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This makes you Somewhat Bitcoinian (59.8%).Jäh I think it's accurateSomewhat Bitcoinian
Exciting, isn’t it? A whole new way of understanding money and value. Suddenly, we find ourselves freed from the grasp of banks, stock-market brokers, centralized governments, and spendthrift politicians. Who knows how things will develop with a new decentralized system of finance like this? It’s an interesting social experiment; one that might prove very lucrative for you if it hasn’t already.
You keep up with the world of Bitcoin. You’re in on the jargon and follow the markets. Still, you can’t really be bothered to engage too deeply with the over-enthusiastic, cultish following that has gathered around Bitcoin. The hard-boiled Bitcoinians can keep their ideological musings. Pragmatic and rational, you simply know a good thing when you see it. You’re into Bitcoin for the money, not because you’re convinced that the salvation of humanity lies in blockchain. Indeed, there might be tangible societal benefits if or when Bitcoin enters the mainstream, but in the end, you’re mostly concerned with the bulk of your own wallet.
In Bitcoinian terms, one might liken you to a scholar of religion rather than a theologian. You see things in a greater perspective, not clouded by dogmas or over-enthusiastic beliefs. In this manner, you’re perfectly equipped to understand the phenomenon from an objective perspective and, thus, to eventually profit from this knowledge.
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This makes you Not Bitcoinian (30.4%).Don't Fight the Fed.Not Bitcoinian
You’re not convinced by the hype. Despite the immense enthusiasm you’ve witnessed, and in spite of the huge spikes in value Bitcoin has experienced over recent years, you remain a skeptic, if not an outright naysayer.
Surely investments need to create value and have some draw other than the investment itself. Bitcoin seems to be some fantastical game of make-believe; not something sensible people would want to invest a single dollar in! Frankly, you see the whole thing as a bit of a scam, and despite witnessing the early birds lining their pockets, you’re pleased not to have gotten involved with this volatile trend. In your opinion, it’s just a matter of time before the bubble bursts.
You’re equally unconvinced by all the ideological babble. Why all this enthusiasm about a so-called decentralized financial system, which is just numbers in a computer and not backed by any states? And isn’t Bitcoin mostly used for illicit activity? It all seems suspiciously covert; probably catering mostly to anarchists and illegal transactions anyway. You’re rather more pragmatically minded and prefer your money in fiat, precious metals, and stocks and bonds – thank you very much.
Essentially, you consider Bitcoin a kind of fool’s gold. Nice and shiny – perhaps even lucrative if you can convince somebody else to purchase it – but fundamentally worthless once its true nature is uncovered.
I got 59.8 too. I found this to be a weird quiz. There really isn't a religious element to Bitcoin from what I've seen.
Those guys would invest in burnt twigs and dead bugs if they thought it would subvert the government.
I got Anti-Bitcoin -14.3%.
I'm not Anti-Bitcoin. I'm not Anti-Super-Yachts, either, but please don't expect me to invest in one. Or to pretend that they are investments.
All fiat currencies are backed up by the future productive capacities of the issuers, and your obligation to accept them "for all debts, public and private" is enforced by real, military armies. Wake me when Bitcoin has a standing army that can defeat the US military.
When Saddam tried to displace the US dollar as the default petroleum currency by instead accepting a basket of currencies, the US and its trading partners destroyed his country.
The same thing happened to Libya's Gaddafi, for the same reason.
If Bitcoin ever threatened the value of the dollar, it would be eliminated. The US depends on printing dollars freely to maintain its position, and it really isn't going to let something like a cryptocurrency challenge that.
So, the US government can be counted on to oppose it. Why hasn't it done anything yet?
My guess is that the powers that be have seen that Bitcoin is an entertainment for nerds, and not a threat at all.
Last edited by Adam Strange; 01-16-2022 at 10:02 PM.
They can't do anything to stop outside of outlawing its use/purchase/exchange - but how do you control that? Same as in trying to control illegal downloads, not much could be done except arrest a few people "to set an example", which are basically politcal prisoners.
I like crypto because it does pose a threat to the gridlock that the finance industry has. I watched a documentary on Arte about HSBC. After watching it, I concluded that investment banks are basically untouchable, and if you're concerned about vast wealth concentrations, that should alarm you. I wish I remembered the actual reference to the documentary though, I'll send it to you if ever I find it.
I don't think anything can stop governments from investing in Bitcoin. In fact, at some point they will have to deal with it somehow. The Chicago stock exchange allows transactions in Bitcoin since a few years now. I see crypto as a threat to the finance sector, as well as to government, but not an existential threat. It will simply force them to remodel their priorities, and that's something alot of people want nowadays.
No, lol. A Ponzi scheme is centralized, and planned out, and crypto is neither of these things.Originally Posted by Adam Strange
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This makes you Anti-Bitcoin (22.3%).Anti-Bitcoin
Watching the whole frenetic Bitcoin worship unfold around you, you react with a disapproving frown and a healthy dose of skepticism. In your eyes, Bitcoin is little more than a glorified Ponzi scheme; you’d prefer to keep your money in traditional equities rather than “invest” in the smoke and mirrors of the cryptocurrency world. For you, the unbridled excitement with which the world of digital currency has been welcomed signifies nothing but the fads and feeble minds of gullible people. It is a trend not unlike at school playgrounds, where obtuse kids can be convinced to trade this week’s allowance for an especially shiny new stone.
