Now that we have a new thread, in order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a complete and thorough read before posting!
NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets.
Your supporting statement should always come BEFORE you provide the source.
Different organizations allowing Crypto trading similar to securities does not mean anything about adoption or actual use.
I like how you completely skipped over the "not used by anything other then buying drugs" part and went on to talk about a "collapse" of a huge economy that is, by the way, doing just fine. I'm sure you are one of those guys who have been hyping up how we are all going to be using crypto and blockchain for everything "Soon" since about 2015. How are your NFT's doing btw?
Germany has an extremely robust social net, huge industrial base, their Military industry is on a huge uptick and with the rash of spending all across the world they will do just fine.
Not everyone is obsessed with the "number go up" mentality that has, like a cancer infected a lot of people.
Maybe you should google how the GDP and quality of life graphs look for EU countries vs many of the countries that have much better GDP numbers to actually understand that going all in on gambling economy which Crypto definitely is doesn't really do anything for most of the people.
Crypto is and always has been a solution looking for a problem, sure, it did make some players re-thing traditional finance and that's about the only good thing to come out of it, if we Europeans get to dump American fintech companies and start paying for things without involvement of any bank other then the central one here, that's great, it sure won't require a stablecoin or any of the dumb, wasteful technology around Crypto.
On November 12 2025 04:22 Jankisa wrote: Different organizations allowing Crypto trading similar to securities does not mean anything about adoption or actual use.
I like how you completely skipped over the "not used by anything other then buying drugs" part and went on to talk about a "collapse" of a huge economy that is, by the way, doing just fine. I'm sure you are one of those guys who have been hyping up how we are all going to be using crypto and blockchain for everything "Soon" since about 2015. How are your NFT's doing btw?
Germany has an extremely robust social net, huge industrial base, their Military industry is on a huge uptick and with the rash of spending all across the world they will do just fine.
Not everyone is obsessed with the "number go up" mentality that has, like a cancer infected a lot of people.
Maybe you should google how the GDP and quality of life graphs look for EU countries vs many of the countries that have much better GDP numbers to actually understand that going all in on gambling economy which Crypto definitely is doesn't really do anything for most of the people.
Crypto is and always has been a solution looking for a problem, sure, it did make some players re-thing traditional finance and that's about the only good thing to come out of it, if we Europeans get to dump American fintech companies and start paying for things without involvement of any bank other then the central one here, that's great, it sure won't require a stablecoin or any of the dumb, wasteful technology around Crypto.
1. trading is a transaction. Polygon market is absolutely massive for betting scene. So no, we have gone far beyond "buying for drugs", we literally have people being paid in bitcoin. Money use case isn't just for transaction, let alone crypto is build to be more like asset. If you hold any money in a saving account, or sitting in broker, what's that for then? 2. No. I don't own NFT. But you do know tokenized stock is using NFT technology? Do you think stock market and banks closing hours is normal? 3. Being stagnation/recession is fine? Um what. What you want is real GDP growth. 4. Social welfare is a cost. Why are you expecting it to strive under a stagnating economy? German welfare state 'can no longer be financed' — Merz – DW – 08/23/2025 https://share.google/ChPSkRkVTFRcqrKhL 5. Number going up isn't the only thing. Germany is having piss poor real GDP growth and relative growth. 6. yeah, better social welfare is great.
So it seems you are happy as long as social welfare can keep up. Great
Crypto is a perfect scheme for the extractionist institutions that just want to suck capital away from everything and concentrate it. That's it - at least for now. However, there are very interesting use cases, and if society is willing to actually adopt it, it could be extremely interesting, but for now... way too many fundsdrainers. The current state of crypto is nothing but cynical opportunity.
On November 12 2025 04:46 Uldridge wrote: Crypto is a perfect scheme for the extractionist institutions that just want to suck capital away from everything and concentrate it. That's it - at least for now. However, there are very interesting use cases, and if society is willing to actually adopt it, it could be extremely interesting, but for now... way too many fundsdrainers. The current state of crypto is nothing but cynical opportunity.
