Investmentacct

Precursor nod prior to Oracle of Omaha may change stance on topic of $BTC https://markets.businessinsider.com/amp/news/investor-howard-marks-more-positive-bitcoin-emerging-market-currency-2021-3-1030213955

Maybe you should ask yourself what it is that Square, Visa, PayPal, and other payment processors who are expanding the use of digital currencies must see since they're the experts. It's not just a couple of guys on a forum telling you this stuff. The industry is rapidly moving that direction. We can talk til we're blue in the face to get you to understand what it is and that it has value - or you can just look what the experts are doing. Acquiring crypto and developing crypto solutions... The reason the transactions aren’t instant is because of regulation. The government is trying to prevent criminal activity. That alone should sound serious alarm bells. They must have skipped the criminal activity part https://perspectives.dtcc.com/articles/leading-the-industry-to-accelerated-settlement Q: Why stop at T+1 or T+½? Why not go to real-time settlement? A: Real-time settlement is a simple technical solution but a very complicated market structure change. While the industry should continue to aspire to real-time, it is more pragmatic to reduce the settlement cycle in stages to capture the benefits faster. With real-time settlement in today’s market structure, the entire industry – clients, brokers, investors – loses the liquidity and risk-mitigating benefit of netting, and that is particularly critical during times of heightened volatility and volume. For example, on a typical trading day, NSCC processes an average of about $1.7 trillion in equities transactions. The multilateral netting process reduces that number by about 98%, and the total value settled is around $38 billion. Netting allows brokerages to transfer that $38 billion between parties only once at the end of the day. In a real-time settlement scenario, netting is not possible and trillions of dollars in cash and securities must move through the financial system on a continual basis throughout the trading day. This creates massive market and capital inefficiencies, increases credit and operational risks, and increases costs between trading parties, possibly undermining the stability of the markets. Accelerating settlement requires careful consideration, industry coordination, and a balanced approach so settlement can be achieved as close to the trade as possible (for example, T+1 or T+½), without creating capital inefficiencies and introducing new, unintended market risks, such as eliminating the enormous benefits and cost savings of multilateral netting. I'm very confused. Why are you guys referencing settlement times for equity securities? I can quite easily transfer small dollar amounts of my money to another individual today, instantly. Anything large has limitations and takes more time, due to regulations. What am I missing? You're missing that no settlement happens INSTANTLY in today's financial system. Not for securities. Not for cash. ACH takes 3-5 business days. Stocks take 2 business days to settle. Wires can still take a few hours and cost $. Even solutions like Venmo that seem instantaneous take a few days for cash to reach your account. The only solutions where cash moves "instantly" are solutions where a liquidity provider is giving you their cash while they wait for the cash you transferred to arrive (like trading Schwab allowing me to trade my cash deposit immediately or paying a fee to use an ATM). Cash does NOT move instantly in today's system - this is a result of the plumbing and structure and not of government regulation. Also, securities will exist as tokens and be traded on a blockchain in the future as well. Maybe on a chain such as Ethereum. Companies will issue shares directly to the blockchain and be able to buy-back and remove them. You will be able to see in real time how many shares exist. You will also be able to trade them almost instantly without 3rd party involvement. This I can understand, and I see the value. Why does this mean Bitcoin is worth $50,000 though? Even if real-time settlements don’t happen, it sure seems like they do to me as the consumer. Why does better plumbing, that I don’t even see, make Bitcoin worth $50,000? That was just an aside. But you won't be buying 25 shares of Amazon with $USD, value will be stored in BTC not cash. I don't see that happening unless the world loses faith in the U.S. economy. I just see USD being executed electronically though blockchain technology, so that you have secure, instant transactions. BTC will go the way of trading stamps. Cheers! When the world is in turmoil; it goes through invention. Necessity is mother of invention. Different characteristic for Internet is its focus on the world versus prior US centric world. BTC is "Internet of Money"; so It may follow Internet characteristics on which it is based on.

I have some questions for anyone with any insight into how public companies securely hold Bitcoin on their balances sheet. 1) How do they secure the BTC from theft, both internal and external, and what tools to they have to detect attempts? > Custodial Multi-Sig solutions 2) How is BTC handled in an audit? How do auditors confirm the claimed amount is securely held, and not stolen or fraudulent? Custody accounts list BTC holded through applicable wallets.

What gives Chamath voice about equality; is his BTC holdings purchased in 2013 (cost basis 80$). # of BTC holds could be in top 5 on individual basis. Where BTC ends up going in abundant money world; further sets his course for SPACS.

