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Nice Guy Eddie

Certifiably Surly
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Everything posted by Nice Guy Eddie

  1. With this rise in crypto prices, I believe the FTX victims will basically be made whole even though they won't feel like it. Let's say bitcoin was $20K in Nov '22 when FTX collapsed and you had 1 bitcoin on their site. The recent rise in price will most likely allow you to eventually get $20K back. I realize that the victim wants 1 BTC back and not $20K. They most likely will get paid in bitcoin but it will be whatever BTC fraction = $20K. It's impossible to give everyone back their money based on today's valuations because they don't have that much in assets.
  2. I get long text messages from my mom with the last words being to ignore this message. It's all one text message.
  3. If someone commits fraud but is somehow able to cover it up, it's still 100% wrong and illegal. However we all know that there must be situations where this occurs and the criminal gets away with it.
  4. Part of the massive ETF growth is due investors fleeing the Grayscale bitcoin ETF. The amount is impossible to fully calculate. If true then the new ETF growth may start to slow. But you also have other factors coming into play other ETF firms reportedly investigating the creation moving towards ETF investors being allowed to borrow against the bitcoin ETF holdings more and more investment firms recommending their investors put 1-5% into crypto
  5. Trump Org CFO, Weisselberg, pleading guilty (again) to a crime today. Instead of fraud like last time, it’s perjury from the civil trial case. hopefully the judge gives him a maximum sentence because obviously 4 months in Rikers Island didn’t teach him to not break the law.
  6. 64k (BTC) and 3.5k (ETH) were ceilings over the past week, and both just broke.
  7. Paxton must have some horrible humans working for him. It’s perfectly fine for a lawyer to be conservative but I imagine 99% of those lawyers don’t want to be involved in suing school districts and catholic charities. He must really be finding the bottom 1% that just can’t find a job anywhere else.
  8. While I agree it's overkill in buying a coke at the corner store which creates a capital gain taxable event, it's not like we haven't solved the sales tax event. And if there was one technology that could solve small capital gain transactions, it's crypto. And while I don't agree with it, the federal govt could even get paid during the transaction, and later reconcile the actual tax amount.
  9. I thought the concept of a 51% attack was that a group representing 51% of the miners could push changes into the network, not secretly, and the other bitcoin users couldn't stop it. Obviously the disagreeing users/miners could create their version of bitcoin.
  10. I was wondering why I know the actor who plays Toranaga. He was in the Last Samurai with Tom Cruise. He played the top captain who grew to respect Tom Cruise as Cruise became a better samurai.
  11. There isn't a central group that controls bitcoin. tldr: Blackrock can't control bitcoin. Let's say that Blackrock wants to change Bitcoin, which means changing the developer code. They would effectively need to convince a majority of miners and users to accept their new code that they want to apply to the bitcoin network. Historically this has not been a group that reaches consensus easily on a change. Alternatively, Blackrock, or anyone, always has the option of copying bitcoin (& its corresponding owners) to a new, separate version of Bitcoin with whatever change Blackrock wanted. This has occurred in the past with other groups and pretty much fizzled out. IF Blackrock wanted to control/change bitcoin, buying out the miners might be the best option but there is limited value in that. As they approached control, it would scare off bitcoin owners and the price would plummet. To control bitcoin is to kill it. Re: Blackrock's current stake. They're reporting another 10K bitcoin owned yesterday, up to 150K. At this growth rate, Blackrock should surpass Microstrategy in the upcoming weeks. Other groups still have more.
  12. Same here. In watching the original series and re-reading the original book. Most of the Clavell books are solid reads.
  13. I’m 5 minutes in. When does Orson Welles start narrating?
  14. It was bound to happen that the big players would eventually control most of bitcoin. Unless Satoshi wakes up and uses his wallet.
  15. At that one recent debate, most of the GOP candidates proudly raised their hands that they've been arrested in the past.
  16. I always wonder why I see the POW/MIA flag as the secondary flag at every post office. I respect POWs/MIAs and their families but why the post office?
  17. Late reply but these mf-ers are the ones who sowed the seeds of today's GOP. Politicians like Barbour or Bush Jr. spoke again and again about illegals voting, election fraud, etc. etc. Get more of their base convinced that elections were rigged. They just wanted to make it slightly more difficult for non-whites or liberal whites to vote. Not entirely but just enough to so that you know Bush is working to save democracy. Now they're pissed that they've lost control of their own creation.
  18. "There is a 6 month processing time to accommodate these requests so the monthly charges will continue. And while normally there is a $299 cancellation fee, for today only we're running a special for the low, low price of $99 if you agree to a 9 month processing time. You're welcome." You have to wonder how much social security money has flowed into the Trump coffers. I agree that it's the old folks' money to do as they please but I'm sure there is something else of more value they could have bought.
  19. for what it's worth, I saw the following on crypto youtube today. SIAP. Fidelity in Canada is packaging their crypto ETFs within their other ETFs. As these scenarios start to become more and more common, especially with retirement plans, this is when you have an automatic flow of funds popping into the market every payday. I imagine crypto in 401ks is still looking like 2026 or 27. As an aside, when Canada shows "Global", they mainly mean the US.
  20. The teenage kid is just trying to support his pregnant girlfriend in Biden’s America. Go easy on him. /satire.
  21. Scary when they talk about using their elected/confirmed powers to defeat evil. I'm sure we all agree that we don't want evil in our lives or in the world but they're defining evil in their own terms when less than half of America agrees with them. And I don't want Dems defining and defeating evil either.
  22. Yep. As of Friday, iShares’ etf owned close to 0.7% of all bitcoin. Wouldn’t shock me if they get close to 1% this week or next. At some point, these etfs will struggle to find sellers if they keep attracting so much money from investors/gamblers. It’s not impossible that some big whales will sell off some bitcoin to lock in profits but that would just pause the rise.
  23. You can’t sell at 55 when 100 is just around the corner. Ha. edit. I’ve been following and owning crypto since 2017. One thing that feels different about this recent run up is that the entire market is going up (or down) together. In the past, it seemed that when BTC went up, funds were drained from ETH or alt coins. And vice versa. As if the same money was just being moved around. Now today everything is running up, presumably with buyers pushing up many coins at once. perhaps the sellers of one coin are pushing that into other coins. Another difference with this run is the overall lack of the new hot coin that pumps only to drop down just as fast. I’m sure that exists today but not at the same level.
  24. Inflation can be a good thing for corporations.
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