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imho, nfts will evolve into a method of human/machine and machine/machine interaction rather than mostly 'artsy' objects.
1. an nft that opens a rented airbnb in London.
2. an nft that gives you the right to purchase something for certain price at a certain location or any location.
3. an nft that secures your car loan
if machine/machine interaction would be possible, then you would just 'task' your AI-agent and they 'go' around making it possible while you don't have to make a gazillion phone calls.
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Somehow I fear that, in the coming years, this choice we now have, to be or not be our own bank, will cease to exist, and we'll all be forced to use banks to store our corn. I hope it will never happen...
The vast majority of political theorists and/or strategizers recognize and appreciate the concept of scoff law, and they are not going to want to create an underground system, but sure I would not put it past them to play various kinds of cards that attempt to require some kinds of custodial services or otherwise reporting requirements - and the balance may also play out delicately in terms of how it may well have backlash repercussions for potentially more friendly jurisdictions - currently El Salvador, but surely others jurisdictions are going to be stepping up to the bitcoin optionality plate that recognizes and appreciates various oppressive aspects of our current monetary system (dominant dollar). My theory is that in the future most banks will offer bitcoin custodial services, but it'll be like PayPal, where you will be able to convert some of your fiat balance to bitcoin and they will hold it for you, but in order to make a withdrawal it you'll have to go back to a fiat balance first (aka sell first). Because they'll start playing the fractional reserve scheme (scam?) with everyone's bitcoin. I am reasonably confident that some or maybe all CEXes do this already. |
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The question is: how much money an average person actually has? Maybe not so little to call it almost nothing. Looking at Fidelity in US (of course, having an account there means that you do have some money). Posting averages, not median (median is smaller). 20-29 years old: $12K 30-39: 42K 40-49: 103K 50-59: 174K 60-69: 195K (small increase due to starting distributions, probably) https://www.nerdwallet.com/article/investing/the-average-401k-balance-by-ageTL;DR people have not an insignificant amount of money after ~45-50 years of age. Bitcoin changes this, of course...but you can see where you would have been (on average) if not for bitcoin, etc. OR a good luck in other investments, inheritance or card games  . |
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No more tres comas, now we're into "cuatro comas"™! Will need an updated image  loved that show (SV)! too bad it ended, albeit the ending wrapped everything nicely. |
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My desire for btc going above 55K and thereby f-ing that loud mouth "bear" Gareth Soloway might be considered schadenfreude, right? |
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Btw, please explain the fact that when the Sun was radiating 30% less the temperature on Earth surface was roughly the same, if not a bit higher billions of years ago.
If it was not high CO2 that was causing this (balmy weather despite much less sun radiation) back then, then what?
Temperature is not heat. That's another piece of hand-waving lunacy that's used to keep this nonsense alive. Mars atmosphere is 95% Co2. (Reflect on that for a moment - earth is 0.04% and Mars is 95% Co2). Yet its surface can lose 100 degrees of temperature overnight without a sweat. That's because its atmosphere is thin and so has little heat capacity compared to a thick one. Temperature is a measure of a particular mass's thermal response to heating. It's not a direct measure of heat. The idea that you can measure the "temperature" of a planet by averaging out the values of a bunch of thermometers (that are not the same thermometers that were there 100 years ago) is bonkers. You'd be hard pushed to get a meaningful measurement from a big pot of boiling water to within a half a degree, never mind a planet. you did not answer the question: why several billion years ago with Sun radiation at 30% less, the temperature on the surface was roughly the same? |
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You guys might disagree, but this cycle is quite underwhelming (in bitcoin) despite lots and lots of attention.
We are just X2.4 the prior ATH despite being quite deep into the current cycle.
BTC appreciated at just 26% APY since the last ATH (I used 3.833 years since the last ATH).
It's great, but not phenomenal.
Looking forward to a huge jump that has got to be coming.
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corn still in slumber
tired of waiting for the pump
need some moolah soon
#haiku
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..it helps to understand how a greenhouse works. The heat is trapped by the roof preventing the air from floating away...
interesting...can we just focus on bitcoin and not on "new physics"? my greenhouse got no roof, just sides...does it count? Btw, please explain the fact that when the Sun was radiating 30% less the temperature on Earth surface was roughly the same, if not a bit higher billions of years ago. If it was not high CO2 that was causing this (balmy weather despite much less sun radiation) back then, then what? |
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I remember when NFTs were called colored coins and nobody wanted any.
Was it the marketing or the timing?
both that said...eventually, having a nft of something (house deed, car repair history, etc) would help automatic systems to interact with each other. |
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You know that this is bs, right? I am not sure what the value of some NFTs are are, but, clearly, saying that copy is the same as the original does not really work. Here is the 'copy' (jpeg) of my bitcoin paper wallet...it even has the public key, lol. bitcoin could be wrapped as an NFT? heresy, heresy |
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Very nice, thanks. Actually, if we think of the Amazon example: it had a 95% draw-down in the first cycle, then something like 70-80%, then 50%, now even less in each "bear". The only surprising part for me was that bitcoin went down 84% in the last cycle. I expected the downs to progressively decrease in %, and they did, but very, very slowly from 94-95% to 85-87% to 84%. This one has got to be different if we would not have a huge spike up first. |
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I hate it but I DID sell some Bitcoin recently..
I made some Bitcoin recently that I will have to pay taxes on..
It was keeping me up at night that if by the off chance Bitcoin dumps then I would be stuck paying taxes on its price when I acquired it, no matter it’s current price..
So basically by the off chance Bitcoin really took a fall, I could be stuck paying more taxes than what the coin was worth at all, and that could REALLY hurt me..
So, I played it safe and sold just enough to cover what taxes I’ll have to pay, which is making me sleep much more comfy..
Apparently, wash sale rules do not apply to bitcoin YET (there are rumblings that this would change in 2022). Therefore, if someone had a profitable trade, but now in a trade that is in minus, he/she can quickly sell and a second later re-buy, claim the loss and STILL have the exact same number of bitcoins...could be an interesting proposition. The only caveat is that I don't know if Turbotax software "knows" that bitcoin doesn't have a wash sell rule. Not a financial advice, just an observation |
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Odds on serveria & Cryptotourist docking once we break the ATH?
I swear all this bad blood is only because of the mini bearish market we’ve been in for 4-5 months.
Go on, urban dictionary search docking, I dare you:D
You sick fuck! Can I now unsee it? Please? Can 2 big clit steroid lesbians engage in docking? OT: not as described in urban dictionary, but bonobo monkeys (the most sexual creatures on Earth, apparently) have some interesting variation..some documentaries are posted (f/f). EDIT: they don't call themselves lesbians, but do bite males because males don't perform as well. |
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I don't...f-n hate leverage, NEVER used it since 2002 . The siren call of leverage is strong, but the results are dismal...sooner or later. |
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OK! That's really cool!
 pictures are very well done, I have to say...@sirazimuth may think of making a limited NFT series out of it...I know , I know, you guys mostly dislike that "nifty" concept. Nobody knows the people on the list outside of WO, though, but who knows, when btc would be at $5mil, WO might have a place in history, lol |
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