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Joined 8 months ago
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Cake day: July 3rd, 2024

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  • There is no “safe” store of value, it always depends on demand

    If you don’t think “safe stores of value” exist, why did you pontificate on what you thought would become one?

    Bitcoin transfers cost pennies on the Lightning Network […]

    Press X to Doubt. Defending Bitcoin in 2025 is certainly a choice.

    There is a reason why Chinese people invested […] in the housing market, allowing scammers to build ghost towns they never planned on completing… and then it all went crashing down.

    You realize this happens everywhere, right? Housing is an extremely common investment choice, and ghost towns (or at least, a lot of chronically vacant homes) appear frequently as a result. I am once again left asking why problems like this only seem to get noticed when Chinese people do it.

    Regardless, none of this changes what I’ve said; China is a superpower with a gargantuan economy that can’t be ignored. And it isn’t! Were it that the dollar died, China would be an enticing replacement for a lot of investors whether we like it or not. Many of whom would happily stomach the risk of government intervention in exchange.

    The US sees the Euro as a competitor of the Dollar; for the US to buy a strategic reserve of EUR, it would definitely mean recognizing defeat.

    I didn’t realize we were still talking about the U.S. government’s choice in investment alone! I had figured your initial comment had shifted this to being about the dollar’s power writ large, especially given that the U.S. government’s tactics as of late have been questionable on a good day and therefore not really worth speculating on.

    But sure, the federal government is unlikely to give up on the dollar. That won’t stop it from imploding if they keep fucking up, and it wasn’t what I was talking about anyway.



  • You have constitutional amendments for this exact scenario.

    Bold of you to assume any of that matters right now. Or ever, really. Cops can and have been shooting people stone dead for “looking like they might’ve had a gun.” The second amendment has been a farce for decades at minimum.

    Not that I think waiting for Congress to fix things when they’re the ones least threatened by what’s happening is a good idea. Just pointing out that the Constitution stopped mattering a long time ago.


  • I don’t think Bitcoin qualifies as a “safe store of value” when it fluctuates like hell on a day-to-day basis and transferring it anywhere for any reason costs exorbitant amounts of money. Much as you or I don’t trust China, I think the powerhouse of an economy that it has will make it awfully enticing for investment orgs, and I don’t think the U.S. will have to “recognize defeat” for the Euro to replace the dollar, either. If the dollar tanks, it tanks.




  • China is kind of notorious for being the place where you can find internet trolls for hire for cheap.

    Reflexively associating people & things you dislike with an ethnicity is a form of hate, and you are doing it. After all, America has plenty of – hell, I’d argue more – easily bought trolls available, and yet I don’t seem to see a whole lot of people bringing up their nationality so much, assuming they mention them at all.

    And I’m not going to ignore racist statements just because pointing it out causes tension.










  • These ones:

    Yeah, I understand that you personally choose to disagree with reality, maybe you don’t like what reality has become, but unfortunately that doesn’t make it less real.

    None of that is because they’re “magic beans” from which no value sprouts.

    It objectively, undeniably has value. You can staunchly say pretend it doesn’t, but only if you are willingly blind to the voluntary usage patterns of hundreds of millions (possibly billions) of people every hour of every day.

    And of course, the entirety of your first comment here.

    Nothing of what you’ve stated has proven any of the above. Not that you care; you’ve decided you’re right, and therefore any opinion you hold must automatically be fact. Far as I can tell, you’re here to stroke your ego. Keep at it if you want, I guess — I’m not going to debate someone who only wants to hear themselves talk.