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rkbabang

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Everything posted by rkbabang

  1. Gold has been used as money for millennia despite it's industrial uses, not because of them. Gold has been used as money because it has properties which make it useful as money. It is malleable, easy to divide or combine, portable, transportable, long lasting and indestructible, easily identifiable, hard to counterfeit, easily verifiable, fungible, and somewhat rare (compared to most other things). Had gold had no other uses at all, it would still have been used as money for those reasons. Gold has a use, its use is that it has the properties which make it useful as money. Bitcoin has other uses as well, which aren't currently widely understood (read "Softwar"), but even if it didn't have any non-monetary uses it would still be extremely valuable simply because it has all of the above qualities which make it useful as money and is far better than gold at most of them. This notion that money needs to also be used for something else is just plain wrong. Money needs to be useful as money and that is it. If useful for other things were a requirement aluminum would be far and away better than gold, as would steel or oil.
  2. PoS is a method for the centralization of wealth and keeping the founders/rich elite wealthy. It's a scam which goes like this: The founders premine a bunch of coins for themselves and their associates. PoS makes sure that no one can ever catch up to them and that as a group they can remain in control of that blockchain. PoS blockchains will never be as decentralized or secure as PoW blockchains. And the most secure PoW blockchain will be what humans will use as the baselayer of money.
  3. And human civilization isn't furthered by giving powerful nation-states the ability to print currency to fund wars. Without currency creation out of thin air war would be much harder to fund. Fiat currency is a destructive force for civilization, not a constructive one. In an age of nuclear weapons human civilization can't afford the dangers of fiat currencies.
  4. My question was a serious one. If you look at the S&P500 chart. It hit a top in 2000, then went sideways (up & down) until the bottom in 2009. Then it hit a top in 2022 and has gone basically sideways since. The question really isn't have we hit the top, the question is when will the bottom be before another period of growth, or have we hit the bottom already?
  5. I hold over 30 stocks and in the last 14 days 5 of them have hit 52 week lows and none have hit 52 week highs. When does this discussion move to the "Is the bottom almost here?" thread?
  6. If only we could ban Elizabeth Warren.
  7. The Bear is really good. If they can keep knocking it out of the park for 6-7 seasons then you could be correct. I couldn't get into Yellowstone and Stranger Things is just 80s nostalgia. I loved S1 of Walking Dead, but then got bored with it by the end of season 2 and never watched it again, there is only so many Zombies you can shoot before it gets old. I know some people can't get enough of this stuff, but it gets repetitive to me.
  8. Sopranos and Breaking Bad/Better Call Saul? These two, plus Fargo, are basically the only series I have watched or remember:) My Classics by decade 1950s : I Love Lucy, The Honeymooners 1960s : Green Acres, The Beverly Hillbillies 1970s : All in the Family, The Jeffersons 1980s : Married With Children, Roseanne (80s was not the best decade for TV) 1990s : Seinfeld 2000s : Sopranos, Breaking Bad 2010s : Shameless 2020's : (Nothing yet that I think will be a classic which defined the decade like the above shows).
  9. Sold JXN today for $40.40, bought it about 6 months ago a little over $28 and I received $1.24 in dividends as well. I just set an alert for myself if it goes below $29 again.
  10. I too think Bitcoin is different from all of the others. My thinking is that Bitcoin is money. It is the most secure and decentralized computer network ever created by a long long way, and it isn't even close. It will eventually be the base layer of value for all of humanity. It will be the measure by which anything and everything of value will be compared. I'm not saying that every transaction will be on chain, it won't, but every price will be in Bitcoin (or more likely sats or satashis). When you get paid it will be in sats, when you buy a stock on any market it will be in sats, when you sell something you will price it in sats. I don't necessarily think of other crypto as scams, although many probably are. None of them are or will ever be as secure and decentralized as Bitcoin, which means they are not money, they are something else. They are more like securities in un-regulated start-ups for which you have no good information and are completely trusting the founders. For every outright scam there are probably 50 that are not scams, but will fail. There are also probably some gems hidden in there as investments, but it is difficult to sift through right now. Ethereum for example isn't a scam, it could possibly someday have extremely valuable use-cases (or not). It is certainly interesting from a technical point of view, but it is an entirely different animal from Bitcoin.
