Recent Posts

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Weeks, months, years, decades....what’s your timeframe till BTC failure is obvious to everyone?

From my perspective it's already obvious. There is no claim to a currency that can't be used based on a Marxist theory of value that now trades in futures.

I'm Austrian (both economically and ethnically  ;)) I can't guess when, I can only guess why.

Goes without saying this is not advice and I am not an advisor. I assume the same of every post and poster.
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The VA gave me a TENS unit for my neck & back pain several years ago.  My understanding was that it helps with pain, but that it doesn't actually contribute to healing.  I'll have to research that more...

That was true in my case. It was important for me to get some aggressive therapy right after my hand surgery last year (the second in 2 years on the same spot), but my hand was too swollen and painful for them to be able to do much. The TENS helped with the pain enough that I was able to start therapy sooner. Once the pain went down, they stopped using it on me.
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The VA gave me a TENS unit for my neck & back pain several years ago.  My understanding was that it helps with pain, but that it doesn't actually contribute to healing.  I'll have to research that more...
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Weeks, months, years, decades....what’s your timeframe till BTC failure is obvious to everyone?
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How long do you predict it will take to fall apart?

This is the curse of Austrian Economics. It's impossible to time. The market can stay irrational longer than the investor can stay solvent in a short. That's the rub.

The next few weeks will be telling. I think the major brokerages are afraid due to liquidity concerns (rightly so and never a good sign).

I don't understand this move. The claim that Bitcoin is limited to 21m is now off the table. I can print as much paper Bitcoin as I want and the futures contracts resolve in dollars, not even the Bitcoin itself (unlike gold). Further, it only hurts the price. If every gold contract came due tomorrow it would skyrocket because there is more paper gold than real gold. Why would a Bitcoin owner want this downward pressure?

Bitcoin owners: the development team is at least not looking out for your best interest. Now that it's listed they may be criminally liable for their decisions. I would consider the act of listing it as a violation of the prospectus (white paper). If Bitcoin is growing why does it need futures contracts? So glad we graduated from the guppy tank to the shark tank.

****My Opinion***** I don't think this is an accident. This is an organized strategy to kill a viable non-state money. Of course the big banks want to crush it. For some reason the development team wants to crush it. The .gov obviously wants to crush it. It's working in tandem. I suspect the bubble pops and the development team end up in the pokey.
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When this all falls apart and decent people lose their shirts while the big banks cover shorts we will clamor for regulation. So in taking the worst crypto public and killing it easily the rest will be besmirched.

How long do you predict it will take to fall apart?
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It's D-Day. The futures markets are open. For the first time you can make money if Bitcoin loses value. That is if your broker allows access (most don't).

For me personally, this is the absolute failure of Bitcoin. The idea that Goldman Sachs now has a way to control it smacks in the face of the idea of decentralized. The whole point was to screw the banks and their predatory schemes after all.

When this all falls apart and decent people lose their shirts while the big banks cover shorts we will clamor for regulation. So in taking the worst crypto public and killing it easily the rest will be besmirched.

This is hard for me, I loved the dream of a decentralized currency. But this has been so mismanaged it's almost impossible to believe it.
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The Gear and Tool Review Board / Re: Favorite Electrical Tools
« Last post by David in MN on Today at 10:21:52 AM »
I don't do a lot of electrical work but I have built a few lamps and my wife (she's an electrical engineer) does do wiring from time to time. I have mostly Klein products but for anything screw related I am 100% Felo these days.
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The Gear and Tool Review Board / Re: Favorite Electrical Tools
« Last post by tipafo on Today at 10:12:45 AM »
Almost exclusively Klein screwdrivers, nutdrivers, only Klein linesmans pliers, diagonal cutters, and strippers.

Ideal hand conduit benders.

Greenlee is decent in a pinch. I use the receptacle/GFCI tester almost daily.

Estwing 22oz straight claw hammer for driving staples, etc. Kobalt 16ft tape measure.

Klein makes a geat electrician's tool pouch, but the box store knockoffs are good, too.
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  They have good reviews,
  I found no Better Business Bureau complaints,
  They use MIL SPEC components to build all or mostly Mil Spec guns,
  They have fair to good prices....
  I find no reason to worry about buying a .300 from them as little differs from a full Mil Spec weapon

Just load carefully to proper length ,if you handload....and you will do fine.

https://www.facebook.com/pg/Ingunswetrustllc2013/reviews/
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