Cryptocurrencies

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  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    I just saw a robot making a pizza on tv....
  • tbergs
    tbergs Posts: 10,410
    buck502000 said:
    I just saw a robot making a pizza on tv....
    Comet Pizza sex robots?
    It's a hopeless situation...
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Can you all not ruin the thread and keep it on topic please?
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    Sure, Unsung how much money did you pull out Jan. 1?
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I didn't.  I am not quite ready to jump off.  Soon though as I want to buy a different house.
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    unsung said:
    I didn't.  I am not quite ready to jump off.  Soon though as I want to buy a different house.
    the floodgates have not opened yet.  A lot of the bigger exchanges have closed registrations or limited them because of high demand.  Can't wait for all the noobs show up and don't know where to put their money.  ;)
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I have done something that I have never done and that is to put money into shitcoins for when the newbs arrive.  It is paying off well and I welcome more.

    It is amazing that people don't reasearch these companies.  I figured I might as well jump on board with some play money.  
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    What do you do when the power goes out? Because like that never happens.

    https://www.washingtonpost.com/news/wonk/wp/2018/01/08/bitcoin-is-the-new-middle-ages/?utm_term=.971aedca4dd3&wpisrc=nl_most&wpmm=1
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  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    In the case of a worldwide blackout bitcoin is the least of my concerns.
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    edited January 2018
    unsung said:
    In the case of a worldwide blackout bitcoin is the least of my concerns.
    I seriously doubt that any of your money, whatever currency it may be in, will be the least of your concerns in such an event. It will, in fact, likely be one of your top concerns, just like it is for everyone else during a massive crisis that threatens your well-being and survival. But that is kind of sweet that you don't think your money will cross your mind in such an event.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Nonody will take dollars in a collapse, a real collapse, goods would be the exchange of value.  Things like brass, lead, beans, rice, toilet paper, food, etc.

    "Money" will revert to it has been for centuries, gold and silver.  
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    In a real collapse a hundred dollar bill is only good for starting fires, or wiping your...
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    True, if you talking a complete collapse of the world's economy. Is that what we're talking about?? A worldwide blackout and the complete collapse of all world economies are two different things. Okay, yeah, of course in that case we'll all wish it was gold and diamonds and shit like that we'd invested in, lol. And that we'd all been doomsday preppers I suppose, lol. Me, I'd rather be dead than live in such a world, so I really don't have to worry about it! 
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,663
    unsung said:
    Nonody will take dollars in a collapse, a real collapse, goods would be the exchange of value.  Things like brass, lead, beans, rice, toilet paper, food, etc.

    "Money" will revert to it has been for centuries, gold and silver.  
    True, goods, maybe gold and silver, definitely good basic skills like horseshoeing, mule training, anything using hand tools, farming, etc.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol:;)
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    Keep a balanced portfolio 
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    PJ_Soul said:
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol:;)
    Ok, so it is regional.  It would still exist.  The network is still too new that most people don't use it 100%.

    When the power comes back it will still be there.
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    unsung said:
    PJ_Soul said:
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol:;)
    Ok, so it is regional.  It would still exist.  The network is still too new that most people don't use it 100%.

    When the power comes back it will still be there.
    Speaking of which, most people now have all their money electronically, not just bitcoin. You can't use your debit or credit cards in a blackout either. It is the downside of a cash-free world.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    Interesting regarding filing taxes.

    https://www.washingtonpost.com/news/the-switch/wp/2018/01/11/its-going-to-be-a-nightmare-some-bitcoin-investors-are-in-for-a-rocky-tax-season/
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