PAY

HavocMMA

it just sounds like you copy pasted your third mainstream economic class, without ever thinking it through. because deflation is truly the evil? not at all, life and entropy will force you to sell as you need food, shelter etc. your own impulses will also make you buy stuff not strictly necessary. the economy wont die without inflation IN FACT, it will be the first time we see a real economy, not manipulated by endless credit. fiat and inflation create a rat race, which you are probably losing given how little you understand. most of your money, if not all, is in fiat, and is losing value BY DESIGN, so governments can PAY FOR WAR (and secondarily, things like roads etc) which means you are aquiescing to your own financial rape, and that of the whole world, in the name of never ending consumerism if merchants cheat their customers, is because inflation incentivizes them to, as things get constantly more expensive. the destruction of the world and its resources? done on credit wanna protect fiat some more? do you own a home? has the prices of homes quadrupled relative to your income, thus pricing you out of the real estate market, the main way the middle class tries to advance and secure themselves in the world. Thanks to fiat, the American Dream is dead, as stocks and real estate are inflated to hell. vietnam war, and every useless war ever since? fought on credit. look up Richard Ramirez, the serial killer. His cousin was a "decorated green beret" in Vietnam. But all that meant is he mutilated and tortured people, took pictures told his cousin about it, who then became one of the darkest serial killers in history. thanks to fucking fiat, the world has been traumatized beyond belief, as the demonically possessed "money masters" essentually use the printing press to make a world a darker, more depressing, but more easily exploited world. This is done by endless wars fought on credit, credit given to big companies like banks that do the government's bidding ​ stop supporting the fiat regime, you are supporting war, robbery, rape, theft on a macro scale

Hour_Calligrapher_42

The only real concern you should have is using a device without a secure element. Ledger might be closed source, but they know well that anything but pure reliability from their devices would end up with their asses in a very bad place. Besides, if you don’t update and sign up for the recovery thing (Which, by the way, you have to PAY for… it’s a subscription) then you are using everything as it was before the offering of this particular ‘service’. Ledger is still a very useful and realiable hardware wallet.

Effective-Society-12

you add risk by paying taxes and losing out on tax sheltering your bitcoin. Keeping it in a brokerage has risk if the brokerage goes under. NOT holding it in a tax sheltered account holds risk if the brokerage DOESNT go under. If society doesnt collapse, you will have paid a safety premium and have net less bitcoin exposure than someone who didnt hedge against the collapse of a bank. So there is risk either way. Holding bitcoin in a cold wallet where you will have to PAY THE GOVERNMENT TAXES eventually carries risk in and of itself if you have the option to tax shelter it. also, if you live in america, have a job, own a home or own any other savings you are already exposed to all these risks already. so yes, if you have already packed up your life, purchased land abroad, moved away from america, divested all american held equity (literally impossible) and the FINAL step to completely cut yourself off from america is swapping to bitcoin cold storage, then fine. In this paranoid delusion you would be right to do that. but for anyone who still lives and works in the US, your life is literally already at total risk of everything you are afraid of anyways. so holding bitcoin in an etf adds no additional risk you arent already facing.

Generationhodl

I just like the fact that people PAY you to spam you. Imagine you get spammails in your mail-account but every spammail gives you some money.

jamieabroad

When Congress or the President over spends the country goes into debt. Then they go the the FED and ask for relief through raising interest rates which causes inflation and unemployment as the side effect of high interest rates. Ask yourself what is interest? More money WE have to PAY BACK from money itself. This is the enslavement to the central banks!

fairysquirt

Proton Mail scammed me i'm never going back, they locked my e-mail and wouldn't let me in until I paid them a ransom. NEVER PAY FOR PROTON MAIL, they treat their free users better. Stay free.

AvatarOfMomus

> Mining is something that is easy to ramp on or off and easy to move. This is just false. Mining wants to be running 24/7, because when it's not running it's not making money. The only way for mining to make money by *not running* is if someone pays it to shut down to reduce load on the grid, at which point the whole grid would be better off if it wasn't there to start with. It's also not easy to move, because mining setups are basically just specialized server farms, which means they require large buildings with lots of cooling equipment, and massive power lines and associated wiring running into and throughout the building. > Meaning it can be used to mine of the excess energy that is being sold for cheap and thus helping to stabilize the energy grid. This doesn't actually stabilize anything. What's needed to stabilize a grid with a lot of inconsistent renewable generation is more battery capacity and demand management to smooth out demand throughout the day, not more demand overall, which is all Crypto mining provides. Those batteries could be Lithium-Ion batteries, but a lot of work is being done on gravity based batteries, basically pumping water up a hill and then letting it flow down to generate energy when capacity is needed, or things like molten sand batteries that store heat. > hours when energy prices are going negative are you currently need to PAY to get rid of your energy. This is not a thing that basically ever happens. All renewables have a small running cost outside of solar, and even that has a life span on the panels. For wind and hydro the solution to energy prices too low to run profitably is to *not run*. However, since in almost all places fossil fuels make up a sizable chunk of the energy mix, those can be scaled back or shut down first in preference to renewable generation. Also as previously noted, battery capacity actually improves the energy grid and solves this problem of over-capacity renewables.

I_Hate_Reddit_69420

It’s not that simple. Power that is produced needs to be used. With the world starting to use more solar and wind, the production becomes more unreliable. Energy suppliers all over europe have been giving warning signings about this starting to lead to problems on the grid. Mining is something that is easy to ramp on or off and easy to move. Meaning it can be used to mine of the excess energy that is being sold for cheap and thus helping to stabilize the energy grid. In a sense this incentives green energy as well, as it makes renewables profitable at all times, instead of losing money during hours when energy prices are going negative are you currently need to PAY to get rid of your energy.

