Search found 465 matches

by bitcoininthevp
Fri Dec 01, 2023 1:11 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 81355

Re: Gold Substitutes

See my reply to BTCintheVP below: This isnt really true. In Bitcoin its not defined as the longest chain nor the chain with the most hashrate. Its the chain with the most proof of work _that is valid_. So if 90% of the Bitcoin hashrate (miners) starts mining _invalid_ blocks, they will be rejected ...
by bitcoininthevp
Tue Oct 03, 2023 2:15 pm
Forum: Variable Portfolio Discussion
Topic: LEGO in the VP
Replies: 1
Views: 1113

LEGO in the VP

Thought this was funny:
You can outperform most venture funds by buying LEGO.

I analyzed the last 20 years of secondhand LEGO pricing data, and found randomly purchasing sets will match most VC's returns...
Thread:
https://twitter.com/WillManidis/status/ ... 8128486845
by bitcoininthevp
Fri Sep 29, 2023 2:22 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111205

Re: BTC in the PP

Smith1776 wrote:
Tue Jan 03, 2023 1:32 am
Just added to my Bitcoin VP stash today.
:)
by bitcoininthevp
Fri Sep 29, 2023 2:15 pm
Forum: Gold
Topic: Gold Substitutes
Replies: 41
Views: 81355

Re: Gold Substitutes

Hashrate and longest chain define the "legitimacy" of the blockchain, in the sense that it can prove how robust it is to network attacks, namely 51% attacks. But assuming a 51% attack can be sustained long enough, you've lost the main pillar on which PoW stands on. You can no longer define consensu...
by bitcoininthevp
Fri Sep 29, 2023 2:00 pm
Forum: Gold
Topic: I Thought Gold Would Fare Better in 2022-23
Replies: 63
Views: 100254

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

Etherium has smart contracts too, in fact that was a big point during the NFT craze: that the creator of the work could be paid a percentage each time the work was involved in a transaction. However, a bunch of marketplaces recently decided they would no longer pay that royalty fee. Turns out that ...
by bitcoininthevp
Fri Sep 29, 2023 1:58 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111205

Re: BTC in the PP

whatchamacallit wrote:
Mon Sep 11, 2023 9:42 pm
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.
The service that Bitcoin is working to offer is money. Quite a potential market.
by bitcoininthevp
Fri Sep 29, 2023 1:48 pm
Forum: Gold
Topic: I Thought Gold Would Fare Better in 2022-23
Replies: 63
Views: 100254

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

you can for instance program a transaction to either be accepted or rejected subject to other criteria. Bitcoin has smart contracts. In fact each Bitcoin transaction is a series of contracts. Ethereum is also already becoming the accepted 'regulated' (official) network. No need for Ethereum or a bl...
by bitcoininthevp
Wed Jun 29, 2022 3:55 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

No. For practical purposes, it does mean it has value backing it. That's the point of what "backing" even means. If you keep abstracting the conversational points you can say nothing has backing and make the discussion of backing (or anything else) totally moot. Is your financial wellbeing "backed"...
by bitcoininthevp
Wed Jun 29, 2022 10:47 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

Similarly BTC has properties that are valued (by individuals). I had a list from before so Ill paste it here: I think it's quite naive to expect cryptocurrencies to have value for anything privacy-related. The whole point is that all transactions are 100% trackable. It just doesn't make any sense a...
by bitcoininthevp
Wed Jun 29, 2022 6:09 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

Inflation is such a poor word since it can mean so much. You’re right CPI didn’t inflate during "the printing". And now during the tightening (of money supply) CPI is high. But the point is the same. When the money was looser/being printed/whatever name we give it (monetary inflation seems good ter...
by bitcoininthevp
Tue Jun 28, 2022 8:21 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

But if you're an intrepid speculator, what better time than after a precipitous 70% crash? The counter argument is that after a crash like that the market trust in Bitcoin might be broken irrevocably. it went from $30 to $1 then $270 to $40 then $1200 to $100 then $20k to $3k now $70k to ??? Person...
by bitcoininthevp
Tue Jun 28, 2022 8:12 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

Regarding crypto, the problem is always that to be a good asset, something needs more to it than simply, "I think I'll be able to later sell it at a higher price than I paid for it". It needs some kind of real underlying value or collateral to provide a guideline for a reasonable price and preserve...
by bitcoininthevp
Tue Jun 28, 2022 7:56 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

Bitcoin was actually a pretty great monetary inflation hedge (went up a lot during money "printing" in the last years), and not a good CPI hedge, esp during tight money. As it seems the monetary inflation has stopped and we are in tightening money mode it makes sense to me that BTC would be punishe...
by bitcoininthevp
Tue Jun 14, 2022 10:50 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27125

Re: Bitcoin in the PP?

