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What's New "parman_the"



₿itcoin Srbija ∞/21M 🇷🇸 ⚡🚀
@BTCSRB
@TMK_YEG @intocryptoverse Follow @parman_the for everything about storing your keys, this guy is real expert. He also has great website which many cool #Bitcoin storage guides.

https://t.co/ZbKyt20KAh
Jul-05,2022 12:06
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inchane.eth🐙♊⚡
@Inchane2
@100trillionUSD @parman_the if you do not realize that there is a huge difference when someone shill their book, course, newsletter instead of shilling their bybit referral code to make people lose money, says a lot already. 1+ unfollow.
Jul-05,2022 11:48
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AsianJimothy
@AsianJimothy
@moarinterest @parman_the Illiquid assets on a balance sheet aren’t a guarantee of market value either. I see where you’re going, still wrong
Jul-05,2022 11:40
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Parman ⚡ Bitcoin Mentor
@parman_the
@moarinterest @AsianJimothy What does fractional reserve mean?

I'll wait.
Jul-05,2022 11:22
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Parman ⚡ Bitcoin Mentor
@parman_the
@elcaptainyouth @TheBTCkrab Says don't INVEST in a house.

Big difference. Yuuuge.
Jul-05,2022 11:21
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Parman ⚡ Bitcoin Mentor
@parman_the
@elcaptainyouth @TheBTCkrab @RemindMe_OfThis 1. Yes it's too low. But I'll let it go.

2. You must compare like for like. The 200k was ommited. If you include it, let's say you paid 100k of it back to the bank. Remember, in the other scenario, you need to DCA 100k more into bitcoin, not just 10k. See?
Jul-05,2022 11:19
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Mike Hulbig
@mhulbig
@parman_the @LynAldenContact @Adelgary British is delusional.
Jul-05,2022 10:59
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Web 💯.0
@moarinterest
@AsianJimothy @parman_the Banks mostly use customer deposits to fund loans. The rest is funded via their own capital or other wholesale funding.

Nothing gets created out of thin air
Jul-05,2022 10:39
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AsianJimothy
@AsianJimothy
@moarinterest @parman_the It’s not fully backed and it doesn’t come from anywhere else so 🤷‍♂️
Jul-05,2022 10:30
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El Captain Youth
@elcaptainyouth
@TheBTCkrab @parman_the says dont buy a house, but goal is a house
Jul-05,2022 10:24
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  Latest News
A 22-year-old suspect is now being held in custody in a closed psychiatric ward following a shooting which killed three people in a Copenhagen shopping centre.

https://t.co/3A5gCq6nDq
Jul-05,2022 09:41
Likes:59   Retweets:30
 Sky News Australia @SkyNewsAust

 Check the Latest News Rankings

El Captain Youth
@elcaptainyouth
@parman_the @TheBTCkrab @RemindMe_OfThis wont owe the bank 200k after 12yrs tho. ud owe much less by then. and 30x in 12yrs is too low lol? idc bro im just pointing out scenarios where re could make sense.
Jul-05,2022 10:11
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Web 💯.0
@moarinterest
@AsianJimothy @parman_the Obviously. But that doesn’t mean they “create money out of thin air” when they issue a loan
Jul-05,2022 09:39
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__hodl__running #btc
@__hodl__
@moarinterest @parman_the If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
Jul-05,2022 07:31
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Parman ⚡ Bitcoin Mentor
@parman_the
@BtcPowUpdate @LynAldenContact @Adelgary Are you agreeing with me, or disagreeing with me, or saying something unrelated?
Jul-05,2022 07:30
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꒓ꋫꁴꁴ꒒ꍟ Riiume 🇸🇻 🇨🇫
@BtcPowUpdate
@parman_the @LynAldenContact @Adelgary Orwell's "doublespeak" successfully hacks English.

Counterfeiters (like the dude in the video) successfully counterfeit the US Dollar and get away with it for decades at a atime:

https://t.co/LV9ElefAHv
Jul-05,2022 07:22
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₿itcoin Ollie
@BitcoinOllie
@parman_the @deyonte_btc @aantonop I’m always interested why people move onto lesser things. I followed @aantonop podcasts etc big time when I got into bitcoin (and @APompliano) and I have him to thank for so much.
Jul-05,2022 07:03
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Borsche🌋HFSP
@piramida
@parman_the @deyonte_btc so yes in short aantop’s view is idiotic (in this case).
Jul-05,2022 07:03
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Borsche🌋HFSP
@piramida
@parman_the @deyonte_btc proof of work or state has any meaning only when applied to consensus and there is no global consensus in LN. you have consensus between you and your direct peers and this one is cryptographically ensured so no proof of anything is needed.
Jul-05,2022 07:02
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Parman ⚡ Bitcoin Mentor
@parman_the
@fartface2000 @BTCSchellingPt @APompliano Not just the cadence
Jul-05,2022 06:59
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Parman ⚡ Bitcoin Mentor
@parman_the
@Polyd_ @deyonte_btc @HappyBear_Btc ThankYou.gif
Jul-05,2022 06:58
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  Latest News
A 22-year-old suspect is now being held in custody in a closed psychiatric ward following a shooting which killed three people in a Copenhagen shopping centre.

