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My bitcoin has been going nutssssssss! Up 70% in the last month and almost 1000% this year! Gimme the loot baby!    Edit: when bitcoin was first developed I started mining it and had al

Meanwhile in NFT land...    

The first rule of crossfit/Crypto: always talk about crossfit/crypto

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Several more nfl players have announced they will have btc added in their contracts 

 

and JP Morgan has now began actively managing crypto accounts with "trained experts“just a week after trying to freak everyone out so they could buy in lower. 
 

 

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1 hour ago, titanruss said:

Several more nfl players have announced they will have btc added in their contracts 

 

and JP Morgan has now began actively managing crypto accounts with "trained experts“just a week after trying to freak everyone out so they could buy in lower. 
 

 

I mean, they have been saying "We are supportive of cryptocurrencies as long as they are properly controlled and regulated" since 2017 even during shitting on BTC. Knowing that governments have to and will step into crypto is inevitable for adoption.

 

Not saying this about you, but people would have to be pretty fucking stupid to confuse decentralized and unregulated.

 

 

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2 hours ago, wiscotitansfan said:

.. people would have to be pretty fucking stupid to confuse decentralized and unregulated.

 

 

The other issue is confusing decentralized with anonymous... the very nature of cryptography indicates a ledger and recorded history everyone shares. People can get anonymous crypto tokens but farrr too many people believe it's innately anonymous... when they are leaving a literal bread crumb trail to be followed. 

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2 minutes ago, NashvilleNinja said:

https://www.theblockcrypto.com/linked/103007/u-s-government-agency-sold-9-45-btc-for-a-total-of-487k-on-monday

 

Is the US gov obligated/required to sell its BTC? Just curious as to why they would sell.

I dont think they have an official policy on holding/ mining. Which will fuck us in the end or make us the enemy of every country that chooses to hold/mine. 

russia/India/China are all mining heavily. Australia on board too. Then you have the smaller countries in the Middle East, South America, and Africa hopping on board. 
 

Late stage capitalism is too slow and reactionary rather than proactive. 

 

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2 hours ago, wiscotitansfan said:

I mean, they have been saying "We are supportive of cryptocurrencies as long as they are properly controlled and regulated" since 2017 even during shitting on BTC. Knowing that governments have to and will step into crypto is inevitable for adoption.

 

Not saying this about you, but people would have to be pretty fucking stupid to confuse decentralized and unregulated.

 

Saylor was saying here that 99% of the money in the world probably wants to be in a regulated environment, which makes sense unless you're purely libertarian like he is saying here.

 

 

 

1 minute ago, titanruss said:

The other issue is confusing decentralized with anonymous... the very nature of cryptography indicates a ledger and recorded history everyone shares. People can get anonymous crypto tokens but farrr too many people believe it's innately anonymous... when they are leaving a literal bread crumb trail to be followed. 

 

Which is why the FUD over illicit activity is probably misplaced. Not that illicit activity can't and doesn't happen in crypto, but it should be easier to trace in crypto than it is with physical fiat.

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3 minutes ago, titanruss said:

I dont think they have an official policy on holding/ mining. Which will fuck us in the end or make us the enemy of every country that chooses to hold/mine. 

russia/India/China are all mining heavily. Australia on board too. Then you have the smaller countries in the Middle East, South America, and Africa hopping on board. 
 

Late stage capitalism is too slow and reactionary rather than proactive. 

 

 

Is it really capitalism or is it just political bureaucracy getting in the way? Seems to me if it really were capitalism we'd (governmentally speaking) have already been falling all over ourselves to get in on it.

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1 minute ago, NashvilleNinja said:

Which is why the FUD over illicit activity is probably misplaced. Not that illicit activity can't and doesn't happen in crypto, but it should be easier to trace in crypto than it is with physical fiat.

 

Back when Silk Road was a bigger thing and crypto was the easiest way to run transactions through it I could see that being a bigger issue for mass adoption. Since BTC is so institutionalized with government and corporate based entities investing in it who are too big to fail, that's such an afterthought these days (the biggest reason that there will be much more global regulations).

 

I'm sure there are still lots and lots of people citing dirty money as a reason to not keep your money in crypto, but those people have a laundry list of other reasons to stay out.

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2 hours ago, NashvilleNinja said:

 

Is it really capitalism or is it just political bureaucracy getting in the way? Seems to me if it really were capitalism we'd (governmentally speaking) have already been falling all over ourselves to get in on it.

Not just capitalism but late-stage capitalism .. where we become essentially an oligarchy of those leading our biggest companies and politicians.. and allowing the audacious bribing and jerk fest to create policy and deny change in order to maintain their power.  

They get a belief of invincibility and don't think long-term. Pride goes before the fall. Some are buying in now as it gets bigger but if it's purely a mining race- the USA already lost. 

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