1,517 karma · joined April 7, 2011
It tries to claim that the mom is just in this impossible situation and there’s no possible way to get out... that living in an SUV in the Walmart parking lot is the only option.
But it also says she’s making $1300 a month [edit: from social security disability]. Honestly, why can’t she drive that expensive SUV for an hour in literally any direction to reach a place where you can get a one bedroom apartment for like $500 a month?
This is what I don’t understand about homelessness: why do people insist that they have to live in a very high cost city?
I'm a member of this group, only because I was added without my consent, which is probably the case for most of the users in the group.
Just for giggles, I watched them do a pump and dump one time, and they basically sold the pump hard, managed to get about 10 Bitcoin in some tiny market cap coin, and then one guy sold all the way back down and left the "members" of the group holding the bag.
This group is a scam, but not in the way that this article says.
Also, telegram isn't encrypted as far as I know.
First of all, the industrial and jewelry value of gold is so far below the current market price, that if suddenly everybody decided that gold was only worth its utility value people holding gold would lose almost everything. The difference between 95% and 100% is really negligible.
Secondly, on power consumption, the whole "one transaction requires more energy than a house" is basically sophistry. Even if this number wasn't overstated, it's stated in a way that assumes that this is static, that buying a coffee costs a house worth of energy.
No matter whether you are a Bitcoin person or a Bitcoin cash person, the number of transactions per unit of energy in no way will stay the same. If you are a Bitcoin person, you will see the lightning network, which will increase transaction throughput by several orders of magnitude, and if you are a Bitcoin cash person, the block size will increase continuously, shoving more and more transactions per block.
Thirdly, the claim that you can't convert Bitcoin into cash is simply stunning. I use Gemini as an exchange daily, and I've witnessed $1 million being liquidated into US dollars in a couple of hours without much slippage.
Finally, I would ignore the final paragraph because this person has shown that he knows absolutely nothing about Bitcoin or cryptocurrency.
Yeah, that would be really nice.
We've seen 20% inflation before, and I see no reason we can't see it again.
I always posit this question, to which I have never received a satisfactory answer: What, exactly, would the US do if the world suddenly decided that the dollar was worth nothing?
Massive buybacks of dollars by the Fed would be seen as an ineffective and desperate move. Besides that, what other recourse do they have?
Instacart wants me to tip 20%, so that's $40 on a $200 grocery order to carry my groceries 3 miles.
I have no idea what's appropriate, but that seems outrageous.