MoonHawk-

SCAM ALERT. To easy to get scammed. Let him CASH the Crypto and PAY with GREEN $$.

unknownwriter_tobe

Its insane when you think about it, you cannot even decide for yourself what you want to do, its like being a child all over again except this time we have to PAY THEM TO HOLD OUR MONEY!! Insane!!

dirtsmurf

They aren’t voluntary. I’m not using that word. I would be HAPPY TO PAY THEM.

ra246

IT'S FIAT PAY DAY BABY!!! We splitting 50/50 this week! $5 ETH & $5 BTC LET'S GOOOOOOOOOOOOO

automatedcharterer

Funny the CEO stating illegal activities are bad.... Lets see. Here is the form ADV from just one of their numerous companies. [JP Morgan Securities LLC](https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf) in the 396 page PDF if you search for the term "Monetary/Fine" you can find every time they got fined for breaking the rules / law. Its just an endless stream of crime..... And this is only one subsidiary of all of JPM that does one aspect of stocks. >THE ORDER REQUIRES JPMC TO PAY A CIVIL MONEY PENALTY OF $200 MILLION, WHICH WAS PAID ON SEPTEMBER 19, 2013. AS PART OF THE SETTLEMENT, JPMC ACKNOWLEDGED THAT ITS CONDUCT VIOLATED THE FEDERAL SECURITIES LAWS AND ADMITTED TO CERTAIN FACTS, SUCH AS BUT NOT LIMITED TO: THAT JPMC'S TRADERS MISMARKED THE SYNTHETIC CREDIT PORTFOLIO ("SCP") AS LOSSES MOUNTED AND AS A RESULT OF THESE MARKING PRACTICES, THE SCP TRADERS INTENTIONALLY UNDERSTATED MARK-TO-MARKET LOSSES IN THE SCP; JPMC'S EARNINGS RELEASE FOR THE QUARTER ENDING MARCH 31, 2012, INCLUDED THE UNDERSTATED LOSSES FOR THE SCP, AND JPMC SUBSEQUENTLY ISSUED A RESTATEMENT WHICH HAD THE EFFECT OF MOVING SCP LOSSES FROM THE SECOND QUARTER TO THE FIRST QUARTER OF 2012

Gungho_Gringo

I was actually looking at moving there (trying to be a digital nomad), then I started looking at their policies and costs of living, and I realized why would I PAY MORE to live a censored country when I can pay way less to live somewhere laid back!

Geolinear

No moons? No RCP? We’re being left out. Starting from scratch was a bad idea. How is a recognizably unprofitable company like Reddit going to now PAY users for their content and shitposting? It makes so much more sense for the RCP to be used as a way to pay users for their content. Maybe I’m missing the silver lining though.

Agree-Refuse-69

That christine chick is a puppet just like that jerome guy. ​ The real people behind central banks don't even show up in the forbes rich list...they PAY to stay OFF it. ​ That's the kinda smart psychos we dealing with

princess_princeless

Have you considered the fact that they need to PAY their employees? LINK hasn’t taken a cent of VC or external investor funding to create their tech. That is incredible in itself that they’ve managed to bootstrap like this, it also means no solana level VC manipulation and dumping which is nothing like LINK’s relatively stable and predictable liquidations that they actually.. you know use to build the value?

nintendo1889

I sure did, and I bought a car with it, and I paid taxes on a F*CK*NG USED CAR THAT SOMEONE ELSE ALREADY PAID TAXES ON AND I'LL PAY TAXES ON THE SALE OF THE BITCOIN. Seriously, start a bitcoin-only used car dealership, you'll be in a sea of bitcoin ;-)

spooky_corners

And you PAY for it. $1000 setup plus $250/year.

masedogg98

Haha that’s what I’m saying do tell us my friend will he buy our feet pics xD I can hear it now; *“HONEY GET THE CAMERA THERES SOME FUNNY MAN GONNA PAY ME FER MA TOE SHOTS!”*

tyr314159

PAY WITH NANO Instant, no fees

masedogg98

Yes I believe it was like a cordoned off section of heaps of waste like a land fill I’m not too sure I haven’t dug super super deep into all the barrios and comunas yet so my knowledge around the city is limited haha! I do know for sure though that your correct they love him there and appreciate what he did but right again it’s really only there from what I’ve heard and seen but it really is a weirdly interesting phenomenon where the city has such polarizing views on such a controversial topic/period! Most definitely! I don’t plan on talking about it at all there with locals really except for the BTC logo I’m going to attempt to get Roberto to sign lmao Also yeah, yeahhhh it’s certainly possible I saw the tours people were writing about online as a “make your own ___” course lol, at first thought it made me think how smart in a way it is; have gringos *PAY* to make their batch and then break them a sliver off and send them on the way, they’re getting paid 2 times, 1 from their boss and then second from the people taking the tour xD I wonder if it’s a risk aversion technique because technically they wouldn’t be the manufacturers if someone came in it would be gringos? Unfortunately that’s just not my scene brother haha I already get so anxious and like excited but not a good excited feeling in certain situations so I actually get medication for it like a benzodiazepine, the opposite end of the spectrum from that! I don’t think it would mix well with me these days, when I was younger I probably would’ve go on the tour but idk AGC in the hills better to play it safe! If you like that time era (I do too 90s aswell though) then I really encourage you to watch Dom, it’s a Brazilian true story they made into a series you can watch it dubbed in English on Amazon tv or use like the free movie/tv sites and watch it through subtitles that’s what I did haha but it covers the inception of cocaine into Rio de Janeiro and It. Is. Facinating!! It held my attention like crazy, strongly recommended and again keep in mind it’s true :0 Ya there’s been a lot a lot of conflict for sure that’s no denying, for so long as well! It’s had to have made some very strong minded tough people! Every video I see are such kind people and warm and welcoming it’s crazy for so much violence Medellín had in specific and how far it’s came, it’s really impressive to be honest! So yes and no, El Poblado is the most “protected” by like security and guns wise but people can demo and build as they please with proper clearance, but El Prado El Centro is different it cannot be worked on or anything tore down and that’s just what I meant by officially protected I’m sorry I should’ve specified better but also you can get a really good idea of how the areas are by the Strato system 1-6 are it’s rankings and the higher the number in the area the more wealth according to the chart, it’s a neat chart and system how it works I definitely recommend checking into that too! The lower the strata score the less they make annually and also the less they have to pay in like monthly utility type bills, it’s very interesting! That’s super sick I encourage you to go and see the country for sure! I’m antsy preparing for next month or the one after haha! Also I have not heard of it but it sounds interesting I’ll have to add it into my tabs right now to check it out when I get a moment, I have to go run some errands right now but I’ll be back in later!

