big risk, you might be left holding a bunch of coins that nobody will buy. This is a massive risk with alt-coins, it is a very low risk with Bitcoin at this time.

For the olds like myself, Beckett was a magazine that used to tell us what baseball cards were worth, but that was meaningless unless you could find somebody to pay that price for it. The same is true with crypto, thus the high risk. Do as you please.

Quote:

---

I find the statements that Bitcoin is not tied to any fiat currency interesting. It's measured in Dollars for the most part. It takes dollars or yen or pesos or Euros or BPs to acquire it. There is an exception for miners, but that is very little of the actual Bitcoin exchange market and technically they are spending some kind of currency on the expense to mine it. While you can buy things with bitcoin, it is pegged to some kind of local currency value conversion. If I go on PayPal to buy bitcoin and turn around and buy something in bitcoin, it's just a dollar / bitcoin / dollar conversion.

---

People make statements that Bitcoin is not tied to any fiat currency, because the value moves independently. There are cryptocoins called "stablecoins" that set their price at $1. USDC is an example of this, USDT is another. This is what it means. Bitcoin's price in dollars will change over time as opposed to stable coins that are fixed at $1.

Also, the price of Bitcoin is measured in all kinds of currencies, and nearly every other coin out there will also its value listed in terms of bitcoin. As an example, right 1 Ethereum costs 0.069904 Bitcoins, and you can make that trade directly if you want to without going through fiats. When you get to a value difference between fiats and Bitcoin, there are people who will make arbitrage transactions to take advantage of this. The process of them acting on this will bring the values back to even.

administrative errors said:

---

Describe tangible, and whether data or energy holds tangibility across space/time.

---

tangible
noun

[ol]

a thing that is perceptible by touch.

[/ol]
Data (and energy) is tangible property and is covered by insurance (see link)
https://www.irmi.com/articles/expert-commentary/is-computer-data-tangible-property-or-subject-to-physical-loss-or-damage-part-1

Many here take any thread about cryptocurrency as a request for any and all detailed discussion of xyz aspect of crypto (of which there are endless topics of merit to discuss). So it can be confusing.

For those that have requested simple explanations:

"Crypto" as a term is today used more and more broadly to refer to anything ranging from a single digital currency, some centralized some decentralized, platforms and protocols, technical projects, the digital infrastructure in which some crypto exists, etc. Financial dimensions, technical dimensions, governance, etc. Not all cryptocurrencies or crypto projects are alike.

"Bitcoin (BTC) is the most popular "crypto". Fundamentally, Bitcoin is two things:

1. A digital currency that is decentralized (not controlled by a singular bank or government for example.

2. A technology. In Bitcoin's case this is primarily its digital ledger. This ledger exists as a decentralized public database that is linked together using cryptography. This database IS bitcoin, arguably. It holds records for all bitcoin transactions.

Not all "cryptos" share the same characteristics as bitcoin. Some offer more functionality. Some are centralized. Some use multi digital currencies. Some are intentional scams. And on and on.

KB, that is a fair point that Bitcoin can be converted into any other coin directly without being converted to dollars or other currency. And there are probably people that make a market in that or arbitrage as you say, just like there are people that make a living trading currencies.

I keep seeing it being touted as a store of value or a hedge against inflation because if you sit in cash you are losing money against inflation. In my opinion, that makes it an investment, just like a stock, ETF, art, baseball cards, gold, etc. Some of those are more liquid than others. Inflation is running about 5% YTD. The DJIA, S&P and Nasdaq are all up around 25% this year. SPY is my preferred index tracking fund and it has returned 25.76%. That is 5X inflation. Now, that does pale in comparison to bitcoin which has doubled.
However, I think most would agree that SPY is a whole lot less speculative than bitcoin. I also think it is far easier for the average person to understand. It is also much easier to open an account where they can buy SPY like Robinhood or many other brokerages than it is to navigate the crypto market.