99% of crypto are shitty "projects", but the 1% is going to play a huge role in fintech.
You don't actually need the society to adopt via some social experiment, which is why I said the "crypto makes no sense" people don't matter.
Same way no one need to know how JPEG or email works in the backend, it will be adopted one way or another.
I am just entertaining the "crypto is for drug and scam" people, it's always fun to see how far behind they are, like they are so used to banks and stock market having open dates and hours, or oversea transaction taking days to do, longer for final settlement.
Blockchain/crypto already has significant advantages than tradfi, this is why NASDAQ is looking to launch tokenized securities, https://share.google/S05zd4Elh3Hl74hPM lots of nations are launching stablecoins already, yes, including European banks, because once again US is so very far in the lead. (But that's also kinda because USD is the reserve currency)
Oh, so you countered the "what's the use case" with "gambling, duh". Touche.
There is no difference between polymarket using a stablecoin and Fanduel or whatever gambling shop people use having "account balance" that's in a normal database.
You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs.
European banks aren't looking to issue stablecoins because that would be dumb and useless, the European central bank will issue a digital Euro which doesn't have anything to do with Crypto because using blockchain would be wasteful and stupid.
Average German is having a much better life then average American or Chinese citizen, since I visit the place and have friends living there, I can tell you that they are doing OK, I'm sure actual German citizens in this thread can confirm that the sky is not falling, the only economy that without the AI bubble would be in a Stagflation is the USA (higher inflation then Germany, btw), and with it's embrace of Trump, Crypto and gambling I'm sure that is going to work out great for them.
I don't get how you aren't tired of spewing the same bullshit for a decade while the technology moved exactly nowhere in the same period.
AI might be a bubble but it's actual useful, Crypto is just a bad, outdated and wasteful technology, basically gambling for nerds who are getting played by corrupt fucks like Trump and his family as well as every other whale out there.
If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI.
Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME.
I dug deeper into Mamdani's free transit proposal. You only get on the Bus for free. You must pay to enter the subway. Talk about a nothing burger. Lol.
In the Bronx buses go 7 mph or less than 3 times as fast as I walk. Once you include the time waiting at the bus stop... No wonder ridership is down 40% since the pandemic.
So we're getting slow free buses and 5 grocery stores for 8+million people. Lol. Hochul has already said she won't raise taxes.
"I cannot set forth a plan right now that takes money out of a system that relies on the fares of the buses and the subways," Hochul told NY-1 while in Puerto Rico. "But can we find a path to make it more affordable for people who need help? Of course we can."
“I will say one energetic rally does not get me to change my positions. I assure you,” Hochul said. “But I do hear people’s voices, I process what everybody says, but I also have to balance governing this state and making sure that those people who are actually the reason we have a generous supportive budget that helps lift people up, it’s their revenues that we tax"
I can sum up this word salad: 'i am sorry you feel that way' 😁
On November 12 2025 05:19 JimmyJRaynor wrote: I dug deeper into Mamdani's free transit proposal. You only get on the Bus for free. You must pay to enter the subway. Talk about a nothing burger. Lol.
What is there to dig deep into? Hasn't he been saying "free buses"? Or has he been saying "free buses and free subways", but is only intending on the former and not also the latter?
Mr. Trump approved the Truth Social post, and it went up at 1:10 p.m. Saturday. About half an hour later, Pulte shared Mr. Trump's post on X and added that "we are indeed working on The 50 year Mortgage — a complete game changer." He also called it a "potential weapon in a WIDE arsenal of solutions that we are developing right now."
No other details about the proposal have been released.
Pulte didn't immediately comment.
White House spokesman Davis Ingle said the president is committed to making home ownership easier by eliminating unnecessary red tape, increasing supply, and lowering costs. "The White House and the entire Trump administration are appreciative of Mr. Pulte's efforts, and everyone is working together to implement the President's policies," Ingle said.
The president defended the 50-year mortgage idea in an interview Monday night with Fox News' "The Ingraham Angle."
