rkbabang

They created excess energy, but it is still a long long way from commercialization. My feeling is that there will be a huge ramp up of modern advanced fission nuclear generation long before fusion becomes commercially available. It looks like many in the US are awakening to the fact that we have a safe, dependable, environmentally friendly option already available to us which we aren't using. Many states are studying this issue now and have repealed laws banning new nuclear generation. https://www.nei.org/news/2022/states-continue-to-recognize-value-of-nuclear I was just listening yesterday to presentations given to New Hampshire's new Nuclear Study Commission by Oklo, Inc and by Meredith Angwin, author of “Shorting the Grid,”. You can find the meeting and slides here: https://nuclearnh.energy/event/regular-meeting-dec-12-2022/ I'm going to listen to one of their past meetings today where they heard from NuScale power and someone from the Nuclear Energy Institute https://nuclearnh.energy/event/regular-meeting-nov-21-2022/

The fee and time delay are minimal for large transactions, actually they are a huge improvement on any other method of transferring large sums, and for small everyday transactions there are solutions such as the lightning network. This type of thing will become easier and more common.

Tax revenues are paid in USD. So USD is backing the USD? If the value of the dollar is dropping then it is smarter to hold your wealth in something else and convert it to USD to pay your taxes. The fact that you owe taxes does create a market for dollars, but it isn't enough to completely save them from being massively devalued. Ever since the gold window was slammed shut by Nixon they don't even claim that there is any amount of gold backing the USD. All the government buildings and aircraft carriers in the world won't save the USD if people stop trusting it, and won't save its value if too many of them are printed. The government owns buildings and assets, but that doesn't mean that changes the market value of the USD, because those things aren't backing the USD. It isn't like you can say, hey look I have $X so I own Y% of the Whitehouse. You can not calculate an intrinsic value for the USD at all. All fiat money is faith based, when people lose faith, the money becomes worthless. If the USD became worthless then the government could still sell its buildings, but not for dollars.

Eventually that will be unnecessary more and more often. You send BTC from your wallet to mine and I give you the goods or services you are purchasing from me. Right now this type of exchange doesn't happen often, but it does happen and is growing. If enough people stop trusting the local currency or simply prefer BTC to the local currency the government loses all control whatsoever.

The same could be said for the USD. What is the intrinsic value of a piece of green paper? You can wipe your butt with it, but Charmin does that better. It's all just stamps if the world goes to shit. If the world doesn't all go completely to shit, then the USD is likely to keep losing value over time, while I think BTC is likely to keep gaining value over time.

Well said. Many people think the USD is some standard by which everything else can be valued, but its value is in constant flux. Pricing stocks in USD has the same problem. When a stock increases in price over time, it could be that the stock is more valuable, but it also could be that the USD is less valuable, or more likely some combination of the two. You see this when you own stocks priced in foreign currencies. The value in USD goes up and down not only with the stock price, but also with the fluctuation in value between the currency it is priced in vs your local currency. Right now most Americans use the USD as the baseline of value in their heads, but that could easily change. I only care about how much BTC I own, not what it is happens to be worth today in USD.

Yes, comparing one thing of value to another always has multiple variables. Even using USD is problematic because not only is BTC always changing in respect to the USD, but the USD is changing in value with respect to other goods as well, not just BTC. Saying BTC will be worth some X amount of USD someday doesn't tell you much because the obvious question is "which USD?" The 2007USD, the 2022 USD, or the someday USD? Because if BTC is ever worth $1M USD it will be both because BTC is worth more than now and the USD is worth less than now.

Because most people in the US use and understand dollars, so it is very easy to use dollars to convey the idea that BTC or ETH will hold more value in the future than they do now. If we started talking about the number of bananas, pineapples, gallons of crude oil, or pork bellies you will be able to buy with bitcoin in the future vs now it wouldn't make as much immediate sense to most listeners.

Yes, I was thinking the same thing. The ideal is to get human reasoning abilities and even creativity without the human-like mistakes and misunderstandings.

