He's talking about one type of wallet. There are web based wallets you can use that are as easy as your chase account, if you so desire. The seed key isn't going away but usability is there if you're not overly concerned with security,

Only skimmed all 7 page, but if ESG and social credit scoring don't scare the bejeezus out of you you are not paying attention. All done in the name of the greater good and betterment of society:

NRA slams push to track guns purchased with credit cards - CBS News

Banks Are Devising Ways to ID Mass Shooters Before They Strike - Bloomberg

What is the social credit system? | Chinese ranking system | carm.org

What Is A Social Credit Score - KnowYourCreditScore.net

These are baby steps along the way to what is already happening in China and coming soon to Canada.

So the answer to how many AR-15 lowers can you buy, well that depends:
- are your vaccinations completely up-to-date, including those only under EUA?
- have you purchased your allotted number already?
- maybe you bought too much red meat this month?
- house powered by a coal plant, better eat some more bugs first?
- maybe you were caught smoking on your apt balcony?
- missed or disputed a payment to a utility or insurance co or IRS?

I agree that BTC isn't what I want in a real SHTF scenario -- water, food, and shelter are primary with guns and ammo necessary to defend and protect my investment. Even here I see gold way down the list.

However, in this era of slow, methodical creep of evil ESG and social credit, I believe F16 will come around to BTC or similar when their ability to spend their own money as they see fit is compromised.

Bravo

How well does Bitcoin work without electricity or internet?

Crypto currency is a scam. I understand the appeal of currency that can't be manipulated by a government but crypto is still fiat in nature and has nothing but 1s and 0s backing it. Traditional currency at least has a government with guns backing it up. Crypto does not have that advantage.

TexasRebel said:

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How well does Bitcoin work without electricity or internet?

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It doesn't work at all.

AggieUSMC said:

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TexasRebel said:

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How well does Bitcoin work without electricity or internet?

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It doesn't work at all.

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High velocity lead currency works well when that happens.

one safe place said:

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ac04 said:

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bmks270 said:

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Yes.

Bitcoin value is based on group psychology.

Fear.

1. FOMO
2. Fear that government backed currency will be devalued.

On point 2, we have record inflation and yet Bitcoin is at 2 year lows. Bitcoin as an inflation hedge has been proven wrong.

That leaves point number 1 being the main driver of the price.

And Bitcoin has run out of new adopters. When crypto has Super Bowl adds running then crypto and Bitcoin has achieved its maximum reach. Demand generated by finding new adopters has reached its end.

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bitcoin is a hedge against monetary debasement (what inflation actually is), not consumer price increases.

there are something like 100 million people who own bitcoin. the idea that adoption has peaked with a global TAM is laughable.

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Then most of them have what, like .000017 bitcoin?

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Not a math major I take it?

Wholeheartedly agree. Crypto consistently proves itself to be a scam.

Bitcoin isn't crypto.

Now if you want to talk about violence, Jason lowery might be your huckleberry.

What gets lost is the value that you are actually storing/representing.

Why does a dollar have value to the general person?

They can trade it for food, shelter, entertainment, etc. It allows them to do work they know and trade a representation of that work for things they can't do on their own.

Why do physical objects work well as currency? Because you don't have to rely on an ISP to make a transaction.


I went to a grocery store the other day intending to pay with my debit-as-credit card. The internet was down. They became cash only. I used cash. What if they had been a bitcoin market? Internet is down? "Sorry folks. We're temporarily out of business."

TexasRebel said:

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How well does Bitcoin work without electricity or internet?

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Someone didn't read my post very well. In the worst kind of SHTF scenario it isn't going to be great - like EMP or total collapse. That's not what it's for and we have much bigger problems if something of that nature ever occurs. See my note about access to water, food, shelter, guns and ammo. Plan for this of course. It's a pretty low probability but yes still plan. It's a good investment in security and self sufficiency anyway.

Next how are you planning to deal with social credit? This is not only a high probability IT IS ALREADY HAPPENING! How are you going to buy goods when it's not SHTF but the government says you have to get jabbed first? Or reduce your consumption of red meat? Or give up your ICE vehicles? This isn't a doom and gloom scenario. This is the actuality of the path we are slowly marching down.

Internet outages are not uncommon.

I know how to slaughter and distill.
IDGAS about social credit. Neither will the rebellion.

Adverse Event said:

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Please accept these 1's and 0's from an IOU from my bank.

Oh I'm sorry, it looks like you bought excess fuel outside of your limit. We've already notified the authorities.

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On the other hand, please accept these 1's and 0's that were made up on the spot and have been given artificial value and scarcity for no reason whatsoever.

So all cash transactions? What if the bank doesn't let you withdraw your own mowny? Just gonna put it all in a safe at your place? And carry large amounts on your person? Or straight gold?

Social credit is a slow rot so I'm not claiming we need to instantly move. But it's more than clear right now that another system is needed.

You edited to add the internet statement while I was replying. In response to that: yes outages are not uncommon. And yet still billions digital transactions occur everyday across the globe. It's a problem but it's clearly not a blocker and is mostly already understood. Why is BTC any different here?

Ah, so they're already the same?

