Posted on 08/14/2021 4:16:37 PM PDT by DUMBGRUNT
In 2014, MIT computer science student Jeremy Rubin offered all undergraduate students on campus $100 worth of bitcoin. Seventy percent of the student body participated in the free bitcoin giveaway. Some ended up wasting their coin at a sushi restaurant that took bitcoin. Others launched side hustles helping classmates set up crypto wallets.
“One of the worst things and one of the best things at MIT is this restaurant called Thelonious Monkfish,” said Phu. “I spent a lot of my crypto buying sushi.” rabucco now runs Alameda Research, which manages over $1 billion in digital assets and trades up to $10 billion per day across thousands of products, including all major coins and altcoins, as well as their derivatives.
(Excerpt) Read more at cnbc.com ...
10,000 bitcoins for two pizzas.
A single Bitcoin sells for about $47k today.
That ship has sailed.
The tax revenue potential far outweighs the bad.
Less than 3/10’s of a percent of Bitcoin transactions are for illegal/ransom issues. If you want to screw up illicit activity, ban the $100 bill.
—a lot of men throughout history have spent money trying to acquire a certain something that smells like sushi...”
And you can buy candles that claim to be reminiscent of a famous actress.
Probably will come true. AS is, the wealthy use bitcoin to launder money, but the second it becomes a patriot tool it will be banned.
14k
i don’t believe the candles would pass the taste test...
My gut feeling is that we will see gold and silver sales tracked and taxed. The majority of physical gold and silver profits and transfers are not taxed or monitored and one can assume much of the gains goes untaxed.
Might pass the burning ring of fire test?
https://www.theguardian.com/film/2021/may/19/gwyneth-paltrows-goop-sued-vagina-scented-candle
“Currently out of stock, the candle is described on Goop’s site as having “a funny, gorgeous, sexy, and beautifully unexpected scent … to put us in mind of fantasy, seduction, and a sophisticated warmth”.”
wonder if she uses the remnants of her certain area waxing procedures to obtain the smell for the candles...
With BTC approaching a trillion dollar market cap, I guarantee "they" are already deeply concerned. But they need world totalitarian government before they could coordinate a ban that could possibly be effective. BTC will neutralize them before it can happen.
The ONLY thing BTC has to do to win it all, is to keep gaining value against the failing fiat currencies. The current financial syndicate has no defense to a $200K Bitcoin. If the syndicate can't kill a $50K BTC now, it for damn sure can't kill BTC at four times the price.
BTC is the gray goo of money. Some of you will get that.
—”wonder if she uses the remnants of her certain area waxing procedures”
As with all things Hollywood; FAKE.
No such thing as wasting money on sushi, unless you got it from Kroger.
$100. in BTC in 2014 (depends on what month they bought it...price varied from about $425-$600 per) would be worth about $9,100 today.
https://www.coingecko.com/en/coins/bitcoin
I guess the writer considers $9,100 dollars to be rich /s!!!!!!!
Maybe once ‘onboard” they bought more?!? Who knows...0.20 BTC is a good start, but not “rich” territory. ;-)
—”No such thing as wasting money on sushi, unless you got it from Kroger.”
I used to enjoy a bit of sushi and more so if others were paying.
Then some big news in the local papers about an emergency landing at O’Hare.
Many of the passengers had been suddenly stricken with PROJECTILE VOMITING!!!
Many on the plane had attended a sushi dinner ...
Not a great number of parasites are successful across host species, as from fish to humans.
But there is one that that can move from tuna to humans.
My intake is now very limited.
Bitcoin is a digital age tulip.
Governments hate competition- could outlaw Bitcoin. Also, if a company like Amazon offered a digital token, that was exchangeable into a commonly used service, like aws storage,
Bitcoin would go to zero.
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