Reason Podcast

Remy: Bitcoin Billionaire

Remy's ode to cryptocurrency riches.

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Remy rides crypto to the moon.

Written and performed by Remy. Produced by Austin and Meredith Bragg. Music tracks mastered by Ben Karlstrom. Music by J-Beats Productions.

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Lyrics:

I was broke, unemployed, I was starting to slouch
I was sleeping in the basement on my momma's new couch
That's when I heard it all, a chance to skirt it all
a money like my last girl
Completely virtual…

Got the top graphics cards, got a power supply
a microprocesser, a motherboard, a towering drive
I put the RAM in the RAM slot, drive in the larger bay
topped it off, two fans
Like a Chargers game!

Price spike to $30!? I missed out, I fear
crudely assemble a rig like a BP engineer
My friends and family smile and smirk and all make fun of me
But I'm-a make them eat their words because I'm gonna be a

Bitcoin Billionaire
Spending money like I don't care
Mining coin in my underwear
I'm gonna be a Bitcoin Billionaire

Selecting software and reading the notes
I'm picking out my favorite miners like a Penn State coach
Pick me a digital wallet for holding all my amounts
read up on the all the ways to open lots of accounts

I feel like Tom Brady, I got a fear of inflation
But this is crypto, baby–central bank decentralization
The script I flipped it, laptop encrypted
My life was rotten now all my cotton's Egypt-ed

Now even on my vacation I'm crypto-supplying
They call me gentrification the way I'm block-modifying
Friends asking "what's the best part of your newfound treasury?"
I say "reminding you how you told me I'd never be a…

Bitcoin Billionaire
Spending money like I don't care
Flash drives in their underwear
Now that I'm a Bitcoin Billionaire

The cash was never-ending, yo
upscale and fun and rowdy
I was spending like a 7 on a
scale from 1 to Saudi

Call it mad bankin', all night and all weekend
My rig is Al Franken:
(grabs what it can while you sleepin')

Just try outspending me and you'll see I'm on a mission
I drop more Satoshis than a clumsy Japanese obstetrician
But I ain't open to splits, don't care if it's best or not
Opposing forks like a Chinese restaurant

I went from geek to chic, from basic to ASIC
I went from basement-squatting to yachting from basin to basin
Went from no friends and depression to peer-to-peer legend

Bitcoin Billionaire
Spending money like I don't care
Then one day there was a solar flare…

I was a Bitcoin Billionaire
Spending money like I don't care
Now I just pawned my underwear
Used to be a Bitcoin Billionaire.

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  1. Ahh missed these! Real good, thoroughly enjoyed.

    1. I’m making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life.

      This is what I do… http://www.onlinecareer10.com

    2. Start earning $90/hourly for working online from your home for few hours each day… Get regular payment on a weekly basis… All you need is a computer, internet connection and a litte free time…
      Read more here,….. http://www.startonlinejob.com

    1. As EAGER to be brainwashed and bamboozled as are progressives
      …. FOR THE TRIBE!

      https://reason.com/reasontv/201…..nt_7070707

  2. The lack of technical understanding revealed by this video enraged me to the level of massive, massive diarrhea!

    1. No kidding. I’ve never been to a Chinese restaurant where they didn’t provide a fork if you asked politely and the parents of most of the players show up a Chargers games, meaning the attendance figures are off by 2 orders of magnitude.

      1. Also, technically Franken only groped conscious women and only pretended to grope unconscious women. But I don’t think any of these should be a pants-shitting issue.

        1. Franken, the illiterate econazi Luddite, did us all a favor by at least revealing how much miscounting of votes the Kleptocracy resorts to exclude fellow looters.

      2. I agree. Only statists fail to grasp that it’s crackers to slip a rozzer, the dropsy in snide.
        (See, adding irrelevant gibberish is … easy! NO THINKING!)

    2. Been in since 2012, didn’t notice any glaring technical issues.. aside from his mining rig lol.

    3. Dubfuck goobers swallow Bitcon’s worset deflation on human history because … “It’s not gubmint!”
      First they got suckered into demanding gold backing (which failed). Now they want NO backing!
      Some oare SO eager to be brainwashed.

  3. I believe that cryptocurrencies will enhance financial transactions, replace fiat currency to some degree, and be a boon in the coming years but I still found this to be one of his better videos. Love it even if some of it is off a little! Need more Remy and Andrew Heaton!!!

    1. That’s because you’re BEGGING to be brainwashed to a sub-human level.
      Proof: https://reason.com/reasontv/201…..nt_7070707

  4. Every regulatory scheme that obama, hillary, or warren has cooked up was in fact an extortion mechanism designed to squeeze campaign contributions or donations to the clinton foundation and slush fund or other soros backed liberal scams against liberty.

