Quote from: Torque on Today at 07:32:52 PM

Quote from: LoyceV on Today at 06:12:05 PM

Quote from: JayJuanGee on Today at 05:07:35 PM

There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin

It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market.
People have no idea how it really works, and that makes them sleep at night.

Quote from: Henry Ford

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Also ask the average person if paying off their 30 year mortgage to own their home *depends entirely* on them 1) being employed with no major gaps, and 2) their salary rising for 30 straight years. When they answer "yes", ask them what happens when #1 and #2 are no longer viable moving forward.

Then watch them no longer sleep well at night.

There might be other problems with housing debt, but on a personal level housing debt has been a great way to leverage and to become rich as fuck... especially if you can either play it 30 years and not have needs to move (geographically stable or other reasons that keeping the house or the mortgage for that long is not a problem).. in other words, even if your salary did not go up very much in 30years, the value of your dollar would be worth quite a bit less.. and lower interest rates are better, if you are able to get that. Of course there are also a variety of ways to use debt poorly and to be your own worst enemy.

Quote from: bitcoinPsycho on Today at 08:05:36 PM

Quote from: OutOfMemory on Today at 06:31:45 PM

Quote from: naim027 on Today at 05:43:46 PM

Quote from: OutOfMemory on Today at 05:40:07 PM

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

LOL
Get a grip, man Cheesy

Sorry, i didn't mark my comment (the one you quoted) as irony Roll Eyes

It's all in the thread i linked you to.

Question is can you read the thread faster than jjg can type?
Probably not

I am sad.

my only recognizable skill