Well, GO.

You can touch beanie babies

Because it has tangible utility beyond sitting on a display cabinet shelf.

Yes, but if you take the tag off the beanie baby it's worthless. Kinda like your private key?

Can't make the argument either way, but I do know you'll be proven wrong or right within your lifetime.

Ragoo said:

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Because it has tangible utility beyond sitting on a display cabinet shelf.

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How so? because other people believe it is real? Can one get a loan based on bitcoin as an asset?

Stat Monitor Repairman said:

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Can't make the argument either way, but I do know you'll be proven wrong or right within your lifetime.

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My lifetime is pretty short right now. So if I have to eat crow, it will be by someone else taking up my username.

The US Dollar isn't real either….

Money is money if people believe it is.

Kenneth_2003 said:

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Yes, but if you take the tag off the beanie baby it's worthless. Kinda like your private key?

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I have no lock on my privates

Why does gold have value?

Actually, I believe you can

Ty Warner could make as many beanie babies as they wanted.

aggiehawg said:

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Ragoo said:

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Because it has tangible utility beyond sitting on a display cabinet shelf.

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How so? because other people believe it is real? Can one get a loan based on bitcoin as an asset?

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I don't trade crypto and have no argument for or against it. A lot of people do make money in it and some have made a fortune, but it's not my cup of tea.

My concern regarding crypto is this. The Fed is going to introduce their digital dollar, which I don't support at all but it's coming. China is going to do the same with the Yuan. Then the EU and others will with their currencies. What if these countries make it illegal to conduct transactions in BTC and other cryptos within their borders?

Like I've stated, I don't know the intricacies of crypto because it's just not for me so if someone says I'm a complete dumbass on this subject, believe them. Too many other avenues I'm familiar with that I can make money on.

Eso si, Que es said:

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You can touch beanie babies

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That sounds creepier than it probably really is.

ProgN said:

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aggiehawg said:

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Ragoo said:

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Because it has tangible utility beyond sitting on a display cabinet shelf.

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How so? because other people believe it is real? Can one get a loan based on bitcoin as an asset?

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I don't trade crypto and have no argument for or against it. A lot of people do make money in it and some have made a fortune, but it's not my cup of tea.

My concern regarding crypto is this. The Fed is going to introduce their digital dollar, which I don't support at all but it's coming. China is going to do the same with the Yuan. Then the EU and others will with their currencies. What if these countries make it illegal to conduct transactions in BTC and other cryptos within their borders?

Like I've stated, I don't know the intricacies of crypto because it's just not for me so if someone says I'm a complete dumbass on this subject, believe them. Too many other avenues I'm familiar with that I can make money on.

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That would be the one thing stopping it's acceptance is governments declaring them illegal. The us treasury creating its own crypto is still a centralized currency, and not the point of bitcoin at all.

When that happens, Bitcoin will be needed all the more. Has there ever been a better example of why we need a decentralized currency than the recent months where everyone is hanging on every word from the Fed chairman waiting to hear if they'll further destroy our currency or not. Why does any org have that power?

Also recent events in Canada are further showing it's purpose.

You'll still have beanie babies if you don't have electricity

itsyourboypookie said:

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You'll still have beanie babies if you don't have electricity

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Do you have money in the bank if the bank doesn't have electricity?

The money you have in the bank only "exists" as a record in the bank's computer system.

aggiehawg said:

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Well, GO.

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I'll save AE the trouble on this one, and direct you to https://bitcoin.org/en/

Well, GO


Also, do you have any info on the market research/analysis for beanie babies and/or tulips issued by Fidelity/Wells Fargo/BNY Mellon etc? I'd like to read them so I can bail on this sinking ship.
When I searched I couldn't even find any info on the amount of beanie babies/tulips that institutional investors were holding? Boy I bet their faces were red.

"Bro, Bitcoin is like,.... so good... come on... don't you hate the government? Don't look at all the poor press and volatility. Come smoke a doobie in the mountains with me. Come on!" - AE

In fact you can actually get loans against your crypto assets

Keegan99 said:

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itsyourboypookie said:

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You'll still have beanie babies if you don't have electricity

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Do you have money in the bank if the bank doesn't have electricity?

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Yes you do. The ledger isn't lost. Access to said asset? Not while there is no power. Is the value temporarily reduced? Sorta, yes. As asset without mobility could be without value.

