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Posts posted by Thetexashammer
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4 hours ago, Snake Diggity said:
My opinion is that Bitcoin is a store of value. An alternative to inflating USD and overpriced stocks. It’s having a moment. I’m not going to try to time that and if Bitcoin continues to go up forever, I am comfortable continuing to miss out.
Consider all the various asset classes. Stocks and bonds and the largest classes of investments. In a place where the government goes into a financial crisis, which class outperforms? The Federal Reserve is engaged in financial repression, you will have a negative real return on bonds. Stocks will suffer because the economy will be crushed, growth will die. Cash, it needs little explanation. If you wish to hold cash while the Fed prints a trillion in fiat every couple months, good on you.
Levered real estate is not a bad option. Debt values are fixed, rents depend mostly on nominal dollar salaries. Real estate will perform well, but you have to be levered before interest rates rise. It's a dicey proposition, but not bad at all.
Gold has storage costs but it is a decent inflation hedge. But you are likely paying a 20% premium up front and you can't do much with it. Overall, I don't like it, but I understand it for purposes of diversification, it has a negative correlation with financial assets.
Bitcoin, however, is fixed in supply. You can buy stuff with it. There is no significant cost to buying or selling, and no storage cost. Maybe later we can get some interest. There is limited ability to pay for retail purchases, but that will change very shortly (at the very least, there will be a "Bitcoin" credit card where you pay the bill in Bitcoin). And it is new, people are buying it for the first time every day.
It is the best asset class to buy and hold for the reasons I gave above. And the best thing is, a lot of people haven't figured that out yet.
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I hear the British are taking over the UN High Commission for Better BBQ.
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You can pry those salt and vinegar chips from my cold dead hands.
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No but seriously I was like "Does Beyonce know about this?"
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3 hours ago, Vic Mackey said:3 hours ago, utee94 said:Or the better option, act like a fucking grownup and don't get in barfights.Yes, absolutely. Not sure why Vince after all his troubles with alcohol in the past is still going out to these places that are just a haven for him to get sucked back into that life.
He should stay home and get drunk in his garage like a normal dude.
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8 hours ago, Anastasis said:
Those are your two most important take aways from the hour plus long lecture?
No.
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6 hours ago, Anastasis said:
Haidt's thesis is much broader than just focussing on one particular type of website. It's the broader impact and balance between multiple factors during childhood psychological development. Social media is just one aspect. Independence, free play, and social interactions in the real world is another. An excerpt:
Here is a non-paywalled link to the Atlantic piece: https://archive.is/ZBCJl
Baba alluded to Haidt's proposed four point solution:
* No smartphones before high school
* No social media before 16
* Phone-free schools
* More independence, free play, and responsibility in the real world
Haidt says in this video: the world tells you "you are a balloon full of feelings and the world is full of pins". His ideas overlap 99% with Shrier, however, Shrier is much much hotter. Both are extremely evidence based.
Haidt also says in the video, about a dangerous playground: "This is good, because kids can get hurt. And that's crucial. Because if you can get hurt, then you learn how not to get hurt."
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Some stars just burn too bright............
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Yes. Yes we are.
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59 minutes ago, Macklemore said:
Israel is fighting a moral and legal war. Are you fucking kidding. 30,000 civilian deaths and starving kids is moral in your eyes. Israel is a pariah state in the eyes of most of the world and would be alone except for the corrupt politicians in the pocket of the Israel lobby.
So in your mind, Israel has the option to engage in a war of self defense, killing all the Hamas members, without killing the human shield Hamas interposed between their fighters and Israel's.
Please share these tactics that nobody else has been able to identify. You will win a Nobel Peace Prize and I will be your biggest supporter.
Arrogance and ignorance go hand in hand.
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1 hour ago, Brian Fantana said:
You want to just skip to the part where you get bodied and run away from the thread like you literally always do?
So no comment or disagreement on the substance of what I said. You posted a piece of Hamas propaganda and then described it in a completely inaccurate manner.
