Calling renting an inevitable was of money is quite a narrow view of reality I think. I mean what would the world be without the option to rent places? I am not only looking at it from the perspective of going on vacation, but being able to rent a place significantly increases global workforce mobility for instance. If you get to work in a dream job but you are only willing to do it for say 3 to 5 years in a place in a foreign country, buying a house there might not be possible nor feasible financially. Being able to rent a place is the perfect solution. Think about all those shared places as well and how students organize themselves these days in order to reduce individual cost. All of those advantages come with renting. While you do incur a certain kind of opportunity cost due to renting, you open up a different range of options for you at the same time. You can quickly switch places, you can increase your personal lifestyle if that is of more importance to you than owning property at a certain point of your life. The generalization of it being a waste of money goes too far I believe. I know what you are trying to say but there is a reason why option carry true financial value and renting gives you options, hence is not only a cost factor.

This game might be more important for all the Liverpool fans that they think right now. I just noticed that if Liverpool doesn't win this game, it is five consecutive games without a win and they already lost three out of the last four Premier League games. Now if had to make an educated guess, depending on how bad this game against Everton might perhaps go for Liverpool, if this game ends in a disaster I think we might have seen Klopp being the manager for Liverpool for the last time.

Do you guys agree or do you think that he is still untouchable? I just don't think that is the case anymore. They have some deeper problems right now and this is not just being unlucky for a couple of weeks. The one good aspect for Klopp is that they are a few games behind most teams, but still that doesn't make up for the poor performance so far because who knows if they are going to win any of those games anyway.

I thought that Juventus might fall into a very deep hole after they found themselves to get deducted 15 points from their current standings. Now maybe it was still not the final punch against them because they knew that winning Serie A this season would have been difficult either way as Napoli is just out of this world in the Serie A so far.

Now I think that Juventus still has a slight chance to make it to the top 4. There are still a couple of games against their direct competitors for those upper ranks and it wouldn't be the first time that Juventus climbs up the ladder slowly but surely with a lot of effort and some stable defensive games. Taking their games home with just 1-0 is what they are also known for. I guess in about six weeks we will have an answer whether or not Juventus can make a little miracle happen. They do have players of enough quality to do so and it is surprising that they haven't been performing more stable throughout the season anyway.

Whatever, now I think qualifying for an international tournament is all what counts for them or otherwise they might also have trouble to keep their squad together for next season.

On the one hand it is great to have some good games in the Europa League so early on during the final stages as that makes it more exciting to watch those games as well, but on the other hand it's sad as one of the big favorites gets kicked out already. Just looking at the tables in national competitions one would think that Barcelona is likely going to make it here, but I think this is an even game.

Both have their strengths and both are more or less on fire. In the beginning when they failed to qualify for the Champions League final round I thought they might not be motivated enough to give their very best in the Europa League, but I think at this stage of the season they are beyond it and will try to take it home. That could be a first nice little festival we are looking forward to here.

No doubt that Lewandowski is in great shape and Manchester also has its qualities offensively. I think it is going to be a close fight in the end. Barcelona's defense is incredible of course and that might be the key to the next round for them.

Tottenham is in better shape right now, but I am not sure whether they are so dominant as the odds say they are. Beating AC Milan in an away game isn't easy either. Milan's performance is a bit deceptive now because they had a long streak of weakness now, but they've been consistently strong all the time. Now this is a different competition and I think the first leg is a 50:50 situation pretty much with maybe Tottenham having a sight edge over Milan.

Even more interesting is now the situation for PSG. Nobody knows whether Mbappe and Messi will play. That would be rough for them, but so far I think this is more about acting and drama. I just can't imagine that PSG really shows up without those two superstars. They will at least be sitting on the bench, that would be my call. Without them it is going to be very hard although Bayern Munich isn't in the best condition either.

I wasn't sure whether this competition is going to be interesting or not. If Manchester United performed as badly as they did in the beginning of the season, I think it wouldn't have been such an interesting game. Now that Barcelona is performing so well and Manchester United is also doing quite well, this game is going to be a nice one to watch for sure.

The bad thing about it is that they are meeting so early on. Both teams would have had a positive impact on the competition throughout the entire tournament. Anyway, one is going to be kicked out and it is quite a difficult call who that is going to be. I believe that Barcelona is going to make it. Their defense is so strong and in my opinion that is probably going to be the key.

