rkbabang

Now lets do the US.

Good thing he's libertarian not right wing. As for the rot, that's what the chainsaw is for.

Yes, he's great. He's a like a mix of Ron Paul's politics (only more so) with Trump's unfiltered way of speaking (only more so). I love it.

This guy looks like the real deal! He even named one of his dogs Rothbard. I’d vote for anyone who was willing to dress up as Captain An-cap in public.

Thanks. Interesting. It looks like it has underperformed the S&P500. https://www.etf.com/etfanalytics/etf-comparison/SPY-vs-YPS

Yes, it wouldn't work if people piled into it in size. And I wouldn't want the bottom 7 weighted that heavily anyway. I wonder if you could skew an almost equal weight ETF toward the bottom a little. Instead of each of the 500 companies being weighted 0.2%, have the bottom 250 being weighted 0.215% and the top 250 weighted at 0.185% or something like that.

I always wondered how an inverse-weighted-SP500 index would do. The smallest companies weighted higher and the larger weighted lower. Give the 500th company the weighting that the 1st is now and the 499th the weighting of the 2nd, etc all the way up with the current 1st company weighted what the 500th is now. You would capture the smaller companies growing and while you would own some of the mega-caps you wouldn't be limited to the law of large numbers. Some of the companies toward the bottom could grow tremendously while there is a limit to how much a $2T company can grow. I suppose you could create this on a spreadsheet and back test it. But I'm not THAT interested.

Watched "What the Doctors Saw" on Paramount+ last night. Good documentary about the Parkland Hospital Doctors who treated JFK in Dallas after the shooting. An interesting part of the story and some tidbits I've never heard. Probably won't change anyone's mind though. In my experience there are the people who will believe the official government narrative regardless of all the eye witness accounts in the world or and other evidence, and then there are the people who already know that the CIA murdered John F. Kennedy.

This is something that has bothered me for years and why for a long time I wouldn't hold FFH (although I do now again). From the very first share of RIM/BB they bought it was so obviously a bad investment and so obviously not for the benefit of FFH that I thought that there must be an ulterior motive (helping a dying local company who hires from a school he likes was my theory). FFH's involvement with BB has never made any sense and it still doesn't. Nothing FFH has done with BB was to the benefit of FFH shareholders and it was always blatantly obvious from the very first share purchased. Now he's loaning them money at 1.75% interest. That can't possibly be for the benefit of FFH shareholders. There is a reason, I'm sure, but not the right one.

There won't ever be an "end of work". There might be an "end of the need to work", but that is a very different thing. People will work at things they want to work at, even when they don't have to. There are million things I wish I had time for that I don't do because I have a job. Sure some people will just lock themselves in a dark room and play video games all day, others will spend the day nodding off with a needle in their arm, but many people will remain busy, will build things, will invent things, etc....

Say what you want about Bitcoin, but you have to admit the Bitcoin community has the best holidays.

So you are a value investor and you will not make money any other way? Many of us don't limit ourselves like that. I own SRUUF for example which is a physical uranium trust, because of a number of reasons I think there is going to be a major uranium supply shortage and the price will continue to go up. Owning physical uranium isn't value investing, but why should that matter? If you saw land or a house for sale and you knew a whole foods was going in down the street you wouldn't buy it to sell if for more in a year? If you saw a baseball card at a yard sale that was drastically under priced you wouldn't buy it and put it on ebay? Value investing is a great paradigm for making money investing in public companies, because it is repeatable (mostly). But there are other ways of making money too. Most of the non-value-investing ways I've made money in my life have been one-offs and not repeatable. Just like Uranium now (but especially a year ago) and the baseball card example, Bitcoin is like that. It is a once in a lifetime thing. You aren't going to be a "brand new store of value investor" and find a new type of store of value to invest in every year. Sometimes in your life opportunities arise to make money and you either take them or you say, "no thanks I'm a value investor".

I know it is pretty funny that had I looked at ETH at first the way I do know I never would have bought it. Life is funny like that sometimes. I cut the sentence out of the main quoted area. Paste it into your message. Highlight it then hit the quote symbol on the editor. See picture.

