Labubull
782 posts
Labubull
@cskatrium
The problem is that idiots are full of conviction, and the smart ones are full of self-doubt.
Katılım Haziran 2020
498 Takip Edilen98 Takipçiler
Binary choice: Own a £300k house with a mortgage or own £300k of dividend stocks in an ISA? One costs you £1,200/month. One pays you £1,000/month. Both can appreciate. Only one is liquid.
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Imagine being Trump:
> Netanyahu tells you to attack Iran
> You refuse
> Mossad drops a teaser from Epstein files labeling you a pedophile
> You attack Iran
> Netanyahu pushes for a false flag against the GCC
> You refuse
> Today, files drop: You raped a 13yo girl.
Jon Cooper 🇺🇸@joncoopertweets
Holy shit. It’s time to subpoena Trump! 😡
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@1MarkMoss @chamath The only reason, and the absolute only reason why Bitcoin’s privacy hasn’t become a much more of an issue is because BTC is still a tiny asset class, fraction of Gold’s market cap, and barely anyone uses it for transactions.
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If you think about what @chamath is stating…
CBs won’t use BTC because it’s not “private” and in his example, CBs wouldn’t be able to hide how much assets they do or don’t have?
So if they can’t lie and deceive they won’t use it? Ok got it. 🫡
When trust is gone… we need a neutral open source money and network
Dan Held@danheld
Retarded boomer FUD. It’s perfectly fungible, there is no pricing differential between coins. If you privacy, use L2s or ETF.
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Why can’t you Bitcoin maxi retards just admit that the lack of privacy in Bitcoin is an issue and BTC is not as perfect as you think it is? Even the creator of Bitcoin, Satoshi himself said Bitcoin’s lack of privacy is an issue.
“If you privacy, use L2 or ETF”. What a retard thing to say.
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Retarded boomer FUD.
It’s perfectly fungible, there is no pricing differential between coins.
If you privacy, use L2s or ETF.
Vivek Sen@Vivek4real_
BREAKING: 🇺🇸 BILLIONAIRE CHAMATH PALIHAPITIYA JUST DROPPED A MASSIVE WARNING AGAINST BITCOIN: “THERE’S A STRUCTURAL FLAW IN BITCOIN.” “BITCOIN LACKS FUNGIBILITY AND PRIVACY.” “IT CAN NEVER BE A HOLDING OF A CENTRAL BANK.”
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What happened to “not your key, not your coin” arguments that Bitcoin bros used to love? Especially now they are pushing ETF for “privacy”.
Ben Sigman@bensig
Bitcoin privacy debate is missing the key question: Privacy from WHO? The blockchain? ETF solves it. BlackRock? ETF solves it - they don't know the ultimate owner. Other governments? Layered entities solve it. Your own government? Nothing in TradFi solves that... Chamath is giving an individual sovereignty critique and then masking it as institutional sovereignty. Those are different problems.
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You are the one missing the point here. The key argument his making for institution is that lack of privacy reduces the fungibility of bitcoin. For institutions, the history of bitcoin matters even more(I.e does the bitcoin have the history of interacting with shady wallets?) and this leads to 1BTC is no longer 1BTC.
Also if you have to rely on ETF for privacy, then you can’t call Bitcoin as money because you can’t use it for settlement without breaking the privacy. If it’s not money, then what exactly is Bitcoin?
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Bitcoin privacy debate is missing the key question:
Privacy from WHO?
The blockchain? ETF solves it.
BlackRock? ETF solves it - they don't know the ultimate owner.
Other governments? Layered entities solve it.
Your own government? Nothing in TradFi solves that...
Chamath is giving an individual sovereignty critique and then masking it as institutional sovereignty.
Those are different problems.
Eric Balchunas@EricBalchunas
ETF fixes this. Totally private. Next question.
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@sweeendogz @Vivek4real_ In AI age, ‘sufficiently private’ means shit. Using simple tools it can easily be monitored, tracked, confiscated by force.
