Search found 65 matches
- Fri Aug 20, 2021 3:58 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
Re: BTC in the PP
Maybe I was vague originally…..yes “time value of money” is a human preference weighted in time / opportunity cost. What I should have stated is that the “rule” of a dollar today is worth more than a dollar tomorrow is a symptom of a fiat economy. (Not a law of nature / applicable to all forms of mo...
- Fri Aug 20, 2021 2:43 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
Re: BTC in the PP
Time value of money is a fiat concept. It does not exist as a law of nature….only in a fiat economy. In all honesty I’m not against the fiat economy….to me, hold debt in fiat and wealth in BTC. It’s the perfect recipe! Time value of money is a human fact and has nothing to do with fiat, its directl...
- Fri Aug 20, 2021 12:50 pm
- Forum: Politics
- Topic: Are Republicans the "Anti" Party of Opposition?
- Replies: 6
- Views: 1950
Re: Are Republicans the "Anti" Party of Opposition?
Agree…..the statement “If voting made a difference it would be illegal” is manifesting truer and truer. Should be socially acceptable to not comprise your integrity and pick the lesser of two evils.
- Fri Aug 20, 2021 8:56 am
- Forum: Politics
- Topic: Are Republicans the "Anti" Party of Opposition?
- Replies: 6
- Views: 1950
Re: Are Republicans the "Anti" Party of Opposition?
comments / questions from a Texas man who is around 90% republicans. Liberals want gays to have right to marry. Republicans anti-gay marriage! - Do you know Republican's in your life that believe this?...or just repeating a liberal media mantra? Liberals want women to have right to choose to get an ...
- Sun Aug 15, 2021 11:09 am
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
- Fri Aug 13, 2021 6:33 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
Re: BTC in the PP
“...There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.” -Greenspan (1966) This is what Bitcoin aims to do. Store energy / labor spent in the form of money through time. Time value of money is a fiat concept. It does...
- Fri Aug 13, 2021 1:55 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
Re: BTC in the PP
https://www.youtube.com/channel/UCL_f53ZEJxp8TtlOkHwMV9Q 1:09 is where they specifically deal with the energy question. It’s an interesting talk but I’m not sure I agree with a lot of the points on economics. In regards to economics.....In a way we are so used to the Fiat world its hard to really t...
- Thu Aug 12, 2021 3:41 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
Re: BTC in the PP
"The world produces 160,000 TWh every year. 50,000 TWh is wasted.....Bitcoin uses 120 TWh."
https://twitter.com/BTC_Archive/status/ ... 4950752260
https://twitter.com/BTC_Archive/status/ ... 4950752260
- Thu Aug 12, 2021 3:36 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 126565
- Wed May 12, 2021 2:21 pm
- Forum: Other Discussions
- Topic: Bitcoin mining
- Replies: 6
- Views: 1235
Re: Bitcoin mining
"The world produces 160,000 TWh every year. 50,000 TWh is wasted.....Bitcoin uses 120 TWh."
https://twitter.com/BTC_Archive/status/ ... 4950752260
https://twitter.com/BTC_Archive/status/ ... 4950752260
- Thu Apr 29, 2021 11:12 am
- Forum: Gold
- Topic: Why isn't gold moving?
- Replies: 69
- Views: 23660
Re: Why isn't gold moving?
The inflation is flowing into commodities we need (like oil, lumber & copper), assets the government supports (sovereign, corporate, & residential debt), & rapidly growing technology that is reshaping our world (FAANG, #Bitcoin). Gold & silver don't check any of these boxes. - Michae...
- Mon Mar 15, 2021 2:29 pm
- Forum: Permanent Portfolio Discussion
- Topic: Bitcoin as a complement or alternative to gold in the PP
- Replies: 178
- Views: 58605
Re: Bitcoin as a complement or alternative to gold in the PP
I was wrong.....~60,000 people polled: Investors reallocating capital into BTC instead of “X” Stocks 49% Bonds 10% Gold 22% Property 19% Here's how big these buckets are: Stocks $80T Bonds $100T Gold $10T Real Estate $200T+ Source: https://twitter.com/michael_saylor/status/1371155821837553671?s=21
- Sun Mar 14, 2021 11:35 am
- Forum: Permanent Portfolio Discussion
- Topic: Bitcoin as a complement or alternative to gold in the PP
- Replies: 178
- Views: 58605
Re: Bitcoin as a complement or alternative to gold in the PP
Good to see this forum moving (even if slightly) to the concept holding a portion of BTC within PP. I’ve been dwelling on this nearly 7yrs....and want help! Addressing the topic of the thread..my initial thoughts were that BTC would eventually (- 20yrs) assume a nice of role of 20% taking 5% from ea...
