Bitcoin....who's gotten into it?

[stalefish3169]

Quantum computing is gonna be a hot mess for crypto. They're going to try to protect it, but thats gonna be a helluva battle.

Do you realize that basically the entire world runs on encryption? If, and that's a big IF, quantum computers get to a point relatively soon when they can break popular algos such as SHA-256 there are going to be many things to protect far beyond crypto.

Secondly, there is already much work being done to protect BTC from quantum danger. The security measures can be updated to mitigate the threat with quantum resistant algorithms. It's not like this is some secret coming out of nowhere.

[stalefish3169]

Speaking of longer time frames for gold and Bitcoin, does this chart look bullish to you Jong? You buying this TA?

LMAO

[J. Barron DeJong]

Look, I get that you don not understand... well, pretty much anything, but I was not advocating for buying gold.

My point is that Bitcoin is not -digital gold-. Nor is it money. Nor is it an inflation hedge. Nor is it...

[4matic]

ETH going to zero?

[byates1]

[J. Barron DeJong]

Heh. He called you and stale grifters.

Anyway, seems like Bitcoin these days is being treated as if it is a tech stock, following the daily swings in Nasdaq.

[byates1]

Hopefully Trump continues to destroy things, BTC collapses to 50.

[stalefish3169]

Does teh TGRs work again?

Asking for a fren.

[m2711c]

No. Try back next year.

[stalefish3169]

No. Try back next year.

The salt must flow.

[byates1]

BTC will crash to 140 next year

[byates1]

Cranking.

[stalefish3169]

Cranking.

We like the coin.

[jackstraw]

We like the coin.

We like global warming adding zero benefits to society as a whole.

You're not a skier/snowboarder, so go play in the coiners forum where idiots hope to make money gambling on shit luck.

[byates1]

Wrong. BTC is the base layer of all money. Japans bond auction? Yeah ppl were like nah.

Wait till the world no longer wants US bonds. Exciting times ahead.

[J. Barron DeJong]

Wrong. BTC is the base layer of all money. Japans bond auction? Yeah ppl were like nah. Wait till the world no longer wants US bonds. Exciting times ahead.

Japan able to borrow 10 years a 1.565%, 20 years at 2.535%, 40 years at 3.636%. Doesn't seem like the market believes Japan is any sort of long term credit risk.

Remember (though I am sure you do not) that until quite recently the biggest problem for Japans central bank was getting their interest rates to move much off zero. That was a symptom of stagnant economic growth.

[byates1]

Japans debt to gdp is 250 fucking percent. Absolute clown show. And ppl say BTC isn't real.

[CarlMega]

Base layer at like some single digit level number of transaction per second?

Go up. Go down. don't care. I'm just sort of glad I don't have to hear about how BTC is a useful currency, or the future of commerce or saving the world via green energy anymore. Distant memories. Big house tracking funds. There it is. Blended with all the establishment players that the early believers railed about so hard, that even if you squint with your rose glasses on, you still can't pretend to see the difference anymore. Same, same. The everyday Salvadorians are not liberated. The kids in the Palestine are being ethnic cleansed but, ah, what a noble cause it was to pretend to care. But maybe if they own a BTC mining farm, they're golden. Otherwise, should have wanted to not be da poors I guess. Dummies.

No one is buying a thing with BTC but we don't care because we have Trump coin. That shit is da real thing ya know. Anyone want a Bored Ape NFT?

Lots of work, tons of energy but no productivity needed - that's the American way! Sort of like a Harley.

[byates1]

^ or gold. But wait gold is real I think

[J. Barron DeJong]

Japans debt to gdp is 250 fucking percent. Absolute clown show. And ppl say BTC isn't real.

Being able to borrow for 10 years at less than the central banks inflation target seems like a good deal. It's not like Japan is having to roll over all their outstanding debt into new 40 year bonds.

Also, over 40% of that debt is held by the central bank itself.

[J. Barron DeJong]

• First, as of the second quarter of 2024, Japan’s net public liabilities on the consolidated balance sheet amounted to only 78% of GDP. While gross liabilities stood at 270% of GDP, the government also held substantial assets totaling 192% of GDP.

• Second, a significant portion of these assets were invested in high-return, riskier assets such as domestic equities, foreign equities and foreign bonds. Liabilities primarily consisted of low-return instruments like bank reserves and government bonds. This resulted in a return spread between government assets and liabilities. Despite having a net liability position, the high returns on riskier assets exceeded the government’s funding costs, generating a substantial positive return on Japan’s balance sheet.

The analysis showed Japan’s public sector balance sheet earned an annual return that exceeded its funding costs by exceeding 6% of GDP between 2013 and 2023. The large annual net return explains why Japan’s net liabilities have increased at a much slower rate than its government debt.

https://www.stlouisfed.org/on-the-ec...overnment-debt

[byates1]

Yeah fine sure. Key words to pay attention to: borrow , inflation, borrow, inflation...

[J. Barron DeJong]

Yeah fine sure. Key words to pay attention to: borrow , inflation, borrow, inflation...

You think Japan is about to have an inflation problem?

Investors buying 10 year debt at less than 2% interest would strongly suggest that is unlikely.

[stalefish3169]

https://www.youtube.com/watch?si=n-V...ature=youtu.be

[J. Barron DeJong]

https://www.youtube.com/watch?si=n-V...ature=youtu.be

I was skeptical when he said that the obeisity epeidemic was caused by -bad money-. But I gave up when he said that one feature of -good money- is a that it has a fixed quantity, which is an incredibly destructive feature for money to have.
https://slate.com/business/1998/08/b...e-economy.html