Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)

[bernorange 8359]

1 hour ago, B00M said:

How has warrens war manifested itself?

https://www.pmbug.com/threads/americas-war-on-crypto.5711/

[Howlin wolf 133]

1 hour ago, B00M said:

How has warrens war manifested itself? The IRS was interested in crypto as early as 2014 but reporting requirements have seemingly increased every year. BTC ETFs are now well established and ETH ETFs are here now too. If Warren is waging a war, it seems she’s losing or has little influence. 

I see now that orange man has dabbled in ethereum (not sure how he acquired it, if he still hodls it, if he paid taxes on it, etc). The republicans seem to be embracing crypto but I struggle to trust they won’t fold like cheap suits as the dollar comes under more and more pressure in the coming years

She has used every seemingly every media or hearing opportunity to attack the industry. She's the cosponsor of the most aggressive anti crypto legislation out there and has been trying to whip support for it for a year or two. She famously put in a campaign fundraiser video that she's building an anti-crypto Army. 

The BTC etf was approved because all legal arguments against it had been beaten.

 

Will Republicans fold like cheap suits? Quite possibly. I don't count on any politicians, but they have signaled more than the other side that they're open to it. On the state level, some red states have aggressively embraced it. Texas, Florida, and Wyoming to name a few. 

Anything that moves the needle even temporarily is a positive. Then as NGU and more people adopt it, it becomes even harder to stop.

Edited May 28 by Howlin wolf

[Nice Guy Eddie 13507]

My only fear on crypto legislation is if we have a major terrorist attack, and it's found that it was funded with crypto. Meaning that the terrorists used crypto to get around normal banking/KYC rules.

And honesty if there is a terrorist attack, it would seem reasonable that crypto would be involved to some extent. I imagine that some of our govt agencies pay their shady, foreign contacts in crypto. It would have to work in the opposite direction as well.

Personally I don't care about crypto that required KYC. And I could see a new blockchain as a solution providing KYC.

[Captainant 27620]

3 hours ago, Nice Guy Eddie said:

My only fear on crypto legislation is if we have a major terrorist attack, and it's found that it was funded with crypto. Meaning that the terrorists used crypto to get around normal banking/KYC rules.

Like this BBC reporting? North Korea: Missile programme funded through stolen crypto, UN report says

 

[B00M 6413]

I guess my fundamental question is how you guys intend to actually use bitcoin, etc when it’s illegal in the US? I feel like it’s just a matter of ‘when’ given our irresponsible fiscal policy. Perhaps it’s paranoid ignorance but VPNs only do so much. At least if private gold ownership gets banned (again), you can trade it without leaving digital receipts. 

[Nice Guy Eddie 13507]

36 minutes ago, B00M said:

I guess my fundamental question is how you guys intend to actually use bitcoin, etc when it’s illegal in the US? I feel like it’s just a matter of ‘when’ given our irresponsible fiscal policy. Perhaps it’s paranoid ignorance but VPNs only do so much. At least if private gold ownership gets banned (again), you can trade it without leaving digital receipts. 

I would sell it off it was made illegal and that point it could be worth 10% of todays price. If not lower.

[Howlin wolf 133]

1 hour ago, B00M said:

I guess my fundamental question is how you guys intend to actually use bitcoin, etc when it’s illegal in the US? I feel like it’s just a matter of ‘when’ given our irresponsible fiscal policy. Perhaps it’s paranoid ignorance but VPNs only do so much. At least if private gold ownership gets banned (again), you can trade it without leaving digital receipts. 

I think the government will likely get tougher on Btc ownership, but political shifts like the current one make them less potentially onerous. 

There's also the question of how one makes Btc illegal? You can't hold private keys? How do you get someone to hand them over if they're keys for coins that haven't moved? There’s “boating accidents” etc.

It's very difficult to ban a peer 2 peer technology and transfers when it comes down to it. 

This also isn't 1933. People will be far less likely to comply with immoral orders like that. The population is not nearly as cohesive/gullible. We know why they would want to do something like that. To eliminate any lifeboats off a sinking fiat currency. Tyrannical behavior. 

Fun fact-the reason that it's 2016 blocks between difficulty adjustments is it’s the reverse of (Executive Order) 6102. 

 

58 minutes ago, Nice Guy Eddie said:

I would sell it off it was made illegal and that point it could be worth 10% of todays price. If not lower.

We are not the same. 

[Howlin wolf 133]

Also, something else new today. 

 

 

[bernorange 8359]

13 hours ago, B00M said:

I guess my fundamental question is how you guys intend to actually use bitcoin, etc when it’s illegal in the US?...

That ship sailed long ago IMO.  Pandora's box is wide open.

