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https://twitter.com/clickhole/status/1463189049624121351
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Nov 24, 2021 02:18
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Indian is planning on banning crypto. https://www.euronews.com/next/2021/11/23/india-is-planning-to-tighten-crypto-regulation-to-deter-trading-in-a-new-clampdown-sources  The markets have completely crashed, I imagine this is good for bitcoin.
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Nov 24, 2021 03:31
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 BUY THE DIP!!! WHICH ONE???
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Nov 24, 2021 03:34
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there's some rumblings that HMRC in the UK is also planning a big tax clampdown on crypto, specifically a reminder letter sent to coinbase customers in the UK that any income from crypto trading is subject to tax
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Nov 24, 2021 03:35
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DerekSmartymans posted:
Buy the dip? "BUY!" -the dip
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Nov 24, 2021 03:38
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a draft letter got leaked from the Senate Banking Committee to Tether demanding answers about their backing so lol rip the economy
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Nov 24, 2021 04:28
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Boxturret posted:Buy the dip? Whoever posted “No, fees!” ten years ago broke my brain. “No fees!” (Fees) is second place.
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Nov 24, 2021 05:15
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Back to ma and pa ransomware supporting the ecosystem, as Satoshi intended.
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Nov 24, 2021 05:32
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Luigi Thirty posted:a draft letter got leaked from the Senate Banking Committee to Tether demanding answers about their backing so lol rip the economy https://www.banking.senate.gov/imo/media/doc/letter_to_tether.pdf this one?
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Nov 24, 2021 06:29
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7. are you just a big scam Y/N
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Nov 24, 2021 06:42
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drk posted:7. are you just a big scam Y/y
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Nov 24, 2021 07:57
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quote:Over the last 12 months, what is the greatest percentage of the Tether in circulation at the beginning of a calendar week to be redeemed in the subsequent seven days? oh oh is the answer zero percent i bet it's zero percent
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Nov 24, 2021 08:34
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because it's bitcoin, it's somehow negative
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Nov 24, 2021 08:57
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drk posted:YOSPOS > buttconi: are you just a big scam Y/N
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Nov 24, 2021 10:20
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did you just lie about not being a big scam? [Y]
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Nov 24, 2021 10:42
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not just tether https://twitter.com/RonwHammond/status/1463274970063200267
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Nov 24, 2021 11:23
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lmao maybe it'll rattle enough institutional money out and leave the ponzingas holding the bag
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Nov 24, 2021 11:39
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quote:Buying And Selling Bitcoin On Robinhood. What am I missing? (self.Bitcoin) emphasis mine. this brain genius gonna make so much money.
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Nov 24, 2021 15:16
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Powerful Two-Hander posted:DAAAOOOO DAO hums and me money's all gone
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Nov 24, 2021 16:05
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FAUXTON posted:ponzingas damb 
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Nov 24, 2021 16:17
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Shifty Pony posted:DAO hums and me money's all gone damb! 
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Nov 24, 2021 16:17
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"consumers' increased use of stablecoins" where???
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Nov 24, 2021 16:34
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Gazpacho posted:"consumers' increased use of stablecoins" where??? Energy consumers.
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Nov 24, 2021 16:38
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Crust First posted:I'll try to keep this quick: the condensed version
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Nov 24, 2021 16:48
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Nov 24, 2021 17:28
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I don't know anything about psychic witches, but if they can fend off psychic vampires maybe they're okay.
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Nov 24, 2021 17:36
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someone I know who used to be a dance teacher and had to stop for covid started doing some sort of manifesting witchy moon life coach bs and is apparently doing pretty well at it, idk where all this money comes from but I'm glad she's not poor
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Nov 24, 2021 17:38
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mystes posted:I don't know anything about psychic witches, but if they can fend off psychic vampires maybe they're okay. whenever they come up on the fplus it seems like they do nothing but get attacked by psychic vampires without ever seeming to conclusively defeat them so i don't know
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Nov 24, 2021 17:45
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qirex posted:idk where all this money comes from but I'm glad she's not poor it comes from the gullible, desperate, and stupid, just like in crypto
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Nov 24, 2021 17:46
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qirex posted:someone I know who used to be a dance teacher and had to stop for covid started doing some sort of manifesting witchy moon life coach bs and is apparently doing pretty well at it, idk where all this money comes from but I'm glad she's not poor yeah it conveniently self-selects for the kind of idiots who have the free time and money to spend on this bullshit
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Nov 24, 2021 17:46
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hashtag chingchingching
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Nov 24, 2021 17:53
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JuliusBranson 0 minutes ago | parent | next [–] Stablecoins are dangerous because they have the potential to change the current selection effects on the elite. For one thing, stablecoins subvert the ability of the Federal Reserve to print money and give it to their friends at Goldman Sachs et al --- normally this is supposed to result in their friends have a larger fraction of money than they previously had. You start with 1 dollar, David at Goldman Sachs starts with 1 dollar, you each have 50% of the wealth in the "nation." David and his friends start printing themselves money, soon they have 99 dollars and you have 1. That's how inflation works. When there's stablecoin, you just put your dollar in bitcoin before they print the money, the dollar inflates, bitcoin goes up proportionately, you spend the bitcoin and things remain fair. This obviously curtails the ability of the ruling class to reproduce itself. More than that, if the pool of people getting billions through stablecoins is more random than the pool of people who got rich on the dollar, then the ruling class will change to be more representative of the population as a whole. This could cause massive cultural changes, consequently. reply
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Nov 24, 2021 17:54
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i am always here for crypto economic theory
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Nov 24, 2021 17:57
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so, f/i/a/t is bad because rich people get newly printed money, but stable coins are good because the future rich people get newly printed money, got it
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Nov 24, 2021 18:25
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i thought the whole point of stable coins was their 1:1 exchange rate with the dollar?
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Nov 24, 2021 18:27
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Mr.Radar posted:This obviously curtails the ability of the ruling class to reproduce itself. More than that, if the pool of people getting billions through stablecoins is more random than the pool of people who got rich on the dollar, then the ruling class will change to be more representative of the population as a whole. it will get rid of the ruling class. also, it will make me the ruling class, which is more fair also that's one hell of a load-bearing "if" in that second sentence lmao
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Nov 24, 2021 18:30
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ADINSX posted:i thought the whole point of stable coins was their 1:1 exchange rate with the dollar? i believe that post assumes that the value of bitcoin is a fixed objective unchanging reality, and the only thing that changes is the supply of dollars and/or stablecoins it also assumes that they'll tell you ahead of time before minting a bunch of new tethers so you can move your money into bitcoin before inflation happens, which lmao ok sure buddy
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Nov 24, 2021 18:33
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if you have tethers, don't worry they're backed by loans to the absolute safest companies https://twitter.com/SilvermanJacob/status/1463503033460047879
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Nov 24, 2021 19:02
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Mr.Radar posted:JuliusBranson 0 minutes ago | parent | next [–] check out mr julius brainson over here
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Nov 24, 2021 19:11
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idk what happened but i am glad i am not reading slashdot/hn daily anymore and slowboiling my brains by taking life lessons from the kind folks like ephebohacker1968 who had it all figured out until h1bs and mikkro$haft took their job
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Nov 24, 2021 19:15
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