I was just reading about this on twitter this morning and ran across this answer. I'm not sure I'd trust the answers this gives you without verifying them for yourself afterwards.

Sold all my Jan 23 TSLA puts. Large loss on the $86.67 puts and large gain on the $180 puts. Made a few percent combined.

You are almost certainly correct. It will be a thing on Instagram soon.

The governments of the world not being able to confiscate your wealth could be considered a feature, rather than a bug.

"illegal" The ruling elite always calls protests illegal. When you agree with a protest it is a "mostly peaceful protest by people with legitimate complaints" even if it burns down a portion of a city. When you don't agree with a protest it is a "illegal insurrection by terrorists", even if it is basically a bunch of smiling people walking around a building taking selfies. I'm sure in the eyes of CCP the Hong Kong protests are "illegal" and in the eyes of the government of Iran the Iranian protests are "illegal". It's all tribalism. When your tribe agrees they are freedom fighters, when your tribe doesn't agree they are terrorists and criminals. I applaud anyone protesting their government whether it be BLM, the Jan 6th protesters, the Canadian truckers, or people in Hong Kong, China or Iran. Governments are the real criminals and "illegal" just means something the real criminals don't like.

Like having bank accounts frozen? How quickly people forget that China isn't the only totalitarian regime which freezes the bank accounts of political dissidents. https://www.businessinsider.com/trudeau-canada-freeze-bank-accounts-freedom-convoy-truckers-2022-2

+1 and so many forget the extent to which that took place. Credit card and paypal donations to the truckers weren't allowed to go through. Another reason that Bitcoin isn't going anywhere. You're government isn't totalitarian, until it is.

Does the US have a vaccine that works? I've been vaxed and boosted and I still got COVID. My neighbors have been triple boosted and still got COVID. Everyone I know that has caught it in the last year has had multiple vaccines. Except for my unvaccinated 71 year old parents who were less sick than my wife and I when they caught it. I disagree that the US has a vaccine that "works".

Yes, but what is the point? There are shady players in all markets involving anything of value. Diamonds, gold, real estate, stocks, expensive watches, ..... So what?

I think a lot of the big fish criminals do keep proceeds in bitcoin as an investment, but I will admit that I can't back that up at all because I don't know how to trace BTC. I'm sure that criminals and criminal organizations which invest have diversified portfolios including crypto, stocks, bonds, cash, real estate, etc. I never hear anyone say "Criminals often use the US Dollar, we should get rid of the USD for that reason". I'm sure even in 2022 the USD is used in crime far far more often than crypto.

The only thing she gets wrong is the timeframe. I'd be very surprised if it was $1M by 2030, but also very surprised if it wasn't $1M by 2045.

I’ve only ever used Coinbase, I buy and withdraw the BTC. I never leave it in there. I haven’t looked into any of the others. Edit: I just looked, I have about $800 worth in there now. That wouldn’t be life altering if I lost that. When it gets to a few $K I withdraw it.

My average cost basis in the BTC I still own is about $5K. I’ve been buying small amounts every time the price drops since dropped under $25K and will continue to do so. If it goes under $10K I might significantly increase my holdings.

I think long term the centralized exchanges will get more regulated, better capitalized, more professionally run, less scammy. And the decentralized exchange methods will become easier to use and more people will use them. In the short term there is going to be more instability and uncertainty, you will see more people calling it rat poison and more promoters as well, all of which will create opportunities for the patient.

It is definitely is going to take some time to shake out and there are probably more shoes left to drop. When the magazine covers go from "Is this the end of crypto?" to "The death of crypto!", we know we're close. I don't expect Bitcoin to go up much from here (if any) until well after the next halving. And it could easily drop another 40-50%. As far as shitcoins go, there aren't many coins that I wouldn't be surprised to see drop another 90+% and many will never recover.

LOL. I'm glad you didn't engage in hate speech against the religion of peace which wants her head. Literally.