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Peter Thiel says bitcoin at $60,000 is a sure sign the 'decrepit' political system is about to implode

Bucky

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Speaking at Monday's conference hosted by the Stanford Law School chapter of the Federalist Society, Thiel suggested eliminating environmental and immigration laws to balance the US government's budget, The Information said, adding that Thiel called President Joe Biden a "catastrophe."

He also spoke against "the Clinton-Obama retreads rearranging the deck chairs and mopping the floors" of the Titanic, and against the world's central banks, saying the US Federal Reserve is a "center-left institution that's the most overvalued in the entire Western world."

Now is the time where the "one-world state" stops, and with the help of crypto, "we're going to succeed," he said, according to The Information.


Hard to argue against anything that Peter Thiel said. People need to understand that the price of bitcoin does not simply imply speculation. Whereas the stock market is inflated by the U.S printing a bunch of money, the amount of bitcoin is fixed. Bitcoin isn't going anywhere.
 

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Sounds like tulips.
 

craig

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Ummm. Because it is....?
Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem is awarded the next block of bitcoins and the process begins again.
 

post

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Hard to argue against anything that Peter Thiel said. People need to understand that the price of bitcoin does not simply imply speculation. Whereas the stock market is inflated by the U.S printing a bunch of money, the amount of bitcoin is fixed. Bitcoin isn't going anywhere.

South African Peter Thiel seems a fascist sympathizer. He shilled for Trump in 2016

Someone took out the garbage...


COIN is down 16 pts
 

Bucky

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South African Peter Thiel seems a fascist sympathizer. He shilled for Trump in 2016


COIN is down 16 pts

He is one of the most brilliant minds we have. Co-founder of PayPal, first outside investor of Facebook. Chairman of Palantir Technologies.

He also predicted that Trump would be Hillary Clinton. The guy has been right more than he has been wrong.

Also, he successfully shut down the hell hole site gawker.
 

post

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He is one of the most brilliant minds we have. Co-founder of PayPal, first outside investor of Facebook. Chairman of Palantir Technologies.

He also predicted that Trump would be Hillary Clinton. The guy has been right more than he has been wrong.

Also, he successfully shut down the hell hole site gawker.
"we have"? Who, in God's name, do you expect, "we" are?

Thiel's politics are about using his money to influence minimizing his tax burden and maximizing your grandchildren's share
of our national debt. This is the core struggle in politics. If parasites can convince enough poorly informed by pressing their buttons with irrelevant wedge issues like CRT, they vote to protect the parasites from paying taxes to support the society ,and we end up with this...

In just 6 months, top one percent, 3,310,000 residents, enjoy a wealth increase nearly 1-1/2 times the entire wealth of the bottom
165,500,000, many among them infected with covid-19 in service to the parasitic class..

51570179862_059a7f1cd8.jpg


51112853673_aa636efa89_z.jpg
 
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Hypothetical

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"we have"? Who, in God's name, do you expect, "we" are?

Thiel's politics are about using his money to influence minimizing his tax burden and maximizing your grandchildren's share
of our national debt. This is the core struggle in politics. If parasites can convince enough poorly informed by pressing their buttons with irrelevant wedge issues like CRT, they vote to protect the parasites from paying taxes to support the society ,and we end up with this...


51112853673_aa636efa89_z.jpg


if you really think that, convince progressive idiots to lay off the wedge issues like CRT and illegal immigration as all important so you can get rid of the globalist/corporatist exploiters.
 

Bucky

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Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem is awarded the next block of bitcoins and the process begins again.

The max supply of bitcoin is 21 million, 18.83 is circulating.

satoshi nakamoto the founder of bitcoin may have hidden 1 million bitcoin before he disappeared so if the keys are ever discovered that would increase the amount of bitcoin in circulation.
 

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Hard to argue against anything that Peter Thiel said. People need to understand that the price of bitcoin does not simply imply speculation. Whereas the stock market is inflated by the U.S printing a bunch of money, the amount of bitcoin is fixed. Bitcoin isn't going anywhere.

But the supply of tether isn’t, and 70% of all bitcoin transactions are purchased using tether.

Tether is not backed up by usd or other stable financial instruments but is instead backed by crypto. And the vast majority of Tether was issued in the last year, predominately to two entities: Cumberland and Alemeda.

Obviously there was nothing like 80-90% of all investments in crypto with actual currency happening in the last year. Instead it’s tether being used to drive up Bitcoin, and bitcoin backed loans based on this additional valuation driving the issuing of more tether…. 75% of which was to two entities.

It’s like the bank sells Monopoly money with the promise that they’re equivalent to real dollars, because it’s easier to buy properties. Then the bank prints more money, and uses that money to drive up the prices, which they mortgage to print more money, etc. Maybe there’s a limited number of properties, but there’s no limit to the amount of “money” you can “make” playing monopoly.

And as long as you fool people into thinking that the tethered Monopoly money is the equivalent to real money you can keep people injecting real money into a system for increasingly smaller portions of monopoly properties. Sure their monopoly portfolio generates huge returns, but only as long as no one tries to cash out. It’s Bernie Madoff on steroids.

Hence the need for “hodl” and bitcoin evangelists.
 

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if you really think that, convince progressive idiots to lay off the wedge issues like CRT and illegal immigration as all important so you can get rid of the globalist/corporatist exploiters.

Bingo.
 

Schism

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I believe it's possible we could face a future crisis of limited electricity, lengthy blackouts, and extended social unrest; maybe even coupled with new virus strains. I don't know that bitcoin will help the average person on the ground under those circumstances. As it is now, it's certainly not very accessible to the poor and working class.
 

