BITCOIN

RolandFlagg

A nice educational video for those interested:

https://www.youtube.com/watch?v=ZKwqNgG-Sv4&ab_channel=ArtoftheProblem

Scottex99

That's nicely made. Reminds me how little I understand how the BTC POW actually works though!

Must have been made pre the last halvening too as it's 6.25 now.

Well worth a watch for anyone who doesn't believe in how the network works and why it's never been hacked or been offline too

Zola.

The longer the chain gets, the harder it is to hack.

So every day that passes by without failing, the harder it is to shut off and the stronger the network becomes. In the early days, it could have been easily killed via a 51% attack (gaining more than 50% of the chain). That is practically impossible today. 

Explainer here:

https://www.youtube.com/watch?v=ncPyMUfNyVM


Bitcoin has no owners, no face. Anyone can also fairly easily run a Bitcoin node if they download Bitcoin Core. This is what makes it the only truly decentralised crypto asset. If you cannot do this with any other "crypto", then it is not truly decentralised. This is why 99% of other "cryptos" will eventually fail. Bitcoin has already won. 

For those who prefer to read, this is recommended.

https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

adindas

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

tebbins

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.

Zola.

https://www.reuters.com/business/finance/us-regulators-exploring-how-banks-could-hold-crypto-assets-fdic-chairman-2021-10-26/

Probably nothing.

onomatopoeia99

tebbins said:

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.

So you buy a painting, give it away and claim back against tax, so you "earn" your marginal income tax rate on giving away the purchase price as a one-off tax rebate, so end up much worse off and with no painting?

I don't think you understand what a P/E ratio is.  Care to try again?

tebbins

onomatopoeia99 said:

tebbins said:

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.

So you buy a painting, give it away and claim back against tax, so you "earn" your marginal income tax rate on giving away the purchase price as a one-off tax rebate, so end up much worse off and with no painting?

I don't think you understand what a P/E ratio is.  Care to try again?

It was a joke answer to a joke question...

https://www.google.com/amp/s/www.artsy.net/article/artsy-editorial-uk-collectors-art-donations-lower-taxes/amp

https://forums.moneysavingexpert.com/discussion/comment/78689914/#Comment_78689914

https://forums.moneysavingexpert.com/discussion/comment/78567735/#Comment_78567735

https://forums.moneysavingexpert.com/discussion/comment/78685382/#Comment_78685382

https://forums.moneysavingexpert.com/discussion/comment/78685836/#Comment_78685836

https://forums.moneysavingexpert.com/discussion/comment/78644184/#Comment_78644184

https://forums.moneysavingexpert.com/discussion/comment/78600610/#Comment_78600610

RolandFlagg

P/E ratios have very little place in modern investing.

Amazon once had a P/E of over 3,000.
Tesla's probably wasn't far off that.

What "value" investors and Buffett disciples fail to understand is that it's all about exponential growth.

Bitcoin has a network effect (Metcalfe's law) unlike anything the World has seen before.

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

So you can take your fundamental, your P/E ratios and whatever old fashioned metrics you want to use, put them in a sack and take them down the river, because increasingly they will not have a place in modern investing.

tebbins

RolandFlagg said:

P/E ratios have very little place in modern investing.

Amazon once had a P/E of over 3,000.
Tesla's probably wasn't far off that.

What "value" investors and Buffett disciples fail to understand is that it's all about exponential growth.

Bitcoin has a network effect (Metcalfe's law) unlike anything the World has seen before.

Over the next couple of decades it will be about how millennials invest their money.
They have grown up hating the banks and loving technology, and now they have trading apps they can easily access to invest/trade/gamble.

They ain't going to be investing in Gold, Bonds or Value stocks.

So you can take your fundamental, your P/E ratios and whatever old fashioned metrics you want to use, put them in a sack and take them down the river, because increasingly they will not have a place in modern investing.

The oldest lie in investing - "this time is different".