Search found 310 matches

by Jack Jones
Mon Oct 25, 2021 10:50 am
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 50
Views: 3719

Re: Gold outflows, bitcoin inflows

I think what this shows is that some people are willing to comment on topics and make definitive conclusions about something without actually having done any research into the subject matter. I believe everyone is entitled to their personal opinions but when it comes to facts, it would help to take...
by Jack Jones
Wed Oct 20, 2021 5:38 pm
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 50
Views: 3719

Re: Gold outflows, bitcoin inflows

Physical gold can be both/either anonymous and private, bitcoin isn't private, every transaction is visible in the blockchain (the distributed electronic public ledger). In certain situations the privacy of tangible can be extremely valuable. Ever try to fly to another country with gold on your per...
by Jack Jones
Wed Oct 20, 2021 2:56 pm
Forum: Variable Portfolio Discussion
Topic: China Bans Cryptocurrency Transactions
Replies: 77
Views: 2812

Re: China Bans Cryptocurrency Transactions

Old head, gold bug, sound money advocate, Ron Paul supporter, Larry Lepard discusses gold, bitcoin, and the deflationary utopia that awaits. https://talesfromthecrypt.libsyn.com/277-slowly-getting-bitcoin-why-gold-is-already-demonetized-and-the-virtue-of-bitcoin-with-larry-lepard I wish podcasts ha...
by Jack Jones
Wed Oct 20, 2021 8:27 am
Forum: Variable Portfolio Discussion
Topic: China Bans Cryptocurrency Transactions
Replies: 77
Views: 2812

Re: China Bans Cryptocurrency Transactions

Old head, gold bug, sound money advocate, Ron Paul supporter, Larry Lepard discusses gold, bitcoin, and the deflationary utopia that awaits.

https://talesfromthecrypt.libsyn.com/27 ... rry-lepard
by Jack Jones
Tue Oct 19, 2021 2:22 pm
Forum: Variable Portfolio Discussion
Topic: China Bans Cryptocurrency Transactions
Replies: 77
Views: 2812

Re: China Bans Cryptocurrency Transactions

Beyond that level, self interest can lead to bad outcomes. My example would be the years leading up to 2008. Alan Greenspan, being a student of Ayn Rand, was a huge believer in the invisible hand. Then when the mortgage lenders, borrowers, Wall Street banks, appraisers, and every other invested par...
by Jack Jones
Wed Oct 13, 2021 10:40 am
Forum: Variable Portfolio Discussion
Topic: China Bans Cryptocurrency Transactions
Replies: 77
Views: 2812

Re: China Bans Cryptocurrency Transactions

bitcoininthevp wrote:
Thu Oct 07, 2021 8:46 am
I suppose all we need is those non-corrupt good guy governments (central banks) that stay good indefinitely and then the money would be good?
https://markets.businessinsider.com/new ... 21-09?op=1
by Jack Jones
Thu Sep 30, 2021 9:07 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

Jack Jones wrote:
Fri Aug 27, 2021 10:29 am
Jack Jones wrote:
Tue Jul 27, 2021 3:11 pm
Stocks: 25%
Bonds: 20%
Gold: 20%
Cash: 20%
Bitcoin: 15%
I created a portfolio on Yahoo Finance to track this. +4.17% since thread inception. BTC-USD has risen 22% since then.
-0.04% since inception. Bitcoin has been the only positive asset at +9%.
by Jack Jones
Tue Sep 28, 2021 10:19 am
Forum: Variable Portfolio Discussion
Topic: China Bans Cryptocurrency Transactions
Replies: 77
Views: 2812

Re: China Bans Cryptocurrency Transactions

glennds wrote:
Sat Sep 25, 2021 12:25 pm
I totally agree with you Kbg that government regulation is a major risk to crypto.
Is government regulation a major risk to gold? Why is it different?
by Jack Jones
Fri Sep 03, 2021 12:42 pm
Forum: Other Discussions
Topic: Daniel Amerman
Replies: 6
Views: 4762

Re: Daniel Amerman

The United States government has effectively addicted the nation and the economy to a steady feed of fantastic sums of money that the government doesn't actually have available to spend. The funding for the monthly child tax credit payments, the enhanced unemployment checks and much of the massive ...
by Jack Jones
Thu Sep 02, 2021 12:41 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

They do seem to prefer that, but I think its more of a play to the narrative than an actually rational position. I feel comfortable making this claim as it simply reflects user behavior: most people keep their coins on custodial exchanges, from a code perspective UASF doesn't make much sense, and t...
by Jack Jones
Fri Aug 27, 2021 10:29 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

Jack Jones wrote:
Tue Jul 27, 2021 3:11 pm
Stocks: 25%
Bonds: 20%
Gold: 20%
Cash: 20%
Bitcoin: 15%
I created a portfolio on Yahoo Finance to track this. +4.17% since thread inception. BTC-USD has risen 22% since then.
by Jack Jones
Fri Aug 27, 2021 5:01 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

