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Off-Topic discussion about Bitcoin and cryptocurrency.
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What? Al Gore conceded on the 13th December, after a month of genuine uncertainty over the winner in Florida.
Are you really going to compare that to what happened with Trump? There is no equivalence at all. Trump's defeat was not remotely close.
lol
This is me "not debating" about it.
Good, because you don't really have a leg to stand on
The 2000 United States presidential election in Florida took place on November 7, 2000, as part of the nationwide presidential election. Florida, a swing state, had a major recount dispute that took center stage in the election. The outcome of the 2000 United States presidential election was not known for more than a month after balloting because of the extended process of counting and recounting Florida's presidential ballots. State results tallied on election night gave 246 electoral votes to Republican nominee Texas Governor George W. Bush and 255 to Democratic nominee Vice President Al Gore, with New Mexico (5), Oregon (7), and Florida (25) too close to call that evening. Gore won New Mexico and Oregon over the following few days; but the result in Florida was to be decisive, regardless of how those two states had voted.
After an intense recount process and the United States Supreme Court's decision in Bush v. Gore, Bush won Florida’s electoral votes by a margin of only 537 votes out of almost six million cast (9⁄1000 of 1%) and, as a result, became the president-elect. The process was extremely divisive and led to calls for electoral reform in Florida.
What?
So, you are going to throw out a misrepresentation (as most people would see it) of what happened in both 2000 and 2020 and act as if you are somehow being above the fray -- and implicitly throw shade at anyone that would try to set the record straight?
If you choose to read it that way, feel free.
I choose to log an opinion. Anyone else is free to agree or disagree, refute or not, just not with my participation.
"I don't care enough" to debate it, as I said. Literally: I. Do. Not. Care. (Especially not about your interpretation of my intentions @espiegel123, btw).
Let’s move on from Trump, my bad for mentioning him.
A lot of the political and economic discussion is relevant to the topic, but not Trump.
I’m happy to take the L and move back on topic.
Denmark's an interesting one. They have the highest taxes in the world in Denmark, and it's the happiest country in the world. I won't draw a causation line between those two things. I think they're both made possible by a third thing, which is trust. It's a very high-trust society, and that's a good thing.
A low-trust society will always be more stressful. When I think of libertarians, I think of people who are expecting trouble, because somebody wants to take something from them.
A Danish person might leave their baby sleeping in a pram out on the street when they go into a café.
good podcast listen, PlanB (author of stock2flow) and Adam Back (author of hashcash used by satoshi in bitcoin, CEO of BockStream) about recen sell off, how it was connected with derivatives market, china mining, energy consuption and more.
https://art19.com/shows/the-investors-podcast/episodes/0ded0a1f-37ba-4d84-aa7a-60da39497a3f
No he doesn't. None of them "taxing x is robbery" warriors do.
There are quite a few countries on earth today where taxation doesn't practically exist, usually because the state can't collect, and surprisingly, no anti-tax people from the western world want to actually move there. It's a fact of life that people expounding on the curse of taxation, the nanny state etc. usually prefer doing said expounding from the security of one of these states. 🤷
As an aside, this thread seems to indicate that a pro-bitcoin stance sometimes strongly correlates with the use of radical terms, referred to as "telling it as it is" - from "robbery" to "enslavement". But once you just accept that, it becomes part of the entertainment. Reading dendy's takes, I went from "you gotta be kidding me, how old are you?" to "you know what, I actually want him to win this thing and buy his own island" in a few weeks.
Sorry for my ignorance (I don't live in the US), but are you making an equivalence here between Gore/Dems 2000 and Trump/GOP 2020?
Market is looking good right now. Doge is on fire btw
General PSA
I genuinely like Dendy due to our past history, and I'm more than happy to be wrong on every point I've made if that means he gets to buy his own island. 👍 I'll just have to have fun staying poor 😄
It's just a casino though isn't it? It's like someone having a hot hand on the roulette table:
I'm not denying Doge is unpredictable and risky. But in this case it is not exactly like a casino because this jump has a reason, due to sudden news of a forthcoming coinbase listing. Those who knew of that early had a chance to buy at a cheaper price, knowing it was highly likely to rise quickly. The same way ppl can make educated stock market gambles based on news and analysis....
Can you please quote me where i said i don't want any taxes ? I explicity said INCOME tax is robbery. I have no problem with other types of taxes, i understand that state has to get momey to run from somewhere. Especially i don't have any issue with real estate taxes, taxation of consumption (VAT), i would even taxate alcohol, tabaco a lot more than now (because it's using leads to higher usage of healthare system). I would also add additional taxes on shit like CocaCola and other drinks with high amount of sugar, because it breaks people health, makes them fat which again means higher demand for healthcare system. Payed by state.
