patrick.net

G36 says

I said at least 75 times, don't think of Bitcoin as a day-to-day currency. Think of it as digital gold. Gold 2.0.

Yes, of course, this time is different. As I've said, I'm tired of talking about this.

I think of gold as gold. This is a graph of the national debt of the United States in terms of units of silver.



We always return to a commodity standard, always. Everything is a bubble except commodities at this point. If we returned to the 1980 peak of silver, guess what silver would be valued at today? Over $2,000 an ounce. This will destroy the entire banking system. I do not look forward to this event, but it will happen. It always does.

When I was a kid I used to talk to my grandparents and my great aunts and uncles about the Great Depression because they were adults when it hit and they lived through it. "If only I didn't have any debt when it happened, I would have been fine.." was a common thing I heard. When hyperinflation hit the Wiemar Republic, you could buy a house with a single ounce of gold. That's the insanity we're headed toward.

G36 says

I understand that a guy who collects silver coins would love to have Bitcoin labeled a certain way but hedge funds, square, PayPal, Guggenheimer, billionaires and myself know its gold 2.0 / Digital Gold.

lol

Richwicks,

-we have immaterialized books. We have immaterialized music. In order words, music and books are digital now.
-Why should money or gold not be digitalized?
-I dont think you have been outside of the US in the last couple of years? Some countries are way ahead of the digitalization of money (in some asian cities you pay by phone, almost nobody carries cash anymore)
-Gold will be digital. Physical gold may still play a small role.
-That doesnt mean you have to get on the train. Also, it doesnt mean you can change it.
-It happens as we speak.
-There was pushback by some elder people when we got cell phones. Some older folks will never have a cell and will keep their landline until their last breath.

G36 says

-Why should money or gold not be digitalized?

Because government will inflate it to pay for budget deficits. With physical gold, it is impossible. Imagine how much more efficient Rudy Havenstein would have been if he could inflate DM by a keystroke and would not have to print it?

Onvacation says

G36 says

I understand that a guy who collects silver coins would love to have Bitcoin labeled a certain way but hedge funds, square, PayPal, Guggenheimer, billionaires and myself know its gold 2.0 / Digital Gold.

lol

Pretty good line I think, thats a keeper.

"Because government will inflate it to pay for budget deficits."

I would love an inflated Bitcoin price.
The first boom was by retail,
the second boom (right now) is driven by institutions (Square/Paypal/Hedge Funds/banks).
The third boom might be by governments.


by governments?????? Bitcoin price at $1M incoming.....?

G36 says

-we have immaterialized books. We have immaterialized music. In order words, music and books are digital now.

Gee whiz, someday we'll have immaterialized food, and immaterialized shelter, and immaterialized clothing, and immaterialized air and water...

G36 says

-I dont think you have been outside of the US in the last couple of years? Some countries are way ahead of the digitalization of money (in some asian cities you pay by phone, almost nobody carries cash anymore)

Yeah, people are stupid.

richwicks says

G36 says

-I dont think you have been outside of the US in the last couple of years? Some countries are way ahead of the digitalization of money (in some asian cities you pay by phone, almost nobody carries cash anymore)

Yeah, people are stupid.

Not only are they stupid, but apparently no one pays by phone in the USA. Nobody. Only Asian countries. Lol. Once a troll, always a troll. I'd move on from this thread Rich. I thought there was some reasoning and intelligence there, but it clearly didn't work out.

WookieMan says

Not only are they stupid, but apparently no one pays by phone in the USA. Nobody. Only Asian countries. Lol. Once a troll, always a troll. I'd move on from this thread Rich. I thought there was some reasoning and intelligence there, but it clearly didn't work out.

The point I'm making with cash versus, a phone QR code or even a credit card, is that cash is a lot faster. Whenever I go to store to buy something, nearly every time as I'm waiting to check out, some stupid twat is fumbling around with a fucking credit card. First they have to pull out their wallet or purse, then they have to go through their 30 different cards, then they finally find the damned card, then they insert it, maybe enter a pin number. Transactions being validated.... OK - it's validated, finally.

I'm there, hand them a $20 or a $100, they give me change, I'm done.

I'm always amazed that people are too fucking stupid just to have the credit card out when they hit the cashier. They're just assholes. People do the same goddamned thing with their phone too. "Oh yeah, I didn't realize I had to pay, forgot about that DUH, here let me pull out my wallet/phone/purse whatever because I'm so fucking stupid I didn't realize I had to pay at this store to buy stuff".