"All it means is you pay less per month.You pay it over a longer period of time. It's not like a big factor," Mr. Trump said. "It might help a little bit."
.....
"The total interest paid over the life of the loan would be staggering, since even with a low rate, you're looking at 50 years' worth of interest," NerdWallet lending expert Kate Wood told CBS News earlier this week in an email.
did he learn anything at this Wharton School? or is the Bidenisation of Trump complete and his crazy mind not only crazy but his brain also mush?
On November 10 2025 02:00 ChristianS wrote: Nah, if they wanna nuke the filibuster let em. The “promise to negotiate” thing is worth exactly nothing, and by the time you’re accepting total capitulation just to prevent nuking the filibuster you’ve already lost wherever power the filibuster gives you.
Yeah, this will be popular with "radical leftists" but not sensible mature libs/Dems/ilk that understand you can't always get everything you want and democracy is about compromise. Republicans won and that has consequences. You can't just allow Republicans to keep the government permanently shut down until/unless you get your way on perpetuating a subsidy policy that was made as a response to COVID (not healthcare prices generally).
I do wonder what proportion of people are currently in each of those two (tongue-in-cheek) categories, and if it changes based on how serious the argued issue is (or whether or not the issue hits very close to home for some people). Perhaps more and more people will gradually move from the latter group into the former group, as each person encounters their own personal final straw of trying to be diplomatic and fair to a lying, stealing, cheating Republican party.
Me too. It's a significant part of why I spent so much time and effort trying to get people to think about and discuss where their "personal final straw" was. It's also a significant part of why I advocate/d getting organized so that they have/had plans/capabilities for when it is/was. I failed to convince most of you, but I shouldn't have to. You're all plenty smart and capable enough to have recognized this. Most of you refused simply out of petulant spite.
This covid-induced healthcare subsidy is a weird "final straw" imo, but it doesn't seem like anyone has any argument for how this isn't theirs (yet *sigh*).
On November 10 2025 05:59 ChristianS wrote:
On November 10 2025 05:21 DarkPlasmaBall wrote:
On November 10 2025 04:19 ChristianS wrote:
On November 10 2025 02:21 GreenHorizons wrote:
On November 10 2025 02:00 ChristianS wrote: Nah, if they wanna nuke the filibuster let em. The “promise to negotiate” thing is worth exactly nothing, and by the time you’re accepting total capitulation just to prevent nuking the filibuster you’ve already lost wherever power the filibuster gives you.
Yeah, this will be popular with "radical leftists" but not sensible mature libs/Dems/ilk that understand you can't always get everything you want and democracy is about compromise. Republicans won and that has consequences. You can't just allow Republicans to keep the government permanently shut down until/unless you get your way on perpetuating a subsidy policy that was made as a response to COVID (not healthcare prices generally).
I don’t understand, is this LibHorizons talking? Or MAGAHorizons? I would have even thought LH would be more in line with my thinking than what you’re saying.
Edit: I think we might be getting the rare utterance from “DemHorizons,” a centrist Democrat who believes in gradualism and the Median Voter Theorem.
I think he's being sarcastic/facetious. He's stating what the self-named "sensible, mature" side would say, as they would promote what they perceive to be retaining the moral high ground while real people died all around them and the world burned (pushed by Republicans, but tacitly accepted and shrugged off by the self-named "sensible, mature" subset of Democrats who would never, ever consider stooping down to the low level of the dirty Republicans just to stop them from ruining everything).
I mean sure, barring his account getting hacked it’s obviously not sincere. But he’s got a lot of recent experience attempting to embody other political viewpoints and speak as them, I’m just wondering what viewpoint he’s embodying here, satirical or not. Like, every “mainstream Dem” I’m seeing out there is saying “don’t capitulate.”
Yeah, DPB mostly gets it. That would basically be the voice of "ThirdHorizons" though.
