When inflation goes up completely out of control what people want the most, besides the products and services which allows them to cover their most basic necessities, is a solid currency which is not going through the same process, this is why gold goes up in price at an astonishing rate when the inflation is out of control, and taking into account the characteristics of bitcoin then it is likely it will go though the same process if inflation goes up even further.
Gold will still be the perfect solution in times of inflation, but I really doubt bitcoin because, as we also saw what will happen in 2022 when inflation peaks, bitcoin is also hit hard. Quite frankly, bitcoin failed to fight inflation during the economic crisis in 2022. In my opinion, Bitcoin will remain an inflation hedge, but it will only work in the long term. This means that we can hold bitcoin to prepare for other inflation in the future, but being a short-term inflation hedge is not possible because of its volatility. What happens is that when an economic crisis appears out of nowhere and people are surprised by it, every single asset goes down in value, it is not until some time passes and people calm down in which they begin to evaluate their options about what is the best move they can do at the time, and while gold is at the top of the assets to get when inflation is out of control, due to the characteristics of bitcoin I think there is a very high chance it will do well under those circumstances. I think it’s hard to say what Bitcoin will do under those circumstances. I’d like to think there’s a future where BTC goes up in value during a recession that lowers the value of other assets. That would certainly put Bitcoiners in an amazing position to grow investment portfolios. However, I have my doubts but remain optimistic. |
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He’s a great author of one of the first finance books I ever read and I respect him a great deal. He obviously knows a lot about economics and has a great story as well as an amazing ability to tell it. That being said, I’m not sure how great he is at predicting Bitcoin’s price or how involved he is in the market/community. Still, BTC is climbing back into the news.
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2. Awarding of second challenge to the coach when the first one was successful.
This should be implemented earlier since flop destroy a lot of important game. This issue is known by the refs during review that some of their call is just flop but coaches doesn’t want to waste their challenge on silly acting. Many star player benefits on this method on drawing foul since they have the charisma and star power to the refs for making them easy to believe. Flop cips is always shown in the highlights on NBA replays. I wonder why the committee allows this kind of dirty trick before it gets a heavy penalty. This rule is not directly related to flopping as it could be due to a wrong call by the referee. If we remember the basic rules, a coach could only challenge for a call made, not for a non-call. Therefore, it would really help the team to still have its coach's challenge as long as they make a successful challenge every time. I agree, a big help for the coach as he can challenge calls as long as he made the first one successful, meaning to say that the coach will not be that afraid to challenge if he feels that the ref missed the supposed call. It gives a good chance for any team if ever that they feel the officiating officials are not doing their job. Not only with the flops specifically, but more on the contacts that the referees might miss during the game. That was a no brainer move for them to add. I’m actually surprised it wasn’t that way before. I’m pretty sure it is in the NFL so I guess I assumed the NBA was the same. This explains why you saw coaches not challenging obviously incorrect calls early on in games. That was something I was dumbfounded about so it’s nice to finally understand. |
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The low inflation reading of 3% (yes, we consider that low now) has people cheering. Not that inflation is low, because we all know that is a blatant lie if we do our own shopping, but because it means that restarting the money printer is on the horizon. We just need a crippling recession that takes people’s homes first and then it’s game on for the economy.
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I think it’s funny that everybody immediately started accusing Hunter Biden of being the responsible party here. We all know his drug of choice is crack so if it wasn’t rocked up he’s probably in the clear. Like others have said, it’s probably another politician or some visitor. I imagine being coked up in the White House might lead to you ditching your stash out of paranoia.
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Originally it wasn’t viewed as an investment by most people. I felt alone back in the day using terms like market cap. It was originally a PayPal replacement with no fees. Things have changed a bit and now it’s being pushed as a replacement for gold. It’s scarcity in the end proved to be too valuable to investors for its original mission to succeed.
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I ordered one for my wife, it just arrived today. I agree with OG, the smell is definitely burnt hair; however, even though it does not smell "bad", I would be hard pressed to say it smells good. Ironically with the Arizona heat, as soon as we opened the box, we could smell it!
Overall, I think I am going to have a hard time to convince my wife to try it, so it's likely going to stay a collectible.
I never had to spray any either. I just opened the box to check it out rather quickly and my house still has a little burnt hair smell lingering around. It does have a fancy smell to it. I could see a grandma wearing it in some elegant atmosphere. I’ve seen online that people are saying it smells like a campfire. Some unboxing videos are pretty funny… |
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Given the marketing failures of companies attempting to be woke recently, I think it’s also important to invest wisely and not just throw money at whatever crazy idea some mentally ill intern throws on the table.
I am curious if people think it’s time to start investing in these companies now that their valuations have tanked due to horrible marketing decisions. Disney, Budweiser, Target, etc.
