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The world has changed a lot since Bretton Woods. If Mist's doom and gloom scenario is an oversimplification of how easily the US would collapse if BTC became a global reserve currency, your post is an overly optimistic view of why a collapse wouldn't happen. US ally status is still important...

Well Mist, you paint a pretty grim picture. Sounds like all Americans should be rooting against Bitcoin...

Describe what you think would change in America if the world began adopting BTC as the global reserve currency.

I see. I think you might be misunderstanding capitalism though. A certain amount of disruption is a byproduct of capitalism, but disruption definitely isn't the "point" of capitalism. The point of capitalism is pretty straightforward: let the best man win. Allow consumers the freedom to...

What the hell does "poorly controlled creative destruction" even mean?

Yep, concur. Good movie, great concept. Last 5 minutes were inconsistent and inexplicably unnecessary but didn't ruin the movie or anything. Worth watching. We need more movies like this: low budget, small scope, cool concept, no big, super expensive actors, but generally well-written and...

Ironically, this is the one thing Trump and Clinton agree with each other about.

BTC and ETH always go back up, and when they do, they go even higher than they did before. No need to sweat those. Shitcoins? Those are just as likely to disappear completely. Feel free to sweat those.

I don't think they'll be able to get Philip Seymour Hoffman...

Crypto is happening man. Hope you have some

Some form of retracement is definitely necessary for a healthy bull run. If it just goes up and up and up without a little consolidation it's no good. Then you get a real crash like we had in March.

As long as you think the one doing poorly is going to eventually do well, then that's exactly what you should be doing.

Not sure anyone is claiming that Floki or Gate.io is the future of money.

Holy shit. Thanks for the heads up.

BTC knocking on the door to 70k tonight :emoji_eyes:

Yeah, we went back and forth a little about this in the Spring. I'm sure some of the energy used to mine BTC is "green" but I'm also sure a lot of it isn't. Common sense tells you that many people (most people) are going to use whatever energy source is the combination of cheapest/easiest in...

Yeah I might be too cautious about giving up my DL. /Shrug. The fact that it's totally unnecessary weirds me out a bit. And obviously identity theft is a pretty significant problem. Did you at least get your Floki off the exchange @Tmac ?

They require a DL to xfer coins from their site to a wallet? That seems... Excessive

That argument only works with BTC and other POW coins.

What do they require to confirm? I know some places ask for a bunch of stuff I wouldn't want to give...

If you manage to get your Floki off Gate and into a trustworthy wallet I'm going to follow your lead.

Lmk if it works. And how much it costs since I know you track that shit Edit: Also, has anyone who has used Gate.IO tried to get their funds off the site? I read a ton of complaints from people claiming their funds are stuck or missing.

Which one? There are dozens that claim to be Elon coins.

I'm personally still very big on VET. Pretty ingenious duel-token system.

You couldn't just swap the Algo to Floki directly? Just wondering

That was me, switching my funds from ETH to BTC

I'm honestly done trying to move ETH on and off metamask. Not worth it

Yeah I've got good reason to believe it's going to follow Shibs pattern. If I send the BNB to metamask am I going to have to pay hundreds of dollars to transfer it to Pancake swap?

In addition to Truebit the other coin I was going to mess around with was Floki*. I know some of the people here have bought Floki. It looks like I'd have to go through kind of a similar process that I tried with Tru, so I'm pretty hesitant. Tell me if I've got this right: 1. I need to buy...

Truebit would help with this too I believe. Too bad I can't buy it 🙄

Yeah I mean I can't even move my money off meta now. Gas fees are so high no transaction works and every failed attempt reduces my balance by roughly $10. I'm now down to $50 and I'm just going to stop trying. Glad I only lost $100.

Welp, finally decided to mess around with metamask and I can see why people are saying the system is unusable. -Bought $100 of ETH on metamask to test things out. After various fees, my $100 is reduced to a balance of $93 (which isn't terrible). -Attempted to swap the ETH into TRU but the gas...

What people seem to have a hard time grasping isn't the concept NFT's, it's the concept of art. It's very easy to reproduce a painting that is visibly identical to a priceless Picasso and hang it on your wall. What makes the original Picasso so valuable is that 1. it is verifiably unique and...

One day we're all going to be found dead.

I actually think the social media comparison is pretty accurate. Keep in mind anytime I talk about this stuff I almost never talk about what I think is "good" vs. "bad." Stuff like that is more of a philosophical question and while I think it's really interesting I try not to let my personal...

I'm sure that's a factor too, no doubt. The two ideas aren't mutually exclusive. It doesn't change the equation. It doesn't matter if adoption comes via sincere belief or just by someone trying to ride a trend. If you are old enough to remember the evolution of how the "Internet" went...

Yeah 100%. I think governments getting involved in crypto was inevitable and necessary for mainstream adoption. Just like I think some regulation is necessary for mainstream adoption. The idea that there would be some populist driven BTC revolution that rendered government influence in...

What do you feel like it is warning you about?

Where is @Flobee This is bigger news than El Sal tbh

When it gets on a major exchange you'll already have missed the best time to buy. As much as I don't feel like learning how to do the swap thing and pay gas fees it's probably worth it.