I personally believe that period close to halving is the best fucking buying opportunity for the upcoming years.  If by "close to halving" you mean 1-2 years prior, then yes. If you mean weeks before halving, then no, not really. There will be at least a 2X multiplier that you missed by waiting, and could have been accumulating. The best fucking buying opportunity is when you have fiat to trade, and it seems like the MSM and the entire world has lost interest in bitcoin. A time like right now. "Time IN the market beats timing the market."The U.S. continues to be behind the curve.  |
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"owning BTC is a winning strategy" fuckin' aye it is... 100% , zero argument from me.. I am pretty much a permabull longterm for BTC, in case anyone forgot or didn't know, or it was not clear... but then , it is not religion, and it is ok to discuss what it is, isn't, could be, wont be , etc It is ok, for someone to point out that someone is currently down on their investment, such is the nature of the beast, especially this beast, volatility is its middle name.... and one of the reasons we love it, embrace that shit. ps, for all we know the buyer was one of the sellers in the $67K+ region  One thing you'll notice, unlike over on /wallstreetbets where the ape knuckle draggers actually whine and revel in being down/losing on their stupid bets, we .... don't do that here on the WO. Because investing in bitcoin is all about long term #winning. It's all about sucking it up, putting on your big boy pants, and playing the long game.  |
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OT: Netflix loses subs, craters in extended time. Watch FB doing the same tomorrow.
Not surprised about Netflix losing subscribers. And I don't think it has much to do with their rising monthly subscription fee. I know I've personally sat around often wondering "Is my monthly Netflix subscription actually worth it? Out of an ocean of absolute woke agenda trash shows, I probably only watch a few good shows or movies here and there... like maybe 2 or 3 over several months." |
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That dip under $40K didn't last long. You can see that there's demand waiting to buy the dips now and the floor keeps rising. I'm a bit surprised with all the Do Kwon buying along with Saylor out doing his promo thing we're still seeing Bitcoin's price decline in the short term. I thought Do Kwon was going to carry us above $50,000 and then that might set off a wave of FOMO that would push us back towards the highs. It seems people are being smarter about their purchases now, which has me thinking that maybe retail investors have run out of speculative funds to throw into crypto and we're now seeing large funds looking to scoop up deals as opposed to retail buyers FOMO'ing the price to overvalued levels. I'd feel pretty good about buying in with the big boys under $40K here, even though cyclically we should be seeing a downturn in price at this point in time.
Or cycles no longer apply due to smaller mining block rewards and less fees for miners due to LN network. Or how about even a new paradigm shift, where Wall Street insiders and rich billionaires start making mega investments in bitcoin within the $30-35K range because they know that the WS whales won't let them lose money? |
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That article is total FUD bullshit. If stocks truly fell by 40%, or even 20%, they would literally rally back the following week, and hit new ATHs within the month. |
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Great video:
They Want You To Be Poor (Here's Why)https://www.youtube.com/watch?v=9LAFlQ7csc8It does miss just one important point though. The desire for depopulation, or at least slowing population growth, is not about the environment or climate change. It's all about the current centralization of the global food industry and the associated supply chain that the elites rely on for mega profit today. In order to feed and service an ever growing world population, global food production would have to massively de-centralize, and the opposite of central-planning (i.e., true capitalism) would have to be allowed to reign free again. They don't want that, and can't have that. It would mean massive profit losses for them. Once they have that control, they don't want to relinquish it. |
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OT: Gold cup and handle forming.
Break out, or fake out?
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The WO posts are shit in the recent pages except Toxic2040's TA.
Pot, meet kettle. |
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There is no such thing as a “useful NFT”.
Read Torgue’s & Richy’s comments on that, again.
