Cryptocurrency

[Mercer]

The theory of lte as silver to BTC’s gold seems to be a solid ones for the it’s basically the same code with more coins and faster transaction. Are your resorvations mostly from Charlie Lee’s over all sketchy behavior?

 

 

On the wallet side do you transfer all your coin to exodus right away or do leave some In apps line Coinbase, Does exodus allow you to look at the value of your portfolio at a glance?

 

I use an iPhone app called crypto pro on my phone. I basically enter in my trades/buys/sells and it shows me what my portfolio looks like in real time without holding any keys/personal info on the phone. I use Exodus's "Eden" wallet, and whatever single use wallets are needed by other coins I hold like Monero, ect.

 

 

So with Litecoin:

 

When Litecoin first came out, it kind of made sense. BTC blocks took 10 minutes, Litecoins took 2.5 minutes. Charlie Lee also multiplied the supply by 4 times, and switched the hashing algorithm so the ASIC's used to mine bitcoin wouldn't work for Litecoin, all good. Cheap Chiness knockoff at best, back then fees were almost non-existant. No red flags, like a pre mine or unfair distribution, the coins were fairly distributed and no one held a superwhale majority, or enough coins to singlehandedly crash the market.

 

Strike 1

 

Flash forward to when Charlie Lee is working for coinbase as an engineer. He somehow got Coinbase to list LTC, keep in mind there was almost zero demand for it, while other more useful/reputable coins weren't listed. Charlie Lee tweeted something like "Hey Brian, why don't we add Litecoin to coinbase?", and Brian Armstrong (CEO of Coinbase) tweeted back something like "Sure @charlielee, why not". Pretending to make this decision on twitter was cute. There were credible rumors of insider trading (scooping up as much LTC as possible just before announcing LTC would be listed on Coinbase) then once the data was analysed, it pretty much proved there was, in fact, insider trading. Not a big deal, niggas gotta eat, but insider trading is a shady move when a cryptocurrency's point man is tainted by it.

 

Strike 2

 

That brings me to the "Litecoin is the Silver to Bitcoin's Gold" mantra. Sure, transactions are cheaper now, and take 25% less time to confirm, but there are other coins out there like Ethereum (15 second blocks) and Dash that make Litecoin look like a joke. So how much merchant adoption do you think Litecoin has achieved? Obviously they're not attempting alchemy here to be a "digital gold" store of value like Bitcoin right? Zero adoption, or efforts made to do so, not a single merchant was partnered with to create a use for Litecoin. Charlie Lee never intended to make good on the promises of digital silver. As it stands right now, the only use for Litecoin is moving crypto out of Coinbase, and onto Binance so you can trade for altcoins with an actual future (BTC fee's are to high). I personally prefer ETH for that.

 

Strike 3

 

Charle Lee is an outspoken Crypto Superstar, I follow his twitter and it's quite entertaining. He's positioned himself as a "Bitcoin Maximalist" Meaning he trash talks other coins by saying Bitcoin is king, blah blah, blah. Dude made a fucking altcoin himself though. Half the shade he's tried to throw at other coins is unsubstantiated bullshit he parrots from Bitcoin Maximalists. When the scaling debate heated up he positioned himself on the side of bitcoin core, offering to use Litecoin as a live testnet for Segregated Witness, and Lightning. If Segwit x Lightning lives up to the lofty claims by it's supporters, it would basically make Litecoin obsolete. Bitcoin transactions would be instant, fees would be almost non existent.

 

So on the other side of the scaling debate are people who support the BCH hardfork (whom Charlie likes to mock). In my opinion they've solved the scaling debate, and have been catching up to BTC's market cap since forking. "Coincidentally", right before they're listed on Coinbase Dec. 20th, there are signs of insider trading again, someone is scooping up massive amounts of BCH. Also, at the EXACT same time, this motherfucker announces he's cashed out of all his Litecoin holdings. While it's at an all time high. Brazen as fuck. His excuse "I wanted to be able to argue on the internet without people thinking I'm shilling for Litecoin" Yea right.

