Yes and yes.
I made the exact opposite mistake in 2017. Can you believe I sold bitcoin to by my wife a Honda minivan?
That minivan cost me about $407,076.33. Roughly. More or less. Not that I’m counting or anything.
If I would have borrowed the dollars and bought the minivan, I would have been up $350,000 or more.
If I would have borrowed money, fixed the old minivan and bought bitcoin with the rest, I’d be up $700,000 or so.
I have a decent income, so all of this would have been possible for me. But I was too proud to borrow dollars and too risk averse / too ignorant to buy bitcoin on leverage. Leverage requires restraint and properly sizing the amount of leverage one uses it’s not obvious. I still can’t borrow to buy bitcoin, even though intellectually I know I could/should do so modestly.
But what I have learned: once you start selling bitcoin, your stack will never be that size again. Or probably not. I’ve bought back the amount I’ve spent on the minivan, but at a dear price.
Not my first mistake selling bitcoin, but the earlier ones are still too painful to talk about.
Now that’s a T-Bone. A his and her meal in one!
If you have two chairs, you can’t be a true maximalist.
I enjoy listening to nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle on TV. He reminds me a bit of max keiser, always saying insightful things, but without all the yelling.
When I joined my group, Bitcoin price was 100x less than today. I’ve made more money for the group through bitcoin than by radiology…and I’ve made more for myself through bitcoin than by radiology…
Being able to just practice and not worry about being a clever investor has been an amazing experience.
Last time US debt to GDP was this high, it was WW2 and US citizens were forbidden from owning monetary gold. The US partially inflated and partially increased GDP to make the debt go away.
Will AI be enough to improve our GDP to make debt to gdp decrease? Or will they have to inflate too? Will they ban gold again? Will they try to ban Bitcoin?
The good news is that, as of now, we have more ways to protect ourselves than generations past.
LOL, the meme is not wrong. This is precisely why we rejected democracy…tyranny of the majority was the meme back then.
I just thought of an evil idea…it’s kind of like swatting someone, but much much worse…it involves taxes.
Suppose you know with certainty two things simultaneously: the identity of an American and a Bitcoin address they control.
Now let’s get the government to put them in prison.
How? Send them bitcoin and supply info on tax evasion to IRS (and claim your bounty…eventually, as below).
But the trick is this: you send bitcoin to their address with a timelock in excess of however long it takes to get through a tax evasion lawsuit.
See what I did there? Someone can send bitcoin that counts as a gain for you and thus tax is due (in America, tax is due 4x per year and we file annually).
But if they send you so much Bitcoin that you can’t afford to pay the tax…because you can’t sell the bitcoin…then what?
Ecclesiastes 3:11 NLT
[11] Yet God has made everything beautiful for its own time. He has planted eternity in the human heart, but even so, people cannot see the whole scope of God's work from beginning to end.
I like their numbered plate. A little harder to read, but easier than hammering.
They’ve got a few new products I haven’t seen yet. They’ve upped an already impressive game.
Good point. Because inflation is very obviously theft, MMT attempts to disguise the theft by price controls through confiscatory tax regimes.
It astounds me that MMT folks think they could actually control inflation given the currently lawful taxation powers of the government.
Money Printer = theft of property and happiness.
MMT is a brilliantly evil and fully workable theory of currency and taxation.
In fact, you can greatly improve the efficiency of MMT by permitting the government more power than merely the power to tax gains; if you permit government to confiscate your property and sell it as well as confiscate your currency in proportion to how valuable all your property is, economic control can be fine tuned and even combine with any other form of control one may want to implement.
That said, since most people are against theft, MMT is probably as far as they’ll try to push the theft. Obscuring theft by abusing the widespread ignorance regarding money is brilliantly evil and not that much different than stealing any amount from anyone at any time.
I got ya beat. 15,773 unread messages in my gmail.
Is there no mechanism for coordinating between nodes who keeps a copy of what? If all node store all things, the system by definition scales poorly.
I haven’t a clue how nostr actually works.
Remember all those nazis who came out of the wood work during covid? Get them to change their minds and reject such thinking now before they forget how shamefully they can be led to act. If they forget, they’ll do it again.
Tactfully work to bring them to the side of freedom.
Can you believe they did this? They died a lake black to make it ugly so people wouldn’t visit during lockdown. WTF is the matter with humans…
https://edition.cnn.com/travel/article/blue-lagoon-buxton-dyed-black-coronavirus-trnd/index.html
Bitcoin price modeling strategy:
1) find regression line of log(price) vs. Log(time)
2) find biggest outlying data point and delete it
3) re-run linear regression and go to step 2 until half of all data points are deleted
4) divide the deleted data points into two groups: higher than and lower than regression line above
5) for each group, plot the price minus the regression line price prediction and try to parameterize this new graph.