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16 minutes ago, Brian Fantana said:
You're an idiot. Just stop before you get embarrassed again. Or should I link to your CR posts on this subject again so you can run away sooner?
We have discussed, in this thread, examples of how civilians die in war. This an ordinary and normal part of war. It is expected. In ODS, half our casualties were friendly fire. I gave many examples of how the US targeted civilians, how schools were bombed, and there was no war crime, it was just war.
During war, bombs go astray. Soldiers might take a captive and decide to kill the unarmed captive because that guy killed his or her best friend. Controllers might receive incorrect coordinates. Intelligence can be wrong. There are a million reasons.
However, Israel is engaged in a moral and legal war of self defense. Our killing of civilians in WW2 didn't change the moral or legal argument. There is no conceivable way to frame this as terrorism. Terrorism is the opposite of a war of self defense.
We will call the PROBLEM NUMBER TWO.
My question is, do you even understand what I am saying?
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19 minutes ago, Brian Fantana said:
You want to just skip to the part where you get bodied and run away from the thread like you literally always do?
There was discussion on earlier pages of this thread about how Hamas lies constantly. For example, the report where Israel supposedly bombed a hospital, but actually bombed a parking lot, and even then I don't think it ended being an Israeli bomb. The fake report was picked up by Reuters, NPR, NY Times, Washington Post etc. And of course it was all a lie. These are the same team of guys who save up women and chidren's bodies in the freezer, put them out of the street and then blow up a bomb and say Israel did it.
Now you post a video from them and say "See - TERRORISM". Do you not understand what you did wrong?
We'll call this PROBLEM NUMBER ONE.
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4 hours ago, Brian Fantana said:
Oh and in case anyone's confused, that's terrorism.
I can explain your multiple errors in drawing that conclusion. But I would like to give you a shot at figuring them out yourself.
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1 hour ago, Brisketexan said:
I confess that I have a weakness: I think that mean people suck.
I guess they really are the poor, mistreated portion of our society. We should definitely treat them with kid gloves, and empower their shittiness.
Naah, I'll keep on loathing people who don't give a shit about others/have zero empathy for their fellow human beings, who celebrate cruelty, and champion being shitty. I'm good with that. The one group I'm not very tolerant of is that group.
Surly's own Al Sharpton race baiter thinks mean people suck LOL. Almost every single one of your posts is an attack on other posters. I can provide examples if you prefer.
I say with no hostility, you should take a break. You are out of control.
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4 minutes ago, Sawbonz said:
If someone tweets stupid bullshit, why would I be expected to sift through all that to find any valid and thoughtful points that person may have?
Because what they have to say in a long form interview is thought provoking, unique, and a valuable contribution?
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16 hours ago, Texas Wahoo said:
Show me a loss!!!!
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6 hours ago, Frank Drebin said:There have always been and always will be plenty of bad things to worry about. Prior couple generations to me had the great depression, dust bowl, world war, literal starvation, civil rights and racial strife, nuclear war drills, polio, possibility of getting drafted and sent to ‘Nam, etc.
Anyone making an argument that times are tougher now than they have ever been is a legitimate LUNATIC. Prior generations had WW2 and Vietnam to deal with. I grew up with double digit unemployment, the constant and very real threat of nuclear armageddon, 20% mortgages 15% inflation. Cities were wastelands, oil was embargoed, NYC was the murder capital of America. People were still watching black and white TVs, pop music meant Debbie Gibson, and I remember when my school got its first computer. Cable TV, microwaves, and VCR's were brand new and costed more then than they do now.
We live in an age of massive and shared prosperity. People are obese, not starving. The existential angst has very little to do with economic privation. As a factual matter the argument is makes no sense.
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6 hours ago, Cum Rocket said:
A thread in DT that touched on housing and cost of living reminded me of this tweet I saw yesterday.
When you visualize it, it's clear that every asset imaginable is trending to zero in Bitcoin terms.
Are you making fun of the losers? Because that's just wrong. Pity them, sure. Mock them, that's just mean.
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2021 - Is inflation finally back in the conversation?
in 6th Street Journal
Posted