https://t.co/3A5gCq6nDq
Jul-05,2022 09:41
Likes:59   Retweets:30
 Sky News Australia @SkyNewsAust

 Check the Latest News Rankings

Parman ⚡ Bitcoin Mentor
@parman_the
@deyonte_btc I know. And I'm simply rebutting his shit, immoral, opinion.
Jul-05,2022 06:57
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@polyd_@bitcoinhackers.org
@Polyd_
@deyonte_btc @HappyBear_Btc @parman_the locking up money and earning routing fees is an oversimplification. Does having more money on Lightning guarantee higher returns? Does it mean I can change its consensus? There's no guaranteed APY, I can only entice others to use my node. Doesnt sound like a staking protocol.
Jul-05,2022 06:57
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Parman ⚡ Bitcoin Mentor
@parman_the
@deyonte_btc @aantonop Agree, yes he did. But doesn't mean he lacks integrity and is shitcoining now.
Jul-05,2022 06:56
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Deyonté ⚡️
@deyonte_btc
@parman_the Understood. You mean in his shitcoiner narrative. I’m simply relaying his ideas lmao.
Jul-05,2022 06:56
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Parman ⚡ Bitcoin Mentor
@parman_the
@deyonte_btc Shitcoiner narrative.

Here's the essence of PoS... Your wealth controls the transaction record (gatekeeper) and the rules of the coin (voting).

IT'S NOT ABOUT EARNING INCOME per se.

But if you make it that in your shitcoin narrative, you hide PoS's problem.
Jul-05,2022 06:55
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Deyonté ⚡️
@deyonte_btc
@parman_the @aantonop Pretty sure he understood bitcoin before 99% of people. But I hear you.
Jul-05,2022 06:52
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Parman ⚡ Bitcoin Mentor
@parman_the
@deyonte_btc @aantonop The guy is a shitcoiner, his opinion is trash
Jul-05,2022 06:51
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Deyonté ⚡️
@deyonte_btc
@parman_the Mmm. @aantonop referred to Lightning as such. Maybe it was analogous.
Jul-05,2022 06:46
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Parman ⚡ Bitcoin Mentor
@parman_the
@TheFund47 @LynAldenContact Dynamic is not a requirement of money. Don't make stuff up.
Jul-05,2022 06:23
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Parman ⚡ Bitcoin Mentor
@parman_the
@LynAldenContact @Adelgary Saying "money" is a shared delusion is like saying "English" is a shared delusion.
Jul-05,2022 06:22
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Parman ⚡ Bitcoin Mentor
@parman_the
A new service I'm offering - #BITCOIN SECURITY REVIEW

https://t.co/UV2v464AfP
Jul-05,2022 06:20
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Parman ⚡ Bitcoin Mentor
@parman_the
@elcaptainyouth @TheBTCkrab @RemindMe_OfThis And you neglected that you need to pay 200k back to the bank for the property scenario
Jul-05,2022 05:52
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BitcoinRacer
@bitcoinordie
@xojofej531 @parman_the @maxkeiser @BitcoinMagazine @saifedean @bitstein @Breedlove22 Not so free but equals freedom #bitcoin
Jul-05,2022 05:51
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Parman ⚡ Bitcoin Mentor
@parman_the
@moarinterest @__hodl__ So be it
Jul-05,2022 05:47
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Parman ⚡ Bitcoin Mentor
@parman_the
@elcaptainyouth @TheBTCkrab @RemindMe_OfThis Houses will always be a bad investment imo from today onwards, and time will tell
Jul-05,2022 05:47
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Parman ⚡ Bitcoin Mentor
@parman_the
@elcaptainyouth @TheBTCkrab @RemindMe_OfThis The bitcoin gain estimation is too low.