I wouldn't go so far as to say that there couldn't be a 'useful' NFT, just that as when I saw Vitalik talking about smart contracts back in chicago many years ago, I think the potential use cases are a lot narrower than is being hyped. (The whole "buying hashes of pictures you don't own" is obviously complete BS though, of course). I have no doubt that NFTs will be a big deal component of the upcoming Metaverse, or any other VR world coming soon. They are already planting the seeds and hype. Since the young folks of the future won't have the means to own real world things of true value anymore, once they have convinced the pleebs that "owning" something in the Metaverse has supposed value, that's all she wrote. They'll all be clamoring for it: VR cars, VR yachts, VR real estate, VR clothes & jewelry, VR art pieces, VR vacations, etc., etc. Hell, I could even see them creating a secondary stonk market that trades stonks of virtual companies and resources that exist only in the Metaverse. Probably somehow using the Ethereum scamchain. Sound crazy? If I can sit here and dream up the absurd and insane, then I'm sure the scammers are already cooking it up as we speak and salivating. The scammers being Meta, Google, Apple, Microsoft, Amazon, Nike, Coca-Cola, etc. Real world things of value only for the elites to enjoy; VR goods only for the pleebs. |
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OT:
Muting your mic reportedly doesn’t stop big tech from recording your audio https://thenextweb.com/news/muting-your-mic-doesnt-stop-big-tech-recording-your-audioWhy am I not surprised. I long suspected that video conferencing software would have this issue, especially with all the world's WFH employees now on Zoom or similar. It's a feature, not a bug. Big brother is listening, and your company is likely spying on your muted utterances. Wanna mute and call your boss an fkn asshole, or that flake co-worker a bitch, under your breath? Better think again. Good info. Muting audio is easy enough, muting the mic from the OS more difficult. I wonder if there's an easier way than suggested in the article. Buy a laptop with hardware kill switches to physically disconnect the camera and mic. https://puri.sm/products/librem-14/Librem 14 from purism hardware kill switches to physically disconnect the camera and mic (including the headphone jack mic) or wireless and Bluetooth It's also got a disabled Intel Management engine. There' a serious bug in it that puts 100s of different computer models at risk. https://www.zdnet.com/article/intel-me-bug-storm-is-your-machine-among-100s-just-named-by-acer-dell-hp-lenovo/If any WFH employee is supplied by their corporation a free company laptop, desktop, or VPN terminal to do work with, then *guaranteed* it is already compromised with spyware, keylogger, video logger, audio logger, remote kill switch, etc. Without a doubt. |
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Dang, even the top 1% should be pissed at the top 0.1%.  |
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OT:
Muting your mic reportedly doesn’t stop big tech from recording your audio https://thenextweb.com/news/muting-your-mic-doesnt-stop-big-tech-recording-your-audioWhy am I not surprised. I long suspected that video conferencing software would have this issue, especially with all the world's WFH employees now on Zoom or similar. It's a feature, not a bug. Big brother is listening, and your company is likely spying on your muted utterances. Wanna mute and call your boss an fkn asshole, or that flake co-worker a bitch, under your breath? Better think again. |
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* January 6th was terrible. When people are outraged they should only be able to burn down the local high street, not take it out on the people making terrible decisions protest peacefully outside the Capital, then be let in through the doors by security for an office tour, how double DARE they!
Had to FT |
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Also, all the govt, corporate, legal, and other intermediaries that get fees to process all this stuff, have a vested interest in the status quo process. Because money. That will NEVER change, ever. If anything, it is likely to get worse. They will wring every dime they can out of the existing process.
Until they figure out that it can shave their margins too and enable them to make even more money.... https://hmlandregistry.blog.gov.uk/2019/05/24/could-blockchain-be-the-future-of-the-property-market/(ps same goes for other player in the real estate industry, from developers to investors) pps "To demonstrate the benefits of a fully distributed network, we worked with leading conveyancing firms Mishcon de Reya and MyHomeMove, payment intermediary Shieldpay, digital identity provider Yoti and HM Revenue & Customs to build an end-to-end proof of concept. We also created a simple mobile interface for the buyer and seller so they could complete their actions on their mobile phones, such as verifying their identity and signing their agreements. All we needed then was a real life property transaction to test the prototype" ppps "The first digital transfer On 6 March 2019 the sale of a recently refurbished, semi-detached house in Gillingham had completed. It had taken 22 weeks, much longer than the six weeks the buyer and seller had expected. In early April we sat down with all the parties involved to see how much time it would take to run the sale and purchase through our blockchain prototype.We used a video chat to bring everyone together. The buyer, Peter, was at work in Medway and his conveyancer was in Manchester. The seller, Stefan, was in his partner’s home in Gravesend and his conveyancer was in central London. The Digital Street team were in Plymouth, with representatives from Yoti in London and Shieldpay calling in from Malaga, Spain. Once each action had completed (such as drafting the sales agreement) the application automatically informed the next party it was their turn to act. The demonstration of the technology ran through, end to end, in less than 10 minutes." pppps Her Majesty's Land Registration here in the UK is where the buck stops, and from my understanding they are still actively working with companies to bring the whole process here "up to speed" in terms of cost and ease of use/accessibility , and I expect them to continue to do so..... will blockchains and NFTs have a role to play and gain traction going forward... perhaps , time will tell ppppps - 10 minutes is better than 22 weeks, or 6 weeks. Psssst... you can do all of that with a database and a streamlined digital process. NFTs/blockchain don't change or enable anything. ----------------------------------------------------------------------------------- Hey, speaking of streamlining processes: As I sit here and contemplate the umpteenth Amazon package of mine that either got lost in the mail, or delayed by several days. I'm reminded of that time at band camp when Jeff Bozos promised the world guaranteed 12-hour same day package delivery, and life-critical pharmaceutical 1-hour delivery by drone.  |
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I think the point is that for now, these registers for property are simply databases or records, centralized and can mostly be accessed by anyone. Sometimes they are online, sometimes they are hardcopy (paper only) for some really old records that have not yet been computerized, and this can be seen in ancient records in some countries.
