Recent content by MrSpitz

Crypto won’t go anywhere as an investment class, but crypto is basically the OnlyFans of currency. Sure, potentially it could do a lot of good things, but 99% of its value is based on money laundering in one way or another.

Taxing multiple home ownership accurately, wether the owner is a mom and pop or corporation is the best way to effectively disincentive wealthier entities, wealthier through whatever means, of taking a disproportionate share of single family homes. Taxing would increase some rents, and also...

The easiest solution is the tax code needs to accurately assess multiple home ownership with a simple sliding scale. If a mom and pop wants 1-2 houses to rent fine, but make it a premium. If an LLC has 50 and the built in maintenance and managers, then make it more. Homes are like any asset, if...

The problem with housing is too many regulations to build and a tax structure that incentivized instead accurately taxes individuals or companies that have multiple properties. So less builds and less owners, more renters, harder to build equity once renting starts. Rinse and repeat.

The best part of the Bitcoin debates helping society is realizing how it literally does nothing for society but continues to take up increasingly rare real resources (energy). How the community is so convinced about the awesome benefits of an always trackable / traceable medium of financial...

The flaw of crypto currency is that it is a terrible product, as a currency. Highest security takes tons of energy, and every single transaction ever is on a ledger that makes tracking any individual person easier than the best surveillance state. This is why China is so bullish on a digital...

Crypto has proven itself to be… not currently useful as a mechanism of transaction. It is very traceable when used as a single agent (ie btc alone, eth alone, a single wallet basically), it’s cumbersome to use, and it takes a tremendous amount of energy. Energy is now a premium product, and...

At what point does Tether collapse

I think there’s a real possibility that Russia has inadvertently shown all crypto could be worthless as a currency outside closed blockchain environments you can’t easily spend or utilize it It is very easily traceable - contrary to previous theories and evidenced by fbi seizures and it’s lack...

Blockchain is wonderful technology which has a lot of promise. But the Russian war is too early for it. It’s clunky and difficult to use for actual transactions (Bitcoin or ether), some alts are much better but really quite tiny in terms of merchant adoption or even general acceptance. UK...

Don’t post here much. But it’s a crazy world when tech goes green because oil prices spiraling means we are betting the fed will keep propping up bubbles with low interest rates. Most likely Powell continuing to be a coward, this conflict causing more supply chain / commodity inflation, and a...