Just upload me to the singularity and have it done with.)
who said that we are not [almost] there already in more ways than one? because all people around have just 5 fingers? |
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This doesn't need to stay up ad finem.
Oh no. Can't ruin the sanctity of your back-room circle jerks, huh? Hillarious. El Duderino *KNEW* I was John Titor from back in the chat, and decided to pile-on. Showed his true colors. A pure hedonist. Could not ever be friends with someone that shallow. I also *KNEW* at one time but I forgot. Maybe it's just that your alts aren't as unforgettable as you Mr. BobLawblaw. yep, I can hardly remember all 'regulars'...sorry, no memory left for sock-puppets, girlfriends/boyfriends and their "clones". On the other hand, why AI thinks that almost all hot girls have shiners? |
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I was a friend …. To the sane BoB - still am….
Still got love for him, nohomo
maybe too many beers...re fake bob |
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Hahahaha .. fair enough.. .. I had to go back and merit dee doodz for such subtle wittenings.
And by the way.. yeah, I might have clicked my "send" merit button too soon too.. especially when thinking about "stable BTC" prices, as if that were an actual thing that any of us should consider amongst any kind of "meaningful" high level of probability that it is even worth mentioning... yeah... sure, "stable" prices coudl end up happening, but largely seems like an outlier event that is hardly worth mentioning it.. unless we are somehow obsessed with focusing our mental energies on "fringe" cases and then treating them as if they were anywhere even close to 50 or greater odds of actually taking place.
<a big snip> JJG mining sets the floor price. I have followed for years and bottoms come in just about right on spot to : 5-6 cent power and top of the line gear. basically we hit that in november . I 100% agree that mining does not set the top of the bull run. But time and time again mining is what set the foundation level for the bottom. please note flash crashes are excluded as the have been followed by v style recovery. 1. Approximately..and typically one month or month and a half of declining difficulty sets the bottom (during usual markets, not a calamity). 2. I still hold readily deploy-able funds to buy the flash crash or a sudden dip...it is much more my style vs DCAing, but to each their own. |
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It's funny, but it seems that I can report that bitcoin changed my mentality.
I used to zoom in and out of investments and 1-2 years was "long term" for me (especially since after 12mo it is long term tax treatment in US).
Lo and behold, now that I used to hodl bitcoin, I also tend to do the same with stonks, sometimes even against my best judgment.
Not sure how to deal with it..maybe by randomly selling small amounts of weak performers, haha.
TL;DR bitcoin hodling changes you
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Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs. Another example of why the empire is nearing its end. The Dollar will crumble pretty soon. It's frankly astonishing that this is being accelerated by such moves. The question I guess is, is this intentionally stupid or just plain stupid? First off, both parties are responsible for the debt, this much is clear. There was no such debit limit posturing from GOP during Trump years AFAIR. Second, US is unique in pretending that debt limit is "real" like a credit card limit. No other country (apart from Denmark) has a debt limit measured in a set value, not in % of GDP. Realistically, with more than 1 tril in deficit every year, what kind of debt ceiling one can talk about? It's all fun and games (political). Another question-how long can it continue? I am not sure, especially with 5% interest payment on a short term debt. However, why would dollar crumble against other fiat if they ALL do the same? It may crumble against bitcoin for sure, but isn't it what we all expect? |
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...snip...
