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I would put it a little differently but I think the gist of this is right. For now crypto seems to think it can just thumb its nose at things like know your customer requirements. Long term this will not be accepted. They're not going to say, it's okay for you to facilitate transfers to...

IMO, IBKR dividend data sucks. I wish they would focus on getting basic things like this right rather than ESG nonsense. I know the are things in my portfolio where reported data is incorrect.

There is a major financial crisis in European banks. The 10 biggest banks in Europe are trading at less than 1 for a price to book ratio. These banks are also members or stock exchanges, commodities exchanges, bond dealers, etc. They can't let them fail because it would create major problems...

Still an almost 20% premium on a 100 oz bar. It seems like there would be a lot of money to be made buying on Comex, taking delivery, and chopping up the bars.

Next you're going to ask if I think I'm smarter than Issac Newton... https://royalsocietypublishing.org/doi/10.1098/rsnr.2018.0018

Oh no someone on the internet called me scared! But if we put aside your emotional projection for a moment.... Having a futures contract and getting paid on the contract are two different things...

Overcome by events. The big deal with quantum computing, is that you can solve mathematical problems using a superposition of states, not just a definitive 1 or 0 state. For problems within the size of the computer, that means that you can try setting all bits except one to superposition of...

Do you even know what a cryptographic hash function is? It's simply a math problem that is easy to solved forwards and hard to solve backwards. In the case of Bitcoin, your starting with an expected result from the hash function, and you're trying to find the corresponding data to generate that...

Call it unhashed plaintext corresponding to a known hash result if you want to get really persnickety. The end result is that more and more "proof of work" results in less an less Bitcoin over time. It's one of the more interesting features of Bitcoin.

You're offended. So what? Get over yourself. We're just having a lively discussion. As for getting short, read "The Big Short". Bury figured out not just that a crash was going to happen but also when. It was absolutely brilliant, but he still almost lost because they rigged the game against...

Call it "mining" if that makes you feel hip. The fact is that every year it will require more and more effort to but fewer and fewer bitcoins in circulation. The whole time people will be losing their keys, just like they do with any other key.

Yes. Deflationary to itself. There are a fixed number of possible bitcoins, but every year crypto keys will be lost and some fraction goes out of circulation. There is a counteracting force while new keys are discovered, but in the long term Bitcoin has to go deflationary. It's the basic...

They have to. Bitcoin by design is deflationary.

It's interesting to note that you have not pointed out a single factual inaccuracy, but instead have resorted to ad-hominems. As neat as Bitcoin may be, I think it's doomed to be the Netscape Navigator of the crypto world.

Because no one else would care about price stability? Really? Having a reasonably stable currency to price things matters everywhere. [/QUOT Adoption in parts of Africa and indeed South Africa is ahead of the curve. I expect it is extremely useful for corrupt officials. Then there is...

But is it an asset or a currency? Bitcoin lovers talk about it replacing USD, but imagine if you had taken out a 30 year mortgage denominated in Bitcoin 10 years ago and now you have to pay it back....You'd be bankrupt. Bitcoin is garbage for real people who want to engage in sane, everyday...

I'd say it's more not being a chump. Citadel directly pays retail brokers for "order flow" and then somehow is constantly on the winning side of their trades? Nothing suspicious about that at all. (Eyeroll) Maybe the SEC is still busy investigating Corzine and how all that money "went...

The entire premise behind this article seems flawed to me: 1) It only discusses prices in a static fashion. Prices are always moving. 2) It seems to place any extremely out-sized importance on getting an immediate fill for people making long term investments. Those people have patience. It's...

One of the fun things is that there are no circuit breakers. No market holidays. It can plummet to zero nearly instantly. But don't worry banks are going to start handing out 30 year mortgages denominated in Bitcoin because the current set of bag holders on the internet want to get rich. Who...

If it reaches 1 million and then crashes down to nothing what good is that going to do you? Did you cash out at $50k? But you're going to perfectly time the market this time? It's kind of important to think about not just could X hit price Y, but also, could it conceivably maintain that price...