BITCOIN

Futuristic

ETH will be the better play for the next 3-6 months over BTC. 

Zola.

Futuristic said:

ETH will be the better play for the next 3-6 months over BTC. 

Bitcoin will be the better play forever over ETH.

Malthusian

Adyinvestment said:

**IF** you could store your money on a UK regulated exchange in a UK regulated stable coin and earn 10% + without any concerns about losing your capital, do you not think this would change the amount needed for retirement?

If you want £30k a year to retire you may only need £300k or less, compared to around the 1 million using a 3%ish often quoted safe withdrawal rate on this forum.

Even if taxed as income this is very favourable. But granted there are a lot of assumptions in this at this time.

And what underlying businesses will fund these amazing risk-free returns of 10%pa after all their costs?

If they can generate 10%pa interest in stablecoins, and if a stablecoin is as good as the equivalent fiat coin, and if these underlying investments are scalable enough to fund the retirements of the entire UK retail investor market, why bother waiting for the UK Government to spend years changing regulations? (Especially while it faffs about with selling Platinum Jubilee NFTs to the middle-aged sons of people who buy commemorative Charles & Diana wedding plates.)

Why not just hire an investment bank and raise capital from the mainstream financial markets to fund the expansion of these sources of revenue? If you can pay 10%pa in stablecoin, and if stablecoins are as good as the equivalent fiat, then you can skip the stage where the investors convert their stablecoins back to fiat, and just offer investors 10%pa in fiat.

darren232002 said:

It may be unpalatable to you, but yes; the freedom to transact extends to people you may not like. Enforcing rights for people you may not like is the only true test of whether you actually believe in those rights at all. "I may not agree with what you have to say, but I will defend your right to say it."

Thank you. Someone has at last been honest enough to answer my question on page 198, and confirm they are in favour of Russian oligarchs being able to evade sanctions if it drives the adoption of crypto and makes number go up.

It's not going to be a very popular opinion but the idea that both rioting lorry drivers and oligarchs should be able to keep their money out of the control of democratic governments and the rule of law is at least consistent.

NFTs were never about the 'future of money.' They have never promised to be anything to do with currency or money actually; especially because a key characteristic of money is fungibility and y'know, NFT stands for 'non-fungible token.'

No, you're right. They were about allowing everyone to get rich from RNG-generated digital pictures and women "taking control of their identities" by attaching it to an NFT and then selling it to middle-aged men in Dubai. And making people rich by buying memberships of an "exclusive" Internet forum and then selling it to someone else for a higher price. Even though the idea behind an exclusive members' club is that you get rich and then you get in, not the other way round.

And now they're going to help reduce the Government deficit by flogging Royal Mint NFTs. (Yep, one of those same Governments that creates the need for crypto by printing worthless paper.) The pace of change is staggering.

User232002

Malthusian said:

Thank you. Someone has at last been honest enough to answer my question on page 198, and confirm they are in favour of Russian oligarchs being able to evade sanctions if it drives the adoption of crypto and makes number go up.

Yawn. Its also allowing quick and efficient transfers to the Ukrainian government and allowing victims of war to flee with their prior accumulated wealth. That's the point of a free transaction layer - it can be used by both the 'good' and the 'bad' guys.

When a system no longer works for a participant, it is not surprising that they seek alternatives. This is how the game theory starts; participants with little to lose and lots to gain will always be the first to defect.

Malthusian said:

It's not going to be a very popular opinion but the idea that both rioting lorry drivers and oligarchs should be able to keep their money out of the control of democratic governments and the rule of law is at least consistent.

Stop it. Nobody is advocating for avoidance of the rule of law here. If you want to seize assets, you go to a judge and ask. Using executive powers in circumstances they were not designed for to seize private assets is not the rule of law or the act of a democratic government.

Malthusian said:

No, you're right. They were about allowing everyone to get rich from RNG-generated digital pictures and women "taking control of their identities" by attaching it to an NFT and then selling it to middle-aged men in Dubai. And making people rich by buying memberships of an "exclusive" Internet forum and then selling it to someone else for a higher price. Even though the idea behind an exclusive members' club is that you get rich and then you get in, not the other way round.

And now they're going to help reduce the Government deficit by flogging Royal Mint NFTs. (Yep, one of those same Governments that creates the need for crypto by printing worthless paper.) The pace of change is staggering.

At this point, you're just inventing arguments that nobody is putting forward to rant against. 

Futuristic

Zola. said:

Futuristic said:

ETH will be the better play for the next 3-6 months over BTC. 

Bitcoin will be the better play forever over ETH.