life762

The United States dollar is backed by "faith". Bitcoin is its own scarce asset created using energy and math. I'd rather my money be based on real things like energy and math than something abstract like faith. Do you even understand what it is to be backed up by the "full faith of the US government?" It means they want you to trust (i.e. have faith) in the stability of the United States federal government and its ability to pay back its debts. But the United States isn't stable, and it can't pay its debts. The United States has been in soft default for decades now. It's impossible for them to be in hard default -- because they have the ability to create money out of nothing -- which means a soft default is as significant as a hard default would be for anyone else. Do you understand what this means? It means the US government cannot pay its debts! I'll repeat: the US federal government CANNOT PAY ITS DEBTS. It's stealing the promise of wealth and prosperity from future generations just to pay the interest on what it owes and to bolster the illusion that America today is prosperous. If you actually understand this, you'll find the premise behind the argument you're interested in to be absurd on its face.

reed5point0

LOL, man I would but they already have a working product which is rare to see in Web3. Not only that, but on top of cloud hosting, they are about to push GPU hosting to mainnet. Much like how we can rent out our hard drive space to SIA or FILECOIN...you can now rent your GPU out for decentralized render farms, GPT hosting and other applications that require such computing. AND THEY PAY YOU FOR IT I'll hold this one for a while, exp while we have a GPU shortage

Raptaki

Man, I swear crypto's #1 tip should be: PAY ATTENTION

Boddis

Reminds me of the gov's covid rules. Don't go out, wait you CAN go out, but only by yourself for 5.7 minutes a day. You can buy a coffee but wait, dont loiter when you drink. Ahh fuck... we'll PAY YOU to go out to restaurants, please. But dont you dare stand up and move from your table.

nomdeplume_alias

I was making sweet interest off of AXS (Axie Infinity Token) and was raking in thousands per month. Then the $600 million $ hack from Lazarus (North Korea) hit. They only needed to phish ONE FREEKIN GUY at Mavis (Axie Inf parent company) and it opened the door for them. The lack of security was un-imaginable. Never trust anyone but yourself. Especially when you think they know what they're doing. AXS price tanked. I lost a shit-ton. I am 100% BTC in cold storage now. Somehow we all PAY to learn about Crypto.

prkr88

Don't you know what's realistic? People had to PAY for shib, moons are FREE.

astockstonk

Look at how many people PAY companies to give away their DNA with no understanding of what the DNA testing company will do with the information.

winphan

I am a 2016 trader so I can definitely name a few. * Vertcoin - VTC * Bytecoin - BCN * Groestlcoin - GRS * Decred * Digibyte - DGB * TenX - PAY * OmiseGo - OMG * PivX * Komodo - KMD

Collectibl3

And to think I let my phone do this for free. PAY UP SAMSUNG

Mr_Bob_Ferguson

>Why the fuck do you loan money from a gang/the mafia and NOT PAY IT BACK Because you are a degenerate gambler who loses what they borrow and can't pay it back.

dont_drink_and_2FA

Why the fuck do you loan money from a gang/the mafia and NOT PAY IT BACK. like what COULD be the outcome huh?

prkr88

No chance🤣🤣🤣 why would people PAY for somthing that is absolutely free. This place is an echo chamber fo sho.

chuck_portis

It's high time the SEC accepts the reality that crypto is here to stay. Stop trying to regulate it to death. Crypto is un-killable. 2022 was the worst year in history for crypto. LUNA/UST collapse, FTX Fraud, tons of bankruptcies, Defi scams/hacks/exploits, stock market in turmoil. Everything went wrong last year and Bitcoin never came close to dropping below $10K PER COIN. It's time the SEC DOES THEIR JOB. PROTECT INVESTORS. You are not here to decide if an industry gets to exist. You are here to PROTECT INVESTORS. START DOING YOUR JOB OR HIRE SOMEONE THAT WILL. You were busy wining and dining SBF, the absolute worst character in the history of the crypto space. You missed the biggest fraud of all time. All while giving Coinbase, Kraken, Binance shit over minor issues. Find a better way to identify these frauds. Proof of reserves, proof of customer asset backing, proper audits. There are ways to do this shit correctly. The days of trying to just make the industry disappear need to STOP! Accept that you were wrong and START DOING THE JOB THE TAXPAYERS PAY YOU TO DO!

