OILERMAN Posted February 12, 2021 Report Share Posted February 12, 2021 2 hours ago, wiscotitansfan said: Exactly what I was getting at earlier. The more and more these huge companies make BTC truly stable, the more governments are gonna have to step in and keep an eye on everything Or create their own crypto Link to post Share on other sites More sharing options...
pat Posted February 12, 2021 Report Share Posted February 12, 2021 8 hours ago, abenjami said: How ironic will it be if most of the bitcoin ends up being owned by companies that are subject to government regulation? How ironic would it be if the people who held the total stock market ended up making out like bandits? OilerTitanHybrid, and titanruss 2 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted February 12, 2021 Report Share Posted February 12, 2021 1 hour ago, patsplat said: How ironic would it be if the people who held the total stock market ended up making out like bandits? You damn right pat bro! OILERMAN 1 Link to post Share on other sites More sharing options...
Titans_Win_Again Posted February 13, 2021 Report Share Posted February 13, 2021 20 hours ago, 9 Nines said: These people are similar to Trump supporters ignoring reality. First most of them spout off about inflation being rampant - it is usually one of the first things they recite when discussing bitcoin, when in fact inflation is non-existent and is averaging lower than an historic point continuing a decades long downward trend. Anyone who thinks inflation is anywhere near as low as what the government reports, is an absolute sucker. Certain consumer goods and commodities have been able to mask the inflation in fiat through increased efficiencies due to technology but inflation in equities and hard assets has been massive for over a decade. Supdawg, and pat 1 1 Link to post Share on other sites More sharing options...
9 Nines Posted February 13, 2021 Report Share Posted February 13, 2021 36 minutes ago, Titans_Win_Again said: Anyone who thinks inflation is anywhere near as low as what the government reports, is an absolute sucker. Certain consumer goods and commodities have been able to mask the inflation in fiat through increased efficiencies due to technology but inflation in equities and hard assets has been massive for over a decade. I agree. Just today at lunch when I was eating equities after tasting some gold as my hard asset appetizer, I realized how expensive they were compared to what I normally eat, food that is around the same price it was 10, 20, 30, 40 years ago. abenjami 1 Link to post Share on other sites More sharing options...
abenjami Posted February 13, 2021 Report Share Posted February 13, 2021 13 minutes ago, 9 Nines said: I agree. Just today at lunch when I was eating equities after tasting some gold as my hard asset appetizer, I realized how expensive they were compared to what I normally eat, food that is around the same price it was 10, 20, 30, 40 years ago. Isn't the price of Bitcoin inflating a lot faster than the crude oil you washed that lunch down with? Link to post Share on other sites More sharing options...
9 Nines Posted February 13, 2021 Report Share Posted February 13, 2021 6 minutes ago, abenjami said: Isn't the price of Bitcoin inflating a lot faster than the crude oil you washed that lunch down with? I knew inflation was low but after cleaning out an attic space and finding some various products that still had store price tags on them from ~20 or so years ago, I checked same, if still sold or comparable items on Amazon. All the currently sold items were less than the old price tags. Link to post Share on other sites More sharing options...
pat Posted February 13, 2021 Report Share Posted February 13, 2021 1 hour ago, Titans_Win_Again said: Anyone who thinks inflation is anywhere near as low as what the government reports, is an absolute sucker. Certain consumer goods and commodities have been able to mask the inflation in fiat through increased efficiencies due to technology but inflation in equities and hard assets has been massive for over a decade. I agree with this post. There's been massive inflation, but when it's at the top of the money supply it manifests as massive inequality. Link to post Share on other sites More sharing options...
Former_Fan Posted February 13, 2021 Report Share Posted February 13, 2021 Thinking about jumping on board. What digital wallet are you all using? Link to post Share on other sites More sharing options...
ManningEnvy Posted February 13, 2021 Report Share Posted February 13, 2021 The TDGN sausage wallet. Former_Fan, and OILERMAN 2 Link to post Share on other sites More sharing options...
pat Posted February 13, 2021 Report Share Posted February 13, 2021 21 minutes ago, Former_Fan said: Thinking about jumping on board. What digital wallet are you all using? The Trevor arrived today. I'm impressed. Supdawg, and Former_Fan 2 Link to post Share on other sites More sharing options...
abenjami Posted February 13, 2021 Report Share Posted February 13, 2021 16 minutes ago, patsplat said: The Trevor arrived today. I'm impressed. If he orders one tonight bitcoin might be at 80k before it arrives. pat 1 Link to post Share on other sites More sharing options...
Titans_Win_Again Posted February 13, 2021 Report Share Posted February 13, 2021 2 hours ago, Former_Fan said: Thinking about jumping on board. What digital wallet are you all using? If you're in the US and new to crypto I recommend using coinbase.com and just holding your crypto there initially. Former_Fan, and Supdawg 2 Link to post Share on other sites More sharing options...
Supdawg Posted February 13, 2021 Report Share Posted February 13, 2021 (edited) 15 hours ago, patsplat said: I agree with this post. There's been massive inflation, but when it's at the top of the money supply it manifests as massive inequality. Most of the inflation has been in terms of assets are being inflated. When you factor in education costs and healthcare real inflation is about 10% per year. CPI is manipulated to stay low so the government doesn't have to provide as much COLA raises per year. The only thing which has not inflated is oil prices because demand has began to permanently decay with a glut of supply. We are in near bubble status again in house prices. Lumber has gone up 3 x this year. Housing inventory across the country is at 5 year lows. Home prices will go up ~10% this year. The equities market is so far in a bubble. They will continue to go up as long as the money printer goes brrrr... Lumber chart.... (no inflation here sir...) Edited February 13, 2021 by Supdawg Link to post Share on other sites More sharing options...
pat Posted February 13, 2021 Report Share Posted February 13, 2021 13 hours ago, patsplat said: The Trevor arrived today. I'm impressed. @abenjami to provide more detail The packaging is designed to be tamper evident. In addition to a hologram, the lid of the box is also glued in such a way that you have to tear the box to get it open. To control the device, you install a device driver. Then you go to a website that leverages the WebUSB API. The connection between the ux and your hardware wallet is only made in particular chrome window that you connected to the USB device. You backup the wallet by writing down a long series of words. These words are only displayed by the hardware wallet. They never show up on the computer, and there are clear instructions to never ever put them on the computer. You configure a pin to protect interactions with the wallet. When entering the pin, the hardware displays a jumbled keypad layout that you enter via the web ux. Thus your computer never actually knows your PIN. It's pretty clear that a lot of work went into both the threat modeling, and the ux to successfully defeat those threats. abenjami, and Former_Fan 2 Link to post Share on other sites More sharing options...
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