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I regret on not buying it because I thought the is ridiculous for it’s price. It’s a premium price for perfume that scent like burnt hair.  The lowest. Price on e-bay is 239$ and there’s no guarantee that it’s legit. @OG does the smell is really like same as charred barbecue. I knew burnt hair smell is disgusting. I wonder how they make this perfume good. I bought it because as stated I like to support Elon, but I sort of knew I’d be reselling it at some point. Just waiting until an offer I can’t refuse finds its way to me. I missed out on the Not A Flamethrower so I’m on the buying nonsense train now. My SpaceX torch shaped like the Starship being my latest purchase. It’s weird to describe, but you can definitely smell burnt hair. However, I think all the chemicals they put in it makes you think it actually smells good. |
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After several days of straight sideways movement we got a little bit of some upward action today. Not enough to mean much, but it does feel like the sellers are getting exhausted here. I’m starting to see a tick up in the amount of Bitcoin references I’m seeing in mainstream news outlets. It appears that the next wave up is nearly upon us.
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I’m surprised to see that news outlets are saying there’s only about a 50% chance of an ETF approval. Not sure what time like they’re putting with those odds, but at this point I’d say the odds are closer to 100% with the banks filing for these funds and it will be bullish. I also believe approvals have been delayed until this point to try and match the demand with the supply from distribution of the mtgox coins.
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^ I’m pretty sure Izzy was the one who reached out and wanted to train Mark, not the other way around. While the fight may be a joke, Mark is certainly putting in the time and effort with the right people to show he’s serious about the sport. If this happen for real, I’m putting money on Zuck and hoping that Elon doesn’t get seriously hurt.
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I saw a picture of Mark Zuckerberg training with Izzy. It sure seems like Mark is really pushing this MMA training seriously. I’m not sure Elon understands the weight of what he’s up against. I’m no fan of the Zuck by any means, but he’s clearly in good shape and is putting the work in with some of the best in the sport. I think that effort is being underestimated.
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I would say that I’m happy for him/her. They beat the odds to get a life changing amount of money and it didn’t take them a lifetime of throwing money away to do it. The negative part of this situation is that there are probably plenty of other people who will read this story and then try duplicating it, costing them quite a bit of money in the process.
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Dwight Howard really wants to be back in the league next year. I’m honestly a bit shocked he wasn’t in the league last year. I still think he’s a top 10 center in the league. Same with DeMarcus Cousins. I hope they both, along with Isaiah Thomas (who has been working out for teams this offseason) get a chance to show they aren’t done yet.
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I’m not sure how real this is and I didn’t put in the time to fact check it, maybe one of you want to. However, this is a shacking use of social media type apps to assassinate a rival. Seems almost too far fetched and movie like to be true, but it also seems very plausible and simple to pull off. A good case of social media sites having unintended consequences. https://twitter.com/stealx/status/1678741923400384512 |
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As a fan of Elon’s companies who loves everything they’re doing to get ready for life on Mars, I never miss an opportunity to show my support. This product supporting the Boring Company, which is no doubt preparing to build underground on the red planet to shield from radiation.  The product being burnt hair. It smells as described, but it’s oddly a good smell. Anybody else grab one of these? |
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Well, my order is officially cancelled  After trying to get an answer as to when I would get mine, and not getting an answer I called my CC company and opened a complaint figuring that they could get a better response. Got a VM from the bank that after 21 days and several attempts to contact the vendor they received 0 response so they gave me my $ back. Sucks, but I do blame Sondors, they have been getting this reputation in the motorcycle world for a year now. People who ordered, MONTHS and MONTHS after others getting their bikes but not others. Some people (like Og) get a happy cheerful response from customer service, others are ignored. At this point there are more low end electric city bikes out there, will have to poke around and figure out which one I want. Probably not the worst, only have been on the CanAm like a dozen time so far this year. -Dave I don’t blame you. Not just for the delay but for falling short of their promises. Given the specs that the bike actually has, I wouldn’t have bought it. I think the range is about 1/2 what it needs to me and the top speed is about 10-15 mph too low to feel safe driving this thing on highways. It’s a cool bike to get a high school kid to school maybe, or for a short work commute, but it falls short for a functional motorcycle. |
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Wemby is gonna take the break in the NBA summer league and will now focus on the upcoming season. This is as per the decision of his team, Spurs. Spurs decide that Victor Wembanyama’s Summer League is over after two gamesI guess this is all part of the grooming plan and he had shown enough for the summer league. The preparation for the upcoming season should be prioritized then. Smart move. He shouldn’t be on the court until he gets more meat on his legs. |
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There’s a new mtgox status report out. It’s confidential so I don’t want to be the one to leak it for legal reasons, but I’m sure by morning it will be all over the place. Worth keeping an eye on if you’re a trader and want to be first in the know.
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