james22

In my money management career I’ve worked with people who have thousands of dollars, hundreds of thousands of dollars, millions of dollars, tens of millions of dollars, hundreds of millions of dollars and billions of dollars. I don't even question that he's probable right about the sweet spot. I just don't think it matters. If he's shared his observation with any of his clients who have more than $10M, I'm pretty sure not one has divested themselves of a dime.

Yeah, I'm unconvinced (as much as I'd like to be). Because it changes once you surpass it. At $5M, it sounded good. It doesn't now.

I’m overgeneralizing here but the sweet spot for being really rich but not feeling overwhelmed by the pressure of the wealth is somewhere in the $7-10 million range. https://awealthofcommonsense.com/2025/02/the-perfect-level-of-wealth/

Why The Yuppie Elite Dismiss Bitcoin https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Well for one, there's actually a money laundering technique known as the Vancouver Model: The Vancouver Model is the name anti-money laundering experts gave to a unique model observed in Vancouver, Canada. It involves taking illicit cash earned through crime to a casino (often a VIP room), and gambling some of the proceeds. The chips are then cashed out of the casino as clean cash. To further obfuscate the funds in a money laundering process known as layering, the funds are then used to buy assets such as real estate. https://en.wikipedia.org/wiki/Money_laundering_In_Canada Canada has become a safe zone for the world’s most notorious crime groups and threat networks that are harming Canada’s national security and imperiling the security of other nations,” warns a report published in late November by the International Coalition Against Illicit Economies (ICAIE). https://nationalpost.com/news/canada/canada-a-safe-haven-for-transnational-crime-networks-and-their-dirty-money-u-s-report “Greater Vancouver has acted as a laundromat for foreign organized crime, including a Mexican cartel, Iranian and Mainland Chinese organized crime,” the German report said. “The region has acquired an unenviable reputation for serving as a site for money laundering, drug trafficking, and capital flight.” https://financialpost.com/real-estate/billions-in-dirty-cash-helped-fuel-vancouvers-housing-boom The network of an elite Chinese Mafia suspect with significant industrial assets in British Columbia has been implicated “in recent RCMP investigations of CCP police stations in Canada, and other countries,” according to a sweeping new report from a United States anti-corruption NGO. The report cites a collection of stunning cases and statistics to argue that transnational criminal networks with ties to China, Iran and Russia are using Canada to launder tens of billions annually, and related economic and political operations are undermining safety and democracy in the West. https://archive.ph/vJpJO#selection-593.0-615.285

Huh.

That you are unfamiliar with the issue might explain why you are so surprised by the tariffs, eh?

87% of those on the terror watchlist were captured on the Canadian border.

No, it means you don't know what the fuck you are talking about.

Seriously? Border Patrol data states that 358 suspects on the terror watchlist were arrested on the northern border at ports of entry in fiscal year 2024. Three suspects were encountered between ports of entry. On the southern border, a total of 155 suspects were encountered in fiscal year 2024. https://www.cbsnews.com/boston/news/illegal-crossings-northern-us-border-terror-suspects-arrested/

Whatever calculus you've decided that makes a tariff war preferable to better policing, you should consider: If you imagine Americans are angry about Canadian security negligence now, imagine what it'll be post some terrorist attack linked back to Canadian passage.

You really don't know the history of this thread.

I took your ONLY THING: as meaning like a Ponzi, rather than adoption being the thing reflecting utility. One doesn't invest in BRK based upon any belief in increased adoption, no. Value investors are not Growth investors, no. But BTC proponents have often been accused of benefiting from sharing their interest, unlike any other proponent. That's insane (even if BTC was snake oil, none of us benefit from convincing a couple COBFers to invest). Crazy to have to defend. If I've read you wrong, it's because there's a lot of thread history you might be unfamiliar with.

You imagine something dependent upon adoption is a strike against it, it is not. Just because you wouldn't measure BRK by an adoption curve (it has plateaued) doesn't mean it isn't appropriate for other investments. Like genius, utility only has value as it is recognized, and proportionately. The size and shape of the adoption curve is how Growth investors invest. I believe BTC has great utility and so I believe it will be adopted quickly and by many.

And without managing to persuade a single investor here to buy (as far as I know).

WTF do you think I mean when I speak of adoption curves all the time?

Every Growth investor who recognized the adoption curve of Facebook, Google, Amazon, etc.

If we assume I shilled full-time last year, I made almost $2,000/hr.

BTC gains in one hand and predictions in the other. One's filled up first.

In what way do you imagine BTC proponents are different from any other?

I've not lost money in MSTR. In fact, I've made more in one year than over fifteen in BRK. BRK is a Ponzi!

Sure, but not exactly "categorical."