I think if you really consider to get your ass frozen and revived in the future, you will be kindy born again, but without personality. There is biochemistry involved, and afaik the process is stopped when you get frozen. So, there's Hal, revived, with cottage cheese in his mind, to a yet unknown extent. I am not sure if i would want that to happen to me. For me, YOLO is not only the motto of a questionable generation of growing-ups, but it's something i consider as literally true. Apart from that, i do and will teach my children that BTC is not the kind of investment it is usually compared to in the world of normal people. A way to independence. I will ask them each if they would sell their independence for money at some point in the future. Good thoughts you started there in my mind with this posting. I really don't want to press the frozen body issue, but I have no doubt that it would be possible, eventually. As an example, here is a vid of bats, apparently being frozen solid during our recent freeze and then re-animating. I don't think that their "personality" was affected, but i cannot really ask  https://youtu.be/ckq8KCOdgzM?t=53Same for the gekkos in my backyard...I noted the location of a "frozen" gekko...then warm temperatures came and it was gone back to regular "business" of eating ants and pill bugs. But, as you said, education is a more immediate need. I am not sure how much of a personality a bat has, but it's a distinct property aside from eat/shit/replicate manners of most lifeforms  Reanimate a frozen dog. If it is able to recognize its holder, and shows the same personality (like shitting in the same old spots), i would have to reconsider... Obviously, dog re-animation is not yet possible. If you can do it for a dog, you would 100% able to do it for a human (not much difference in basic biology there). However, there is no principal impossibility of memory preservation in a frozen state. Here is one experiment...please don't poo-poo little worms...they taught us a lot and, basically, show us they way to research on bigger organisms. https://www.dailymail.co.uk/sciencetech/article-3107805/Could-brains-stay-forever-young-Memories-survive-cryogenic-preservation-study-shows.html |
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Here is something I was pondering recently:
Let's say that in 10 years bitcoin would be very valuable and the WO long term members would age and would be at or contemplating either retirement or inheritance problems.
In my opinion, we should start preparing our next of kin on how to deal with forms of wealth, like bitcoin, with which most financial advisors are unfamiliar with.
M. Saylor makes an analogy between bitcoin and Manhattan's real estate.
What I am getting to is this: it seems silly to 'allow' your inheritors to convert inherited bitcoin to cash knowing that bitcoin is likely to be more valuable in the future.
Once the family 'loses' bitcoin, it is unlikely that they ever get it back.
Therefore, family education on bitcoin properties and understanding it's value will be very important going forward.
Additionally, there are two very well funded companies employing brilliant scientists (best money can fund) tasked with working on the "problem" of aging.
Apart from the "simple" life extension, Hal Finney, btw, flash-froze his body (or maybe just head, it is a bit cheaper).
Who knows, he might be coming back in 100-200 years.
While doing inheritance, maybe some ought to consider making similar arrangements and then have the legal mechanism in place to resume ownership (of at least part of the funds) if some re-animation would be possible in the future.
I think if you really consider to get your ass frozen and revived in the future, you will be kindy born again, but without personality. There is biochemistry involved, and afaik the process is stopped when you get frozen. So, there's Hal, revived, with cottage cheese in his mind, to a yet unknown extent. I am not sure if i would want that to happen to me. For me, YOLO is not only the motto of a questionable generation of growing-ups, but it's something i consider as literally true. Apart from that, i do and will teach my children that BTC is not the kind of investment it is usually compared to in the world of normal people. A way to independence. I will ask them each if they would sell their independence for money at some point in the future. Good thoughts you started there in my mind with this posting. I really don't want to press the frozen body issue, but I have no doubt that it would be possible, eventually. As an example, here is a vid of bats, apparently being frozen solid during our recent freeze and then re-animating. I don't think that their "personality" was affected, but i cannot really ask https://youtu.be/ckq8KCOdgzM?t=53Same for the gekkos in my backyard...I noted the location of a "frozen" gekko...then warm temperatures came and it was gone back to regular "business" of eating ants and pill bugs. But, as you said, education is a more immediate need. |
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Here is something I was pondering recently:
Let's say that in 10 years bitcoin would be very valuable and the WO long term members would age and would be at or contemplating either retirement or inheritance problems.
In my opinion, we should start preparing our next of kin on how to deal with forms of wealth, like bitcoin, with which most financial advisors are unfamiliar with.
M. Saylor makes an analogy between bitcoin and Manhattan's real estate.
What I am getting to is this: it seems silly to 'allow' your inheritors to convert inherited bitcoin to cash knowing that bitcoin is likely to be more valuable in the future.
Once the family 'loses' bitcoin, it is unlikely that they ever get it back.
Therefore, family education on bitcoin properties and understanding it's value will be very important going forward.
Additionally, there are two very well funded companies employing brilliant scientists (best money can fund) tasked with working on the "problem" of aging.
Apart from the "simple" life extension, Hal Finney, btw, flash-froze his body (or maybe just head, it is a bit cheaper).
Who knows, he might be coming back in 100-200 years.
