Posted on 07/27/2024 6:04:53 PM PDT by SeekAndFind
Might as well. The dollar is about to collapse and we’ll need a way to get stuff
Warren Bufffit and I think crypto is a scam.
No. We need gold and silver. And lots of it.
I think this is one of those times.
He should have stopped by saying the Government has no business interfering with or trying to regulate crypto in order to allow the US to become the world leader.
A strategic bitcoin reserve is a terrible idea.
But it’s one of the best ideas our government has had in decades, so I’m on board.
Really? Trump pushing crypto makes me uncomfortable....leading right into digital currency.
Sometime shows up on the Stupid side. Bit coin requires tons of computer resources. It requires and incredible amount of power. And if that system goes down then everyone is left with nothing at all. So in the event of a large war. Those people are screwed. Stupid Stupid Stupid. Meanwhile a traditional account is just a simple number stored either on paper or a set memory location. In the best of circumstances it would be backed up by Gold or Silver.
I don’t understand Bitcoin.
He specifically said “no cbdc’s”. He spoke positively about “stable coins” but rejected cbdc’s. So that was good.
IMHO - This is a needless distraction and a poorly thought out position.
Indeed. I’m with you.
Wish people would stop being so go smacked by this guy. He is not “all that.”
Maybe. Everything is digital, anyway. The internet, records, trading, accounts, GPS... I read somewhere where even simple things like processing a bank withdrawal requires a GPS time stamp.
We are one good well placed Carrington Event away from maximum disaster.
Somewhat off topic but we know dozens of other central banks are buying gold hand over fist and/or repatriated from the NY Fed or Bank of England. I don’t hear of any central bank stockpiling bitcoin.
Seems that we should be accumulating bullion as well, for a number of reasons, but I don’t see any indication that we are or plan to.
Does anyone know if we are and if not why not?
He clearly stated that he was against a national digital currency.
Piss off. Bitcoin is new and most here bitching about it have no idea what they are talking about.
if social credit scores meet digital currency
then
lights out, the party is over
I tend to think bankcards should have two numbers, a visible one for online purchases and an electronic/magnetic one for physical purchases.
Online purchases should have to be confirmed via cellphone unless other arrangements have been made with the bank.
Microsoft’s efforts to fight fraud have caused me great annoyance. I’ve wasted over 100 hours in some years.
“the party is over”
Samuel Adams, building restoration specialist
I fix buildings in exchange for room & board.
I believe that FDR spent about $14 billion in 1930s dollars buying gold.
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