Sweet we can just remove the government and carry on, ya big brained summabeech.

Satoshi Nakamoto raped his father and killed his mother.

Don't work too hard on the Lil fella.

_mpaul said:

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Adverse Event said:

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Please accept these 1's and 0's from an IOU from my bank.

Oh I'm sorry, it looks like you bought excess fuel outside of your limit. We've already notified the authorities.

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On the other hand, please accept these 1's and 0's that were made up on the spot and have been given artificial value and scarcity for no reason whatsoever.

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Why was Bitcoin created? What was it in response too? Have you read the white paper on Bitcoin? Or ever the TLDR version of it?

LMCane said:

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WTF is this?

"Bitcoin topped $17,000 Wednesday, marking a two-year high for the world's largest digital coin."

Uh, BTC was at $66,000 barely a year ago.

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I probably read that 10 times thinking, "wait, what?@

AggieUSMC said:

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Crypto currency is a scam. I understand the appeal of currency that can't be manipulated by a government but crypto is still fiat in nature and has nothing but 1s and 0s backing it. Traditional currency at least has a government with guns backing it up. Crypto does not have that advantage.

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Physics and math > the government

rathAG05 said:

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LMCane said:

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WTF is this?

"Bitcoin topped $17,000 Wednesday, marking a two-year high for the world's largest digital coin."

Uh, BTC was at $66,000 barely a year ago.

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I probably read that 10 times thinking, "wait, what?@

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It's a prediction.

exp said:

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AggieUSMC said:

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Crypto currency is a scam. I understand the appeal of currency that can't be manipulated by a government but crypto is still fiat in nature and has nothing but 1s and 0s backing it. Traditional currency at least has a government with guns backing it up. Crypto does not have that advantage.

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Physics and math > the government

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All currency, even gold, are anchored by the desire of the ruling party.

Bitcoin only gets adopted if the IRS says so.

Gold and silver was good until one day the US powers said, "Nope, paper!"

Bitcoin will always be a commodity.

TexasRebel said:

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What gets lost is the value that you are actually storing/representing.

Why does a dollar have value to the general person?

They can trade it for food, shelter, entertainment, etc. It allows them to do work they know and trade a representation of that work for things they can't do on their own.

Why do physical objects work well as currency? Because you don't have to rely on an ISP to make a transaction.


I went to a grocery store the other day intending to pay with my debit-as-credit card. The internet was down. They became cash only. I used cash. What if they had been a bitcoin market? Internet is down? "Sorry folks. We're temporarily out of business."

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The missing piece for you is the idea that "value" is stored energy. Money is how we store energy in each other to enable specialization for the greater good. So the "value" (energy) stored in Bitcoin can be thought of as the TASOE, total available supply of energy. The TASOE inside of Bitcoin will change over time but trend upward IMO and the Bitcoin you hold represents a fixed percentage of that TASOE.

Everything comes back to energy, physics, molecules... Bitcoin's value is as digitally stored energy for redemptive at a future date. It's an energetically based, physics bound form of money.

bmks270 said:

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exp said:

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AggieUSMC said:

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Crypto currency is a scam. I understand the appeal of currency that can't be manipulated by a government but crypto is still fiat in nature and has nothing but 1s and 0s backing it. Traditional currency at least has a government with guns backing it up. Crypto does not have that advantage.

---

Physics and math > the government

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All currency, even gold, are anchored by the desire of the ruling party.

Bitcoin only gets adopted if the IRS says so.

Gold and silver was good until one day the US powers said, "Nope, paper!"

Bitcoin will always be a commodity.

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I agree Bitcoin is a commodity and so does the SEC and CME. No other crypto has such designation.

Quote:

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Wholeheartedly agree. Crypto consistently proves itself to be a scam.

Bitcoin isn't crypto.

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Full disclosure- I spent a couple of years trading and hedging in this space and got out middle of last year before the **** hit the fan.

If I learned one thing this is truth. Bitcoin is not like the rest of crypto. Neither are a few other projects. But the regulatory environment groups them all together.



I have no idea if Bitcoin will survive or not. I know that I am now on the sidelines without getting rich or crushed.

I know these threads become a free for all, so maybe I'm wrong in my analysis, but it kind of feels like (if I took an amalgamation of the pro-BTC folks) they're talking out of both sides of their mouth.

Is it an asset/commodity or is it a potentially viable currency alternative. I do not see how it can possibly be both.

I don't think you know what the physical laws are.

Definitely Not A Cop said:

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This is the way.

And since this video was made..... you don't want to buy Bitcoin because after that..... it went all the way to $20,000 and then it CRASHED down to $3,000. And then the next time, Bitcoin went up to $65,000 and then CRASHED all the way back down to $15,000.

So still.... the moral of the story is.... you don't ever want to buy Bitcoin because it's going to CRASH.

The answer is yes.

It acts as both but is beyond either definition.

Like when the automobile was Created it was originally under the same regulations as a carriages and was called a horse less carriage. The regs originally forced people to have two men running with flags next to he car, required all sorta of new safety features and eventually a new class of rules/regs were born out of it.

Technology moves faster than government rules and distinctions allow. Hth.