And you know what I do when I go out to eat? I never tip with a credit card. I cross out the tip on the bill, leave at least 15% in cash, and if the waiter is around I tell them specifically - I left a gift for you, gifts aren't taxable like tips are. Even when I'm with a group, I try to allow them to leave a tip in cash.

richwicks says

And you know what I do when I go out to eat? I never tip with a credit card. I cross out the tip on the bill, leave at least 15% in cash, and if the waiter is around I tell them specifically - I left a gift for you, gifts aren't taxable like tips are. Even when I'm with a group, I try to allow them to leave a tip in cash.

I agree from the severs standpoint that cash is king. I'm a CC points guy though, so that tip is a free kickback whereas cash gets me nothing. There are jackasses out there for sure, but my card is always ready at a restaurant, gas station, grocery store, etc. It does piss me off too when you're in line and someone is fumbling around with a wallet or purse as they just sat there until it came to crunch time. I usually have my card in the machine before the groceries are even scanned. Ready before the server brings the check. Vast majority of people give zero shits, hence why it's so easy to brainwash them.

wow, I am amazed.

Wookie,
Another stupid response. We are used to that. Who said nobody pays with a phone in the US??? Who said that? And you didnt even get Richwicks point. Yes, please do us all a favor and stop talking/writing.

Richwick,
you are telling us it takes longer to pay with a credit card or phone than with cash? you got to be kidding me.
With the credit card you dont even have to slide it anymore. Just tap it.

https://globalnews.ca/news/2295763/tap-and-pay-cards-its-fast-and-convenient-but-is-it-more-secure/

I dont think I have ever heard that paying cash is actually faster than a CC or paying via phone, but i guess nothing should shock me anymore.
You probably pay for gas in cash instead of using your card at the machine?

When i think about cash, i think about dirty coins/paper that has gone through dirty hands. I dont even want to touch it and i havent had a traditional wallet in 10-15 years now. (i do have several crypto wallets :) )
Easy to lose some cash in your wallet/pockets too. If you lose a credit card you just cancel it.

personal

G36 says

Another stupid response. We are used to that.

G36 says

-I dont think you have been outside of the US in the last couple of years? Some countries are way ahead of the digitalization of money (in some asian cities you pay by phone, almost nobody carries cash anymore)

G36 says

Who said nobody pays with a phone in the US??? Who said that?

G36 says

Pls wookie, you said several times you are not commenting anymore.

Reading. Quote it. Should be easy enough.

Your inner troll is coming out from past crypto posts/comments. Good for you.

Now you are even confirming your own stupidity by reposting it. What kind of a troll are you? And I said asian cities not countries. fuck are you special. ROFL

G36 says
-I dont think you have been outside of the US in the last couple of years? Some countries are way ahead of the digitalization of money (in some asian cities you pay by phone, almost nobody carries cash anymore)

WookieMan says
Not only are they stupid, but apparently no one pays by phone in the USA. Nobody. Only Asian countries. Lol.

so again, who said nobody pays by phone in the USA?
Maybe you are even dumber than I thought and you dont understand the sentence:
"in some asian cities you pay by phone, almost nobody carries cash anymore"

G36 says

I dont think I have ever heard that paying cash is actually faster than a CC or paying via phone, but i guess nothing should shock me anymore.

HEARD of it?

I experience it, CONSTANTLY.

There are a great deal of people who won't believe anything unless somebody else has TAUGHT it to them. The reason you think a credit card to pay for a $5 coffee is faster than just handing the server $5 is because of a fucking commercial. 1/2 the time I'm in line, I've got enough time to calculate the cost of what I'm buying anyhow. If I'm buying a coffee or a burger, I don't take change, I just give them the cash and leave them with a tip.

I fucking have to live in this goddamn clown world where there's a BUNCH of people who won't believe their lying eyes, but will believe a fucking commercial. So goddamned tired of it.

richwicks, when I go to starbucks i pay via app.

"If I'm buying a coffee or a burger, I don't take change, I just give them the cash and leave them with a tip." Thats your choice to overpay everytime.

What do you do at the gas station if you hate CC so much? Do you know how many CC points you could collect by paying the same amount in a cleaner way (cash coins are dirty).

Tell us how you pay for gas!

G36 says

when I go to starbucks i pay via app.

lol. That explains a lot....

WookieMan says

G36 says

when I go to starbucks i pay via app.

lol. That explains a lot....

a lot? name one thing. name a single thing thats wrong with that. just one.

G36 says

WookieMan says
Not only are they stupid, but apparently no one pays by phone in the USA. Nobody. Only Asian countries. Lol.

So those cities are in Australia? Lebanon? Why Asian? You're dense bro. You decided to pick Asian cities. That doesn't change the country.

