Jump to content

Hal Finney

crowd sourced
  • Posts

    79
  • Joined

  • Last visited

Posts posted by Hal Finney

  1. Don't expect anything exciting. This was all mopped up long ago. I don't believe authorities ever searched the island, or were slow to do so. That is where the juicy stuff probably was.

  2. 3 hours ago, bernorange said:

    Double whammy hit BTC today - (all) markets pricing in rate cut skepticism (folks finally realizing earlier euphoria over Fed pivot might have been overstated) and tweets casting doubt on SEC spot BTC ETF approval. 

    You had to figure degens levering up before approval of ETF would get washed out somehow.

     

  3. 1 hour ago, FirstTimeCaller said:

     

    What happens if Saudi Arabia or some other entity decides to buy and hold as part of its national wealth fund? That seems plausible to me. 



     

    There’s a good chance that a country like Saudi Arabia does come out as BTC holder during this bull run. They could be buying on the open market. Or they could be dipping their toes into mining. The oil and gas industry as a whole is becoming more involved in bitcoin mining, why wouldn’t the larger producing countries do the same?

     

    The other real wildcard is I’d be shocked if Russia is not mining or purchasing bitcoin already. 
     

    1 hour ago, FirstTimeCaller said:

    It also seems clear that its use case is not as a currency but as a store of value. So is the best case scenario that it gets close to the market cap of gold? In that case, it's about 14x today's prices (assuming gold demand wasn't cannibalized by BTC). But would it ever get near gold? After all, you lose your key and the BTC is gone forever. With gold, at least it's still somewhere even if you don't actually hold it. 

     

    I think gold market cap is a good medium term target. Eventually I could see it taking some flows away from assets previously deemed to be risk free.

     

  4. Looks like Fudgy came through to defend the honor of one of the most disingenuous politicians we have. Lolllll

    2 hours ago, Fudge Nuggets said:

    Pretty much 

    Gonna be a long bull market for you. The significant number of market participants is going to increase dramatically. 
     

     

    And while the etf is not the ideal way to hold BTC, I think this will hold true. 
     

     

     

    • Hook 'Em 1
  5. On 12/18/2023 at 6:40 PM, Ghost of LL said:

    justify the costs of the SPR.

     

    what are the costs? 

     

    On 12/20/2023 at 9:22 AM, Storm the Field said:

    Oh the vibes they are a changin'...

    Best economic sentiment readings in 6 months. 

     

    On 12/18/2023 at 7:25 PM, Neonmoon said:

    The difference being Nixon engineered the rate cuts by instructing his buddy Burns to lower them in 1972 for political reasons (get elected) and had nothing to do with inflation. (there are recorded tapes of it). I doubt Biden called Powell up and asked for rate cuts before the election but I’m sure it will seem that way to certain people. 

    Raging economy, but rate cuts already being priced in for 2024 off of Powell's change in tone. Hard not to see a political angle.

  6. 58 minutes ago, Captainant said:

    lulz are yall just reposting shit from the twitter replies on GRUhorn's tweets? I swear, there's a weird hivemind of rhetoric from the crypto space

    what are you going about? what is the hivemind saying?

     

    1 hour ago, bernorange said:

    Warren is a dishonest actor.

    yep. 

    Champion of the little guy, pushing legislation written by bankers. lol

     

     

    • Fuck You 1
  7. On 12/3/2023 at 4:44 PM, Goliad said:

    Nocoiners will cope and seethe instead of trying to figure out what they’re missing, to their detriment. 


     

    1 hour ago, Captainant said:

    Yeah the fresh injection of new money will definitely keep the music going for another cycle or two. North Korea is one of the biggest winners with the potential BTC price moonshot 

    Don’t forget Russia, Hamas, Iran and so on! 
     

    Yawn
     

    Never mind that USD cash money homie supports the most illicit activity around the world. 

  8. Pretty bullish on the price after watching this. $1T in ETFs globally. If 1% of that is passively allocated into BTC etfs that’s $100B slowly over the course of a year.  At the current price of 40k that’s 2.5 million BTC. There’s not that many sellers out there. Price will have to go substantially higher. 
     

     

    ETF is so bullish for the price that I wonder how they can let it happen, honestly.  Still possibility of some fuckery.

     

     

  9. 1 hour ago, Captainant said:

    I just don't understand the value proposition of a trustless and decentralized ledger system for supply chain management. There are not any architectural benefits to adding layers of complexity and abstraction to supply chain management - it's ultimately a matter of information assurance and access management. Both of which are substantively handled by existing systems that are far more efficient and easier to implement - while fully guaranteeing idempotent, tamper-proof, and accessible management of the information.

     

    I have not yet heard a compelling technical argument for improvement by way of integrating blockchain into any record keeping system - especially ones that are already centralized by business and/or regulatory necessity.

     

    For once, we agree. 

     

    21 hours ago, bernorange said:

    Ethereum appears to have some serious issues to solve:

    More (long):

    https://www.coindesk.com/tech/2023/12/06/ethereums-censorship-problem-is-getting-worse/

     

    Proof of Stake is a poor path to choose if you want decentralization and censorship resistance. All in the name of being environmentally friendly or "green". The bad news is people that use that criticism against BTC for example don't really GAF about that and will find something else to use against Eth and its proponents. You're really better off not caving an inch to the people resisting. 

×
×
  • Create New...