Power out at what scale? Local? Regional? National? Global?

Some countries have outright said it is legitimate currency. It's real. The question is if it's feasible long term.

I think Bitcoin is the most popular representation of block chain technology, which I do think will continue to make changes across the globe. So in this way, I don't think Bitcoin will end of being Beanie Babies at all. I think it will be Alta Vista, Infospace, or pets.com - high flying companies that failed but helped change communicate and how we do business.

I've made money off BTC, the others, not so much.

Kenneth_2003 said:

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Keegan99 said:

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itsyourboypookie said:

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You'll still have beanie babies if you don't have electricity

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Do you have money in the bank if the bank doesn't have electricity?

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Yes you do. The ledger isn't lost. Access to said asset? Not while there is no power. Is the value temporarily reduced? Sorta, yes. As asset without mobility could be without value.

Power out at what scale? Local? Regional? National? Global?

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How do you have a global power outage?

aggiehawg said:

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Well, GO.

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Very well.

I bought some in 2017. The money I put in it is worth more than the money I didn't.

Bought a little in 2019. The money I put in it is worth more than the money I let sit in savings.

Bought some more in 2020. The money I put in it is worth more than the tulips I bought my wife or cash sitting in a safe.

Bought a little more in 2021. The money I put in it is worth more than the money I didn't.

Gonna buy a little more this year.

And don't recall trillions in market capitalization and heavy institutional investment in beanie babies.

camelclub said:

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In fact you can actually get loans against your crypto assets

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LOL. When I was bank counsel, boards were more skeptical about inflated assessments of fake assets.

Guess you got loans based on Beanie Babies too.

Bitcoin is a fiat currency that is not backed by any country's full faith and credit. correct? Any country that matters? Guess Venezuela's using Bit coin would be legit?

jt16 said:

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Kenneth_2003 said:

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Keegan99 said:

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itsyourboypookie said:

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You'll still have beanie babies if you don't have electricity

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Do you have money in the bank if the bank doesn't have electricity?

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Yes you do. The ledger isn't lost. Access to said asset? Not while there is no power. Is the value temporarily reduced? Sorta, yes. As asset without mobility could be without value.

Power out at what scale? Local? Regional? National? Global?

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How do you have a global power outage?

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That's my point. The block chain ledger (potentially redundant I know) is global. A total grid collapse that encompassed the entirety of, say north America, might lock you away from your bank and your brokerage, but the block chain would continue.

A true global power outage would render all fiat useless. All fiat would literally be like tipping the Titanic band for a request

OG UNF said:

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aggiehawg said:

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Well, GO.

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Very well.

I bought some in 2017. The money I put in it is worth more than the money I didn't.

Bought a little in 2019. The money I put in it is worth more than the money I let sit in savings.

Bought some more in 2020. The money I put in it is worth more than the tulips I bought my wife or cash sitting in a safe.

Bought a little more in 2021. The money I put in it is worth more than the money I didn't.

Gonna buy a little more this year.

And don't recall trillions in market capitalization and heavy institutional investment in beanie babies.

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When you go to the gas station and grocery store, how do you use your bitcoin?

There are a couple of major problems with digital currency.

As stated before any government can make it illegal to own and/or demand you turn yours over to them.

Don't say it can't happen, it's happened with gold already.

One other issue

You will need crypto the most if current fiats being used fail.
That will create a panic.
You have to have power and internet access to do a transaction.

We have seen countries restrict and totally shut off cell signals and access to the internet during times of strife, don't think it can't happen here.


That being said
What is the harm in buying a little or if you can afford it buy a good chunk of it.
Every speculation and investment is a risk.

Kenneth_2003 said:

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Keegan99 said:

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itsyourboypookie said:

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You'll still have beanie babies if you don't have electricity

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Do you have money in the bank if the bank doesn't have electricity?

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Yes you do. The ledger isn't lost. Access to said asset? Not while there is no power. Is the value temporarily reduced? Sorta, yes. As asset without mobility could be without value.

Power out at what scale? Local? Regional? National? Global?

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Same with Bitcoin?

I don't think banning it will stop anyone. And it will be a lot harder for a government to find your wallet than the same amount of gold.

Eso si, Que es said:

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You can touch beanie babies

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LOL @ the 18+ future LOLpoors that liked this. Enjoy your 10% inflation.

Nm