Sunday, 28 March 2021

All my money I use for retail therapy is in bitcoin. The Amazon buy now option was left in 2020.


Must stay strong. via /r/Bitcoin https://bit.ly/31qJNdj

Yall noobs think your gov can ban crypto. Think again.


This is a rant and I apologize beforehand for hurting feelings and not choosing the best words. I'm drunk and I need to have a word with you noobs. I've seen people discussing the possibility that governments could ban Bitcoin and omg how bad the big gov controls everything! What if they outlaw it? Or tax it? Or regulate it? Or kill the exchanges???Let me say it clear: most of you cyber noobs have no effing idea what cryptography, decentralized networks like the torrent network, and ultimately crypto currency are capable of.You're thinking in legacy system terms. You're thinking, "Oh no the economic value of my coins can go down because they control the exchanges". You don't get it. Maybe you don't even realize what your crypto actually is. For many of you, crypto is a vehicle to attain more power in legacy meat space. I get it, it's hard to think outside of the box and think beyond your own cognitive barriers. But it's way bigger thank what your frightened, conditioned, slave mentality brain can even start to grasp.What crypto doesn't do, among other things:it doesn't care what your exchange rate isit doesn't care how good your on and off ramps areit doesn't care about your local lawit doesn't care about censorshipit even doesn't care about any of your meat space physical boundary conditions, other than the hash rate, connectivity, and the network topology of the networkIt's a fucking cyber honey badger but most of you guys are stuck with their mind in the "but but but what if the big guys take it away from us" mindset. I'm so happy that the success of this project does not depend on whether people's feelings are aligned with the cryptographic reality of it.Let me add only this: if it were possible to turn this thing off, It would be turned off already. None of your govs would have let it become what it is now. If they could have. They have tried to kill the torrent network for ages. Guess what, I've just seeded another terabyte this month. And I'm going to keep doing it, even if it means that I need to get a freaking satellite internet connection for doing so.Vires in numeris. via /r/Bitcoin https://bit.ly/3ctXzSP

I never ever believe in my retirement fund

I have worked some 20 years as an engineer. Ever since I started working, I had this gut feeling that I would never get enough for retirement, that there would be depreciation, that the system might collapse.

I grew up in a third world country, and I remember my father being VERY upset because of an 80% devaluation -overnight. He had his debts in usd, so we were financially screw. I was very young, did not even knew math, but when he literally eli5 the situation for my, I had complete understanding of the situation.

He owe 10 american bananas and needed about 20 local bananas to pay. But now our bananas were cheaper and he needed 100 bananas to pay for the 10 american bananas. And we only had about 30, so we needed 70 extra bananas and that is how my sister, his wife and the girl she find in a forest ended up working in the streets at night, to get most needed bananas for us.

Joke aside, I never in my life see my family being so miserable overnight.

In 2014, there was "a voice" telling me to buy btc. I did not even understood what it was but I buy in and after the crash, I sold and lost (7 btc).

2015, when the price went up again, the voice kept telling me to buy and I did. I kept doing that and in 2018, after the crash, I did not sell. I understood it was a cycle.

And oh boy, are 3 years long? They are.

But I kept buying, every month a little bit.

If anything, I regret I did not put all my savings there. I kept accumulating satoshis.

During this bullrun, I got probably 3x what I have in my retirement fund already, and I am not planning to sell like I did in 2015.

Another thing I realize while growing up is that both my grandparents had big houses and a number of cars, and my father could only afford a tiny house and 1 car, and myself? I was never willing to get a credit to pay in 30 years for a house half the size of my parents and move on public transport. The system was obviously not working.

All the fears that I had when I was a kid came back to hunt me. Devaluation is not just a phenomenon of third world countries.

Today I do not give a fuck anymore about my retirement money. I am much more upset that the government takes taxes from the risk that I took since 2014. While they keep devaluating the money a little bit every year to a lot sometimes, they want us to pay for they stupid games. And all along, the people who make the rules, politicians backed by big money, keep doing more money.

Is this a rant?

TLDR, I never believe in my retirement fund.

Edit: for people sending me PMs/DMs, as always, you will get immediately blocked. If you have something to say, do it public, in the comments.



Submitted March 28, 2021 at 01:02PM by OutOfWine https://bit.ly/3w8JEJy

Whenever I feel restless, I just allow the soothing sound of Bitcoin transactions lull me to sleep. BitListen - Bitcoin Transaction Visualizer


https://bit.ly/3lYTRUh via /r/Bitcoin https://bit.ly/3rDlhk5

Fourth stimulus check: Over 60 lawmakers now support further direct payments to Americans

https://bit.ly/3szOpK8

Submitted March 28, 2021 at 12:23PM by simplelifestyle https://bit.ly/3lY3OkU

AmericanAirlines Arena to be renamed for cryptocurrency exchange


https://bit.ly/3csn0UM via /r/Bitcoin https://bit.ly/3m1Vhh4

I never ever believe in my retirement fund


I have worked some 20 years as an engineer. Ever since I started working, I had this gut feeling that I would never get enough for retirement, that there would be depreciation, that the system might collapse.I grew up in a third world country, and I remember my father being VERY upset because of an 80% devaluation -overnight. He had his debts in usd, so we were financially screw. I was very young, did not even knew math, but when he literally eli5 the situation for my, I had complete understanding of the situation.He owe 10 american bananas and needed about 20 local bananas to pay. But now our bananas were cheaper and he needed 100 bananas to pay for the 10 american bananas. And we only had about 30, so we needed 70 extra bananas and that is how my sister, his wife and the girl she find in a forest ended up working in the streets at night, to get most needed bananas for us.Joke aside, I never in my life see my family being so miserable overnight.In 2014, there was "a voice" telling me to buy btc. I did not even understood what it was but I buy in and after the crash, I sold and lost (7 btc).2015, when the price went up again, the voice kept telling me to buy and I did. I kept doing that and in 2018, after the crash, I did not sell. I understood it was a cycle.And oh boy, are 3 years long? They are.But I kept buying, every month a little bit.If anything, I regret I did not put all my savings there. I kept accumulating satoshis.During this bullrun, I got probably 3x what I have in my retirement fund already, and I am not planning to sell like I did in 2015.Another thing I realize while growing up is that both my grandparents had big houses and a number of cars, and my father could only afford a tiny house and 1 car, and myself? I was never willing to get a credit to pay in 30 years for a house half the size of my parents and move on public transport. The system was obviously not working.All the fears that I had when I was a kid came back to hunt me. Devaluation is not just a phenomenon of third world countries.Today I do not give a fuck anymore about my retirement money. I am much more upset that the government takes taxes from the risk that I took since 2014. While they keep devaluating the money a little bit every year to a lot sometimes, they want us to pay for they stupid games. And all along, the people who make the rules, politicians backed by big money, keep doing more money.Is this a rant?TLDR, I never believe in my retirement fund.Edit: for people sending me PMs/DMs, as always, you will get immediately blocked. If you have something to say, do it public, in the comments. via /r/Bitcoin https://bit.ly/3w8JEJy