[1] Consider what i'll call the Fictitious Freedom Paradox. Isn't it strange that most of the the states/countries adopting Bitcoin are economically weak, relatively underdeveloped and have had checkered governmental histories? These are the places ushering the new age of personal freedoms? You'd t...
by bitcoininthevp
Tue May 17, 2022 10:22 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50306

Re: Absolutely brutal - 5/5

my opinion is bitcoin rose over that time frame soley from the bigger fool theory . Other than people buying in an upward trend, what is your bigger (greater) fool theory here? (and would gold going up similarly fit that?) it is after the fact one tries to make some correlation to the economy / my ...
by bitcoininthevp
Tue May 17, 2022 5:11 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50306

Re: Absolutely brutal - 5/5

Completely not surprised about BTC...gold hasn't blown it out of the water but it has held. BTC, not so much. Down worse than the market by a fair amount. Don't know jack about crypto, but I've heard BTC is more corrolated to high flying tech stocks than gold. Does that make any sense? In any case,...
by bitcoininthevp
Tue May 17, 2022 5:05 am
Forum: Other Discussions
Topic: Excellent video on Bitcoin and nfts
Replies: 5
Views: 1562

Re: Excellent video on Bitcoin and nfts

I learned from my Uber driver today that everybody should get some NFTs, not so much for the price, but to learn about them. Because soon everything will be done via NFT. He's also setting up a shopping mall in the Metaverse, so that for example Lululemon would rent a store in his mall, and people ...
by bitcoininthevp
Tue May 17, 2022 4:57 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50306

Re: Absolutely brutal - 5/5

Bitcoin rose because it was sold from one fool to the next not because anyone thought inflation was involved. It is after the fact some are trying to make a link Inflation hedge has always been touted by the BTC fans as a major feature. Specifically in the context of declining USD purchasing power....
by bitcoininthevp
Tue May 17, 2022 4:48 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50306

Re: Absolutely brutal - 5/5

Commodities up nicely ytd ,, that is an inflation hedge Oil up nicely ytd , that is an inflation hedge Bitcoin plunging ytd as inflation hits the highest in 40 years. , that is no inflation hedge Another way to look at it is that during the large "money printing" period of the last few years, it we...
by bitcoininthevp
Tue May 17, 2022 4:45 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50306

Re: Absolutely brutal - 5/5

Bitcoin is just too young and Harry was wise. Even though he would probably have been fascinated by it, I can’t imagine that he would have recommended crypto to investors depending on his sage advice, let alone telling people to put in in a portfolio of “money you can’t afford to lose.” I like to t...
by bitcoininthevp
Tue May 17, 2022 4:42 am
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

dualstow wrote:
Mon May 16, 2022 3:22 pm
Wow that was fast. Thank you. O0 I …. think I hold my own keys. I hold something. The same passphrase I had set up with Breadwallet. I’ll have to do some reading.
I think they bought BRD (Bread wallet) and are largely compatible is my understanding.
by bitcoininthevp
Mon May 16, 2022 2:48 pm
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

* where’s that bat signal that kriegs created for bitcoininthevp? I had to migrate from BreadWallet to Coinbase. Tim Draper says they’re not going to go bankrupt. Still…if they do, our wallets may be emptied. I wonder what I should do with my 0.08 BTC :-\ I have not used Coinbase's wallet . The Coi...
by bitcoininthevp
Mon Mar 28, 2022 12:37 pm
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

BTC actually holding up pretty well too the Ukraine war. seems to sort have decoupled from the stock market. thoughts? Bitcoin's Correlation to S&P 500 Hits 17-Month High The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.
by bitcoininthevp
Sun Feb 13, 2022 9:22 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21340

Re: Did Bitcoin Kill Gold’s Monetary Utility?

Maybe something more like this for my new profile picture
Image
by bitcoininthevp
Sun Feb 13, 2022 10:49 am
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21340

Re: Did Bitcoin Kill Gold’s Monetary Utility?

How about I opine on threads where Bitcoin is specifically brought up by someone else and it is germane to the thread?

Oh, wait...