|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
OP
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
It feels like it has replaced gold. Easier to hide, smuggle, and cash out than gold. But like gold the government is going to get its tentacles on it.
I wonder when something like this will apply to crypto and Biden is just the man to do it:
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
I don't see how our government can possibly allow an alternative to Federal Reserve Notes and survive. Soon nobody will want U.S. money if there is an alternative. Especially if billions upon billions of dollars are being printed every week. I'm sure they'd like to put a stop to crypto.
Last edited by xxclaro; 04/10/21.
|
|
|
|
|
Joined: Jun 2008
Posts: 6,076
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2008
Posts: 6,076 |
It feels like it has replaced gold. Easier to hide, smuggle, and cash out than gold. But like gold the government is going to get its tentacles on it.
I wonder when something like this will apply to crypto and Biden is just the man to do it:
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
I don't see how our government can possibly allow an alternative to Federal Reserve Notes and survive. Soon nobody will want U.S. money if there is an alternative. Goldman Sachs, Mellon bank and JP Morgan seems to think it’ll last What does Bear and Stearns say??? Lehman Bros???
|
|
|
|
|
Joined: Dec 2013
Posts: 13,038
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Dec 2013
Posts: 13,038 |
It feels like it has replaced gold. Easier to hide, smuggle, and cash out than gold. But like gold the government is going to get its tentacles on it.
I wonder when something like this will apply to crypto and Biden is just the man to do it:
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
I don't see how our government can possibly allow an alternative to Federal Reserve Notes and survive. Soon nobody will want U.S. money if there is an alternative. Goldman Sachs, Mellon bank and JP Morgan seems to think it’ll last Sure do hope it lasts. Up over 1600% since July. Have 15% of my account in crypto.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
Read an article recently that Bitcoin by itself has a higher market cap than the 3 or 4 largest US banks combined, surpassing 1 trillion dollars. The entire crypto market cap has now surpassed 2 trillion. Bitcoin itself has seen about 400 billion pour in since the start of 2021. Things are changing fast out there. How many here have their fingers in this market? I'm just a newbie myself, only started in January, but its been a very educational few months for sure. Wut? There's trillions in individual index funds. Please don't be lazy. Don't know what the numbers are exactly, but NYSE shows JP Morgan at about 473B market cap.
|
|
|
|
|
Joined: Jan 2017
Posts: 216
Campfire Member
|
|
Campfire Member
Joined: Jan 2017
Posts: 216 |
It's the (semi) new paradigm.
Buy INJ.
You're welcome. Injective looks promising. Frankly there's so many promising projects out there its hard to keep up. INJ and SXP have long been in consolidating phase, great for stacking SATS when they (finally) break out. But there is another that will turn the entire space upside down...
|
|
|
|
|
Joined: Oct 2005
Posts: 79,321
Campfire Oracle
|
|
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 |
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
So,....where did all the gold go after people were forbidden from owning it?
|
|
|
|
|
Joined: Sep 2013
Posts: 17,865
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2013
Posts: 17,865 |
INJ and SXP have long been in consolidating phase, great for stacking SATS when they (finally) break out. But there is another that will turn the entire space upside down...
You work for motley fool?
Last edited by AKwolverine; 04/10/21. Reason: Deleted extra crap
|
|
|
|
|
Joined: Nov 2003
Posts: 28,411
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
It feels like it has replaced gold. Easier to hide, smuggle, and cash out than gold. But like gold the government is going to get its tentacles on it.
I wonder when something like this will apply to crypto and Biden is just the man to do it:
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
I don't see how our government can possibly allow an alternative to Federal Reserve Notes and survive. Soon nobody will want U.S. money if there is an alternative. Goldman Sachs, Mellon bank and JP Morgan seems to think it’ll last What does Bear and Stearns say??? Lehman Bros??? Good point.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
It's the (semi) new paradigm.
Buy INJ.
You're welcome. Injective looks promising. Frankly there's so many promising projects out there its hard to keep up. INJ and SXP have long been in consolidating phase, great for stacking SATS when they (finally) break out. But there is another that will turn the entire space upside down... Well don't leave us in suspense here
|
|
|
|
|
Joined: Dec 2013
Posts: 13,038
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Dec 2013
Posts: 13,038 |
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
So,....where did all the gold go after people were forbidden from owning it? Fort Knox I would think. The main thing was to recall those gold certificates that the Federal Reserve had issued. There were 3 times as many out as there was gold to redeem them. Also after the gold was taken in the U.S. government raised the price from $20.67 to $35 thus devaluing the Federal Reserve Notes they exchanged for the confiscated gold.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
|
|
|
|
|
Joined: Oct 2005
Posts: 79,321
Campfire Oracle
|
|
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 |
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
So,....where did all the gold go after people were forbidden from owning it? Fort Knox I would think. The main thing was to recall those gold certificates that the Federal Reserve had issued. There were 3 times as many out as there was gold to redeem them. Also after the gold was taken in the U.S. government raised the price from $20.67 to $35 thus devaluing the Federal Reserve Notes they exchanged for the confiscated gold.oh.
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
So,....where did all the gold go after people were forbidden from owning it? Fort Knox I would think. The main thing was to recall those gold certificates that the Federal Reserve had issued. There were 3 times as many out as there was gold to redeem them. Also after the gold was taken in the U.S. government raised the price from $20.67 to $35 thus devaluing the Federal Reserve Notes they exchanged for the confiscated gold. So what happened to the overall price of gold during the time the US government said you couldn't have any?
|
|
|
|
|
Joined: Jan 2017
Posts: 216
Campfire Member
|
|
Campfire Member
Joined: Jan 2017
Posts: 216 |
|
|
|
|
|
Joined: Jul 2018
Posts: 10,671
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2018
Posts: 10,671 |
My biggest concern long term with a decentralized digital currency is that tyrants are obsessed with control. So if it gets too big, they'll figure out how to ruin the party.
Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
|
|
|
|
|
Joined: Feb 2010
Posts: 2,816
Campfire Regular
|
|
Campfire Regular
Joined: Feb 2010
Posts: 2,816 |
Does bitcoin exist during a power outage? Or when the net is down?
|
|
|
|
|
Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
Does bitcoin exist during a power outage? Or when the net is down?
Yes to both.
|
|
|
|
|
Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
Crypto is one smart guy away from being worth zero overnight. Care to elaborate? Odds are he is dumb enough to try.
|
|
|
|
|
Joined: Dec 2013
Posts: 13,038
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Dec 2013
Posts: 13,038 |
My biggest concern long term with a decentralized digital currency is that tyrants are obsessed with control. So if it gets too big, they'll figure out how to ruin the party. No other medium of exchange except fiat currency can be allowed if the deep state is to survive. They will make using it punishable by death if that's what it takes. But it won't take that. So what happened to the overall price of gold during the time the US government said you couldn't have any? It was made legal again in 1974.That year it was $183. So it went from $20.67 to $183
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
|
|
|
|
|
Joined: Jul 2018
Posts: 10,671
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2018
Posts: 10,671 |
Does bitcoin exist during a power outage? Or when the net is down?
It can exist in non volatile memory but if power is out how can you do a transaction with it? As opposed to cash that you can hand to a merchant.
Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
|
|
|
|
|
Joined: Oct 2003
Posts: 3,859
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
Won't argue that having some cash on hand is always a good idea.
|
|
|
|
|
553 members (1Longbow, 1lessdog, 10gaugemag, 007FJ, 17CalFan, 12344mag, 65 invisible),
2,466
guests, and
1,359
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,191,446
Posts18,470,944
Members73,931
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
