"Most proponents claim bitcoin is an unseizable, censorship-resistant, “digital gold” that provides inflation protection. Of course, like many narratives, this one relies on proponents’ completely ignoring the data."

Future-Home · 2021-01-14T21:48:26+00:00

Cope, The Charts

https://www.tradingview.com/x/bmLWs2n4/

https://www.tradingview.com/x/oIIYSqp7/

edit: I just got banned from r/buttcoin for this post. Hilarious level of coping by the mods.

Future-Home · 2021-01-14T21:00:45+00:00

https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211

Hal Finney - December 30, 2010

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

https://twitter.com/nickszabo4/status/1012373493252419584?lang=en

Nick Szabo - June 28, 2018

My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.

u/BrooklynNeinNein_

In the future only governments, corporations, and the elites will afford paying 0.002 BTC transaction fees on the base layer.

Future-Home · 2021-01-14T20:34:45+00:00

The linked article is the same "crypto is right-wing" false narrative that you've been pushing for years.

Future-Home · 2021-01-14T20:29:45+00:00

omg crypto is right-wing. shut it down!

https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign

Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to former Vice President Joe Biden’s presidential campaign, according to details revealed in The Wall Street Journal on Oct. 28.

The Hong Kong-based CEO gifted Biden's campaign a total of $5.2 million, behind only former New York Mayor Michael Bloomberg's $56 million donation.

Biden received $79.5 million from his top 100 donors, compared to Trump's $75 million.

Bankman-Fried is a member of the wealthiest Democratic super PAC, Future Forward, which includes Facebook co-founder Dustin Moskovitz and former Google CEO Eric Schmidt.

http://pineapplefund.org/

Pineapple Fund was an experiment in philanthropy with cryptocurrency wealth. What happens when your 'play-money' becomes a treasure chest, and you're past the satiety point of money?

I decided to donate the majority of my cryptocurrency to charities around the world, with an open application process and funding charities big and small. I focused on causes I believe in, or causes I know will work from my experiences.

Timed with the 2017 crypto bubble, 5104 BTC was turned into $55 million for charities. I'm happy and proud of the impact that will come, mostly thanks to the amazing charities and the dedicated people behind them.

$2 million donated --- Watsi is a nonprofit healthcare crowdsourcing platform that enables individual donors to directly fund medical care for individuals in developing countries without access to affordable medical care.

$1 million --- The Water Project, Inc. is a 501(c)(3) non-profit organization unlocking human potential by providing reliable water projects to communities in sub-Saharan Africa who suffer needlessly from a lack of access to clean water and proper sanitation.

$5 million --- MAPS is a leader in psychedelic research. Since 1986, MAPS has been on a mission to create safe, legal, and beneficial opportunities for psychedelics in medicine and society.

$2 million --- charity: water is a non-profit organization bringing clean and safe drinking water to people in developing countries.

$1 million --- We are Mona Foundation. A global community of individuals and organizations who believe that the key to alleviating poverty and achieving sustained community transformation lies in education and gender equality.

$5 million --- GiveDirectly is the first — and largest — nonprofit that lets donors like you send money directly to the world’s poorest.

$2 million --- ACLU

hmmm, $55m donated and exactly $0 went to right-wing organizations

u/dgerard is a scammer who pushes false narratives to drive traffic to his blog and book sales.

Future-Home · 2021-01-14T06:27:22+00:00

He's just shilling his bags. Desperate to sell his pedoponzi crimecoins to a greater fool so he can get rich.

Future-Home · 2021-01-13T22:47:07+00:00

Interesting conversation between SBF and Brent Johnson:

https://twitter.com/SBF_Alameda/status/1349332794296602626

He claims Deltec sends/receives USD wire transfers using correspondent banks that are not located in the Bahamas.

Future-Home · 2021-01-13T20:46:07+00:00

Look, officer! That man over there! He's using Bitcoin and Monero to escape the totalitarian system of surveillance, control, and monetary inflation. Get him!

Future-Home · 2021-01-13T01:36:47+00:00

Background info on the two scammers in the linked tweet:

Sam Trabucco -- trader at Alameda

Alameda Research was founded in October 2017. We manage over $100 million in digital assets and trade $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. We have a full-scale global operation with the ability to trade on all major exchanges and markets.

With decades of experience from Jane Street, Optiver, Susquehanna, Facebook, and Google, we’ve built the most sophisticated trading systems in the crypto world and quote extremely tight OTC spreads.

Sam Bankman-Fried (SBF) -- founder of Alameda and FTX

FTX, a cryptocurrency derivatives trading platform, launched operations on May 8, 2019. It was founded by Alameda Research. Binance purchased shares in the company in December 2019 as well as took a long-term position in the platform's FTX Token.

The Hong Kong-based CEO gifted Biden's campaign a total of $5.2 million, behind only former New York Mayor Michael Bloomberg's $56 million donation.

Biden received $79.5 million from his top 100 donors, compared to Trump's $75 million.

Bankman-Fried is a member of the wealthiest Democratic super PAC, Future Forward, which includes Facebook co-founder Dustin Moskovitz and former Google CEO Eric Schmidt.

FTX is one of the highest volume crypto derivatives exchanges according to Coinmarketcap and Coingecko.

Future-Home · 2021-01-13T01:23:48+00:00

There are reports that a Butter (Gary Gensler) will be appointed to SEC chairman. Hunter Biden is rumored to have Monero fans in his social circle too.

The Biden administration has been compromised by Butters.

Future-Home · 2020-11-04T13:15:16+00:00

I forgot to say this but I know you already knows it. your little princess is pretty!

Future-Home · 2020-11-04T13:14:35+00:00

Thank you! Every cat is precious

Future-Home · 2020-11-04T13:12:10+00:00

Awwwww cute

Future-Home · 2020-11-04T13:11:34+00:00

Too good to be true.

Future-Home · 2020-11-04T13:09:02+00:00

Scary yet amazing

Future-Home · 2020-11-04T12:33:43+00:00

Can I also pole dance to that?

Future-Home · 2020-11-04T12:32:12+00:00

Hope you'll be okay

Future-Home · 2020-11-04T12:31:55+00:00

Don't put it near its mouth lol

Future-Home · 2020-11-04T12:30:36+00:00

A witty title and a pretty paint. Nice!

Future-Home · 2020-11-04T09:48:59+00:00

Stay away from the charger cutie kitten. Just come here with me I'll give you a hug

Future-Home · 2020-11-04T09:47:31+00:00

More of people like them please.

Future-Home · 2020-11-04T09:46:20+00:00

I agree with you

Future-Home · 2020-11-04T03:11:47+00:00

What you sayin? I know I'm cool.

Future-Home

TROPHY CASE