The house price estimation is less certain than a Bitcoin's gain.
Jul-05,2022 05:46
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Mike Lacy 🐲🏴‍☠️
@ask_lacy
@btc_chilly @DWhitmanBTC @parman_the I didn’t read your thread line honestly. Because generally it’s blabbering (not you specifically) I saw dick and read the comment.
Jul-05,2022 05:45
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chilly
@btc_chilly
@MichaelPasture @parman_the @DWhitmanBTC Yeah I get that. I'm not ready to give up on my country yet tho.
Jul-05,2022 05:43
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Wartime Monetary Mulligan 🇸🇻
@MichaelPasture
@btc_chilly @parman_the @DWhitmanBTC I would prefer one of the smaller islands I think. The government leaves you alone there...
Jul-05,2022 05:40
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AsianJimothy
@AsianJimothy
@moarinterest @parman_the Lmao wtf. No bank in the world could sustain a full on bank run
Jul-05,2022 05:38
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chilly
@btc_chilly
@ask_lacy @DWhitmanBTC @parman_the Read the full thread. I brought that up already. Everyone knows about property taxes. This convo is in the context text of a bank and a borrower and has nothing to do with the government. That is obviously a completely different conversation.
Jul-05,2022 05:30
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Mike Lacy 🐲🏴‍☠️
@ask_lacy
@btc_chilly @DWhitmanBTC @parman_the Tell me
Jul-05,2022 05:26
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Mike Lacy 🐲🏴‍☠️
@ask_lacy
@DWhitmanBTC @btc_chilly @parman_the If you don’t pay property TAX the government will forcibly remove you and give your ‘deed’ to the bank. Do you own the land? Or simply pay homage to stay there?
Jul-05,2022 05:23
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chilly
@btc_chilly
@MichaelPasture @parman_the @DWhitmanBTC True but find me a modern government that is immune to tyrrany... I still believe the United States is the greatest country on earth, though if we keep our current trajectory that won't last.
Jul-05,2022 05:17
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Wartime Monetary Mulligan 🇸🇻
@MichaelPasture
@btc_chilly @parman_the @DWhitmanBTC Feet voting is the only solution to that.
Jul-05,2022 05:00
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chilly
@btc_chilly
@MichaelPasture @parman_the @DWhitmanBTC 💯 agree with this. And this is a problem not limited to property. Even with bitcoin, they may not be able to take physical control of the keys but they can take physical control of us by throwing us in an iron box.
Jul-05,2022 04:56
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Wartime Monetary Mulligan 🇸🇻
@MichaelPasture
@btc_chilly @parman_the @DWhitmanBTC Yup I understand that. My point was almost any property can be taken away from you regardless if it is payed off or not. The mortgage makes little to no difference if the state wants it.
Jul-05,2022 04:54
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Orange Pill Pharmacist 🍊💊👨‍⚕️
@FinneJay
@parman_the If I had more I woulda done 704 for 7-04 but I’m low on fiat lol

Jul-05,2022 04:23
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Ambition00✝️🥩☣️
@SAmbition00
@btc_chilly @DWhitmanBTC @parman_the Sure
Jul-05,2022 04:23
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chilly
@btc_chilly
@SAmbition00 @DWhitmanBTC @parman_the I'm all for bitcoin but it's not the only property worth owning.
Jul-05,2022 04:12
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chilly
@btc_chilly
@MichaelPasture @parman_the @DWhitmanBTC We are talking in the context of a mortgage with a bank.
Jul-05,2022 04:11
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🐂💩
@TheModernTwit
@parman_the @danheld Pretty ironic that the “bitcoin mentor” is so volatile 😂📈📉
Jul-05,2022 03:49
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The bitcoin crab
@TheBTCkrab
@elcaptainyouth @parman_the @RemindMe_OfThis Can you buy a 200k house with only 10k down payment?

In my country you would have to do a 50k to 80k downpayment.

If it is only 10k it may worth the cost of oportunity is just 10k. Now imagine if it was 50k to 80k on BTC. That would be 2.5 to 4 BTC now.
Jul-05,2022 03:38
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The bitcoin crab
@TheBTCkrab
@elcaptainyouth @parman_the @RemindMe_OfThis Buying a house to live or buying a house to rent is different. If you rent it to others you can create money and acumulate BTC with them. However if you need to get a mortage to buy the house and rent it the proftability may be too low. Maybe too high cost of oportunity.
Jul-05,2022 03:35
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Web 💯.0
@moarinterest
@parman_the @__hodl__ I’m getting a headache from how wrong you all are
Jul-05,2022 03:18
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El Captain Youth
@elcaptainyouth
@TheBTCkrab @parman_the @RemindMe_OfThis when you get creative about renting parts of the house, or buying a duplex, or any other type of house hacking, the numbers get even better. I totally understand stacking btc but i dont think houses are always bad investments
Jul-05,2022 02:57
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El Captain Youth
@elcaptainyouth
@TheBTCkrab @parman_the @RemindMe_OfThis bitcoin can grow a lot but so could the price of your house, and the leverage you can get on mortgages is baller.

