Looks like Tesla is taking steps to stop price gouging by resellers. I love to see it. Hopefully this cuts down on preorders from people who just wanted to make a quick buck. The link is below to read the full agreement but the summary is that you cannot resell your Cybertruck within the first year of owning it and if you do you may be charged a $50,000 fine and never get to buy another Tesla product. https://x.com/niccruzpatane/status/1723485651280986572 |
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Okay, so for tomorrow's games, I'm eyeing two expected entertaining matchups.
1- Bucks vs. Magic: The Bucks might still be without Lillard, facing the home team Magic who are currently on a 2-game losing streak. The Bucks recently lost to the Pacers; will they bounce back with a win here? I'm leaning towards the Magic, but with points handicap +3.5.
2- Warriors vs. Cleveland: Curry and his teammates fell to Mitchell and company on November 3rd. Will they bounce back strong as they play at home? Well, I guess it's a no-brainer; taking the -3.5 Warriors is the easy call here. I'll be tailing you on the Warriors vs Cleveland Cavaliers pick! Unfortunately, the Warriors lost here and so the majority of us. I also thought that the Warriors being a strong team playing at home could win this game as I even put them at -4.5. And hearing that Draymond will be back, yeah, it was a no brainer bet for us. But Draymond was ejected in the game and then the Cavs started hot in the final quarter. They took advantage of Steph sitting in the first minute of the 4th quarter. The Cavs have a solid 6 players at least scoring in double digits. Ya, that was unexpected. The Cavs are a pretty big team though and the Warriors are pretty small. Once Draymond got baited into his second technical foul and ejected the Warriors were in big trouble. This is why I thought it was a mistake for them to let Wiseman go last year. They need a young big body who can fill in when Draymond does something dumb. |
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Trump showing up to the UFC fight is awesome. What other President would do that. He comes off as such a man for the people, I don’t understand why anyone would even consider voting for anyone else. He’s the first President that I think I’d actually enjoy hanging out with. Gotta love the reception he gets from real people at these events too. Highlight of the event for me.
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Some bad news for the Sixers… Kelly Oubre Jr. was hit by a car near his house in Philadelphia on Saturday night. I can’t remember an NBA player getting hit by a car before… The circumstances haven’t been told yet to my knowledge, but let us hope it was just a freak accident and not something much more sinister. I hope he gets well quickly.
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Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.
Gambling companies are typically middlemen for larger operations, not to mention they have other owners and the company is its own beast. I don’t see any ethics issues here. You assume that Steve Jobs used an iPhone right? You think Bill Gates uses Windows on his computer? I’d be more concerned if an owner was using a different platform. |
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Saylor has said he believes Bitcoin will x10 over the next 12 months. This shouldn’t surprise anyone given how much BTC he owns personally and with his company. However, as bullish as I am, I think we are more likely to see a x4 over the next 18 months, which isn’t as bullish as Saylor but is still pretty damn bullish in my opinion.
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Please let's all agree that it's time to end ordinals.
Edit: PLEASE READ I need to clarify this. By roll-back ordinals I didn't mean to actually roll back the bitcoin blockchain. Just to prevent the ability for them to be created from now on.
Nah. That's how bitcoin works. Is ordinals a bunch of worthless spam transactions that are bloating the mempool? Yes, of course but that is a VERY important part of scaling bitcoin. When on-chain fees bloat, that provides the much needed incentive to invest and build alternative scaling infrastructure. High on-chain fees drives more development to other scaling methods like lightning. That's just how the game theory of on-chain payments works. For example: When fees pump high like this, platforms now have a much greater incentive to integrate lightning or batch transactions or invest in new scaling tech that is not yet fully developed. I believe that Binance integrated lightning last time on-chain fees bloated like this. Ordinals doesn't need to be stopped. We just need to wait for fees to clear and use alternative payment methods (primarily lightning) until things cool down. Another important thing to understand is that the game theory of the lightning network works differently than on chain. To send a payment on chain, we all have to bid against other senders to be included in a block but on lightning, the routing nodes have to compete against each other with connectivity and lower fees than other routing nodes. Lightning nodes literally compete to offer lower fees than other routing nodes so fees trend toward zero while on-chain fees trend upward as demand increases. You can learn more about the game theory of the on-chain fees vs. lightning fees here: https://www.whatisbitcoin.com/lightning-network/game-theory-lightning-network Bitcoin is working exactly as it's supposed to. It's an open network that is being attacked by ordinals spammers but since bitcoin is anti-fragile, it just keeps on working and bitcoin miners are making a lot of money right now while the network is being attacked. Just because using the blockchain is expensive right now, doesn't mean that it needs to be "fixed". I disagree that lightning is the answer, but your take that Bitcoin is working the way it should is absolutely correct. Paying for block space is not an issue. The fact that so many people are bidding for block space that it is causing a clog shows that people see value in it. This is a good thing. I would be more worried if blocks started getting mined empty. |
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Buddy thank you for your service.