    1. Their followers ase stupid, easily brainwashed and hopelessly stupid.
      Like your own tribe.

      Did you copy/paste that from Breitbart, Infowars, WND, Fox, or some other conspiracy website?

  5. Join Ron Paul in REPEALNG the Law of Supply and Demand! If bitcoin is currency — then anti-gubmint goobers have been conned into DEMANDING hyper-deflation — 1000x worse that the deflation which destroyed the gold standard. “BUT IT’S NOT GOVERNMENT MONEY,” proclaim the right-wing snowflakes.

    First the snowflakes were conned into demanding currency with a solid backing — like gold. Now a “currency” with NO backing, like bitcoin. HUH?

    The gold standard was demolished decades ago by a REAL libertarian, Milton Friedman … with one simple question.

    “Do we want a stable money supply or stable prices?”

    Jammed it right up their ass!
    Gold failed as a currency when the Industrial Revolution caused the Demand for money to grow much faster than Supply could keep up. Deflation, per the Law of Supply and Demand. Gold’s failure was PROVEN when silver had to be added — which also failed.

    There was steady deflation for over a century, until the 1920s, except for wartime monetary expansion. Deflation forces wages down just as inflation forces them up, The gold standard fueled Marxism. His “exploitation of the working class” — shrinking wages — was caused by the gold standard deflation, not capitalism. Worker wages were FORCED to decline by Supply and Demand.

    The Fed also failed at stable prices. But despite Ron Paul’s bullshit, Fed INnflation replacd DEflation.
    Friedman’s solution is both simple and obvious.

    Cont’d

    1. Part 2

      Stable prices REQUIRE a Supply of money growing (or contracting) with the Demand for money. For the uneducated, prices rise or fall, to keep supply and demand in balance. THAT is what government should do, match Supply with Demand. Well, anti-gubment goobers went INSANE! “That’s still government control of the money supply” — the same nitwits who confuse stable prices with stable money supply. (The “sound money” retards)

      Now enter Bitcoin .. an excellent investment — until the bubble breaks — created by INTENTIONAL deflation (intentional under-supply). But — pay attention — those same staggering profits make it the ….. very … worst … currency … ever. Deflation is caused by increases in the PRICE of money! If the price of money doubles, relative to supply of goods … then it buys half as much. DUH (FUCKING duh)

      So here’s my challenge to Ron Paul and his fellow goobers. Tell us how to maintain stable prices … by IGNORING the Law of Supply and Demand (One of MANY dumbass fuckups when gubmint hatred crushes the love of liberty)

      But it’s a libertarian moment!!!!
      In Hades

  6. I read the very interesting article about the “buyers” of bitcoins and how many missed the opportunity to become zillionaires. However, the article left me with one question: Who is buying the bitcoins at 7000 or 15000? Also, the pizzer?a that sold the pizzas for bitcoins, what did they do with them? I would have like to see the other side of the trade, not just the one who missed but also from those who bought.

    1. It’s a bubble, not a currency. The ONLY reason to accept it, as a merchant , is the potential for further gain … from the HYPER-deflation. It’s backed by nothing, but it’s not government which excites the goobers. Remy’s ridicule was a perfect analogy..

    2. Bitcoin suffered a MAJOR crash this week — 25% in 24 hours … $121 billion in less than a week.
      The hard way of correcting for its MASSIVE deflation. 🙂

  7. I owned bitcoin when it was around 10 cents and sold it all when it got to 10 dollars….made paltry amount of money and hate myself now of course. Wish I had just been lazy and forgot about my little stash of coins…

    In any case (and I don’t know the answer), but the idea that bitcoin is not ‘backed’ by anything, is that really true?

    is bitcoin not at least somewhat backed by the amount of energy it takes to mine a coin? Meaning the price of mining a coin is some incredible amount of energy. Bitcoin miners keep mining bitcoin because the amount of energy used is being supported by the market price. As long as this is the case then is bitcoin backed by some floor price of the amount of energy used to create a bitcoin?

    If people were not willing to pay the price for an ounce of gold that equated to the energy needed to mine that same ounce (plus some small profit), then gold would stop being mined. I suppose after that point the price of gold could keep falling, and just no mining would be taking place.

    perhaps i just answered my own question…..

    1. In any case (and I don’t know the answer), but the idea that bitcoin is not ‘backed’ by anything, is that really true?

      Yep. Pure smoke. Hence the MASSIVE deflation.
      The ONLY reason for a merchant to accept it is the opportunity for gain. But that gain is called DEflation, which killed the gold standard at a MUCH lower rate.

