• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

Master Threads
JordanPetersHorn said:
Not insulting you, but as a practice Following the day to day of BTC is fully retarded
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I think it falls somewhere in the middle.

For most people, especially those that own it, they're in it for the long haul.

On the other hand I don't think it's a waste of time to quickly note it's volatility especially for those posters considering jumping in or out.

I like to help as many Pats as possible with the information I share on here. Don't take anything I say personally just cuz I'm quoting you or something of the like.

You've been a valuable addition to this thread and I appreciate the way you've been able to share your knowledge!
 
TTUcamper said:
that's only because it's being manipulated, not because there is something inherently wrong with it.
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Some might view a product that able to be manipulated as being flawed.

I appreciate you pointing out that it's being manipulated tho. Gives people something to think about when considering how blockchain used as currency might look / function.
 
America 1st said:
I think it falls somewhere in the middle.

For most people, especially those that own it, they're in it for the long haul.

On the other hand I don't think it's a waste of time to quickly note it's volatility especially for those posters considering jumping in or out.

I like to help as many Pats as possible with the information I share on here. Don't take anything I say personally just cuz I'm quoting you or something of the like.
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I don’t take it personal I’m not a slack jawed faggot.

Yeah I think it’s def volatile but you have to realize it’s space in the market and if you talk about it seriously it’s on a grand scale due to public’s still nascent understanding of the Technology as displayed here by a smart man in Jayhox thinking Bitcoin is still limitless. The public still doesn’t understand the utility of the technology at all
 
JordanPetersHorn said:
Wrong completely. It is finite already you can’t create any more bitcoin

You’re utilizing a really simplistic understanding of it. There’s tons of legitimate problems that @America 1st brought up as far as the governmental risks to it are concerned, but those two concerns you’re having arent some of them. And it is tangible in that it’s the same line of code for everyone in the world and very obvious for me and everyone else with the ledger to go “okay something fucky happened here”. It’s not like I can just go to Google and print out more coins from the internet
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There’s more than just Bitcoin, right?
 
JordanPetersHorn said:
I don’t take it personal I’m not a slack jawed faggot.

Yeah I think it’s def volatile but you have to realize it’s space in the market and if you talk about it seriously it’s on a grand scale due to public’s still nascent understanding of the Technology as displayed here by a smart man in Jayhox thinking Bitcoin is still limitless. The public still doesn’t understand the utility of the technology at all
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You aren’t understanding my point. See my last question.
 
Jayhox said:
There’s more than just Bitcoin, right?
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Yeah there are more coins but all are trying to build original network effects. If history teaches us anything about technology, it’s whichever gains the network effects quickest, thus we all use the shitty “QWERTY” keyboard even though it’s not the best or fastest. Youll never hear about any of these shit coins again in a few years anyways in the same way no one uses a DVORACK keyboard

With Musk and Larry Ellison on board already I’m pretty confident in their abilities to see the technical implications and positioning of bitcoin in the context of the coin market now
 
America 1st said:
Some might view a product that able to be manipulated as being flawed.

I appreciate you pointing out that it's being manipulated tho. Gives people something to think about when considering how blockchain used as currency might look / function.
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the price of gold, silver and basically every stock and currency in existence is currently being manipulated by a certain degree. Hell you can't even buy actual silver and the price is going down.
 
JordanPetersHorn said:
Satoshi did on principles of Cryptography and a set of algorithms that if you run correctly should give you the exact same answers to certain mathematical questions that arise in the verification process as everyone else utilizing the algorithms. It’s not a thing in and of itself, it’s a procedure that can’t be invalidated and therein lies the corollaries in the way you can look at the implications of it vs other solid things that have a physical existence like Gold

So yes crypto is thin air in a real pure physical sense, but not a good workable understanding of it in these conversations since in comparing the two it’s actually easier to verify the coin than Gold
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seems pretty wasteful to utilize 1% of the worlds energy output in order to mine them.
 
JordanPetersHorn said:
Yeah there are more coins but all are trying to build original network effects. If history teaches us anything about technology, it’s whichever gains the network effects quickest, thus we all use the shitty “QWERTY” keyboard even though it’s not the best or fastest. Youll never hear about any of these shit coins again in a few years anyways in the same way no one uses a DVORACK keyboard

With Musk and Larry Ellison on board already I’m pretty confident in their abilities to see the technical implications and positioning of bitcoin in the context of the coin market now
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What if an alternative is developed by The Swamp and required by governments? If you can create a crypto coin out of thin air, as all of them have been, what would stop the globalists from creating one and making it mandatory? It is literally the exact same thing that’s been done by the Fed and Central Banks since coming off the gold standard. Create a currency and turn on the printers. Create a crypto currency, mandate it, and copy/paste.

You keep taking me into the weeds. I’m looking at a more basic level that the premise is already corrupt. Crypto as a means of currency is one thing . . . crypto as a basis of currency is where I have issues.
 
Jayhox said:
What if an alternative is developed by The Swamp and required by governments? If you can create a crypto coin out of thin air, as all of them have been, what would stop the globalists from creating one and making it mandatory? It is literally the exact same thing that’s been done by the Fed and Central Banks since coming off the gold standard. Create a currency and turn on the printers. Create a crypto currency, mandate it, and copy/paste.