FattestLion

let me fix his response for you: >"I actually believe the technology is fantastic BECAUSE I AM ABOUT TO LAUNCH A BITCOIN ETF AND I NEED EVERYONE TO BUY IT SO I CAN EARN SOME HUGE FEES AND THEN PAY MYSELF A HANDSOME BONUS"

ThrowawayHoper

People PAY for this, suckers - more money to buy high

Organic-Date

*Doesn’t say taxes once* “PAY YOUR TAXES!”

benditbackwards

Yup,that move is called a Reverse Cramer, it has worked for many with his stock picks too! They are such scammers over on CNBC, they even got suckers to PAY them a monthly subscription so Cramer can feed them his bullshit

scottonfire

The straw man is convincing us these things are good while ignoring the fact that the U.S. DID NOT HAVE THE MONEY TO PAY.

jps_

Sure... I'll fill in blanks. Lets say you give me $100 and I give you a poker chip that has $100 printed on the face. And I promise that I'll give $100 to whoever gives me that chip. You and everyone else at the casino. You can wander around the casino all you want, betting here and there, gaining and losing chips.. Then you come to my window and say "here are my chips, I'd like my dollars please". If I have put your (and everyone else's) $100 bills in my vault, then I can give you your cash then and there. That's called "liquidity". And I profit slowly over time by the house's edge. Which we want to be slim, so that folks think they are winning, and have a lot of fun. Because I'm smart, I realize that I can take my slowly gathering profits and extend credit to high rollers. That will allow them to bet more, and then the house's edge means I profit more... so I can multiply my thin but certain profits by lending. And then it dawns on me: I realize that some people aren't going to come back for a while. They are going to play and play. Or they'll keep the chip for a souvenir and maybe have it in a few years. And instead of having that cash gathering dust in my vault, I can be lending some of that too!!! It turns out that lending some of their cash to other people is even *more* profitable than running a casino!! Their agreement to pay back the loan counts as cash. But it's not in my vault and I can't pay folks with it, until the borrowers pay me back. Sure, it's risky because if everyone wants it back, they'll have to wait a bit while I find the high rollers and get them to pay me back. But they're in the casino, and sooner or later they leave. Usually. Now... what happens if there's smoke at the back of the casino and everyone comes rushing for the door, and line up at the teller wanting their cash back? And what if the folks who owe me money are what caused the fire, and are rushed out of the casino in an ambulance all crispy and black, and can't pay right now. Or maybe not ever... we don't know yet. Now I have a problem. Since I owe you your cash, and I don't have it, I am now "illiquid". You and everyone are lined up waiting for your dollars, and if you will just wait long enough I can get them back from the dudes in the hospital, but you are not patient. And this being the Wild West, you threaten to break my kneecap unless I PAY YOU NOW. But it's the Wild West. And there are high rollers. I can fix this by borrowing $100 I owe you from someone. And they charge me huge amounts of interest. But since it's my kneecap now versus a cut of the profits later, I take the cut. And you get paid back. Now, I'm operating a casino that's in hock. The guy in the hospital dies, my money's not coming back. I've now got to make up not just the lost profits my boss was expecting, but the lost capital too. And the interest to the loan-shark. So instead of just lending your $100, I lend more. Otherwise the loan sharks who bailed me out will take two kneecaps, not just one. Maybe it works out. Maybe it doesn't. When it works out, I usually don't learn my lesson and stop lending. Instead I learn that it's a good way to goose profits. So I keep doing it. And when it doesn't work out it forces me deeper. Gradually, one bendy part of my body after the other, I get so deep in trouble that there's just no solution. This is how all banks fail, on their own. If we just let them.

Sad_Progress_9117

VetMe OTC DEX launched, coming soon KYC AI, Vetting and Escrow Services. The platform plans to take it into the real world, as in non-crypto companies. It’s a new project but the are making some major progress on partnerships and tech advancements. They also have on their short term roadmap VETME PAY which will allow people to pay using cryptocurrency. I like what they are doing ✌🏻

Rice-Fragrant

I think he ment TAKE HOME PAY and not pretax income.

ArtzysTV

square just added the capability to use TAP TO PAY WITHOUT HARDWARE. with CARDS AND "DIGITAL WALLETS"

Ryuzaki_63

No I don't think so, it would help but not "mass adoption overnight" I recon you could even PAY people to adopt crypto and they still wouldn't We need proper education on it, a much needed ease of use upgrade and more use cases. The only thing that would cause "overnight adoption" would be a MASSIVE push by retail stores taking it as payment and for a lesser fee than fiat - "5% discount if you pay with crypto" etc

N7DJN8939SWK3

As a devout Loopring holder. I love the app and I love the concept of being my own bank. The part I need solved is HOW DO I PAY MY MORTGAGE AND UTILITIES?!

