Xaston
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Posts posted by Xaston
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On 8/7/2021 at 2:31 PM, Xaston said:
The answer was not very long, and it's worth WAY more now. Punk floor is about 144k right now.
Visa bought a punk this morning. Floor now ~224k.
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On 3/2/2021 at 7:31 PM, Xaston said:
How long before a floor punk is worth more than a Bitcoin?
World's best NBA bettor just bid 2.1 million for an alien punk and the bid was not accepted.
The answer was not very long, and it's worth WAY more now. Punk floor is about 144k right now.
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Nftfi is so cool.
Basically a smart contract that sits between both sides of a market:
1) Holders of premium NFTs who want access to capital.
2) Holders of capital who want to loan their capital, with an asset backing the loan.
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1 minute ago, JRM said:
According to Morningstar (may not be accurate), the price of GBTC is ~32 and the NAV is ~41, so ~78 cents on the dollar?
I would call that a 22% discount to NAV, not a 78% discount to NAV, like you said in the other post. I do also think that number isn't accurate. I follow @grayscaletrust on twitter for my up to date grayscale discount/premium numbers.
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This thread has too much discussion about bitcoin and not enough about ether. Bitcoin is an amazing invention (I have owned since 2016 and spent a long time thinking about and discussing it before finally buying) and has permanent OG status but you can do so much more interesting shit on the ethereum network than you can on bitcoin. That gap is only going to go up.
How many of the people in this thread who are completely dismissive of crypto have ever even used metamask? A revolution is unquestionably happening. The amount of disintermediation and automation that crypto allows is immense, and that will have huge negative ramifications for lots of non-crypto-native companies and industries. You genuinely don't have to learn about it and profit from it if you don't want to, but it is not going away and it is only going to do more things and gain more adoption.
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6 minutes ago, JRM said:
Is there a reason GBTC is trading at a ~78% discount to NAV? It has high expenses, but why the steep discount? Didn't this previously trade at a premium to NAV?
I think its trading at like an 7-8% discount right now not 78%.
You should look at what their litecoin trust trades at if you wanna ponder about why one of these things is priced wrong. I think its like a 1600% premium
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The other point that I think is relevant here is obesity.
The article below indicates that the risk of death from Covid-19 is about 10 times higher in countries where most of the population is overweight. While I am admittedly one of the dumbest people on this forum the numbers seem to indicate that if you are younger than 40/50 and not overweight you are most likely not going to die from covid. Again, Covid sucks and I hope everyone stays safe. It just isn't sound logic to infer that people should get a vaccine if it doesn't benefit them. I think there's a cohort of folks here who seem to think everyone should be vaccinated and I don't understand the reasoning.
https://www.cnn.com/2021/03/04/health/obesity-covid-death-rate-intl/index.html
Chances of death are very low but you can still get very sick and incur permanent damage to your lungs or organs. Even if you are healthy. Not just theoretical, I know someone 40ish and healthy and fit that had this happen. They have lung damage, it's permanent. They also went through complete hell for 2 weeks.
Israel has vaccinated over half their population and haven't reported any issues. The pharma companies aren't based there so they have no reason to lie about the effectiveness. I feel at this point it's quite a remote chance the vaccine is more dangerous than covid.
The exact same thing is true for the flu. Do you think everyone should get innocolated (yearly flu shot)?
The IFR for covid-19 is about 2.5x that of the flu. The r0 of Covid-19 is about 66% higher than the r0 of the seasonal flu.
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Why is never not an option here?
Because only sith deal in absolutes
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Sold out of my CURLF yesterday
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Probably not what you want to hear, but you might want to go entirely 'modern' ...
Put the investment into a Crypto Exchange Traded Fund, have the kids learn about crypto through the various videos that are freely available; and let them practice on any of the many de-fi sites. Modern kids, learning the modern way.
Crypto/blockchain will probably be THE major technology and investment of his/her generation. Kids need to become as comfortable with it as breathing - and the 'old folks' need to get out of their way! Let little Johnny/Suzie take a few knocks along the way, and get right back in there - giving as well as they get.
