JRM

My mistake, I obviously don't follow Bitcoin price too closely even though I own a tracking position now.

It seems like the Bitcoin bro's are 100x more bullish right now than gold bugs. Gold is hitting new all time highs whereas Bitcoin has not, yet. Probably because gold bugs have years of brain damage and trauma to overcome. Gold miners are still lost in the wilderness.

From a factor standpoint Bitcoin still trades like a high beta tech stock. I think it is still to be determined if it de-couples with gold over time. The interesting sector is the gold miners (and silver miners). Gold is at all time highs, oil is around $80, and the mining stocks are severely depressed. Maybe they finally work this time?

Looks like ~3% in my self-directed account after being down most of the year and watching the MAG7 rip. Most of the return came at the end of year, so hopefully that means I'm set up well for 2024.

bingo. I work with a lot of guys that do this.

This is funny: https://seekingalpha.com/news/3978395-goldman-sachs-mlp-and-energy-renaissance-fund-to-be-liquidated

I posted recently about CORR preferreds.

They were banned from Twitter in 2020 for propagating mis-information; the lab leak theory. Now that has been shown to be the most likely source of the virus. But yes, 90% of the content is bullshit. Like anything, don't dismiss information out of hand because of the source but rather based on its validity.

https://www.wsj.com/articles/crypto-companies-behind-tether-used-falsified-documents-and-shell-companies-to-get-bank-accounts-f798b0a5?mod=Searchresults_pos1&page=1 and here we go... also, Silvergate appears to be in trouble. Hopefully nobody still owns this donut.

Turbine blades, no. Batteries and solar panels, partially but requires energy to recycle and there's waste to dispose of.

On the topic of metals and minerals undersupply; remember that not only are we going to replace existing sources of energy (oil, natural gas, coal) with renewables, but the EXISTING renewables will need to be replaced or upgraded after 25 years approximately. Wind turbines and solar panels installed 20 years ago are nearing end of life. That's not to mention growth in energy requirements in places like India.

we're still so early.

What % of Germany's energy needs in an average winter are met by full storage capacity?

+2.9% very concentrated in energy, minerals, metals, and pipelines

Overbuilding unreliable renewables subsidized by bitcoin mining is not a net positive for the world. Investing in reliable energy sources that support grid stability (VAR and frequency stability), and on-demand availability are what is needed for a reliable grid.

Blockchain is just an append only linked list, but distributed. It's like if one toilet in the world needs to be flushed every other toilet in the world flushes at the same time.

I don't have any special insights on the nuclear fusion technology. The most sober analysis I saw said that the reaction was an energy net negative process even though it was a big technological breakthrough. Even if the technology was ready for prime time, it would be on the order of decades before we see commercial plants online. Most all of the operating nuclear plants in the world right now were 1950's technology, designed in the 1960's, built in the 1970's, and brought online in the late 1970's and early 1980's. I'm not implying that implementing a fusion reactor would necessarily take this long, but its not changing any of the energy trends in the next 10-15 years.

There was a good episode on Tether on the Grant Williams podcast over a year ago. Some people have seen this coming for a long time.

My advice would be to stop listening to people like Elon and talk to more engineers\scientists\physicists. I have no idea what launching a 500 ton reactor vessel into space has to do with reprocessing spent fuel. This discussion is off the rails, so back to the thread...

I'm not trying to be a smart ass here, but the solution has been around for a while. The US just doesn't have the appetite for reprocessing spent fuel. The logic is the same as what shut down Yucca Mountain, even though its flawed logic. The concerns are related to transporting spent fuel assemblies via the highway system, which guess what, isn't much riskier than transporting new fuel assemblies. Too many people just don't know what they're talking about. Other countries already do this. Its a hell of a lot safer than strapping a bunch of fuel assemblies to a rocket and hoping it doesn't explode in our atmosphere. I'm not sure if you're confusing fuel used in submarines, but the spent fuel sitting in spent fuel pools isn't "untouchable" as you describe. A lot of times "spent fuel" is rotated from back into the reactor with new fuel assemblies. Reprocessed fuel can be reused as "new" fuel, which is why spent fuel pools are one of the largest sources of energy in the US behind coal and natural gas. I'm pro nuclear, pro reprocessing, and pro shooting crap into the sun. I'm just saying that's not going to happen any time soon.

lmao, launch nuclear waste into the sun? do you know that one of the largest sources of untapped energy in the US is sitting in spent fuel pools throughout the country? If the US would reprocess spent fuel it would reduce waste and reduce the half life of the remaining waste. Thank President Carter for his concerns.

Came across a funny quote on Twitter, "Crypto is multi-level marketing for people who think they're too smart to be duped by multi-level marketing."

So GBTC is over 40% discount to book, but may have a "significant" amount of tokens on FTX. Maybe the market hasn't caught up on GBTC yet? https://cointelegraph.com/news/grayscale-bitcoin-trust-closes-with-41-premium-lost-amid-ftx-meltdown

who gets wiped out first, Saylor or Tether? I'm rooting for both.

Not sure its a rotation to gold, but gold is up something like $100 in the past week.