- Thu Mar 05, 2020 12:37 pm
- Forum: Cash
- Topic: China Govt Digital Currency
- Replies: 15
- Views: 9687
Re: China Govt Digital Currency
A government digital currency is inevitable and the invention of Bitcoin probably expedited this.....from a government standpoint its perfect....tracing and taxing every penny sent, controlling the supply, freezing user accounts, .....its a government god send. for bitcoin....The question arises.......
- Fri Jun 21, 2019 1:06 pm
- Forum: Gold
- Topic: Rethinking the Permanent Portfolio
- Replies: 52
- Views: 33649
Re: Rethinking the Permanent Portfolio
yes he did. from what I recall...something along the lines of too large of a market / too many people to influence to hold the manipulation.
- Fri Jun 21, 2019 8:17 am
- Forum: Gold
- Topic: Rethinking the Permanent Portfolio
- Replies: 52
- Views: 33649
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. This I agree with....the question becomes WILL they do anything about it? - If yes, ....CAN they do anything about it? - - Government CANNOT control Bi...
- Fri Jun 21, 2019 8:07 am
- Forum: Gold
- Topic: Rethinking the Permanent Portfolio
- Replies: 52
- Views: 33649
Re: Rethinking the Permanent Portfolio
Libra is pegged to US dollar. (AKA not a gold replacement) Facebook will be the bank. Government will regulate / have oversight over facebook as they are subject to money transmission rules and somewhat accountable for their users actions. (KYC Regulations) They are a better PayPal now. (maybe) &quo...
- Mon May 20, 2019 11:23 am
- Forum: Variable Portfolio Discussion
- Topic: Invest like Buffett?
- Replies: 24
- Views: 13014
Re: Invest like Buffett?
He's not "normal" in many ways which gives him a HUGE edge as an investor....1. has a photographic memory, 2. reads like 80% of his waking hours (like earnings reports..yuck). I simply cannot compete with this....nor would want too His overall playbook is rather simple though.....I use for...
- Thu May 16, 2019 5:54 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
> if the US outlaws BTC The US gov is big business. Do Gates, Buffet, and Bezos want Bitcoin as the currency? From my understanding......Gates originally liked the idea of BTC, then later shunned it......not sure of his stance now. Seems like recall reading something recently that Microsoft is buil...
- Wed May 15, 2019 11:44 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...
- Wed May 15, 2019 11:30 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...
- Wed May 15, 2019 8:55 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
1. I'm saying inflation does not of itself discourage savers unless a positive real rate of return is not achievable. No doubt negative real rates do happen from time to time and that does tend to discourage saving (or so we thought...but now we have negative yielding sovereign bonds.) 2. "Res...
- Wed May 15, 2019 8:30 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
It might be simpler to forget gold/bitcoin, and first wonder what would happen if the Fed disabled their (digital) printing press Good idea... thought experiment!.....Rules 1. so gold / bitcoin never existed before as currency nor will they. 2. US government made mandatory tax payments be collected...
- Tue May 14, 2019 11:47 am
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
1. Wrong. That's why we have "real" interest rates. Without real interest rates no one in their right mind would save anything. And this does not change in a fixed monetary system. 2. Why did you duck answering the hardest question I put to you? Read up on on the 1930s and provide the ans...
- Mon May 13, 2019 3:28 pm
- Forum: Gold
- Topic: Time to Return to the Gold Standard?
- Replies: 55
- Views: 25274
Re: Time to Return to the Gold Standard?
Tn, How is it stolen and to whom do the benefits and costs go from inflation? ANSWER: Inflation steals from savers .....it discourages saving as the dollar becomes worth less over time....therefore encouraging spending, investing & debt....therefore "benefiting" the economy and punish...