Losing those two points was quite painful for Roma I assume. Mourinho is realistic enough to know what he can be competing for this season and his goal is to make it to the Champions League. Now losing these two points is definitely a bummer. They dominated the game, but Lecce understood that they had to constantly get Roma out of the game by committing fouls. Lecce had 24 fouls and Roma had only 8. It was the whistle against Lecce all the time. Usually that is typical for Mourinho teams to commit fouls and be strategic about it, but today he got beaten with his own weapons. They are still in the race for the Champions League qualifiers though. It would be nice to see them play the competition next season.

This is just how things sometimes go and don't forget that Manchester City also lost 2 out of the last 5 games. Now this draw is painful for Arsenal I guess as the match against Manchester City means a lot more pressure now. City is in a better position in my opinion for that game. There is just one rule for them and that is not to lose that game. If Arsenal beats them, I think that we might be one very big step closer to the championship. Yes everyone will say that there are still 16 games to go afterwards, but being 9 points ahead at this stage of the season is a huge deal no matter what. I am really looking forward to that game as that's a serious highlight this season.

There is still a lot of work that needs to be done. When it comes to micro transactions, Bitcoin still isn't the perfect choice. Yes we do have options like the lightning network, but for everyday usage it must be even easier to use.

I think the idea of Bitcoin being digital gold still fits a good bit better than Bitcoin being a currency. The required number of confirmations and the time for transactions to confirm can still be a bit too long for many use cases. But still, Bitcoin is developing right as we speak and if it overcomes a couple of hurdles it could indeed be functioning as a perfect currency one day.

I am curious whether Sevilla will be the old Sevilla in the Europa League. Their performances in that competition were almost always excellent, but now they seem to be a bit out of shape. The game against Eindhoven won't be an easy one as Eindhoven is just getting back in shape. The strongest part in the squad used to be the defense for Sevilla. They are doing ok right now, but it's not as it used to be in the past. Who knows, maybe they'll just be on point for the Europa League.

Round 2

• Re: Berkshire Hathaway was built atop a system that Bitcoin was created to destroy.
Category : Opinion & information
Section : Economics

• Re: Which countries do you think this year will adopt Bitcoin as a Legal tender?
Category : Opinion & information
Section : Bitcoin Discussion

• Re: Crypto dump is just getting started?]
Category : Opinion
Section : Speculation

• Re: [Updated] FTX
Category : Opinion & information
Section : Exchanges

• Re: [Updated] FTX
Category : Opinion & information
Section : Exchanges

Thank you very much!

Hey joeperry,

I'd be happy to dive a bit deeper into the client and provide a review. Have already been looking into it and thought it's worth dedicating some more time to it.

Let me know if you are interested!

I think it has a lot to do with getting some brand new players integrated into the squad. Barcelona was playing like a fully squeezed lemon with all those oldies running around. They just have had enough, players like Pique. Gavi, Torres, Raphael and even Lewandowski brought in immense new motivation. That is one major reason why they are now again performing on another level. I think it is difficult to tell how much of a contribution Xavi is actually responsible for. He is most likely very good at communicating effectively. In the beginning I thought he might not make it, but he solved problems and got things under control.

Coming up with any kind of conspiracy theory here would take stupidity and ignorance really to the next level, but I get you. It wouldn't be surprising either these times. So before anyone really decides to come up with some insane theory, better get familiar with seismic fault lines, how they work and please explain how someone might have influenced anything...

The worst thing is the constantly growing number of victims. Every time I refresh my news ticker the number goes up significantly. This is a disaster. It is not even certain at this point whether more impactful earthquakes are underway. They have had hundreds of smaller ones just within this short period of time.

It is good to see though that the world seems to be sticking together and everyone is willing to help.

The governments around the world can wake up one morning and declare war, but that won't change much. That's empty words by any government as we have already seen. Take as an example climate change. While some of the governments are complaining about Bitcoin's "gigantic" contribution to climate change, it is obviously impossible to get governments around the world to work cooperatively against climate change anyway. Not that they are doing nothing, but many governments are putting their own interests above all others. The same will happen if government 1 out of 195 declares war on crypto. Even if there are 150 governments declaring war, there will be another government out of the remaining 45 saying "hey, we are fine with building an innovative industry in financial technology, just come to us!".

You would have to have a legal framework equally applicable and enforceable all around the world. Is there just a single example where you have seen that such a utopian scenario works out? I implied myself with the word "utopian" that it is not going to happen.

Bitcoin is not just a gimmick without any potential whatsoever. Even if someone doesn't like it or doesn't trust it, most people still have an uncertain feeling deep down that the technology is probably going to play a role in our lives one way or another.