      Some libertarians fantasize it’s a currency, for the sole reason that it’s not gubmint. THAT crazy/
      Milton Friedman knew, decades ago, that stable prices are superior to stable money supply .. and how to maintain a currency with NO inflation and NO deflation. Simple. The money supply can increase or decrease to match expansion or contraction of demand for money, The Law of Supply and Demand. Just that simple.. ,

      If people were not willing to pay the price for an ounce of gold that equated to the energy needed to mine that same ounce (plus some small profit), then gold would stop being mined. I suppose after that point the price of gold could keep falling, and just no mining would be taking place.

      Bitcoin suffered a MASSIVE crash this week … lost 25% in 24 hours … $121 billion in less than a week. It’s an investment, NOT a currency. duh..

  8. First I was a hippie, then I was a stockbroker… now I am a hippie again!

  9. Hihn and Galt
    Money is merely an intermediate medium of exchange. Therefore, and there is NO arguing this fact, Bitcoin is money or currency.
    When a currency retains its value, it has an attractive quality. Acting as a store of value is NOT REQUIRED. Money does not need ANY BACKING.
    Your only argument is that Bitcoin has no backing. This is currently true and likely to always be true.
    Backing is only important if money is a poor store of value. Currently, governments determine the base of the money supply and therefore traditional currency is valued depending on how responsibly a nation manages its currency. Gold as backing is only desirable because it acts as a safety valve when nations fail to maintain money with a sufficient store of value. Traditional currencies fill that role with Bitcoin.
    The volatility of Bitcoin merely indicates that it is not a reliable store of value over its current lifetime (current Bitcoin billionaires may disagree). However, it is shortsighted to assume that this will always be the case.
    If Bitcoin can achieve the expected price stability of a reliable traditional currency (2-3%) per year, it could shore up its weakness as a stable store of value.
    International transactions currently operate knowing that current float prices change constantly. Users are perfectly content with the costs of exchanging currency as long as this is not too extreme.

    1. Deflation is only a bogeyman because of psychological reasons. It is inherently no more problematic than inflation.
      Stop playing the Chicken Little. While you may be right about long term stability, you could also be horribly wrong. There is NO doubt that you are wrong that Bitcoin is money.

      1. See the statists delusions …

        Deflation is only a bogeyman because of psychological reasons.

        IT FORCED WORKER WAGES DOWN FOR OVER A CENTURY … fueling your MARXISM …. “Let them eat cake.”!

        It is inherently no more problematic than inflation.

        You’ve already shown total cluelessness on the issue. But the two have exactly opposite victims and beneficiaries.

        Stop playing the Chicken Little

        TRANSLATION: Please stop arguing for STABLE PRICES, because that’s in-con-veeeeeeen-yent to your Bitcoin investments … which JUST CRASHED.

        There is NO doubt that you are wrong that Bitcoin is money.

        We said it’s NOT money
        .. and I just ridiculed your confusion of barter with money.

        One more time: The ONLY reason for a merchant to EVER accept it is … DEflation .. which you sneer, dismiss and PROVE you do not understand.

        How much did you lose in last week’s Bitcoin CRASH?

    2. Money is merely an intermediate medium of exchange. Therefore, and there is NO arguing this fact, Bitcoin is money or currency.

      Arguing the fact is simple. By YOUR definition, “currency” is a toally useles ,.. since i would include ANYTHING used in barter, for the past 3000 years!

      When a currency retains its value, it has an attractive quality.

      Bitcoin just nearly half its value in a single week! HELLO?

      Money does not need ANY BACKING.

      This is a libertarian web site. You just defended fiat money … thus NOTHING we said has ANYTHING to do with your parallel universe.

  10. There’s no question that crypto is money as long as 2 or more people agree that it’s money–it’s money. The question is: Is it good money? For millions of users, the answer is yes. It’s a unit of account (but the dollar is the best unit of account so far). It’s a store of value but doesn’t have a long history of that. It’s limited in supply. It’s portable (scores much better than gold in this regard). It’s fungible (scores much better than gold in this regard). It’s recognizable and hard to counterfeit (scores much better than gold or paper money). It’s divisible (scores much better than gold in this regard). So yeah, crypto is great money.

    Also, it has intrinsic value just as databases have intrinsic value. Possession of bitcoin, for example, represents permission to write to the bitcoin blockchain database.

    1. Backed by absolutely nothing … fiat currency … but praised by the same goobers who spent decades hating fiat currency …. but this is not gummint!

      It’s also suffering DEflation — hundreds of times greater than the century of deflation under the gold standard.

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