You tell yourself that trends die out, as this one will, eventually. Clearly, Bitcoin reflects no real, underlying value, and eventually the market will come to reflect this absence of any true worth.
In spite of whatever grand ideological ideas and quickly whipped-up fortunes exist out there as a result of Bitcoin, you remain sure of one thing – for most ordinary citizens, this whole thing will end in tears.
The Barnum or Forer effect is the tendency for people to judge that general, universally valid statements about personality are actually specific descriptions of their own personalities. A "universally valid" statement is one that is true of everyone—or, more likely, nearly everyone. It is not known why people tend to make such misjudgments, but the effect has been experimentally reproduced.
The psychologist Paul Meehl named this fallacy "the P.T. Barnum effect" because Barnum built his circus and dime museum on the principle of having something for everyone. It is also called "the Forer effect" after its discoverer, the psychologist Bertram R. Forer, who modestly dubbed it "the fallacy of personal validation".
This makes you Anti-Bitcoin (7.1%).
Bitcoin is idiocy.
@Uncle Ave, the finance industry is a threat to the US republic because it has captured most of the politicians through campaign contributions and it is free of any morality aside from making money and is entirely self-interested. In other words, it would sell your children into slavery if it could make a profit at it.
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Really, the LIEs are the worst. ILIs are bad, but they seem to have some trace of a moral foundation and have some respect for stable, concerned, and working government. LIEs, not at all. An LIE will steal your treasury, poison the water, and enslave half the women and children and will then sail off to wreck another country with the profits made from the last adventure. Those fuckers should be on very short leashes when they are allowed near Finance.
I see that Pillow Man's bank just dropped him and will be closing his accounts. Is this because he tried to overthrow the government of the United Stated through force and violence?
No, not at all.
It's most likely because the guy is going broke chasing his delusional fantasies, coupled with the fact that money is probably sloshing back and forth between his for-profit and non-profit businesses, and US REGULATORS WILL FUCK A BANK OVER WHEN IT VIOLATES BANKING RULES.
So, his bank isn't dropping him because he's seditious. Nope. Rather, he just won't be making the bank a lot of profit in the future and he could get them entangled with bank regulators, which no bank wants to have happen, ever.
Last edited by Adam Strange; 01-17-2022 at 01:48 PM.
So, do you think Sam Bankman-Fried is LIE?
He really saw his chance with his crypto exchange. I still laugh knowing he met with Joe Biden (allegedly after donating a lot of money to his campaign). Or the fact that Tom Brady and his ex-wife lost ~$70 million and did a commercial for him. But he did get caught. I wonder how many people get away with this kind of thing. Sounds like his ego got out of control, otherwise he could have created a backdoor hedging firm with other people's money. In terms of other shady LIE behavior, I wonder how hard it would be to create AI that tries to manipulate people into another Gamestop pump-and-dump. I'm sure an LIE has already done something like this. I both respect and loathe you guys.
cya
There is a movie called Burn, starring Marlon Brando, in which a private agent is hired by the British to overthrow the government of a sugar-producing island.
Brando is SEE, but he could easily be playing an LIE.
I think this is one of the greatest movies ever made. Not because it depicts the suffering of the slaves on the island caused by their colonial oppressors, but rather because is shows very clearly how the rich but politically unempowered use the poor to carry out a revolution and put themselves into power. And then, once in power, the new masters continue to crush the poor.
Really, this should be required viewing in every History of Moral Philosophy class.
@Alive, in your opinion, who is NOT an IEI?
He might have looked like an idealist and native American rights advocate to the casual observer, but he bought a bunch of land as a tax dodge, and on the day before the taxes were due on it, he held a press conference where he publicly "donated" the land to some tribe. I think the tribe was entirely surprised to later discover that the gift came with a huge tax bill.
This doesn't guarantee SEE, though, but it should make one more skeptical of IEI.
I think that Olimpia had some very insightful things to say about Brando in his typing thread on this forum.
The questions weren't very good. They were generally more about Bitcoin than about cryptocurrency generally, or blockchain technologies.
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I feel like this is higher than I actually feel.
This is the imposthume of much wealth and peace, That inward breaks, and shows no cause without Why the man dies.
but I could easily get an entirely different result on a test about cryptocurrencies in general. I don't care about Bitcoin specifically but I would prefer if Monero was more widely accepted and had a better reputation for example. Cryptocurrency projects should strive for achieving the privacy properties of physical cash and encourage using them as such. Too bad money hawks hijack all these projects and turn these currencies into investment assets. But ideally and in principle, being able to privately buy goods and receive payments online and having access to your money at all times at all places where there's Internet access without the oversight of any third party arbiter are good things. No wonder the number one goal for governments is to regulate the crypto market in a way that renders both impossible at which point there's nothing fundamentally new or positive these currencies can bring to the already existing money market or to technology (other than the model of distributed immutable ledgers).45.5% - Not Bitcoinian