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26 March 2023, 01:33 AM | #1021 |
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Using abandoned mine shafts as massive batteries is a good idea I saw recently.
The energy was already spent on the deep hole. Alternators (regen brakes for example) can capture kinetic energy as a mass is lowered during times of need. During surplus the mass is raised using electric motors.
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26 March 2023, 01:43 AM | #1022 | |
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People in subsistence cultures don’t barter with currency. They barter face to face with things. People willing to exchange goods for gold will know it when they see it. |
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26 March 2023, 03:04 AM | #1023 |
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Banks... borrowing at a historic rate!
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26 March 2023, 04:14 AM | #1024 |
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BOA says this is the bubble. Banks. Again.
Can’t imagine this ends well.
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26 March 2023, 05:45 AM | #1025 |
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So this is the beginning of crypto then.
I guess I should own more than $5,000 of bitcoin Maybe I'll buy one singular bitcoin on the next dip. I passed on them at $16 in favor of silver in 2016. Why not pay $28,000 now.
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26 March 2023, 06:01 AM | #1026 | |
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Quote:
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26 March 2023, 06:02 AM | #1027 |
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26 March 2023, 07:07 AM | #1028 |
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Why not just tell me?
I’ll happily do the research but dang, give me the goods brother.
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26 March 2023, 08:41 AM | #1029 |
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Worked with a "prepper" client for almost two years. Fascinating guy...though a bIt paranoid (IMO). But incredibly intelligent in both native horsepower and book/school smarts.
According to his favorite theory, we'd be on two currencies. The first/primary would be gold. The second would be Jack Daniels whiskey. I am NOT a finance or economics guy at all, so only put this forward because it was interesting, as a topic and as his particular point of passion. At first, I was waiting for a punchline. There wasn't one, it seemed. He told me had collected more than 500 bottles (750ml each) of Jack Daniels, and stored them in a converted wine cellar below his home. I pressed him, still thinking he must be joking. He then said, "I don't drink, never have, never will. It's against my personal beliefs and my religion. But I've seen in my life just how badly people want that, and the lengths they'll go to have it. When the system fails, that won't be distilled anymore but the demand will be unprecedented. And if I can't barter 500 bottles of famous American whiskey at that point, it'll mean the world really is ending, so there'll be no use for anything else anyway. And at that point, maybe I'll finally have a drink." Kind of a punchline. I chuckled. A couple of weeks later, at his home, he showed me his cellar. Even though he had the punchline afterall, he also really did have the JD. So maybe it wasn't a punchline. But I'll certainly never forget that. He claimed his was the largest JD collection of any LDS family in Utah, which might just not be a joke. If I happen to be in a certain area of Utah when the shit goes down, I'll know where to get some whiskey, at least
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26 March 2023, 09:38 AM | #1030 |
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The banking system is resilient and banks have ample access to liquidity.
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26 March 2023, 09:41 AM | #1031 | |
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But my supposition is that the BOA guys have insights that you might not have. Your comments are mostly open to interpretation. And open ended. Regardless of how resilient the banks are, doesn’t mean there won’t be pain in the short term.
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26 March 2023, 09:45 AM | #1032 | |
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26 March 2023, 09:46 AM | #1033 | |
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i'm hoping things don't get much worse but i just feel like any headlines from these banks mean nothing |
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26 March 2023, 10:35 AM | #1034 | |
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That said, they are blowing the whistle…on themselves. When the kid is caught red handed, that’s the only time they actually admit fault. I fear this is similar. They know it’s coming. Best course of action is to “blow the lid off it”.
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26 March 2023, 10:39 AM | #1035 | |
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Quote:
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30 March 2023, 11:40 PM | #1036 |
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US agency sues top crypto exchange Binance and CEO, seeks permanent trading bans
The US Commodity Futures Trading Commission (CFTC) yesterday sued Binance, the world's largest cryptocurrency exchange, saying the company and its founder, Changpeng Zhao, are charged with "willful evasion of federal law and operating an illegal digital asset derivatives exchange." https://arstechnica.com/tech-policy/...ding-bans/amp/ |
30 March 2023, 11:43 PM | #1037 |
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Another news source:
Binance Sees $2 Billion in Outflows as Troubles Compound Traders are pulling billions of dollars from Binance as problems plaguing the world’s largest crypto exchange continue to mount. The Commodity Futures Trading Commission on Monday sued Binance, alleging the exchange operated illegally in the U.S. and violated rules designed to prevent illicit financial activity. Last week, Binance announced it would charge fees on spot bitcoin trading again after cutting them to zero last summer. It also had to temporarily suspend spot trading for hours while it fixed a software error. https://www.wsj.com/articles/binance...pound-9a136e21 |
31 March 2023, 02:36 AM | #1038 |
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Lulz... 2 billion dollars.
that's pocket change from the couch cushions. |
31 March 2023, 04:14 AM | #1039 |
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Binance is many times bigger than FTX ever was. Not sure how much bigger because they are a black box, but as discussed previously in this thread, it would be so much worse if Binance was proved to be a fraud or it collapsed.
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7 April 2023, 01:00 AM | #1040 |
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Anyone work directly in crypto? I'm 2 years in with blockchain companies - every day is different and lots of great challenges
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7 April 2023, 02:21 AM | #1041 |
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7 April 2023, 02:25 AM | #1042 |
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Well. I’d say unequivocally that the ftx debacle was certainly NOT the end of crypto. That’s clear.
Exciting to see where it will go. Still not an investor. But interested all the same.
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7 April 2023, 10:38 AM | #1043 | |
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Same. I wish people weren’t so zealous about it on either side. It’s not for me at this time but hope the people with crypto make lots of money. Sent from my iPhone using Tapatalk |
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7 April 2023, 10:44 AM | #1044 |
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I just want to see everyone happy. Dollar ain't doing that.
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7 April 2023, 11:06 AM | #1045 |
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Just a tiny bit better then Tesla at 68.4% (but not much) and not even close to NVIDIA Corporation at 90%. And Meta Platforms did better too at 76%.
We can pick and choose charts all day long to make our horse look like a winner |
7 April 2023, 11:15 AM | #1046 |
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I’m happy at 4.8%. Lmao
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7 April 2023, 11:21 AM | #1047 |
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BTW, if you’re on a Mac, open a Terminal and type the following command:
open /System/Library/Image\ Capture/Devices/VirtualScanner.app/Contents/Resources/simpledoc.pdf If you’re not comfortable with Terminal, open Finder and click on Macintosh HD, then open the System→Library→Image Capture→Devices folder. Control-click on VirtualScanner.app and Show Package Contents, open the Contents→Resources folder inside, then open simpledoc.pdf.
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7 April 2023, 11:28 AM | #1048 |
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7 April 2023, 11:54 AM | #1049 | |
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Satoshi's white paper. Very cool
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7 April 2023, 10:46 PM | #1050 |
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Yes, as an 'Easter Egg' of sorts (and Happy Easter for those who celebrate)...
...every modern Mac OS has Satoshi's white paper. Make of that what you will
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