G36 says

WookieMan says

G36 says

when I go to starbucks i pay via app.

lol. That explains a lot....

a lot? name one thing. name a single thing thats wrong with that. just one.

Was it Bitcoin? That you paid for with an app or cash? If it was an app surely you were in Asia.

Starbucks is pure trash coffee. Grow up and brew you own. If you enjoy trash.... well I guess I understand more about you now. ;)

WookieMan says

G36 says

WookieMan says
Not only are they stupid, but apparently no one pays by phone in the USA. Nobody. Only Asian countries. Lol.

So those cities are in Australia? Lebanon? Why Asian? You're dense bro. You decided to pick Asian cities. That doesn't change the country.

Who said nobody pays by phone in the US? Still no answer?
And yes, there is a big difference between some asian cities and the entire country. Its like comparing San Diego to IL. You clearly havent been in Asia before.
They pay in certain cities by phone and barely carry cash. China for instance is a fuckin large country. Somewhere in the boondocks of china they dont pay via phone.....they might trade or pay by cash. Go to a large city and its like being in a different world.

Every single comment you make could be screenshotted. You must be the du*** f*** / most uneducated guy on this site. I am surprised you only have 6 ignores.
Jesus.

G36 says

"If I'm buying a coffee or a burger, I don't take change, I just give them the cash and leave them with a tip." Thats your choice to overpay everytime.

Oh my fucking god! Some poor bastard is making me a sandwich and I'm supposed to be worried about the $1 extra I gave the minimum wage worker? I probably make about 7 times what that guy makes.

G36 says

What do you do at the gas station if you hate CC so much?

What do you think? At 1/2 the gas stations there isn't even an attendant anymore.

G36 says

Do you know how many CC points you could collect by paying the same amount in a cleaner way (cash coins are dirty).

Well, my answer is, who gives a shit?

Do you clip coupons? You know how much you could save if you did?!?!

WookieMan says

Starbucks is pure trash coffee.

And @WookieMan is goddamned right about that one. Basically all coffee in the United States is crap. I'll never get why people think Starbucks is "good". All it is, is sugar and dirty brown water.

G36 says

Every single comment you make could be screenshotted. You must be the du*** f*** / most uneducated guy on this site. I am surprised you only have 6 ignores.
Jesus.

Took me almost a decade to get there bud. You're on pace for 6 in a year. lol.

Keep up the insults though big boy.

WookieMan says

G36 says

WookieMan says

G36 says

when I go to starbucks i pay via app.

lol. That explains a lot....

a lot? name one thing. name a single thing thats wrong with that. just one.

Was it Bitcoin? That you paid for with an app or cash? If it was an app surely you were in Asia.

Starbucks is pure trash coffee. Grow up and brew you own. If you enjoy trash.... well I guess I understand more about you now. ;)

oh my f.ing gosh.

"grow up and brew you own" really dude? Thats your line?
"Was it Bitcoin" ....to pay for coffee??? it was the fuckin starbucks app
"If it was an app surely you were in Asia" muahhaha, so you never your heard of a starbucks app. cool.

jesus. I wish somehow your internet access would get interrupted....for maybe a couple of years :D

G36 says

jesus. I wish somehow your internet access would get interrupted....for maybe a couple of years :D

It hasn't been interrupted going about 4 years now. You can't get rid of me. Battery backup and all that fun stuff. If you're not a BTC troll, maybe post in other threads here. Maybe you'll surprise me? I don't expect much though.

well i really dont care what coffee you guys like or what you drink. Back to the real topic. Traits of money

G36 says

well i really dont care what coffee you guys like or what you drink.

Why bring it back up at all then if you don't care? You clearly do. As evidenced by your comment quoted here.

WookieMan says

G36 says

jesus. I wish somehow your internet access would get interrupted....for maybe a couple of years :D

You can't get rid of me.

I know. Life's never easy. Stupid people have a vote too and they can spread their stupidity online. The fact that you only have 6 ignores is still a surprise though. I havent read a single thing from you that made any sense.

G36 says

Stupid people have a vote too and they can spread their stupidity online.

WookieMan says

Why bring it back up at all then if you don't care? You clearly do.

Grow up softy. Lol. You need a tissue for those tears?

G36 says

"If it was an app surely you were in Asia" muahhaha, so you never your heard of a starbucks app. cool.

I doubt he goes to Starbucks. It's the most over-rated coffee ever. Have you ever had real coffee in your life before? There's a wonderful Ethiopian restaurant called Zeni's near where I live. They serve a coffee called "Boona" but you kind of have to know an insider to get it. One of my coworkers was an Ethiopian, so he ordered it.