If/when the value rises, so also does the intent/desire to steal high value. IMO the thieves will always remain one step ahead at finding exploits (as they do with Browsers) and present day $600M type thefts/hacks out of the bit coin algorithm would simply scale. At the $21Tn value you suggest the ...
by Jack Jones
Thu Aug 26, 2021 11:13 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

I would add another book reference here: The Sovereign Individual: Mastering the Transition to the Information Age https://www.amazon.com/The-Sovereign-Individual-audiobook/dp/B07TWNP9NB/ref=sr_1_1?dchild=1&keywords=sovereign+individual&qid=1629897656&sr=8-1&x=0&y=0 Thanks I'll pick it up. And glad...
by Jack Jones
Thu Aug 26, 2021 11:05 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

The present popularity is a consequence of speculation, <1% of corporate assets type allocations that could increase 10-fold, might fail. A penny stock 'low correlation' type bet. Price/value discovery that mid to longer term will disappoint but see considerable volatility along the way. There are ...
by Jack Jones
Tue Aug 10, 2021 1:08 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

First of all, why is she--or anyone--entitled to a positive real rate of interest on their savings? I'm saying that the money should just work. You get paid, you put it in the bank, you're good. If you want to take additional risk, you can invest it. Instead we have made it a policy to erode the pe...
by Jack Jones
Tue Aug 10, 2021 11:55 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

vincent_c wrote:
Fri Aug 06, 2021 11:35 am
Have tulips been a good store of value after it’s speculative bubble bursted? I’m too young and not a gardener to know anything about tulips.
Tulips and beanie babies are not a good store of value because if their value rises, people produce more of them, driving the value down.
by Jack Jones
Tue Aug 10, 2021 11:13 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

In Ayn Rand's Atlas Shrugged, the most productive members of society grow tired of carrying the yoke. The value of their productive effort is increasingly drained by cronies in Washington. They awaken to the fact that they are responsible for keeping this anti-life system going. They realize it is ...
by Jack Jones
Tue Aug 10, 2021 10:53 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

Wages over the long term typically at least keep up with inflation which they indeed mostly have; check out the AWI from Social Security or AHEPTI from the Federal Reserve Data (FRED) website and compare it to CPI. Ideally they would also keep up with economywide productivity growth above and beyon...
by Jack Jones
Fri Aug 06, 2021 9:59 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

What can you use it for besides selling it to someone else? I've wondered this for a long time. Yeah it's mostly just for exchanging goods, like paper money. You can also set up governance structures where proof of ownership of a coin that is "colored" in some way, gives you a vote in the organizat...
by Jack Jones
Thu Aug 05, 2021 4:07 pm
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

Bitcoin is e-gold. It's in people's interest to hold it over fiat currency because it will not be inflated, and inflation is bad for the people. Jack, Good rebuttal. I liked it. I'm glad you enjoyed it. I've appreciated your posts because they reflect a skeptical mind. I've been interested in Bitco...
by Jack Jones
Thu Aug 05, 2021 1:34 pm
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

I just don't see how "anonymity" and "technology that immutably and forever keeps a complete record of all transactions ever" go together at all. Anonymity is unfortunately not baked into Bitcoin and will probably never be. However, my previous example showed how one could own Bitcoin anonymously. ...
by Jack Jones
Thu Aug 05, 2021 12:58 pm
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

What's the purpose of anonymity? What does it get me that is tangible and useful if I'm not hiding something? Well, we are hiding something. I contribute to this forum anonymously because I don't want you guys coming for my gold and bitcoin. Why is it REALLY in my best interest to use a crytpo-curr...
by Jack Jones
Thu Aug 05, 2021 10:57 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

In terms of regulatory issues, I think Bitcoin has been majorly de-risked in the past few years. It's being financialized, there are publicly traded companies, a question on page one of the 1040, SEC statements. Bitcoin mining operations are setting up here because things are so stable and predicta...
by Jack Jones
Thu Aug 05, 2021 8:37 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 163
Views: 7246

Re: BTC in the PP

Jack, what do you think bitcoin’s total addressable market is and where do you think adoption is right now and during the next bear market? I think there's a chance that it eats up gold's market cap because it is more rare and easier to store/transport. And a lesser but non-zero chance that it beco...
by Jack Jones
Thu Aug 05, 2021 5:58 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 1988

Re: Bitcoin is Galt's Gulch

If you create a new wallet and I send you some Bitcoin, nobody but me knows that you own that Bitcoin. If you acquire your Bitcoin through an exchange w/ KYC requirements, that's another story. Yeah, you are talking to a crypto illiterate. I mean, I understand the concepts of what you just wrote, b...