Search found 525 matches

by Jack Jones
Tue Apr 09, 2024 4:36 am
Forum: Politics
Topic: Taxes
Replies: 5
Views: 160

Taxes

Hi, Welcome to the United States of America. You're free here, but you'll need some money. Go get a job. ...Two weeks go by. Here's your pay, but you only get half of it because you gotta do your part. (I thought I just did my part?) Okay, you're ready to use some of your hard earned money to buy so...
by Jack Jones
Fri Apr 05, 2024 1:51 pm
Forum: Permanent Portfolio Discussion
Topic: Investments Versus Liquidity
Replies: 3
Views: 280

Investments Versus Liquidity

Lets consider investments to be money we give to other people in the hope that it grows, and liquidity to be the money we set aside to ensure we can meet our day to day obligations “whatever the future brings”. From this lens, stocks are investments and bonds, cash, and gold are about liquidity, rig...
by Jack Jones
Wed Apr 03, 2024 3:10 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

Thus, a Bitcoin Standard, just like gold standard, would be actually a Bitcoin Certificate Standard, or a Claims on Bitcoin Standard (perhaps it didn't fit on the book's cover), but even more so. In practice, almost all bitcoin would be held in a few secure facilities that would be either controlle...
by Jack Jones
Thu Mar 28, 2024 8:49 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

Does it contain anything that already wasn't included within Moldbug's article that started the whole "Bitcoin as a store of value" argument? I didn't know the name Moldbug until you just mentioned it. Is it this article? https://www.unqualified-reservations.org/2013/04/bitcoin-is-money-b...
by Jack Jones
Sun Mar 24, 2024 6:38 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

The price is all about the demand. This would only be true if the liquid supply was only provided by the miners. One could argue that below a certain price the newly mined bitcoin could become insignificant relative to net inflows. Price is set on the margins so I think as price goes higher there w...
by Jack Jones
Sat Mar 23, 2024 4:12 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

Interesting property of Bitcoin is that, like other commodities, as the price rises, more miners come online because it is now profitable where it wasn’t before. Likewise, hard to access gold becomes more worthwhile to dig up. However, with Bitcoin, the miners are competing for their share of daily ...
by Jack Jones
Wed Mar 20, 2024 12:19 pm
Forum: Permanent Portfolio Discussion
Topic: PP as Emergency Fund / Income Source
Replies: 8
Views: 648

Re: PP as Emergency Fund / Income Source

Yeah. I’m just looking for more ways to get mileage out of a portfolio that holds 25% in cash. Im starting to think of the PP more as a personal financial system, and less as an investment portfolio. Seems like using the 25% cash allocation to ensure you have a steady supply of US dollars coming in ...
by Jack Jones
Wed Mar 20, 2024 11:25 am
Forum: Permanent Portfolio Discussion
Topic: PP as Emergency Fund / Income Source
Replies: 8
Views: 648

Re: PP as Emergency Fund / Income Source

This also helps answer the Permanent Portfolio sizing question. When your PP is large enough to deliver enough US Dollars to cover your mortgage each month for the next 12 months, that's a certain level of financial stability and peace of mind. Once your PP grows large enough to deliver your curren...
by Jack Jones
Tue Mar 19, 2024 7:48 pm
Forum: Permanent Portfolio Discussion
Topic: PP as Emergency Fund / Income Source
Replies: 8
Views: 648

Re: PP as Emergency Fund / Income Source

Ah yeah. I see in your post history that you have a similar and more sophisticated approach. Cool.
by Jack Jones
Tue Mar 19, 2024 3:11 pm
Forum: Permanent Portfolio Discussion
Topic: PP as Emergency Fund / Income Source
Replies: 8
Views: 648

PP as Emergency Fund / Income Source

I had a recent modification to the Permanent Portfolio I wanted to share w/ you all. I hope that it leads to feeling more secure and free. Take the cash portion, divide it by 12, and set up a 12 month treasury bill ladder. Every month bills will mature, providing you w/ the precious US Dollars you m...
by Jack Jones
Sat Mar 02, 2024 1:26 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

What percentage would you allocate to bitcoin in your portfolio? Would it be enough to matter? The interesting thing about this, is that in the long run, it might not matter much how much you have, just as long as you have some. I personally don’t care about the difference between being a billionair...
by Jack Jones
Fri Mar 01, 2024 12:34 pm
Forum: Other Discussions
Topic: Alcohol and Nutrition
Replies: 42
Views: 3039

Re: Alcohol and Nutrition

vnatale wrote: Thu Sep 15, 2022 12:27 pm
It is an incongruous sight seeing him set off for his multi-hour walk while smoking a cigarette.
We contain multitudes.
by Jack Jones
Fri Mar 01, 2024 12:23 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

Daily supply gets cut in half in about a month.
by Jack Jones
Fri Mar 01, 2024 12:21 pm
Forum: Other Discussions
Topic: KDE Plasma 6
Replies: 2
Views: 195

KDE Plasma 6

https://news.ycombinator.com/item?id=39548458

Are they talking about our PointedStick?

