Luke

Yeha i am also just pissed and made a lot of mistakes last few years (that havent caused any dmg but opportunity costs were huge)...tencent is still better than exor...at least i see more in tencent...also hard to find alternative (maybe CSU is something where one can allocate with good feeling)...

Just Brutal and the exact opposite of what he promised...

But Spek - the courts are bought. The judges are bought by libtards and democrats!! If they would have properly read the law than they would have sided with trump but they didnt not and trump did read the law fully...we need the tariffs to fight back against all the countries that take advantage of us like china or now canada where they soon will no longer be able to play ice hockey anymore...thank you for your attention to this matter. LUKE.

Trump is no different than the local guy at the fishmarket with his tariffs haha

Yeah its so funny that you can literally break the law - then it takes a year to check if that was actually illegal or not. Then you have the results and then you do something else which takes another year to be checked...talking about a functioning state of law...i guess 50% wanted a dictator anyways so i see already celebrating that Trump can just do what he does to make the US "great" again...

Its okay to own bitcoin and defend Bitcoin owners but its also okay to point out the flaws in the thesis without needing a lecture from Gregmal about returns. And i would have never expected from you to defend this thread the way you do but as i already said, everyone has their own development and thats also for everybody to see on this board....

Lol my portfolio is up 100% the last 3 years so feel free to insult more Is gregmal now also long Bitcoin

You know what Buffett and Munger said regarding Bitcoin - you could have made the same money investing in actual producing assets. If you want you can invest in women underpants or whatever suits you but for my liking id like to stay with real assets and i think the majority on this board is more interested in businesses and not cryptocurrencies which indeed generated a great return over time which furthers the illusion of investing in something real.

And we are on a board to discuss investments and businesses. We can close the board if we just hold gold or BTC xD

We are on COBF - why not buy businesses instead of Gold?

@wachtwoord If you define freedom as the absolute right of the strongest asset holder wins at all costs then you are delusional in thinking this kind of system leads to a stable and peaceful society for the average citizen. It will be a shift from state opression to private capital opression that is accountable to NOBODY and there are no institutions to access it. So its basically a feudal system where early adopters already hold the capital - exactly the same as with the origins of states in feudal societies. You will also destroy upward mobility because young people who want to start a business or buy a home must borrow bitcoin which - because of structural deflation - will become harder and harder to be paid back in the future creating a debt peasant class where workers can never outrun the increasing value of their debt! No more social contracts where democracy can demand change, safety nets, stimulus, tax reforms etc. Just the code and the private owner is the absolute law...you are creating bitcoin fuggers. Imagine a child born in 2050. 99% of bitcoin is already hoaarded by the people who got "in" between 2009 and 2014. These new lords dont have to produce anything, they simply sit on their digital gold while its value increases due to labor and productivity of everyone else. The value of debt will increase over time because the bitcoin demand rises with population and productivity growth so how does a young entrepreneur ever move up? If i start my business tomorrow with 1BTC i am signing a contract to be a permanent slave to this asset because its becoming more expensive and harder to acquire every year...upward mobility would require credit and the ability to have savings but in a bitcoin system the winners were already picked between 2009 and 2014...so a child born in 2050 will be a slave working for a currency they will never own in any significant amount because of structurally different headwinds than with the USD. Now imagine a child born in 2026 with the USD fiat money. With 2% moderate inflation i borrow 100k to start a business. The debt shrinks every year and i am paying back the bank with cheaper dollars then i borrowed. Inflation also pushes up the nominal value of assets slowly over time like my financed home or factory while mortgage remains fixed. Thats how the middle class can build wealth slowly over time. Banks can print the credit to fund people easily which creates way more economic activity (you would argue it would create zombie companies but look at how much wealth and growth was created since fiat was introduced...that would never have been possible with bitcoin). If our bitcoin lords would not lend at all and decide to keep 15million btc in cold storage to be king then there is no credit available for the next generation. You create an aristocracy. BECAUSE cash loses value the wealthy are forced to invest it into the real productive economy to stay ahead of inflation...with bitcoin the smart move would be to do nothing which will lead to stagnation, liquidity traps, huge unemployment, social chaos and the end of the world as we know it.

Election manipulation and oppression existed long time before fiat and central banks...they were enforced by private creditors or feudal lords who held all the capital...Fuggers, Rothschild...private citizens could buy a continents foreign policy (arguably you can still buy elections today looking at campaigns like Obamas or Trumps). There were zero democratic institutions to appeal to if you were stopped lending by a bank. 19th century farmers faced debt inflation with rigid money supply and this will happen with crypto as a replacement for fiat. Additionally the systematic instability - the poverty and the depressions were way worse than with the current fiat money where people made it out of the crash way better than if fiat would not have existed...so i have to hardly disagree with your assesment. So i ask you the same question again: What happens if there is 25% unemployment due to "cleansing". Do you think people will accept 10 years of poverty for the sake of "sound money". If peoples children go hungry because you say so because the math says so they will not buy more bitcoin but burn down cities, attack people who have more bitcoin and eventually burn down the system. What is your answer to the lack of monetary interventions in your system?

Yeah fully agree @Spekulatius and @wachtwoord does not want to provide an alternative solution yet - i hope he does!

Its nonsensical and inconsistent but you refuse to respond to it - thats the spirit of COBF! Sad that you are not interested in meaningful dialogue but you still have the chance to do so!

If you read about economies before state run central banks there was way less freedom for anyone and for the state because the banks controlled everything (for example Jakob Fuggers financing the election of Karl V). You say you dont consider Bitcoin as a currency but then bash fiat, use the terms parasitic class, - what is it you want? Do you own bitcoin? Do you want bitcoin to become the main form of exchange in our economy? Can you make an actual plan instead of criticizing but not providing solutions? I would be really interested to hear your solutions but i fear that you might dodge to answer that.