[B00M 6413]

9 hours ago, Howlin wolf said:

Also, something else new today. 

 

 

I mean, maybe?

[Howlin wolf 133]

1 hour ago, bernorange said:

That ship sailed long ago IMO.  Pandora's box is wide open.

That would appear to be unlikely. The most obvious way to impede Bitcoin usage would be to outlaw self custody. Somehow make owning “self hosted” wallets difficult or illegal. That’s certainly seemed to be what Warren was after. Just have it be through an etf held by large banks. That is why Trump’s explicit statements are important. 

 

57 minutes ago, B00M said:

I mean, maybe?

They're up another 10% on a down market day. 

 

I haven't dug any on them, but that chart combined with being small biotech has me thinking they failed on a product. Now they put some remaining cash in btc while they pivot. 

It does show that if you have excess cash and put it in btc, your company will be rewarded. This company can now hodl, they can issue more stock at a higher price for new product research or whatever. There's a lot of money sloshing around. 

[Howlin wolf 133]

 

[Howlin wolf 133]

 

[Howlin wolf 133]

So much for that Dem flip on crypto 

 

[Captainant 27620]

NoCR tho amirite? Ted Cruz gud Brandon bad

[Nice Guy Eddie 13507]

10 hours ago, Howlin wolf said:

So much for that Dem flip on crypto 

 

Is this bad for crypto? I’m unsure.

Edited June 1 by Nice Guy Eddie

[bernorange 8359]

15 minutes ago, Nice Guy Eddie said:

Is this bad for crypto? I’m unsure.

 

[bernorange 8359]

Quote

The bitcoin financial services firm Unchained recently announced a partnership with the University of Texas (UATX) to establish the first long-term endowment fund held in bitcoin (BTC). The goal of this collaboration is to raise $5 million, which will be invested in BTC for at least five years.

In a statement, Unchained characterized this initiative as an important step in the quest to integrate bitcoin into higher education. ...

https://news.bitcoin.com/bitcoin-firm-unchained-partners-with-university-of-texas-to-launch-5-million-bitcoin-endowment-fund/

[Nice Guy Eddie 13507]

On 6/1/2024 at 9:44 PM, bernorange said:

https://news.bitcoin.com/bitcoin-firm-unchained-partners-with-university-of-texas-to-launch-5-million-bitcoin-endowment-fund/

I could see UT more than happy to accept btc and perhaps willing to keep it as btc, but I would be surprised that they would be as progressive to buy btc from cash donations.

[Captainant 27620]

30 minutes ago, Nice Guy Eddie said:

I could see UT more than happy to accept btc and perhaps willing to keep it as btc, but I would be surprised that they would be as progressive to buy btc from cash donations.

It's just more spending of public money to prop up digital monopoly money

[Nice Guy Eddie 13507]

2 hours ago, Captainant said:

It's just more spending of public money to prop up digital monopoly money

Any org with an endowment should be willing to accept crypto donations unless it goes against their mission or it would piss off their regular donors. As to whether they hold the crypto donations as crypto should be up to their investment strategy and based on what the crypto donor has required.

[Z-Ro 20]

On 6/3/2024 at 7:53 AM, Captainant said:

It's just more spending of public money to prop up digital monopoly money

Hoo boy do I have bad news for you. It’s just the start. Incentives line up for more of this to happen. Good interview here. Get the vibes this professor is a hodler 

Wen UTIMCO

[Nice Guy Eddie 13507]

On 6/1/2024 at 9:44 PM, bernorange said:

https://news.bitcoin.com/bitcoin-firm-unchained-partners-with-university-of-texas-to-launch-5-million-bitcoin-endowment-fund/

 

On 6/3/2024 at 7:22 AM, Nice Guy Eddie said:

I could see UT more than happy to accept btc and perhaps willing to keep it as btc, but I would be surprised that they would be as progressive to buy btc from cash donations.

 

On 6/3/2024 at 7:53 AM, Captainant said:

It's just more spending of public money to prop up digital monopoly money

 

6 hours ago, Z-Ro said:

Hoo boy do I have bad news for you. It’s just the start. Incentives line up for more of this to happen. Good interview here. Get the vibes this professor is a hodler 

Wen UTIMCO

From further research that article is wrong. UT-Austin is not partnering with Unchained. It’s the University of Austin. 

[B00M 6413]

2 hours ago, Nice Guy Eddie said:

 

 

 

From further research that article is wrong. UT-Austin is not partnering with Unchained. It’s the University of Austin. 

