Coffee Talk V: The Final Battle

[thedddd]

But it's not really legal tender anywhere already. It's being used to trade online. Some companies are saying that they will recognize it and sell legal goods with it (You can buy a Tesla with it, for example. Or deposit/transfer it into accounts at a lot of banks). The value keeps increasing because of the number of places that give it legitimacy.

A government saying "Crypto is illegal" would just be laughed at.

Bodes an interesting question. Said companies would have to rely on each other to value that crypto, if not what value does it hold?
And how would it translate into tangible earnings for the company?

I get saying they would laugh at it if a government would deem it not a form of currency, but if that company is based in that country it could instantly harm the value of that company. There is still risk in that with stockholders.
Another example would be what would stop anyone from creating a crypto? At what point does it become too saturated to hold value, think of it in the sense of a government just printing more money.
Then using Elon Musk as an example, he tosses out a tweet and instantly inflates the value of one crypto vs another. If another company purchased goods prior from the deflated crypto that instantly hurts their stock value. Yet another major risk for that company.

 

[thedddd]

Or deposit/transfer it into accounts at a lot of banks.

Wanted to keep this separate. I am amazed banks are willing to take on that risk knowing government regulations could prohibit the legal transfer.
I wonder how do banks value specific crypto's and do any try and control the value of certain cryto's? Seems like the same thing mentioned in regard to Musk.
Could they have the power to control the value almost to the point it is insider information?

 

[thedddd]

Very normal behavior...

 

[thedddd]

Love it when this happens:

 

[forty_three]

Bodes an interesting question. Said companies would have to rely on each other to value that crypto, if not what value does it hold?
And how would it translate into tangible earnings for the company?

I get saying they would laugh at it if a government would deem it not a form of currency, but if that company is based in that country it could instantly harm the value of that company. There is still risk in that with stockholders.
Another example would be what would stop anyone from creating a crypto? At what point does it become too saturated to hold value, think of it in the sense of a government just printing more money.
Then using Elon Musk as an example, he tosses out a tweet and instantly inflates the value of one crypto vs another. If another company purchased goods prior from the deflated crypto that instantly hurts their stock value. Yet another major risk for that company.

As for earnings, they take something in of a value of x in trade for their product which costs y for them to produce. That thing they now have of value rises to z. They have profited on that difference plus the difference in production vs retail cost. But, like the stock market, it's not liquid value. And the bottom can drop as quickly as it rises.

Expanding on the Musk example. He doesn't have hundreds of billions of dollars of cash. He has hundreds of billions of dollars "worth" of pieces of paper and encryption keys with perceived / agreed upon value. So it's in his best interests to keep inflating the perceived value of both the paper and the keys. He gets to a certain percentage of "profit" in any of his investments, then he will transfer them to more "stable" pieces of paper and encryption keys.

Wanted to keep this separate. I am amazed banks are willing to take on that risk knowing government regulations could prohibit the legal transfer.
I wonder how do banks value specific crypto's and do any try and control the value of certain cryto's? Seems like the same thing mentioned in regard to Musk.
Could they have the power to control the value almost to the point it is insider information?

Yes, and it's easier to get away with than it is when they do it it on Wall Street due to the lack of regulations.

Same as any other market. Buy for a dollar, sell for two.

Very normal behavior...

The reason they want the mistrial. Both sides are gonna go apeshit.

 

[forty_three]

They just censured Paul Gosar and removed him from two committees he sat on.

Probably have enough cause to expel him from Congress.



In case you were wondering all but two Republicans in Congress are completely okay with death threats to other members.

 

[dash]

They just censured Paul Gosar and removed him from two committees he sat on.

Probably have enough cause to expel him from Congress.

They should do it Ari Gold style...

 

[mooger_35]

Very normal behavior...

“Black lives don’t matter” would describe his stance more accurately.

 

[thedddd]

They just censured Paul Gosar and removed him from two committees he sat on.

Probably have enough cause to expel him from Congress.



In case you were wondering all but two Republicans in Congress are completely okay with death threats to other members.

Gee not shocked.

With that said Joyce from OH took the weasel way out by voting present.

 

[forty_three]

America:

Majority Of Americans Want Supreme Court To Reject Texas’ Extreme Abortion Law

A new poll found that 65% of adults don't support the Texas ban, and 60% want the Supreme Court to uphold Roe v. Wade.

www.huffpost.com

Republicans:

 

[scoutyjones2]

That's a long time without his organic chicken nuggies

Hopefully someone gets to shaman their nuggets up his ass

 

[mattola]

Hopefully someone gets to shaman their nuggets up his ass

Bullseye is the only appropriate reaction

 

[thedddd]

Bullseye is the only appropriate reaction

 

[thedddd]

What an assclown! He is making it out like he is the victim.

 

[dash]

What an assclown! He is making it out like he is the victim.

Jim Benning is more articulate addressing the media than this judge.

 

[forty_three]

Gosar retweeted the video AFTER being censured for sharing it once already.

 

[thedddd]

Ohio is trying even harder to become Florida

Ohio Medical Board renews license of Sherri Tenpenny, doctor who claims vaccines make you magnetic

Dr. Sherri Tenpenny is among the most prolific disseminators of COVID-19 misinformation on social media, according to the Center for Countering Digital Hate.

www.cincinnati.com

 

[thedddd]

Today's conspiracy comedy.

 

[thedddd]

Imagine going through life triggered by puppets

 

[thedddd]

In Butthead news....