Think perceived so. The thing I struggle with is the fact that each coin can be sub divided into many itty bitty bits.
The biggest threats I see are: Government regulation and control (you know they want a piece of the action), and a Wall Street takover, a la Jesse Livermore, a cornering of the market.
here is the way I see it. Babe Ruth's baseball bat fetched millions, even though it was an old piece of tarnished wood. Why? Percieved value and scarcity.
Many have said "buy and hold" is dead. Well, guess what -- it has been a greatly performing strategy ever since the Bernanke inspired helicopter money of 2010. Just pick the right stocks. Fucked up correlations, yet market continues to go up, until it doesnt. It is just not any fun anymore. #investing
National Public Data Breach exposed 3 billion personal data accounts. Read below. The damage one small hacker can do...
Zerohedge: "Owner Salvatore Verini, Jr. ran the business from his home office with two $200 HP desktops, a $100 ThinkPad, and five Dell servers worth about $2,000. The company has $33,105 in a New York account, despite generating $1.15M last year, with total assets estimated between $25,000 and $75,000"
#nostr
Noticing a lot of international accounts on #nostr. I think maybe because censorship on social media a greater issue in many countries. Lets hope it doesnt happen in USA, but not optimistic.
Totally disgusted with Paypal. They locked me out, for no apparent reason, then I had to wade through AI bot. Finally got a real person, and dropped me midway through the conversation.
It goes way back ......,
“And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? For the money faileth.”
Genesis 47:15, King James Version
#bitcoin
We all know how this works. As of May 2023, CPI was over 10% when using the 1990 formula, compared to 4% then currently reported CPI -- a 6 % spread. Source: shadowstats.com. (unfortunately, out of date)
Using that same spread, today, 2.4% plus 6 % equals 8.4% inflation. That is what your assets need to grow in order for you to just break even.
Government just announced 2.5 % increase in COL for Social Security. The fixed income for retirees is significantly eroding, given (hidden) inflation.
This goes a long way in explaining the growing wealth gap in USA. Doesnt really matter who is in charge, as long as the systemic government process is operative.
The Government has an incentive to inflate, that has always been the case with deficit financed fiat currencies.
#bitcoin #investing
yea, this is tragic. I have used them for years, primarily for history and genealogy research. now the books cant be downloaded for any length of time, and music comes in 30 second samples
Good repository, ease of use, reliable updates, large community of users. I tried manjaro 《arch) which rocked, but rolling updates caused a lot of application compatibility problems.
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Notes by Boris_Badenov | export