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Author Topic:   Bit Coin: 2 bit bubble
AnswersInGenitals
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Posts: 628
Joined: 07-20-2006
Member Rating: 4.3


(1)
Message 9 of 178 (886567)
05-24-2021 3:22 PM
Reply to: Message 2 by nwr
05-21-2021 10:35 PM


Re: Asset Bubbles, Inflation, and Cryptic Cryptos
“Due to its use of blockchain technology, cryptocurrencies are unbreakable and unhackable.” That statement is not a fact, it is a challenge. As soon as someone figures out how to counterfeit cryptocurrencies, their value will tank and they will disappear. And counterfeiting cryptocurrencies won’t even be a crime since they are not supported by any pubic entity. It probably would not even fall under tort law, i. e., the counterfeiter probably could not be sued by anyone since no-one owns the technology.

N.B.: Any or all of the above might not be correct since I really don’t know what I’m talking (posting) about.


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AnswersInGenitals
Member
Posts: 628
Joined: 07-20-2006
Member Rating: 4.3


(2)
Message 99 of 178 (887314)
07-30-2021 5:46 PM
Reply to: Message 96 by Phat
07-30-2021 10:29 AM


Re: Shifty Schiff and the Financial Apologists
Phat, do you really want to show these smart-asses a thing or two? Take every cent you can lay your hands on - sell every thing you own and second mortgage your house - and invest every penny in Nikola Motor Company. In a few years you will be richer than all of them put together and they will finally realize who really understands markets and finances.

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AnswersInGenitals
Member
Posts: 628
Joined: 07-20-2006
Member Rating: 4.3


Message 153 of 178 (887595)
08-12-2021 4:58 PM
Reply to: Message 144 by Phat
08-12-2021 7:17 AM


Re: Can We Have A Fact Based Discussion?
All i'm defending is the right to get wealthy without having the crap taxed out of you.

In both 2016 (the year he won the presidency) and 2017 (his first yeat in office) Trump paid a total of $750.00 in federal income taxes. You say you earn about $27,000 a year. How much did you pay in federal taxes those two years? Your fantasy world is so multidimensional that you believe the super rich are having the crap taxed out of them. Have you heard about all the high tech billionaires who are paying zero taxes?


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AnswersInGenitals
Member
Posts: 628
Joined: 07-20-2006
Member Rating: 4.3


(1)
Message 169 of 178 (888106)
09-03-2021 2:51 PM
Reply to: Message 168 by Percy
09-03-2021 11:12 AM


Re: Todays Facts from Yahoo Finance
You should ask Phat why, according to his understanding, an once of gold is worth more than a ton of lead. Price of lead on 10/19/2020: $1,743 per ton. Price on 08/18/2021: $2,504. That's a 44% increase in less than a year. Phat should bye a ton of lead. He's going to need a bigger safe deposit box.

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