discussion comment
4 years ago
The common belief is that buying bitcoin is super risky, but in the long term it actually isn’t really that risky at all. I’ve been studying this stuff obsessively for over a year now, and a lot of journal articles are full of misinformation. For example, people like to say that a quantum computer could take down bitcoin, but I did a deep dive recently and looked at academic journal articles on that topic, written by PhD quantum physicists and computer scientists, and the reality is that the EARLIEST that that is even possible, by the most optimistic estimates of the advancement of quantum computer technology, is 2027. More realistic estimation is 2040. And, there are quantum-safe digital signature algorithms that could be implemented into Bitcoin in the mean time. So, the idea that your bitcoins could be hacked any minute by a quantum computer is total bullshit.
The price is, of course, very volatile, but in the long term it’s very likely that it will increase significantly, based on supply and demand. The rate of production of new Bitcoins gets cut in half every four years, meanwhile the number of people using it, and the demand for it, and the general interest in it, is increasing exponentially. Demand up, supply down, price can only go up in the long run based on that dynamic.
If China bans it, it’s still used in 150 other countries. If the US bans it, it’s still used in 150 other countries. If ALL countries ban it then you have to wonder if your governments are really protecting your freedoms.
review comment
4 years ago
^^ tip big and she’ll stick to you like glue all night.
review comment
4 years ago
For dances they ask you at the end of each song if you want to keep going. In the.... other curtained areas... I believe you’re supposed to get out within a set amount of time regardless of whether or not the customer is willing to pay more to keep going.
review comment
4 years ago
Thanks for the feedback on the rates, everybody. Going back tonight!
review comment
4 years ago
Yea, I didn’t take any vacation yet this year, so my tolerance for working continuously without a vacation was hitting its limits as September came and went. Glad I waited for things to open up again. Maybe I’ll come back for the holidays!
discussion comment
4 years ago
how old is this girl? Answer: just right.
https://www.sweetgirl.org/files/sets/2017/05-13-naked-wet-brunette-malena-morgan/naked-wet-brunette-malena-morgan-005.jpg
discussion comment
4 years ago
@Dolfan, how were the girls at DD? Bateman reported that it was quite terrible when he visited.
discussion comment
4 years ago
Oh, Papi! I read "it was wild" and that got my hopes up! I'm vacationing down there in a couple weeks, so I'll find out eventually. Would be nice to get an update first, though.
discussion comment
4 years ago
Damn. Alright, maybe next month.
discussion comment
4 years ago
Yea Dolan, that’s true, Miami-Dade county is still closed. But maybe clubs in Broward county are open?
discussion comment
4 years ago
Does this mean strip clubs are re-opening at 50% capacity?
https://www.nbcmiami.com/news/local/bars-in-florida-can-reopen-at-50-capacity-starting-monday/2290929/
discussion comment
4 years ago
Thanks for all the responses y’all.
discussion comment
4 years ago
I think PA clubs are closing again.... at least, Club Risque in Bristol is closing.
discussion comment
4 years ago
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CJKent (Banned)“The more a person needs to be right, the less certain he is...”
Bitcoin
discussion comment
4 years ago
Thanks, Warrior.
discussion comment
4 years ago
@Rickdugan, BabyDoc is correct, my pent up demand will likely be satisfied outside of US borders. Of course, one could argue about the secondary and tertiary effects of my spending in TJ Hong Kong, but the primary effect will not be one that directly benefits the US.
discussion comment
5 years ago
I have paid on some sites for a single month. The trick is to pay for one month, and during that month you look through their site for every video that interests you. You download every video, store it on a hard drive, and cancel your subscription.
I've only done that for sites whose videos are otherwise difficult to find.
discussion comment
5 years ago
IMO, there are a few causes for the rally.
1. It is a response to Fed action (QE, bailouts, new financing facilities, etc)
2. It is a technical rally. Stocks were SUPER oversold, so chartists and technical analysts bought the dip.
3. It’s anticipation of the end of the Coronavirus pandemic and getting the economies back open, albeit a very optimistic anticipation.
discussion comment
5 years ago
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rickduganVerified and Certifiable Super-Reviewer
I am a young millenial. I am okay with letting the economy go to shit. Then again, I'm not really all that desperate for an income; I have savings and investments.
If the stock market continues to fall then that's okay, I'll just buy them at a fairer value; they're still kinda overvalued IMO. If the bond market goes to shit then that's okay with me too cuz I don't have any large allocation to bonds. If the US dollar fails then that's okay, I own (physical) gold and I'll buy more before shit goes down. If the whole global economy goes to shit and fiat currency fails due to hyperinflation caused by quadrillions of dollars flooding the system then that's okay too.... I own bitcoins.
discussion comment
5 years ago
If they reopen by Easter then, IMO, this was all a bunch of bullshit. Shutting down the entire economy only to re-open after a few weeks is not going to have a huge impact on the overall effect of a virus. There are still people getting sick, and they will still be new people getting sick in a few weeks from now. So, opening up all businesses by Easter would just mean that the spread of the virus would resume.
So then that begs the question, WTF was the point? How much did "the curve" flatten? Were there no other alternatives that could have had a similar effect on the spread of the virus without MASSIVELY destroying the economy, the markets, and the national currency?
Did they not consider launching a huge public health campaign, and using the executive branch's emergency powers to order a few companies to start producing PPE in mass quantities? You could get the knowledge into the citizens' heads that this is a big deal WITHOUT sending them all home and ordering every business to shut down.
discussion comment
5 years ago
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rickduganVerified and Certifiable Super-Reviewer
This is what happens when you have over 50% of the population living paycheck to paycheck, who can't afford an emergency $400 expense. Keynesian economics doesn't work--this should be obvious by now. First it was a few rounds of $500 billion or so in QE1 2 and 3.... now we have a whopping $6 trillion (or more) coming.
Anybody wanna guess what will be needed in the NEXT crisis? $20 trillion?
Anybody wanna guess how many years it will take people to WAKE THE FUCK UP and realize that massive money printing has an ultimate destination, and Zimbabwe already had it: https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
discussion comment
5 years ago
Oh... you changed your username from CTLennay to BitCoinHodler. Well, thanks for bringing me to that realization. I wrote you off a while ago, so I’m not going to respond now.
discussion comment
5 years ago
Here are some facts:
http://pricedingold.com/charts/USD-1787-log.pdf
http://pricedingold.com/charts/USD-1997.pdf
http://pricedingold.com/charts/USD-2006.pdf
"people dont have money because it is human nature to always want to live better than you should or can"
-First, that sentence hardly makes sense. It's difficult to understand what you mean when you don't use proper grammar. Second, if what you mean is, "people don't have money because it is human nature to spend money on material things before the money loses its value," then I agree. That's exactly what the twitter quote says.
1. People don't have savings because inflation.
discussion comment
5 years ago
A twitter user just summed it up quite nicely:
1. People don't have savings because inflation.
2. Crisis happens.
3. "Of course we need bailouts because people don't have savings!"
4. Money inflated to bail out corps.
5. People don't have savings because inflation.
...
discussion comment
5 years ago
Your point? Who's denying science and history?
Currency either has value, or it doesn't. If you believe that our fiat currency, fundamentally, is valuable, and the Federal Reserve has an INFINITE amount of fiat currency, then logic dictates that you must believe the Federal Reserve has INFINITE VALUE. Literally..... infinite.
I wish people used their brains to think....