 

For me, a coin needs more than a catchphrase, it needs at least the potential for a use case.

[misteraven]

The theory of lte as silver to BTC’s gold seems to be a solid ones for the it’s basically the same code with more coins and faster transaction. Are your resorvations mostly from Charlie Lee’s over all sketchy behavior?

 

 

On the wallet side do you transfer all your coin to exodus right away or do leave some In apps line Coinbase, Does exodus allow you to look at the value of your portfolio at a glance?

 

I think its probably preference based upon how often you're trading. I think reputable exchanges are safe enough when you're literally trading / watching / trading. Likewise, if you're using them effectively you have stop / buy orders setup. I'd definitely be holding any long term positions in a wallet, but if you're trying to ride the pump on shit coins to make that over night money, no way to do that without putting the crypto in play.

[misteraven]

I use an iPhone app called crypto pro on my phone. I basically enter in my trades/buys/sells and it shows me what my portfolio looks like in real time without holding any keys/personal info on the phone. I use Exodus's "Eden" wallet, and whatever single use wallets are needed by other coins I hold like Monero, ect.

 

 

So with Litecoin:

 

When Litecoin first came out, it kind of made sense. BTC blocks took 10 minutes, Litecoins took 2.5 minutes. Charlie Lee also multiplied the supply by 4 times, and switched the hashing algorithm so the ASIC's used to mine bitcoin wouldn't work for Litecoin, all good. Cheap Chiness knockoff at best, back then fees were almost non-existant. No red flags, like a pre mine or unfair distribution, the coins were fairly distributed and no one held a superwhale majority, or enough coins to singlehandedly crash the market.

 

Strike 1

 

Flash forward to when Charlie Lee is working for coinbase as an engineer. He somehow got Coinbase to list LTC, keep in mind there was almost zero demand for it, while other more useful/reputable coins weren't listed. Charlie Lee tweeted something like "Hey Brian, why don't we add Litecoin to coinbase?", and Brian Armstrong (CEO of Coinbase) tweeted back something like "Sure @charlielee, why not". Pretending to make this decision on twitter was cute. There were credible rumors of insider trading (scooping up as much LTC as possible just before announcing LTC would be listed on Coinbase) then once the data was analysed, it pretty much proved there was, in fact, insider trading. Not a big deal, niggas gotta eat, but insider trading is a shady move when a cryptocurrency's point man is tainted by it.

 

Strike 2

 

That brings me to the "Litecoin is the Silver to Bitcoin's Gold" mantra. Sure, transactions are cheaper now, and take 25% less time to confirm, but there are other coins out there like Ethereum (15 second blocks) and Dash that make Litecoin look like a joke. So how much merchant adoption do you think Litecoin has achieved? Obviously they're not attempting alchemy here to be a "digital gold" store of value like Bitcoin right? Zero adoption, or efforts made to do so, not a single merchant was partnered with to create a use for Litecoin. Charlie Lee never intended to make good on the promises of digital silver. As it stands right now, the only use for Litecoin is moving crypto out of Coinbase, and onto Binance so you can trade for altcoins with an actual future (BTC fee's are to high). I personally prefer ETH for that.

 

Strike 3

 

Charle Lee is an outspoken Crypto Superstar, I follow his twitter and it's quite entertaining. He's positioned himself as a "Bitcoin Maximalist" Meaning he trash talks other coins by saying Bitcoin is king, blah blah, blah. Dude made a fucking altcoin himself though. Half the shade he's tried to throw at other coins is unsubstantiated bullshit he parrots from Bitcoin Maximalists. When the scaling debate heated up he positioned himself on the side of bitcoin core, offering to use Litecoin as a live testnet for Segregated Witness, and Lightning. If Segwit x Lightning lives up to the lofty claims by it's supporters, it would basically make Litecoin obsolete. Bitcoin transactions would be instant, fees would be almost non existent.