Congrats on the release, PS!
by Jack Jones
Fri Sep 15, 2023 12:52 pm
Forum: Gold
Topic: I Thought Gold Would Fare Better in 2022-23
Replies: 63
Views: 108123

Re: I Thought Gold Would Fare Better in 2022-23

I think gold will still have relevance in the decades to come. I don't see Bitcoin being a threat to gold so much as it is a complement. Gold has long stood alongside silver and copper, as an example. I think Bitcoin and maybe a couple other cryptocurrencies have simply enlarged our set of viable o...
by Jack Jones
Fri Sep 15, 2023 12:30 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

I now think of bitcoin as a company like Visa or PayPal that you can buy directly. Once the dust settles I don't see it being more valuable than the largest companies in the world based on the service it offers. If something else comes along that can provide the service better then it may be reduce...
by Jack Jones
Fri Sep 15, 2023 12:27 pm
Forum: Other Discussions
Topic: Michael Saylor: Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast #276
Replies: 9
Views: 4051

Re: Michael Saylor: Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast #276

Xan wrote: Thu Aug 31, 2023 3:32 pm The text of this one is designed to look like it's saying something without saying much. It could be used anywhere that anybody on any message board has brought up Led Fridman.
O0
by Jack Jones
Mon Aug 14, 2023 3:36 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 94482

Re: Gold Substitutes

It does not describe fiat currency. Fiat currency replaces one social consensus mechanism with another. The tradeoff is between a physical commodity that is hard to create (gold) and a theoretical commodity that is easy to create, but backed by the economic output and military strength of the gover...
by Jack Jones
Sun Aug 13, 2023 5:58 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 94482

Re: Gold Substitutes

But is vulnerable to where states with massive data centers might hack a central software server to roll out a virus/bug/feature whereby other states systems are impeded. Maybe something like where a later version of the software contains a 'bug' that is commonly rolled out, but ignored by the atta...
by Jack Jones
Sat Aug 12, 2023 7:58 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 94482

Re: Gold Substitutes

But is vulnerable to where states with massive data centers might hack a central software server to roll out a virus/bug/feature whereby other states systems are impeded. Maybe something like where a later version of the software contains a 'bug' that is commonly rolled out, but ignored by the atta...
by Jack Jones
Wed Aug 09, 2023 4:17 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 94482

Re: Gold Substitutes

But is vulnerable to where states with massive data centers might hack a central software server to roll out a virus/bug/feature whereby other states systems are impeded. Maybe something like where a later version of the software contains a 'bug' that is commonly rolled out, but ignored by the atta...
by Jack Jones
Fri Aug 04, 2023 10:46 am
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 94482

Re: Gold Substitutes

There is no substitute for gold. It is a physical (yet compact!), indestructible, decentralized bearer instrument of limited supply. Crypto and public (albeit encrypted) ledger will at some point hit a wall where it becomes all too obvious that ledgers are best kept private, or otherwise are at risk...
by Jack Jones
Sat Jul 22, 2023 6:38 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

Thanks Jack. I see how you can pay in cash so as to acquire Btc anonymously, but that you need to record your email, phone number etc. to open a Bisq account, so still not like buying a gold coin in cash anonymously that's then off radar and in your own hands, no counter party risk. And where chanc...
by Jack Jones
Fri Jul 21, 2023 10:34 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 237
Views: 117720

Re: BTC in the PP

I use Bisq. It is a decentralized, peer-to-peer exchange. There are different payment methods, but I choose to send USPS money orders to strangers in exchange for Bitcoin. They never know my name or address, and neither does the post office since I pay in cash. I've made maybe 20-30 purchases like ...
by Jack Jones
Tue Jul 18, 2023 2:43 pm
Forum: Permanent Portfolio Discussion
Topic: PP Mistakes
Replies: 43
Views: 103297

PP Mistakes

What were your biggest Permanent Portfolio mistakes? I'll go first. I got into this portfolio earlier in my accumulation phase and considered all of my wealth as, "can't afford to lose." This was sub-optimal from a long term returns perspective. If I could do it over, to start with, I woul...