Longnose

Literally had this conversation with a friend on Monday. I'm totally split on will we keep rolling or will there be a drop at the halving due to miner sell off. Either way I'm still DCAing

Been looking at CWST a little recently. Strong track record. Has some acquisitions that could unlock the next growth phase.

fine if were gonna hijack the thread into politics at least make it funny

Dont hijack the starship thread. Take politics back to the russia thread.. or elsewhere... This is from the launch 10 months ago when they blew up the first rocket but some of the things they highlight in this blew my mind around the impacts of making these starships feasible and eventually getting them to be reusable. Not an elon fan but i love watching the progress hes making for mankind.

I used to be all this. Now i much more of this. supported by the checklist verifying that the downside is actually pretty limited.

15-20% approx

2) how decentralized are the full nodes in the network out there? - Fully decentralized anyone can run one. 3) who is going to update, maintaining and provide the necessary solutions for bugs, soft forks as this technology progresses through time and scale? - People who believe in the decentralization of money. Hence running a full node in your basement allows you the ability to contribute and validate the blockchain as it scales. Offsetting the comment in argument 1. big centralizing forces cant offset the myriads of little guys running full nodes in their basements. Play with it. Playing with it will develop understanding of it 10X faster than reading about it.

JK, JK, i don't actually wanna be like Singapore. But after visiting there may be some middle ground.

Our last cruise we sat a couple for dinners who are Chronic Cruisers. They said they have several friends who retired and just rent out their houses and live on cruise ships full time (40-50) weeks a year. It actually seemed pretty affordable when i started sketching out the math. The dinner couple we sat with were doing an extended back to back cruise. Prior to the week we cruised they were on the ship. and when we docked at the end of the trip. They stayed on the ship to go another week. If youre into it. Its seems very doable.

Im a crypto fan, but i had to check out from this thread.

Then why aren't we seeing more uber and lyft competitors in the US? I think your oversimplifying it or we would see all the local markets popping up with their own versions of uber. They've been around long enough to see someone infringe on their share. It Uber, Lfyt, or traditional taxi. or i gotta work for 4th option and at that point your just boycotting and being "that guy"

To me it so similar to the Uber Lyft scenario - Lyft hasn't been really able to steal significant share from Uber. Also, I don't know that there is substantial room to undercut them long term. We are seeing it with Uber and Lyft right now where they are now trying to drive more towards profitability instead of just rev/share growth accompanied with a ton of cash burn. I don't think the moat is impenetrable and there is probably room for a tier 2 competitor. But when you are over there GRAB's presence is dominant right now. That it would be hard to overturn that without Grab screwing up their brand image or going bankrupt. Short answer is i don't know. But Gut instinct based on mungers idea of saying if someone gave me the marketcap of GRAB (12B) and said go build a company to compete/overturn GRAB. i think it would be freaking hard and at best you'd create a Lyft that is taking 30% share while grab retains 70% share. Though i could be wrong and often am.

Ive been digging into Grab. Ever since my visit last fall. I've been trying to get more comfortable with GRAB. It felt like its going to be a clear winner with a long runway from an outsider looking in. But need to get more confidence in the financials and politics.

I dont like the revenue declines but like you cited the revenues have been cyclical in the 10 year snapshot. I think we are seeing a post covid pull back. I personally expect them to rebound. This... They receive significant bumps in revenue when they sign new contracts. They had a bunch hit the pipeline near covid. Now we are seeing the draw down as the projects are reaching completion / maturity but this should also add an increase to overall long-term reoccurring revenue with the contracts and systems implemented for the long term. This old VIC write up talks about that. It was also written when the TBTC marketcap was at about what it is today. Casino softwares like TBTC's are very sticky like ERP systems. I believe they have a better offering. But to the above comment about being sticky... Its really hard to pull yourself off a casino software once your established on it. I think TBTC is taking a Signiant share of the new business for new and emerging casinos both in NA and INTL. This business is almost exclusively a word of mouth business built on trust. You don't sign on a new Casino management software without knowing its good and the executives that are making those decisions probably all know who each other and know which softwares are the best. I believe this is the catalyst. When it will happen i dont know... But at some point if they continue to steal share and new casinos continue to choose TBTC instead of the old dinosaur softwares. We will see one of the big guys buy them out. Does that happen this year or in 5 or 10 years I dunno. But, happy to let my position ride and see what happens. Book value per share is currently about $2 a share. So im getting the rest of the business for 1.45 a share? Havent seen history of shareholder abuse. Business reoccurring rev is sticky all they need to do is keep growing. Then hopefully they become an acquisition target. I think the CEO is about 60 and so if he decides to retire without accepting/seeking a buy out of some sort that could be problematic. He's probably the biggest wild card.

I've already built my position. so sure. Ticker is TBTC. Company is essentially Casino Software. Highly regulated industry. There is an old seeking alpha article that gives a pretty good summary of the company. They stole some nice business from their competitors during covid. to me the biggest risk is CEO retiring and not wanting to hustle anymore.