Search results

I know you're a smart and rich finance guy, but I'm curious to ask what it is that you don't like about bitcoin. Of course when it comes to crypto in general, it looks like a ponzi scheme, and many coins and blockchains are, but lets specifically focus on bitcoin. The fact that the government...

I keep very current on the red pill community so I see these sorts of stats all the time, but clearly I'm putting more work into trading! ;) I saw your messages from years ago in the divorce thread and I instantly knew that you're quite wise...

Perfect, this is what we want, that it can't change. Many things are being upgraded to be honest, and the only type that I think are worthy is along the lines of cost per transaction and security. Other blockchains can be good for doing everything else. Lets face it, bitcoin only has to be...

I don't follow your math but its ok since I'm sure your intent is to make fun of it.

And more specifically, interest rates are an interesting thing. We have no idea what a proper interest rate should be because the price of money today is all messed up. When the governments sets the rates at random, and they print unlimited money, what is the value of dollars or an interest...

The market will have to come to some sort of balance. Right now, bitcoin is still inflationary since new coins are added every 10 minutes. The government can either use their resources to mine it, or use taxes to collect it. Jeff Booth has an excellent book called The Price of Tomorrow. The...

This man speaks the truth. Never let your woman see you're down or unsure about anything. All this bullshit these days encouraging men to show their sensitive side is leading them to the slaughterhouse. If you ask your women for support and understanding, all you're telling her is that she...

Yes, this is a very insightful analysis. I remember when you made a comment about how these companies can offer such crazy yields, and your answer made sense then, as it does now. You said the banking sector steals all of these profits, or something like this. When you look at all the...

Good question. I think for the foreseeable future, governments will be issuing their own currency. But what is to stop them from printing too much? The current peg for them seems to be inflation. They printed and printed for years and the inflation seemed to be ok, so they kept doing it...

Great, lets just focus on the content. You said "Instantaneous unrevocable transfers are great if you're a heroin dealer or kidnapper, not so much if you're just a run of the mill person trying to accomplish a normal financial transaction." Your entire thesis for why blockchain is bad is...

I agree that out of this, a stronger crypto market will be born, but I'm not sure I understand your rationale. An exchange shouldn't lose anything just because a person decides to take their coins into cold storage. Perhaps you mean the defi projects where people are earning yield? If this...

I feel like having a "like" button without a corresponding "dislike" button is detrimental to not only free speech, but also as a good gauge for figuring out the value of a post and also value of the poster. We know Facebook and other crap social media sites just try and increase viewership...

Although you are right that name calling goes nowhere, when the guy said "I'm an engineer", he essentially is saying "you have to listen to me". And I'm not exactly sure who gives him this high authority. I see lot of buildings and bridges collapse.... I wonder if those engineers were somehow...

Completely false. With fiat money, you need someone to initiate the transfer. Its not automatic. You can even go to court, have assets freeze, etc. I suppose if you try and set up some sort of escrow service, with clearly outlined rules about what goes into the contract, and both parties...

You totally missed what I was saying. There isn't an unlimited buyer for bitcoin, hence the price has to drop to a level at which any buying is sufficient to cover all the selling. The buying is only from regular retail or institutions. US treasuries and bonds on the other hand has a buyer...

Exactly right. Everyone is beating up on crypto but doesn't anyone consider how insolvent the government is? And how long it has been so? Imagine if you could have put a floor under the BTC price of 30k with an unlimited buyer scooping up every satoshi that was offered at a lower price. It...

Now its $1.20. I wonder if this is a sign that something positive is going to happen here. There must be a reason why its up 6x.

We the people really have the power eh? What majority of people voted for this wealth distribution? https://wolfstreet.com/2022/04/03/my-wealth-disparity-monitor-of-the-feds-money-printer-era-holy-moly-april-update-of-the-greatest-economic-injustice-in-recent-history/ Which politicians...

LOL.... And you really think they have your best interest at heart? We wouldn't need bitcoin if the government truly worked for the people. The government keeps pushing for inflation, which is stealing your money. They only cater to the elites because they know that they can enrich...

This for sure makes a difference. I also trade the NQ, and that is much thinner, and hence why price tends to overshoot levels more. And when trading the micro contracts on both ES and NQ, that is thinner still, and it definitely overshoots levels as well. For example, price in ES can stop at...