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MrBayAreaHokie

Joined: 11/05/2005 Posts: 21888
Likes: 10764

What's this?

Do you work in banking?


You have to work in banking to really, really get this. And then, you have to be open to things working differently. You have to accept a money system without a central bank as being possible.

Once upon a time, it was inconceivable to people that you could separate the state and religion. You were a subject to a king and that king convinced you he was a deity and church and state were one. Eventually religion and the state separated.

Money is system of control largely. It's controlled by the gov't, but does it to have to work that way?

Bitcoin is separating money from control of the government. It has value only because people accept it's value, which is exactly the same as fiat money btw.

If you don't get this, you don't get it. My wife doesn't get it either. She says to me once a month, "How much of that fake money did we make this month". IIWII

(In response to this post by GreenvilleVT)

Posted: 04/25/2021 at 6:35PM


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Current Thread:
 
  Anyone on here trading crypto? -- Technocrat 04/25/2021 4:06PM
  It's all FOMO for me. I have some BTC, ETH and EOS. -- 1400E 04/25/2021 5:58PM
  So I have three accounts -- MrBayAreaHokie 04/25/2021 5:54PM
  What is the intrinsic value of crypto? ** -- GreenvilleVT 04/25/2021 4:47PM
  Secure transactions ** -- Technocrat 04/25/2021 6:13PM
  Really? Secure? $1.9 billion worth of -- GreenvilleVT 04/25/2021 6:27PM
  User error ** -- Technocrat 04/25/2021 6:31PM
  User error? Most of the stolen crypto is believed -- GreenvilleVT 04/26/2021 07:42AM
  Same as stock, bonds, etc... -- JoesterVT 04/25/2021 4:55PM
  No I am curious about this. -- GreenvilleVT 04/25/2021 5:28PM
  It's a hedge against your dollars becoming worthless -- MrBayAreaHokie 04/25/2021 5:52PM
  So if dollars become worthless then crypto will -- GreenvilleVT 04/25/2021 6:28PM
  Do you work in banking? -- MrBayAreaHokie 04/25/2021 6:35PM
  I’ve been in banking and capital markets for almost 30 years. -- GreenvilleVT 04/26/2021 07:44AM
  Bankers hate crypto because it removes the middle man ** -- Technocrat 04/25/2021 7:05PM
  Re: Bankers hate crypto because it removes the middle man -- Technocrat 04/28/2021 10:56AM
  Exactly.... -- MrBayAreaHokie 04/25/2021 7:16PM
  Thats my bank as well... ** -- Technocrat 04/25/2021 7:34PM
  You grossly understate the importance of the dollar, its -- 133743Hokie 04/25/2021 7:00PM
  They're not mutually exclusive propositions -- MrBayAreaHokie 04/25/2021 7:02PM
  Look at the daily fluctuations in Bitcoin value! Inflation is real. -- 133743Hokie 04/26/2021 07:38AM
  Why can’t crypto be diluted? ** -- VT Pops 04/25/2021 7:43PM
  BTC limited output to 21 million coins -- MrBayAreaHokie 04/25/2021 8:33PM
  For it to be a legitimate currency for broad usage, -- VT Pops 04/25/2021 10:02PM
  LTC capped at 84M ** -- Technocrat 04/25/2021 8:51PM
  Here's the big "oooooops" -- Coach McGuirk 04/25/2021 6:10PM
  Lol ** -- Technocrat 04/25/2021 6:15PM
  Because the yoo-ess dollar paper money has intrinsic value? -- JoesterVT 04/25/2021 5:39PM
  Seems like that is because the folks who created crypto -- GreenvilleVT 04/25/2021 6:30PM
  Nah. Don’t really understand it enough to invest in it. -- VT Pops 04/25/2021 4:45PM
  Not trading, just accumulating ** -- MrBayAreaHokie 04/25/2021 4:30PM
  I meant that as buying ** -- Technocrat 04/25/2021 6:17PM
  Me too. Buying and holding. Just bought more on this dip. -- Coach McGuirk 04/25/2021 4:52PM

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