wachtwoord

Bitcoin isn't a currency.

I doubt there's all that much wealth to be lost for 2 reasons: 1. You go by market cap, which especially in the scammy crypto universe is a terrible way to estimate valuation. So many of these "coins" they just create 100T of them, sell 100 and then estimate market cap to be sell price * 100T. That's clearly not right. 2. Even with so many outrighteous overstatements if market cap Bitcoin is still >40% of all valuations. Unless of course you argue Bitcoin's worth much less than it's priced at today but then we have to agree to disagree.

I don't want to single you out or anything but a comment like this shows how someone who's lost. I mean unknowingly (?) you are constructing a strawman: crypto has no value because DOGE. I agree DOGE indeed has no value. If you think that says anything about Bitcoin you'd be wrong though. Just because pets.com has no value doesn't mean Microsoft or Amazon doesn't. Are there utility-nfts yet?

Why on Earth do people say Ethereum in the same breath as Bitcoin? Wouldn't buy it at 1% of the current price ...

Says you (and unfortunately the government, the goons with the guns). That is a non-definition, I'd call it newspeak (no relation between meaning and word anymore). Similar how in your country a group is calling itself liberals (or neo-liberals) while liber means freedom and they are advocating the opposite through advocating for many goverment regulations (the polar opposite of freedom). Not many people realize they've been living in an Orwellian world all along.

Income? It's just moving property from one person to another. Or do you consider the ome receiving the inheritance (spouse, children) employee of the deceased? It's not income.

And once again Greg nails the thread. Estate, inheritance, death taxes are the most unfair taxes out of the lot of them. It's already taxed wealth (usually several times over) and sometimes even originated abroad (in situ assets are covered).

They are (much) worse. Criminals generally don't pretend to be the good guys.

Thanks for the information and the lecture video. Much appreciated!

Sorry I misunderstood. I saw the JPM news before the BRK. Dismissed JPM but saw the BRK and wondered what was going on. @thepupil So indeed despite and not because of.

I wasn't asking about the many great assets that BRK surely has that will retain long term value. I'm asking (in isolation) why holding an asset rapidly losing purchasing power (his speculation) and increasing in supply has a positive expected return. Your argument is that there will be a large demand. My follow-up question is then: why will 3rd parties have a large demand for an asset rapidly losing purchasing power in the future? Are you (and Buffet) preparing for another liquidity crisis, dispite the inflation?

Why would you hold cash if you are expecting high inflation? Sounds like a larger hurdle to argue for holding cash as you'll need to overcome the loss of purchasing power implied by the higher inflation too.

Indeed @rkbabang. Victim blaming may go against your sense of fairness @achangegonnacome and I might even agree. What we think is not relevant though because the world is not fair and denying reality is plain stupid. Or do you drive around town with your entire life savings in a briefcase with Dollar signs drawn al over it?

Interesting thought experiment! Considering it's hard to choose which companies will win. How about going for commodities? Steel and oil in 1903 for cars. (Perhaps add platinum if you would have known about the success and make up of catalysators?). I didn't check, did that even work out? Was it possible to secure stock in these over that timeframe? (unlikely without starting out with a significant amount of political influence I think). For the internet revolution? What are the components (routers, cpus, ram, etc) mainly made off that's rare (enough) and not used much for other purposes? (hard question ... I couldn't find any). How about domain names? But would we know enough off the future to know what domain server design would win and to be certain domain names would be respected as property and not simply exapropriated? Similar questions exist for the hypothesized AI future. What would be the main components of these? Would this market even be allowed to be private? If the world is in a major socialistic wave when this revolution happens (very possible considering the situation today and the loss of jobs predicted by some as a direct consequence of an AI revolution) that would't be likely.

The old one scrolled way easier through the lists of latest posts on my phone (my main way to browse the forums) so I prefer that. The current unread content list takes more space per thread and is a latest post list, not latest threads that had a post, which I prefer. I don't know how many use the forum as I do so take the feedback for what it is.

@Cigarbutt I advise you to read your own posts here again. Pay special attention to both content and tone and then decide whether you are not actually guilty of what you are accusing others of.

Your analogy is incorrect (and I'm very surprised you voluntarily took the vaccin. Young healthy people have negliable chance for any serious complications from covid-19. All affected had pre-existing weaknesses of some kind. The consequences of a rushed and vaccin in the middle of phase 2 testing are not non-negligable however. Of course chances of complications are still small so you'll pribably still fine but in my opinion you did just increase them.

If political talk isn't allowed/meant here this topic really should be moved or closed here. I've not seen any off-topic post here (except yours and my current post I guess but I understand why you posted it).

