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Thetexashammer

Certifiably Surly
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Posts posted by Thetexashammer

  1. 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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  2. 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."

  3. 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.

  4. 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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  5. 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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  6. 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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  7. 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.

  8. 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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  9. 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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