Jump to content

Recommended Posts

Posted
10 hours ago, LCHorn said:

Scott Galloway says Bitcoin investment is a bit of a “fuck you” from Gen Z to the previous generations homeowners, 401-k investors, Vanguard account holders, etc.  He describes it as an act of rebellion against the wealth hoarders.
 

If that’s true, I’m not sure why they’d be any more likely to sell than any other market participant.

My point is that folks with less liquidity have less means to ride out volatility when it spirals downward.  I am just very uncertain that bitcoin truly insulates against it moving along with the markets downward if things go really bad?  I just do not think it is a as decoupled as some assert. I have watched it decouple to some degree for certain.  And the uncertainty of US fiscal policy in combination with the potential of the US government embracing of bitcoin.

it seems to me that the possibility of the US embracing bitcoin is as much responible for the rise as any other factor.  Or am I misreading this timeframe?  As I have not been closely following at all.

Posted

It's just funny, because you can't buy food, shelter, diapers, formula or medicine with BTC. We've beaten this dead horse over and over, and simply saying another protocol that is unused for commerce doesn't fix that either 

Posted

Great, and why is putting a 30+ minute transaction confirmation timer into a tablet a panacea for any of the previously covered problems with actually conducting commerce with this so-called currency?

And yeah no shit finance goons are figuring out ways to financialize the BTC and to do what, pray tell? Oh yeah, secure ACTUALLY USEFUL currency against it as loan collateral. None of it is actually useful - or to your rhetoric - freeing. It's just putting your financial life into the hands of profit extractors that definitionally do not have your best interests at heart

Posted
53 minutes ago, Luka said:

It will use the lightning network on top of bitcoin.

 

  Reveal hidden contents

May 27 2025, LAS VEGAS – Block, Inc. (NYSE: XYZ) today announced it will launch bitcoin payments on Square, marking a significant milestone in making bitcoin more accessible and usable. Bitcoin payments on Square will be showcased at Bitcoin 2025 in Las Vegas from May 27-29, where attendees can experience this new feature firsthand at the BTC Inc. merchandise store. By leveraging the Lightning Network, the Square Point of Sale app enables merchants to accept bitcoin payments directly through their Square hardware for near-instantaneous, low-cost transactions. The roll out is anticipated to begin in the second half of 2025 and is expected to reach all eligible Square sellers in 2026, subject to applicable regulatory approvals.

Square’s new, native Bitcoin For Businesses offering will build upon its Bitcoin Conversions feature launched in 2024, which allows qualified merchants to automatically convert a portion of their daily sales into bitcoin. Together, these bitcoin offerings will create a seamless experience for both merchants and customers, helping bitcoin to fulfill its original vision as a true peer-to-peer payment system, as outlined in the bitcoin whitepaper.

“Block has long been a champion of bitcoin, focused on making it more accessible and usable in our everyday lives," said Miles Suter, Bitcoin Product Lead at Block. “Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal. When a coffee shop or retail store can accept bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.”

For customers, paying with bitcoin is as simple as scanning a QR code at checkout. The Lightning Network enables near-instant settlement, while Square's integration handles all the complexity behind the scenes, including real-time exchange rate calculations and confirmation notifications.

“We believe in an open, decentralized, fair, fast, and low-cost money system for everyone, and that’s exactly what we want to bring to Square sellers,” added Suter.

Bitcoin payments on Square will be the latest addition to Block’s growing bitcoin ecosystem, which includes Cash App’s bitcoin buy, sell, and transfer capabilities; Bitkey, a self-custody bitcoin wallet; Proto, a suite of bitcoin mining products and services; and Spiral, which builds and funds open-source projects that advance the use of bitcoin as a tool for economic empowerment.

Block is also advancing global access to bitcoin through Bitkey, a self-custody bitcoin wallet launched in March 2024. Starting in May, Bitkey will roll out new privacy and security features to further strengthen user control and protection. Designed to eliminate the complexity of traditional seed phrases, Bitkey uses a built-in, multi-signature security and recovery system that offers users full control and simple recovery options. It's the only hardware wallet that provides inheritance as a recovery feature to all users, helping people ensure that if they are unable to move their funds their beneficiaries are able to initiate a recovery process. Bitkey was built to make self-custody intuitive, secure, and accessible for people around the world.

In addition, Block is building Proto, bitcoin mining products and services that aim to decentralize mining by increasing access to tools for builders, regardless of size or location.

 

hooray, they've created paypal with extra steps and somehow even less guardrails! It's specifically breaking the trustless model of BTC to require trust in a 3rd party and the sidechain you set up with them to enable lightning network payments. And it requires up-front funding of any escrow lightning side-chains you set up, which is a considerable barrier to onboarding.