Good lord

UATX

https://www.uaustin.org/

[bernorange 8359]

Quote

The charged political landscape around cryptocurrencies continues to get more electric as lawmakers in the House are looking to implement a House Appropriation budget that could prevent the U.S. Securities and Exchange Commission (SEC) from implementing its controversial Staff Accounting Bulletin 121 (SAB 121).
...
Crypto fans rejoiced at the rare bipartisan approval achieved in both chambers of Congress, but the celebration was short-lived as President Biden vetoed the legislation late on Friday.

Numerous lawmakers, including Senator Cynthia Lummis (R-WY), vowed to continue fighting against the measure, which many in the crypto industry say will only serve to stifle innovation and put the U.S. even further behind more welcoming jurisdictions.

And it didn’t take long for the next step in the battle to emerge as FOX Business reporter Eleanor Terrett reported on Tuesday of the appearance of a new item on the docket for the House Appropriation budget bill set to be debated on Wednesday.

“Look what has found its way into a @HouseAppropsGOP budget bill that is set to be marked up at a hearing tomorrow at 8:30AM EST,” Terrett tweeted. “One of the provisions, or ‘policy riders,’ of the bill prohibits the @SECGov from using appropriated funds to implement SAB 121, as well as its controversial climate disclosure rule.”

“It also provides the SEC with just $2B in overall funding in fiscal year 2025, compared to the $2.59B requested by @GaryGensler earlier this year,” she added. “It also cuts back funding of the SEC’s ‘aggressive’ Enforcement Division by $168M.”

“I’m told the bill will likely pass on party lines tomorrow and then will have to be negotiated with any appropriation bill the Senate passes,” Terrett said. “But positive news for the SAB 121 policy rider is that many Senate Dems also voted to overturn SAB 121, including @SenSchumer, so it’s likely that the provision will be kept in when the final bill ultimately finally gets voted on.”
...

https://www.kitco.com/news/article/2024-06-05/house-pushes-back-against-biden-veto-crypto-sees-rising-prominence

 

[Orange Coin 9]

The battle lines are clearly drawn. Will crypto holders sway the election, or are they an insignificant constituency?

 

[B00M 6413]

Nope. There are like 3 people that will be swayed by this liars ramblings about crypto 

[Orange Coin 9]

1 hour ago, B00M said:

Nope. There are like 3 people that will be swayed by this liars ramblings about crypto 

Ok, B00Mer. 
 

im going to venture to guess that you don’t traverse bitcoin/crypto twitter. 
 

Biden’s name is mud. Most crypto owners are young. This feeds into other issues that are there. Dismiss at your own peril. 

[Captainant 27620]

It's truly adorable that you keep coming back to surly to pump crypto, GRUhorn. I don't understand why imma and BL keep letting you run up a post count, you kremlin fluffing fuck

[blacklab 11926]

do you realize that I don't read every single thread on this board?

I ban him the second I see him, how about you report him instead of just complaining about the moderation of him?

[B00M 6413]

On 6/14/2024 at 8:36 PM, Orange Coin said:

Ok, B00Mer. 
 

im going to venture to guess that you don’t traverse bitcoin/crypto twitter. 
 

Biden’s name is mud. Most crypto owners are young. This feeds into other issues that are there. Dismiss at your own peril. 

I dabbled in crypto and concluded it had the same utility as precious metals with higher risk. I’m probably younger than you. No, I don’t waste time reading about fucking crypto on the xitter. EABOD and DIAF k thx byeee

[Fudge Nuggets 19184]

The latest from BTC utopia known as Ecuador:

https://apnews.com/article/ecuador-blackout-transmission-line-327e0637ef2c56f54181a5a920b166d9

I'm sure GRU will be here any minute to put this in a positive light.

[Hydrated and Moisturized 6]

13 hours ago, Fudge Nuggets said:

The latest from BTC utopia known as Ecuador:

https://apnews.com/article/ecuador-blackout-transmission-line-327e0637ef2c56f54181a5a920b166d9

I'm sure GRU will be here any minute to put this in a positive light.

I think you mean El Salvador?

Otherwise, strong take. Well done. 

[B00M 6413]

So a company that was about to go bankrupt (for whatever reason, despite apparently having a good software product) decided to start using its remaining cash to buy bitcoin and the price of bitcoin went up? Is that what he proved? And if the price of bitcoin had gone down? See? Market timing works and is totally sustainable and every company should just convert their dollars to bitcoins. Good for the Harvard students for seeing past the shiny object. 

Edited June 21 by B00M
Look at all those young people who aren’t crypto worshippers! Fuck that though, who cares what young intelligent people think — this desperate exec made a lucky bet, he knows best!

[Fudge Nuggets 19184]

He should demand a $56 billion bonus payment for being so savvy.

[TreatyOak 16311]

Hey, guys, I recently met a really beautiful single woman from Asia on Facebook and she has helped me invest my savings in a really safe cryptocurrency site. I'll keep you posted on how it's going! 

