Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?

[BadIdeaGuy]

We told them don’t you dare liquidate our treasuries.

Your reaching…grasping. Relax. Siri makes it hard on me sometimes with talk to text.

Anyone that treats an investment as a religion is either misguided, or directly benefitting from the ignorant followers.

 

[BadIdeaGuy]

No worries. They will eventually. There is a halving that waits for no one.

Definitely not a religion. Lol.

 

[Over70irregs]

The government needs the control its spending.

The FED really messed up after covid when I started issuing short-term treasuries
The rights was very low they should have done 10, 20 and 30 year treasuries
At 1% or less

They can’t control. Greed is base in nature. It has to be taken out of their hands.

 

[IVE GOTTA PACKAGE 4U]

They can’t control. Greed is base in nature. It has to be taken out of their hands.

It's not going to end well

 

[Over70irregs]

Anyone that treats an investment as a religion is either misguided, or directly benefitting from the ignorant followers.

Religions have a leader. Buildings. Addresses. Non-profit designations. Telephone numbers. Centralized leadership. Also prone to falling off the path. Political affiliations abound.

 

[Over70irregs]

It's not going to end well

I recommend parallel economies. Slow gradual draw down. Get infrastructure rebuilt. Steady housing, food access. This will lessen anarchy.

 

[IVE GOTTA PACKAGE 4U]

I recommend parallel economies. Slow gradual draw down. Get infrastructure rebuilt.

We cannot outgrow this problem

 

[Over70irregs]

We cannot outgrow this problem

We have a population replacement problem. Also a slow realization that a chunk of population is stuck in financial dog paddle. Just stack hard $ and enjoy your life.

 

[BadIdeaGuy]

Religions have a leader. Buildings. Addresses. Non-profit designations. Telephone numbers.

Not even remotely true.

 

[Over70irregs]

Not even remotely true.

I help run an organization. It is reality… it is now.

 

[BadIdeaGuy]

I help run an organization. It is reality… it is now.

Christianity has no phone number. No address. No mortal “leader”.

You can find local groups with such trivial attributes, but the religion doesn’t have them.

There are those on this board that treat Bitcoin as a religion.

 

[Thebrownblob]

Don’t have to trust. You can run your own node to verify for yourself. Ask the people in Central Pension how trust went. If they could have verified their funds it would not be underfunded and/or made adjustments accordingly.

Run your own node? You do realize 80- 90% of the people in this country have no idea what you’re talking about and that is exactly why it’s not an investment vehicle for the investment majority at this time.

 

[BadIdeaGuy]

Run your own node? You do realize 80- 90% of the people in this country have no idea what you’re talking about and that is exactly why it’s not an investment vehicle for the investment majority at this time.

And the fact of the matter is that anyone with enough computing power and bandwidth can run many nodes.

Giving them many votes in the future of the technology.

It’s a democracy where one IPV4 connection is one vote. Which is great if you are AWS, Azure, or Google Cloud.

 

[Over70irregs]

Christianity has no phone number. No address. No mortal “leader”.

You can find local groups with such trivial attributes, but the religion doesn’t have them.

There are those on this board that treat Bitcoin as a religion.

All religions gravitate towards centralization. We have to resist it and allow growth of the people. That is our true purpose. Even God wasn’t singular…. “Let us make man”…

 

[Thebrownblob]

And the fact of the matter is that anyone with enough computing power and bandwidth can run many nodes.

Giving them many votes in the future of the technology.

It’s a democracy where one IPV4 connection is one vote. Which is great if you are AWS, Azure, or Google Cloud.

 

[Over70irregs]

View attachment 483879

 

[100%ORIONComplianceGuy]

It is in a pension.

Not if the asset provides a constant return overtime.

I’m a little bit confused. I thought true cryptocurrency champions hated fake Fiat backed by our federal reserve. Why would they want bitcoin to be an investment vehicle for something that pays out in Fake fiat?

To counter inflation. Which, unless you are on certain government pensions, are susceptible to the devaluation because of the inflation.

This is false.

Bitcoin *currently* has a fixed supply, with the promise of collective wisdom preventing future inflation.

I do not trust this to be a constant therefore.

False. Bitcoin is considered a hedge against inflation because of its finite supply.

 

[Thebrownblob]

Not if the asset provides a constant return overtime.

To counter inflation. Which, unless you are on certain government pensions, are susceptible to the devaluation because of the inflation.

False. Bitcoin is considered a hedge against inflation because of its finite supply.

Our pension has never been guaranteed against inflation. Best we can do is negotiate at contract year. We are not the government we do not have pretend money.

 

[BadIdeaGuy]

Not if the asset provides a constant return overtime.

Bitcoin is anything but constant with its return.

 

[BadIdeaGuy]

False. Bitcoin is considered a hedge against inflation because of its finite supply.

It doesn’t have a finite supply.

It has the supply that is voted upon.

Bitcoin can very plausibly increase the total coin supply through its democratic process.