I know you're kidding but there are some real big problems that both crypto and gambling losses will cause
spiking the football on joining a discord server as dispositive of anything is like a walking talking holiday inn express commercial
i just want to point out if libertarians are .07% of people but 44% of crypto or in another study I saw ~36% (combining ancaps w/libertarians obviously) that's a wild sorting for something that isn't ideologically oriented towards it
Of course you post a picture of her being a white girl as some sort of gotcha compared to your "1000 of hours of research" Please feel free to post the timeline of what she's been up to since like 2017. It's just a few scrolls down. Honestly wasn't even pegging you as a libertarian was just getting the inkling you were a dunce falling for the grift and being too obtuse to admit or see it. But you're kind of putting yourself in a corner with this. Nevermind she's been writing about technology/politics/crypto for like half a decade, she's a white woman so she was probably just a minority hire doing a woke mob jig for the liberal media sheeple
reminder that the first two authors Lyrtch linked have both been writing articles about crypto and politics before whammy began his crypto exile training in order to become the blockchain grand wizard we now know today. but yea gawker journalists with 10 hours of research and such. I don't even like Lyrtch
i just want to point out there are only 3000 gutter cats but only 1 with green fur and green laser eyes gang gang
Go ahead and compare gold’s monetary properties to btc. I have zero interest in the industrial use part of it, so skip that. I’ll wait for the comparison.
What is “short term thinking” for $1000. Y’all think I gave a single fuck about the volatility, but I don’t. Buy a stable coin if you want stability. I’ll hold the asset monetizing from $0 to $1 trillion (and yes back below that). Something monetizing like this will not go up and to the right in a straight line.
I’ve lost a few thousand holding btc and eth after being up a few thousand. I’m just going to let them sit there to either go to $0 or get back to where I originally invested in however many years that takes. Investing only what you’re willing to lose can be hard with fomo but definitely nice when something like this occurs. Pretty small loss compared to my other brokerage accounts and 401k this year, but I have more confidence in their bounce back obviously.
I still don’t understand why I’m supposed to care about the ideological underpinnings of one’s investment thesis or why being ideologically correct/how one self identifies politically is more important than the financial outcome? Is the primary concern this seemingly tenuous libertarian to fascist pipeline someone observed from a handful of people? A lot of energy trying to prove correlation, not being glib, why should I care? To be clear, I’m sympathetic to some of the ideological arguments crypto/BTC maxis make, but not enough to invest solely on political ideology alone. I’m speculating on BTC emerging as a better alternative SOV, that to some may or may not address flaws in our current financial system (I really don’t care if it does or does not)… and the underlying technology finding mainstream adoption (regardless if the current use cases presented prove to be accurate).
Clearly, but I could be persuaded to and with the vigor some of you are debating this you’d think there was something very important at stake beyond our own money.
I don't totally understand why so many crypto people deny it or get defensive really. As a speculator there's no reason really to care except you can likely always get out before the true believers.
I don't think you have to care it, I just became aghast at some of the stupidity I was sifting through and got annoyed.
The first post itt btc was at $915. Hell of an exponential growth scam. At a minimum, i place high odds that it captures gold’s $5T store of value market cap. Everything before that happens is noise.
Definitely wouldn't say high odds, but this is kind of the point of speculation right? When BTC crashed through $50k and you see that every single large financial institution is launching crypto departments, it was very easy to buy into the hype. I've always felt that the newish retail crypto investors (like me) are quick to sell off crypto to pay off stock losses, so there has been a stronger than historical correlation between BTC and something like QQQ. So now here we are, inflation showing signs of not peaking, techs down 30% ytd, bear market, fear, etc...definitely the easiest thing to eject from is crypto. It's going to get crushed and the scammy parts of the sector are (hopefully) going to get annihilated, not excluding some exchanges. I still think if BTC survives whatever is coming from the economy in the next xx months though...as soon as the bull signs emerge, and the WSB crowd fires back up Robinhood or whatever shitty app takes it's place, crypto will again have a run.
I always kinda liked the use cases that were more power to the people oriented or promoted really good traceability on things like crops (doesn’t need blockchain it turns out), but it’s mostly been captured by shitty people doing shitty things. Maybe not all but enough to make anyone who isn’t a piece of shit take pause Garlicoin is my last remaining investment and the last beacon of hope for the space But yeah. If you don’t think it’s dead, accumulate down here slowly. I joked about Theta being the perfect buy at $1 when it was like $10. Well it was a few hours ago. Set up a passive validator for a grand when Sony was paying 10k for them a year ago. I mean… you’re just getting paid to offset company overhead, and as far as I can tell, it’s just helping streaming speed not harming normal people so…
I’ve had a long day. I think I may have implied that I’m gambling here. Absolutely not. Let’s see the macro not look like dogshit first thx
If I thought it was 70% to go to $0 and 30% to go to $250k, then my current fair price is $75k. And the total addressable market for btc is in the hundreds of trillions, not $5T. I’ll buy with my eyes closed at these levels.