While doing inheritance, maybe some ought to consider making similar arrangements and then have the legal mechanism in place to resume ownership (of at least part of the funds) if some re-animation would be possible in the future.
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@jjg...when someone says that something is 1000 times better than the other "thing", it does not mean that the price has to be 1000 times higher, though.
Gold is at 12.7tril ($12.7X1012).
1000X is a nonsensical number of 12.7 quadrillion with total world's wealth at "only" 463 trillion.
Sure, we can talk about prices and world's wealth being much higher in 100 years, but I prefer to focus on something more achievable for now-gold's market cap.
Only about 28X to achieve that, should be doable in, say, 6-7 years (by the top of the next cycle, not this one).
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Are we Bulls again?
always...long term <snip>
TMI, bro...haha |
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Ain’t it strange that the price is not falling despite the Genesis news?
Maybe this has something to do with it. https://www.bbc.com/news/technology-64338010Bankrupt crypto exchange FTX's new chief executive, John Ray, is looking into the possibility of reviving the platform.
He told the Wall Street Journal (WSJ) that he has set up a taskforce to explore restarting FTX.com to "recover more value" for people who lost money. Mr Ray is exploring the idea of resurrecting the platform instead of simply liquidating assets or selling the platform, according to the WSJ report. https://finance.yahoo.com/news/lithosphere-litho-blockchain-developer-plans-060000354.htmlSeattle, Washington--(Newsfile Corp. - January 19, 2023) - Lithosphere blockchain core developer KaJ Labs is willing to help Digital Currency Group (DCG) with its insolvency issues by extending a credit facility of $830 million. The food can become shit but shit can't become food. hmm..shit literally becomes food in some situations...ask any farmer. that said, I don't care about future of FTX one bit and so will other people with any residual memory of 2022 happenings. One additional comment: the field as a whole shot itself in the foot with hypefinancialization. It seems that almost no lending company left standing apart from small Nexo (so far) and maybe Galaxy Digital, which shriveled, but not died. It might be good for bitcoin in longer term, though. |
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Ecclesiastes 3:1-8For everything there is a season, and a time for every matter under heaven: a time to be born, and a time to die; a time to plant, and a time to pluck up what is planted; a time to kill, and a time to heal; a time to break down, and a time to build up; a time to weep, and a time to laugh; a time to mourn, and a time to dance; a time to throw away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; a time to seek, and a time to lose; a time to keep, and a time to throw away; a time to tear, and a time to sew; a time to keep silence, and a time to speak; a time to love, and a time to hate; a time for war, and a time for peace.
The Byrds - Turn! Turn! Turn! RIP Mr. David Crosby  thanks...checked that song and the tube provided dozens of links to other great oldies...and I thoroughly enjoyed them all. RIP, indeed. |
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... It wouldn't surprise me if the next month or two saw Bitcoin rally again to $25,000 over $30,000.
imho up to 40-50K is possible if we get very LOW inflation reading. |
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When Peter Thiel was selling in March, he was publicly saying that bitcoin could go up 100X (from then $44K). They all tout their positions when they sell.
Now, it is being widely reported that he sold.
What does that tell you...he is probably buying back and could get his position fully back and still have $1bil in booked profits.
Btw, didn't someone buy $4bil in btc futures recently?
Hehe
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Making money trading is VERY difficult, especially if someone is involved in short term trades.
Medium to longer term-you can try, but traders almost always sell longs too early and hold on to losing trades for too long, hence the losses.
It's basic human nature, which is very difficult to fight.
Another common situation is when a person buys a position, then rides it down a lot and then, when it finally starts going up, sells at a breakeven price, thinking "at least I did not have a loss".
However, it is exceedingly unlikely that the price trend would turn on a dime exactly at his/her buy point...but it always feels this way, ain't it?
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Straight 8 green weekly candles in Oct-Nov 2013 (from $143 to about $1200). Now, THAT was a pump (%-wise). Of course, with btc at about $400 bil mcap, I don't expect 700% in a few weeks |
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Too bad ChatGPT membership is now closed (who knows for how long).
At least, I have my WO 'membership' where I can partake in ChatGPT "funnies", albeit without an ability to ask for some myself.
BTW, it would make a perfect sense for some AI to make a play to accumulate bitcoin...just in case, lol.
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