A global government can do that. And more.A government would need to shut down the entirety of the internet
A global government can do that. And more.A government would need to shut down the entirety of the internet
Ah, purchase it. If it has real intrinsic value, embrace the price.If Bitcoin is so easy to obtain please make some and send it to all of us!
A global government can do that. And more.
Ah
Ah, purchase it. If it has real intrinsic value, embrace the price.
That's WHY the Internet is in the process of being taken over by governments. So-called anti-hate-speech protections, geographic-based-available-only content, government's police agencies opening a file on anyone downloading the Tor browser, the taxmen browsing these forums as lurkers trying to find out who's getting tobacco into a country without paying duties... the list goes on and on. It was only a matter of time before the whole Internet became regulated.And an asteroid can wipe out all of life on earth. These "what if" scenarios are incredibly silly. How would a global government function with the internet? You realize everything today requires the internet and it would be a zero sum game for anyone to shut it down.
There are KYC regulations to purchase Bitcoin on exchanges just as if you were to buy stock from a brokerage. Once the Bitcoin is moved off the exchange it is incredibly difficult to prove it is yours, particularly when using coin mixing services such as coin joins or whirlpool. However it is possible to buy Bitcoin P2P, bypassing KYC.That's WHY the Internet is in the process of being taken over by governments. So-called anti-hate-speech protections, geographic-based-available-only content, government's police agencies opening a file on anyone downloading the Tor browser, the taxmen browsing these forums as lurkers trying to find out who's getting tobacco into a country without paying duties... the list goes on and on. It was only a matter of time before the whole Internet became regulated.
And how the heck do I know that Bitcoin itself isn't a tool of the PTB? Aren't transactions tracked?
History. I guess only losers pay any attention to that subject. Hey, get with it people. What's real is now and relevance is what is happening now.
How much bitcoin do you need to fill up your gas tank in Florida?
The real rabbit hole in all of this is the blockchain...how it functions, and all of it's potential Orwellian applications.Aren't transactions tracked?
Real estate may be good for now but there will come the day when Bitcoin sucks the monetary premium out of it as well as all of these other false stores of value. A house didn't use to be thought of as a store of value, at least not how we think of in now. It was utilitarian. You lived in the house. It wasn't used to prevent your money from losing value. That is what a savings account was for. Now people lose money when they have a savings account so they buy real estate as well as stocks to hedge against inflation, adding monetary premiums to them respectively. Stocks used to be speculative, they certainly still are, but people now buy stocks as a form of savings account.Bitcoin is, of course, interesting, but I think it is dangerous to invest money there. I am choosing real estate. Recently I bought an apartment by the sea and now it can be rented out, making a profit, or you can have a rest yourself.
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People have purchased real estate for decades as investments, either to flip or to rent as passive income. That's an odd statement to say otherwise because it's not true. Flipping may be more of a recent trend over the past 20 years, but owning to rent has been around a long time. My parents did it 50 years ago and then sold the house at 100% profit like 40 years ago.
I'll never touch something like bitcoin, but I also live a simpler life with little care for such things.
lol @modsBitcoin is, of course, interesting, but I think it is dangerous to invest money there. I am choosing real estate. Recently I bought an apartment by the sea and now it can be rented out, making a profit, or you can have a rest yourself.
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Yup I just joined the game too! I like gambling, and I don't even have to leave the house! It's funI recently splurged a little on bitcoin, ethereum and cardano (thanks stimi), but with these new insane capital gains tax proposals Im a little hesitant.
On a side note I bought my first bitcoin back in 2013 for $27. Unfortunately I wasn't smart enough to hold it long enough to reap the rewards of the current $58,000 price...?
It's essentially an elaborate Pyramid scheme. It came from nothing. It's backed by nothing. It's not a currency in any legitimate sense, no matter how many hucksters promote it as one. It's nothing that can't be replicated a bunch of times, and there are new versions starting up with "investment advisors" touting the opportunity to get in early. Elon Musk is playing games with it, which shows just how weak it is when one person can drive a 30% drop. It can be stopped very easily by not being convertible back into "fiat" money. Bitcoin is essentially shitcoin, the 21st century tulip.I have been embracing the price buying at $7,000, $10,000, $15,000, $35,000, $50,000. You get the idea. I believe my highest price paid was around the $54,000 mark.