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Satoshi

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Everything posted by Satoshi

  1. @Captainant @JimmyJamesgoIng to need to hear your alibis for this morning.
  2. Evidently the energy transition will involve a new global satellite surveillance network. Totally cool and normal.
  3. Please stop Fucking that chicken. It’s had enough.
  4. Ok. Diving into this asset class can be a bit like drinking from a firehose, but I’ll try to help. Everyone in the space should own some bitcoin. People will suggest different percentages. I gave 50 just because it’s a nice number that still lets you play with other stuff. I know that is a bit intoxicating when you first discover all of this. In actuality I would start higher on bitcoin. Personally I’m at 90%. Ideologically I align more with it and it’s been de-risked relative to other cryptocurrencies. There is slightly less upside compared to some of the smaller ones. Like maybe only 10x over the next 4-5 years but “less” risk like I said. I will spoiler a diatribe I wrote a while back when someone asked what gives bitcoin value. As far as the rest of the crypto ecosystem, it’s impossible to easily summarize even if I had all the knowledge. Basically your next best options on a bigger exchange like Coinbase will be the various smart contract protocols. They enable decentralized finance, NfT purchases, gaming shit and other things I’m forgetting or unaware of. The largest is Ethereum. It has the biggest market cap and moat. The safest bet of all these, but maybe less upside than the smaller ones if they’re successful. They’re navigating some structural changes currently. The other two big ones that are emerging as potential competitors/threats to Ethereum are Solana (Sol) and Avalanche (Avax). I’m not versed on how they technically may be superior to Eth, but they definitely have more upside but more risk as well. Others here can expand on a lot of this. The only other thing I’ll mention is please don’t buy any Xrp, BCh, BSV, or Litecoin. They’re all trash that draw newcomer’s money but not really worth following. You could make money but as someone pursuing a buy and hold strategy they should be avoided. If you have any other specific questions I’ll try to answer them. Good luck.
  5. My usual answer is that the easiest thing to do that will likely perform quite well is 50/50 BTC/Eth. Buy and hold. Especially if you know next to nothing about the space.
  6. Private companies working on fusion.
  7. I tried to find the most anodyne link available. This is the first real “official” government estimate that I’ve seen. As with most government estimates of cost, I would expect surprises to the upside.
  8. The cost of mining infrastructure and energy is kind of the point. It’s what secures the network, then you’re rewarded for doing it. It’s what makes Bitcoin so secure. Goldman Sachs doesn’t want to buy miners and electricity. They’d rather just buy 100,000 Eth and start staking to make 5% compounding interest. If they want they can buy enough sway to try to co-opt the network in some way or coordinate that kind of action. Much more difficult in bitcoin since the distributed network of nodes actually validates the transactions and approves changes.
  9. Nope. Just have never seen such a position stated. Interesting.
  10. I’ve never seen anything like this 😂
  11. Remember this tweet when you see regulators, big banks or other established financial players pump Proof of Stake or attack Bitcoin’s Proof of Work.
  12. Nice little pump tonight. Earlier today I sold a bit of my Eth and bought some Stacks (Stx). Bitcoin based defi token. Bitcoin defi is far behind Eth but if it catches on then this should be the leader. Market cap of only 2.5B. Had to go to OKcoin to buy it. Wasn’t easy, but sometimes the alpha is in just taking the extra effort to buy something.
  13. This morning my 7 Year old daughter exposed me to a whole new genre of mindless YouTube content. There’s endless video complications of overachieving moms making their kids lunches. I saw several by this fat white mom aptly titled, The Family Fudge. She then switched over to a mom that you could tell from her meals obviously had some kind of Asian background, Winny Hayes. Turns out she’s made a couple dad thirst trap videos as well.
  14. I want you to congratulate you on inventing an entirely new scientific and infectious disease concept. Well done.
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