Founders are locked in and are working hard to market the coin and grow the community
Crypto-trading thread
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Last: 19 hrs ago by Heineken-Ashi
Working hard to raise exit liquidity is more accurate. Doesn't mean you can't make money off the coin though!dtx_Aggie17 said:
Founders are locked in and are working hard to market the coin and grow the community
GarbageTheBiggerEvent said:
$BOON could be the next DOGE or SHIBA
Wish I knew the next $BOON.
There is literally a Baboon holding a phone on the landing page. This is a great representation of a ****coin. They even state they have 200 holders on the site.
Just Aggies trying to help other Aggies make money..
FAT SEXY said:
Also, I'd like to say that I do like things about crypto and believe it has a future.. I just don't understand the need crypto advocates have to discount Gold around every corner.
Fair points!
It's not discounting gold, it's stating clearly that while gold has served a purpose as money the past because it's unique properties, those characteristics are no longer useful when comparing to bitcoin.
Gold is great, has a super history, great rare metal, beautiful shiny rock that is difficult to destroy and malleable as hell.
But it doesn't have usefulness as a money anymore, because bitcoin exists and has changed the definition money and unlocked features of money that humanity still hasn't defined.
Gold is great.
Bitcoin is better than Gold, and obsoletes gold as money.
I'm fact bitcoin may be the first and only money (Money v1.0) and everything else was
1. Money v. 0.1 (shells)
2. Money v. 0.2 (gold)
3. Money v.0.3 (fiat)
4. Money v.0.4 (digital fiat)
5. Money v 1.0 (bitcoin)
Nothing wrong with the past iterations and we can still go back to then if when we want, but the features and functionality of bitcoin as money far surpasses anything prior.
Again, nobody discounts gold as anything except less than bitcoin, because it is.
Gold is great, has a super history, great rare metal, beautiful shiny rock that is difficult to destroy and malleable as hell.
But it doesn't have usefulness as a money anymore, because bitcoin exists and has changed the definition money and unlocked features of money that humanity still hasn't defined.
Gold is great.
Bitcoin is better than Gold, and obsoletes gold as money.
I'm fact bitcoin may be the first and only money (Money v1.0) and everything else was
1. Money v. 0.1 (shells)
2. Money v. 0.2 (gold)
3. Money v.0.3 (fiat)
4. Money v.0.4 (digital fiat)
5. Money v 1.0 (bitcoin)
Nothing wrong with the past iterations and we can still go back to then if when we want, but the features and functionality of bitcoin as money far surpasses anything prior.
Again, nobody discounts gold as anything except less than bitcoin, because it is.
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FAT SEXY said:
He pointed this out and then quickly followed it up by saying that there are only 21 million Bitcoin.
We have been chasing Gold for Millenia.. and the entire sum of the above ground supply that we have could fit in 4 Olympic sized swimming pools.
Gold is readily recognized the world over for its value. Is Bitcoin?
You cannot network a whole country and its accompanying fiat currency into existence.
So I'm no crypto expert, but I do see the value in Bitcoin, and possibility for AltCoins to make a run, and I understand the concept of scarcity, so here's my quick feedback. Keep in mind, this is more me working it through my own head than pretending to be an ECON professor, but I'm constantly working on improving my defense of my choice to promote Bitcoin to my wife and friends.
Regarding your first two lines of comments, I'd argue that you're proving the point that Gold is indeed finite. Therefore, it's value is relatively stable. Relatively, because it's still pegged to inflation and monetary policies of fiat currencies and the governments that regulate them. Those governments' countries are made up of millions of people that rely on the fiat currency of their own country, and the regulations can change overnight, so it makes sense to protect against potential devaluation by buying something tangible, and finite. Bitcoin is indeed finite, and depending on whether you consider a cold storage wallet thing 'tangible,' that's up to you, but enough people do consider it so. Further, it's getting easier, not harder, to transact Bitcoin...meaning, like Gold, it can be easily exchanged.
If a product can be easily exchanged, someone sees value in it. So, for the italicized line, I'd argue that 'enough people worldwide perceive Bitcoin to have value.' What is the 'cost' of that value? Depends on the person and their timeline, just like a stock. There are several posters here who claim Bitcoin is on sale for 25% off! That must mean, to them, Bitcoin is worth at least $57,333. Some posters probably won't sell at that price because they see Bitcoin as more valuable and want it to go to $69,420 (giggity), but even then, might not sell. Bitcoin is becoming gold-like in the way that there's anecdotes of people burying gold back in the day, or putting it in a safe for years and not touching it, but there's still enough in circulation to drive demand and exchange.
