RE: Internet Having a Field Day With Peter Schiff
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Sure, it's like Grandpa in the early 90's table-flip rage-quitting the Internet itself.
"HTTP://ww..." WHAT?!
This will never catch on!
Too confusing.
I don't really know anything about ETFs. I'm curious as to how they could be more simple than booting up a Coinbase account and linking it to a bank account or a credit card.
But yeah, looking into the past, I've had quite a few scares where I transferred crypto and the wait was so long I thought I might have lost the money forever. Even just that anxiety is a high cost to pay, and that's coming from a computer science major. The general population is going to have a heart attack over this stuff.
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This is a lot harder than you might think for most people. I have had to help multiple people in my family do this. You have to upload photos of your ID documents, and take a selfie with them, and things like that, all of which are difficult and a big pain. On top of that, it will decline most credit cards in the US and sometimes will result in your credit card being shut off due to suspected fraudulent purchases, and linking a bank account often has issues and/or people don't want to put in their bank account info because they don't "trust it" (there is some irony here).
An ETF would make bitcoin available via the traditional means that most people already know how to use. You can buy it just like you would buy a stock or mutual fund through services like E*Trade, or Fidelity, or you can call up your financial advisor and they can handle it for you through the services that they already have set up and are familiar with.
An ETF will make a world of difference for ease of investment, but of course the ETF investors won't actually hold any of that bitcoin themselves so they lose out on the freedoms and advantages that can provide.
yea man. let's get some more men in grey suits for every little problem.
the matrix will do it for ya! ;)
;)
Ghosts in the machine will fuck those little grey men up.
what ghosts?
'Ghost in the Machine' is a pretty famous anime about self-aware AI spontaneously emerging from industrial supercomputers. In that regard, it was a bit of tongue in cheek, responding to your own jibe about 'little grey men'.
However, hardware faults can be considered similar to mutations in biological systems, and produce unpredictable and random signals and noise into digital information systems. The results of such signals are unpredictable, and usually contrary to whatever the system is devised to undertake. However, just like biological mutations, it's conceivable that such spontaneous random signals can also produce beneficial, or effects which aren't negative.
Frankly, Imma do more bartering. I don't find digital systems reliable, because of my decades of experience losing data from hard and soft ware problems, and neither do I trust legacy financial mechanisms. Banks are inveterate frauds IMHO, and have stolen $100k's from me before I quit using them.
Pretty much leaves barter.
I love how you think and need to see that anime :) ^^