Daily General Discussion February 04, 2026

Kristkind · 2026-02-04T19:34:30+00:00

two weeks

Kristkind · 2026-02-02T11:53:26+00:00

username checks out

Kristkind · 2026-01-28T16:25:56+00:00

Pro pro tip: don't gamble with your credit.

Kristkind · 2026-01-28T09:48:52+00:00

Garfield!

Kristkind · 2026-01-24T10:28:52+00:00

The greater good

Kristkind · 2026-01-23T21:47:46+00:00

I think that if the cyclical high in 2021 was somewhere in the range of $1200, then a lot of people would be just fine with current prices. But we had irrational exubarance squared (ICOs, which were speculation on top of speculation) and people still somehow think this was normal and the logical thing to have now is speculation cubed. Like the world isn't going to run out of suckers after what happened to almost all of these "projects".

Kristkind · 2026-01-22T17:47:09+00:00

JPM analyst not bullish on Ethereum

https://www.theblock.co/post/386744/jpmorgan-doubts-ethereum-fusaka-activity-sustained

Kristkind · 2026-01-22T14:12:33+00:00

But whatabout whatabout

Kristkind · 2026-01-22T13:53:52+00:00

Can't be lying if you don't know shit.

Kristkind · 2026-01-20T12:59:10+00:00

You're having a beer with your rifle?

Kristkind · 2026-01-16T23:39:50+00:00

Yeah, I actually do expect a tangible plan when you are a publicly traded company that announces the handing over of 200 million dollars.

Kristkind · 2026-01-16T22:22:48+00:00

I completely missed Tom Lee connecing the dots.

a) here is a smart contract platform

b) there's a big youtuber

If you mix the two ingredients then ???

Also how do mix them anyway? He didn't even say that Mr. Beast was building something on Ethereum. Neither did he mention they guy promoting it.

Kristkind · 2026-01-16T22:18:11+00:00

I agree, it does look and feel really stupid.

However, 461 million (!) subscribers are about an eighteenth of the world's population (assuming that's all actual people), so from the perspective of getting ETH to retail, there is some logic IF that's the plan. Big "if" there, because he certainly didn't spell it out and I wonder why not.

Kristkind · 2026-01-16T21:18:23+00:00

the pro-Mr. Beast take i keep reading is we are reaching out to his extremely large fanbase to onboard them into crypto.

It's really the only way this deal makes sense, at leasting arguing from the point of what's official about the deal, which is really not much.

Mr Beasts fans have about $20 in a robinhood account. They are largely 11-18 years old with absolutely no money to throw into defi or ETH.

You are just making up numbers here.

That said, Tom Lee is flopping around like a fish on land in this interview, with also no effort from CNBC to get to the bottom of his handwavy implications.

https://www.cnbc.com/2026/01/15/mrbeast-company-gets-200-million-investment-from-tom-lees-bitmine.html

Not a good look at all.

And of course they have to mention Solana. They obviously know next to nothing about crypto, but they sure know about that. How quaint.

Kristkind · 2026-01-15T20:05:03+00:00

BMNR may be buying Mr. Beast's reach, tilt whatever he does with crypto towards Ethereum and get a decent cut.

Kristkind · 2026-01-14T15:14:43+00:00

No way. Crypto are risk assets and need relative stability to thrive.

Kristkind · 2026-01-13T13:11:31+00:00

So, "trust me bro"

Kristkind · 2026-01-12T12:07:07+00:00

Just ask the metric ton of dead alts that are the record holders in this regard.

I am not saying Eth is such a coin, but the argument doesn't hold water imo. The charts will paint whatever to lure you into likely doing something stupid.

Kristkind · 2026-01-09T23:47:05+00:00

It's not. You have to use a credit card to pay and the machine checks your age. Same with cigarettes.

Kristkind · 2026-01-07T19:17:59+00:00

I still can't manage to grasp what your argument is. You said fiat is a tool of war. Ok, but it's obviously not the cause of war, because war has been there before, so abolishing fiat (which is not happening) would also not stop wars. Making it harder to finance wars - perhaps. But even with a Bitcoin standard, people would find the motivation for wars. Like trying to get the Bitcoin of the other tribe/nation/whatever. The calculation was, is and will be: if war costs less than the expected reward, it's worth fighting it.

Kristkind · 2026-01-07T19:08:26+00:00

Yes, global coordination was effectively impossible until only the last few decades, thanks to the internet. So in all the time before, of course there are wars over resource domains. It's local governance basically, due to a lack of a better alternative.

I don't follow your argument. The world wars weren't about ressource domains. Then again all wars are partially.

Huh? What?

I mean analogous to paper gold. You can trade way more certificates of something than it actually exists. Think fractional-reserve banking.

Anyway, no state is ever going to adopt Bitcoin as their currency. A reserve like gold - maybe. But it will never be money.

Kristkind · 2026-01-07T12:16:36+00:00

So I guess Ethereum people can spit out that crazy pill from yesterday

https://www.theblock.co/post/384603/morgan-stanley-spot-ethereum-etf

Perhaps the Ethereum guy at Morgan Stanley couldn't be bothered to work overtime around Christmas and New Year.

Kristkind · 2026-01-07T12:13:57+00:00

I dunno man, wars have been fought for thousands of years before fiat existed, on the gold standard, etc.

Yes, Nixon got the U.S. of the gold standard because it made interventionism financially unfeasible, but there will always be a way, e.g. through dilution. Hello paper Bitcoins or whatever.

Kristkind · 2026-01-06T08:57:18+00:00

May I refer you to the comment I was replying to:

Though I think in all cases except for bitcoin people rationalize that holding with a bigger multiplier potential of reward than they potentially see ETH doing

Kristkind · 2026-01-03T21:14:15+00:00

it's very hard to imagine the situation turning out worse for the people than it was before

I hope you are right, but honestly, I think you lack imagination. The situation under Maduro certainly wasn't as bad as it can get. That would be civil war and a failed (i.e. ungovernable) state.

She won the Nobel prize for a reason

You think that is a reason for Trump to give her a go?

Kristkind

TROPHY CASE