ask an IE anything

[oldngray]

You should have tried to work with the first one—Diad 1. It was the size of a cake pan and weighed 10 pounds. It was a good dog killer though.

It was only about 5 pounds. But a great dog weapon.

 

[whereswaldo]

Why hasn't UPS started their own "AMAZON"?
We have the money and del network.
At least to slow down the world takeover by bezos.

 

[Ou812fu]

Incorrect on both. The Dollar and Bitcoin are both backed by faith. The Dollar is worth something because people have faith in the piece of paper. Same with Bitcoin. I can buy things with Bitcoin because of the belief in them. The US does not have trillions of dollars in gold.
Flipping a switch would mean turning off all computers running Bitcoin Core. That is estimated to be about 20,000 different computers.

The dollar is backed by debt. I never said the dollar was backed by anything.

 

[Ou812fu]

they are backed by the same thing gold is: the desire to retain wealth

wanting something to be "backed by" is a Central Banking psyop that you've apparently fallen for; the downfall of gold & silver was when it was relegated to a "backing" of paper fiat


this is laughably incorrect, it really shows you have no idea what you're talking about

Dear Lord. Well I'm a millionaire. I have tons of monopoly money.

 

[Ou812fu]

Incorrect on both. The Dollar and Bitcoin are both backed by faith. The Dollar is worth something because people have faith in the piece of paper. Same with Bitcoin. I can buy things with Bitcoin because of the belief in them. The US does not have trillions of dollars in gold.
Flipping a switch would mean turning off all computers running Bitcoin Core. That is estimated to be about 20,000 different computers.

If the Internet doesn't work, how do you use Bitcoin? Just curious.

 

[anonymous23456]

Why hasn't UPS started their own "AMAZON"?
We have the money and del network.
At least to slow down the world takeover by bezos.

Because that is like a carpenter says he can get into underwater welding for submarines. It will take time to build it up. Also check at Walmart to see why they didn't succeed knocking Amazon off the stand.

 

[Thebrownblob]

If the Internet doesn't work, how do you use Bitcoin? Just curious.

If the Internet doesn’t work, how would most people pay for anything? almost no one uses cash anymore.

 

[Ou812fu]

they are backed by the same thing gold is: the desire to retain wealth

wanting something to be "backed by" is a Central Banking psyop that you've apparently fallen for; the downfall of gold & silver was when it was relegated to a "backing" of paper fiat


this is laughably incorrect, it really shows you have no idea what you're talking about

It's funny I can buy more with less of gold. Yet it takes more dollars to buy less. And you think that something be backed by gold is bad. Man, you need something more then 1st grade economics. When it cost you more to buy something. That is a decrease in value.

 

[Ou812fu]

If the Internet doesn’t work, how would most people pay for anything? almost no one uses cash anymore.

But if you have cash. You could still use it. Lol. I live in a pretty big cash driven area.

 

[Thebrownblob]

It's funny I can buy more with less of gold. Yet it takes more dollars to buy less. And you think that something be backed by gold is bad. Man, you need something more then 1st grade economics. When it cost you more to buy something. That is a decrease in value.

I have invested in both silver and gold. It’s stunning The amount of people who would take neither one for a regular payment. It’s widely excepted as valuable, but not so widely accepted as payment.

 

[Thebrownblob]

But if you have cash. You could still use it. Lol. I live in a pretty big cash driven area.

For sure I still carry cash, but it’s crazy. The amount of people who never have any. Everything is digital now.

 

[Ou812fu]

I have invested in both silver and gold. It’s stunning The amount of people who would take neither one for a regular payment. It’s widely excepted as valuable, but not so widely accepted as payment.

But you could trade it in for an increase of dollars?

 

[anonymous23456]

It's funny I can buy more with less of gold. Yet it takes more dollars to buy less. And you think that something be backed by gold is bad. Man, you need something more then 1st grade economics. When it cost you more to buy something. That is a decrease in value.

I know gold has value but how does it work in time of crisis. Let say I want to buy a loaf of bread. Do I chip a corner of my gold bar for it? I can't do that easily. Some farmers won't care about taking gold for their chicken. Who wants to hoard gold when the country is burning and no food? People will hoard food.

 

[Thebrownblob]

But you could trade it in for an increase of dollars?

Probably not but remember, you’re usually buying your gold with dollars. Lol.

 

[anonymous23456]

Probably not but remember, you’re usually buying your gold with dollars. Lol.

So it goes back to the dollar as long as we have a government.

 

[Ou812fu]

same thing gold is backed by, a desire for wealth that can't be easily stolen or inflated by the government

on the blockchain

https://www.usdebtclock.org/

 

[Ou812fu]

So it goes back to the dollar as long as we have a government.

https://www.usdebtclock.org/

 

[Thebrownblob]

I know gold has value but how does it work in time of crisis. Let say I want to buy a loaf of bread. Do I chip a corner of my gold bar for it? I can't do that easily. Some farmers won't care about taking gold for their chicken. Who wants to hoard gold when the country is burning and no food? People will hoard food.

Gold silver are a smart tool to use in your portfolio. The people who say buy gold because of SHTF economic worldwide glass, are kind of funny, in a true system collapse. Everyone is screwed, the only precious metal you really would need is brass.

 

[Ou812fu]

Gold silver are a smart tool to use in your portfolio. The people who say buy gold because of SHTF economic worldwide glass, are kind of funny, in a true system collapse. Everyone is screwed, the only precious metal you really would need is brass.

In a collapse it best to have a trade you know or a valuable trade in products.

 

[catstalking]

https://www.usdebtclock.org/

i don't understand your point, that the US govt is up to their eyeballs in debt?

yeah, that's kind of why Bitcoin was created, it is a direct hedge against the Fed