ZH posted this earlier.
XRP is a scam.
Finance/Citizens' retirements is now a military theater for defense. The financial crisis, as other collapses before, are internal declarations of war against sovereignty. Some people finally get that. Unbridled capitalism without military awareness of financial and psychological weapons is a thing of the past. The public markets in which the great majority hold their wealth will go on. It's the private debt markets, essentially the modern day slave markets, that are being liquidated. They are far far greater in size with all the derivatives. That's where a lot of the big wealth is, not in the stock market. I'd load up on 20% gold and 80% total us market index and call it a day. Maybe buy a few BTC for shits and giggles.
Pay off your debt, get your house in order, and buy American-made cars and goods. End corruption in your life, encourage others to do the same, and don't tolerate BS from anyone. 'Merica!
>A scam that the largest banks in the world, corporations and governments including the United States is involved in
Central Banking…
Idiot.
>You want institutional money to flow into crypto yet you don't want to work with institutions.
Incorrect. XRP already is institutional money. There is nothing crypto about it.
>while institutional money flowing into crypto is nice for the price, i didn't buy crypto to have institutions controlling the actual crypto platform & entire strategic direction & operations of the coin (xrp)
Well said.
>nah man, thats a terrible plan.
What's your plan? While mine's a humble plan for the simple man, I've thought about these things for a long while under the guiding principals of simplicity and diversification…unless you know what the future holds, I wouldn't be 100% in crypto. maybe 5-10% AT MOST…and certainly not in XRP! But it's a game of risk management, minimizing losses, more than anything else. Crashing the dollar doesn't need to crash the stock market. If anything, I imagine that it's set to be a creative destruction, if anything. Nothing wrong with the dollar, it's the management!
>"STRUCTURE"
>You're out of touch with reality.
You must be new here. Anyone that starts off their rant with a strawman argument gets treated like a shill for good reason…
Please tell me how just blowing up the dollar in an uncoordinated fashion that doesn't protect other assets, the economy, and jobs is in any way helpful to the everyman? You don't save the world by blowing it up. Blowing it up serves the people with lots of cash: the wealthy. Blowing it up blows up pensions and retirements. It's insanity to think they're going to let that happen. Yes, the dollar is going away or going to be restructure, but not at the expense of the everyman. Rather, at the expense of the derivative debt market and the wealthy invested in it. Blowing up people's pensions and retirements will only exacerbate the social problems; one step forward, five steps back. Is that what you really think is the plan?
Interesting portfolio choices…all contingent on the singular "Collapse" scenario. Best of luck to you with that.
If it were me, I'd look to lower rates, accelerate the gerational handoff from boomers to millenials of trillions which is also a transition from bonds to stocks. gold then absorbs much of the collateral damage. mix on some inflation. housing doesnt blow up. it just doesnt grow as fast, which is the same as fell back. All the comments in here talk about a silver bullet. This is one of the most complex problems of humanity. There are going to be many levers and its going to be a long process. That there will be one momentous trigger for anything IS the disinfo in Q posts. IMHO, the whole thing is just an enormous interwoven process. In any case, I think the inflation of the precious metals prices can slurp up a lot of the slack the debt will cause. Also, we discount the impact of innovation. To me, the impact of crypto is about the decentralization of personal data monetization, no currency. The adage is that software is eating the world or that data is the new oil…well, we're undereatimating the wealth to be released there as well as with other technologies.
that doesn't sound like make america rich again…i think we need a bit more creativity. also, anyone have numbers on how much money was confiscated in the dec 2017 human trafficking executive order??? I bet its bigger that anyone can imagine…
you must write for ZH…
If you've been paying attention for 3 years, lots of big companies have been shotgunned with scandals while others have skyrocketed. Most have had leadership changeouts, and it's all very step-by-step.
BUMP
https://twitter.com/jack/status/1223841364711854080
Seems to really help if being able to track it is helping lead to all these arrests…
Keep trying, Craig.
smoke and mirrors. no one is using BSV, don't kid yourself. trading volumes don't equate to usage.
I lean powerfully toward Craig being full of shit until he offers some legit proof.
Best time for the crash would be sept/oct but their hand will likely get forced the deeper they get exposed. They won't be able to wait. We could get a dip and a recovery even before the election. gold backing, phase 2, england deal, etc. There's a long chain of ammo to counter attack any attack on the economy. These people are stupid. They have no ammo left, just one big gun, and the longer they wait, the more we have to counter. They're caught because they can't blow the load early or it's not effective. So dumb.
>>8063360 /lb
$1.8B
I wonder how many bitcoins in China are now lost forever…
https://bitcoinist.com/sec-to-decide-wilshire-phoenix-bitcoin-etf/
US SEC TO DECIDE ON LAST REMAINING BITCOIN ETF IN 1 WEEK
AvatarRICARDO MARTINEZ | FEB 19, 2020 | 15:00
Wilshire Phoenix BTC ETF
"I may start a war against Bitcoin." -Warren Buffet
"First they ignore you, then they laugh at you, then they fight you…" -Mahatma Gandhi
https://www.wilshirephoenix.com/united-states-gold-and-treasury-investment-trust-files-s-1-registration-statement-with-sec/
Jan 14, 2020
Essentially the same type of mixed etf of treasuries with BTC but with treasuries and gold.
https://finance.yahoo.com/news/sec-decide-fate-another-bitcoin-140000860.html
“We’re confident we will have the bitcoin ETF soon, and the gold ETF won’t be far behind. We are aiming to launch a lot more products as well,” Herrmann said.
