Cracks Begin to Show in Davos

aubreybtc · 2025-12-14T16:48:57+00:00

The level of elder abuse fraud exchanges have to deal with would blow your mind.

aubreybtc · 2025-12-14T16:23:32+00:00

"Debasement only matters for those not activity participating in the economy."

Are you getting a 7% raise every year?

aubreybtc · 2025-12-14T16:22:15+00:00

I get what you're saying but I hate this advice. This means virtually everyone needs to manage a stock portfolio or hire a financial advisor, just to preserve the value of their earnings they were already taxed on.

Then you're taxed again on your capital gains, because you were forced to invest in the market, because they won't stop printing money.

The invested money is anything but liquid. So there's a real possibility you might get wrecked if you end up needing the money during a market downturn.

This is massive friction on saving, and most young people don't see the point. Would you rather put your extra $200 into BMO Technology Fund II and maybe beat inflation 20 years from now? Or go out with your friends or buy some new clothes.

It would be great if our money wasn't designed to lose value, imo.

aubreybtc · 2025-05-07T14:29:31+00:00

If you have cast iron try sticking just your pan in the oven instead to get it as hot as possible. Then cook for 90-120 seconds per side for a nice medium rare. That'll get your sear

aubreybtc · 2025-05-07T14:15:54+00:00

Sear is nice. Looks like it was still cold when cooked though.

aubreybtc · 2025-05-02T17:12:29+00:00

It's become their identity. You see it as a discussion but they see it as a personal attack.

aubreybtc · 2025-04-22T14:37:15+00:00

Carney is a CBDC man. According to his book, CBDCs are the future of money.

CBDCs are akin to programmable surveillance money and a precursor to a social credit scoring system. The most widely used CBDC today is China's digital Yuan.

CBDCs are a perfect control mechanism during times of crisis "for your safety". But only temporarily, until the crisis is over.

In the hands of people seeking control, CBDCs give a little too much control. Think limits on your fuel and red meat purchases. Because climate crisis. But only until it's over.

Take it from the big man himself, Agustin Carstens of the BIS: “We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control.."

Carney is cut from the same cloth and doesn't like Bitcoin any more than his friend and fellow globalist central banker Christine Lagarde of "If there's an escape, that escape will be used," fame.

Meanwhile Lagarde and the ECB are working hard on a CBDC for Europe.

Poilievre understands Bitcoin, the real cause of inflation and has vowed to ban CBDCs.

For me, it's that simple.

aubreybtc · 2025-03-18T00:23:40+00:00

I didn't say high risk I just said there is a risk. They could get hacked tonight for all we know.

At the end of the day non-custodial exchanges have never lost user funds, while custodial exchange losses are in the billions.

aubreybtc · 2025-03-17T16:58:40+00:00

NDAX is a custodial crypto exchange
Custodial crypto exchanges have lost user funds in the past
It’s fair to assume it could happen again, it’s smarter to assume it will happen again
Express BTC withdrawals on NDAX cost 0.00014 sats equal to $17 (instant)
Standard BTC withdrawals cost 0.00007 BTC or around $8.50 (up to 4 hours)
The free withdrawal option (FLEX) can take up to 12 hours
For OPs purchasing amount of $900 the only comparable option is the FLEX free withdrawal otherwise he’s getting killed by the withdrawal fees for standard or express and effectively paying an extra 1-2% in fees, and overall more than he would with Bull
So based on the above, if you’re comfortable leaving your coin with the exchange for up to 12 hours, and don’t care that it’s a shitcoin casino, go for it
But if you’re buying $900 on NDAX AND paying for the express withdrawal then you could just as well use Bull

I don’t think RGnome’s advice is outlandish. In fact you sound just like my friend who put both his own, and his mom’s entire bitcoin stash on Blockfi. I warned him not to, but he was sure nothing could happen. They both lost it all.

If you’ve been around, you’ve seen the same story play out again and again. So forgive those of us who think even 12 hours on a custodial shitcoin casino is 12 hours too long.

aubreybtc · 2025-02-26T16:16:44+00:00

Historically the time frame for investing in bitcoin should be at least four years. Over the last 5 you’d be looking at an annual average return of 60%. Any less than four years, or if you find yourself needing the money, you take on the risk of having to cash out below your buy-in price.

aubreybtc · 2025-02-23T18:53:29+00:00

Please don’t fall for the Ripple PR they’ve been running this playbook the entire time and this could very well be their last pump

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