Not that it needs the CFTC but:

NEW: 🇺🇸 #Bitcoin is the only cryptocurrency that is a commodity - CFTC Chair

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) December 1, 2022

The value of bitcoin is centered around its' ability to be readily accepted as currency for goods and services. So, when its value continues to display a volatile history from widely separated lows and highs with few quality explanations, and reports of lost and stolen bitcoins continue to be reported, people loose confidence. This loss in confidence is further accentuated by the other crypto scams and failures.

Confidence is key in the future existence of bitcoin. As this path moves forward, a few more mistakes, and bitcoin will be no more. Additionally, utility is missing. Confidence and security is built with the scared and unsure investors by allowing them to hold and possess or gain some form of additional utility other than buying power.

The populous has to be able to understand the concept, and in this case, bitcoin it is similar to the MRNA vaccine. No understanding, public mistrust and explanations being given are typically framed as you are too dumb to understand this brilliant concept, so just do as you are told.

Last, there is no barrier to entry into the crypto currency exchange, how many currencies are in existence? How many more new currencies will begin in the upcoming years? Transparency and confidence are missing elements of crypto, and those are major two obstacles to overcome when trying to build confidence.

Kearney McRaven said:

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The value of bitcoin is centered around its' ability to be readily accepted as currency for goods and services. So, when its value continues to display a volatile history from widely separated lows and highs with few quality explanations, and reports of lost and stolen bitcoins continue to be reported, people loose confidence. This loss in confidence is further accentuated by the other crypto scams and failures.

Confidence is key in the future existence of bitcoin. As this path moves forward, a few more mistakes, and bitcoin will be no more. Additionally, utility is missing. Confidence and security is built with the scared and unsure investors by allowing them to hold and possess or gain some form of additional utility other than buying power.

The populous has to be able to understand the concept, and in this case, bitcoin it is similar to the MRNA vaccine. No understanding, public mistrust and explanations being given are typically framed as you are too dumb to understand this brilliant concept, so just do as you are told.

Last, there is no barrier to entry into the crypto currency exchange, how many currencies are in existence? How many more new currencies will begin in the upcoming years? Transparency and confidence are missing elements of crypto, and those are major two obstacles to overcome when trying to build confidence.

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1.
Every criticism levied against bitcoin in its 14 years of life (not a mrna vaccine that was never been tested in the public, waS rushed through development, had active collusion of media, tech, politicians and regulators worldwide, etc... what a fkn horrible assessment to compare the two

Every criticism levied against bitcoin has at least 1 10,000 word essay that you can consume to further educate yourself. And more written to explain from different views or references.

Public confidence in bitcoin at this point has more to do with the world collapsing around the public and less to do with the excessively stable protocol itself.

The more we watch our government collude, the more we watch them salivating looking at our 401k's and wealth we planned to transmit to our children and theirs, the more we see regulatory capture, lies and deceit from our TRUSTED administrators, bitcoin's trustless nature gains more confidence amongst the less inclined to trudge through the complex details and those willing to start the process with open and curious hearts.

There will be laggards, who refuse to do any work. There will be suffering during the transition, it won't be clean most likely, and hopefully it'll be slow.

Lastly, digital scarcity can only be created once. Do what you will with it when you will. That's on you homie. Not bitcoin.


Over 14 years
Over 5,110 days
Over 122,640 hours
Bitcoin has been public, transparent, open sourced and working EXACTLY AS INTENDED.
If you or yours haven't taken hours to dedicate to understanding it, that's on you.

The BTC maxis are def annoying but damn there's a lot of bitter ass people on here that didn't make money on crypto. It's here, for good. Sorry you feel you missed the boat, but there's still time.

The Banned said:

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I know these threads become a free for all, so maybe I'm wrong in my analysis, but it kind of feels like (if I took an amalgamation of the pro-BTC folks) they're talking out of both sides of their mouth.

Is it an asset/commodity or is it a potentially viable currency alternative. I do not see how it can possibly be both.

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I would say on its own Bitcoin can never be a viable large scale currency alternative. The transaction times and sizes would prohibit that from ever happening, but combined with the lightning network it suddenly becomes not only viable the fees drop to next to nothing. I started a thread on the baseball board about a team in Australia that is using Bitcoin for real time tips. Fans can scan the lightning wallet QR code and send the players sats in real time for their performance on the field. The first weekend of the sats for stats program saw the audience tip 1% of the entire team payroll. Now play that out over the full season as more people get involved. I sent some sats from Midland to Perth.

If anyone downloads a lightning enabled wallet and wants to play around with it, I'll shoot you over 1000 sats if you send me your address. Some good mobile wallets are "Muun" or "wallet of Satoshi" if you want to do the tipping to the baseball team the wallet of Satoshi works best right now.

We can talk about how to secure your sats/Bitcoin so that self-custody is not so daunting.

Shoot me a message on here or an email at mrichline@gadsdenbuildings.com

What are sats?

Satoshi's or sats is the smallest the unit of measurement of one BTC.

There are 100 million sats in one BTC.

When you start measuring by sats, 1 BTC takes on a lot more meaning than just the current market price it is against the dollar.