 

So on the other side of the scaling debate are people who support the BCH hardfork (whom Charlie likes to mock). In my opinion they've solved the scaling debate, and have been catching up to BTC's market cap since forking. "Coincidentally", right before they're listed on Coinbase Dec. 20th, there are signs of insider trading again, someone is scooping up massive amounts of BCH. Also, at the EXACT same time, this motherfucker announces he's cashed out of all his Litecoin holdings. While it's at an all time high. Brazen as fuck. His excuse "I wanted to be able to argue on the internet without people thinking I'm shilling for Litecoin" Yea right.

 

For me, a coin needs more than a catchphrase, it needs at least the potential for a use case.

 

Fuck bro, selling off all my LTC now... LOL!

 

Seriously, great post.

 

Not sure you got specific in a previous comment, but when did you start and how did you best gain your experience and knowledge? How closely do you follow news and if you do, how do you filter the real info from the noise?

[Mercer]

I don't really day trade, or invest in coins I don't believe in for the long term. While it's fun to do, and exciting, it's not as profitable in my experiences. Causes me to miss out on massive pumps. I really do believe in this shit as one of many answers needed to move our planet forward.

 

That said I do have significant Shitcoin holdings, ADA/IOTA/EOS only because I'm hoping one of them moons this year. I don't think they're scams but I'm getting more skeptical of IOTA. IOTA actually made me the most profits last year, got in cheap, rode a 1000% pump in a month or two and traded the majority in at an all time high for Monero right before it pumped.

[Mercer]

Fuck bro, selling off all my LTC now... LOL!

 

Seriously, great post.

 

Not sure you got specific in a previous comment, but when did you start and how did you best gain your experience and knowledge? How closely do you follow news and if you do, how do you filter the real info from the noise?

 

Convo moving too fast, 12oz on fire lol.

 

To be honest, I just got obsessed, started in 2016 right before the election. I just follow people on Twitter etc. and actually read white papers. Cryptography is a bit too advanced for me so I have to research that aspect, but like you, I've got a pretty good grasp of programming languages. I might sound knowledgeable in here, but to be honest, It's easy sounding like an expert to people that are somewhat new to a subject. If we could get LordCasek back in here he'd probably drop some serious gems. I swear dude was mining Bitcoin back in 2011. Symbols kinda chased him off from here and his famous last words were something like "fuck this place, I'm over here mining bitcoin, you'll see..." Honestly thought it was laughable back then, now, not so much. lol

[Dirty_habiT]

There is no debate. During WWII Bretton Woods started the move away from the gold standard and in 1971 the USD became a fiat currency, as Misteraven as detailed with clarity and accuracy. there is no debate so please, less talk, more read - https://en.wikipedia.org/wiki/Bretton_Woods_system

 

And it totally WAS The root of what you were saying - The value of gold or any precious metal is determined by supply/demand. The same rules govern cryptocurrency and there's no way to "create gold" or "create bitcoins" without expending something that costs resources to do it. - You're saying that because the USD is linked to gold and gold is a finite resource just like BTC and both require expenditure to 'mine' then they are similar in nature.

 

The problem with that argument is, as Misteraven has demonstrated, the USD is not backed by gold and has not been since before you were born.

 

You admit that the USD has as much "worth" as a bitcoin does then? $1 worth of bitcoin can buy $1 worth of gold after some exchanges are made? If something has a value it can be used as a currency. I feel like I'm splitting hairs here.... the USD has a determined value that it's backed by correct? Regardless of if this is represented by a precious metal or by some other determining factor, it has a worth. If this is not something you can hold in your hand (gold) as you're suggesting it isn't (since it's not backed by the gold standard anymore)..... then the USD has the same "value" as a bitcoin. It's value is whatever value the currency you exchange it for happens to be.

 

The big difference is that the value of bitcoin is not determined by any centralized governing body. Nobody is in "control" of how much my bitcoin is worth like they are the dollars in my bank account. I don't claim to be a finance major so there are intricacies of this conversation I cannot add to but saying bitcoin is intangible because it's "not backed by anything" is a argument made by people that don't understand the concept of bitcoin very deeply. It's not, simply, money like people are used to talking about and not all the same economy principles are magically going to fit when it comes to cryptocurrency.