Maybe if you're a maxi and not looking to maximise returns BTC failing as SoV and inflation hedge, identity crisis. More likely ETH does a 2-4x from here then BTC can do a 2x. Great enough return for most people to take profit. 

If ETH merge to PoS is successful, it becomes significantly environmentally friendly and deflationary. Arthurs last post surprised the crypto community as he's always been btc giga bull but now wants to have 75% ETH / 25% BTC split allocation  

sabretoothtigger

Invest is the incorrect word, its a commodity. AT best you would not say I invested in some dollars before you go on holiday because though some gain were possible you dont expect yield just for holding it. BTC is speculative not investment in any yielding process, you have a commodity in that system. 

No idea why you are quoting stuff I posted a year ago, changing dates and passing it off as your own.

 Karma

 police
 arrest this man.

Zola.

Futuristic said:

Zola. said:

Futuristic said:

ETH will be the better play for the next 3-6 months over BTC. 

Bitcoin will be the better play forever over ETH.

Maybe if you're a maxi and not looking to maximise returns BTC failing as SoV and inflation hedge, identity crisis. More likely ETH does a 2-4x from here then BTC can do a 2x. Great enough return for most people to take profit. 

If ETH merge to PoS is successful, it becomes significantly environmentally friendly and deflationary. Arthurs last post surprised the crypto community as he's always been btc giga bull but now wants to have 75% ETH / 25% BTC split allocation  

What is the total supply of ETH? There is no one who can provide this answer.

There is nothing stopping the owners from manipulating it in their favour.  It is a centralised mess of a coin, managed by venture capitalists who have only their own interests at heart. They also chop and change policy and frankly are making a dogs dinner of it. They also have other POS coins like Solana breathing down their neck.

Bitcoin is a very simple protocol which has no competitors and is the clear winner, it is the only one that matters. If Bitcoin fails, everything fails.

POW is a feature, not a bug. it ensures actual decentralisation and security.. POS is just centralisation, which we already have in spades. 

User232002

sabretoothtigger said:

Invest is the incorrect word, its a commodity. 

Commodities seem to have done better than most other things in recent times. Gold has been on a right tear since 1970. Probably something in that.

sabretoothtigger said:

AT best you would not say I invested in some dollars before you go on holiday because though some gain were possible you dont expect yield just for holding it. 

ETH has a yield. Carry trade in BTC counts in my book too.

sabretoothtigger said:

BTC is speculative not investment in any yielding process, you have a commodity in that system. 

Eventually, the world will wake up and realise that BTC is the risk off trade, not the risk on one it is purported to be.

sabretoothtigger said:

No idea why you are quoting stuff I posted a year ago, changing dates and passing it off as your own.

 Karma

 police
 arrest this man.

I've no idea what your point is.

This poster, mooneysaver, has been copying and pasting random thoughts, usually about meme & scam coins, in to this thread for the last two years. It seems somewhat relevant to point this out to others; you have to question the motives of such an act, particularly when no comment is made on the material posted. 

RolandFlagg

There's a new Gemini report out regarding Crypto adoption.

Lark Davis does a decent job of breaking it down:

https://www.youtube.com/watch?v=FUNrUmtkCkg&ab_channel=LarkDavis

"I'd rather hold Bitcoin than Bonds" Ray Dalio.

"I now have 50% of my personal net worth in Bitcoin" Bill Miller.

"Relative to gold, it has advantages, You don't have to pay to store it, it's not challenging to send it someplace or move it around, and you can spend it — which you can't do with gold. If Bitcoin is a flash in the pan then it's a very long pan" Howard Marks.

Scottex99

@Zola.

Quote format being weird and can't be bothered to figure out how to fix it with the UI on here from 2006.

Valid points on ETH but I disagree.

Being a massive maxi will be fine long term (as I'm a bulltard, BTC has no top when fiat has no bottom etc) but I think you're missing out. 

Maybe that's missing out on gains from alts, from DeFi from Yield Farming etc. Maybe that's missing out on finding and learning how protocols work on ERC20 or any of the other L1s, SOL/LUNA/AVAX/FTM etc. Maybe that's just being bored watching your 5 BTC possibly make you a millionaire one day.

BTC is the flagship ofc and the original and best. 95% of coins will go to 0. But ETH and other blue chips wont.

Someone already made the point that it's easier for ETH to hit $10k right now than it is for BTC to get to $100k and I'd tend to agree. They are both going well beyond that anyway imo. 

If noobs ever ask me, I always say that the best portfolios are majority BTC & ETH. Personally, ETH is my biggest bag, with BTC 2nd (might be LUNA now but close enough).

I don't care about the Flippening etc but I do like looking at new stuff, being a maxi and writing off the rest of the industry would feel weird to me...