maynardstaint

You start off by assuming that everything the SEC has said is correct. So you’re heavily biased toward statements made that have already been throw in the SEC’s face in court. I thought some counter points might be valid. 1) the SEC has no jurisdiction over crypto currencies. Only congress can give that power, and they have not. Point blank. The point of the lawsuit against ripple is not to uphold the law. The SEC has been admonished in open court that they are not pleading this case with an allegiance to the law. Rather that they are pleading this case with a desire to reach a certain outcome. And that outcome would be, in effect, to REWRITE THE LAW. If you notice, there are no allegations of fraud against either Ripple or Chris Larsen or Brad Garlinghouse. Infact, despite being a case about selling securities, the SEC has not been able to point to ANY SINGLE TRANSACTION in Ripple’s 10 + year history and say “this is the problem right here your honour” The point of the lawsuit is twofold. Firstly, the lawsuit itself is a weapon. The sec was warned by their own internal review that that the lawsuit would cause undue harm to investors and yet they went forward anyway. (Directly operating against their mission statement.) the only people this lawsuit protects are incumbent banking giants. The exact people who have the most to lose if and when ripple is able to operate inside the US. Ripple openly traded xrp in a fair market for 8 years, under 4-5 separate sec chairs. 2015, Ripple filed a settlement with Fincen, in which Fincen, a US government body, declared that xrp was a digital currency. The SEC approved Ripples partnership with money gram. There MUST have been a lot of paperwork to look at to agree to such a massive deal. They must Then the lawsuit happened? So they And money gram could not operate freely. So they partnered with Stellar. Stellar Is an exact copy of the xrp. Both founded by jed macaleb, With others. So if xrp is a security, xlm MUST also be a security. But no law suits against stellar? Money gram is allowed to partner with them and keep doing EXACTLY WHAT THEY DID WITH RIPPLE. The second point of the lawsuit was to delay xrp adoption. And this has happened inside the United States. 2) Xrp tokens. Ripple labs DID NOT CREATE THE XRP TOKEN. A group of founders premined 100 million tokens, and then gifted them to Ripple. Xrp tokens are held in escrow by a third party. Ripple has no access to these tokens. They are controlled by an algorithm that unlocks 1 billion per month. For the last 12 months Ripple has sold approximately 17% of these tokens, and then placed the remaining 83% BACK in escrow. I believe this escrow system to be the most responsible action any crypto ceo has taken. Every person can track all the coins, when they are realized, and when they are returned to the escrow. And the new release date. This is literal proof that Ripple CANT dump on the market. https://t.co/6WPmhRS6Qm The ONLY information I can find about how many tokens the Ripple ownership owns is about one person. Chris Larsen. And he is said to own 5.1 billion. Jed Macaleb was given 9 billion, and has systematically sold them since his departure from Ripple. And he has sold them all, i believe it was late last year that he sold his last tokens. So I would like to see the amounts you’re taking about. Also, I would like to see a comparison of ownership holdings of the top 20 coins by market cap. How many eth does lubin hold? Or Buterin? How many Ada does hoskinson have? How many tron does….. well. Anyway, simply saying they have a lot doesn’t mean anything by itself. Does ripple sell xrp to make money? Yes. Which protocol doesn’t? Plenty of videos of Joseph lubin or Vitalik Buterin bragging about how many they sold “so that gives us a much longer runway” The difference I see is they ripple will tell you how many tokens they have, and how many they sold. The enterprise ethereum alliance will not tell you. Is NO ONE worried how many eth joe lubin actually owns? I’m not shitting on eth, just asking a completely rational question. The appearance of a double standard when it comes to the laws and how they are enforced can not be understated here. I will not go into any of it, but search ethgate on YouTube and you will have a long list of potential starting points. 3) securities One of the most important points about tokens being securities is that they require an investment contract. And the Supreme Court has upheld that very fact over and over since the Howey ruling. He sold shares in the orange grove, and promised profits when he sold the oranges. The issue was the packaging of the sale. Not the oranges. So the same logic has to apply to tokens. First, Ripple does have securities. Its their stocks. And they’re registered with the SEC and only for sale to accredited buyers. Second, if token sales violate securities law, which sale, and why? The sec has declined to explain on both counts in court. Instead they have said that town sales IMPLY an investment contract. That’s fine, until you start asking a couple of very minor questions. What do they owe me? If I have a contract, I’m owed something. What is it? How do I force them to give me what I’m owed if I can’t show a judge what it is that they’re supposed to DO, or PRODUCE or PAY? What are the terms of the contract? How can I prove they are in breach of this implied thing? Another ruling the Supreme Court has upheld is that an investment contract requires BOTH an INVESTMENT and a CONTRACT. And a token sale has no contract with Ripple itself. The next point is an investment into a common party. Just because I want a token to go up in value does not mean that I have entered into a arrangement with that company. It doesn’t even mean that I know who or what ripple is at all. Just because our interests align, it doesn’t mean we are relying on each other. The xrp token fails the Howey test in so many ways. The judge in this case is very knowledgeable and seemingly quite fair. I would be very surprised to see her align 100% with the SEC. Very easy for both parties to get big Wins at summary judgement, both sides ultimately getting a positive outcome, and then fight over the smaller stuff in court.

RonPaulWasR1ght

I own both Bitcoin and plenty of physical precious metals. The precious metals I own run the full gambit, from gold to silver, to platinum, palladium and rhodium. I've got them all, have owned some since as early as 2010, have owned Bitcoin since 2020. I'm ready to conclude that precious metals are NOT the way to go, and Bitcoin IS. The reason is severalfold: 1. People just don't like the beauty, tangibility and utility of precious metals like they did in the past. While they're shiny and pretty, they're just not "money" anymore. Silver was basically made non-money back in the 1800s actually, and really excluded from that usage when gold only backed the dollar in the 1920s. All pretense of it was of course lost in 1971. 2. The younger generations, Gen Z and Millenials, are just now starting to enter the workforce in large droves. They are just now starting to inherit, save and earn money in large amounts. They are NOT interested in a bunch of shiny metals, I'm sorry to say but they are NOT. I can confirm they are the digital generations, and they want money that can be sent quickly and easily. And that's not precious metals. 3. PMs have too much spread, fees and other inefficiencies, to their purchase, ownership and sale. They literally are only good if you buy them, hold them for many years, and IF they keep up with inflation (which they have NOT been recently), and IF you can somehow wriggle out of the cap gain tax on them (and that is hard to do). They can NOT be taken across borders easily, you have to pay a massive tax which makes it not worth it any more. They just, are SOOOOO "yesteryear". 4. I'm an observer of people. I've observed the gold- and silver-bugs. I've observed the Bitcoiners. The Bitcoiners are hip, new age, they make sense and are logical. This sub is kept clean, free from "low effort posts" and well on topic. The r/wallstreetsilver sub, on the other hand, is full of a bunch of envious, super-jealous quacks who allow Bitcoin to live in their heads rent free. In fact, I'd actually say that Bitcoiners live in their heads, and THEY PAY the Bitcoiners rent just to stay there. I've had people on that sub tell me that when the SHTF, I'll be using a silver coin to buy food from an Amish farmer. Yep. That's how out-of-touch they are. Shit man, I don't even know any Amish farmers. No Bitcoiners would EVER tell you dumbass shit like that with a straight face. 5. Look at what scares the powers that be in our government. Are they worried in the slightest about gold or silver? Are they concerned that Palladium is going to replace the dollar? Lawlz.....no, they are not. But what are they terrified of? Elizabeth Warren can't stop shrewing about the "dangers" of crypto and especially Bitcoin. They are ringfencing Bitcoin and shutting down banks who do biz with it. Are they shutting down banks who do biz with PM companies? Not on your life. These people TELL YOU what the critical asset is, and that's Bitcoin. 6. Look at the intransigence of the silver and gold pushers. And yes, they're a bunch of pushers. They're either like Peter Schiff in that they want to sell you the metal or sell you their books. Or they're like Andy Schectman and they own a silver mine and need people to buy it off of them and they're just doing a big sales pitch. For HOW MANY FUCKING YEARS have they been saying "Oh, silver is gonna shoot the moon any minute now!!!!"??? It's been decades my friend, and NOTHING happens. And I do mean nothing. Meanwhile the Bitcoin NGU is crazy. 7. They increase the world gold supply by 2% annually just by mining it. Mining techniques get better with technology and they mine far more gold and silver every year. You have to think, if gold and silver ever actually took off in price, those mines would crank it out at uber speed. So....they're NEVER GOING TO SHOOT THE MOON, because supply would just crank up. But that is not the same with Bitcoin. With Bitcoin, more resources put into mining it gives you the same Bitcoin, and the halving will be here regardless. I could go on and on and on. But suffice it to say: Yes. Unload that worthless metal and stack sats. You'll be glad you did. And again - I own a decent stack of both. And I will never sell my last silver bar or my last gold coin. Always keep some around. But, the future belongs to Bitcoin. I'm convinced of that.

