$CleanSpark (CLSK.US)$ Just sell and buy something else if y...

egan1 : why wouldn't you just own Bitcoin? miners just haven't paid off

ForeverBean OP egan1 : I do trade BTCs Short-term only tho. You don't see needles often in stock prices.

LuckyLuke : btc its a nice tool to help gov's to get rid a part of its massive debts

10baggerbamm LuckyLuke : so do you actually think governments are buying Bitcoin and investing in Bitcoin that would be my question to you because for the most part the governments like in Germany like the United States that have a significant amount of Bitcoin and a few other countries have any result of exchanges that have failed or illegal activities that utilized it and they seized it. so how do you think they're passing off debt in the Bitcoin why don't you elaborate on that because that's a completely new viewpoint that I can't put my head around how that's even remotely possible

sick4cash 10baggerbamm : Stop putting the government and everything. Just do what you need to do.

10baggerbamm sick4cash : I'm asking for his clarification he's saying that it's a way for governments to eliminate their debt and I want to know where is his logic ?

LuckyLuke : Let's assume the government created BTC. It would not be possible to reach the current price level if everyone knew that it was backed by USD which is not even backed by gold and has since lost 97% of its value which is why they invented Satoshi
and no one will ask this person for details. Governments are unpredictable and capable of anything, and we are talking about the government of the United States. This is just a theory and I'm not saying it's true, but BTC would be a good way to extort a significant amount of money from people around the world.

LuckyLuke 10baggerbamm : In a recent interview with Fox News, Donald  Trump voiced support for using BTC as a tool to help pay down the US $35 trillion national debt. How did he get that idea from  and wher is his logic lol

10baggerbamm : I heard that interview yesterday I think president Trump said that just in an off the cuff thing that we're going to use Bitcoin to pay off the national debt of 35 trillion dollars it's actually more if you look at unfunded liabilities it's probably $150-160 trillion it used to be like a hundred and ten so it might even be 200 trillion at this time I don't even know the number. the whole idea is if Bitcoin starting at $64,000 or wherever it is that so this msg on Saturday, and and we have the government adopted in the United States and build a war chest of Bitcoin just like they have for gold as a strategic reserve you know and oil also for example. then you're going to see every other Nation do it and most quote unquote experts that have models set up they see it going to a million dollars and some see it by 2040 by 2050 some are much sooner in the whole premises if it commands 50% of the value of what gold is which is a little over 4 trillion then a 2 trillion dollars you divided out by the number of Bitcoin and you come up with a dollar amount. I don't even know if that dollar amount would pay off the debt certainly by that time that's going to be at another zero behind it.

10baggerbamm LuckyLuke : the reality is is somebody needs to go in and start eliminating all of these massive government spend programs there's too many intermediary third parties with sticky fingers that are collecting money along the way for doing nothing and there's so many programs that don't need to be in place we don't need to subsidize farmers in the US when the farmers are Archer Daniel Midland and similar in size they're massive corporations they don't need to be subsidized they're publicly traded companies. so somebody needs to go in and start eliminating massive programs and you start from the top down when was it initiated why did we put it in place what is the benefit right now today do we need it yes or no , no X goodbye you're done next. the problem with this it's going to piss off too many bureaucrats along the way that do nothing and collect fat paychecks too many lobbyists who have their hands in the honey pot of cash getting paid off and kickbacks things like that for large corporations but that's what needs to be done to get the purse strings in place in this country so we don't continuously piss money away needlessly. there's probably 30 or 40% of programs that should be eliminated it might even be a higher number it might even be 50 or 60% but the downside is those people that have been signing the back of a check for their whole life doing nothing they need to get a real job because the days of sucking off of the taxpayer would be over