All Forum Posts by: Eric Carr

Goldman Sachs just made its first Bitcoin collateralized loan 

Quote from @Kar Sun:

Quote from @Eric Carr:

Quote from @Kar Sun:

Quote from @Syed H.:

I have a small amount (to me) in it. I'm ok with gambling on it. Facebook starting Libra is huge for the industry. 

 If Facebook is starting it then it is precisely what NOT to do. Always do 180% opposite of the main stream and you will be on a better path.

  Do you believe that bitcoin is mainstream?

Don't you think that if the tried and true option was to do 180 of the mainstream that there would be quite a bit of people ruling the world? 

 Bitcoin is an intel job to make you believe you a part of something different. Block chain and bitcoin are part of control system. It s just hard to believe it now. Well, kind of like 2 years ago people did not believe that they will be living based on mandates not laws. But you are a huge fan of bitcoin, so I will let you continue on your path...Oh, and I do not care about renewable energy. There is no such a thing as green economy. It is another disinformation.

 What's the point of making people believe they are a part of something different?

  How are bitcoin and blockchain part of the "control system" ?

There's no such thing as cleaner energy? So it's all the same?

You've not answered any of my previous questions. It sounds like you have these beliefs with nothing to back them up

Quote from @Terrell Garren:

Quote from @Matt R.:

Just curious what other investors think. Is this just another hype deal or is this a new reality for possible rent collection?

 Bitcoin - The most wasteful use of time, technology and resources since ever. 

 In the first quarter of 2022, the bitcoin hash rate is up 23%, while energy usage is down 25%.  Due to innovation in bitcoin mining equipment, mining machines have have seen a 63% year over year increase in efficiency.

Bitcoin mining uses over 50% renewable energy, while the average for other energy uses equals 20% renewable

Quote from @Kar Sun:

Quote from @Syed H.:

I have a small amount (to me) in it. I'm ok with gambling on it. Facebook starting Libra is huge for the industry. 

 If Facebook is starting it then it is precisely what NOT to do. Always do 180% opposite of the main stream and you will be on a better path.

  Do you believe that bitcoin is mainstream?

Don't you think that if the tried and true option was to do 180 of the mainstream that there would be quite a bit of people ruling the world? 

Quote from @Kar Sun:

I cannot believe there is anybody who is interested in a bitcoin. I can see how some can get interested for short term speculation. But I will absolute not value any virtual assets, decentralized or not. Next thing for the Bitcoin fans will be metaverse "real estate" that is anything but real. Bitcoin is nothing but a pre-condition to a central bank digital currency.  Let's say it is a psychological and behavioral training to get used to virtual "ASSets".

 But there are. Not only people, but billionaires, hedge funds, large corporations, insurance companies, University endowments, local and national governments, banks, and pensions. 

  I don't believe it's wise to assume that every bitcoin holder invest in or cares about the metavers. I don't care, I don't have to. I have no idea what's going to happen, but it will probably continue to grow. Gamers have lived in a metaverse for decades. Which has also grown. The gaming industry is massive and I believe the metaverse will be a simple transition. Everyone on Facebook lives in a metaverse.

What are your thoughts on the trillions of fake dollars that have been printed over the last couple of years? What are your thoughts on real estate values rising 20% plus over the last few years? How about companies that are trading at a 1000 times per earnings? 

National and multinational brands have have patents and own space in the metaverse, do you believe they did their research? 

  I like well thought out and well researched opposing views.   I often find that, when talking about future possibilities, and the mechanics of behavior and the economy, often end with with an open ended conversation. Meaning no one "wins".  However, I will always point to the fact that civilization has always sought out sound money and the way current adoption is going. 

Your comment however appears to be something I've been going on for the last few years on this platform. It's emotional and not well researched and not well-thought-out. 

Why don't you answer even one of my questions with a well-thought-out answer?

I believe humans will be having this debate in however many years when land on another planet is for sale. There will be other people talking about why it will never happen and why it can't work, even while it is happening

Words from thr former CIS director about illicit use

https://casebitcoin.com/story/former-cia-director-finds-bitcoins-use-in-illicit-finance-to-b

Panama passed a law giving bitcoin legal status and has eliminated capital gains

Quote from @Terrell Garren:

Quote from @Matt R.:

Just curious what other investors think. Is this just another hype deal or is this a new reality for possible rent collection?

 Bitcoin - The most wasteful use of time, technology and resources since ever. 

 And all these positive energy figures come at a time when the hash rate hits a new record high

Fort Worth Texas City council is voting on whether to accept the donation of bitcoin mining machines to be placed in a government facility to mine bitcoin

Buenos Aires just announced plans to allow citizens to pay taxes using crypto.

The Brazilian senate just passed a bill to regulate bitcoin and crypto assets.  Brazil is also considering $0 tax on bitcoin mining equipment imports.

The first bitcoin ATM was just installed inside the Mexican senate.