  11. True, but how many children did Bush and Obama kill? How many will Israeli bombs kill? I know the western view is that civilized people slaughter children with bombs not with swords, but the two are morally equivalent in my opinion.
  12. New Fidelity report on Bitcoin. Pretty basic bitcoin-maximalist arguments, but since I've basically become a Bitcoin-maximalist myself (even though I still hold a significant amount of other crypto assets) I agree with them. 1012662.3.0 Bitcoin First Revisited_Final.pdf
  13. As far as I can tell this reporter Nicole Zedek is the only source for the 40 babies beheaded claim and there is no photo or video evidence of it. Remember that war time propaganda can get extreme on both sides and isn't always factual.
  14. This definitely isn’t good news for the children working the cobalt mines. But I fear you might be correct, political correctness doesn’t have to make sense, it just needs to be popular. If things needed to make sense the world would have been building out nuclear plants for the last 50 years, electricity would cost a fraction of what most people are paying and no one would ever have heard of the phrase “rolling blackouts”.
  15. I’m on vacation in the Berkshires this week, but I still bought some JOE and OSTK. Also today I saw these and thought I’d pick some up before the next run up.
  16. Exactly. Looking only at the fuel savings at the vehicle use level is a mistake. People think solar panels, windmills, and batteries just appear out of the ether with no environmental impact whatsoever and that they can supply the grid entirely. Neither is even close to the truth. We need a ton of new nuclear plants all over the country and all over the world if we are to have a hope in hell of running all of our transportation on electricity without a worse environmental impact than the status quo. Not to mention heating of homes/buildings and cooking. I really think the aim of the WEF/environmentalist types is to make transportation so expensive that people just move around less over all. Just about every policy they want and every issue they push is to reduce human population and/or make everyone’s lives worse. Everyone will own nothing and like it. All cars will be EVs, but we will suffer from frequent rolling blackouts and still have polluted air.
  17. Thanks for the recommendation. My first handgun was a Glock 26 and I always loved them for their ease of use, simplicity, ease of maintenance and durability. Search for "Glock torture test". There are people who try to kill their Glock pistols and can't get it to not work. Here's one where they freeze it, bury it, run it over, drop it out of a helicopter, and blow it up with explosives.
  18. My grandfather used to stir 2 raw eggs into his beer first thing every morning. He lived until age 89. I like to make egg coffee, but I’m not sure they are raw anymore after being mixed into hot coffee.
  19. Just finished watching a show on HBO's "MAX" called "Gangs Of London". Excellent show, but be warned there is a lot of graphic violence and torture type scenes (more graphic than most cable TV shows). There are 2 seasons and the ending left open the possibility of another season.
  20. None. I've been eating eggs daily for well over a decade, I'm 50 yrs old and my cholesterol is fine. As @Spekulatius said dietary cholesterol isn't associated with excess blood cholesterol. And it is an essential nutrient for brain function. Eggs yokes are so packed with good fats, vitamins, minerals and cholesterols in a nice tidy tiny package, they are a superfood. I like to make scrambled eggs with 3 whole eggs and 1 egg yolk to reduce overdoing the protein. Egg whites are just protein without much nutritional value. The value is in the yolks.
  21. In my house we go through a couple dozen per week, so those 6 dozen wouldn't even last a month! I was going to reply that eggs have a long shelf-life (in the fridge). If you can't eat 6 dozen eggs by the time they expire you are not eating anywhere near enough eggs. I eat about 3-4 eggs per day myself on most days, so 6 dozen would only last me around 18-24 days. That doesn't count my wife and son. We typically go though about 4+ dozen eggs per week in my house. If I saw eggs at $0.99/dozen I'd buy a lot more than 6.
  22. You can’t talk about this topic with just anyone. Cormac McCarthy's Ex-Wife Pulled a Gun Out of Her Vagina During an Argument About Aliens https://www.theatlantic.com/national/archive/2014/01/cormac-mccarthys-ex-wife-pulled-gun-out-her-vagina-while-arguing-about-aliens/356822/
  23. Same. I've had some success with oil companies, but even with oil about half the time I lose my shirt. I haven't tried investing in gold or uranium mining companies yet, and I most likely will not.
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