Nick Szabo is a good guess, and probably was involved, and IIRC he did invent some of the concepts used. But I find it hard to believe that anyone alive has Satashi's private keys and hasn't touched the fortune. Yes, I realize that now, but I was a little slow in getting it. It took a deep dive into PoW vs PoS for it to click for me. I did always realized that a Turing complete block chain couldn't be a currency or long term store of value, but I thought it could be a secure enough platform for smart contracts and things like DAOs. Like I said I've changed my mind about all of that. Any Turing complete system will never be secure enough even for those purposes even if it is PoW. And no PoS system will ever be decentralized enough to be trusted. So ETH is neither secure nor decentralized. It took me a few years to come to this conclusion, which people such as yourself saw immediately, the pre-mine should have been the tell, but I eventually got it. I still made a killing off of it, buying at $8 and selling a bunch at over $4000. It is still a 6% position for me, but it is "free" as I got far more than my money back on what I sold already. I will probably convert more to BTC next year. I will have a high enough tax bill from the conversion I did earlier this year that I want to wait until the next calendar year to convert any more.

As of today I am: Stocks: 46.5% Real Estate (2 homes with 100% equity): 35.6% Bitcoin: 11.0% ETH: 5.9% Other Crypto: 0.9% I've been buying small amounts of Bitcoin every week. The last 6-9 months or so, the majority of new investment money outside of my 401K has gone into Bitcoin.

Yeah, I didn't initially think ETH was a scam and bought a significant amount of it. The planned conversion from PoW to PoS , and then actually going through with it, is what changed my mind. It took me a while, but when I finally realized what PoS was designed to do, I completely changed my mind about ETH.

Your last 2 posts were excellent. I think here you made a small mistake. When Bitcoin finally stabilizes as the base-layer of wealth in society, it will increase not with population growth, but with productivity growth in the world's economy. The more human wealth created, the more valuable each Sat will become regardless of population growth. The inverse is also true, if human wealth is destroyed (a major war/asteroid strike/etc) the value of each Sat will decrease. It will always be (human wealth)/(number of Sats in existence). Since the denominator is mostly fixed (it can decrease if some are lost) the value of each Satoshi will mostly depend on numerator.

Yes. I own Bitcoin for a number of reasons, but the first and foremost is that I think it will increase in value in the future. That is also the reason that I own every stock which I own as well. I don't spend my hard earned dollars purchasing a stock because I want to support the company, or I like their product. I do it because I think I will profit. It is also the primary reason I purchased my vacation home. It is also the primary reason I picked my primary residence in the town and location I did. Whenever I buy something, I do so because I think it will be a good investment if possible. There are other reasons I purchased Bitcoin and my homes, but the good chance that they will increase in value is the primary reason. I wish there was a way to purchase a daily vehicle with the reasonable expectation of it increasing in value, but there isn't, which is probably why I've never been a car guy. EDIT: And notice I said "will increase in value" not "will be worth more in USD". I fully believe that I will outlive the USD and my Bitcoin will be worth far more than it is now. I think there is a 60% chance that you won't be able to buy Bitcoin with dollars someday. So BTC/USD price will be meaningless.

I fully agree with this which is why I am not investing in any crypto other than Bitcoin at this time. Even if you learn how to separate out the outright scams it is impossible to see what the future holds for any crypto asset or blockchain based project other than Bitcoin. I still hold a fairly large amount of ETH, but that is a result of me buying a bunch at $8-$15 in 2016 and not having sold them all yet. I sold some in 2021 at $4k and I made a major conversion of a significant portion of it from ETH to BTC this year. I still hold a lot of ETH though, more than I'm comfortable with even at todays prices and I'm not sure if I'm going to keep the rest or convert it all to BTC at some point. I certainly wouldn't buy any more.

Yeah, I think people are rethinking paying thousands or millions for JPGs of cartoon animals. As I've said before in this topic, the concept of an NFT on a blockchain is a valuable one. It could replace things like registries of deeds. It could be used to prove ownership of all types of properties making proof of ownership and transferring property quicker and easier. But the thing you are owning is what has the value, not the NFT itself. Eventually ownership of actually valuable art, homes, cars, and even companies could be traded as NFTs on a blockchain replacing deeds and stock markets. Who cares if I own a jpg of a cartoon ape if it's worthless?

That’s the reason I personally think Satashi was Hal Finney. He passed away in 2014. I can’t imagine anyone could have that much wealth and never touch it. Whoever he was he must be dead and his keys lost.

Does it matter? The code stands on its own. Which is why he remained anonymous. Bitcoin has no leader and it doesn’t need one.

Yes, very disturbing. The USD chart is far more comforting to many people.

I don't know about a billion years, but I am confident that Coke, Bitcoin, and the use of Gold as a form of savings will all outlast the USD.

How did the US currency do the first 10 years after it was introduced? There used to be a saying "Not worth a continental". (look it up) Anyway, <sigh>, it's about time to give up this discussion as it's going in circles. I'll just quote Satashi himself: “If you don't believe it or don't get it, I don't have the time to try to convince you, sorry” --Satoshi Nakamoto