Message from @.ȼ๏ʍ
Discord ID: 808187075630596117
But the power is too enticing
That’s why people shouldn’t be in charge of currency issuance
Let computer protocols do that
I think crypto currency is the direct result of prolonged absence of a gold standard
Absolutely
You know about the message Satoshi left in the genesis block?
Right now it's just backed by faith that it's worth something, and that faith is diminished when you are printing out more
imagine if we brought it back to 1971 levels and went back to the gold standard again... 1 dollar back then would be worth $6.39 now
Yeah, 1971 was fucked up. So were 1944, 1933, and 1913.
Bretton Woods, Executive Order 6102, and the establishment of the Federal Reserve/income tax/initial depegging of the dollar to the gold standard
Computers can be hacked
Bitcoin never has been hacked
People have had their personal computers hacked. Crypto exchanges have been hacked. Bitcoin itself has not
Bitcoin obvious not like you said
I assumed you meant in the context of actual USD
Oh, no. I see how you got that. Yeah. The dollar is dying. I’ve moved on to the Bitcoin standard.
95+% of my investment portfolio is in crypto
I intend to do so at some point as well
Right now I still have to eliminate some dollar denominated debts, like mortgage and student loan. People don’t widely accept crypto yet and the tax situation is a nightmare but eventually I’m thinking that will get alleviated.
I measure my wealth in Bitcoin now. Even my altcoins, I look at them in terms of how many Bitcoin they are worth.
Swipe is an interesting play. Binance, the largest crypto exchange in the world, is heavily involved with this project. Swipe has a partnership with Visa to create crypto debit cards. You download the Swipe app which is a crypto wallet app. You can get a Swipe crypto debit card from any of the four tiers of card. The lowest tier card is free. Each higher tier card requires that you purchase and lock up for 6 months some number of Swipe crypto tokens, 300, 3,000, or 100,000 for the higher tier cards.
Each card carries with it certain perks. Monthly rebates for Spotify, Netflix, Apple Music, Amazon Prime, Uber, Travala, Starbucks.
Each card also gives some percentage cashback on all purchases, but in Bitcoin.
Recently they announced the release of Swipe Savings. Within the wallet app, you basically have savings accounts within which you can earn interest.
5.9% APY on Bitcoin and Ethereum.
8.9% APY on several stablecoins
16% APY interest on Swipe
No wonder it’s blowing up in price.
I’m having trouble using Coinbase. Would you recommend Binance over that?
Coinbase’s user interface is way more noob friendly. I’m US based so I can’t use Binance. I have to use Binance.US instead. Binance.US has more options for advanced trading. I’ve experienced glitches occasionally using Binance.US, where I try to buy some crypto, the transaction fails, but then, strangely, my bank account gets debited by the amount I attempted to buy and my Binance.US account ends up with that many dollars in it. I can then go trade the dollars for crypto. It’s just weird sometimes. 🤷♂️
uh fidelity does stocks right?
they are fucking around
im sure theres a better place for that but since they are some sort of bank
Fidelity does a lot of stuff. I know they have Fidelity Digital Assets which has been a thing since...I wanna say...circa 2014?
They have lots of assets under management. I’m sure they are into just about everything from stocks to bonds to precious metals to real estate to crypto to derivatives.
They really stepped in it if there was some instruction telling their employees to stop donations to PV. Fidelity better hope it is as innocent as a process confusion
"Under investigation" for what crime?
"Illegal & Non-Charitable Activity" doesn't say much in regards to what crime was done
it was the wapo article
I didn't read it
Did it say something like PV was receiving funds under the table to give a report about something?
uh no its about the mailman voter fraud guy
they said he retracted his statement