Greg, they want you to do that. The more people they vaccinate the more kickbacks they get. Hence the entire manipulation angle and threathening (hopefully just threathening) of taking away the right to travel from those who don't want to take an untested, badly working (it needs yearly repetition) and (more importantly) unneccesary (not a dangerous illness) vaccine.

@Greg: This post is inherently political. Just cause it's not a red-blue thing in the US doesn't mean it's not political. It's political because: 1. Politicians are urging people to take the vaccine. Now whether you think that's mainly through lies and manipulation to benefit from it (e.g. through them owning equity in certain pharma companies, in the Netherlands this was proven for the Mexican flu, no-one cared) or through education, it's still an inherently political topic. 2. Same with taking away people's rights (even if temporary) both wrt social distancing and wrt people refusing to be vaccinated, is inherently a political topic. If someone (dwy000) argues there shouldn't be political talk on this forum he should argue all discussion on Covid-19 should be stopped (as would a great many other topics). Just like you it's my impression Parsad does not want that (or he would have locked this topic)

Chances of death are very low but you can still get very sick and incur permanent damage to your lungs or organs. Even if you are healthy. Not just theoretical, I know someone 40ish and healthy and fit that had this happen.  They have lung damage, it's permanent.  They also went through complete hell for 2 weeks. Israel has vaccinated over half their population and haven't reported any issues.  The pharma companies aren't based there so they have no reason to lie about the effectiveness.  I feel at this point it's quite a remote chance the vaccine is more dangerous than covid. The exact same thing is true for the flu. Do you think everyone should get innocolated (yearly flu shot)? I can write a list of bacteria and viruses that can (emphasis can) have terrible terrible repercussions (much worse than a Corona virus). Why are you behaving so differently towards this one? Could it be the global fear mongering? And you are going to use the shit hole called Israel as a good example? What's next, North Korea? Eritrea? I actually think everyone should get vaccinated for flu as well. I do it, I had a flu a couple of times before that and while I apparently survived it, wasn’t much fur for ~7-10 days each time . A flu shot is much easier on me and since ai got them, I never had the flu again. For COVID-19, the risk reward ratio for vaccination is much better because COVID is much more in inconvenient , if you get symptomatic and much more dangerous. Also, why is Israel a shithole country?  I can think of a lot of other states that deserve this classification much more so. Well at least you're consistent then. I think it's much better and healtier to build the resistance naturally. Israel? Look at their green pass system. Have they learned nothing from WW2? Of course this is not the first indication of unethical behaviour by Israel.

Chances of death are very low but you can still get very sick and incur permanent damage to your lungs or organs. Even if you are healthy. Not just theoretical, I know someone 40ish and healthy and fit that had this happen. They have lung damage, it's permanent. They also went through complete hell for 2 weeks. Israel has vaccinated over half their population and haven't reported any issues. The pharma companies aren't based there so they have no reason to lie about the effectiveness. I feel at this point it's quite a remote chance the vaccine is more dangerous than covid. The exact same thing is true for the flu. Do you think everyone should get innocolated (yearly flu shot)? The IFR for covid-19 is about 2.5x that of the flu. The r0 of Covid-19 is about 66% higher than the r0 of the seasonal flu. Yes that is unfair. You comparing the numbers for the average Influenza with a specific strain of Corona. Either compare average Corona with average flu or Covid-19 with worst Influenza strain. No cherry picking!

Chances of death are very low but you can still get very sick and incur permanent damage to your lungs or organs. Even if you are healthy. Not just theoretical, I know someone 40ish and healthy and fit that had this happen. They have lung damage, it's permanent. They also went through complete hell for 2 weeks. Israel has vaccinated over half their population and haven't reported any issues. The pharma companies aren't based there so they have no reason to lie about the effectiveness. I feel at this point it's quite a remote chance the vaccine is more dangerous than covid. The exact same thing is true for the flu. Do you think everyone should get innocolated (yearly flu shot)? I can write a list of bacteria and viruses that can (emphasis can) have terrible terrible repercussions (much worse than a Corona virus). Why are you behaving so differently towards this one? Could it be the global fear mongering? And you are going to use the shit hole called Israel as a good example? What's next, North Korea? Eritrea?

@LC "Can't vaccinate" lol I "can't" take poison either thank you very much. They want poison? They take it.

I think you can equally use this argument against gun control. Guns have been around for even longer than a year. And in 2015, about 13,286 died as a result of being shot, so certainly not more than 13,286 people died of being shot in the head. And there are about 330M people in the USA. Therefore, if you're shot in the head, you have less than a 0.004% chance of dying. There's basically almost no chance of dying if you're shot in the head. Well yes, very few deaths per year are because of gunshots so I would argue against gun control as well. Primarily because also the value of the populace being armed is very very high (mainly protection against a tyrranic government), next to the relatively low "price".