Different approach.
SD
Don't know about OP, but this could potentially be a good idea so OP also learns from the process
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Selling half my GIII I bought last March
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How long before a floor punk is worth more than a Bitcoin?
World's best NBA bettor just bid 2.1 million for an alien punk and the bid was not accepted.
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I don't think any of the stocks I own are gonna outperform CryptoPunks over the next decade
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Just finished this as my first book of 2021 and I very much enjoyed it.
It had the type of thesis statement that I was worried I'd read the introduction and feel like "I get it," and then after that find the entire thing repetitive, but it kept the examples and angles fresh.
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54.3% which is definitely my best year of results. 2008 was my first year in the market.
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Was going to suggest ITIC since they'd done multiple over the time I've owned them and I googled em to see when they did as reference point and I see they've already announced one for Dec 15th for shareholders of record on Dec 1st.
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Pretty silly for people to say there's no upside.
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I'm still trying to figure out why fans rushing the field sets them aghast, but protesting in the streets is ok. How fans in the stadium is a no-no, but we can use the arenas for voting stations. How a campaign rally is a super spreader event, but in NY/Philly/DC, etc congregating and holding dance parties to celebrate their candidate winning the election is celebrated by the media.....There was also Justin Turner....the "covid stricken player" who celebrated with his team. "covid stricken" of course used to describe "absolutely symptom free, I feel great"....Strange times we live in.
Do you know why killing someone who is attacking you is more justified than killing an innocent person? Do you know why its more dangerous to drive over the speed limit without wearing a seatbelt than with one?
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The CDC says stay 6 ft away and everyone just follows, except the virus doesn't always bring along it tape measure. (6 ft is better than 2 feet but I
think 15 feet outside is safer.)
Obviously 15 is safer but its not like as a guideline the CDC can teach people about probability distributions/geometry/fluid dynamics/viral loads so you just pick a number that's pretty safe but still allows society to function and hope for the best.
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I think it is really pathetic that we are all so reliant on the government for so many things
Politicians want to get elected, and the message that we as the government will help you is a much easier message to sell to voters than the message that we as the government will not help you.
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I also want to point out the difference between getting the data from a Netflix user, and trying to figure out what movie or shows to recommend, compared to getting the data from a Tiktok user, and trying to figure out what clip to recommend.
If I watch a 15 second video of a cute animal; you can pretty confidently extrapolate that if you put other videos of cute animals in front of me, I'll like them. And it took you 15 seconds of data collection to figure that out. And when you guess wrong, you're costing me very little time, making me feel less critical of your prediction algorithm.
If I watch (and thumbs up) Gilmore Girls on Netflix, what does it recommend next? The amount of possible reasons that a sprawling piece of art like a show or movie resonate with a viewer are necessarily much more numerous, complex, and unpredictable, than that of 15 second videos. And it took Netflix 110 hours to collect that data. Then if you want to really actually try to solve the problem, probably the best thing to recommend to someone who the only datapoint you have on them is that they like Gilmore Girls, is to say watch Bunheads or The Marvelous Mrs. Maisel, the other two shows created by the same creator; a problem here is that neither one is available in Netflix's library.
And when you guess wrong with a TV show or movie, you're costing me a lot of time, making me feel much more critical of your prediction algorithm.
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It would still be valuable, but A LOT less. A LOT.
TikTok basically is its algo. It's not based nearly as much on a social graph or an interest graph as other social media companies. The algo does all the heavy lifting.
I feel like its also the way its packaged (e.g. very short videos, plus some other stuff).
Making algorithms that figure out what content you will like based on what other content you have liked, and what other users like you have liked, is very doable by companies not named ByteDance.
I guess you could argue it's just that much better than the algorithms determining what to put in front of people on YouTube, Netflix, Spotify, Facebook, etc, but I really don't think that is the case.
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Sounds pretty sane to me
Source: I have done a fairly significant amount of supervised machine learning myself
Cryptocurrencies
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Does anyone have access to this report? I would love to read the whole thing.