[Mercer]

Crypto News/Resource links in heavy rotation for me personally:

 

https://news.bitcoin.com

Bitcoin Cash leaning fairly informative site

 

https://www.youtube.com/channel/UCdUSSt-IEUg2eq46rD7lu_g

Bitcoin/Altcoin news (crypto minute is garbage, subscribe to get notifications when he goes live)

 

https://epicenter.tv/

Long standing podcast/youtube channel covering cryptocurrencies in depth

 

I also use an app called Crypto Pro, tracks my portfolio as mentioned, and has a news section for when I feel like staring at my phone.

 

Edit:

 

Reddit/Cryptocurrency/List of Scammer

Just came across this list of known scammers, I'd copy paste the entire list here, but it gets updated regularly. Also remember, just because it's not on this list, it doesn't mean it's Kosher. From what I understand you pretty much have to be proven to be a scamcoin/scammer to make this list.

[LastBoyScout]

I use an iPhone app called crypto pro on my phone. I basically enter in my trades/buys/sells and it shows me what my portfolio looks like in real time without holding any keys/personal info on the phone. I use Exodus's "Eden" wallet, and whatever single use wallets are needed by other coins I hold like Monero, ect.

 

 

So with Litecoin:

 

When Litecoin first came out, it kind of made sense. BTC blocks took 10 minutes, Litecoins took 2.5 minutes. Charlie Lee also multiplied the supply by 4 times, and switched the hashing algorithm so the ASIC's used to mine bitcoin wouldn't work for Litecoin, all good. Cheap Chiness knockoff at best, back then fees were almost non-existant. No red flags, like a pre mine or unfair distribution, the coins were fairly distributed and no one held a superwhale majority, or enough coins to singlehandedly crash the market.

 

Strike 1

 

Flash forward to when Charlie Lee is working for coinbase as an engineer. He somehow got Coinbase to list LTC, keep in mind there was almost zero demand for it, while other more useful/reputable coins weren't listed. Charlie Lee tweeted something like "Hey Brian, why don't we add Litecoin to coinbase?", and Brian Armstrong (CEO of Coinbase) tweeted back something like "Sure @charlielee, why not". Pretending to make this decision on twitter was cute. There were credible rumors of insider trading (scooping up as much LTC as possible just before announcing LTC would be listed on Coinbase) then once the data was analysed, it pretty much proved there was, in fact, insider trading. Not a big deal, niggas gotta eat, but insider trading is a shady move when a cryptocurrency's point man is tainted by it.

 

Strike 2

 

That brings me to the "Litecoin is the Silver to Bitcoin's Gold" mantra. Sure, transactions are cheaper now, and take 25% less time to confirm, but there are other coins out there like Ethereum (15 second blocks) and Dash that make Litecoin look like a joke. So how much merchant adoption do you think Litecoin has achieved? Obviously they're not attempting alchemy here to be a "digital gold" store of value like Bitcoin right? Zero adoption, or efforts made to do so, not a single merchant was partnered with to create a use for Litecoin. Charlie Lee never intended to make good on the promises of digital silver. As it stands right now, the only use for Litecoin is moving crypto out of Coinbase, and onto Binance so you can trade for altcoins with an actual future (BTC fee's are to high). I personally prefer ETH for that.

 

Strike 3

 

Charle Lee is an outspoken Crypto Superstar, I follow his twitter and it's quite entertaining. He's positioned himself as a "Bitcoin Maximalist" Meaning he trash talks other coins by saying Bitcoin is king, blah blah, blah. Dude made a fucking altcoin himself though. Half the shade he's tried to throw at other coins is unsubstantiated bullshit he parrots from Bitcoin Maximalists. When the scaling debate heated up he positioned himself on the side of bitcoin core, offering to use Litecoin as a live testnet for Segregated Witness, and Lightning. If Segwit x Lightning lives up to the lofty claims by it's supporters, it would basically make Litecoin obsolete. Bitcoin transactions would be instant, fees would be almost non existent.

