Search found 522 matches
- Thu Mar 28, 2024 8:49 am
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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-bitcoin-is-...
- Sun Mar 24, 2024 6:38 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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...
- Sat Mar 23, 2024 4:12 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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 ...
- Wed Mar 20, 2024 12:19 pm
- Forum: Permanent Portfolio Discussion
- Topic: PP as Emergency Fund / Income Source
- Replies: 8
- Views: 363
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 ...
- Wed Mar 20, 2024 11:25 am
- Forum: Permanent Portfolio Discussion
- Topic: PP as Emergency Fund / Income Source
- Replies: 8
- Views: 363
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...
- Tue Mar 19, 2024 7:48 pm
- Forum: Permanent Portfolio Discussion
- Topic: PP as Emergency Fund / Income Source
- Replies: 8
- Views: 363
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.
- Tue Mar 19, 2024 3:11 pm
- Forum: Permanent Portfolio Discussion
- Topic: PP as Emergency Fund / Income Source
- Replies: 8
- Views: 363
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...
- Sat Mar 02, 2024 1:26 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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...
- Fri Mar 01, 2024 12:34 pm
- Forum: Other Discussions
- Topic: Alcohol and Nutrition
- Replies: 42
- Views: 2750
- Fri Mar 01, 2024 12:23 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
Re: BTC in the PP
Daily supply gets cut in half in about a month.
- Fri Mar 01, 2024 12:21 pm
- Forum: Other Discussions
- Topic: KDE Plasma 6
- Replies: 2
- Views: 165
KDE Plasma 6
https://news.ycombinator.com/item?id=39548458
Are they talking about our PointedStick?
Congrats on the release, PS!
Are they talking about our PointedStick?
Congrats on the release, PS!
- Fri Sep 15, 2023 12:52 pm
- Forum: Gold
- Topic: I Thought Gold Would Fare Better in 2022-23
- Replies: 63
- Views: 100464
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...
- Fri Sep 15, 2023 12:30 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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...
- 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: 3772
- Mon Aug 14, 2023 3:36 pm
- Forum: Gold
- Topic: Gold Substitutes
- Replies: 41
- Views: 81671
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...
- Sun Aug 13, 2023 5:58 am
- Forum: Gold
- Topic: Gold Substitutes
- Replies: 41
- Views: 81671
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...
- Sat Aug 12, 2023 7:58 am
- Forum: Gold
- Topic: Gold Substitutes
- Replies: 41
- Views: 81671
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...
- Wed Aug 09, 2023 4:17 pm
- Forum: Gold
- Topic: Gold Substitutes
- Replies: 41
- Views: 81671
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...
- Fri Aug 04, 2023 10:46 am
- Forum: Gold
- Topic: Gold Substitutes
- Replies: 41
- Views: 81671
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...
- Sat Jul 22, 2023 6:38 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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...
- Fri Jul 21, 2023 10:34 am
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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 ...
- Tue Jul 18, 2023 2:43 pm
- Forum: Permanent Portfolio Discussion
- Topic: PP Mistakes
- Replies: 43
- Views: 95607
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 would have put...
- Tue Jul 18, 2023 1:43 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111460
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 t...
- Tue Jul 11, 2023 2:50 pm
- Forum: Politics
- Topic: The Afghan Papers
- Replies: 101
- Views: 23959
Re: The Afghan Papers
All of the dumbasses who think the mighty American military can win wars have not been paying attention. They can win wars if the battles are set up like WW2 battlegrounds. Which will never happen again. The last of the WW2 style battles happened in WW2. Personally I think the next war will be a cy...
- Mon Jun 05, 2023 12:11 pm
- Forum: Other Discussions
- Topic: Your favorite charity?
- Replies: 29
- Views: 11823
Re: Your favorite charity?
There are innumerable charities / nonprofit organizations with lofty goals / mission statements. The challenge for someone donating is to discern which ones are effective in reaching those goals and in an efficient manner, i.e., using the highest percentage of those donated $$$$$ towards the actual...