[RDCanecutter 26377]

10 hours ago, TreatyOak said:

Hey, guys, I recently met a really beautiful single woman from Asia on Facebook and she has helped me invest my savings in a really safe cryptocurrency site. I'll keep you posted on how it's going! 

No matter how hot she is, some other guy is already tired of her shit. Probably starting when she robbed him. Or when she turned out to be 3 doods one of whom's cousin is a wiz at co-ding.

[TreatyOak 16311]

14 hours ago, RDCanecutter said:

No matter how hot she is, some other guy is already tired of her shit. Probably starting when she robbed him. Or when she turned out to be 3 doods one of whom's cousin is a wiz at co-ding.

No! This is legit! Thanks to her, I turned my initial $7K investment into $23,700 in ONE WEEK. I just gave her another $13K and she has promised to fly toTaiwan to meet me, so I'm going to advance her the money for a flight from Beijing. ❤️ ❤️  ❤️

[RDCanecutter 26377]

4 minutes ago, TreatyOak said:

No! This is legit! Thanks to her, I turned my initial $7K investment into $23,700 in ONE WEEK. I just gave her another $13K and she has promised to fly toTaiwan to meet me, so I'm going to advance her the money for a flight from Beijing. ❤️ ❤️  ❤️

I don't blame you. Gotta move fast when you find a keeper.

[TreatyOak 16311]

All joking aside, here is the 'actual' photo of a woman who is trying to friend me on Facebook. I am guessing this is a cryptocurrency Pig Butchering scheme.

What is extra-sad about cryptocurrency scams these days is that many of the scammers are victims themselves, forced to live in prison-like compounds in Asia and beaten if they don't steal enough money for their criminal organizations.

The human race is truly vile. We are adept at turning anything as wonderful as the internet into a tool to ruin people's lives. 

 

[Captainant 27620]

1 hour ago, TreatyOak said:

The human race is truly vile. We are adept at turning anything as wonderful as the internet into a tool to ruin people's lives.

Enshittification thread is that way ╰⁠(⁠ ⁠･⁠ ⁠ᗜ⁠ ⁠･⁠ ⁠)⁠➝

 

 

[Nice Guy Eddie 13507]

 the surprisingly hot woman, who accidentally texted my phone, isn't real? 

[TreatyOak 16311]

44 minutes ago, Nice Guy Eddie said:

 the surprisingly hot woman, who accidentally texted my phone, isn't real? 

No, she's real, just like mine. And amazingly, the incredibly hot Asian woman is (inexplicably) highly attracted to me, a 64-year old man. 

[Nice Guy Eddie 13507]

7 minutes ago, TreatyOak said:

No, she's real, just like mine. And amazingly, the incredibly hot Asian woman is (inexplicably) highly attracted to me, a 64-year old man. 

don't sell yourself short. you still got it.

[B00M 6413]

6 hours ago, TreatyOak said:

 

 

[Fudge Nuggets 19184]

6 hours ago, TreatyOak said:

All joking aside, here is the 'actual' photo of a woman who is trying to friend me on Facebook. I am guessing this is a cryptocurrency Pig Butchering scheme.

What is extra-sad about cryptocurrency scams these days is that many of the scammers are victims themselves, forced to live in prison-like compounds in Asia and beaten if they don't steal enough money for their criminal organizations.

The human race is truly vile. We are adept at turning anything as wonderful as the internet into a tool to ruin people's lives. 

 

I’d give her a few bucks for the opportunity to motorboat them titties in real life. 

[Fudge Nuggets 19184]

ETTD, maybe this will finally end the nonsense.

[elguapo 4586]

[Shaggy3.0 1695]

14 hours ago, TreatyOak said:

All joking aside, here is the 'actual' photo of a woman who is trying to friend me on Facebook. I am guessing this is a cryptocurrency Pig Butchering scheme.

What is extra-sad about cryptocurrency scams these days is that many of the scammers are victims themselves, forced to live in prison-like compounds in Asia and beaten if they don't steal enough money for their criminal organizations.

The human race is truly vile. We are adept at turning anything as wonderful as the internet into a tool to ruin people's lives. 

 

i know her.  her name is "Shae" and does therapeutic message.  She's a senior at texas state, working on her biology degree.

found her on backpage back in the day.

 

[TreatyOak 16311]

Hot Crypto Friend Update: 

My hot Asian female friend is angry at me. She says I'm doing myself a disservice by not investing enough of my retirement into crypto through her friend's platform. I don't want to make her mad, so I am going to invest anther $150K. Unfortunately, our meeting-up in Taipei was delayed. She has gotten tied up in some sort of passport issue. I'll let you know when we set up the new meeting! ❤️