 

So on the other side of the scaling debate are people who support the BCH hardfork (whom Charlie likes to mock). In my opinion they've solved the scaling debate, and have been catching up to BTC's market cap since forking. "Coincidentally", right before they're listed on Coinbase Dec. 20th, there are signs of insider trading again, someone is scooping up massive amounts of BCH. Also, at the EXACT same time, this motherfucker announces he's cashed out of all his Litecoin holdings. While it's at an all time high. Brazen as fuck. His excuse "I wanted to be able to argue on the internet without people thinking I'm shilling for Litecoin" Yea right.

 

For me, a coin needs more than a catchphrase, it needs at least the potential for a use case.

 

 

Really appreciate all detailed answers, just DL crypto pro and will set up exodus this weekend, I tried to get in a few times since 2012 but I would get overwhelmed in the process of trying to make it anonymous and just wouldn’t bother then Early fall saw someone with Coinbase and was oh that makes it easy, luckily I got in right before the big jumps. Who knew crypto would get me back on 12oz, good looks MisterR

[misteraven]

If we could get LordCasek back in here he'd probably drop some serious gems. I swear dude was mining Bitcoin back in 2011.

 

 

Anyone know how to reach dude? Pass along a message to get him back on?

 

The hunt for @lord_casek

[misteraven]

There is no debate. During WWII Bretton Woods started the move away from the gold standard and in 1971 the USD became a fiat currency, as Misteraven as detailed with clarity and accuracy. there is no debate so please, less talk, more read - https://en.wikipedia.org/wiki/Bretton_Woods_system

 

And it totally WAS The root of what you were saying - The value of gold or any precious metal is determined by supply/demand. The same rules govern cryptocurrency and there's no way to "create gold" or "create bitcoins" without expending something that costs resources to do it. - You're saying that because the USD is linked to gold and gold is a finite resource just like BTC and both require expenditure to 'mine' then they are similar in nature.

 

The problem with that argument is, as Misteraven has demonstrated, the USD is not backed by gold and has not been since before you were born.

 

I think what @Dirty_habiT is referring to is that though our currency is no longer on the gold standard, that at one time allowed a person to go to a bank and turn over his currency for a defined amount of gold, the US government (and many others) hold gold as a reserve. It gets way complicated as to how its leveraged, but often when governments lend each other money, they often have terms that require it be paid back in gold bars. The read on this is that they don't actually trust fiat since they can inflate and deflate at will, which in turn affects the purchasing power. As such you can essentially dissolve debt. Though that's the read and not the claim, the gold reserve lends confidence to the currency.

[LastBoyScout]

Check these scammers https://theoutline.com/post/2979/i-bought-a-cryptocurrency-mystery-box?utm_source=NL&zd=1

[Mercer]

I can't understand why anyone would order a $25 mystery box of Cryptocurrency myself, but if anyone here enjoys surprises that much, I can arrange delivery of one for $20.

[misteraven]

Ha!

 

Have you seen how many ads there are to by physical bitcoins? they're like crappy chucky cheese tokens with the bitcoin symbol on them and sell for like $20.

 

People are lost and they're scrambling to get down. Meanwhile some shady people out there looking to make some quick cash.

[misteraven]

@Mercer looks like exodus is strictly desktop and no mobile wallet?

[Mercer]

Ha!

 

Have you seen how many ads there are to by physical bitcoins? they're like crappy chucky cheese tokens with the bitcoin symbol on them and sell for like $20.

 

People are lost and they're scrambling to get down. Meanwhile some shady people out there looking to make some quick cash.

 

Before The Mt. Gox crash in 2013 there were these physical bitcoins that were minted, and contained a public/private key under a sticker that were sort of jokes to "elitist" bitcoin users back then.

People who wanted to own a real bitcoin, but didn't have technical skills would pay a bit of a premium for these physical bitcoin.

It had a wallet address and key for a wallet that contained 1 bitcoin in it that you could then redeem after pulling the sticker.

 

The original Casascius Coins (Casascius was the old school bitcoin enthusiast's online handle that sold them) are now a collectors item, and people are actually counterfeiting them.

