It represents the physical shitcoin USD.

It makes a lot more sense to just measure from the last ATH always when examining an investment. Thanks for pointing that out.

But yeah man I hear you. Bonds, that's what I keep telling you. Doesn't get more stable than bonds. You should buy bonds, only. Sell your house and buy a bond. Helps out the most trusted federal government also, so that they can spend more trillions asap.

You are telling me it's up only some 35% so far since January? That's terrible.

But that's why all the smart money is in trusted federal government bonds, and their juicy 0.87% yields on the 5 year notes. Good as gold, baby!

"If a bank can't print it to infinity, it is not worth holding" - that's what my Pappy used to say, and it's the truth! Because if the bank can't increase the supply boundlessly, then how could the world ever be expected to operate?? Answer that, Bitcoin bros! You may have increased your net worth by some tens of thousands of percent the last several years, but when you find out that no bank can ever print more Bitcoin when the government wants to spend a few trill on another war in Afghanistan, THEN what will you do, huh? Huh?

Exactly. I want my inflation hedges to only go up exactly as much as the trusted federal government says inflation is every year, so around 3-4%. I can't stand it if my inflation hedge goes up more than that. That's why I sold all my Bitcoin. It kept going up way more than inflation so I was like "this is not what I signed up for - SELL". Everyone else should do the same.

Now I own only trustworthy government bonds from the trusted federal government. Everyone else should do the same!

Good news for all maxi vaxxy vaxxers out there: you get to come in for another shot soon! You will feel so good about it, and think of all the virtue signaling you can do on social media, and all the fear and anger you can spew against those refuseniks who will by now have not just refused 1 and 2 shots, but 3! Such terrible people, those that would be selfish and not get the vaxx when that means they can still give you the disease you got vaxxed for.

Get your triquarterly vaxxy jab and put your octuple mask-array on. It is the responsible thing to do.

Who's a good boy? You're a good boy! 10 soy out of 10.

Except for one thing. You indicate you are only going to wear ONE mask. WTF man. Are you trying to kill grandma? You must wear at least 4 masks. And that is if you are not having any symptoms. If you do have symptoms, you must up it to 8 masks. That's what a good soy would do.

He owes $4.2M in taxes, and this is going to take lawyers (plural) years (plural, again) to figure out. I am pretty sure a single lawyer will eat that money up in fees in a 2-3 years (at most). Multiple lawyers for say 3 years -> probably $10M+, without breaking a sweat. And it is likely they will fail collecting most of what they claim he owed, anyway.

How I wish governments were strictly opt-in, so that only people who enjoys this kind of shit had to pay for it.

Quick - someone post up the usual FUD about Bitcoins energy usage. Do it before the Pacific ocean begins to boil!

When a gov bans Bitcoin the price of it goes up (as seen in Nigeria, where it immediately started trading at a substantial premium post ban). This provides the impetus from enterprising individuals to find solutions to the problem. Defi trading platforms seem obvious. P2P-stuff. Indian gov has no chance.

Good luck banning literal bits of data. This will drive demand for BTC through the roof in India. The stupid gov can't know who is holding BTC. The stupid gov can not prevent citizens creating wallets and having BTC transferred into them. But if there is one things gov's are good at, it is being stupid.

I mean, maybe, if they also ban the Internet and all electronics manufactured after 1985. But might prove tricky. I feel like a lot Indians might find it disagreeable.

So are you gonna sell your house and put everything on shorting it, like enmock suggested already?

Slashdot is an overwintered tech blog from the 90ies, and it retains users from all the way back then. Many of their readers, ironically, grew up to become crusty old luddites, and practically all of them hate crypto because, well, they are luddites and are exquisitely jealous of those that have now made more money on crypto than they will in their whole lifetime.

It's pretty funny really.

The amount of tulip bulbs that can be made to exist is boundless.
The amount of bitcoin that can be made to exist is 21M.