Thank YOU for your service, Phil. You are welcome. it was a long time ago. Jimmy Carter was the president. All the more respectable if you ask me. Back during a time when men were men and being in the military meant you went through it and earned your respect. Thank you for your service and I hope that you have a wonderful weekend full of kind words and maybe more importantly, great food and drink. |
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The richer the person, usually the less they spend and the more they scrutinize purchases. The exception being people who inherited their money. Any self made person has respect for money though and doesn’t waste it. This is sort of the weak men create hard times saying. Strong men build wealth and spend responsibly, weak men inherit it and spend like drunken sailors.
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And the Clippers continue to struggle, they aren't even losing via close margin. That's 3 in a row with Harden on the team, I guess this team will esily lead us to being a winner as despite their struggle, bookies still believe in them making them a slight underdog but heavy favorite sometimes, so let's fade them everytime. Luka Torch them with his 44 points.  Ya, the Clippers have problems… Not like anyone thought Harden would be a good addition for them. So far all he’s done is get Kawhi into a strip club… LeBron came through with a really efficient game to outplay Durant in my opinion and get the Lakers a win. I wasn’t expecting that, but am glad to see that the Lakers are capable of playing good basketball. LeBron also became the only player in NBA history with 5,000 turnovers. |
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I have a hard time believing that countries are gambling away 10% of their GDP. There’s got to be some sort of asterisk on that… Maybe total wagers but certainly not losses. That would be insane. Individuals certainly gamble more than they should in some cases though. I think all of us probably know someone who has had their life negatively effected by the gambling habits of family members.
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I watched Jake Paul’s newest YouTube video and there was some mention by him that he’s not trying to secure paydays anymore and that’s why this opponent is who he is. He’s trying to fight pros with more experience so he can continue learning and moving towards a legitimate title fight. That explains why he’s fighting a guy who is currently employed as an Uber driver.
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Stocks shooting up today along with Bitcoin. Looks like investors are expecting and end of the year rally and positioning themselves to benefit from it. Tech stocks seem to be doing rather well, so it wouldn’t be crazy to think Bitcoin could continue its rally for a bit longer. As ETF approvals near it will be interesting to see if it’s a buy the rumor sell the news situation or not.
Zweig Breadth Thrust (ZBT) indicator was triggered on S&P, according to this stocks should continue going up for a while. IMHO I’m not familiar with that indicator. Care to elaborate and save me the Google search? I’m not 100% clear why the market suddenly decided to rally. I’m guessing the bond market signaling that rate cuts are in the future and not increases is the culprit. Pretty much everyone can see the global economy is in shambles and are expecting stimulus soon. Dangerous game when the government is pushing for a recession. |
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The only game that I’ll probably pay attention to today is the Suns vs Lakers. Anthony Davis is listed as probable but is still suffering from groin issues which might hurt him considering Nurkic is a bit of a banger. The Suns are still hurting with injuries too but I think they’ve been playing better basketball than the Lakers. With them getting only a -2.5 point spread, I’m tempted to bet them to cover.
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Stocks shooting up today along with Bitcoin. Looks like investors are expecting and end of the year rally and positioning themselves to benefit from it. Tech stocks seem to be doing rather well, so it wouldn’t be crazy to think Bitcoin could continue its rally for a bit longer. As ETF approvals near it will be interesting to see if it’s a buy the rumor sell the news situation or not.
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Well, it has happened. I got contacted by someone I know to pitch me on a shitcoin. That typically means the rally is about over with for now and a correction is due. Will that happen? Not sure. The first sign of a top is in for me personally though. As for my buddy, they’re betting the farm on SOL, which they also did at its peak in 2021. So I’m slightly less bullish now than I was yesterday, but long term I feel we’re still looking good.
I am going to have to respectfully disagree... I am still waiting on a buddy of mine to ask me to buy him Bitcoin again.. He's been a reliable indicator of when ATH will be in!... Predicted the last 2 ATH. Yes, I have a buddy like that as well and so far he has been silent. However, the pitching of a shitcoin by an acquaintance is definitely a red flag for me that the shitcoin market is getting hot in the short term. When I start getting Facebook messages from friends telling me they’re buying Bitcoin then I’ll feel like the ATH is near, but that’s still probably a ways off. |
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This isn’t really a problem because very few people actually transact using BTC anymore. The store of value narrative has to be what carries Bitcoin into the future because it is not as useful as a p2p currency as most other options. Maybe this is a feature and the cost of transacting in Bitcoin is worth it, but the shit will have to hit the fan first so we can see.
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Well, it has happened. I got contacted by someone I know to pitch me on a shitcoin. That typically means the rally is about over with for now and a correction is due. Will that happen? Not sure. The first sign of a top is in for me personally though. As for my buddy, they’re betting the farm on SOL, which they also did at its peak in 2021. So I’m slightly less bullish now than I was yesterday, but long term I feel we’re still looking good.
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That’s why I stayed away from betting the Bucks today. They should be able to easily beat the Pacers but they’re just not playing good basketball right now. I can’t bet on them until they get some sort of an offense together. Giannis is the most dominant player in the league but giving him the ball and hoping he can dunk it every time is not a good strategy.
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If you know what Bitcoin is and you’ve managed to somehow take losses investing this year, you are a special sort of trader… With Bitcoin up more than 100% nobody should be able to say they’ve lost a penny. If they did, they’re clearly doing it wrong. Just stack BTC. It isn’t brain surgery. It’s the best performing investment in human history. Stop trying to outpace it.
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