Tamworthram Posted April 26 Share Posted April 26 On 24/04/2024 at 19:37, NottsRam77 said: Show it to the people of derby lol explains what bitcoin is for those that dont / want to know Or just stop being a crypto evangelist and just enjoy your profits instead of trying to convert the rest of us.😀 NottsRam77 1 Link to comment Share on other sites More sharing options...
Stive Pesley Posted April 26 Share Posted April 26 3 hours ago, cstand said: In the US due to the decriminalisation of shop lifting, criminal gangs are raiding stores on a regular basis which is increasing prices for everyone Well, not strictly speaking *everyone* 🤣 NottsRam77 and Bob The Badger 2 Link to comment Share on other sites More sharing options...
NottsRam77 Posted April 26 Author Share Posted April 26 8 hours ago, cstand said: Inflation is the result of continuing money printing and ever increasing debt, I cannot ever see it being under control for a very long time. In the US due to the decriminalisation of shop lifting, criminal gangs are raiding stores on a regular basis which is increasing prices for everyone as well. Peter Schiff reckons by 2031 the tax revenues in the US will only cover the debt repayments, social security, Medicare, military, this is why he has already left for the tax haven of Puerto Rico because he knows income taxes will be substantially higher. Even if the US came to its senses and elected a strong leader the opposition would be taking them to the courts all the time. At some point there is going to be an almighty crash and all assets will drop in value by approx 40% or inflation will remain high for a long time just like the seventies. If everything crashes and taxes are higher then Bitcoin will be used to avoid paying taxes. Only other possibility is go back to some kind of gold standard. As for the UK, if the US sneezes the rest of the world will catch a cold. 100% this think youve absolutely nailed it tbh i dont think its possible for us to return to a gold standard method… debts around the world are too vast . i had mo idea about the decriminalising of shop lifting .. wtf ?!!! so what happens .. people are allowed to to just thieve.. surely thats the first step to a lawless society .. christ and as u say the US sneezes .. rest of the world catches a cold Link to comment Share on other sites More sharing options...
NottsRam77 Posted April 26 Author Share Posted April 26 5 hours ago, Tamworthram said: Or just stop being a crypto evangelist and just enjoy your profits instead of trying to convert the rest of us.😀 Im not lol .. just trying make people aware of whats happening to the pound in their pocket .. this is bigger than bitcoin Link to comment Share on other sites More sharing options...
NottsRam77 Posted April 26 Author Share Posted April 26 8 hours ago, Wolfie said: That only fuels demand side inflation. The high inflation the world has seen in the last 2-3 years has been purely due to supply side shocks, firstly from global supply chains post-covid and then from energy price shocks. I think recent events as u say covid, war in europe, war in the middle east has emphasised the debt and borrowing by countries around the world. It has also highlighted ultimately who pays for it and who ultimately profits from it. Link to comment Share on other sites More sharing options...
Stive Pesley Posted April 26 Share Posted April 26 3 hours ago, NottsRam77 said: i had mo idea about the decriminalising of shop lifting .. wtf ?!!! so what happens .. people are allowed to to just thieve.. surely thats the first step to a lawless society .. christ It's not like they announced it as a great new change in the law, it's just a consequence of rising inflation, increasing poverty and total lack of investment in public services. All driven by a system being rigged for the benefit of the super rich. Effectively there aren't enough police to warrant dealing with (relatively) low value shoplifting. Same with almost all low level crime. But of course the game is to then make it a reason to have people hate the poor - "look at them, stealing with impunity!" I think we all know which people in society steal the most money from the system and it ain't poor people! GboroRam 1 Link to comment Share on other sites More sharing options...
NottsRam77 Posted April 26 Author Share Posted April 26 (edited) 1 hour ago, Stive Pesley said: It's not like they announced it as a great new change in the law, it's just a consequence of rising inflation, increasing poverty and total lack of investment in public services. All driven by a system being rigged for the benefit of the super rich. Effectively there aren't enough police to warrant dealing with (relatively) low value shoplifting. Same with almost all low level crime. But of course the game is to then make it a reason to have people hate the poor - "look at them, stealing with impunity!" I think we all know which people in society steal the most money from the system and it ain't poor people! Amen to that … aint that the truth as u say we know who the real thieves are tell u what the way our public funding is going we aint that far behind them Edited April 26 by NottsRam77 Stive Pesley 1 Link to comment Share on other sites More sharing options...
Ram-Alf Posted May 24 Share Posted May 24 I think I understand "bitcoin" and I say that loosely, So how the feck did this Women get to spend so much before being caught? https://news.sky.com/story/chinese-takeaway-worker-jian-wen-jailed-for-money-laundering-after-3bn-bitcoin-seizure-13132666 Link to comment Share on other sites More sharing options...
cstand Posted May 24 Share Posted May 24 (edited) On 26/04/2024 at 12:56, Stive Pesley said: Well, not strictly speaking *everyone* 🤣 It’s the poor that are suffering the most for basic food needs $7 for a box of cereal or piece of fruit, but the price increases are not included in the CPI figures so no one is bothered. Edited May 24 by cstand Link to comment Share on other sites More sharing options...