Phoenix Rising
https://www.wilshirephoenix.com/who-we-are/our-leadership/
Cryptography is just a tool. Blockchain can be weaponized against them. Don't be narrow-minded.
https://www.crypto-news-flash.com/is-the-first-bitcoin-etf-in-history-coming-on-february-26/
Today…Ash Wednesday
The Phoenix has to die first before rising from the ashes, buddy.
I'm aware of this and agree, but I'm not a fatalist. Again, these are just tools, and tools can be used against those that invent them. Nuclear energy was used for nuclear bombs. Perhaps if decentralized consensus mechanisms, starting first with Bitcoin, were made with evil intent, then perhaps we can wield them, update them, or innovate on them for good. Is my position clearer?
I'm more pro-Bitcoin than against it…certainly a shit-coin minimalist, but that doesn't mean I don't see the danger and the correlations…nor does it mean that I don't trust in the fact of great human minds and good hearts to overcome challenges. If that means doing away with crypto, so be it. I doubt that is the case, particularly listening to the various voices, think FINRA, SEC, CME, etc., not least of which is POTUS' FED board recommendation, that have given testimony to the congress. I have and I've been following it for a long time very closely. I'm not naively throwing out an opinion. Sure, it's an opinion still, so take it or leave it.
It's going to be hard to recover much, but I have a short list of people that I think are worth going after. I'd start with Brock Pierce, but don't waste too much time on the underlings. The big money is up at the top. This shit goes straight to people like Soros and his counterparts in various countries also.
Keep an eye on SAFE and Solid development in addition to BTC. Don't invest. There will be time to do that and still make money, but it's just too speculative at the moment. That said. What Tim Berners-Lee, MIT media lab, and Maidsafe are working on is something for which I have very strong reason to believe will be in the 0.1% of projects to survive long-term if they can get off the ground. There's quite a bit of evidence also that it might be something more than just what meets the eyes.
>>8283812 off bread
BRIEF-Wilshire Phoenix Responds To SEC Order Issued In Connection With The United States Bitcoin And Treasury Investment Trust
1 MIN READ
Feb 28 (Reuters) - WILSHIRE PHOENIX :
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WILSHIRE PHOENIX RESPONDS TO SEC ORDER ISSUED IN CONNECTION WITH THE UNITED STATES BITCOIN AND TREASURY INVESTMENT TRUST
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WILSHIRE PHOENIX - DISAPPOINTED BY SEC’S DECISION
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WILSHIRE PHOENIX - REVIEWING SEC ORDER AND DETERMINING BEST NEXT STEPS Source text for Eikon:
With zero sauce, mind you. Pure speculation.
boom
I'd wager that those people in offshore havens are going to end up on the wrong side of the fiscal paradise unless they come clean and pony up.
https://www.coindesk.com/the-cryptocurrency-act-of-2020-is-dead-on-arrival-washington-dc-tells-sponsors
BUY VTSAX AND SHUT YOUR TRAP.
Just a counterpoint so people know who Calvin Ayre is and what BSV supports. Tip of the iceberg…
>Craig Wright hunted pedos for a living dipshit
sauceless…dipshit.
fucking soul patch is sleazy af
https://www.wsj.com/video/opinion-judy-shelton-is-not-trying-to-bring-back-the-gold-standard/28AF8446-89CF-4C4A-8215-33E39F7764E7.html
2/13/2020 7:21PM
Opinion: Judy Shelton Is Not Trying to Bring Back the Gold Standard
In short, she doesn't support going back to the gold standard…but if you watch the original hearing, she does support some kind of standard based in commodities or a basket and modernization, perhaps digitization or digital currencies.
>Also, have we ever tried a bimetal standard?…
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1.
https://seekingalpha.com/article/4205481-gold-to-silver-ratio-spikes-to-highest-level-in-27-years
>anon's virtual consensus
what consensus?
we're reverting, but reverting forward…not reverting back. I imagine that means a 100 technical upgrade to the "gold standard", whatever that might mean.
maybe I'm not understanding your question but it seems straight-forward.
If Craig isn't Satoshi, this only lends credence to how he steals other people's ideas.
If he is Satoshi, this doesn't mean that he supports BSV. BSV could just be a disruptor to BCH and to keep competition in against BTC until a more appropriate time.
BCH just halved, BTW…headed for the graveyard as miners will leave in droves.
There is so much smoke and so many mirrors. I wouldn't rely on Occam's Razor here…
https://cointelegraph.com/news/craig-wright-must-prove-access-to-11m-btc-fortune-by-april-17