Results 6,451 to 6,475 of 16066
Thread: Bitcoin....who's gotten into it?
-
12-04-2021, 11:46 AM #6451
-
12-04-2021, 11:49 AM #6452Is it radix panax notoginseng? - splat
This is like hanging yourself but the rope breaks. - DTM
Dude Listen to mtm. He's a marriage counselor at burning man. - subtle plague
-
12-04-2021, 11:49 AM #6453
-
12-05-2021, 09:10 AM #6454
^^^ Did you park the DeLorean in the garage after your trip back to the future Doc?
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
-
12-05-2021, 09:31 AM #6455
What I don't understand, amongst many other things, is how Bitcoin would be used for transactions at say a coffee shop. This is also assuming that the price stabilized somewhat. You walk in for a cup and they say it's .0000834 please. I know it's all computerized, so the transaction doesn't really matter, but that's just fucked up.
-
12-05-2021, 10:15 AM #6456
lol
With blockchain-based parametric insurance, real-world data automatically triggers payments to policyholders once predefined weather conditions occur, meaning no party can avoid its contractual obligations
-
12-05-2021, 10:22 AM #6457
-
12-05-2021, 11:38 AM #6458
Sorry in advance for this being disjointed as the thread advances but you and I were having a cordial thought experiment and wanted to rejoin. In the spirit of nerding out
1. Re accounting. I think I overreached. Or at least overreached based on existing tech
- Most tenants will pay in fiat
- Vendors/service providers will bill and be paid in fiat
- "Shareholders"/ token holders can be paid in crypto via a digital wallet
- I envision a multi signature digital wallet real-time updates with a treasury of some stablecoins where "shareholders" can continually monitor input/outputs and match expected "treasury" size so that their expected/projected returns match reality. But there's always one-off expenses for RE holdings. How to verify for that without getting into the same comparable mechanics of standard real world audits?
Therefor i conclude that I can't think of a virtual smart-contract based mechanism that solves enough accounting issues to contribute more than a small savings
2...Jurisdiction
I think that's big. Many investors (speaking as someone on both buy and sell side) make that a substantial factor in risk. I won't touch Chinese or Indian jurisdiction venue opportunities because I know cost of remedies and likelihood of remedies is a substantial hurdle. Same goes for Marshall County of Texas for patents, Bermuda for financial instruments etc.
I do agree about the pyramid scheme/Ponzi aspect (irrespective of my pontificating about all Fiat Currencies also being Ponzis viewed in the long timeframe context ). Smart contracts whether via Crypto tokens, rebase/reserve currency tokens, NFTs attract a lot of scams. However, this doesn't mean all of it is a scam.
-
12-05-2021, 11:47 AM #6459
It's VC finance bro and cringe inducing. Some/many have made the argument to me that insurance companies will be disrupted by smart contracts. I don't see why.
That use case posted by jackstraw presented one example. But it's very mechanical and subject to failure. I've worked with vendors of aquatic water data. I mean... they strive to not have errors but errors happen. To solve those errors you need humans. Therefore costs. This new insurance will have to prove it is more efficient, more fair, easier to obtain, easier to administer and that any errors/mistakes can be solved without adding so much cost that it could not be solved via "old school" insurance. But it's definitely a useful application
-
12-05-2021, 11:55 AM #6460
Mostly sounds like unnecessarily complicated RPA
-
12-05-2021, 02:03 PM #6461
This is all you need to know: Buy as much BTC as you can and hold it forever.
Buy a similar amount of eth and hold it forever.
Buy a grand or two of : ada, algo, sol, and hold it forever.
Buy a few hunge of doge and shib and hold it forever.
Your welcome.
Last edited by byates1; 12-05-2021 at 03:01 PM.
-
12-05-2021, 03:25 PM #6462
I sold my algo earlier this week.
Doesn’t seem to be a good hedge vs the mkt.
Sent from my iPhone using TGR Forums
-
12-05-2021, 05:10 PM #6463
I got back into algo, skybridge capital just started a 100 million algo fund.
Worth a couple grand for the long term for me. Turing award winner.
-
12-05-2021, 05:15 PM #6464
https://www.reddit.com/r/CryptoCurre...h_of_usdt_out/
“In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air.
Nowhere it is documented where the money which was just created comes from and where it actually went.
Before 2019 Tether claimed 100% of its reserves would be backed by actual cash
Suddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and cash equivalents"
A pie chart (yes, this is how they want to proof their reserves) released by Tether in 2021 revealed that only 2,9% would be backed by cash
How much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess“
——
Reddit posts being almost the lowest quality evidence out there I’m just wondering the truth/significance of these claims.
Seems like if Tether has a money printer going and they’re using it to buy other crypto projects that would be bad news
-
12-05-2021, 05:51 PM #6465
Whats standard for a Bahamian (New York) insurance marketplace looking for “non standard capital” to insure projects of a Hong Kong based agriculture helper scheme with interests in Cambodia and India? Maybe bitcoin works best (I dunno)…. but it doesn’t change the insurance business magically so there’s no risk as much as finbros salivating over a Buffet like pool of OPM want to convince people it does.
-
12-05-2021, 07:16 PM #6466
Anyone have a good reference for the current state of DRM on a blockchain?
-
12-05-2021, 07:49 PM #6467
-
12-06-2021, 02:49 AM #6468
-
12-06-2021, 02:54 AM #6469
Sorry about that. I wonder what you'll do then.
I'm still buying link from force of habit. I'm still in the green because my big bag was an a initial purchase between $10-11 over a year ago. But I wonder where we will bottom out.
I know fundamentals aren't cool and hip, but...Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
-
12-06-2021, 02:58 AM #6470
Also forgot to say, I bought the Friday night crash, woke up to a bunch of filled limit orders. I wonder if there is another shoe to drop, trying to be ready for it.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
-
12-06-2021, 06:58 AM #6471
Tracy Alloway (@tracyalloway) Tweeted:
Just saw someone describe crypto as 'Mary Kay for young men' and now I'm dying. https://twitter.com/tracyalloway/sta...741525504?s=20
-
12-06-2021, 09:47 AM #6472
-
12-06-2021, 10:11 PM #6473
Hey, you guys remember when you called me literally insane for suggesting that Bitcoin mining could be good for the power grid and facilitate green energy development? Good times.
https://www.cnbc.com/2021/12/04/bitc...box=1638794317
Sent from my Pixel 6 Pro using Tapatalk
-
12-06-2021, 10:49 PM #6474
you did not just post that. I must be dreaming.
-
12-06-2021, 11:13 PM #6475
Bookmarks