rkbabang

"Genocide: among other things, the killing of people by a government because of their indelible group membership (race, ethnicity, religion, language). Politicide: the murder of any person or people by a government because of their politics or for political purposes. Mass Murder: the indiscriminate killing of any person or people by a government. Democide: The murder of any person or people by a government, including genocide, politicide, and mass murder." --R.J. Rummel The Democide numbers for the 20th century alone was over 130 million people and that doesn't include war deaths. How many hundreds of millions of innocent men, women, and children have these centibillionaires murdered?

LOL, I can't believe you remember my Ophelia stories it has to be a long time since I posted anything about her. She was a bad chicken, but at least she didn't yell at me! Great video.

Talk about a bad take. People want their governments to buy bitcoin because they know that other governments are going to and they don't want their country left behind. Bitcoin doesn't need your government, your government needs Bitcoin. I'd just assume no governments buy it until its too late. I'd love to see a timeline where some companies and individuals become more rich and powerful than nation states 10-15 years from now.

Where are we on the capital allocators career risk curve?

I do not trust government to do this correctly anymore than I trust them to deliver the mail. Mostly right isn’t going to cut it. If someone gets access to the private keys the stockpile is gone. It will be interesting to see how this is handled. Relevant story: https://unusualwhales.com/news/us-marshals-service-cannot-account-for-billions-of-dollars-worth-of-crypto

We don't rent it anymore. We originally bought it to rent it and it was more profitable than we expected. But after 3 years we decided that we liked it too much to rent it. We had problems with cleaners (doing a poor job, robbing us blind, not showing up, etc...) and some guests disrespecting the property, we couldn't have nice things there. Also we didn't realize how much we would like the place. So we stopped renting, fixed it up in a way we never would have if we were still renting, and now we basically stay there almost all summer, and 2-7 days per month the rest of the year. Things don't always go as originally planned. If I'm going to invest, I'm going to stick with stocks and Bitcoin, real estate investing isn't my thing I guess. I end up not being able to deal with how others treat my property.

I'd say go for it if it is a unique asset and a place you really want to own. Buy it with as little down as possible and pay it off later with your MSTR profits. My home is about 16% of my net worth and my vacation home is about 10%, so a little over 26% in my homes. I own them because they are places I love, not for investment reasons. If this is where you want to live go for it.

I drink coffee everyday and only drink alcohol on occasion - maybe 10-15 times per year. So I hope coffee is better for you.

I don't know why this made me laugh as much as it did. Maybe because I had Frogger for my Atari 2600 when I was a kid in the early 80s. This guy's playing frogger with real cars.

@rkbabang Just wanted to say thanks for this recommendation. No press for it in the UK. Completely crazy! Reminded me a little of a smaller scale Tiger King, in that you keep saying, 'WTF?'. You're welcome. It hasn't gotten much attention here in the states either, but it is really is entertaining. It starts off a little crazy and just gets crazier and crazier all the way through. It has everything from feuding Elvis Impersonators to a presidential assassination attempt (I even vaguely remember hearing about that at the time, but didn't know the crazy story behind it). Like you said, it just makes you say "WTF?" over and over again.

To sum it up, ETH started out bad, got worse, then got even worse, then worse still, then far worse.

Yes, and then it became proof of stake making it even worse.

1. It had a pre-mine making it decentralized from the start, then it became proof of stake which will guarantee that it will be increasingly centralized and controlled by the largest holders. No non-proof-of-work coin will ever be decentralized. It is just fiat on the internet. 2. I think it is currently the most secure network man-kind has ever built and long term the security will increase to the point that no nation-state or groups of nation-states, nor all the nation-states on earth working together could ever hope to break it.

Sometime around 2002 or 2003. I've never not been a shareholder since then, but I haven't always had a large position. It is where I have parked cash that I have no other ideas for.

You have had to be that guy to own Bitcoin and not everyone has the stomach or the confidence for that. I’ve been a libertarian/anarchist my entire adult life so being that guy is just how I’ve gone through life. And I’m a tech guy not a finance guy by profession so Bitcoin interested me from a technical, political, and financial point of view all at the same time.

I don't know, is the honest answer. I'd feel better if the mining community didn't let this happen. It sounds like some people are raising the alarms now and maybe this will be avoided.

I think that is how miners are justifying it to themselves. And even if they are correct in that no one would ever abuse that power, what they are missing is that the fact that some entity has the power to kill the use case for BTC, whether or not they ever use it, would kill the trust in BTC.

Basically because of regulations and KYC miners are starting to care more about compliance than profits and it has the potential to concentrate mining power in one mining pool (Foundry). When any miner or pool of miners has more than 50% hashrate they can do bad things (like double spend coins, or censor addresses from using Bitcoin, etc)

When looking at anything in this world. Whether it is in business, with people, investing or anything else (including crypto), it is always good to remember that no matter what it is you are looking at Sturgeon's Law applies. And I'd recommend considering the very real possibility that Sturgeon was far too optimistic.

He should sell his $TRUMP now while he can.

Is it me or are there only 11 eggs in that carton? They keep the price low and sell 11-egg dozens? I know, JK, 5+% of the eggs cartons in a store have broken eggs in them. That one is probably just completely crushed. BTW if they have "Trader Joe's Heirloom Blue and Brown Eggs" where you are they are amazing for not much more.

Agreed. There was a study I read that there is an inverse relationship between how much couples spend on their wedding and how long they stay married. My wife and I rented an Elks hall for $100 for our reception, had a friend's band play, found a cheap caterer who did a chicken dish for $8/plate. The hall provided a bar tender and it was a cash bar, so guests paid for their drinks. My wife did all the flowers herself, her bouquet, all the table arrangements, etc. She bought a discontinued wedding dress off a display they were getting rid of at a fraction of it's full cost and had her mothers friend alter it. Then their was a limo rental and a tux rental. We had my wife's sister in-law take pictures of the ceremony because she had a nice camera (this is film camera days), we also left a single-use disposable camera on every table and told guests to take pictures during the reception and leave the camera on the table for us at the end of the night, so we could develop all the film. You can get married on the cheap and still have a great time, but most people in the US want to impress their guests like they're some kind of royalty even if they have to go into debt to do it. We bought our first house 2 months after our wedding because we didn't go into debt to get married. EDIT: This could be the study I remember: Want a happy marriage? Have a big, cheap wedding https://www.cnn.com/2014/10/13/living/wedding-expenses-study/index.html

My god, I'm glad I'm old. No more friends getting married. My wife and I didn't spend $15K on our wedding (not even adjusted for inflation) we spent $6K in 1996 ($12K inflation adjusted) and we had >200 people attending. I've never spent more than $100-$200 on someone else's wedding. (My kids aren't married yet).

That has been my experience as well. I've know quite a few people who have done both to excess. The alcoholics had much worse outcomes, to say the least. And it's not even close.