Roy_Playz

US GOV: crypto isn't real money Also US GOV: we're going to tax your crypto so PAY UP

UrektMazino

And btw remember: "*NOBODY IS GOING TO PAY A SINGLE PENNY FOR THIS!*" Wich translates in: "*We're simply going toprint that cash so that you won't pay directly but you'll still pay in the form of inflation, but we're confident you won't notice cause we think you're dumb!*"

Fermi_The_Morius

The problem I'm posing to you is not one of "will people accept BTC" - everyone should, by this logic. But NOBODY should PAY with a commodity that CANNOT deflate. Even with Gold, a new vein could be discovered. But there are 21bn BTC and for any one individual, the more you have, the more leverage you have in all other circumstances. By that logic, decreasing the amount you have for any reason loses you more the longer your timescale is.

Creepy_Procedure9628

Thats the thing about eve online and why its great. You can sink a lot of $$$ into it, but it requires YEARS for your character to level up its talent points to become better at flying ships. Its a good way for the game to make money while catering to those people who hate "PAY TO WIN" games.

Cleynn

Kidding aside, if you have unpaid bills they should take priority over investing, you should take profits asap and pay them, PAY YOUR BILLS

CryptoBombastic

“Day 30. Another old timer passed away. His last words “rocket emojis need to be faced downwards”. I’m showing signs of SECsism without fully noticing, catch myself yelling at random.. need to pay close attention to my condition…. PAY UP!

Just_M3nU

Only use for banks or can be for peasants too yah? Is Venmo/PYPL, AAPL PAY will get effected by this?

DatBuridansAss

under the rules of Bitcoin, A and B can create a smart contract, where each person locks up some amount of bitcoin indefinitely. Once they do this, they can send BTC back and forth to each other instantly without fees and without broadcasting the transaction to any other node. This arrangement can be called a "channel." You can imagine someone setting this up at the beginning of football season, and the channel is a way to keep track of all the running bets the two people make during the season. So at the beginning, each person locks up .01 BTC. After the Superbowl, one of them has a balance of .0175 BTC, and the other guy has .0025. The channel gets closed (mutual decision) and the BTC gets unlocked and sent to its respective owners. Hopefully that makes sense. The important thing is that the money in a channel is able to zip back and forth an infinite number of times without cost. The only on-chain transactions are opening and closing channels, and those transactions of course involve waiting 10 minutes to confirm on the blockchain etc. But every time the funds zoom back and forth while the channel is open, it's absolutely immediate and no one else is involved (no miners, no nodes). What's cool is that you can connect open channels, like 6 degrees of Kevin Bacon. They say that everyone on earth is connected in six degrees or less. So I don't know you, but I might know someone who knows someone who knows someone who knows you. Lightning Network uses this fact to create faster Bitcoin payments. How? A and B have their open channel, and B has another channel he opened with C. And C has an open channel with D. On Saturday morning, A heads over to the farmers market. It turns out that D, whom A has never met, sells little bottles of hot sauce. The booth catches A's attention, especially because it has a little sign that says "⚡PAY WITH LIGHTNING⚡" and he decides to buy a bottle. How does he do it? Does he have to open a new channel with the farmers market guy? No that would be insane. All he does is send some money over lightning using existing open channels. The network figures out a route. So money zips from A to B, then from B to C, then finally from C toD. It's all instantaneous, and the only cost involved is the tiny toll you pay to use each channel. It is usually less than a penny. Because of the Kevin Bacon thing (I hope this is still a relevant reference), it's now possible to send a payment to practically anyone in the world, and it's still just getting started. There are companies called LSPs (lightning service providers) whose whole business is providing liquidity and connections to facilitate these layer 2 payments. Expect banks and other institutions to get involved over the next 5 years.

JuliusEasier

Crypto rewards credit card. The secret is a staple of life….DONT SPEND MORE THAN YOU CAN AFFORD TO PAY. Point being, the card must be paid off every month or the interest fees will wash out the rewards by strokes of magnitudes.

SwordfishFirm5326

WtFuck is NEO. If you ain’t talking ant shares hang up the line….. Also hit some home runs with KIN, PAY, and EOS

Dkafamus

Don't be an idiot. Cash out AND PAY THE FUCKING TAXES! 100% of zero is always worse than 50% of profit.