One of the biggest roadblocks is you have people like AE pimping it, yet never answers a question but just assures people it's the greatest invention since the wheel and encourages people to do their research. This is a tactic usually used by swindlers to imply that you should already know about it because it's so simple, but they wouldn't want to make you feel foolish or less than by explaining something "that you probably already know, right?". AE runs from thread to thread looking for easy marks and avoids anyone with legitimate questions or points.

When (not if) sha 256 gets broken, bitcoin goes away forever.

Forty Twice said:

---

What if Bitcoin is MySpace and Yahoo! of the 90s? What then when a better Bitcoin comes along? Not even that. What if an exact copy i.e. BitcoinB comes along? Then BitcoinC and BitcoinD? You can see Etherium doing this already. An overarching authority is required to decree Bitcoin as the only legitimate cryptocurrency. Somewhat like gold is a central bank reserve but not silver or platinum. An authority could possibly decree that but I am not confident enough to buy Bitcoin.

---

You are describing a denial of service attack via affinity scam. See doge/shiba or eth/sol/ada/etc.

There is a very good reason bitcoin has survived and thrived despite an infinite amount of affinity scams. Maybe one of you guys can tell me why.

I'll lead a horse to water, but if that horse gets mouthy I'll let it die, just as well.

Billions of horses to hydrate, whether one thinks bitcoin "needs fixing" for them to drink from the well... well mushrooms need nutrients too.

Did I not ask for some reading material so I can review what you've read to give you those ideas? I'd love to read anyone who's calling bitcoin mining a ponzi scheme. That seems like good reading. If youd link it, or was that your own theory?

Which questions have i avoided? I usually refuse to engage with a question that resolves itself with a few seconds of googling, OR I'll point someone towards a concept that answers the question.


Side note: why is oct 31st a special day for bitcoin?

Monthly close and no longer a pre-teen mommy!

You dodged direct questions from sleepybeagle and doubledog on this page alone.

You didn't respond to any of my points about the laws of supply and demand, the fact that the people that got in early are really the big winners, that rewards are periodically halved for miners, or probably the most important - the implications of finite supply.

Try plainspeak about the topic.

Wat?

Oh the oct31st thing.

The day Martin Luther nailed his thesis to the door of the church and Bitcoin release date.

You're a pre-teen mommy? I'm really confused

Yeah sleepybeagles questions was just one question which is, where can I learn more about mining because I don't understand it. I encouraged him to read about "mining incentives" or better yet "mining game theory" as they will resolve those questions or at least provide valuable perspective.

Re: doubledog, didn't he answer his own question re:tangible assets? Is there more to comment on?

Max Stonetrail said:

---

KB, that is a fair point that Bitcoin can be converted into any other coin directly without being converted to dollars or other currency. And there are probably people that make a market in that or arbitrage as you say, just like there are people that make a living trading currencies.

---

It isn't that it's possible to trade it without converting to fiat, it's that it is normally not traded for fiat, it is normally traded for other cryptos or a stable coin. Truly, break the thinking that it is terms of dollars. Nearly every centralized exchange has markets for trading any coin in terms of Bitcoin, Ethereum, various stable coins, or selling it back for fiat. Most people only go to fiat when they want to take profits out. The stable coins are trustworthy in my opinion. When you look into the level of scrutiny given to exchanges that operate in the US, you start to realize that it isn't the wild west anymore.

Quote:

---

I keep seeing it being touted as a store of value or a hedge against inflation because if you sit in cash you are losing money against inflation. In my opinion, that makes it an investment, just like a stock, ETF, art, baseball cards, gold, etc. Some of those are more liquid than others. Inflation is running about 5% YTD. The DJIA, S&P and Nasdaq are all up around 25% this year. SPY is my preferred index tracking fund and it has returned 25.76%. That is 5X inflation. Now, that does pale in comparison to bitcoin which has doubled.
However, I think most would agree that SPY is a whole lot less speculative than bitcoin. I also think it is far easier for the average person to understand. It is also much easier to open an account where they can buy SPY like Robinhood or many other brokerages than it is to navigate the crypto market.

