Why the fuck do people still take bitcoin seriously
this post was submitted on 15 Jul 2024
78 points (97.6% liked)
news
23359 readers
617 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
some iran-contra kinda shit propping it up I guess
YellenPOG
:yellen-poggers:
Your Iraqi Dinar portfolio is more important than ever
hmmm... something something chickens roosting
her comments from two years ago make the whole thing even funnier https://www.bloomberg.com/news/articles/2022-03-12/yellen-rejects-notion-sanctions-could-undermine-dollar-dominance
It's almost like she doesn't know what the fuck she's talking about.. really makes you wonder if any of these idiots running things have any clue how anything works
I'd argue that the past two years have proven beyond all doubt that these people are in fact clueless.
This article kind of buries the lede that the U.S. Treasury secretary is admitting their ability to ~~influence~~ control foreign policy through sanctions has been over played to the point of uselessness.
That's definitely one of the more interesting admissions in the article.
There's a Marxist case for bitcoin performing well, but it's irresponsible to make it here imo. The writing has been on the wall for a while though. Where else can funds flow in the west but into fictitious capital? The Dengists won.
What a Chad.
It's a combination of fictitious capital and a relatively well established system for doing transactions outside the dollar.
Some might say that BTC is on the rise, and others might say that the USD is on the fall. Perhaps it's the same thing, no?
It's possible BTC use will go up in the near term as an alternative to using the dollar.
Never would've thought she'd be trying to pump Bitcoin wtf
Seems legit.