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I'm not sure that's a concern, but a benefit. ETH spawned off as a better improvement of BTC. From there we got the entire DeFi system built... And from DeFi we had all sorts of newer things come along, from the first DAO to NFTs, etc. At the current rate of development, it's hard to predict...

The last I checked, PoW was causing 15 million per day in downward selling pressure. Once the merge happens, this will flip to 15 million upward pressure every 24 hours. There is a reason why hedge funds own so many CALLs @ the strike of 8K expiring in December this year. Note, the December...

You can make the same argument for PoW. It's no longer everyone using his own CPU or GPU. It's only done now by large conglomerates purchasing mass ASICS at discounts no one else can. Basically, decentralization of BTC has become centralized now. It's to the point that mining pools are dominated...

The great Keynes had a famous quote that explained that... which runs contrary to the EMH. I was part of this irrationality the month before the EIP 1559 update. Despite it was public knowledge the ethereum upgrade was going to happen in 30 days, ETH just kept selling off and tanking lower...

It was ok, but not so sure I'd bother re-reading it again down the road. The end of the book has a summary of bulleted statements, but there wasn't anything really eye-opening for me. Except, that despite all the risks and dangers of going SHORT, all but one of the traders in the book used...

Examining history, that's not bold at all, it's a fact that has never faltered. And BTC has gone through far, far, larger draw-downs than what 2022 has done so far. Every time it happens, the perma-bears all come out of the wood-work to make statements. Then they miss all the exponential gains...

Not sure why Forbes needs to play Captain Obvious here and tell us what was known years ago, but then again, some millennials and boomers can be pretty stupid when it comes to crypto so I guess there is a need for Forbes after all. I stayed the hell away from mining stocks, as even a newbie to...

One cardinal rule regarding BTC. No one, not even the worst market timer, has ever lost within a 3-year time-span. Even the worst BTC investor, who has ONLY bought in at the very top every time he has invested, has always come out positive after any 3-year timeline. If BTC / ETH is below this...

I finished reading Schwager's Stock Market Wizards book. Now I am trying to finish Niederhoffer's last book:

I should have gone with my common-sense and shorted this long ago. I could never understand then (nor now) why the fuck a stupid treadmill company had such ridiculous evaluations and was jacking up like a utility company that just installed the world's first fusion reactor. Who the FUCK bought...

Going into round #2 of this. Back in 2018, Kraken laid off a shitload of people I knew out in BC. But this is kinda common sense, after the boom, comes the BUST. And crypto busted out bigtime in 2018. Around October last year, I was being contacted by numerous crypto head-hunters, including...

I'm not so sure the death of centralized banks is on the horizon just yet, so I bought 1K shares of BMO this morning. PE is great... dividend payout is very sustainable. I will still hold onto my crypto and hence be hedged both ways :) Seems Goldman Sachs keeps pouring more support into crypto...

Don't you hit massive fines/penalties/slashing if your machine goes down? This is why I don't bother with running a Dot node. Not worth getting slashed just to help out the system. That said, I still am confused on instant BTC payment. There is a 10-minute blocktime wait. So if someone is...

I'm not fully sure how it works in places like Brazil. Do you still have to wait around 10-minutes for a BTC transaction just to see if it's verified on the chain, or does the government have some sort of 3rd-party wallet that speeds the thing up?

Yup, that's the stupid part. US government doesn't allow BTC to be used as a currency. So every fucking little transaction you do, you have to do tax calculations and adjusted cost basis bullshit. At least in Germany you don't pay taxes on crypto. Though I'm not sure if that's only after you...

The problem, is most Westerners are going to cringe at the thought of spending BTC on fast-food. If they haven't paper-handed out already, then they are die-hard HODLers.

Tuff question. We know that DeFi is here to stay and continues to build at unprecedented rates. One saying is that we are still early, therefore buy up lots of ETH. HOWEVER, this implies that the expected value of ETH is to go UP in value, kinda like how most people in the real world grow up...

Oh, some of them have their back-stabbing shenanigans in order to survive :) Ok, well Lehman maybe failed- but that's another scenario.

Yup, Amazon also posted the same thing. Hired too many people, need to let them go, as well as many other companies. Enjoy the recession all :) My goal, is to get a job at a thrift-shop asap thus ensuring my job is secure during this up-coming shit-show.

Everything Kwon touches turns into utter loss & ruin for (investors/gamblers). He's got the opposite of the Midas Touch. *edit* Too bad we can't just send him off to the Kremlin to run their banking system.