Search found 143 matches

by bitcoininthevp
Wed Jul 03, 2019 2:00 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

bitcoininthevp, would you be willing to write up a short post (sticky?) as a guide on how best the rest of us can test the waters in integrating bitcoin/cyrptocurrencies into our portfolios? I mean, guides like that exist, but I mean your ideas within the context of the pp/vp. What to avoid, how be...
by bitcoininthevp
Wed Jul 03, 2019 1:48 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

Ad Orientem wrote:
Sat Jun 29, 2019 12:02 pm
What am I getting here that is real or tangible?
When you "own" 1BTC (Bitcoin), there is an entry on a ledger shared by thousands of computers which enables you and you alone (via cryptography) to direct where it goes next.
by bitcoininthevp
Wed Jul 03, 2019 1:44 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

dualstow wrote:
Sat Jun 29, 2019 7:41 am
Blockchain is fascinating,...
Why is blockchain fascinating? What use case does the blockchain enable beyond money?

Blockchains are for resisting censorship. What services or industries need to resist censorship? And what do they need that cannot be achieved by some database and an API?
by bitcoininthevp
Wed Jul 03, 2019 1:41 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

What's funny about Bitcoin is that as an asset its economic substance is becoming more and more like gold. Even more so than the community even suspected I think. We PPers think of gold as an alt cash. However, it's really a reserve asset, in that we don't use gold to buy a cup of coffee. It's just...
by bitcoininthevp
Wed Jul 03, 2019 1:32 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

When any crypto begins to wrack up serious transaction value, governments will be involved. Anyone who does not believe this I think is delusional. Absolutely governments will get involved. The question is, which? And in what ways. There is a lot of incentive to see the US dollar dethroned. Perhaps...
by bitcoininthevp
Wed Jul 03, 2019 1:26 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

gold is harder to manipulate than the cryptocurrency market The ease in which crypto is "manipulated" is due to its current small size. Harry notes that such "manipulation" is really just market participants acting and I tent to agree with his approach. Sure there are some crypto exchanges that com...
by bitcoininthevp
Wed Jul 03, 2019 12:59 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 7753

Re: Rethinking the Permanent Portfolio

The question I think is: what should be in that 12.5% cryptocurrency allocation? All Libra? All Bitcoin? An index of ALL cryptocurrencies? Maybe half in Libra and half in Bitcoin? What about the issue of increased complexity vs. a desire for simplicity in the portfolio? I don't have answers to any ...
by bitcoininthevp
Thu May 23, 2019 10:35 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 6419

Re: Time to Return to the Gold Standard?

Howbout using blockchain to secure video surveillance footage of public areas? So the gov cant edit it You can use https://opentimestamps.org/ or something like it to prove existence on the Bitcoin blockchain similar to what you describe. But someone would need to store the video separately. Creati...
by bitcoininthevp
Wed May 22, 2019 9:22 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 6419

Re: Time to Return to the Gold Standard?

Bitcoin could make things worse by increasing tax evasion and as a payment method for crime. Transparency is good for society Tax evasion is universally bad? "as a payment method for crime". You should see all of the crimes assisted with the use of cell phones. But you’re right, because Bitcoin is ...
by bitcoininthevp
Wed May 22, 2019 9:13 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 6419

Re: Time to Return to the Gold Standard?

The "internet" didn't became a "thing" until it became widely deployed/employed. If bitcoin becomes better than my digitally enabled Visa card, I'll adopt it. If one understands the associated technology and can make good bets for investing purposes or is good at speculating in bitcoin good for the...
by bitcoininthevp
Tue May 21, 2019 8:52 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 6419

Re: Time to Return to the Gold Standard?

the most important feature of any form of money is that it is widely accepted for just about every form of commercial or private transaction. Try telling that to the people of Venezuela or other countries which have hyper-inflated in the last few years. To reiterate my stance on it, I think unit of...
by bitcoininthevp
Tue May 21, 2019 8:48 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 6419

Re: Time to Return to the Gold Standard?

> Pretty sure I didn't claim it was "bad." You implied negativity with your "fork+pop your bubble" comments. To claim otherwise is being intellectually dishonest. > I understand enough about the forking that is occurring to understand it isn't altruistically driven. They are probably 99% scams IMHO...