So please don't put into my mouth words i didn't said. Was talking just about income taxation.
Hah.. as i said, i will probaly never have enouth to buy island :-D From financial point of view it's more like hobby for me
)) Unlikely at least in next 10 years .. maybe 20 years different story 
)) .. well see if stock 2 flow model doesn't break .. Anyway i'm in crypto more because i like tech and philosophy, cryptopunk community, plus i have a lot of fun trading insignificant (for me) amount of money so even if i loose will not commit suicide.
I'm 44yo. Just for info. Have son. Hate state authorities
)) , hardcore libertarian, as i said. Personal freedom for me always at first place above everything else.
The trouble is no-one can really predict the market - some people get lucky, but it's just that: luck. Ultimately the whole thing is completely beyond anyone's control. You're just as likely to get rekt as you are to get lucky.
Yeah, fucking Musk again tweeted, that's why ..
I swear i start trade his shitposts. Literally going to prepare small amount ready for this trade, and immediately he makes next shitpost about doge i'll buy, hold for few minutes and then sell. Fuck him.
Also Bitcoin is now close to upper resistance of weekly range, so people are starting to be a but more optimistic... I'm sitting on my hands and holding back, it may be just bull trap. Bears are still in market
I like Musk when it comes to space ships, not so much when he displays his ignorance on crypto matters. He was really torn apart recently on “The Bitcoin Standard” podcast for his uninformed comments about energy usage by miners.
great detailed analyse of current situation using eliot wave theory... (read replies, it's splitted to multiple posts)
I appreciate your passion, but sometimes it seems to interfere with your reading.
I said (and you correctly quoted) "taxing x is robbery" where x is a variable; in your case it is apparently income. For others it's something else. I put no words in your mouth. I didn't need to; you have just repeated your position yourself. I still root for your island though.
BTW, the tax I always disliked is the inheritance tax. That one does sound to common sense like robbery.
Then one day, as part of my economics studies I had to read an essay that argued for 100% inheritance tax above a certain limit. I laughed out loud at the title - but by page 4 I was thoroughly confused. The author made some rather good points.
Well, I still don't like the idea of the inheritance tax, but just imagine for a moment an English society where a few families whose ancestors happened to be drinking buddies with one medieval king or another did not own so much of the land under everyone's feet for ever, etc. Life is not black and white.
Yeah the point of inheritance tax is to stop the formation of dynasties (as you correctly allude to). It should have a high tax-free threshold so that it doesn’t affect anyone but the very rich IMO.
Btw, that is the case in the U.S. The threshold is very high -- but for many here any threshold is unacceptable -- I guess they imagine that some day they might have millions and millions. What people here in the U.S. often fail to consider is that if you have a fixed amount of money you need to raise via all forms of taxation combined that if you eliminate one tax, you need to increase another. So, by eliminating high threshold inheritance taxes, one is increasing the burden on people that are not wealthy. That also results in those people having less money to spend -- which contributes to the growing disproportionality.
Where is the bright line between a “dynasty” and a person or family reaping their just rewards? I mean, after all, if the money was legally earned it’s their property and no one else’s.
It’s one thing to earn your own “just rewards”, but have you really “earned” those of your parents, grandparents, or great-great grandparents?
My problem with inheritance tax has more to do with double-taxation. I guess I get it in the case of long-held family dynasties such as in the UK. But here in the US that's less common, and for many such wealth is often accumulated over only one or two generations.
If my parents went from rags to riches (they didn't - they went from rags to middle-class), they were taxed on every bit of that money already. If their estate included a home, they paid property taxes on that home. If they sold it they paid capital gains on it already. If their wealth included a business, that also was taxed in various ways.
So, if they pass that along, it gets taxed again. If I hang on to it and pass it along to my children, it gets taxed yet again? I just don't see how it's justified to keep taxing the same thing over and over. But that's just me. I'm not saying anyone else should agree.
It's the principle of the thing more than the actuality of it for me. It neither affects me nor will it my children (unless my crypto investments make me a multi-millionaire
). According to Wikipedia, in the US, the estate tax only affects about 2,000 households a year. Not enough for me to get worked up about and not anything I can influence, so c'est la vie.
Did I put enough disclaimers to keep anyone from jumping down my throat for declining to debate about my opinion?
@wim it's all good, just an exchange of ideas.
My counter to the double-taxation argument is pretty simple: your parents might have been taxed once on the money you inherit, but you haven't - so as it passes to you it's actually the one and only time you will be taxed on it. So IMO it's not really double-taxation, each beneficiary is taxed once.
Sure. If a family heirloom is passed down to you, is it suddenly “public property” if you didn’t work to get it? Money is property, so there is no difference.