I know for example, my mother-in-laws birth certificate was not in their database, so she had to file for something called "late registration", and that's for something as recent as within the years 1940 to 1950. There are many cases like this that I have seen, even some as young or same age as me, because they are born in a different hospital or jurisdiction that did not have computers and everything was hand-written, and those original documents got lost, burned, damaged or whatever.
Eventually, they will be on some public or government website, and maybe from there they might transition to blockchains, and that's where these NFTs come in. How they are treated legally will take some time, just like how court cases involving evidence have evolved to allow DNA, and marks on bullets/casings for firearms related cases, and now they might even accept video or photos as evidence, provided they are proven not tampered or photoshopped or deep faked.
They took decades to digitize stuff, they will probably wait a few more years before anything happens.
Even if certain entities like govt offices start using an NFT/blockchain behind the scenes as a form of back office recordkeeping, who tf cares? What's the big deal? You'll still need to show ID, fill out digital paperwork or contracts, pay fees, have lawyers look it over, and endure waiting periods, all to get legal entitlement to the "thing". An NFT/blockchain won't change that process or make it easier/more efficient for the end user. This whole idea of a future world where you'll buy a piece of real estate, a company, or get a divorce with a "single click of a mouse", get instant settlement and the NFT is all you will ever need, is a fantasy at best, and complete delusion at worst. The idea of a single global, centralized blockchain-driven NFT database for everything that is legally defensible is even more laughable. Also, all the govt, corporate, legal, and other intermediaries that get fees to process all this stuff, have a vested interest in the status quo process. Because money. That will NEVER change, ever. If anything, it is likely to get worse. They will wring every dime they can out of the existing process, and even a new or modified process involving a blockchain. |
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Thing is, things develop and things change, so I do not imagine the deed issue being around for too long... and there are workable workarounds, for example, in the US at the moment you are correct re the deeds they cannot currently be linked to NFTs (yet) .... however what can and had been done is that the property (if we are talking real estate) , is first transferred into a LLC, and then the company, is then minted to a NFT, and it is this company that is bought or sold, and rights to the company (and therefore the property are stored on the blockchain)
.... and I think there is a good chance that this space will continue to evolve.
There are also solutions for tokenised/nft for equity release from properties too.. which again has the potential to evolve going forward.
....and as mentioned in previous post, I am pretty sure that we will be seeing this within the art collection industry too, and possibly wine also.
....could all this be done using tokens/smart contracts and sans "NFTs" yeah totally..
NFTs and a blockchain don't add anything useful or missing to any of those scenarios you mentioned, because the existing, legally-binding ownership laws, contract laws, deeds, etc. already cover it and cover it well. There are no deficiencies or gaps that an NFT would fill, and there are no inefficiencies in the process that an NFT would make better. So again, the point of NFTs then? A solution looking for a problem that doesn't exist. |
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I mean a NFT that represents a real world asset is sorta more interesting......
Is it now? Here is my NFT for sale for a 1000g gold bar. I'll even sell it to for 20% off of spot price....  I think your missing the point. Nft as a public register for land/property etc can be very useful No, it can't. Just saying that doesn't make it true. Because a legal property deed is legally binding and can be defended in a court of law. An NFT is not "useful". At all. Period. It does not give the owner any exclusive legal rights to the thing it points to, and cannot be legally defended in a court of law. If anyone is missing the point, it is not me. |
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