This is actually good coffee, it's served in a TINY little saucer, it's EXTREMELY strong, and it has a hint of sweetness to it, and it's just coffee. Ethiopians sometimes flavor their coffee with salt and not sugar.

Coffee in the United States is almost universally burnt. You're drinking charcoal flavored water. That's what Starbucks serves. You can brew better coffee in a Mr Coffee than Star Bucks can. Their coffee is horrible. Starbucks is to coffee as Taco Bell is to Mexican food and holy cow, it's expensive for what you get. I'd have no problem paying $5 for a coffee, if it wasn't awful coffee.

Starbucks can't even make Chai correctly. Here's the recipe for ice Chai

1) Box of tea (get something that isn't fancy or flavored, Earl Grey for example
2) Ginger root
3) Cardamom pods.
4) (optional - cinnamon sticks / cloves) - you have to vary the quantities on your own for this
5) Saucepan and about a pint of water.

Cut off about 4 slices of ginger root - it's a weird thing so you kind of have to learn how much you like. Crush about 6 cardamom pods up - just open it so the seeds can be exposed to the water. Throw that into a pan and add about a pint of water and bring to a boil. Once it's boiling, for a bit, place ALL your teabags into the pan, and let it brew, turn off the heat. Let it sit for 10 minutes or so.

Remove bags, and squeeze them out, remove pods and ginger. Let cool (I like ice chai). There - it's highly concentrated but you can fix that by adding water. If you want you can dissolve sugar into this or another sweetner. I drink it over ice, with heavy cream and sugar. That's much better than you get at Starbucks, and the irony is, I'm taking a ton of shortcuts - real chai is boiled in milk.

"I doubt he goes to Starbucks."

yep, I think you are right. I picture him somewhere in flyover country. Unfortunately, dumb hillbillies have internet access too.

richwicks says

I doubt he goes to Starbucks. It's the most over-rated coffee ever.

G36 says

"I doubt he goes to Starbucks."

yep, I think you are right. I picture him somewhere in flyover country. Unfortunately, dumb hillbillies have internet access too.

G36 says

richwicks, when I go to starbucks i pay via app.

Lol.

G36 says

I picture him somewhere in flyover country.

I've literally stated time and time again I'm from IL here. Maybe get out of the sewer that is crypto pump threads.

At least I'm not a dumb ass paying 4-5 times what I need to and can actually enjoy life and not chase get rich quick schemes. Have fun on the coasts, I'll live cheaper than your car payment and retire early. Lol. Knocking flyover country, grow up dude.

G36 says

yep, I think you are right. I picture him somewhere in flyover country. Unfortunately, dumb hillbillies have internet access too.

Haha. Look, I'm an electrical engineer in Silly Con Valley. Like everybody I make toys and bobbles that nobody really needs but that they want. Some of us work for the intelligence agencies to violate the constitution and shit on the Constitution like Google and Facebook do. They are a bunch of useful idiots.

"Flyover country" as you call it, if they were to go on strike (and I hope they do!) would starve me to death in 6 months if they simply refused to deliver food. You as well. They make essentials. Should, or rather when, they decide to flex their muscles they're going to destroy the two coasts. They are OVERWHELMINGLY the people that compose the military, perhaps the only institution of the country that hasn't gone completely to shit, so don't expect the military to step in to save you, or us rather.

If there is a civil war, it will not be North versus South, it will be fly-over country over Nutzo land, where I live and you as well apparently. Fly-over country will win, easily. They can just simply refuse to deliver food and the war is done. I'm in Commiefornia, but if I get in a car and drive 60 miles East, that's "flyover country" and they won't side with us, I guarantee it. They HATE SF, Los Angeles, and San Jose.

I grew up in a tiny small town in Northern NY. Here's a picture of a beach that is maybe 1/4 mile from my parent's summer home:



I'm from "flyover country". I now live in a an area with a bunch of propagandized dopes. Fools. For now I live here.

People on the coasts think they are "sofistikated" because they drink shitty coffee and buy over-priced crap food and live in a shithole shack that is "worth" 1.5 million dollars. Seriously, a 1.5 million dollar house here is what the POOR live in where I grew up. The people on the coasts are arrogant and interminable when they show up in "fly-over country". What they really are, is arrogant and propagandized. People in "fly-over country" will tolerate their bullshit because they have money, but people in "fly-over country" live a considerably better quality of life than you or I do. I am only here because I'm "highly educated" and to work in my field, I have to be in a metropolis. I can always "downgrade" and I fully expect to do that.

Sillycon Valley sucks. It was interesting and innovative in 2000, we were making the fucking internet back then. We wired the world. That's done. Now what is being done here? This is the next Detroit. Seattle will soon be a shithole. Oregon is run by lunatics. NYC is Deserted, Boston is dead. Massachusetts is bankrupt.