You keep taking me into the weeds. I’m looking at a more basic level that the premise is already corrupt. Crypto as a means of currency is one thing . . . crypto as a basis of currency is where I have issues.
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A) there are catastrophic issues with them implementing an alternative because no one would switch over to it thanks to the security and anonymity of Bitcoin they wouldn’t be able to seize it anyway. That’s the whole reason it’s popular

Basis of currency it would work fine once people realized what it is. There is a finite amount and the history of every bit can be traced back to the very beginning. You can’t hide it from Supply like Gold. The volatility still is a lot from people not grasping the security of the technology
 
Jayhox said:
What if an alternative is developed by The Swamp and required by governments? If you can create a crypto coin out of thin air, as all of them have been, what would stop the globalists from creating one and making it mandatory? It is literally the exact same thing that’s been done by the Fed and Central Banks since coming off the gold standard. Create a currency and turn on the printers. Create a crypto currency, mandate it, and copy/paste.

You keep taking me into the weeds. I’m looking at a more basic level that the premise is already corrupt. Crypto as a means of currency is one thing . . . crypto as a basis of currency is where I have issues.
Click to expand...
❤️
 
Jayhox said:
What if an alternative is developed by The Swamp and required by governments? If you can create a crypto coin out of thin air, as all of them have been, what would stop the globalists from creating one and making it mandatory? It is literally the exact same thing that’s been done by the Fed and Central Banks since coming off the gold standard. Create a currency and turn on the printers. Create a crypto currency, mandate it, and copy/paste.

You keep taking me into the weeds. I’m looking at a more basic level that the premise is already corrupt. Crypto as a means of currency is one thing . . . crypto as a basis of currency is where I have issues.
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What's to stop the government from making gold/silver illegal...as FDR did. Deflationary currencies are an integral part of a truly abundant economy, but without a government that fears the people, it's all moot

Sound money and scared government are the people's path
 
Cincinattus91 said:
What's to stop the government from making gold/silver illegal...as FDR did. Deflationary currencies are an integral part of a truly abundant economy, but without a government that fears the people, it's all moot

Sound money and scared government are the people's path
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Bingo. I’m not sure what other strategies y’all noncoiners think there are again or recourse you think you have the finance arm of the deep state
 
JordanPetersHorn said:
A) there are catastrophic issues with them implementing an alternative because no one would switch over to it thanks to the security and anonymity of Bitcoin they wouldn’t be able to seize it anyway. That’s the whole reason it’s popular

Basis of currency it would work fine once people realized what it is. There is a finite amount and the history of every bit can be traced back to the very beginning. You can’t hide it from Supply like Gold. The volatility still is a lot from people not grasping the security of the technology
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But it’s not based on anything. How can it have a basis if it is created out of nothing? The only way to give it basis is to force everyone to convert their dollars into crypto. Then it’s basis is what we have now, which is more and more worthless because the printing presses are running full speed. You have to convert to a solid basis like the gold standard, then convert to crypto as the means.
 
Jayhox said:
But it’s not based on anything. How can it have a basis if it is created out of nothing? The only way to give it basis is to force everyone to convert their dollars into crypto. Then it’s basis is what we have now, which is more and more worthless because the printing presses are running full speed. You have to convert to a solid basis like the gold standard, then convert to crypto as the means.
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I share your concerns

That being said, currencies are shared illusions. Supply/ Demand is the value system. Within that you have scarcity, confidence, bilateral agreement between buyer/seller/trader etc

Gold's biggest selling point is it's longevity. It's utility is limited and the supply does grow each year. It does have it's flaws

We all want deflationary currency and I think Bitcoin is superior to Gold
 
Jayhox said:
But it’s not based on anything. How can it have a basis if it is created out of nothing? The only way to give it basis is to force everyone to convert their dollars into crypto. Then it’s basis is what we have now, which is more and more worthless because the printing presses are running full speed. You have to convert to a solid basis like the gold standard, then convert to crypto as the means.
Click to expand...
Because the basis is mathematical and finite. It’s a more stable supply and solid basis than gold because we don’t know if more gold could come down from an asteroid and absolutely ruin the gold economy. There’s no away to alter the chain so in that way it is permanent and has basis.
 
Cincinattus91 said:
I share your concerns

That being said, currencies are shared illusions. Supply/ Demand is the value system. Within that you have scarcity, confidence, bilateral agreement between buyer/seller/trader etc

Gold's biggest selling point is it's longevity. It's utility is limited and the supply does grow each year. It does have it's flaws

We all want deflationary currency and I think Bitcoin is superior to Gold
Click to expand...
I'd argue gold at least had SOME uses in the physical world above being store of value.

You're spot on that nothing is perfect tho. I just personally prefer something that can't be 'created' out of thin air.

Even asteroids of falling gold wouldn't be the end of the world with gold. In fact I'd argue that's the whole reason to get into space and to fulfill our Manifest Destiny first. We The People have a right to claim the physical resources of space and shouldn't accept anything less.
 

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