Classic_Ad3154

Unfortunately, that is why the current world powers would try to regulate Bitcoin away; if yo take countries and people out of poverty YOU LOSE CONTROL! PAY FOR OIL, GOODS AND SERVICES WITH OUR DOLLAR OR ELSE. BITCOIN IS A THREAT FAIR. FAIR TRADE IS NOT THE OBJECTIVE OF THE G7.

R0Y-BATTY

Yes you buffoon - he’s implying a situation where he can spend it as he does cash, if not there would be no question to ask BECAUSE AS PER TODAY HE’D JUST HAVE TO SELL THE BITCOIN AND PAY WHATEVER THE TAX WAS IN HIS NATIVE COUNTRY. My god how is that so hard to understand?

arlsol

Paying for a bank to just hold your money should also not be a thing. If they want to provide some actual service for fee then ok. But banks are supposed to PAY YOU to attract your deposits.

Antana18

Reddit would over night become one of the most sought after News Outlets, social media platforms and freelancer platform over night - they should not underestimate the medial pull from such success stories! TEAM REDDIT PAY ATTENTION!

Every_Hunt_160

Hold up, you mean there are actually cointelegraph articles that people PAY for?

urug99

Right, legal tender is different than a business/vendor agreeing to take USD. Very different indeed lol. I can't speak as to whether or not people in India will accept USD even if it's not legal tender, but again even if 100% of businesses in India do, that doesn't mean shit for the other countries. Fact is, you might be able to get by in some countries with USD, others you will need to convert it (which is usually pretty easy but point stands). I don't get why gains tax eludes you. IF YOU GET PAID BY AN EMPLOYER IN BITCOIN, YOU DON'T PAY GAINS TAXES (unless there are gains! duh lol). So you are right you don't pay gains tax when you get paid in USD, because there are no gains lol. No gains = no gains tax If I gave you $100 as payment, you have to pay taxes on $100. If I gave you $100 worth of bitcoin, you also pay taxes on $100. If you're bitcoin stays at or below the value it was when I payed you, you don't pay gains taxes (cuz it lost value). BUT if your $100 of bitcoins turns into $1,000,000, then you got to pay taxes on that cuz you gained money. Gains taxes is paid on GAINS. This is very simple.

DatBuridansAss

under the rules of Bitcoin, A and B can create a smart contract, where each person locks up some amount of bitcoin indefinitely. Once they do this, they can send BTC back and forth to each other instantly without fees and without broadcasting the transaction to any other node. This arrangement can be called a "channel." You can imagine someone setting this up at the beginning of football season, and the channel is a way to keep track of all the running bets the two people make during the season. So at the beginning, each person locks up .01 BTC. After the Superbowl, one of them has a balance of .0175 BTC, and the other guy has .0025. The channel gets closed (mutual decision) and the BTC gets unlocked and sent to its respective owners. Hopefully that makes sense. The important thing is that the money in a channel is able to zip back and forth an infinite number of times without cost. The only on-chain transactions are opening and closing channels, and those transactions of course involve waiting 10 minutes to confirm on the blockchain etc. But every time the funds zoom back and forth while the channel is open, it's absolutely immediate and no one else is involved (no miners, no nodes). What's cool is that you can connect open channels, like 6 degrees of Kevin Bacon. They say that everyone on earth is connected in six degrees or less. So I don't know you, but I might know someone who knows someone who knows someone who knows you. Lightning Network uses this fact to create faster Bitcoin payments. How? *A* and *B* have their open channel, and *B* has another channel he opened with *C*. And *C* has an open channel with *D*. On Saturday morning, *A* heads over to the farmers market. It turns out that *D*, whom *A* has never met, sells little bottles of hot sauce. The booth catches *A's* attention, especially because it has a little sign that says "⚡PAY WITH LIGHTNING⚡" and he decides to buy a bottle. How does he do it? Does he have to open a new channel with the farmers market guy? No that would be insane. All he does is send some money over lightning using existing open channels. The network figures out a route. So money zips from *A* to *B*, then from *B* to *C*, then finally from *C* to*D*. It's all instantaneous, and the only cost involved is the tiny toll you post to use each channel. It is usually less than a penny. Because of the Kevin Bacon thing, it's now possible to send a payment to practically anyone in the world, and it's still just getting started.

Vipu2

I also dont think there should be some "wealth equality" but I think the floor for the poor should be lifted from having literally nothing to poor having the basic needs needing to live, like having place to live in, food and water. There is enough food in the world to feed everyone but the extra is thrown away for whatever stupid reasons because YOU DIDNT PAY FOR IT SO WE GUARD THIS TRASH HERE ON FLOOR SO YOU DONT TAKE IT!!! And there is enough space to build housing but the overlords who decide about that block it with all kinds of rules and laws so there is always high demand for housing to get the most money out of it.

EpicHasAIDS

*Had Celsius simply held onto the collateral, kept a 100% reserve (or close to it), and ran their operation using their part of the loan interest, I think they could have succeeded.* I'm going to try not to be insulting but explain something to me. How in the fuck was Celsius going to keep 100% reserves AND hold the collateral AND MADE ENOUGH MONEY TO PAY THE IDIOTS 14%+ while still making money for themselves? Seriously explain to me a BUSINESS MODEL that will safely pay someone 10X the risk free rate of return, allow the company to make money and not take large risks. Illegal drugs is probably the only one. Simple idea, if someone is paying you 10X the risk free rate... its risky. That's the entire point.

skyvina

bro polygon foundation has to PAY projects to use their blockchain they are doomed to fail

EarningsPal

Biggest threat is the price. 1. If it can be crashed sufficiently and gets too concentrated the network effect could be lost. 2. Miner incentive gone for too long. Although all miners won’t stop, the network may weaken to much and loose security and momentum. Bitcoin must PAY electricity to exist and deliver its value. POS networks dropped their energy usage to be a non-factor in their longevity (unless POS is a fundamental flaw they only Time can reveal) Can it be that POW and/or POS has a fundamental flaw in the long run. Maybe it’s like the rounding error of some imaginary math. It works for a while but there comes a point where you just have to start making up characters to place hold unknowns until later in the calculation. Based on fiat, we don’t know if the time needed to reveal a flaw is so long that it technically solves the human issues of that time period and destroyed in a later period.

