Castanza

NTDOY, C, TSN, OXY

Ha probably right! KISS method

Exactly, I'm not saying to not prepare for anything....but you can go way overboard. There were people in Florida who had entire food and water stashes destroyed by this past hurricane. So imo preparing for the absolute worst case scenario is both a waste of time and resources and also not feasible because there are way too many variables to think of. It's best to do exactly as you said. Have a few weeks of food, some cash, water filter or tabs if you want to go that far or live in an arid environment and a firearm (aka the Golden Key) IF you are comfortable and competent with it. Staying in shape having solid friendships and knowledge and knowing how to apply it is probably the best preparation anyone can have. In an apocalypse a basement full of Tobacco, Weed, Whiskey, and Ammo would probably bring you more bartering value

If the world goes to Hell and USD is no longer valuable, I'd say it's safe to assume your farm-land is also no longer yours since property rights only exist as long as they are enforced by your residing government. The land will belong to whoever takes it and defends it. Currency isn't going to make a lick of difference if that's a reality. Prepping is silly

Thanks for the links, will have to give them a listen. @Spekulatius Oh for sure, I don't see any reason to be overhyped about the results. But it is a hurdle that was crossed and if you're looking at a 50 year investment horizon like myself I think it's worth looking into angles which could benefit from that. Currently though I'm not aware of any great options out there. Seems like most of the interesting things are still private sector. I think nuclear energy being used as base load is inevitable. The fear is mostly overblown and being carried over from the past imo.

Assuming most of you saw the breakthrough in Nuclear Fusion. I'm assuming this is a relative big deal in the long run but also not very actionable in the near term. Easy headline to print for news organizations. Could draw some attention from more serious funding sources moving forward. Anyone on here invest in the nuclear space or have any insights to share?

ALCO

lmao well the need is still there, but some may choose not to partake.

In my opinion the further out you look the more boring you need to get. I don't look out 50 years with any type of confidence when it comes to my tech investments. But when I look at PG, JNJ it's easy to see humans still needing toothpaste and deodorant. I look at my GOOGL position and think I have no clue what tech will be like in 50 years let alone 20 years. We truly are in the first inning of technological advancement. For all we know, some kid in 1st grade right now will be the one who solves P vs NP 20 years from now and essentially render all modern encryption useless. That would radically change technology. But guess what? People will still need toothpaste and a place to live.

Happy Thanksgiving

There is no reasonably informed individual who thinks crypto or blockchain won't be a part of the future. That's a completely different topic then "but the BTC dip". There is no way to determine any margin of safety with crypto. There is very little oversight and regulation meaning the chance of losing everything in a scam is well above non-zero. It's a trading vehicle currently and nothing more.

Smidge of OXY

Does SEC regulated mean anything these days?

What exchange are you using from here on out?

What are your thoughts on exchanges moving forward? It seems without oversight the centralized ones are a no go. Will people deal with the decentralized exchanges? They are more involved to use and I see that as a barrier to TAM in terms of adopters. Also could pose liquidity problems. Lastly I wonder how the price of BTC would look if we were able to walk back what these exchanges were doing. It's definitely possible they were manipulating the price heavily no?

I think this is going to take some time to shake out. Look at the proof of reserve shenanigans going on with some of these other exchanges. CEO of Binance "If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away." This planed FUD against his competitors and especially crypto.com" 11/16/2022 Same CEO does exactly that ^

Lmfao There is probably some kid out there running a lemonade stand that has more corporate governance than this 30B monstrosity.

+1 Tikr

"FTX Employees submitted payment requests through a chat platform, which were approved with personalized emojis." There is no official employee roster so Ray cannot find who actually worked for the company. There is also no records of major business decisions as SBA used auto deleting messages.

I can see that argument as well but that will take more willingness from the regulating bodies to thresh out. I can see them being lazy and in turn stifling the industry. At least from the “investment” / speculation side which is what 90% of retailers care about currently.

Well they definitely have the attention of regulators now. The fact is this is a major headwind moving forward for crypto in general. Why? Because what politician is going to be comfortable with these exchanges moving forward? I don’t think it’s out of the realm of possibility they all get shut down. Crypto bulls might say, well what about the REAL decentralized exchanges. Does it matter? You have to explain that to a body of curmudgeons in the government who are now more apprehensive than ever. That’s going to dry up liquidity and accessibility to the average person. The technology is irrelevant at this point imo. There are billions gone into thin air. Crypto is at odds with the greater direction of society. It embodies personal responsibility and accountability while governments around the world move towards more control and more safety nets for their citizens. People vote for more safety nets (many of the same people speculating with crypto) which is even more ironic. If politicians ever needed a good excuse to put an end to the crypto era on the securities/investment aspect….we’ll….this is it. A whole host of new questions are now being asked. Open Source is being questioned at its core, because at the end of the day, something that is open source can still be mismanaged, misused, miscalculated, or bugged. It can still cost people equity in some form. The crypto space has basically been using that to remove culpability from these “projects”. Someone or some institution is going to demand responsibility and accountability. @Blugolds11 My wife has a colleague who’s husband was putting damn near 50% of their income in NFTs. The husband liquidated the wife’s 401k and started an LLC making NFTs. They’re in their late 30’s have two kids and still have student debt. She’s a nurse and he has a lawncare business.

I was listening to a few podcasts today while traveling for work. Idk if it’s just me but my God the whole system seems likes it’s bubble gum and shoe strings. Even the journalists covering this stuff sound like complete shills. The big names all have nicknames and are viewed as Gods. The terminology surrounding the industry, insider “beef” between different founders. It’s insane. The complete lack of due diligence by anyone is astounding. It’s bizarro world. Memes meet finance.

For those who follow the crypto markets what’s the thoughts on how far this spreads? How many other exchanges will collapse? What happens to liquidity if Genesis goes under?

hmm Also Hmmm