It's basically speaking for these Democrats:
Several Senate Democrats are signaling a willingness to vote to reopen the government if they secure some final key concessions from the White House, a sign that a major breakthrough could be within reach amid the longest shutdown in US history, according to a person involved in the talks.
The emerging deal would include a new stopgap measure to extend government funding until January and be tied to a larger package to fully fund several key agencies.
The broader legislation would include three full-year appropriations bills that deal with military construction and veterans affairs, the legislative branch and the Department of Agriculture. That includes $203.5 million in new funding to enhance security measures and protection for members of Congress in addition to $852 million for US Capitol Police, per a summary provided by top Democratic appropriator Sen. Patty Murray of the bill to fund the legislative branch.
The deal would not include an extension of the expiring enhanced Affordable Care Act subsidies
If/when Democrats take the deal, variations of that will basically be the rhetoric of anyone still trying to rationalize supporting Democrats. This despite everyone here knowing Democrats are functionally hopeless if/when they take the deal.
Ah, hadn’t seen the news that Dems look to be about to cave. Hm, I tried to keep in mind from the start that absolute cowardice is always the most likely outcome from elected Dems, but I have to admit I’m still pretty disappointed. Not over til it’s over, I guess, but geez.
It increasingly feels like the opposition to this administration is an incredibly broad coalition of a pretty good majority of Americans, but unfortunately, does not include almost anybody in a position of power, private or public. I’ve seen some thinkpieces lately on the critical failure of the elites in all this, and that certainly feels pretty stark right now. Not quite sure what to do with that information, though.
Seems like the Democratic party died with barely a whimper. Apparently the plan is still to just prop up the husk of a corpse indefinitely.
On November 12 2025 05:19 Jankisa wrote: Oh, so you countered the "what's the use case" with "gambling, duh". Touche.
There is no difference between polymarket using a stablecoin and Fanduel or whatever gambling shop people use having "account balance" that's in a normal database.
You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs.
European banks aren't looking to issue stablecoins because that would be dumb and useless, the European central bank will issue a digital Euro which doesn't have anything to do with Crypto because using blockchain would be wasteful and stupid.
Average German is having a much better life then average American or Chinese citizen, since I visit the place and have friends living there, I can tell you that they are doing OK, I'm sure actual German citizens in this thread can confirm that the sky is not falling, the only economy that without the AI bubble would be in a Stagflation is the USA (higher inflation then Germany, btw), and with it's embrace of Trump, Crypto and gambling I'm sure that is going to work out great for them.
I don't get how you aren't tired of spewing the same bullshit for a decade while the technology moved exactly nowhere in the same period.
AI might be a bubble but it's actual useful, Crypto is just a bad, outdated and wasteful technology, basically gambling for nerds who are getting played by corrupt fucks like Trump and his family as well as every other whale out there.
If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI.
Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME.
>You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs. Trading? Investing? Porn? What is your money sitting in the bank saving account for? Are those not money?
>I'm sure actual German citizens in this thread can confirm that the sky is not falling Yeah, no one said it's sky falling. Stagflation is a slow difficult to grow of economy. Recession is a continuous decline. It's not meant to be a crash.
>If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI. You mean like Ray Dalio, Bill Miller, Larry Fink/Blackrock, Elon, Tim Cook etc? Yeah they are investing in AI. no they are not starting their own coin, doesn't mean they aren't investing in it directly or indirectly.
>Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME Nope. But it sure is funny to see someone unaware of their own financial market and can only bring up Warren Buffet telling me I need to get out of my bubble LOL
On November 12 2025 05:19 Jankisa wrote: Oh, so you countered the "what's the use case" with "gambling, duh". Touche.
There is no difference between polymarket using a stablecoin and Fanduel or whatever gambling shop people use having "account balance" that's in a normal database.
You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs.
European banks aren't looking to issue stablecoins because that would be dumb and useless, the European central bank will issue a digital Euro which doesn't have anything to do with Crypto because using blockchain would be wasteful and stupid.