BTC quite possible. As 6 hour download of a BTC node replaces each banking function through out world. It may not be longer before Oracle of Omaha and venerated Charlie Munger change their mind on it. PS: Interesting one from today is BNY Mellon news. All old players on street joins; ultimately Oracle joins. This may be only start up investment where general public had open market ledger and cap table (fully visible) access for 12 years or so before Traditional finance make their mind about it. As WEB says: "If history is guide to riches ; librarians would be richest in the world." Digital Scarcity is the trail on which World embarks. World abundant with Central bank currencies; a new trail leading to Digital Scarcity has begun. Every banking function? How does BTC assess credit risk, market risk, IRR, etc? How does BTC perform collections and fraud functions? How does BTC perform hedging? Risk appetite assessments? I am not well versed in Bitcoin or block chains but I have not seen anything related to these functions discussed in conjunction with Bitcoin. Apologize for premature all banking functions comment; and pardon for my ignorance in world full of experts. Bitcoin is zero trust (full verification every 10 minutes) - closed system designed for specific functions. https://bitcoin.org/bitcoin.pdf assess credit risk, market risk, IRR, etc? --> Traditional Banks may need to evolve to verify and transact BTC public ledger(Currently Fintechs(Square,PayPal) have started to transact in past couple of years) . Putting BTC on collateral function; will able to assess the credit risk. BTC is zero trust system. How does BTC perform collections and fraud functions? --> It is zero trust system. What it entails is every transaction is verified for its entirety and keeps the records. In traditional banking functions; We send EDI files for data exchange between related parties. Distributed nodes keeps the full ledger available all time for anyone's who is user of system. How does BTC perform hedging? Risk appetite assessments? --> Hedging function can not be replaced by BTC; but having BTC in your portfolio may hedge modern finance fallacies. Risk Appetite assessment. ( BTC is 365/24/7 system can be transacted all time with) so some of the Risk assessment relates to "information synchronicity"; BTC will make immaterial Key difference is because of Bitcoin's digital scarcity "TIME" becomes material of IRR and any finance function (in -ve interest world; TIME doesn't carry any value and seem to make less of difference). "Time is Money" . "Do you love life? Then do not squander time; For that's the stuff life is made of." -- Benjamin Franklin More experts in these area of Banking can chime in.

BTC quite possible. As 6 hour download of a BTC node replaces each banking function through out world. It may not be longer before Oracle of Omaha and venerated Charlie Munger change their mind on it. PS: Interesting one from today is BNY Mellon news. All old players on street joins; ultimately Oracle joins. This may be only start up investment where general public had open market ledger and cap table (fully visible) access for 12 years or so before Traditional finance make their mind about it. As WEB says: "If history is guide to riches ; librarians would be richest in the world." Digital Scarcity is the trail on which World embarks. World abundant with Central bank currencies; a new trail leading to Digital Scarcity has begun.

Part of an earlier late last year trend; just got amplified as $TSLA joins the list.

Possibly illegally. And possibly gonna lose your money after execution. ;D Good to look up on something disagrees with what we have seen. Your possibilities can not be ruled out. Pointer could be game theory involving multiple players.

Current times ($GME saga) show value of #Antifragile systems. Try blocking $BTC trade. Exchange in some part of the world will support execution.

https://www.sec.gov/Archives/edgar/data/1050446/000119312520315971/d225117dex991.htm Says to be “private offering”. Please check thanks.

https://millervalue.com/4q20-income-strategy-letter/

. More can be learned about bitcoin by ordering 100$ hardware wallet and learning basic functionality of paradigm (bank accounts/movement of money) Similarly, rather than arguing about Tesla Bubble few years back, doing research on what product can be useful for and offers created more value. Traditional auto still working through their way out of maze. Bitcoin created situation, from which traditional finance will take some time to figure maze.

This may be true, but I'm not a young person (most on this board aren't). I already know how to code. This advice can be given to someone thinking of investing in anything. If you are a young person, invest in acquiring skills first and foremost, but this is an investment board not a career advice board for young people. Yup that was an empty statement. A young person would be far better off using the USD 15,400 to learn coding instead of <b>buying anything else</b>. If same young person would able to learn to code from YouTube/Twitter/Coursera universities and get a working job , still would able to save USD 15,400 and putting money in BTC would secure future as BTC’s (287Bln) asymmetric payoffs continue for sometime to match market caps of other asset types.

Trending: https://www.marketwatch.com/story/square-stock-gains-after-company-purchases-50-million-in-bitcoin-11602164665 https://www.forbes.com/sites/christopherbrookins/2020/08/14/microstrategy-just-sent-green-light-to-corporate-america-on-bitcoin/#3389841b6bc4 https://bitcointreasuries.org/

Nassim Nicholas Taleb attributes this to Lindy Effect of Bitcoin. New coins/models will need to go through similar time, sovereignty, anti-fragility tests.

