Bitcoin, Cryptocurrency, and the Future of Global Finance

#2,302
#2,302
What evidence of wrongdoing is there pertaining to the political donations? Politicians took political contribution money from SBF and then didn't save his ass from prison. Where is the scandal?
 
#2,303
#2,303
n_huffhines said:
What evidence of wrongdoing is there pertaining to the political donations? Politicians took political contribution money from SBF and then didn't save his ass from prison. Where is the scandal?
Click to expand...

The money given to politicians was money stolen from investors and as far as I know all politicians have not given back that stolen money. That is a scandal itself. If someone robbed a bank and gave me stolen money I would go to jail, I cannot keep that stolen money. There needs to be an investigation that the stolen money given to politicians was bribery money. As Collin Rugg points out, some of the stolen money went thru dark money groups to hide where the money came from and some politicians have links to these groups....all this needs to be investigated but crooks will not investigate themselves.

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Aug 15, 23
www.nbcnews.com

Sam Bankman-Fried charged with using stolen funds for over $100 million in political donations

An amended indictment accused Bankman-Fried of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans and to conceal where the money came from.
www.nbcnews.com www.nbcnews.com
concealment:
"An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from."

bribery:
“He leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation he believed would make it easier for FTX to continue to accept customer deposits and grow,” the indictment said."

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Collin Rugg@CollinRugg

JUST IN: The U.S. government is dropping six charges against crypto scammer Sam Bankman-Fried including campaign finance violations and conspiracy to commit bribery charges.

Making bribes with stolen money is fine as long as that money is going to U.S. politicians.

SBF donated $100 million during the 2022 midterms, pouring tens of millions into dark money groups with customers' funds.

Some of these groups were linked to Senate leaders including Mitch McConnell and Chuck Schumer.
 
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#2,304
#2,304
jmacvols1 said:
The money given to politicians was money stolen from investors and as far as I know all politicians have not given back that stolen money. That is a scandal itself. If someone robbed a bank and gave me stolen money I would go to jail, I cannot keep that stolen money. There needs to be an investigation that the stolen money given to politicians was bribery money. As Collin Rugg points out, some of the stolen money went thru dark money groups to hide where the money came from and some politicians have links to these groups....all this needs to be investigated but crooks will not investigate themselves.

=============
Aug 15, 23
www.nbcnews.com

Sam Bankman-Fried charged with using stolen funds for over $100 million in political donations

An amended indictment accused Bankman-Fried of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans and to conceal where the money came from.
www.nbcnews.com www.nbcnews.com
concealment:
"An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from."

bribery:
“He leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation he believed would make it easier for FTX to continue to accept customer deposits and grow,” the indictment said."

=============



Collin Rugg@CollinRugg

JUST IN: The U.S. government is dropping six charges against crypto scammer Sam Bankman-Fried including campaign finance violations and conspiracy to commit bribery charges.

Making bribes with stolen money is fine as long as that money is going to U.S. politicians.

SBF donated $100 million during the 2022 midterms, pouring tens of millions into dark money groups with customers' funds.

Some of these groups were linked to Senate leaders including Mitch McConnell and Chuck Schumer.
Click to expand...

You're saying there has been no investigation? Where do you get that? My comment was about dropped charges, not an investigation that didn't happen. I'm assuming there was an investigation and we have no idea what it yielded....we're just assuming the worst because it fits our beliefs that the government is corrupt.

Maybe the dropped charges were the Republicans trying to cover up the dark $ donations? Maybe it was D's manipulating things. Maybe it was a legitimate result. I'm simply asking what basis is there for anything other than suspicion?
 
#2,305
#2,305
n_huffhines said:
You're saying there has been no investigation? Where do you get that? My comment was about dropped charges, not an investigation that didn't happen. I'm assuming there was an investigation and we have no idea what it yielded....we're just assuming the worst because it fits our beliefs that the government is corrupt.