---

It is treated as a store of value by most people, because there is a large market for people wanting to trade it, and it has a history of going up. It is absolutely an investment just like gold, art, baseball cards, etc. It is entirely speculative, agreed. The liquidity opportunity for Bitcoin is high, because there are a lot of people that trade it, and there are exchanges that you can cash out with. Some people like to say it has no value because it isn't tangible. Ask any gold investor when was the last time they put their hands on their gold. Ask anybody when was the last time they put their hands on all the cash in their bank account. It has value because you trust that others acknowledge its value and will treat it as having that value. The market for Bitcoin is big enough that I trust in its value.

As for ease of access to exchanges, it can certainly be a daunting thing to enter into it. The exchanges are easy to get on, and easy to get started. You can get crypto on Robinhood also. Traditional brokerage firms are starting to get into it as well. There are IRAs that offer crypto investing. It is really easy to get into it, and there are sites that start you off simply. Frankly, the learning curve is the same as getting into stock trading, and a lot of the tools used are the same.

The risk is higher, the returns can be a lot higher, and the losses the same. I don't think most would agree that SPY is less speculative, I think everybody with an ounce of common sense would agree that SPY is less speculative.

Quote:

---

One of the biggest roadblocks is you have people like AE pimping it, yet never answers a question but just assures people it's the greatest invention since the wheel and encourages people to do their research. This is a tactic usually used by swindlers to imply that you should already know about it because it's so simple, but they wouldn't want to make you feel foolish or less than by explaining something "that you probably already know, right?". AE runs from thread to thread looking for easy marks and avoids anyone with legitimate questions or points.

---

That's fair. Truthfully, learning about crypto exchanges and trading is one thing, learning about blockchain technologies and how things function is quite another. These are complex topics that can't really be explained in a few paragraphs on a web forum. AE knows what he's talking about. He's not wrong to tell people to go read up on it, or watch videos talking about it. Perhaps he can come off as abrasive, but when you answer the same questions 100 times, when you could just type the question into a google search and probably get the answer, it gets frustrating. I don't begrudge him one bit. Every subculture gets its own vocabulary and catch phrases, and the crypto community is very much a subculture. One of the phrases used is "do your own research", so when this gets regurgitated to people not familiar with things it can come off in the way you describe. On the other side, you have people who know nothing about it scoffing and mocking it, and this can create the combative environment as well.

BTC has no use cases. Most altcoins do.

SOL to the moon.

Bitcoin turning 13 years old. Entering teenager years. It sort of made sense when I typed it.

Terrible teens.


Edit: thanks for the compliment kb.

KB, thanks for the info. I will probably be kicking myself come February when it is trading at $120,000, but that is a cross for me to bear. I should have picked up some cheaply on a lark when I first heard about it years ago. I still am leery of it for 2 reasons:

- It is capped at a finite amount, which is going to create some type of bubble like problem at some point. Admittedly, I don't know what that problem is, but someone smarter than me might be able to explain the exposure of that kind of model.
- The whole periodic halving of the rewards - it's "MLS like" in the first people make the most money, then so on, and by the time you get to the end it is impossible to make money mining.

I do know people are making a crap ton trading it right now, and will be for the foreseeable future.

AE was over on B&I on the hyperinflation thread attempting to use scare tactics around hyperinflation and with seemingly a very poor understanding of basic economics or handle on the global and U.S. situation. He also claimed to have been helping his "local community step into bitcoin" as a hedge against hyperinflation for like 7 years. If he has been doing that, he should have an archive of cut and paste that he can put out as reference for almost any question at this point, and it would seem he would have the continued interest to do it.

Sorry if this comes off as mean, but if you can't remember three questions people asked by two different people and how you cryptically answered (or not answered), I can't help you. Either stop posting in the middle of the night and get some rest, or get some help.