For the bold comment, I'd simply argue that you can indeed 'network' a whole country and it's accompanying fiat currency into existence. We just haven't done it on a large scale in some time, and countries' monetary policies have become lazy over the past 100 years.
1) South Sudan didn't exist 20 years ago, but it does now. Poof. As does the South Sudanese Pound. It was created (forked, in crypto talk) on July 18, 2011 and replaced the Sudanese pound at par.
2) Think back to medieval times, when kings had to fund armies. They used actual gold and silver to do so because soldiers wouldn't conquest for free. That policy, at least in America, went all the way up into ~1913 and beyond because it wasn't until 1913 that the Federal Reserve was created. And even then, you could exchange your Federal Reserve notes for actual gold at a United States Treasury...and I don't think you can do that anymore. So even the United States dollar is basically just floating around masquerading as currency since the departure of the Gold Standard. In my mind, the only reason it's having such success is because the majority of the world still peg their own currency against it. The day that stops (due to rampant printing perhaps?) we've got a real problem on our hands, and Bitcoin, like Gold, is a hedge against the negative effects of that day, in addition to being a store of wealth, so long as the US Dollar is still top dog.
End of rant. But remember, I'm not an expert.
Gj xpressag, well stated. Would add that they promised vast swaths of land of the conquered or already fruitful land of the kingdom to the hopeful conquering warriors/warlords, depending on ability to produce results.
This is a premise j.lowery speaks about as conquered bitcoiners can be relieved of none of their labor output(stored as btc), where land, gold, etc are absolutely sizable and redistributable to the winners. This provides less incentive to commit egregious acts of redistribution (of money/abstractions) via warfare/kinetic force projection.
This is a premise j.lowery speaks about as conquered bitcoiners can be relieved of none of their labor output(stored as btc), where land, gold, etc are absolutely sizable and redistributable to the winners. This provides less incentive to commit egregious acts of redistribution (of money/abstractions) via warfare/kinetic force projection.
***
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I will only say that I think the idea of mining extra-terrestrial rocks for resources within 10 years is in no way doable on any kind of scale that matters.
I'm spit balling a 5% chance that you might be able to do a miniscule pilot by scraping a rock in the asteroid belt between here and the moon just to render the concept.
The USA has zero chance in pulling this off within the next 30 years. We are a dumb f'ing country at war internally that can't agree on anything. If any country does it, it will be China. They are the only country that has the resources and the iron will to do something like that at this point.
Outside of that, Elon or possibly Bezos has a better chance than the government and their chance is still small.
I'm spit balling a 5% chance that you might be able to do a miniscule pilot by scraping a rock in the asteroid belt between here and the moon just to render the concept.
The USA has zero chance in pulling this off within the next 30 years. We are a dumb f'ing country at war internally that can't agree on anything. If any country does it, it will be China. They are the only country that has the resources and the iron will to do something like that at this point.
Outside of that, Elon or possibly Bezos has a better chance than the government and their chance is still small.
Turks looking to crypto now as lira continues its collapse.
https://www.wsj.com/articles/turks-pile-into-bitcoin-and-tether-to-escape-plunging-lira-11641982077?st=sybwb9p4c20sniv&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/turks-pile-into-bitcoin-and-tether-to-escape-plunging-lira-11641982077?st=sybwb9p4c20sniv&reflink=desktopwebshare_permalink
Quote:
Turks are particularly enamored of the stablecoin tether, whose value is pegged to the dollar. The lira this fall became the most traded government-issued currency against tether, outpacing the dollar and the euro, according to data provider CryptoCompare.
Quote:
Stablecoins such as tether are also used as a gateway to trade in and out of positions in more volatile coins such as bitcoin and ether. Turkish crypto exchange Bitlo experienced a pickup in the number of new traders last quarter as the lira's value cratered, said Esra Alpay, the firm's chief marketing officer.
Right but to value gold you have to assume a stable equation of supply is accurate over time, and just the knowledge that it is feasible breaks the supply scarcity equation. If you attempted to transfer today's energy produced into 100 years, you cannot do that with gold because supply isn't constrained in nature, just terrestrially.
Pre-coinbase exchanges? I think there's like 3 or 4 people on texags.
Pre-coinbase exchanges? I think there's like 3 or 4 people on texags.