Average German is having a much better life then average American or Chinese citizen, since I visit the place and have friends living there, I can tell you that they are doing OK, I'm sure actual German citizens in this thread can confirm that the sky is not falling, the only economy that without the AI bubble would be in a Stagflation is the USA, and with it's embrace of Trump, Crypto and gambling I'm sure that is going to work out great for them.
I don't get how you aren't tired of spewing the same bullshit for a decade while the technology moved exactly nowhere in the same period.
AI might be a bubble but it's actual useful, Crypto is just a bad, outdated and wasteful technology, basically gambling for nerds who are getting played by corrupt fucks like Trump and his family as well as every other whale out there.
If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI.
Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME.
I mean I’m sure the internet’s nascent days had its fair share of annoying evangelists.
Equally, the first time you got to do some cool shit on the internet, it’s like, OK, I get it. I’m old enough to remember the world of the internet being very much niche, my late da used to take me into the BBC just to have a browse on their machines.
When I was playing Diablo 1, a few years later when we got home internet, and I’m not just playing as like an 8 year old, but some kindly American bloke took me under his wing and helped me get revenge on a griefer, I mean shit was cool.
I have my ethical issues with ‘AI’ but man it can do some shit. If my late da was still around it would have blown his mind
Crypto? Show me something cool. Genuinely transformative shit. Instead it’s been like 15 years of ‘trust me bro it’s gonna be huge’
On November 12 2025 06:04 Doublemint wrote: 50 year mortgage... from the geniuses and their glorious leader that brought you 1000% decreases in medicine prices. what a time to be alive.
On November 12 2025 05:19 Jankisa wrote: Oh, so you countered the "what's the use case" with "gambling, duh". Touche.
There is no difference between polymarket using a stablecoin and Fanduel or whatever gambling shop people use having "account balance" that's in a normal database.
You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs.
European banks aren't looking to issue stablecoins because that would be dumb and useless, the European central bank will issue a digital Euro which doesn't have anything to do with Crypto because using blockchain would be wasteful and stupid.
Average German is having a much better life then average American or Chinese citizen, since I visit the place and have friends living there, I can tell you that they are doing OK, I'm sure actual German citizens in this thread can confirm that the sky is not falling, the only economy that without the AI bubble would be in a Stagflation is the USA, and with it's embrace of Trump, Crypto and gambling I'm sure that is going to work out great for them.
I don't get how you aren't tired of spewing the same bullshit for a decade while the technology moved exactly nowhere in the same period.
AI might be a bubble but it's actual useful, Crypto is just a bad, outdated and wasteful technology, basically gambling for nerds who are getting played by corrupt fucks like Trump and his family as well as every other whale out there.
If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI.
Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME.
I mean I’m sure the internet’s nascent days had its fair share of annoying evangelists.
Equally, the first time you got to do some cool shit on the internet, it’s like, OK, I get it. I’m old enough to remember the world of the internet being very much niche, my late da used to take me into the BBC just to have a browse on their machines.
When I was playing Diablo 1, a few years later when we got home internet, and I’m not just playing as like an 8 year old, but some kindly American bloke took me under his wing and helped me get revenge on a griefer, I mean shit was cool.
I have my ethical issues with ‘AI’ but man it can do some shit. If my late da was still around it would have blown his mind
Crypto? Show me something cool. Genuinely transformative shit. Instead it’s been like 15 years of ‘trust me bro it’s gonna be huge’
It's not impressive to those who don't read or understand money history.
Globally pretty much all bank notes globally are now issued by approval institutions and centralized issuance.
That wasn't the case hundred-ish years ago when private banks issued their own notes. Then we had concepts by Henry Ford to reenvision what money could be (backed by energy instead of gold, less skeptical to monetary control by a single entity.)
Bitcoin is the first successful non-state issued money in a hundred of years, outlasting a bunch of fiat money. On top of being the most open, most valuable ledger, with no change to issuance rate.