i take 10k and buy btc and in 12yrs i maybe have 300k

or I use 10k to buy house worth 200k. in 12 yrs its worth 400k, and i built equity > spend 130k for rent
Jul-05,2022 02:55
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DG⚡ᴺᶠᵀ | MZ24days DROP
@10XDG
@xojofej531 @parman_the @maxkeiser @BitcoinMagazine @saifedean @bitstein @Breedlove22 Then buy another one at half price. We look forward to it!💎
Jul-05,2022 02:46
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Mr. Clownworld
@MrClownWorld
@moarinterest @parman_the This is not correct. Since March 2020, banks have had absolutely zero reserve requirements. Keep studying.
Jul-05,2022 02:33
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Parman ⚡ Bitcoin Mentor
@parman_the
@MonetaryFrame @GhostOfBekka Started
Jul-05,2022 02:13
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Parman ⚡ Bitcoin Mentor
@parman_the
@HappyBear_Btc @Polyd_ @deyonte_btc Remember, running a lightning node is a BUSINESS, not a security element of the Bitcoin network
Jul-05,2022 01:50
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Parman ⚡ Bitcoin Mentor
@parman_the
@HappyBear_Btc @Polyd_ @deyonte_btc Completely incorrect when applied to Bitcoin.

Correct if applied to a lightning business, and that's fine, like any business, the more capital you put in, the bigger and generally more effective your business.
Jul-05,2022 01:50
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Parman ⚡ Bitcoin Mentor
@parman_the
@deyonte_btc PoS is a vote on the rules and transactions.

Lightning is NOT a PoS system to secure the Bitcoin network.

It's layer two, and yes, the more you put in, the more effective your lightning node, but that gives you ZERO say on the rules of bitcoin.
Jul-05,2022 01:48
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Parman ⚡ Bitcoin Mentor
@parman_the
@Hayeknowledge @Cryptomnomiconz And the "Eurodollar", I've read is the major source...

"... the Eurodollar market is not run by any government agency ... the Eurodollar market is by a wide margin the largest source of global finance. In 1997, nearly 90% of all international loans were made this way"
Jul-05,2022 01:46
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@polyd_@bitcoinhackers.org
@Polyd_
@HappyBear_Btc @deyonte_btc @parman_the Only if you play their word games. There's zero staking
Jul-05,2022 01:44
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Parman ⚡ Bitcoin Mentor
@parman_the
@SAmbition00 @moarinterest Excellent reads. I second this. The Creatures from Jekyll Island, I recommend to read first.
Jul-05,2022 01:42
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Happy ₿ear
@HappyBear_Btc
@Polyd_ @deyonte_btc @parman_the It can be seen somewhat PoSish...
Not completely not correct.
Jul-05,2022 01:42
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Buffet's Rat Poison |=| SQUARED
@Hayeknowledge
@moarinterest @parman_the @TurboSloth1869 @Cryptomnomiconz When a loan doc is signed, it becomes an instantly 'collateralized' IOU, upon which cash is created in the form of a 'bank deposit'.

Walla, new money into borrowers account.

At zero% reserve, banks literally create new money from thin air and lend it to you at interest.
Jul-05,2022 01:39
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bitcoinpup⚡
@bitcoinpup
@parman_the I got you.


Jul-05,2022 01:39
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@polyd_@bitcoinhackers.org
@Polyd_
@deyonte_btc @parman_the It's not a real comparison. PoS uses a token for governance that doubles for value. Lightning doesn't have a governance token and it is based on individuals placing value on to the network
Jul-05,2022 01:38
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Buffet's Rat Poison |=| SQUARED
@Hayeknowledge
@Cryptomnomiconz @parman_the A majority of the 'new money' comes from commercial banks/commercial lending.

