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Guys, I have to announce a linguistic advancement.
My GF just had a (not uncommon) flash of poetic brilliance and coined a new term.
Let me set this up; many here have expressed a certain wistful regret at not taking some profits near the last ATH. The principle in effect seems to be that our fear of missing out on ridiculously obscene (add suplerltaive adjectives here to your hearts content) profits prevented us from taking just amazing profits.
This shall henceforth be termed FOMODL.
You heard it here first.
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that you have not discovered darkreader yet?
Holy hand grenade of Antioch thankyou for sharing that. My life is forever changed. no problem, somebody here turned me on to it it shits the bed every so often but you just go into addons and toggle it off and back on and it picks back up |
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So... what do y'all learn from this?  that you have not discovered darkreader yet? stop assaulting my retinas with your photons man |
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Would be quite strange if Bitcoin were to go shooting up, while the rest of the world burns,
Yeah... I dunno about that. All that newly-printed money has to go somewhere. I mean, sure. All those pinstriped-bandit insiders that get the sweetheart deal financializing everyone else's misery don't currently have a hard-on for Bitcoin. But when they see P/E ratios trending towards infinity? They'll be looking around for somewhere else to park their stolen riches. Bitcoin is as good as it gets from an honest analysis. ... this. I think PlanB and the phase change S2FX model is interesting but swerves heavily into behaviourial economics which becomes quite subjective/speculative. Also I think the orders of magnitude are off. Currently bitcoin 'capitalisation' is around the USD100-200 billion range, and due to bitcoin's unique programmable properties it makes it difficult to put that valuation into a neat M0, M1, M2 type money supply classification of economics anyway. A 'phase change' to the next level at maybe 10-20x current capitalisations is not going leave bitcoin anywhere near 'geopolitical force' level, even at a peak. However, the next level could easily attract a lot of the "stolen riches" that have been printed up to paper over the graft, malfeasance and theft from our hyper-financialised fiat-debt crony-socialist system. The stolen riches are of the order USD10-20 trillion by my crude estimates. Bitcoin going to USD2-3 trillion capitalisation in the next phase change would definitely vacuum up a chunk of some of the stolen riches but I don't see any geopolitical asset allocations (central banks, treasuries, national wealth funds, etc) at this phase. Contrary to many speculations about coming hyperinflations in fiat-denominated economies I don't think we will see widespread hyperinflation. Why haven't we seen any CPI inflation the previous 3 decades in Japan and the last 15 years in the West? The system is finely tuned now to cause only inflation in financial assets not consumer goods. Subsequently all the monetary 'fixes' are now being manifest as economic problems; stagnation, low wages, middle class hollowed out, historic wealth inequalities, etc. All the money that gets printed only goes to the top 0.1% that had all the money in the first place, it's like a shitcoin staking bonus system or something. So my point here is the M0 for the world of around $100 trillion base money is not representative of the total monetised assets in the world since many financial assets, property, commodities and derivatives have become monetised as the asset-holding classes try to escape fiat debasement over the last 50 years. The monetary premium now built into those dollar-denominated assets needs to be added to the $100 trillion of global M0 to get a true 'geopolitical' M* measure (order of magnitude) for the final phase change that PlanB talks about. I'd guess that's in the USD200-500 trillion magnitude. I don't see bitcoin capturing a significant chunk of that monetary float capital until after the 2024 halvening or the one after that at the earliest. Imperial systems take time to collapse. After the upcoming stolen riches phase change taking us to $1-2 trillion market cap range there is also the consideration that a bloc of 'rebel' nations may defect the fiat-debt system at an earlier phase change to the majority, creating an interim 'geopolitical subwave' phase. Before the majority of nations move to a bitcoin standard, say China, Russia, Iran, N.Korea, Venezuela, Zimbabwe and other rekt systems by default move to bitcoin majorly in 2024-25, creating a market cap. of USD10-20 trillion range is then a possibility. After that, then the major economies begin to defect to bitcoin in a major move beginning 2028-30 taking bitcoin into the USD50-100 trillion range, but the value of the dollar will be becoming immeasurably meaningless by that stage. post of the month contender right here |
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ahh, good old bobby tables
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I always wanted to change my legal name to Not Applicable
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"you can always tell someone to go to hell tomorrow"
goddamn ... so simple, yet...
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3 trillion here, 3 trillion there
pretty soon...something something
profit?
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Nice setup.
not bad for a 10 year old platform, lol, still gets the frames in the games I play, even at 5760x1080 but yeah, I think your sked for a new build is about right, hopefully by then we will have the GPU horsepower for 3@4K with good frames |
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whelp...time for the bi-weekly away mission, not looking forward to this
I hope the fucking truck starts
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my early i7 still kicking ass after all these years.
Lots of other upgrades and re-upgrades latest was a 1040ti I think.
SSD etc. no real need to spend the silly money for newer components right now (or the money)
oh totally, I have yet to see a compelling reason to move off my hotrodded X58 setup; 48G of RAM, nvme boot drive, 1080ti, it does what I need |
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My last AMD CPU was an Athlon XP 2400. Since then, it's always been Intel for me. Currently on an i7 8700.
Time to switch?
Ryzen has been absolutely cleaning Intel's clock for like 2 years now...no comparison really. Intel is just running on momentum, slow to adapt enterprise customers and those who don't do research before buying. |
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I truly believe that if we had sound money there would be very few disposable products in the economy.
You don't spend deflationary money on crap.
Throw away money->throw away economy->throw away culture.
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... but treehuggers and such arent really known for thinking things through.
and other humans are known for thinking things through? |
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jesus...not David Icke again
you know this was the lizard overlord guy right?
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I doubt that a Giant Hornet can leave its hormone scent on a 200MPH swing from a Tennis Racket  . Althrough i would not advise you to fight a Giant Hornet nest with a Tennis Racket tho  no, but they can rip the head off every soldier in another species hive without losing a single individual they weren't sure what was going on at first because there are no casualties among the hornets so no bodies in the destroyed hives. bees kind of important to our food chain yo, it's not about a couple goddamn humans getting stung |
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Reasonable: If you don't know what you're doing don't do it. I converted about 10% of my retirement holdings to mutual funds/cash on Thursday. Logic being I was 100% into stocks and bonds, and I wanted to have some cash either to tide me through if jobs and such blew up or to buy dips in the market. Market has come back way too much right now, so a good time to sell. Took most of that from real estate as I can't see why anyone would have an office anymore since remote work is going so damn well.... That plus some bitcoin proceeds and such should keep me running for about 5 years without worry. The other 90% I'll leave as is because I really don't need it. A lot is in overseas funds because I think they will recover sooner than the retards in the US. Will check back in 5 years or so. Weird times. Wonder what will be next. Haven't you heard? The asteroid (or has it already flown by?) murder hornets (no, really) |
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