You really don't have to be an incredulous jackass about everything. Here's the rough store of value use case market in trillions: gold 13, art 17, real estate 228, stocks 95, negative yielding bonds 18, low yielding bonds 230, cars/collectibles 5. So yes "hundreds of trillions" in addressable market purely as a store of value. This doesn't include the ~$100T in global M2 money for the currency use case. How much of that will btc capture? $5t? $10t? $50t? I tend to think 5 is on the low end and that the odds of that happening are above 30%. Not exactly a complicated valuation model.
libertarian, facism, scam, ponzi, carbon emissions, too volatile, wastes energy, backed by nothing, pyramid scheme, used by criminals.....drink til death. The above covers 99.9% of everything you and your ilk have contributed to this thread. And yet.
My comment on this.... the country everyone champions as the BTC leading country is literally governed by a fascist.
Im not a libertarian. Center left who votes Dem. But that journalist is unemployed dude and her resume does not impress me at all. I don’t know what you’re trying to get at by mentioning minorities. It’s just comical that people idolize know-nothings
I mean, unironically it is relative to the people you’re reading and lol at “joining a discord server.” Being immersed in a topic / sub-culture for over a year would put me in the top .01% of an opposition media personality writing on crypto. And that’s not me beating my chest - there are many people in here who would be more qualified to opine on the topic, but more speaks to the quality of opposition discourse. The article linked by that girl had a statistic leading to a dead link. You ought to be able to make your own conclusions if the blinders come off for just a moment.
Got it - I think if you read the article, it mostly lines up with the below First couple paragraph of the article explicitly states the guys "that have been around awhile" are closet libertarians which is essentially the above. The people quoted like Nic Carter (BTC maxi) absolutely meet that definition. The last few years have seen a rise of speculators and tradfi folks trying to build infrastructure and payment rails and aren't really beholden to the libertarian / "hard money" concepts like the OG's are. It's a subtle, but important difference. Bitcoin is explicitly libertarian and political, mostly not in the rest of crypto with some exceptions.
i'm confused at what you've been whinging about the last two days then if you admit BTC (and to a degree the rest of crypto) use libertarian ideology as selling points and as foundational principles if you're just quibbling that defi space x doesn't really fit that way it's oddly pedantic
I'm explicitly disagreeing with what you wrote in the bold and that's why frustration is coming through in these discussions because it just reflects some unfamiliarity with the industry. It's not quibbling or pedantic, its a big major distinction. BTC, while the biggest individual coin, is a minority of crypto from pretty much any way you slice it. VC money, developers and development activity, headcount at crypto research firms, trading desks, transplants from tradfi and the art world, are mostly going into non-BTC aspects of crypto whether that's: 1. DeFi 2. Stablecoin issuers 3. NFT's 4. Gaming 5. Other more nascent spaces that may take off 6. Payments Majority of the energy in the space is not around Bitcoin or libertarianism IMO. I think we agree there are elements of the ideology present, but again it's mostly the OG's and mostly Bitcoiners. Not the new entrants that comprise the majority of the space now.
Like crypto is just a piece of tech, Bitcoin paved the way but the cryptographic foundation is being expanded into all kinds of verticals. The early internet was similarly counter-culture before entering the mainstream.
Then you both missed the point. If I have $1b in real estate, I’m rich regardless of whether I sell it for “profit,” especially if it increases in value on a long time horizon and I can borrow against it. If I have $1b in stocks, even paying zero dividends, I am likewise rich regardless of whether I sell it for profit. Wealthy people have assets. They don’t sell their assets, realize tax gains, and sit on their depreciating dollar “profits.” This is not some btc insight: “our favorite holding period is forever.” Buffett
the point is the entire blockchain ethos is libertarian in nature, so anything on top of that is still based in libertarian ideology, its an anarcho capitalist project also basically every argument about the benefits of crypto and problems it addresses are framed from a libertarian standpoint. this is why i asked you to lay out your case. it's very very simple
Lyrtch I dont know how to say it anymore clearly, you got your head in the sand on this one. Further, you have no basis of knowledge from which to dispute! Just a handful of articles that don’t even say the thing you’re stating. I’d say you were trolling if I didn’t know better, crypto has become the the bogeyman for you
With real estate you almost never have to pay taxes or realize gains as I think you know it’s just a disingenuous argument also yeah you can borrow based on btc but why would anyone do that when it could drop in value by 50% in a month