Posted
15 minutes ago, Thetexashammer said:

We are going vertical with the debt now. Printer goes brrrrrrr.

image.png.5b1dc0ded1d9898d5fefb95b45284840.png

ground breaking stuff right here.

 

Is this supposed to be informative to ANYONE?

Posted
13 hours ago, Thetexashammer said:

We are going vertical with the debt now. Printer goes brrrrrrr.

image.png.5b1dc0ded1d9898d5fefb95b45284840.png

 

8 hours ago, StassneyHorn said:

They colored the graph red and blue for what party was President so that tells us everything we need to know.

Not really. It doesn’t look at what really matters. Debt as a % of GDP. And it doesn’t show who actually had control over a budget when it was set. This post from the mortgage thread does. The Republicans are not the wonderful stewards of money they claim to be, and Donald Trump was and is looking to be again a disaster. 
 

 

Fiscal Year

 

 

President Responsible

 

 

House Control

 

 

Senate Control

 

 

Deficit (USD)

 

 

% of GDP

2012 Barack Obama (D) Republican Democratic $1.327 trillion 8.5%
2013 Barack Obama (D) Republican Democratic $680 billion 4.1%
2014 Barack Obama (D) Republican Democratic $485 billion 2.8%
2015 Barack Obama (D) Republican Republican $442 billion 2.4%
2016 Barack Obama (D) Republican Republican $585 billion 3.1%
2017 Barack Obama (D)† Republican Republican $665 billion 3.4%
2018 Donald Trump (R) Republican Republican $779 billion 3.8%
2019 Donald Trump (R) Democratic Republican $984 billion 4.6%
2020 Donald Trump (R) Democratic Republican $3.132 trillion 14.9%
2021 Donald Trump (R)† Democratic Republican†† $2.775 trillion 12.4%
2022 Joe Biden (D) Democratic Democratic $1.375 trillion 5.5%
2023 Joe Biden (D) Republican Democratic $1.695 trillion 6.3%
2024 Joe Biden (D) Republican Democratic $1.833 trillion 6.4%
2025 Joe Biden (D) Republican Democratic $1.9 trillion 6.5%
 

Footnotes:

  •  Although Donald Trump was president during part of FY 2017 (starting January 20, 2017), the FY 2017 budget was mostly planned and signed into law during the Obama administration. Trump later signed supplemental appropriations.

  • †† Senate control in FY 2021 was effectively split 50-50 after the January 2021 runoffs in Georgia, with Vice President Kamala Harris (D)casting tie-breaking votes, giving Democrats functional control starting late January 2021 — but this occurred after the FY 2021 budget was largely set under Republican control.

I think this chart sums it up pretty well. Barack Obama did a pretty good job as President keeping spending under or around 3% of GSP after the 2009 financial crisis died down. Trump was an absolute disaster because he panicked during Covid and wildly overspent. Biden was ridiculously overspending, and here we sit with Trump in office and in control over both houses of Congress and the House passed a budget that will be the worst yet. Specifically for FY 2026, the Committee for a Responsible Federal Budget estimates that the deficit could rise by nearly $600 billion, bringing the total deficit to approximately $2.3 trillion, or about 7.3% of GDP . Fucking disaster.

 
  •  
Posted
5 hours ago, Dbeasy said:

 

Not really. It doesn’t look at what really matters. Debt as a % of GDP. And it doesn’t show who actually had control over a budget when it was set. This post from the mortgage thread does. The Republicans are not the wonderful stewards of money they claim to be, and Donald Trump was and is looking to be again a disaster. 
 

 

 

Fiscal Year

 

 

President Responsible

 

 

House Control

 

 

Senate Control

 

 

Deficit (USD)

 

 

% of GDP

2012 Barack Obama (D) Republican Democratic $1.327 trillion 8.5%
2013 Barack Obama (D) Republican Democratic $680 billion 4.1%
2014 Barack Obama (D) Republican Democratic $485 billion 2.8%
2015 Barack Obama (D) Republican Republican $442 billion 2.4%
2016 Barack Obama (D) Republican Republican $585 billion 3.1%
2017 Barack Obama (D)† Republican Republican $665 billion 3.4%
2018 Donald Trump (R) Republican Republican $779 billion 3.8%
2019 Donald Trump (R) Democratic Republican $984 billion 4.6%
2020 Donald Trump (R) Democratic Republican $3.132 trillion 14.9%
2021 Donald Trump (R)† Democratic Republican†† $2.775 trillion 12.4%
2022 Joe Biden (D) Democratic Democratic $1.375 trillion 5.5%
2023 Joe Biden (D) Republican Democratic $1.695 trillion 6.3%
2024 Joe Biden (D) Republican Democratic $1.833 trillion 6.4%
2025 Joe Biden (D) Republican Democratic $1.9 trillion 6.5%
 

Footnotes:

  •  Although Donald Trump was president during part of FY 2017 (starting January 20, 2017), the FY 2017 budget was mostly planned and signed into law during the Obama administration. Trump later signed supplemental appropriations.