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Well, I'm not really arguing anything gold wise here. I'm just merely stating that our technical capability to mine off world resources is a pipe dream right now and I don't see how that will happen within 10 years.administrative errors said:
Right but to value gold you have to assume a stable equation of supply is accurate over time, and just the knowledge that it is feasible breaks the supply scarcity equation. If you attempted to transfer today's energy produced into 100 years, you cannot do that with gold because supply isn't constrained in nature, just terrestrially.
I hope to be proven wrong, but we are too divided as a populace to rally behind a large-scale endeavor like that.
Whi is strapped in for a Harmony One blast between today and Q2?
I don't know much and I do not have all the answers, nor do I offer advice.
I can say that I would not be surprised if ONE hits between $1 and $2 very soon.
Good things.
I don't know much and I do not have all the answers, nor do I offer advice.
I can say that I would not be surprised if ONE hits between $1 and $2 very soon.
Good things.
FAT SEXY said:
Curiosity Question: How were people trading Bitcoin in the early early days before it was on the exchanges we know of now?
Mt Gox (now defunct)
LatinAggie1997 said:
Whi is strapped in for a Harmony One blast between today and Q2?
I don't know much and I do not have all the answers, nor do I offer advice.
I can say that I would not be surprised if ONE hits between $1 and $2 very soon.
Good things.
I could see DFK being a nice catalyst for growth
It has definitely been a catalyst last few weeks and will grow. Lots of exciting things on the roadmap.
ae, I'm always eager to read what you post on here. You've increased my understanding of BTC significantly, and I've been following it since the early days. But, I have to disagree with your take on gold here...administrative errors said:
It's not discounting gold, it's stating clearly that while gold has served a purpose as money the past because it's unique properties, those characteristics are no longer useful when comparing to bitcoin.
Gold is great, has a super history, great rare metal, beautiful shiny rock that is difficult to destroy and malleable as hell.
But it doesn't have usefulness as a money anymore, because bitcoin exists and has changed the definition money and unlocked features of money that humanity still hasn't defined.
Gold is great.
Bitcoin is better than Gold, and obsoletes gold as money.
I'm fact bitcoin may be the first and only money (Money v1.0) and everything else was
1. Money v. 0.1 (shells)
2. Money v. 0.2 (gold)
3. Money v.0.3 (fiat)
4. Money v.0.4 (digital fiat)
5. Money v 1.0 (bitcoin)
Nothing wrong with the past iterations and we can still go back to then if when we want, but the features and functionality of bitcoin as money far surpasses anything prior.
Again, nobody discounts gold as anything except less than bitcoin, because it is.
I don't think gold is obsolete as money. Both BTC and gold can be used successfully as stores of value. What happens when there's no electricity, or no access to the internet? BTC is dependent on a power source and a network. In some scenarios (loss of power, down network), we need something tangible to trade. Gold is excellent as money because a very small amount of it holds a lot of value - it's a lot easier to transport $50k in gold than it is in silver. BTC is even easier to transport, but only as long as power and network are available.
If we're talking about a scenario where power is out for that long, I don't think gold is going to do much for you, either. That's an apocalyptic event where only guns/ammo/food will be of any real value to you.GrapevineAg said:ae, I'm always eager to read what you post on here. You've increased my understanding of BTC significantly, and I've been following it since the early days. But, I have to disagree with your take on gold here...administrative errors said:
It's not discounting gold, it's stating clearly that while gold has served a purpose as money the past because it's unique properties, those characteristics are no longer useful when comparing to bitcoin.
Gold is great, has a super history, great rare metal, beautiful shiny rock that is difficult to destroy and malleable as hell.
But it doesn't have usefulness as a money anymore, because bitcoin exists and has changed the definition money and unlocked features of money that humanity still hasn't defined.
Gold is great.
Bitcoin is better than Gold, and obsoletes gold as money.
I'm fact bitcoin may be the first and only money (Money v1.0) and everything else was
1. Money v. 0.1 (shells)
2. Money v. 0.2 (gold)
3. Money v.0.3 (fiat)
4. Money v.0.4 (digital fiat)
5. Money v 1.0 (bitcoin)
Nothing wrong with the past iterations and we can still go back to then if when we want, but the features and functionality of bitcoin as money far surpasses anything prior.
Again, nobody discounts gold as anything except less than bitcoin, because it is.
I don't think gold is obsolete as money. Both BTC and gold can be used successfully as stores of value. What happens when there's no electricity, or no access to the internet? BTC is dependent on a power source and a network. In some scenarios (loss of power, down network), we need something tangible to trade. Gold is excellent as money because a very small amount of it holds a lot of value - it's a lot easier to transport $50k in gold than it is in silver. BTC is even easier to transport, but only as long as power and network are available.
