rkbabang

BTC. Yes, I buy some small amount of Bitcoin every week, but today was a major purchase. I funded it by converting 40% of my ETH into BTC, all of my XTZ into BTC, plus new cash as well.

Or both.

What something actually is has nothing to do with the intentions of its creators. Gunpowder was supposed to be a medicine, but no one thinks of it that way today. I can manufacture shiny little metal beads and tell you that if you buy them they will bring you great wealth because people will pay you more for them someday, and I can do this with the intention of getting rich myself. But that doesn't make these shiny little metal beads into a security. If it isn't a contract which gives you the rights to ownership of something else then it is not a security regardless of what its creators intended.

Yeah. "We already have digital currency. It's called the U.S. dollar. It's called the euro or it's called the yen; they're all digital right now” -- Gary Gensler Not a huge crypto advocate. Yes, the US is clearly not acting rationally here going completely against the advice of Major Jason Paul Lowery in his thesis I recommended above "Softwar". Unless the intention is to get Americans to abandon shitcoins and focus on Bitcoin alone, then maybe they are doing this because they are taking his theory seriously. I don't know.

Exactly. When you own one of these tokens the only thing you own is the token itself. Which makes it closer to a commodity rather than a security.

Macro predictions are fun to read. Nobody knows, everyone will admit that nobody knows, ... yet everyone still thinks they know.

And if you work at the SEC who’s going to prosecute you? Place your bets, then make it happen. Nice work if you can get it.

yeah. I don’t want a mega-mansion, a mega-yacht, or a super car. The only thing the ultra-rich have that I’d love is the ability to fly private. There is no difference in the airport experience between the cheap seats and first class. I don’t weigh 300lbs, I don’t need a bigger seat for 3x the cost. What I want is to avoid the whole commercial airport experience.

It's brutal. Thanks to all the parentals for our efforts to perpetuate the species. My wife stayed home with our kids. This costs us a lot in lost income, but from what I'm reading here about childcare costs, maybe not as much as I assumed. I know we were in the minority. I'm not sure why this isn't done more often as it isn't just about the money, there are a lot of non-monetary benefits to making this choice.

I've never figured out how to like posts on this site, but @Saluki nailed it. No one is truly poor anymore. This is true at least in the first world countries, with the exception of the mentally ill who aren't being taken care of properly, and increasingly close to true in the 3rd world as well. And being rich is in your mind more than anything else. Some are rich with comparably little and others have enormous amounts, even $billions in some cases, but feel they don't have enough.

"She's wilding bro" LOL

Great thread. I agree with whatever gets you enough to live the lifestyle you want makes you rich. It doesn't matter what other people think. I really only know two types of people in my life. People who think a million dollars isn't really that much money and people who think $100k in the bank makes you rich.

“The non-human intelligence phenomenon is real. We are not alone,” Grey said. “Retrievals of this kind are not limited to the United States. This is a global phenomenon, and yet a global solution continues to elude us.” INTELLIGENCE OFFICIALS SAY U.S. HAS RETRIEVED CRAFT OF NON-HUMAN ORIGIN https://thedebrief.org/intelligence-officials-say-u-s-has-retrieved-non-human-craft/

I just started reading "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin", by Jason Paul Lowery (https://www.goodreads.com/book/show/122975497-softwar). I'm only about 30 pages in, but wow. It comes at bitcoin from a completely different angle which I hadn't considered before and makes me think it will be bigger than even I suspected. Do yourself a favor and read: The Sovereign Individual, by James Dale Davidson The Bitcoin Standard, by Saifedean Ammous The Network State, by Balaji S. Srinivasan Softwar, by Jason Paul Lowery In that order to get a glimpse at what could be coming. I still buy bitcoin weekly (and have been since 2014), but I'm thinking about stepping up the amounts.

~$7.82M according to this. ”$1 in 1970 is worth $7.82 today” https://www.in2013dollars.com/us/inflation/1970?amount=1 But that’s probably based on CPI which isn’t great. I’d guess $10-$12 million is probably more accurate.

Even if it doesn’t scale, he’s still dumb to tell people. If I could reliably turn say $10K into $1M after tax every year. I’d live on $300K, put $700K into something simple like BRKB or a cheap S&P500 ETF and do the same thing every year. After 20 years you’ve lived a good upper middle class lifestyle and have dollar cost averaged $14M into the market. You’d have a nice little nest egg to retire with.

It seems to me that any such algorithm or formula would only work as long as there wasn't a shit ton of people doing it. Therefor the only smart thing to do is to keep making millions and keep quiet about it. The fact that he is telling people and selling online courses to teach people tells me that either it doesn't really work or he's incredibly stupid.

No slavery would never be ok with me, but if society allows it then it would be widespread (as it was when society allowed it). And round and round we go....

And since, he doesn't, we again have come full circle.

Close. You can think that you are right and society is wrong. And, of course, most in society will think that they are right and you are wrong.

As I said much earlier in this thread. I've never seen a coming recession so widely and confidently predicted by just about everyone. Which made me skeptical that it was imminent.

If you’re into that sort of thing I guess. There’s such a thing as granny porn so someone must be.

Joke thread seems like the proper place for this. Someone created a company to ship a bunch of batteries across the ocean, charging them in one place to discharge them in another. If this isn't peak ESG/climate nonsense I don't know what is. https://electrek.co/2023/05/29/electric-tanker-transport-clean-energy-batteries/

That's a good way to put it. Cities are for the young, the poor, and the rich. I see the pictures of the apartment in that above blog and that looks tight for a childless couple, add 2 or 3 kids and that is an impossible living situation. You pretty much have to live outside the city to raise a family unless you are wealthy enough to afford the space.

There is no "wrong" or "right" in the way you mean it. There is no absolute final word on these things. Society's values do obviously change over time. Some actions which were common place, non-controversial, and widely accepted for many thousands of years are no longer accepted today (child marriage/sex, slavery, etc). There are things which were considered immoral or wrong for most of human history that are commonly accepted today as just fine (loans with interest, homosexuality, etc). And there are things we do today which will someday be thought of as horrific (I'd like to think this includes coercive government and taxation, but other things that I can't even imagine could be included too), and there are probably things that we think of as immoral today which will be acceptable in the future (I don't even want to guess what these might be).