Do you think the EU talk on banning proof of work is part of the economic split happening w SWIFT etc? I keep feeling like the WEF side will be ETH/Link/CBDCs and the other MAY be BTC/STX from what I'm reading but idk. I can't get all my thoughts around it bc I don't understand well enough.
wef is probably both sides ultimately, not to sound blackpilled
I don't think the WEF will capture ETH at all or LINK. They may choose to build on that infrastructure but in the sense I don't feel as if their will be any economic split among major crypto infrastructure like that. Would more suspect the WEF to be part of the build-out of CBDC's, and a few VC scam projects like ICP, but I don't think they have the clout or financial ability to capture larger scale infrastructure at this point. The snowball is simply too big and there are simply too many wallets that are unwilling to sell at any price.
People often think that manipulating the price equates to controlling an asset. In terms of liquidity only about 5-8% of the total ETH in existence is ever really available for purchase on all exchanges. Most of it is held off exchange in private wallets. You can manipulate the price with just 10% of total available supply on a given exchange. If even the largest exchange only has 1% of total ETH listed then price can be manipulated (on that exchange) with just 0.1% of total supply. And even that is a monumental endeavor for them. Beyond that to be able to control enough of it to impact governance in any meaningful way is just simply out of reach for these institutions. It's truly decentralized governance.
I’d be happy with a few post a month ..8 post a month for the price is well beyond fair value considering the quality of your writings.. enjoy your time off brother it’s all good
8 a month is easily doable for me. Time commitment of about 15 hours a week. I understand people may feel like they deserve less, but I intend to stick to my initial proposal. If it becomes too onerous I can always turn 1 post into 2 by breaking it up, like a high school senior increasing the font size on the periods to extend the length of their essays. The only issue that is really slowing me down is my time away from my main computer, and I'll have that sorted soon once I figure out an ideal travel laptop solution. Some people are telling me to switch to a Mac, but I just frankly refuse to use an Apple product
A man who honors his word is a rare find in this dystopian hellscape. I respect your commitment to the payment terms as promised. Looking forward to more asymmetric strategies for the coming weeks.
Yeah I apologize for the absence. I'm out here with the AgainstTheMob crew in person though and we are recording an episode every night, so should be a lot of content coming ya'lls way in a little bit
I’m a novice in cypto and investing in general. Currently in the stage where I am learning as much as possible and simply buying BTC from a centralized exchange when I have the extra funds available. I say that to preface two questions I’d appreciate your perspective on.
1. When it comes to taking custody of your crypto, does utilizing Coinbase Wallet fall into this category? I’ve read enough to understand the downside of centralized exchanges, so I’m wondering if I should be safekeeping my crypto in a wallet not tied to the entity itself. I get that my anonymity is gone, but can my crypto be confiscated? I admittedly went with this wallet out of ignorance and convenience, but with the knowledge I should not keep my crypto on the exchange.
2. In your first Q&A, you listed your priorities as “Savings, Food, Crypto, DeFi, Ammo-Precious Metals in last”. If the idea is buying your freedom, I’m curious where you might list paying off student debt in that list for someone who might have it? Currently the only debt I have. Tempted to aggressively pay it down (~30k), but being that I am bullish on the future of crypto I wonder if the extra money I’m paying would be better suited offloading into crypto. I know a lot factors into personal finance decisions like this, so more just curious your general mindset.
1. I don't use coinbase so couldn't say for certain, but I had heard that the Coinbase Wallet was non-custodial and that you get the seed phrases and private key, in that case it's fine. I don't know the answer about how anonymous the wallet is inherently, but I presume transactions to it come from your coinbase account so it wouldn't take much forensic time looking through the transactions on the public ledger to tie the two together.
2. Deciding to pay down debt is dependent on two things. The first consideration is about freeing up your monthly cash flow by eliminating a recurring payment. If you are short on cash flow but have considerable liquidity this could be of use if you anticipate needing significant future cash flow. The second consideration is how much the net cost will be for you to carry the debt further into the future. If your interest rate is fixed at a relatively low rate, there might not be much opportunity cost for temporarily just meeting your minimum payment obligations while investing and putting off debt payment for the future. There are a few situations where the first consideration is more important to qualify for loans or something of the sort, but in most cases the 2nd consideration is most important.
But also you can take into account macro-presumptions about the market as a whole. And from that perspective this would probably be the worst time to be paying off loans or debt so long as you have the cash flow to cover the minimum payments as well as the increasing cost of living, and the best time to be accumulating crypto... if I'm right. I think the math is compelling but its always possible that I'm wrong... or that I'm right but just early enough that waiting and paying down debt is the right strategy. But I don't believe I'm wrong.
Or as 'Dollar' Bill Stearns says, "I am not uncertain."
Hope you are well and everything is going okay.