  • †† Senate control in FY 2021 was effectively split 50-50 after the January 2021 runoffs in Georgia, with Vice President Kamala Harris (D)casting tie-breaking votes, giving Democrats functional control starting late January 2021 — but this occurred after the FY 2021 budget was largely set under Republican control.

I think this chart sums it up pretty well. Barack Obama did a pretty good job as President keeping spending under or around 3% of GSP after the 2009 financial crisis died down. Trump was an absolute disaster because he panicked during Covid and wildly overspent. Biden was ridiculously overspending, and here we sit with Trump in office and in control over both houses of Congress and the House passed a budget that will be the worst yet. Specifically for FY 2026, the Committee for a Responsible Federal Budget estimates that the deficit could rise by nearly $600 billion, bringing the total deficit to approximately $2.3 trillion, or about 7.3% of GDP . Fucking disaster.

 
  •  
  •  

I’m sorry but I know what red and blue mean in a chart.

  • Fuck You 1
Posted
1 hour ago, StassneyHorn said:

I’m sorry but I know what red and blue mean in a chart.

You also apparently know how to be an idiot. 

  • Haha 1
Posted
1 hour ago, Dbeasy said:

You also apparently know how to be an idiot. 

QFT.  These threads have become painful so I’m deploying the ignore function more and more to make them readable.

Posted
5 hours ago, StassneyHorn said:

I’ve been an active participant in this thread for 5 years and post mostly in CR. If you can’t pick up sarcasm in my posts please touch grass.

A bit is a bit Stassney.  It does not differentiate between sarcasm and truthiness…

Posted
On 6/6/2025 at 11:20 PM, Dbeasy said:

 

Not really. It doesn’t look at what really matters. Debt as a % of GDP. And it doesn’t show who actually had control over a budget when it was set. This post from the mortgage thread does. The Republicans are not the wonderful stewards of money they claim to be, and Donald Trump was and is looking to be again a disaster. 
 

 

 

Fiscal Year

 

 

President Responsible

 

 

House Control

 

 

Senate Control

 

 

Deficit (USD)

 

 

% of GDP

2012 Barack Obama (D) Republican Democratic $1.327 trillion 8.5%
2013 Barack Obama (D) Republican Democratic $680 billion 4.1%
2014 Barack Obama (D) Republican Democratic $485 billion 2.8%
2015 Barack Obama (D) Republican Republican $442 billion 2.4%
2016 Barack Obama (D) Republican Republican $585 billion 3.1%
2017 Barack Obama (D)† Republican Republican $665 billion 3.4%
2018 Donald Trump (R) Republican Republican $779 billion 3.8%
2019 Donald Trump (R) Democratic Republican $984 billion 4.6%
2020 Donald Trump (R) Democratic Republican $3.132 trillion 14.9%
2021 Donald Trump (R)† Democratic Republican†† $2.775 trillion 12.4%
2022 Joe Biden (D) Democratic Democratic $1.375 trillion 5.5%
2023 Joe Biden (D) Republican Democratic $1.695 trillion 6.3%
2024 Joe Biden (D) Republican Democratic $1.833 trillion 6.4%
2025 Joe Biden (D) Republican Democratic $1.9 trillion 6.5%
 

Footnotes:

  •  Although Donald Trump was president during part of FY 2017 (starting January 20, 2017), the FY 2017 budget was mostly planned and signed into law during the Obama administration. Trump later signed supplemental appropriations.

  • †† Senate control in FY 2021 was effectively split 50-50 after the January 2021 runoffs in Georgia, with Vice President Kamala Harris (D)casting tie-breaking votes, giving Democrats functional control starting late January 2021 — but this occurred after the FY 2021 budget was largely set under Republican control.

I think this chart sums it up pretty well. Barack Obama did a pretty good job as President keeping spending under or around 3% of GSP after the 2009 financial crisis died down. Trump was an absolute disaster because he panicked during Covid and wildly overspent. Biden was ridiculously overspending, and here we sit with Trump in office and in control over both houses of Congress and the House passed a budget that will be the worst yet. Specifically for FY 2026, the Committee for a Responsible Federal Budget estimates that the deficit could rise by nearly $600 billion, bringing the total deficit to approximately $2.3 trillion, or about 7.3% of GDP . Fucking disaster.

 
  •  
  •  

Donald Trump Reaction GIF
 

got it 

  • Haha 1

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...