On November 12 2025 06:04 Doublemint wrote: 50 year mortgage... from the geniuses and their glorious leader that brought you 1000% decreases in medicine prices. what a time to be alive.
even Matt Walsh thinks this is a bad idea.
yeah... anyone really with even a remote grasp of how interest works should think that.
at that point you might as well ask the banker to buy you a nice candle lite dinner and marry you as well during the loan agreement.
after all he is fucking you for life. with the government watching and cheering it on.
On November 12 2025 06:04 Doublemint wrote: 50 year mortgage... from the geniuses and their glorious leader that brought you 1000% decreases in medicine prices. what a time to be alive.
even Matt Walsh thinks this is a bad idea.
yeah... anyone really with even a remote grasp of how interest works should think that.
at that point you might as well ask the banker to buy you a nice candle lite dinner and marry you as well during the loan agreement.
after all he is fucking you for life. with the government watching and cheering it on.
I don't really get the problem. It all depends on the interest rate. If the interest rate is low enough that you can make a higher rate elsewhere (fairly safely and reliably) then that's a good deal. Let's say you get a 2% rate. Investing in index funds and bonds has consistently paid more than 2%, especially over a 50-year period if you can ride out the crashes. The bank is basically losing money on the mortgage at that point. But on the flipside, as long as the installments are all on time, that mortgage is probably a safer bet than even the most boring of trackers. So the bank is happy and so is the mortgage taker.
Of course, the reason banks don't generally give out 50-year mortgages is because it's a bit pointless. For the bank it's probably higher risk than a 30-year mortgage (mainly due to the increased chance of death) and for the borrower, the difference in installments hits diminishing returns (meaning that due to the longer interest rate payments, and the way installments are calculated, the quota you pay on a 50-year mortgage compared to a 30-year mortgage is small).
sure if we are tweaking the numbers yeah, great deal potentially. the numbers you will get from the Trump policy though? well we will see if it even comes to that, the response has been broadly underwhelming.
but if we should have learned anything from the sub-prime crisis, it is the fact that neither short-sighted politicians - which Trump is a prime example - nor bankers will effectively regulate or self-regulate to avoid major disaster when they are hunting for short term success.
the psychological toll alone... 30 years is already an incredible amount of time. it worked out because there was progress across the board when it was established. a good economy, decent wealth distribution and crucially the wonders of medicine prolonging life spans of average people. so a policy sound on paper coincided with quite the favorable environment.
now we kinda have stagnation everywhere, diminishing returns and all the jazz too. except for the growth in years part of the mortgage. and come to think of it and very crucially, divorce rates that went through the roof compared to post WW2.
granted, it's also a mentality thing, the credit card discussion a page or two ago hints at that. for "Europoors" having massive amounts of CC debt is not very common, for better or worse.
no matter any of that - even if it is just small part of combating the housing affordability crisis, it still is shockingly inadequate imho.
On November 12 2025 06:04 Doublemint wrote: 50 year mortgage... from the geniuses and their glorious leader that brought you 1000% decreases in medicine prices. what a time to be alive.
even Matt Walsh thinks this is a bad idea.
yeah... anyone really with even a remote grasp of how interest works should think that.
at that point you might as well ask the banker to buy you a nice candle lite dinner and marry you as well during the loan agreement.
after all he is fucking you for life. with the government watching and cheering it on.
I don't really get the problem. It all depends on the interest rate. If the interest rate is low enough that you can make a higher rate elsewhere (fairly safely and reliably) then that's a good deal. Let's say you get a 2% rate. Investing in index funds and bonds has consistently paid more than 2%, especially over a 50-year period if you can ride out the crashes. The bank is basically losing money on the mortgage at that point. But on the flipside, as long as the installments are all on time, that mortgage is probably a safer bet than even the most boring of trackers. So the bank is happy and so is the mortgage taker.
Of course, the reason banks don't generally give out 50-year mortgages is because it's a bit pointless. For the bank it's probably higher risk than a 30-year mortgage (mainly due to the increased chance of death) and for the borrower, the difference in installments hits diminishing returns (meaning that due to the longer interest rate payments, and the way installments are calculated, the quota you pay on a 50-year mortgage compared to a 30-year mortgage is small).