Even one that's had the real digital bitcoin spent/removed, can go for well over $1000.00 if it's an original.

 

It's created a market for cheap knockoffs, fakes.

 

@Mercer looks like exodus is strictly desktop and no mobile wallet?

 

Yes, they have no plans on creating a mobile wallet any time soon either. Jaxx is probably the best mobile wallet.

 

On my phone I use another app that tracks my portfolio/prices, but doesn't have actual access to the funds or public/private keys. (security reasons)

[theprotester]

Casek logged in like two weeks ago

[NightmareOnElmStreet]

I am definitely trying to get down with some little side money. Is 300 a decent start to fuck around with???

Please halp!

Copied from the other thread I made, now closed...

 

If anyone wants to start up with crypto, feel free to jump into the conversation or DM me. If you dont have an account to buy yet, here's a referal code where you get a free $10 ass soon as you add $100 (I also get a free $10). https://www.coinbase.com/join/5a2fec64cd1ae9019f6e3b7

 

Coinbase is a great way to get started and an easy way to convert from dollar to crypto and back again, but its not really a trading platform. But you do have to start somewhere and Coinbase is great for that.

[misteraven]

Casek logged in like two weeks ago

 

I emailed him at the address on record. Let's see if he checks it and hops back on. If anyone knows him on social, ping him.

[misteraven]

I am definitely trying to get down with some little side money. Is 300 a decent start to fuck around with???

Please halp!

 

Probably more than you need, but your question is very subjective as I have no idea what your financial situation is. Unless you start dumping into shit coins, my opinion is that its very unlikely you'd lose it. But that my opinion and not fact. I'd probably suggest you start with $100. Buy in and then transfer a small amount to a private wallet, destroy and recover your wallet. Transfer some to a friend after they've spotted you for lunch or a beer. Transfer to an exchange or two and then start buying / selling some bitcoin and altcoin. Sounds like a pain in the ass and jumping through hoops, but you'll learn a ton if you take the time to actually use it in various ways. While you're doing that, come back here and ask questions, skim the news headlines and look at some of the links others have posted in here for recommended sources.

 

Add to the discussion, speculate and ask questions. You'll dial it in.

[LastBoyScout]

https://twitter.com/mattyglesias/status/954410040038973444

[misteraven]

Anyone know a solid WordPress / WooCommerce plugin for accepting crypto?

 

Preferably one that send to a private wallet and doesn't connect to a middle man service and charges an extra transaction fee?

[Hua Guofang]

I feel what you’re saying, I’m only saying that the text book classic definition of the value of fiat, it’s relationship to the economy and it’s purchasing power really don’t line up with real life considering the extent to which it’s all been manipulated.

 

Just going back to this point, I certainly agree that crypto has a great deal more potential for increasing the power of Mr and Ms E. Joe in terms of currency, trading and transactions. I very much like the idea of removing banks from as much of life as we can.

 

That said, I still believe you're offering text book explanations that are hardly representative of the way the world is actually working today. People trust the USA because they're forced to do so. First with with our involvement in WW2 and later with the petro dollar. The USA having the global reserve currency puts us at an unfair advantage in the global economy and absolutely shelters us from many of the negative effects of the games played with money and economics. I'd argue that transparency in the USA is just about as bad as China. The Federal Reserve, being a privately held corporation has not been audited in decades. Few people have any idea what they are truly up to and especially not the American taxpayer. Fact that they dumped over $1 trillion into the stock market after the crash of 2008 shows that they can make up the rules as they go along... Expanding and contracting the monetary supply at their discretion in order to prop up their own ideas for the growth of our debt based economy. Having the full faith of your government to back your currency / wealth is only good until it isn't and running the types of deficits we do, even mainstream economists say not if, but when the country becomes insolvent. Its common knowledge that the government used social security like a ponzi scheme and that it's close to bankrupt. The Obama administration got a standing ovation at his second state of the union address when he proposed making a 401k's government backed so they could unlock billions more money that doesn't belong to them.