IamRedditsDaddy

FUCK YEAH MY GUY! I CANT WAIT TO BE ABLE TO PAY FOR GROCERIES WITH CRYPTO! I'm sure every retailer will TOTALLY trust their employees to not give out newly generated wallets they themselves own.

shmellyeggs

Spoiler alert - NOBODY WANTS TO PAY FEES.

skyvina

polygon is doomed if they need to PAY projects to build on it.

mammoth61

No no, see that’s the point. You have to PAY for your Democracy. If it were free, it wouldn’t be capitalism. /s

AlphaRustacean

All of crypto is a scam. Most are Ponzi schemes. Crypto has nothing backing it. It exists as a purely speculative asset. While it's compared to gold, it isn't gold. Invest in a fiat currency and the value of that currency is, beyond market spec and inflation, tied to the relative performance of that countries economy versus all other countries economies. Gold has use value outside of it's rate of exchange as well. Thus gold will always have some kind of exchange value over zero, because industry still uses it in both industrial, commercial, and consumer grade products. PoW only has value when sold, it only generates value based upon it's selling price, to remain a sound investment, you need to find someone willing to pay more than you did (bigger fool). Most people currently invested in BTC and other PoW will generally not buy coin for much more than the DCA of their current holdings, if they are smart. Rather they are more likely to sell with increases in the exchange rate (or hold for a better price). This requires finding new investors willing to buy in to fund older investor sell offs. Similar to a pyramid scheme. Complicating this, minters/miners are a necessary part of the ecosystem, and they MUST sell, because they have to pay the cost of mining (energy/hardware). Similar to how the issue of fiat currency creates debt, miners have a position which guarantees deflation of the asset value. During growth spirals this isn't a problem, since miners can generally make enough to pay their costs. Should the asset drop in relative value miners have to sell more of their holdings to make their costs, which further decreases it's value, as it's flooding the market with more coin that NEEDS to sell. Basically Weimar Germany and the German Mark. Historically very analogous. The Weimar republic owed debts to other nations IT MUST PAY, it did so by increasing the supply of money (printing), this led to hyperinflation, or extreme devaluation of the German Mark. This might be good for investors up to a point, dollar cost averaging, but as miners drop out, the system becomes less stable and more prone to a PoW 51% attack. This gets a little more technical. Miners in the early days could have been anyone. It was easy to be decentralized because even home computers, so long as they had decent processors or, more importantly, decent video cards, could mine, potentially profitably. As the relative rewards have grown smaller, most home grown ops dropped out due to market pressure (cost of electric/hardware). This is analogous to early capitalist industries, such as automotive at the turn of the 20th century, where anyone with some specialized knowledge and hardware could build a car and sell it (Henry Ford building a car in a barn). However, over time as industries grow larger and build more cars for less money (increase in productivity, economy of scale), it becomes harder for market disruptors to enter the marketplace, since they need far more capital to do so and expect to be remotely competitive. There's also mergers and acquisitions that tend towards Monopoly (general motors, Chevrolet, Buick, Cadillac, Pontiac, most of these were separate competitors at one point.) The recent debacle of professional crypto mining firms going bankrupt is a bad portent. This leads to greater consolidation and monopolization, dare I say, centralization? of proof of work crypto. Again, one firm reaching 51% hashrate is all it takes. While the mechanics under proof of stake are a little different, they are not vastly different. The truth of the matter? Crypto is just as centralized as any fiat currency, or it will be over time. The difference is it will not benefit from any kind of government oversight, however lacking that oversight might sometimes be. Worse yet, it has no use value. There's an argument Milton Friedman made against the labor theory of value. Mud pies. Crypto is a mud pie. It has no use value, and unlike other means of exchange, like fiat currency, it has no fundamentals tying it to things with use value. It's not decentralized, it has no intrinsic worth because it has no use value, it's not tied to anything that has use value. It's a flash in a pan. What it is though, is an opportunity for tech capitalists to try and undermine conventional banking systems and create their own 'banks', crypto is a cold war being waged by tech money against global finance. It's simply a weapon the rich are using to attack some other group of rich. If you aren't a capitalist, of you don't own capital, you are a soldier and future casualty of this war. I wish you all luck and it's entirely possible I'm dead wrong, but I wouldn't invest a cent in crypto at this point.

Z3LS3

It’s harvesting. Depends where you live obviously but here I’m allowed to use losses to write off up to $3,000 a year in income, lowering my “taxable income”. This is helpful if you’re in a high income tax bracket, which I’m not, so It wouldn’t help me. They cap the write off amount at 3k, whereas obviously there is no cap on the amount you PAY in capital gains tax when you profit.

Guru_Salami

In Australia its PAY ID,links you phone number or email to bank account. Its free and instant ​ Much easier to use compared to crypto

BrianS911

And I am truly sorry that you could play a creature from a fantasy movie,Shut the f UP AND PAY PEOPLE THEIR HARD EARNED MONEY!!!!!!

RedOctobrrr

- SBF to Kevin: here's $15mil, shill my shit - Kevin to SBF: deal - FTX to Kevin: lol whoops that $15mil we talked about... It's gone. - Angry Redditor: KEVIN SHOULD HAVE TO PAY BACK THE $15 MILLION REEEEEEE

FractionofaFraction

"PAY ATTENTION TO MEEEEEEEEEE!" - C. Hoskinson Esq, Dec 2022