Dick Cuckerson @DickCuckerson
Journalist, financial analyst, economist, sportsfan. Exploring #MMT & dabbling in #Marxism (just the good parts!). Editor at The Ecommunist: https://t.co/Ts2Cnqm1nO ecommunist.org Washington, DC Joined February 2024-
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Honest question for #Bitcoin Evangelists: Why do you need privacy if you have nothing to hide?
There’s still time to sell your #bitcoin before the price gets cut in HALF at the Halving!
I would be really worried if I held #bitcoin right now… Looks like it’s going to zero — better get out while you still can. Dollars are REAL money and always the safest place to store your wealth. Don’t say I didn’t warn you!
There has never been a better time to own dollars.
Looks like #Bitcoin is dead… Enjoy your worthless tulips, suckers! Checkmate.
Oh look, the price of #Bitcoin measured in REAL money. Checkmate.
Serious question: what is the use case of #Bitcoin? (besides criminals receiving beanie baby tokens for ransomware attacks) Seems like it has no utility whatsoever in a world where we have the U.S. dollar and PayPal exists (unless you're a criminal)... Checkmate.
#Bitcoin is basically a tulip bubble where the price of the tulips is denominated in beanie babies.
If #Bitcoin is supposed to be a “currency” then why can’t I buy a cup of coffee with it? Checkmate.
#Bitcoin Evangelists are clearly triggered, responding with comments like “because they need to pay their bills! Duh!” But I thought bitcoin was MONEY?? In your attempts to answer my question you have fallen into my trap and admitted that Bitcoin is NOT money. Checkmate.
#Bitcoin Evangelists are clearly triggered, responding with comments like “because they need to pay their bills! Duh!” But I thought bitcoin was MONEY?? In your attempts to answer my question you have fallen into my trap and admitted that Bitcoin is NOT money. Checkmate.
#Bitcoin evangelist admits Bitcoin is a scam 🚨🚨🚨 “They are effectively scamming the electric companies.”
I think it’s about time to write a new exposé on the #Bitcoin Ponzi scheme… Let me know if you have any suggestions for topics. It’s going to be hard to top my last one… but that’s what being a journalist is all about.
I think it’s about time to write a new exposé on the #Bitcoin Ponzi scheme… Let me know if you have any suggestions for topics. It’s going to be hard to top my last one… but that’s what being a journalist is all about.
If #Bitcoin is so “valuable” and “scarce” then why do Bitcoin miners sell it? Checkmate.
If you think owning #bitcoin on the verge of a potential world war is a good idea, you probably need to see a doctor & have your head examined for mental issues. You should own DOLLARS. Why? Because dollars are backed by bombs. Bitcoin is backed by unicorn farts. Checkmate.
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38.0M Followers 46 Following Husband to @DrBiden, proud father and grandfather. Ready to finish the job for all Americans. Official account is @POTUS.@allenf32 Allen going full @DickCuckerson today
if full reserve banking is so great then why does anybody who tries to do it get thrown in a box and have all their stuff stolen? and if fractional reserve banking is so bad then why is it constantly winning in the free market? checkmate, "free marketers".
@Swan @coryklippsten @TradeTalks @JillMalandrino @DzambhalaHODL this can't be possible. I was told quite definitively from the very esteemed CEO of one of our most trusted financial institutions Chase's very own Jamie Dimon, that maybe Satoski will pop up & say 'surpise' & change the fixed supply. checkmate see @DickCuckerson for more
This is so old, it's new: “Gold is money. Everything else is credit.” J.P. Morgan, testimony in Congress, 1912! Problem is: Money now isn't even seen by the US Govt as debt; otherwise, they wouldn't treat it as disposable.
Banks have some balls. We won't participate in U.S. Treasury markets if you don't backstop us AND "permanently exclude on-balance sheet US Treasuries from total leverage exposure". 🙈🙅
If the plan I’m following works, it’s going to be a great success story. Thank you all for following my journey chapter by chapter.
@DickCuckerson another way to point out the illusion of #Bitcoin $BTC trades 24/7/365 so it's been trading for over 131,400+- hours (15 years). Equities only trade 6.5 hours per day, so in "market years" #Bitcoin has REALLY been around for 55 years.
Bitcoin -$3600. In under 2 hours. This is not savings, not money, not even currency. Nothing but a speculation, a casino chip. Will it go up to $100K and beyond? Maybe. I don't know, and neither do the glib voices who assure you it will.
Boarding my flight to Sydney. Let’s go!
Don't miss this must see documentary 'Finding the Money' Exploring the link between climate action and economics. Featuring Stephanie Kelton, a world leading expert on Modern Monetary Theory and served as chief economist on the U.S. Melbourne, Feb 28th: events.humanitix.com/finding-the-mo…
Bitcoin is so advanced, Yet I still can’t go to the grocery store and buy food with it 🙄
Bitcoin bros would rather insult someone than have a conversation. It’s sad that the future of technology and money has such a vile community.
@CreeptoInflunce What’s the value of 1 Bitcoin right now?
Bitcoin is backed by USD. Without USD Bitcoin is worthless. If you don’t believe me, just ask yourself: “What is Bitcoin valued at right now?”
It is impossible to debase a fiat currency. Bitcoin is not a currency. It is like a commodity denominating in real state currencies like $USDs and Euros. Without imposed taxes and means to enforce tax laws, Bitcoins without state currencies = CS of A money
FYI, US Congress passes a bill to buy something from the private sector. Bombs 4 the USAF, or new computers 4 the IRS, all federal spending is a purchase. As long as the Govt is buying what the economy has 4 sale or can produce, no inflation. @brumbitcoin = ignorance
This is a real important point showing how misguided the focus on money actually is. Do we as a society have enough resources to provide healthcare, food, energy, shelter, education, & more to everyone? Of course we do--case closed! All else is ideology.
Money may be what you THINK you lack, but I am certain it is the real resources you lack like Healthcare, Food, Energy, Shelter, Education. Rather than receive money...that has no price anchor... fight for universal basic services. Inflation should've taught everyone that lesson
@brumbitcoin Also, when the US Govt spends, the cost to each US citizen is exactly $0.00. The US Govt neither has nor doesn't have any $USDs. New $USDs are created each time a bill enacted by Congress is paid by crediting bank reserve accounts.
@brumbitcoin Printed dollars are printed for the use of commercial bank customers who want to carry cash. The printed notes are exchanged for the commercial bank's digital reserves in the Fed and the effect on the money supply is ZERO.
#LearnMMT because it is Kryptonite to Neoliberal policies!
1/4: SEC's approval of Bitcoin spot ETFs doesn't mean that BTC is safe or secure. Bitcoin's speculative nature still poses significant risks. A new ECB Blog post debunks Bitcoin's promises. Vigilance is crucial. #Bitcoin #ECB #Cryptocurrency #SEC ecb.europa.eu/press/blog/dat…