Maybe the dropped charges were the Republicans trying to cover up the dark $ donations? Maybe it was D's manipulating things. Maybe it was a legitimate result. I'm simply asking what basis is there for anything other than suspicion?
Click to expand...
The corrupt politicians do not want SBF tried on campaign donations because if there is a trial on it then there would have to be discovery, depositions taken, etc utimately exposing what the politicians do not want exposed. Both R's and D's are mixed up in this neither want anything exposed.
 
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#2,306
#2,306
jmacvols1 said:
The corrupt politicians do not want SBF tried on campaign donations because if there is a trial on it then there would have to be discovery, depositions taken, etc utimately exposing what the politicians do not want exposed. Both R's and D's are mixed up in this neither want anything exposed.
Click to expand...

Dude
 
#2,307
#2,307
jmacvols1 said:
The corrupt politicians do not want SBF tried on campaign donations because if there is a trial on it then there would have to be discovery, depositions taken, etc utimately exposing what the politicians do not want exposed. Both R's and D's are mixed up in this neither want anything exposed.
Click to expand...
Given the extreme volatility of the crypto market, I have no doubt that there are shenanigans beyond belief across the board. I watched my play money account drop by 75%, and now it's up like 250% in the past year.
 
#2,310
#2,310
Checking in on El Salvador.

Bitcoin Users in El Salvador Halved to 12% Last Year: Survey

According to a recent study by the University Institute of Public Opinion of El Salvador, 12% of Salvadorans used bitcoin in the past year. This represents a significant drop in usage year-on-year. The same center revealed last year that 21% of Salvadorans had used bitcoin in 2022.

Of the remaining respondents, 85% claim they haven’t used it in the past year, while 3% said they have never used it.

Bitcoin is legal tender in the country since September 2019. It has been debated how much the system is used in the Central American nation, which has earned the tag of “Bitcoin Country.”
Click to expand...
 
#2,313
#2,313
2 things with crypto that the US government will have issues or has to accept:

1). When huge transfers take place between countries without stable currencies, they typically have to transact in US dollars. What happens when Vietnam trades with Turkey with crypto instead of pegging conversions to US dollars?

2). Right now, when crypto is TRADED in accounts at banks/brokers then the IRS takes a piece when positions are closed (converted to US$s). But if transactions with crypto becomes routine, the tax collector is either not going to get a piece of the asset appreciation -or- a very complicated taxing scheme has to be developed. What happens when crypto accounts more closely resemble checking accounts rather than trading accounts?

Maybe it’s not a big deal, but if crypto ever becomes mainstream on macro or micro levels it will be disruptive to Wall Street and the ability of the US government to generate some tax revenue. Of course more tax burden will just be shifted to US workers.
 
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#2,315
#2,315
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#2,318
#2,318
LittleVol said:
Or not. Just passing information along.

FYI, my guy told me to put as much into dogecoin back in April of 2020.
I had only put $120 or so and then didnt pay attention to until 1 year later.
Biggest mistake ive ever made...
Click to expand...

That’s what I’m asking. Why? What information? Is something percolating again with Dogecoin? It took off last time after Mark Cuban and Elon Musk started playing around with it.

I’m not totally against crypto. It’s a decent hedge against currencies. Especially the US$ when the ND is north of $34T.

The hundreds of tiny crypto names may have no functionality. The biggest ones could become investable assets if consumers adopt them for transactions or countries utilize them to facilitate huge transactions with other countries. But they might also still be bubbles. They need to be regulated to be a trusted store of value, but that is contrary to one of their biggest selling points. And ANY value that is created is only from speculation. That works best for those in early.
 
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#2,319
#2,319
I was focused on building my real estate portfolio and I completely ignored the measly $120 I invested.
Only because of media outlets talking up the huge surge in crypto currency around April-May of 2021 did I even log into my account.
After capital gain tax, my $120 had netted me around $26,000.

Now how could I have known?? Well i was told! But i said if I lose 120 or even 400 it wasnt a big deal. So i forgot about it.
Meanwhile, I had set up a damn emergency savings account for the previous 3 years before 2020 and I had about $45,000 in there....
Had I even took half of that amount and invested it I could have been 10 years closer to setting my family for generational wealth.