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He is one of the most brilliant minds we have. Co-founder of PayPal, first outside investor of Facebook. Chairman of Palantir Technologies.

He also predicted that Trump would be Hillary Clinton. The guy has been right more than he has been wrong.

Also, he successfully shut down the hell hole site gawker.
He has all of the credentials for a believer in Koch style fascism - one of the investors perhaps. Why else would the federalist society request his presence? These folkswill say and/or do anything for money. Not a reliable source except for misinformation.

Perhaps the Bitcoin is losing value and Thiel is losing money ....... = trying to shore up the value.
 
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Deuce

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Hard to argue against anything that Peter Thiel said. People need to understand that the price of bitcoin does not simply imply speculation. Whereas the stock market is inflated by the U.S printing a bunch of money, the amount of bitcoin is fixed. Bitcoin isn't going anywhere.

Bitcoin's price doesn't imply speculation! *gives exact reason it implies speculation*
 

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And for the 500th time for those unaware:

Bitcoin is, literally, incapable of functioning as a currency because it has an upper limit on transaction rates. The more popular it gets, the more non-functional it will become.

You'll never be able to buy groceries with bitcoin because you might have to stand at the checkout counter literally for hours waiting for transaction approval.
 

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I know a guy who post here who says the economy has already supposed to have crashed.
 

Roger Duke

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The economy has crashed and has yet to recover since 08
This is a true statement.
I just watched a PBS one hour documentary about the Federal Reseve. It was made 4 months ago. The Fed has used a lot of smoke and mirrors to make us think everything is fine but we are in deep trouble. The documentary was fair, blaming both political parties and 3 presidents. We truly are still feeling the effects of a Fed that has created a system of easy money addicts and we have no idea how to get out of the mess that is only getting worse.
 
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If individuals can create money out of nothing, why can't states and cities (or you and I) also make and issue currency too? Why can't California or Texas or New York have their own currency?

Bit coin produces nothing, only consumes. Entire banks of computers using as much electricity as a small city is how Bit coins are mined. Bit coin exists for criminals, for blackmail, money laundering, tax evasion and extortion - as well as otherwise illegal movement of unreported transactions. Crypto currencies should be outlawed.
 

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Peter Thiel making tons of money means he is good at making money, but that does not automatically translate into being a good judge of an overall economy.
Peter Thiel being heavily invested IN BitCoin means he would never DREAM of critiquing it honestly if something was wrong, he'd be a fool to do that.
So, what Peter Thiel says is meaningless to me, and he should probably duct tape his mouth shut because every time he yammers, it inspires me to try to figure
out if I am fully divested of anything that could make him wealthier.
If he's still making more and more money off his Facebook investments and still poisoning the world with his mouth it may be the final straw for my FB acct...
well, after next April anyway.
Unfortunately I still NEED FB to stay ahead of developments in the Leon Russell fan club events next spring.
After that, who knows...I can't think of enough reasons to stay on after that.
 

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But the supply of tether isn’t, and 70% of all bitcoin transactions are purchased using tether.

Tether is not backed up by usd or other stable financial instruments but is instead backed by crypto. And the vast majority of Tether was issued in the last year, predominately to two entities: Cumberland and Alemeda.

Obviously there was nothing like 80-90% of all investments in crypto with actual currency happening in the last year. Instead it’s tether being used to drive up Bitcoin, and bitcoin backed loans based on this additional valuation driving the issuing of more tether…. 75% of which was to two entities.

It’s like the bank sells Monopoly money with the promise that they’re equivalent to real dollars, because it’s easier to buy properties. Then the bank prints more money, and uses that money to drive up the prices, which they mortgage to print more money, etc. Maybe there’s a limited number of properties, but there’s no limit to the amount of “money” you can “make” playing monopoly.

And as long as you fool people into thinking that the tethered Monopoly money is the equivalent to real money you can keep people injecting real money into a system for increasingly smaller portions of monopoly properties. Sure their monopoly portfolio generates huge returns, but only as long as no one tries to cash out. It’s Bernie Madoff on steroids.

Hence the need for “hodl” and bitcoin evangelists.
In some ways I wish I understood a word of what you said there, but I think I understand the lesson well enough..... ✌️
 

Roger Duke

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If individuals can create money out of nothing, why can't states and cities (or you and I) also make and issue currency too? Why can't California or Texas or New York have their own currency?
. Crypto currencies should be outlawed.
I agree that they should be outlawed. The writing is on the wall. A massive war between cryptocurrency and central banks around the globe is coming. The bigger crypto is permitted to get, the more disruptive the war will be between the two opponents. There is no way these two superpowers can co- exist.
The problem is that, even though crypto is called "currency" it is not officially currency so governments haven't done much yet since no laws are being broken. But crypto is starting to step on toes and governments don't want to give up power. They are starting to understand the threat crypto is posing and I'm sure they are having high level talks about what steps to take next. Just because creating cryto"currencies" isn't an illegal act, doesn't mean action won't be taken.
 

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The economy has crashed and has yet to recover since 08
Bush/Cheney following orders....... it's part of the radical right wing platform since 1980 think Reagan/Bush home loan scam

Austerity = why it’s a problem


Why Do Republicans deliberately crash the US economy?
Be it ideology or stratagem, the GOP has blocked pro-growth policy and backed job-killing austerity

Fact check: Do Republican presidents oversee recessions
https://www.usatoday.com › factcheck › 2020/05/28 › f.
 
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