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Because bitcoin is decentralized, it is largely beyond the reach of government manipulation. Because there is a hard-coded finite supply of bitcoin, it can't be inflated. Because bitcoin exists in the electronic medium, it is much easier to move and store than gold. Because of all those...

Think youre missing the point. It *is* decentralized. As far as being detached from fiat currency and the stockmarket, the selling point for BTC is that it seeks to be so. I don't think Satoshi ever suggested it had achieved that goal. Like I said, im sure you could come up with some random...

Ive never seen anyone outside Twitter crypto bot accounts say anything that stupid.

I mean 300x fwd PE is kind of hard to ignore. Just like before, Burry isn't wrong, it's just a question of timing.

Despite BTC's strides towards recognition as an inflation hedge, it still fundamentally behaves closer to a Nasdaq listing than it does to gold. In that regard, it continues to function as something of a leading indicator of tech pain (and gain).

Such a joke at this point.

Having kind of a similar conversation with my mom. Ive gotten her to grasp the issues with keeping all of her savings in usd, but she (reasonably) wants to understand btc better before she invests.

FWIW, I actually think self custody is a pretty big deal and that's one reason I chose fbtc.

Nothingstopsthistrain.gif Interesting the poster didn't mention BTC. I guess he was limiting his life rafts to actual physical assets: gold, silver, property, etc., but i wonder why? Unless he thinks we are going to undergo a societal collapse and toally lose the ability to power computers...

IMO it's also worth considering the cost of housing in relation to bitcoin: That pic is obviously old. That 2024 house would now only cost about 4 BTC.

As Lyn Alden likes to say...

I didn't say total self-sufficiency couldn't be done. I wasn't even saying it couldn't be done quickly. If you're ok with going back to the Dark Ages, you could do it overnight. The US absolutely has the capability to become a completely self-sufficient medieval country right now. All you...

Back when everyone was first talking about the whole "onshoring" idea, I liked the concept until I read a few articles about what it would take and how it would actually work out. The takeaway was that it's literally impossible as things stand now. Our entire society is so fundamentally...

Nada. I mean im almost entirely in BTC, silver, gold, and a few miscellaneous things. Took a hit with BTC like everyone but nothing realized. And im not stupid enough to sell and realize it. It will be right back up at ath soon. The thing about the current scam is that it's super...

So much rampant insider trading bullshit going on now. Corruption through the roof.

Not sure how it can be a prequel to IT if it begins in the 1960's, considering the story for the original novel began in the 1950's. That said, if you read the book there is a ton of room for other IT stories: the trapper, the Black Spot, the shootout. But AFAIK, nothing happened in Derry in...

I keep hearing rumors about things like "a US Gold backed 50y treasury bond." Would also be curious as to why you think Mag 7 isn't a safe haven? Not saying I disagree- just curious about your logic.

I actually agree with you, but tbf, "nothing" is exactly what they have been doing to this point. But I agree, it isn't sustainable, and all the signs of a sea change are there.

Fair enough. I guess I probably treat btc a little differently than I treat pretty much any other investment. I have other crypto holdings im 💯 going to take profit from, just not btc.

I've had the same thought sometimes but always end up dismissing it. Imo taking profit makes sense if: 1. You have a specific purpose for the profit you take- like a house down-payment . 2. If you think BTC is going to crash near term. Neither apply to me, so I always just hold onto my BTC...

Almost felt like "they" were just waiting for the calendar to turn. Seeing lots of fairly convincing stats showing BTC is currently underpriced by 50-60k. That's *currently* underpriced- i.e. not factoring in new inflows that will likely happen this month. Would be surprised if we're...

You mean buy that for the rebound, I assume? Initially, you'd probably lose quite a bit of money with SPMO when the market first drops (assuming you were already invested).

Pretty much what I was thinking. Keep it simple: gold, a couple defense ETFs, a couple energy ETFs. I like BTC a lot for the inevitable rebound, but can't imagine it will escape getting dragged down (initially) with tech stocks. That said, I have no plans to sell what I have, and I am keeping...

So... supposing I thought that a shooting war bt Russia and NATO was imminent... In this completely theoretical scenario, where am I stashing my money? Gold, certainly. XLE? FCG? PICK? ITA? SHY?

Yes, the market seems to shrug its shoulders to everything these days...

Ports? Any plat making advice from anyone appreciated.

Yeah, but do people buy them?

This true? Pretty new to the server, so trying to figure out ways to make plat (spells are fucking expensive!). I don't see a lot of /auc because of bazaar, so it's hard to tell what trade materials are hot and thus good options for a lowbie (25ish) to farm.

Wondering if BTC isn't a leading indicator here.

I mean, at this point if you haven't figured out how it works by now... There is literally zero variation with how these celebrity shit coins fall out. It's the same thing. Every. Damn. Time. Shitcoin scams should be illegal, but frankly so should being this stupid.

EDIT: NVM

Me and 4 RL friends just started on this server. Bazaar has been awesome for getting basic starting gear for 100-150p. Nothing fancy, but just having a decent weapon and something better than cloth makes a huge difference. Enjoying the server so far.

Had pretty much the same experience. Don't remember the exact amounts, but i do remember it cost about 40% of the value of my ETH just to move it from one place to another.

For sure, better than BTC. Like I've been saying forever, BTC was never going to fulfill that role- just like you wouldn't go buy a hotdog with a gold nugget. Personally, I'm not sure ETH will ultimately fulfill the daily transaction role either, though.

Ethereum 🔥

Gotta ask- how do you think the 1200 person server cap is going to affect things?

Anyone know the rules for pet damage/exp on this server? I know when it opened you had to do at least 51% damage to a mob or pet would take exp, even if you were in a group. Heard that they eventually changed it to the typical rule: so long as you are grouped and do at least a little damage to...

Already happening. Both V and MC are building stablecoin rails to enable their networks to use stablecoins for payments, settlements, and cross-border transactions, especially on-chain.