Bitcoin does seem to be considered a "tech stock" by the markets. There is a risk that it would suffer the same fate as other tech stocks. Best to have some phyz too just in case.

They know the goose bump formula even on stupid meaningless things. They probably have a class on it in film school. But mix that with something meaningful that I'm already passionate about, yea, same here, major goose bumps. Someone who writes for that show sounds like a super cool guy.

Well in your defense I only have 11 reports. I was just saying it to point out that when I flagged the same thing you did it worked for me for what ever reason.

I now have 1 additional reported post and still 100% accuracy.

I feel like this is trick question. Because then it wouldn't be "the state"?

Thanks for the suggestion. I went ahead and purchased it on audable. It was like $2.01 after taxes. I'll listen to it after I finish American Gods.

That is so obviously spam. I have 100% accuracy right now, let's see if I blow it by reporting this. I'm going to report it right now and I'll let you know what happens.

Anyone who shorts ETH has balls of steel and my respect.

It's not that much if you need to be in one of those places you listed. Where, if you are, you will be paid well enough to be able to afford it (out of necessity) but will still only have a lifestyle on par with someone making 1/5th of your salary elsewhere. A really comfortable retirement starting at age 30 only requires about 2 million though. So it's not that a million is a small amount of money so much as it's that the particular examples you gave are WAY overpriced. For reference you need about 7 million dollars in assets to be in the american 1% and about 3 million to be in the global 1% (those figures assume that you have only assets and no income).

But yea there is a sense in which you are absolutely right. A lot of very financially illiterate people have very bad misconceptions about what a million dollars means. They will play a lottery that promises to pay out a million dollars and think if they could just win than they could live like an elite and never have to work again, which of course is not even close to accurate. It's also why everyone who wins the lottery blows through it all in a couple years, they think they won WAY more than they actually did.

Oh heck yes! Somebody who finally gets it!

I think he worked at google right?

Sure I agree with all of that. But to me it's a bit like complaining about a little wave that just splashed salt water in your mouth when there is a clearly visible tsunami approaching from over the horizon. Maybe a bad analogy since tsunamis make the water recede... But what the hell, I'm sticking with it. I just can't muster the energy to care when thinking about it makes me think about the million times more terrifying beast it is a tiny tiny part of.

What? Our 300 and something billion? They fart that kind of money in their sleep. No. It's much more likely that they are coming in order to leverage what we have built to siphon normie money. The basic model looks like this, slowly quietly accumulate an asset, then when it's time to sell you get Jim Cramer to tell everyone that there is this secret asset that has flown under everyone's radar and that you mr normie can be the first person to get their hands on it! Then the people who were quietly accumulating sell to this new wave that Jim Cramer brings in.

Now I know this is pretty much a perfect example of what happened in 2017. Jim Cramer was even shilling for bitcoin on his show in 2017. But this well goes so so much deeper than what they tapped into in 2017, they are just getting started, and it's not about the money that's in it now, it's about the money that they can bring in. Heck, I wouldn't be surprised if this whole thing with MtGox liquidating on exchange is to suppress the price while they quietly accumulate OTC in preparation for the next pump and the next wave of Jim Cramer recommendations.

The point to me is not that it be adopted before it's needed, but that it be ready for adoption when it is. Like during the last run up when people were paying 30 dollar transaction fees. LN will be adopted as soon as it is needed.

That... could be true I guess. But wouldn't he just use monero?


It's open source code. You can verify what ever you want. If the cryptography is broken than yea we could have problems. But the cryptography is all older well vetted stuff. And it does follow that as long as the cryptography works than the network is trustworthy and trustless. But yea cryptocurrencies are not savings vehicles anyway. Too experimental, too new, too arbitrary. They are for moving value and speculating. Speculators should know and accept risks like that (the possability of cryptography being broken) and people who are moving money have the risk minimized by not being in the payment vehicle for long.

As far as the three letter agencies knowing. It reminds me of a book I read a while back called The Cryptonomicon, a large part of the book is about a cryptographer that cracked all of the Germans messages in world war 2, and had all of this info about the enemies positions and tactics, but isn't able to use 99% of it to save ally lives because that would give away the fact that the Germans cryptography had been cracked. So he's just sitting here listening knowing that this general needs to do this action with his troops inorder to win this battle, but he cant say anything and has to listen to reports of thousands of soldiers dying that he could have saved. Moral of the story, it's still worth the effort to use something like monero because they might not have cracked it, and even if they have cracked it it's still worth the effort because their unwillingness to give away the fact that they have is a measure of protection.

I agree in principle but those optics are so terrible. Even me who is one of the biggest monero supporters and free market supporters was quite taken aback. Flaunting wealth that crassly is in very poor taste. I mean at least a lambo is a real thing. A honda civic doesn't work just as well as a lambo. But a 20 dollar watch at walmart probably works better than that, it probably has more features. That's like setting a million dollars on fire in front of everyone just to show them that you can.

I mean yea you are right. It's his money and he can do what ever he want's with it. And monero isn't a shitcoin, it's the best altcoin on the market, just in terms of the tech behind it, tech that he helped to develop. But setting money on fire in front of everyone really really makes you look like a scammer.


Wow. I didn't take you for a fudster. If the transactions are so traceable than why doesn't someone do it? I'll post the transaction id and someone tell me who it came from and who it went to, okay?

It does give one that impression...

Is FP really wearing a million dollar watch? If so why? I'm really confused.

This is just a tiny tiny fraction of a much bigger problem that is coming. https://www.youtube.com/watch?v=JvbHu_bVa_g The machines will intrude into our lives more and more until we don't even know what is real anymore in any of life's domains, until eventually we become irrelevant, and then we will wish for the days that we mattered enough for them to want to intrude Either way, it get's a lot worse before it gets better, if it ever gets better at all.