You want to know why we actually had a coup? The coasts are desperate for a bailout. I hope Trump doesn't do it. I hope Trump declares martial law in fact and really does become a dictator because it's pretty obvious that Biden isn't the most popular president EVER in history which he would have to be in order to have been elected. If Trump doesn't retain power, I expect civil war, and I know which side is going to win, it's not us. I'll be on a BUS in that case, low key, traveling across the country and I'll settle in some fly-over place, keep my head low, and keep quiet that I ever worked in Silicon Valley.

Or I might just stay here, and laugh as reality hits these smug assholes in the face. I have to admit, it's tempting just to stay here to see the chaos if we go into civil war. I know how to blend in with the liberal fucks and I can be a hick 2 seconds later. I understand the thinking of both sides, but the hicks are right. They aren't stupid, they are just not as propagandized as liberals are. Not as good with a gun as I used to be, but I'm better than 99.9% of these leftist twats.

Still, I can just go back to the area I grew up. There a beer cost $4 in a bar, an excellent pizza is $15, delivered. A house is $100,000 - a nice house, not a shack, a shack like here, that's $40K. It's awfully tempting to go back, but it's also tempting to see the coming shit-show. I'm going to sit tight, because this is fucking hilarious. It's very funny. I've seen a few people redpilled, I want to see all my arrogant dipshit coworkers get the same treatment. It's very amusing.

richwicks says

I understand the thinking of both sides, but the hicks are right.

Hicks have tons of common sense, which is severely lacking in coastal populations, who think that food grows in supermarkets and don't understand that one can not eat iphones or computer code.

richwicks says

Or I might just stay here, and laugh as reality hits these smug assholes in the face.

Not a good idea, liberal cities which produce mortgage backed securities or 0 and 1's will starve.

Thanks for interesting personal note @richwiks, I feel very similar about this. I am lucky to be in a State not yet run over by complete idiots, although they are making inroads.

Dbr6 says

richwicks says

Or I might just stay here, and laugh as reality hits these smug assholes in the face.

Not a good idea, liberal cities which produce mortgage backed securities or 0 and 1's will starve.

Thanks for interesting personal note @richwicks, I feel very similar about this. I am lucky to be in a State not yet run over by complete idiots, although they are making inroads.

Oh, I fully understand the risk, I'm just not afraid to die and am fully confident I can survive it. I look like a typical poor person just getting by here. My cousin once complained how I dressed because I almost looked like a homeless person once. I have a strong affinity for the working class so I wanted to live among them. I can't stand the fucks that are in the middle class - at least here.

I am very interested to see the collapse of what is currently considered "liberalism". We are on the verge of civil war more than ever. We were 5 years ago, my mother even speculated upon it, and I lied to her and reassured her, no - we're fine. Once Trump was elected I told her the truth that I agreed with her. The people on the coasts have no idea, no clue, how fucking pissed off "fly-over country" is. No clue, and they control the means of production. They can kill us all, but I'm prepared for that. I was a vegetarian for 25 years, I can live off from beans and rice for 6 months with a few vitamin pills. I can cook without electricity.

I always had a strong affinity "to know". I appreciate, strongly, the difficulty of the lower class. I was not part of the lower class where I grew up, but that was everybody around me as a kid. I was an arrogant fucking intolerable asshole as a kid, but as I aged I realized my parents had coddled me too much and were over-protective. Today I kind of see it the way Chris Hedges does. People I once considered stupid, they were just less propagandized than I was. I see both sides now, and I side with the lower class but they are given a false solution - at least out in Commiefornia.

https://www.cnn.com/2020/12/03/investing/bitcoin-ethereum-xrp-cryptocurrencies/index.html

"Low rates and weaker dollar are bullish for all cryptocurrencies"

I never see any hype news about gold or silver. Its all crypto now.

G36 says

I never see any hype news about gold or silver. Its all crypto now.

I love buying hated investments. When the media starts to hype it, get out. Simple. The purpose of the media is only to mislead you, never inform you.

richwicks,

"Still, I can just go back to the area I grew up. There a beer cost $4 in a bar, an excellent pizza is $15, delivered. A house is $100,000 - a nice house, not a shack, a shack like here, that's $40K. It's awfully tempting to go back"

You buy a few houses at the West coast, watch them explode in value, sell one of them, retire early, move to flyover country to the hillbillies and live off your nice 401k and rental property income in a mansion. The untalented never make it out to the coast. They remain in flyover country and post their dumb shit online. They could use the internet to educate themselves but sadly, trolling is all they'll ever achieve.