vincent_c wrote: ↑

Wed Mar 03, 2021 7:45 pm

bitcoininthevp wrote: ↑

Wed Mar 03, 2021 7:14 pm

I dont hold much USD.

So what do you use in instead of the cash portion in your PP?

I dont have a PP at the moment as I own no stocks or treasuries. I have gold and cash positions and a bitcoin position.

@bitcoininthevp Would love to hear more of your thoughts on ETH. I guess a question I have for you is whether you hold any USD cash and why if it is only the 'token' of the US economy. I dont hold much USD. That which I do is for nearer term transactions and the rest basically emergency fund type f...

dualstow wrote: ↑

Wed Mar 03, 2021 3:15 pm

Today is a good day for showing the non-correlation of bitcoin, zagging while the nasdaq zigs.

Maybe. But perhaps it just dumps in the afterhours.

Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset. And governments like inflating, censorship, taxation, and privacy intrusion. Emphasis mine. Pseudonymity is a major step backwards, is it not? Gold is anonymous. Cash (physical) is anonymou...

Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset. And governments like inflating, censorship, taxation, and privacy intrusion. I understand that bitcoin has these characteristics. I just don't see them as a problems for the government. Im ...

vincent_c wrote: ↑

Mon Mar 01, 2021 12:57 pm

The only thing I think is a problem is that you can't place capital controls on bitcoin.

Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset.

And governments like inflating, censorship, taxation, and privacy intrusion.

Here is a nice bitcoin log price chart to match up with the previous one.



Its all made up, but what if...?

I honestly think the direction is already super clear that the US is in support of BTC. What's the evidence? All major US government departments have reported on how Bitcoin should be treated (IRS, SEC, etc). US Banks allowed to custody it. Avanti got a bank license and will be part of the fed netw...

I always like this path as a way to visualize Bitcoins monetization path.



I think Bitcoin is perhaps a few notches up from when this was published a couple years ago.

"Bitcoin SV looks undervalued"

Nah, its just garbage. And its being delisted from exchanges, etc.

If you arent deep in the space and want to play, just buy bitcoin and enjoy the ride.

10% yearly returns, with minimal drawdown. Here it is:



from: https://twitter.com/100trillionUSD/stat ... 7935290369

https://www.bloomberg.com/news/articles/2021-02-25/investors-could-add-up-to-1-of-bitcoin-to-mix-jpmorgan-says Looks like JPMorgan is thinking along the same lines as myself! ;D “In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achiev...

But would it help finish the project? I want all the bitcoins to be mined. O0 (Yes there is a 'd' at the end). No matter how many miners join or leave the bitcoin network, the number and schedule of new bitcoin being released will be the same. That is the elegance, dare I say beauty, of Bitcoin's s...

I thought this was a nice twitter thread on "Bitcoin as super-collateral": https://threadreaderapp.com/thread/1225296658138722305.html vincent_c, have you read 'An (Institutional) Investor’s Take on Cryptoassets'? How do you see value accruing to smart contract platforms in the long term? In my chuc...

I know this is a very pie in the sky thought, but that would be neat if there could be some distributed computing going on. In the early 00's, you could participate in SETI's project to search photographs of the stars, and it would happen when your computer was otherwise idle and ready to go to a s...

So if bitcoins price is cut in half due to some market shakeout.. and with the continued halving events the amount of Bitcoin rewarded for work continues to decrease what happens if a large number of miners call it quits? Does the everything grind to a standstill? Will transactions take days to pro...

No idea. Can't recall where I read it, but Nvidia announced some changes in their product range and specs e.g. cutting some of the performance if regular GCs are used for mining. So, do not know whether that will change also the product pricing model miners rely on. Too many unknowns for my taste. ...

That begs the question...at what price does mining bitcoin become a losing proposition? What happens if miners can't turn a profit? It's already hardly profitable. Here, people are making some gains combining the BTC price increase with electricity thefts . Do not know how widely spread in US the e...

Yep, the energy comes up often and it is massive. i mentioned in the lengthy Giveaway thread that a friend wanted to go in on mining and I just didn’t want to deal with the utility bill. That begs the question...at what price does mining bitcoin become a losing proposition? What happens if miners c...

There is the other side that you probably can't see now since you probably have at least several BTC. Most people will feel like they missed out on HODLing a whole BTC and that has a psychological effect that deters from participating. If people start seeing another coin that seems to have potentia...

Ethereum, well ether, is one that I am curious about. Kind of a next generation after bitcoin? I’m still reading up on the subject. Do you have any opinion on it? I would highly recommend reading "An (Institutional) Investor’s Take on Cryptoassets" to understand my and many other "bitcoin maximalis...

It seems like there are a few slivers of bitcoin around this forum still.

I am happy to consult via private message here or secure email to help you get your bitcoin into your own control, or even buy gold or amazon gift cards with them.

My fees are 0%.

How are Bitcoins mined? I saw an article today about most of the Bitcoin mining is occurring China but I read it and it didn't compute. If a scarcity restraint is involved then obviously I don't understand it. Satoshi needed a way to translate physical world scarcity into the digital world. What he...

Quick search on btc is not bitcoin went to a new coin: "Bitcoin sv" It is a fork of a fork of bitcoin. It is much cheaper below $200 still. Might be worth a gamble. Apply your normal thinking to other assets to the crypto space. Gold is expensive, but this sand.... Might be worth a gamble. Apple is...

I don’t know how they work. But I know how people work. And in this decade I think we’ll see celebrities hawking their own coins. Maybe Bitcoin will remain strong amidst the noise. But Marc de Mesel, bitcoin giveaway guy, is online saying “$BTC is not bitcoin.” I need to research what he means. You...