 

No argument from me here. Again, I'm not supporting what the USD is backed by or saying it's a good idea, just that it's backed by something. And in saying that, whilst I agree that there are inherent problems..., big problems, with the ES economy it is not comparable to China in terms of confidence. The US economy has existed as it is since WWII and lots of people have been able to invest in it securely and make lots of money. Yes, the Fed is no transparent but it is largely predictable..., largely. And it's that stability and predictability that makes it viable. People don't necessarily care so much for ethics and values such as that they prefer predictability more than anything when it comes to economies and the US does have that enough to be a sound investment.

 

As for the the US being the global standard, that gives the US a great deal of power in the world. It can unilaterally level sanctions against any country or organisation in the world given that if you trade you have to touch the US system in some shape or form. China is doing it's best to raise the RMB to a global standard, which will take a very long time but they are doing it starting with currency swaps and the like, so they can firstly, insulate themselves a bit from US economic power and secondly, to have that power themselves.

 

Fact is pretty much everything we call out or try to police around the world, we've already been doing ourselves for longer. Calling out China for manipulating its currency to be more competitive on the global market... Shit, we invented that racket. Still stand behind my statement that the dollar isn't backed by anything much more significant than the trust of the people. Sure we can point to the gold holdings nobody has been allowed to see for decades, the GDP, the overall health or growth of the national economy, but considering they've been playing with those numbers for decades, fact is its all smoke and mirrors. So far every single administration has changed the rules for how unemployment is reported. After the ACA, they still sat there trying to say that unemployment was barely affected and hovered at something like 6%. Reminds me of when you get caught doing graffiti... They literally watched you catch a tag, see paint on your hands, see the can at your feet, yet you still look the cops in the eye and say it wasn't you.

 

Yeah, for sure. However, when it comes to power, which every state is based upon, you're mistaken to involve values in any kind of analysis. States very rarely do things because they should, the do them because they can and because it benefits their interests. A lot of the time what benefits the state aligns wit what benefits the nation (social contract, etc.) but a lot of the time it doesn't, of course. And in international relations, honesty is not the currency. Supporting the national interest is the only game in town there and you're only banging your head against the wall if you focus on things like hypocrisy, duplicity and deceit as unfortunately these are the standard and the tools of the trade.

 

You admit that the USD has as much "worth" as a bitcoin does then?

 

Nope, never said that and don't know why you're making out that I did. All I've said is that the USD is an IOU or a share in the US economy/national wealth and it's potential and thus the USD is backed by something. I'm not saying if that is a good or bad fact or if it should be that way or not. I'm just saying that is a fact, and it is.

[NightmareOnElmStreet]

Thanks dude. Can you post that link from the 12oz story line on the gram in here. I’m completely in the dark Man. I’m talkin like link for link steps . I can pm you if that could work also. Gladly trade off some stickers, art, or whatever in exchange for some extra assistance. I trust my 12oz peoples.. boats n hoes told me to holler on here.

Probably more than you need, but your question is very subjective as I have no idea what your financial situation is. Unless you start dumping into shit coins, my opinion is that its very unlikely you'd lose it. But that my opinion and not fact. I'd probably suggest you start with $100. Buy in and then transfer a small amount to a private wallet, destroy and recover your wallet. Transfer some to a friend after they've spotted you for lunch or a beer. Transfer to an exchange or two and then start buying / selling some bitcoin and altcoin. Sounds like a pain in the ass and jumping through hoops, but you'll learn a ton if you take the time to actually use it in various ways. While you're doing that, come back here and ask questions, skim the news headlines and look at some of the links others have posted in here for recommended sources.

 

Add to the discussion, speculate and ask questions. You'll dial it in.

[lord_casek]

Heard I was mentioned in this thread. I don't have much to say about crypto except these wise words "buy low, sell high" and "don't mortgage your house for crypto".

 

Also; no beef with any admin or mods.

[Mercer]

I assumed you'd start a "Post your lambo" thread since I remembered you talking about mining BTC way back when, I think pre MT Gox 2012ish.

 

Either way man good to se you post in here, been a long time.