rkbabang

Yes, I'd like to pay for my coffee with these which I've stored under my mattress do you have change?

What's the population of Russia 150M? 150M people could use crypto, but it wouldn't be easy for 150M people to get up leave Russia today.

https://www.nbcboston.com/news/national-international/mastercard-visa-suspend-operations-in-russia-after-invasion/2661916/

Oh my god, that sounds crazy. I had to re-wire a good portion of my lake house only because it was old 2 wire (no ground) electric with a fabric like insulation that crumbled when you touched it. I didn't have any extension cords going outside and back in through a window though. Like a lot of people here I spend a lot of time on house projects, I pretty much do everything myself. My lake house was a fixer upper when we bought it and we are almost done with it now. One more big project left will be putting in a bathroom in the finished basement. That will be next winter though. My other hobbies are investing, shooting, hiking, boating, reading, cooking, and drinking a hell of a lot of coffee.

#BombsNotEnergy

Nice. Real Estate aside, my investments are about 2/3rd in retirement accounts and 1/3 in taxable. So a lot more than a year's salary in taxable. I'm going to be paying a lot more than my year's salary at my day job in capital gains taxes alone for 2021. That is very unusual though. I was hoping the LAACO deal would close in January, but unfortunately it happened in December. I also bought & sold an unusual amount of options last year (and sold a piece of land I owned in Maine. So it was like everything just piled into 2021.

I hear you. That happened the same year I sold a ton of crypto and paid off both my houses. I've never had a year like that before. I'll complain about the taxes of course, but there are worse problems to have.

Last year for that K1. If it's the same one I wait for every year. But yeah, I really should look into becoming a billionaire too one of these days.

Ask people in Russia if their foreign bank cards all work. You didn't used to be able to buy your groceries with a credit card either in most places. I think the problems you are pointing out are going to change sooner rather than later.

I agree. I think the recent events in Canada and Russia illustrate clearly why a corporate coin or a Central Bank coin will never be a good idea. If governments or corporations can cut you off, then you do not really own what you think you do.

Sounds like me (although I don't have snow mobiles or off road buggys). It isn't like you can buy a lakehouse in NH that isn't heated with oil, and I agree with him, what is the point of a lakehouse if you don't have a boat?

The truth is always somewhere in the middle. If you tow only a few times per year you need the bigger vehicle, but gas prices would have to be tremendously high to justify having a second vehicle for commuting/everyday travel. There is the purchase price + maintenance + insurance + registration + additional taxes in many states. High gas prices sucks for a lot of people. I don't think it is appropriate to dismiss them as whiners who made poor vehicle purchase decisions. Also, not everyone is driving a new vehicle purchased this year, many people purchased their vehicles when gas prices were lower and it made sense.

People have boats, campers, trailers, large families, etc. Where is the car that tows 9000lbs, carries 7 people + cargo for a vacation, and gets 40 miles/gallon?

Grid problem. It doesn't really matter what is generating the electricity if the geniuses who design/maintain/regulate the grid don't think they ever have to worry about occasional cold weather. If the electrical system was designed rationally from the ground up today there would be a small nuclear facility (or three) in every city/town and would only tap the grid for unforeseen emergencies. No failure could wipe out a whole state or region. Of course that isn't what we have. You take out the grid, you take out enormous regions and leave huge populations without power.

An old guy bureaucrat with dementia who is in far far over his head.

Added to PSTH, JOE, TRRSF, & SHOP

Fractional reserve banking is all about confidence. If you destroy that confidence, you destroy (or at least damage) the system.

I suspect that many look at what is happening in Canada and because they don't like the people it is happening to they say "Good, screw them truckers and those who support them" and they feel comfortable that such things could never happen to them. Most people always think government overreach can't effect them personally... until it does. However I'm sure there are a few people who have been woken up by this to the realization that having at least some of their wealth stored out of the reach of governments couldn't hurt.

Added to JOE, AIV 2024 CALLS, and PSTH (moved most of my remaining cash into PSTH).

It's even more than that though. Don't think of them as "companies" think of them as products or applications. How many products are there in the world? What is the potential number of software applications humanity could create? 10K is a very small number.

Why is that nuts? You can create 10K more cryptocurrencies if you'd like. I'm sure there are millions of them in existence on someones' computers somewhere in the world, but only 10K of them are generally exchangeable. It is early in this technology an ecosystem is emerging and new ideas are being tried. Cryptocurrencies are going to come and go by the 100s of thousands in the next decade or two.

Yes, yes, fo shizzle.

Yes, but it doesn't end in "zzle"

The crypto can be used for illegal purposes thing is a sad attempt to discredit something the powers that be dislike for other reasons. Cars make it easier to get away from bank robberies. <yawn>

Fo shizzle my nizzle https://www.youtube.com/watch?v=PiAvfcfIzac&ab_channel=MarthaStewart