Buying more $NEAR
Maybe you're accurate, it sure feels like there's quite a number of experiments happening that could make the feasibility much higher/indemand.
Let's say impossible in 10 years,
Possible in 20? 50? 100? 1000?
So 10million years of humanoid existence and last year was the first year we went from 0 to 1 milligram 100 milligrams to 60 grams of material from asteroids back to the planet.
https://www.alliedmarketresearch.com/asteroid-mining-market
It'll be really interesting to know whether most minerals mined will ever make it into earth's atmosphere or if manufacturing will exit the atmosphere en masse, and mostly finished goods will rain down from the sky.
It feels like most of us cannot imagine the scenario where we mine asteroids, but with the incentive to mine asteroids and the ability to infinitely leverage today for tomorrow's rewards reaping, I'd imagine we are far closer than we expect.
Sure seems like a significant amount of the world's processes would change overnight, t'were feasible.
Let's say impossible in 10 years,
Possible in 20? 50? 100? 1000?
Quote:
Asteroid sample return research missions (see completed missions Hayabusa and Hayabusa2 and in-progress OSIRIS-REx) illustrate the challenges of collecting ore from space using current technology. As of 2021, less than 1 gram of asteroid material has been successfully returned to Earth from space.[2] In progress missions promise to up this amount to approximately 60 grams (two ounces). Asteroid research missions are complex endeavors and return a tiny amount of material (less than 1 milligram Hayabusa, 100 milligrams Hayabusa2, 60 grams planned OSIRIS-REx) relative to the size and expense of these projects ($300 million Hayabusa, $800 million Hayabusa2, $1.16 billion OSIRIS-REx).[3]
So 10million years of humanoid existence and last year was the first year we went from 0 to 1 milligram 100 milligrams to 60 grams of material from asteroids back to the planet.
https://www.alliedmarketresearch.com/asteroid-mining-market
Quote:
Minerals on asteroids between Mars and Jupiter, according to NASA, are worth more than $100M per person on earth.
It'll be really interesting to know whether most minerals mined will ever make it into earth's atmosphere or if manufacturing will exit the atmosphere en masse, and mostly finished goods will rain down from the sky.
It feels like most of us cannot imagine the scenario where we mine asteroids, but with the incentive to mine asteroids and the ability to infinitely leverage today for tomorrow's rewards reaping, I'd imagine we are far closer than we expect.
Sure seems like a significant amount of the world's processes would change overnight, t'were feasible.
***
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Coming soon:
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Step 6: long-term planning
I am amped.
Right. We keep horses around in case the cars don't work or for unique transportation needs or for enjoyment/entertainment.
Is the horse market larger or smaller and far more niched since the locomotive engine was created?
Horses are obsolete, outside of unique circumstances, for transportation purposes. Agree or disagree?
How many horses equal a car? It's not an equation anyone performs.
Is the horse market larger or smaller and far more niched since the locomotive engine was created?
Horses are obsolete, outside of unique circumstances, for transportation purposes. Agree or disagree?
How many horses equal a car? It's not an equation anyone performs.
***
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Step 6: long-term planning
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Coming soon:
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Step 6: long-term planning
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I can absolutely envision it and think it's inevitable as technology keeps improving. I just think 10 years is extremely aggressive considering current state capabilities, politics, and priorities.
There's a lot of countries with rockets out there. The US likely won't be first, unless we get the societal rot removed....which I think bitcoin addresses wholeheartedly and a society based around a bitcoin standard are far more incentivized for low time preference activities like space travel.
***
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I am amped.
Coming soon:
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et98 said:
I'm really curious to see how this exchange from a few pages back shakes out. It's aged pretty darn well so far. And just out of curiosity, does a poop slap comment imply that the person suggesting the poop slap must poop slap if the other party involved is proven right?
For context, BTC was in the high $47's at the first post of this exchange.
And if we hit the $30s within the next 2 or 3 weeks, I would like to officially subscribe to BoDog's newsletter!Quote:
By mid January BTC will be in the mid/high 30s. Wait and buy at that time.
- BoDog 9:47a 12/29/21 (0 stars as of 8:40pm on 1/5/22)Quote:
You really think it will fall to the 30s?
- agsalaska 11:13a 12/29/21 (0 stars as of 8:40pm on 1/5/22)Quote:
How can anybody know what it's going to do?!