i.e. the FED only needs to create 'new money' to monetize deficit spending via Treasuries.
Jul-05,2022 01:33
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Ambition00✝️🥩☣️
@SAmbition00
@moarinterest @parman_the Maybe read the Fiat Standard or The Creature from Jekyll Island.
God Bless
Jul-05,2022 01:30
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Parman ⚡ Bitcoin Mentor
@parman_the
@happyclowntime doIT.gif
Jul-05,2022 01:12
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MORDOR, formerly Shire
@ShireHODL
@parman_the Cheers for the offer 🙂
Jul-05,2022 01:01
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Jam ⚡️
@Jamalito_
@parman_the @100trillionUSD My 1st GIF got me blocked by @mikealfraud so sometimes a good GIF is making the job
Jul-05,2022 01:01
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Jam ⚡️
@Jamalito_
@parman_the @100trillionUSD So do I 😉
Jul-05,2022 00:59
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Parman ⚡ Bitcoin Mentor
@parman_the
@ShireHODL nice
Jul-05,2022 00:59
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Parman ⚡ Bitcoin Mentor
@parman_the
@moarinterest @BitcoinHurler Fractional reserve. Look into it and tell me money isn't created.
Jul-05,2022 00:58
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Russell de Brouwer
@RussdeBrouwer
@parman_the You buy. It dips.. you buy harder!
Jul-05,2022 00:58
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Parman ⚡ Bitcoin Mentor
@parman_the
@Jamalito_ @100trillionUSD Thanks. But I like being vague sometimes
Jul-05,2022 00:58
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MORDOR, formerly Shire
@ShireHODL
@parman_the Trying to work through it and seemingly making progress. I'll drop you a message if we hit a wall.
Jul-05,2022 00:49
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FloHodl
@FloHodl
@parman_the Just for you buddy!

Jul-05,2022 00:44
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Bitcoinmaniac
@kirthpal
@parman_the *sold and bought again*😜
Jul-05,2022 00:41
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Stack_Hodl
@StackHodl1
@parman_the Hourly buy all day
Jul-05,2022 00:40
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Web 💯.0
@moarinterest
@parman_the @BitcoinHurler I think you’re mixing up the Federal Reserve with private banks.

The Fed can print money out of thin air to execute monetary policy.

Private banks can only make loans via their capital and deposits
Jul-05,2022 00:39
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Jam ⚡️
@Jamalito_
@parman_the @100trillionUSD Gifs are Always subject to interpretation. They should be used carefully and footnote should be added to avoid any misunderstanding and disclosure.
Jul-05,2022 00:38
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Parman ⚡ Bitcoin Mentor
@parman_the
@moarinterest @__hodl__ Hey man, just forget it, this is going to give you a headache for no reason.
Jul-05,2022 00:38
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@moarinterest
@__hodl__ @parman_the Dude, that’s a chart of the national debt. Completely different topic than bank reserves
Jul-05,2022 00:37
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Parman ⚡ Bitcoin Mentor
@parman_the
C'mon people, it's 4th of July, if you have almost no fiat left, at least you can do a ceremonial #bitcoin stack?
Jul-05,2022 00:37
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🇦🇺TimBuckTwo HODL
@TimBuckTwoHodl
@parman_the @100trillionUSD That’s what a Freind told me. 😉
Jul-05,2022 00:34
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Parman ⚡ Bitcoin Mentor
@parman_the
@moarinterest @BitcoinHurler wrong wrong wrong
Jul-05,2022 00:32
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__hodl__running #btc
@__hodl__
@moarinterest @parman_the 👌 keep trying to explain away the problem and hope for a happy ending to this

Jul-05,2022 00:32
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Parman ⚡ Bitcoin Mentor
@parman_the
@Jamalito_ @100trillionUSD I don't see how my GIF reply was me not being calm.
Jul-05,2022 00:32
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Parman ⚡ Bitcoin Mentor
@parman_the
@TimBuckTwoHodl @100trillionUSD Yeah. Buy tether with a KYC exchange and move it to a kyc free exchange? That's what I can immediately think of.
Jul-05,2022 00:31
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@moarinterest
@SovereignPlebs @parman_the That doesn’t mean banks create money out of thin air. It just means banks fund loans via their capital and deposit liabilities
Jul-05,2022 00:28
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@moarinterest
@parman_the @TurboSloth1869 @Cryptomnomiconz Please explain how banks create money out of thin air.

Then I’ll explain how banks fund loans via their own or capital or deposit base
Jul-05,2022 00:16
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@moarinterest
@__hodl__ @parman_the The 0% requirement only refers to cash on deposit with the Fed. Banks still have to hold a lot of liquid reserves, whether it be cash, treasuries, agencies, etc
Jul-05,2022 00:13
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@moarinterest
@SAmbition00 @parman_the If only you knew how banking worked
Jul-05,2022 00:08
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@moarinterest
@Ha_Sch @parman_the Absolutely positive. Banks make loans via their own capital or deposit liabilities
Jul-05,2022 00:07
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@moarinterest
@MrClownWorld @parman_the When banks make loans, they either pull money from their own capital or from their deposit base. No money is being created out thin air
Jul-05,2022 00:06
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