BITCOIN

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...

Zola.

I like looking at new stuff too. The problem is the incentive for honest, organic growth with crypto currency is long gone and it appears to have been a one time thing via Bitcoin. 

Now the knowledge of the crypto currency concept is out of the bag,  all new forks and tokens will have a large incentive from the owners to be corrupt / keep a massive stash for themselves.  Lots of speculation that Vitalik made Ethereum with the backing of JP Morgan and they kept 70% of the pre mine for themselves. I also see ETH as a massive risk, they have been chopping and changing their "roadmap" continuously and I dont think they will ever move from POW to POS without massive forks and messes. That along with everything else suggests to me that their platform is poorly designed and much too complicated to be able to properly scale. Just look at their gas fees...an absolute joke.

For me I am not looking to trade or gamble on alt coins, as I believe most of them to be worthless and long term its a recipe for disaster.

I see only one currency being discussed at a national state level, on wall street etc and its for good reason. 

Malthusian

To be fair to Vitalik et al, Satoshi Nakamoto also kept a massive stash for themself. They just lost the keys.

If Vitalik owns 70% of ETH it's in his interest not to destroy his paper wealth by trying to dump it all at once and crashing the market.

I see only one currency being discussed at a national state level, on wall street etc and its for good reason.

I agree. Kind of like how the daily newspapers always bang on about the gold price and only rarely about silver or platinum, even though all three are of roughly equal economic significance. Gold will always be a prettier colour. Bitcoin will always be the first crypto.

Zola.

Some (not very exciting) updates form the bitcoin conference happening now..

- Bitcoin is legal tender and tax free in Próspera, Guatemala 
- Bitcoin is tax free in Madeira, Portugal and they are bringing in very low corp taxes for bitcoin companies.  
- Senator proposes Bitcoin legal tender law in Mexico 

More announcements later..

Zola.

Jack Mallers continues to impress - his Lightning payment company Strike has partnered with major point of sale companies (e.g. NCR - 1 in 6 terminals in the world use NCR).

This means that now you can use any non custodial Lightning wallet to walk into all the major shops - the likes of Home Depot, McDonalds etc and spend your bitcoin, instant cash settlement. The merchant can choose to receive bitcoin or cash. This thoroughly destroys the narrative that you cant spend your bitcoin anywhere.. merchant fees are almost free also (vs Visa's 3% charge). 

This will setup a merchant war with the likes of Visa, Mastercard etc. Companies like Amazon will be looking to companies like Strike for integration so that they don't have to pay these fees. Open source systems win long term, closed systems will lose out.

Another small domino...

Scottex99

Zola. said:

Some (not very exciting) updates form the bitcoin conference happening now..

- Bitcoin is legal tender and tax free in Próspera, Guatemala 
- Bitcoin is tax free in Madeira, Portugal and they are bringing in very low corp taxes for bitcoin companies.  
- Senator proposes Bitcoin legal tender law in Mexico 

More announcements later..

Not sure if Madeira has any different regs/laws to Mainland Portugal but the mainland has no Cap Gains for crypto for the next 10 years from memory. They probably incentivise the setting up of companies, buying of properties with crypto too.

Gibraltar has no cap gains anyway and I'll think we'll see a few more smaller jurisdictions following suit (for crypto). Dubai. Bahamas etc. Estonia to some extent. Malta tried to become the "Blockchain Island" and Isle of Man was even before that. Those two latter ones were failed projects due to the local banks not wanting to support crypto transactions, there's been a bit more adoption there in last couple of years too