No idea what you are talking about here. If you have invested in $25 into bitcoin in May 2010, It would have been worth $40 million dollars today. That is a simple fact. Verify this yourself. https://qz.com/1285209/bitcoin-pizza-day-2018-eight-years-ago-someone-bought-two-pizzas-with-bitcoins-now-worth-82-million/ At the time when this article is written it was worth 82 million. Today, the same 10,000 bitcoins are worth, $40 Million dollars. It is quite obvious that Crypto Assets are the best performing asset on a 10-year basis with a huge margin. You are correct . Point of comparison comes in to play. However, what point bitcoiners are making is this: 1973 $1 USD buys 3 slice of pizza (30 cents each). Today's same 1$ buys us 1/4 or 1/5th of a slice ; pegging one slice at 4 USD. So, store of value of dollar we have would have debated in long time; but would starve if storing value in dollars when buying pizza. Value transferring mechanisms (equity, real estate, bonds) etc in dollars still able to purchase same or more pizza with no value lost. You have hit nail on 21 million BTC Max allowed on algorithm or protocol level . Asking question, who can change Max limit on Bitcoin (algorithm). Or why there are 100 million Satoshis for 1 Bitcoin. There are 21 million millionaires in whole world. So, buying one Bitcoin get currently some pricey/cheap real estate option which has limited quantity set and set to never create additional. Currently there are 17 million so called mined available BTC exist. Beauty of system lies in , it solves byzantine general's old computer science problem . which restricts participants to bluff and creates zero trust system by making costly to bluff. There are more questions than answers, since it's a standard / protocol system. Protocols changes are not permitted by the players who have adopt them for longer run. This is similar to internet in how TCPIP remains Central to communication. Some questions could be: what potentially breaks Bitcoin standard. Participants withdrawal from the game (HODLers becoming non-hodlers). System crossed 10 year recently and presented good use cases for hyperinflationary places (Venezuela, Argentina) etc.

Observation: Tesla cars save 2000-3000$ per year( charged with free public solar option) net saving against FCAU cars; not sure how it will be factored eventually in the valuation. From , pure business money stand point FCAU long investment may handily beat TSLA.

You are correct. Once we start seeing this thing from Systems/Engineering standpoint, immediately start recognizing potential of things as everything in the car is data driven as in most of the successful IOT platforms. Amount of the data and number of fields captured for stats to mine it and provided back to servers, it's pretty amazing. Posted below few weeks back on TSLA (Investment Ideas) some thoughts on using these cars (X and 3) for past year and comparing against what's available in market. "If seeing Tesla from System standpoint below points can be cross compared with other EV solutions: Superchargers solutions and network availability and fastest chargers on market Complete IOT car platform with OTA Full remote climate control Car tracking solution with UBER level of accuracy Most advanced and longest range battery solutions Semi autonomous system with no-lag human/system control exchange List can go on and on and there are OTAs which make things better on regular updates. not counting 0-60s other nuances."

. Sure and you wonder this change would be coming out other than California. Sure. New world moves forward. Old world worries about oil prices. It's choices we make create the future, business and money. You can debate day in day night. EV / Solar theme is real. Drive in few California cities, or spend few weeks to realize.

Haven’t seen better treatise on this topic than Buffett’s 1977 article. Regards. http://fortune.com/2011/06/12/buffett-how-inflation-swindles-the-equity-investor-fortune-classics-1977/

BB

For me to keep sanity and go all-in as it dipped; this great board what Sanjeev has built was of big help during 08-09. Also, keeping handy this article was helpful. http://www.nytimes.com/2008/10/17/opinion/17buffett.html Time WEB wrote this article in Ny times, S&P was at 880 in October 2008 , still went further down to 640 in March 9,2009. Buffett and munger made enough buy calls all along until 2011 for maket and housing.

We can learn one thing from Trump on what not to do. Let's make sure we don't bring out trump in ourselves while discussing about Trump.

Unless they disagree with your preconceived notions!!! Exactly. I find it hard to believe that the few facts brought to light by Mr. Oliver are somehow the whole truth(just watched that episode). He would have you to believe that all Trump achieved in his life were a bunch of lawsuits and failed business ventures. Hence I'm asking for a more detailed account of Mr. Trump's exploits - oh wait, he did file a bunch of info just a few months ago. Let's see now... he reported receiving 213M$ from the Apprentice, and he is worth 4.1B$ according to Forbes. His father only died in 1999, so he didn't inherit anything until that time. Got a nice head start in life though, that much is true. So he probably did something right businesswise. http://www.businessinsider.com/donald-trump-nbc-apprentice-payment-disclosure-2015-7 The Wikipedia article is much more enlightening. Everything about Trump's alleged net worth is based on what Trump says. That is the problem. The wiki article details his various business forays and multiple bankruptcies and lawsuits. He has even filed lawsuits against people publishing that his networth was low compared to his claims, lost them, and appealed, and lost again. One thing for sure Edward, is that he is a tireless self promoter, and a pathological liar, and he has you fleeced. I am going to invert this for you: Would you invest in a business venture with him? We have already surpassed Godwin's law on this thread, so it cant degenerate much more. I am going to invert this for you: Would you invest in a business venture with him? It reminds of WEB's quote: You should invest in a business that even a fool can run, because someday a fool will.

I'm 110% invested and I'm a person who doesn't like leverage. I can't really buy more. Makes no sense to me, either. I have been greater than 100% invested continuously since 1997, including going into fall 2008. I just took advantage of the extreme low prices at the time to move up the quality curve. I have been doing the same in our bear market here in Canada. Moving into stocks that have increased their dividends year after year. Markets aren't displaced enough to be trying for home runs. AL, when you said trying to move up quality curve. I remember you were exchanging sbux and other quality in 2008 when things were going down. Do you see in terms of overall portfolio earning power and with every move you try to increase it over time?