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Posting this because about halfway through, Preston lays out a very interesting argument for why the supply of BTC is ultimately going to be squeezed even further than it already is. Haven't got my head fully around it yet, could be there is something wrong with it, but the way he laid it out...

Funny you should mention 10 years because that's about the time I started looking into finance, economics, money, etc. GFC was my catalyst for asking "what the fuck's going on?". Which just led to more questions and then answers to those questions which led to more questions and so on. And...

Oops sorry dozer.

lol, how long you been saying that? Some people have been saying that since it was $10. Also, none of them think about the technology and how it works and what use case it fills, they are generally just looking at a chart. Not exactly good analysis.

Poor Petey. Just keep's doubling down, hoping for the big payoff that will never come.

Well, they have whipped the Monetary Policy horse to death and it is now a bloody corpse on the ground that they are staring at and wondering what to do now. Not sure about your gravity analogy. I concede that money can be printed from thin air, and will be, in great quantities. I saw...

Oh no, Shiney, tell me it isn't true. Not a fan of MMT. But I do think we are going that way anyway, at least to some degree. I'm not of the opinion that it is going to work out. We'll see who's right or not.

Yeah, I guess he did end up having that conversation with Saylor after all.

lol, I don't think many institutions are that interested in Gold & Silver.

lol, just saw BTC price explode past 40K. Was wondering what the hell? Then saw, oh it's Elon. Awesome.

Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments https://www.coindesk.com/tesla-invests-1-5b-in-bitcoin-plans-to-accept-crypto-payments

So I did the CoinBase Earn thing for COMP in late November where you answer a few questions and they give you a few crypto tokens. One of the ones I did was for COMP. I answered 3 questions and received $4.10 worth of COMP for each question for a total of $12.30. Current value of what I...

What alternative policies are we talking about? When i look at what the central bankers are doing, I'm vehemently against the institution itself, or at least the idea of humans doing monetary policy, but I think they have mostly behaved logically, within what I see as an illogical system. If...

I generally think hyperinflation is unlikely for similar reasons already mentioned. However, I would never say never because things can change faster than anyone expects. Sometimes you can start going down a road thinking you can pull back before things get too out of hand but events get away...

I've gone back and forth on this numerous times over the years. At the end of the day, I think managing a Central Bank is essentially an impossible job, in the same way that running a Socialist system so that practice matches theory is also impossible. I think that most Central Bankers...

Let me know when it gets solidly past 40K. It's funny, I remember when I was on SS years ago and we were all getting excited because BTC had just recently gone past the silver price at the time.

Fair point. I label them as bubbles because they felt like bubbles when I went through them actually holding BTC both times. The steady then massive price increases followed by the blow-off top felt very much like a bubble to me. The curious thing is, is that they keep repeating in...

They were bubbles. I've been through 2 now, 2013 and 2017. It's just the way it works. I think most normals just can't get the concept that just because something goes through a bubble phase doesn't mean it doesn't have value. It's not just BTC. And the reality is these bubbles are how BTC...

I have a similar story, sold nearly all after achieving 10X in one year, but after a couple of years of hating BTC and not wanting to hear about it and hoping it would crash and burn to validate my decision, I eventually got over it, got back in and am already sitting on nice profits. Not that...

I've been buying Bitcoin fairly regularly for the past 3-4 years now, but I was way too conservative when buying early-mid 2020. I should have just gone all-in, but it's hard when there's been a huge price fall and you aren't paying much attention to the sector. Oh well, I have a decent...