- mrmill3218 11:23a 12/29/21 (2 stars as of 8:40pm on 1/5/22)Quote:
They can't, he's talking out of his ass. It might go to 30s or it might hit a new ATH.
- NTXAg10 11:25a 12/29/21 (7 stars as of 8:40pm on 1/5/22)Quote:
Ok, mark this thread. If it is not in the 30s on or before Jan 20th Ill gladly eat crow.
- BoDog 10:10p 12/29/21 (0 stars as of 8:40pm on 1/5/22)Quote:
Poop slap it is
- NTXAg10 10:32p 12/29/21 (11 stars as of 8:40pm on 1/5/22)
A moment of appreciation for Bodog.
Came here to post this link. Bitcoin will ultimately settle down (at higher prices) as situations like above continue to occur. Mainstream people exchanging their mercilessly devalued fiat for bitcoin will be the source of liquidity needed to stabilize this thing. It will go higher as it gains acceptance. It will go even higher when vendors truly embrace it as currency.YouBet said:
Turks looking to crypto now as lira continues its collapse.
https://www.wsj.com/articles/turks-pile-into-bitcoin-and-tether-to-escape-plunging-lira-11641982077?st=sybwb9p4c20sniv&reflink=desktopwebshare_permalinkQuote:
Turks are particularly enamored of the stablecoin tether, whose value is pegged to the dollar. The lira this fall became the most traded government-issued currency against tether, outpacing the dollar and the euro, according to data provider CryptoCompare.Quote:
Stablecoins such as tether are also used as a gateway to trade in and out of positions in more volatile coins such as bitcoin and ether. Turkish crypto exchange Bitlo experienced a pickup in the number of new traders last quarter as the lira's value cratered, said Esra Alpay, the firm's chief marketing officer.
Wanna make a billion dollars? Invent & market a slick point of sale terminal for crypto (if someone hasn't already...)
Replace horses with bicycles and your argument evaporates. Bikes are anything but obsolete.administrative errors said:
Right. We keep horses around in case the cars don't work or for unique transportation needs or for enjoyment/entertainment.
Is the horse market larger or smaller and far more niched since the locomotive engine was created?
Horses are obsolete, outside of unique circumstances, for transportation purposes. Agree or disagree?
How many horses equal a car? It's not an equation anyone performs.
re: a previous response... Sure, in a post-apocalyptic scenario, guns&ammo and food might be more useful than gold in some cases - with a gun and ammo, you can steal a lot of gold. It's a lot harder to carry, store, and protect $50k worth of ammo or food than $50k in gold. Was the wild west all that different than a post-apocalyptic scenario? Martial law, lots of bandits and gangs. Gold was plenty valuable then.
edited to add: it doesn't even have to be apocalyptic - maybe the government outlaws crypto and clamps down on internet traffic to only let you hit gov't approved sites. Though not impossible, it'd be a lot harder to exchange BTC in that environment.
BTC is a great new store of value (I invest in it), but it's not the only one and gold isn't obsolete - that's all I'm saying.
Anyone using TCAP as a pseudo crypto index fund?
You're getting nitpick.
All of the transportation in the world is in a circle. What % of the circle is the bicycle and horse? % performed by combustion engine?
From this perspective its clear, the bike and horse are niche transportation products and not the predominant "bitcoin-standard*" of transportation. Or do you disagree?
*bitcoin standard, not Gold standard.
The bitcoin standard of transportation is hyperloop/et3, imo.
All of the transportation in the world is in a circle. What % of the circle is the bicycle and horse? % performed by combustion engine?
From this perspective its clear, the bike and horse are niche transportation products and not the predominant "bitcoin-standard*" of transportation. Or do you disagree?
*bitcoin standard, not Gold standard.
The bitcoin standard of transportation is hyperloop/et3, imo.
***
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I am amped.
Sorry, gotta disagree. Bicycles are not a niche/obsolete mode of transportation, and that's not even debatable. Over 17MM bikes were sold in the U.S alone in 2015. You brought horses in as a straw man.
Automobiles/ICUs didn't make bicycles obsolete, and BTC hasn't made (won't make) gold obsolete.
ETA: in 2015, a record-setting year for automobile sales, 17,402,486 autos were sold. ~17.4MM bikes were sold the same year. Let's call it even.
Automobiles/ICUs didn't make bicycles obsolete, and BTC hasn't made (won't make) gold obsolete.
ETA: in 2015, a record-setting year for automobile sales, 17,402,486 autos were sold. ~17.4MM bikes were sold the same year. Let's call it even.
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