Death is not a risk to the bank because they still own the portion of the house that hasnt been payed off. Either someone choses to inherit the house and its mortgage or the house is sold to pay off the bank.
On November 12 2025 05:19 Jankisa wrote: Oh, so you countered the "what's the use case" with "gambling, duh". Touche.
There is no difference between polymarket using a stablecoin and Fanduel or whatever gambling shop people use having "account balance" that's in a normal database.
You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs.
European banks aren't looking to issue stablecoins because that would be dumb and useless, the European central bank will issue a digital Euro which doesn't have anything to do with Crypto because using blockchain would be wasteful and stupid.
Average German is having a much better life then average American or Chinese citizen, since I visit the place and have friends living there, I can tell you that they are doing OK, I'm sure actual German citizens in this thread can confirm that the sky is not falling, the only economy that without the AI bubble would be in a Stagflation is the USA (higher inflation then Germany, btw), and with it's embrace of Trump, Crypto and gambling I'm sure that is going to work out great for them.
I don't get how you aren't tired of spewing the same bullshit for a decade while the technology moved exactly nowhere in the same period.
AI might be a bubble but it's actual useful, Crypto is just a bad, outdated and wasteful technology, basically gambling for nerds who are getting played by corrupt fucks like Trump and his family as well as every other whale out there.
If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI.
Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME.
>You have not, except of excreting a lot of jargon and vague hand waving provided any actual use case other then gambling and drugs. Trading? Investing? Porn? What is your money sitting in the bank saving account for? Are those not money?
>I'm sure actual German citizens in this thread can confirm that the sky is not falling Yeah, no one said it's sky falling. Stagflation is a slow difficult to grow of economy. Recession is a continuous decline. It's not meant to be a crash.
>If you want to learn something about finance, maybe pay more attention to actual smart people like Warren Buffet, or even hyper capitalists corpos, none of them are touching Crypto with a 10 foot pole, all of them are knee deep in AI. You mean like Ray Dalio, Bill Miller, Larry Fink/Blackrock, Elon, Tim Cook etc? Yeah they are investing in AI. no they are not starting their own coin, doesn't mean they aren't investing in it directly or indirectly.
>Maybe try to snap out of your Crypto cult bubble and try to think for yourself for a change. I bet you are still "invested" in GME Nope. But it sure is funny to see someone unaware of their own financial market and can only bring up Warren Buffet telling me I need to get out of my bubble LOL
I'm not a welfare enjoyer, I pay into it so other people don't have to have shitty life.
A bunch of banks having a meeting about lunching a stable-coin that will never really be used for anything because the EU digital euro will make it pointless does not mean that crypto has any place in finance in Europe.
Trading, investing and porn? Jesus man, are you 17 and unable to wrap your head around having a job in order to make money?
My money is being invested in my life, my house, my vineyards, it sure as fuck is not going to go into betting that a number will go up or down. If I do decide do invest it I'll invest it in tangible companies who do stuff, not vaporware for degenerates to bet on.
I'm gonna skip your economy comments because I don't want to discuss things with someone who obviously buys into Trump propaganda and doesn't get how real economy works.
I can bring up many people outside of the most successful and one of the rare moral investors of our times, but I don't need to because to anyone who is not emotionally and monetarily invested in this, the biggest ponzi schemes of all time it's obvious that crypto is dumb, like I said, gambling for nerds.
I've been listening to people like you for a decade plus now, always asking for actual use case, every time I ask you something you move the goalposts, you even lie, if, deep down you actually believed your own BS you wouldn't need to do that, unfortunately, you do, just like your little "retail adoption" bullshit you tried to sell that kicked off this discussion.
So, you go ahead and enjoy it, put all of your money in, take more risks, that's the best and smartest way to become rich and happy, might as well go to Polymarket and put it all on a 1:5 bet, why not, you can get 5 times what you put in, that sounds awesome, your GDP will go 5x!
EPT