NottsRam77 Posted May 26 Author Share Posted May 26 On 24/05/2024 at 17:37, Ram-Alf said: I think I understand "bitcoin" and I say that loosely, So how the feck did this Women get to spend so much before being caught? https://news.sky.com/story/chinese-takeaway-worker-jian-wen-jailed-for-money-laundering-after-3bn-bitcoin-seizure-13132666 Tell u what though .. 1.4b to over 3b… thats your hedge against inflation right there lol Link to comment Share on other sites More sharing options...
cstand Posted June 4 Share Posted June 4 Mexico stock market dropped 11% after electing a leftwing president. Bitcoin now over $70,000 up 2% Gold down 1% All a bit bizarre but if you live in a country with high inflation, corruption and high death rate Bitcoin might make sense. Link to comment Share on other sites More sharing options...
Tamworthram Posted June 5 Share Posted June 5 14 hours ago, cstand said: Mexico stock market dropped 11% after electing a leftwing president. Bitcoin now over $70,000 up 2% Gold down 1% All a bit bizarre but if you live in a country with high inflation, corruption and high death rate Bitcoin might make sense. Would Bitcoin protect you from death? If so, someone is missing a massive USP. Crewton, Wolfie, GboroRam and 2 others 5 Link to comment Share on other sites More sharing options...
Comrade 86 Posted June 5 Share Posted June 5 17 hours ago, cstand said: All a bit bizarre but if you live in a country with high inflation, corruption and high death rate Bitcoin might make sense. If only I could think of a country that meets that criteria... NottsRam77 1 Link to comment Share on other sites More sharing options...
cstand Posted June 5 Share Posted June 5 (edited) 3 hours ago, Tamworthram said: Would Bitcoin protect you from death? If so, someone is missing a massive USP. If you live in an unstable country like Mexico where drug cartels, and corruption is part of every day life it would be very risky to buy Silver or Gold without the drug cartels finding out. Buying crypto would be more secretive unless you brag about, so would be a safer option in a country with a high murder rate. Obviously there is no guarantee but it is a factor I had never thought about before when considering why people would want to buy crypto instead of PMs https://worldpopulationreview.com/country-rankings/murder-rate-by-country Edited June 5 by cstand NottsRam77 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted June 5 Share Posted June 5 3 hours ago, cstand said: If you live in an unstable country like Mexico where drug cartels, and corruption is part of every day life it would be very risky to buy Silver or Gold without the drug cartels finding out. Buying crypto would be more secretive unless you brag about, so would be a safer option in a country with a high murder rate. Obviously there is no guarantee but it is a factor I had never thought about before when considering why people would want to buy crypto instead of PMs https://worldpopulationreview.com/country-rankings/murder-rate-by-country Is buying Crypto any more secretive (from the people likely to kill you) than buying gold or silver? I don't think anyone would dispute the fact that Mexico has a very high murder rate but I'm not sure there is any correlation between that and crypto sales. Link to comment Share on other sites More sharing options...
Stive Pesley Posted June 5 Share Posted June 5 3 hours ago, cstand said: Buying crypto would be more secretive unless you brag about You mean there are people who buy crypto and DON'T brag about it? 😂 Who knew that was even possible! i-Ram, cstand, GboroRam and 3 others 6 Link to comment Share on other sites More sharing options...
NottsRam77 Posted June 5 Author Share Posted June 5 (edited) 8 hours ago, cstand said: If you live in an unstable country like Mexico where drug cartels, and corruption is part of every day life it would be very risky to buy Silver or Gold without the drug cartels finding out. Buying crypto would be more secretive unless you brag about, so would be a safer option in a country with a high murder rate. Obviously there is no guarantee but it is a factor I had never thought about before when considering why people would want to buy crypto instead of PMs https://worldpopulationreview.com/country-rankings/murder-rate-by-country Also If u live in mexico or any south american country your being absolutely shafted by inflation as ur local currency continues to go to absolute s*** against the dollar saving in bitcoin in these countries for that store of wealth / and security of that wealth is an absolute no brainer The argentinian peso used to trade at 1 : 1 against the dollar as of this minute is trading just shy of 900 peso to the dollar Thats why u (they should) save in bitcoin Edited June 5 by NottsRam77 Link to comment Share on other sites More sharing options...
GboroRam Posted June 5 Share Posted June 5 19 minutes ago, NottsRam77 said: Also If u live in mexico or any south american country your being absolutely shafted by inflation as ur local currency continues to go to absolute s*** against the dollar saving in bitcoin in these countries for that store of wealth / and security of that wealth is an absolute no brainer The argentinian peso used to trade at 1 : 1 against the dollar as of this minute is trading just shy of 900 peso to the dollar Thats why u (they should) save in bitcoin Or dollars. cstand and Crewton 2 Link to comment Share on other sites More sharing options...
Crewton Posted June 6 Share Posted June 6 Can you fill a bath with bitcoin and jump in? Link to comment Share on other sites More sharing options...
cstand Posted June 6 Share Posted June 6 10 minutes ago, Crewton said: Can you fill a bath with bitcoin and jump in? Crewton, Stive Pesley and NottsRam77 3 Link to comment Share on other sites More sharing options...
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