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@Vivek4real_ By design. Sound money has 6 (or 7) properties. Privacy is not one of them. Its sufficiently private (pseudo-anon) and its objectively fungible unless you wanna be dick and track UTXOs tf its only subjectively lacking fungibility. This is the Sly roundabout way bitcoin wins.
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Banks need to be regulated this way because they are allowed to take $100 of your money and lend out $900 to make money. Stablecoin issues are not asking to do this.
Matt Hougan@Matt_Hougan
This is a specious and disingenuous argument. Stablecoin issuers don’t want to be fractional reserve banks that make risky loans and therefore need heavy regulation. They want to be fully reserved money market style products that exclusively hold ST Treasuries. We shouldn’t let Jamie get away with fake logic and false comparisons. He knows better.
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@Matt_Hougan #Bitcoin hasn’t changed last 16 years. Why do you think it will change now? It’s even less likely to improve.
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Some hear criticism; I hear opportunity.
These are the reasons bitcoin is 4% of size of gold. If these critiques did not exist, bitcoin would already be ~$750,000/coin. I invest in bitcoin in part because I am confident these things will change over time.
Simply Bitcoin@SimplyBitcoin
Ray Dalio just warned against Bitcoin: “No privacy.” “Central banks won’t buy it.” “Quantum risks.” “Small, controlled market.” Funny. Those same critiques were made at $100.
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@SimplyBitcoin Privacy is not so much of an issue when it was only worth $100. As the price of #Bitcoin goes up, it becomes bigger and bigger issue.
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Ray Dalio just warned against Bitcoin:
“No privacy.”
“Central banks won’t buy it.”
“Quantum risks.”
“Small, controlled market.”
Funny.
Those same critiques were made at $100.
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@BullishBecker @scottmelker Lol. They take $100 from you and lend $900, not $90. If you don’t understand this point, you have no idea how modern day banking works.
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@scottmelker Someone needs to explain that all those requirements banks have are because they get $100 from you and lend $90 pay you 0 and keep all the yield.
If you bring $100 and $100 are kept those requirements aren’t needed
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WATCH: JPMORGAN CEO JAMIE DIMON SAYS STABLECOIN YIELD MUST FOLLOW SAME RULES AS BANK INTEREST PAYMENTS
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@Ad_Tel_210168 US has the dollar printer so this is a redundant point.
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Iran apparently had some 8,000 missiles inventory & drones even more. All these cost only 20-250,000 USD.
USA-Israel need ~5 interceptors, each costing 1,000,000+ USD to stop 1 incoming Irani missile.
Iran can keep this up for months. USA-Israel can't.
AND North Korea may
1/2
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🚨 $QUBIC Reached 1 Billion Marketcap before:
💻 80% $XMR block domination
🔻 80% supply cut
📈 Listed on 10+ exchanges
✅ Certik audit: 91%
⚡ 15M TPS (yes, million)
⛏ Halving slashing miner rewards
🪙 UPOW mining fueling AI + XMR burns
🧠 Top AI scientists onboard
🔒 QEarn lock squeezing supply
And despite all this? Still just $60M market cap.
At the helm: @c___f___b — aka BCNext, Satoshi — the mind behind $NXT & $IOTA, two of the biggest ROI runs in history.
This time will hit even harder.
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@geekinlucci @usoppu Did you even read? He INHERITED. He never worked for his rich in the first place.
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Met a friend for drinks and heard a soul-crushing story from him.
A mutual friend inherited millions at early 20s. He spent years traveling the world-zero worries, total freedom
Then he decided he was a "trader"
He just lost 90% of his net worth on crypto and leverage. No real estate. No index funds. No safety net. He’s now stressing about having to start searching for his first-ever job.
If you’ve already won the game, stop playing.
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@TheBTCTherapist It means he can also lose $70 million every time Bitcoin goes down $100 in price.
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Michael Saylor explains how 5 years ago it took his company, Strategy, an entire year to make $70 million and today his company makes $70 million every time Bitcoin goes up $100 in price.
This may be the world’s most efficient business model EVER. Permanent capital.
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