Not again! Now I have actual BTC. Which one day will be the main currency worldwide.
 
#2,320
#2,320
Thunder Good-Oil said:
That’s what I’m asking. Why? What information? Is something percolating again with Dogecoin? It took off last time after Mark Cuban and Elon Musk started playing around with it.

I’m not totally against crypto. It’s a decent hedge against currencies. Especially the US$ when the ND is north of $34T.

The hundreds of tiny crypto names may have no functionality. The biggest ones could become investable assets if consumers adopt them for transactions or countries utilize them to facilitate huge transactions with other countries. But they might also still be bubbles. They need to be regulated to be a trusted store of value, but that is contrary to one of their biggest selling points. And ANY value that is created is only from speculation. That works best for those in early.
Click to expand...
yeah and theyŕe doing that again. Dogecoin can be used on his ¨X ¨ platform now. And all of the recent spikes -like the one on January 21- were fueled by the same things. Community power.
BTC will rise and so will the alt coins, but ELon and Cuban are both huge supporters of DOGE.

It supposed to get to $5 or even $10 going into 2025. This specific number was told by my friend, who has been trading for i don know how long.

If youŕe hurting for cash. but have good credit ...apply for credit cards and use those to pay as many bills as possible, so that you can put cash into doge or another alt coin.
Also invest whatevr money you can into NVDA (Nvidia) , because that is makiing money so fast that you can use that to later on pour into crypto as the year goes on
 
#2,321
#2,321
LittleVol said:
yeah and theyŕe doing that again. Dogecoin can be used on his ¨X ¨ platform now. And all of the recent spikes -like the one on January 21- were fueled by the same things. Community power.
BTC will rise and so will the alt coins, but ELon and Cuban are both huge supporters of DOGE.

It supposed to get to $5 or even $10 going into 2025. This specific number was told by my friend, who has been trading for i don know how long.

If youŕe hurting for cash. but have good credit ...apply for credit cards and use those to pay as many bills as possible, so that you can put cash into doge or another alt coin.
Also invest whatevr money you can into NVDA (Nvidia) , because that is makiing money so fast that you can use that to later on pour into crypto as the year goes on
Click to expand...

Anybody hurting for cash probably shouldn't be using credit cards to purchase crypto on margin.
 
#2,322
#2,322
LittleVol said:
yeah and theyŕe doing that again. Dogecoin can be used on his ¨X ¨ platform now. And all of the recent spikes -like the one on January 21- were fueled by the same things. Community power.
BTC will rise and so will the alt coins, but ELon and Cuban are both huge supporters of DOGE.

It supposed to get to $5 or even $10 going into 2025. This specific number was told by my friend, who has been trading for i don know how long.

If youŕe hurting for cash. but have good credit ...apply for credit cards and use those to pay as many bills as possible, so that you can put cash into doge or another alt coin.
Also invest whatevr money you can into NVDA (Nvidia) , because that is makiing money so fast that you can use that to later on pour into crypto as the year goes on
Click to expand...

Bro…are you serious? Pay your bills with a credit card to gamble on a speculative investment? 🤣

Next weeks installment: get a title loan to buy lottery tickets!
 
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#2,323
#2,323
Thunder Good-Oil said:
Anybody hurting for cash probably shouldn't be using credit cards to purchase crypto on margin.
Click to expand...
Thereś all kind of deals where you can get no apr for 18 months and no annual fee.
This next bull run will be done in 18 months. You see what Im saying?

If you can even get $2000 into DOGE do it. And then look at again in April. Then July...
And i want speculate any further than that.
 
#2,324
#2,324
DC_Vol said:
Bro…are you serious? Pay your bills with a credit card to gamble on a speculative investment? 🤣

Next weeks installment: get a title loan to buy lottery tickets!
Click to expand...
Like I said. ¨Or not¨ :).

Itś your life man. Good luck!
 
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