We have also already crossed the point of no return in terms of the industry's scale in my opinion. Even if the vast majority of governments was against it, it is already too attractive to become a host for the industry in order for every single government to refrain from taking the opportunity.

Bitcoin adoption is also not just the number of wallets. Now in the most narrow meaning of the word "adoption", it kind of comes down to the number of individual users. But adoption can also mean when people decide to build infrastructure, like a company could decide to build rails for trains that can't be used by individual people yet. But adoption is still growing overall even when it's on the investment side of things. And that is clearly what is constantly happening with Bitcoin.

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That's correct, but one important point to consider as well is that Buffett is not only speaking for himself, but also for all the shareholders and stakeholders, among which are almost 400,000 employees. He might think that this is the best way to protect their combined interests. He might also really truly believe that Bitcoin / decentralized financial systems are trash. Now in his eyes it should absolutely be trash because outrageous rent-seeking at close to zero marginal cost becomes significantly harder in openly accessible systems. Buffett wants systems that generate revenue, ok, I get that. But for how long did banks not innovate and instead played the cat and mouse game because there was no competition on the horizon at all?

Revenue from transaction cost was the easiest money banks could ever earn. Only later on when big scandals happened and they fucked up big time here and there came stronger regulation into play, but it still was pretty much the same process for banks to transfer either 10 USD or 10 mio. USD. Yet they took a more or less flat percentage cut of the sum transacted. Closed doors on the weekends, no service after 6 PM and before a AM and so on and so forth.

With a competitive system that never sleeps, the banks realized they have to get their ass moving and they can't offer their services at too expensive prices in order to not create further incentives for the competition to innovate even harder.

Among the most important characteristics of Bitcoin is that it didn't have to get a banking license, a process that used to be so hard that its only goal was to preserve monopolistic rent-seeking banking infrastructure for the long-term. While banks complained about some regulation, they wanted harder regulation wherever it led to insurmountable barriers to entry for potential competitors like banking start ups or financial applications taking business away from them. This has of course changed significantly, not least because the whole world went mobile.

Bitcoin does not need permission to co-exist. People are free to choose whether or not they want to use Bitcoin in order to either transact globally or just take some of their financial wealth with them no matter where they are going. Unlimited capital mobility is again something that takes away leverage from banks over their customers. They can't freeze your accounts nor put you under pressure in any other way they'd subtly love to.

And of course there is the competitive character of Bitcoin towards FIAT and that is something policy makers now more and more are forced to have on their radar when making important economic decisions. They are still doing whatever they want as it seems, but this is a question of time I suppose when Bitcoin as a system becomes such a viable alternative for the vast majority of the people around the globe that policy makers will indeed think twice before making their decision.

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This is what I expect as well and I also hope for it. We have seen last season that even when a game was literally over like Real Madrid against Manchester City or against PSG, there are still tons of chances to come back in the end.

Real Madrid is a good example for a comeback team, but this year it is quite even between the teams. One thing is for sure though and that is that PSG and Manchester City are still waiting for their first win of the CL ever. It is almost hard to believe that none of them has won it yet despite the investments made and the players they have had season after season.

There are a couple of players who could once more make the difference, but even when Mbappé dominated many of the games in 21/22, it was still not enough to win against the big teams in the end.

It is a competition where the slightest differences can be decisive. It could be a bad decision by the referee or the goalkeeper making the mistake, but I do hope that the winner will be a deserved one.

I would argue that the explanation is a bit more complex than that!

Bitcoin could still be traded even if nobody needs it. When the tulip bubble popped in the Netherlands, everyone asked themselves why the tulips were traded in the first place. Did anyone need tulips?

I guess any "thing" out there that is expected to increase in price (not necessarily value) for rational or irrational reasons will still attract some interest.

The interesting part about OP's question is that it doesn't matter whether institutions need it or not. If anyone at a scale large enough needs it, institutions will also get in. The same counts for the other way around. If Bitcoin one day became the major tool for institutional transfers, retailers would also have a good reason to get in.

Analysis of behavioral economics can be extremely interesting at times. Even if you are the only person with 100% correct information, which is telling you that Bitcoin will die in July 2024, it could still be the right move financially if you expect another bull run based on false assumptions by the masses. I am not talking about morals here, just the financial aspect.

With all that being said, I believe that by now the skin in the game concerning institutions is already significant. They won't just leave the space and also, a big advantage of this type of technology is the innovative potential due to being an open system / open source and scalable in many ways.