Current Events > Economics
Where did Bitcoin come from
Texacon:
--- Quote from: J P Sousa on March 27, 2021, 12:36:51 PM ---One man's opinion;
https://www.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/
#9. The tax situation is a nightmare
:censored:
--- End quote ---
Interesting and informational. Yeah, it’s just an opinion but definitely more food for thought if anyone is planning to invest in Bitcoin.
KC
Workover:
--- Quote from: J P Sousa on March 27, 2021, 12:36:51 PM ---One man's opinion;
https://www.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/
#9. The tax situation is a nightmare
:censored:
--- End quote ---
Same reason I got out of that partnership in just over a year.
old dog 2:
Just a few points about BitCoin and crypto in general:
1. When will the BitCoin block chain encryption be broken?
a. it already has been?
b. next month?
c. 5 years?
d. never?
Don't put your money on never. 1977 DES official federal encryption standard was proposed, initial broken in 1990 and demolished shortly thereafter.
2. Don't think that because banks and financial institutions are involved that crypto is safe or stable. They were all happier than pigs in shit buying and selling sub-primes in 2008.
3. It's tailor made for privately transferring money and that's about all.
4. Wars have been won and lost over broken "unbreakable" codes.
5. In the event of global collapse into chaos you are left with, to paraphrase Sonny Corleone, "I don't want my brother coming out of that toilet with just his dick in his hands, alright?".
6. Money of the future? 223 Remington, 9mm, 45ACP, 22lr.
Eupher:
Money of the future?
I'm kinda fond of 10mm, though I was reminded of how well I could shoot my CZ75BD in 9mm a couple days ago. Changed grips and it really made my day.
Or maybe it's now fully broken in? Dunno. Love it all the same.
But 10mm with a full-sized steel pistol is a marvel to behold.....Tanfoglio and Glock (cough, not full steel, but that's OK with a 6" barrel) do quite well.....
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