Do you think the EU talk on banning proof of work is part of the economic split happening w SWIFT etc? I keep feeling like the WEF side will be ETH/Link/CBDCs and the other MAY be BTC/STX from what I'm reading but idk. I can't get all my thoughts around it bc I don't understand well enough.
wef is probably both sides ultimately, not to sound blackpilled
I don't think the WEF will capture ETH at all or LINK. They may choose to build on that infrastructure but in the sense I don't feel as if their will be any economic split among major crypto infrastructure like that. Would more suspect the WEF to be part of the build-out of CBDC's, and a few VC scam projects like ICP, but I don't think they have the clout or financial ability to capture larger scale infrastructure at this point. The snowball is simply too big and there are simply too many wallets that are unwilling to sell at any price.
People often think that manipulating the price equates to controlling an asset. In terms of liquidity only about 5-8% of the total ETH in existence is ever really available for purchase on all exchanges. Most of it is held off exchange in private wallets. You can manipulate the price with just 10% of total available supply on a given exchange. If even the largest exchange only has 1% of total ETH listed then price can be manipulated (on that exchange) with just 0.1% of total supply. And even that is a monumental endeavor for them. Beyond that to be able to control enough of it to impact governance in any meaningful way is just simply out of reach for these institutions. It's truly decentralized governance.
I’d be happy with a few post a month ..8 post a month for the price is well beyond fair value considering the quality of your writings.. enjoy your time off brother it’s all good
8 a month is easily doable for me. Time commitment of about 15 hours a week. I understand people may feel like they deserve less, but I intend to stick to my initial proposal. If it becomes too onerous I can always turn 1 post into 2 by breaking it up, like a high school senior increasing the font size on the periods to extend the length of their essays. The only issue that is really slowing me down is my time away from my main computer, and I'll have that sorted soon once I figure out an ideal travel laptop solution. Some people are telling me to switch to a Mac, but I just frankly refuse to use an Apple product
A man who honors his word is a rare find in this dystopian hellscape. I respect your commitment to the payment terms as promised. Looking forward to more asymmetric strategies for the coming weeks.
Our words are spells, if I won't make them come true then people will come to doubt my magic, maybe even I may come to doubt.
Gonna listen to that podcast episode right now. Missed you bro! May your travels bring you more wisdom and beautiful memories!
Yeah I apologize for the absence. I'm out here with the AgainstTheMob crew in person though and we are recording an episode every night, so should be a lot of content coming ya'lls way in a little bit
I’m a novice in cypto and investing in general. Currently in the stage where I am learning as much as possible and simply buying BTC from a centralized exchange when I have the extra funds available. I say that to preface two questions I’d appreciate your perspective on.
1. When it comes to taking custody of your crypto, does utilizing Coinbase Wallet fall into this category? I’ve read enough to understand the downside of centralized exchanges, so I’m wondering if I should be safekeeping my crypto in a wallet not tied to the entity itself. I get that my anonymity is gone, but can my crypto be confiscated? I admittedly went with this wallet out of ignorance and convenience, but with the knowledge I should not keep my crypto on the exchange.
2. In your first Q&A, you listed your priorities as “Savings, Food, Crypto, DeFi, Ammo-Precious Metals in last”. If the idea is buying your freedom, I’m curious where you might list paying off student debt in that list for someone who might have it? Currently the only debt I have. Tempted to aggressively pay it down (~30k), but being that I am bullish on the future of crypto I wonder if the extra money I’m paying would be better suited offloading into crypto. I know a lot factors into personal finance decisions like this, so more just curious your general mindset.
1. I don't use coinbase so couldn't say for certain, but I had heard that the Coinbase Wallet was non-custodial and that you get the seed phrases and private key, in that case it's fine. I don't know the answer about how anonymous the wallet is inherently, but I presume transactions to it come from your coinbase account so it wouldn't take much forensic time looking through the transactions on the public ledger to tie the two together.
2. Deciding to pay down debt is dependent on two things. The first consideration is about freeing up your monthly cash flow by eliminating a recurring payment. If you are short on cash flow but have considerable liquidity this could be of use if you anticipate needing significant future cash flow. The second consideration is how much the net cost will be for you to carry the debt further into the future. If your interest rate is fixed at a relatively low rate, there might not be much opportunity cost for temporarily just meeting your minimum payment obligations while investing and putting off debt payment for the future. There are a few situations where the first consideration is more important to qualify for loans or something of the sort, but in most cases the 2nd consideration is most important.
But also you can take into account macro-presumptions about the market as a whole. And from that perspective this would probably be the worst time to be paying off loans or debt so long as you have the cash flow to cover the minimum payments as well as the increasing cost of living, and the best time to be accumulating crypto... if I'm right. I think the math is compelling but its always possible that I'm wrong... or that I'm right but just early enough that waiting and paying down debt is the right strategy. But I don't believe I'm wrong.
Or as 'Dollar' Bill Stearns says, "I am not uncertain."