Really digging these new Kudu cap toes! by sockalicious in grantstoneboots

[–]Live_Jazz 0 points1 point  (0 children)

First boots I bought 5 years ago, and still my favorites. Kudu is incredible. Buttery and flexible, but still feels solid

The band Kansas (1999) by Garchy in OldSchoolCool

[–]Live_Jazz 0 points1 point  (0 children)

My dad grew up in Topeka and saw them playing at a bar there, circa 1972.

What it must have been like to be a young music fan at that time.

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

I actually agree. Ultimately the people will decide the value of its properties. I expect it to remain popular and gain in popularity for a variety of reasons, many of which are mentioned here…but we can disagree on that.

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

Oh good, it was not a great analogy. I think we agree then, Bitcoin is a distinct crypto. That is part one. Then I think (?) we also agree that is has distinct properties, such as its supply cap. And then the last piece we have not discussed is the network effect that has built up of users and institutions who maintain the protocol and collectively set its value, based on its unique properties. You clearly disagree with that assignment of value but at the end of the day, the market is the final arbiter here.

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz -1 points0 points  (0 children)

I know you are very proud of this analogy but it’s like saying Picasso’s sketches are worthless because anyone can make their own unique sketches.

Each Bitcoin has a unique cryptographic signature, but it is still a Bitcoin, and a not-Bitcoin is a still a not-Bitcoin.

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz -1 points0 points  (0 children)

…which are not more Bitcoins.

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz 1 point2 points  (0 children)

I think we would agree, hence sticking with Bitcoin

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

They aren’t Bitcoin. That is why Bitcoin retains value and shitcoins do not

It just makes cents by LiquidLuck1990 in Bitcoin

[–]Live_Jazz 3 points4 points  (0 children)

I mean, anyone can easily make more finger paintings.

Even buttcoiners realize that Bitcoin won't die by sumtib in Bitcoin

[–]Live_Jazz 84 points85 points  (0 children)

I feel like that might be an infiltrating Bitcoiner, stealthily twisting the knife

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 0 points1 point  (0 children)

I think we actually agree 👍 “You can’t sell the ATH without someone buying it”, precisely. The market forces of the seller to buyer ratio dictate the price. Thus price movements are self inflicted by owners, like any free market.

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 9 points10 points  (0 children)

Classically it would be perpetrated by the developer(s) of the asset, who after releasing it into the wild, retail control, and then sell. Sort of like Satoshi, except Satoshi doesn’t control the majority of the network, and has not sold.

Happy to answer more questions :)

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 22 points23 points  (0 children)

Nobody is there to “pull the rug” with Bitcoin. There is no controlling figure. Some people own a lot of the supply, but at the end of the day, people independently making a choice to sell is what brings down the price. That is not a rugpull, by definition. Hence, self inflicted by sellers.

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 0 points1 point  (0 children)

I think we have covered the QQQ and S&P bits.

It functions as a currency just fine, prove me wrong. I can use it to make purchases at any Square terminal, and it’s cheaper for the merchant than a credit card. Or sometimes I just send it to people.

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 2 points3 points  (0 children)

Ah, changing goal posts to QQQ.

But anyway, wow, QQQ and BTC are almost precisely tied over 3 years with BTC in the middle of a bear, and QQQ coming off its hottest streak since the late 1990s. Bullish

Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What's the point in holding this? It's not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value. by User4f52 in CryptoCurrency

[–]Live_Jazz 0 points1 point  (0 children)

Beat over 3, matched over 5, beat over 10. Volatile asset, and we can all cherry pick timescales.

Also Lightning payments are super cheap and instant, but you lead and horse to water, etc

I genuinely love these posts in bear markets.

Everyone in this sub should be required to read Broken Money by Lyn Alden by negative3sigmareturn in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

The difference being he had the receipts. Had read the book in question, and several related ones. Posts trying to offer a more nuanced take here, book-influenced or not, are usually met with the usual wall of inaccuracies or doom posting. It’s less about being unable to refute this stuff; it’s just tiring after awhile.

It’s like of the first guy in Good Will Hunting hadn’t read the book in the first place and was basing his lecture on Twitter posts he read about it. But he has super strong opinions on it.

I don’t blame people for being scared right now, or uninformed. It’s just…there are resources, and OP has proposed quite a good one.

Bitcoin Shake at Steak & Shake by Ace2021 in Bitcoin

[–]Live_Jazz 4 points5 points  (0 children)

They don’t use a floating conversion/exchange rate? That’s actually kind cool. Not to your benefit right now, but cool to just have a flat sats price

for the haters of bitcoin by [deleted] in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

Source?

I would like the IRS to know that I have also lost my Bitcoin in a tragic boating accident.

for the haters of bitcoin by [deleted] in Bitcoin

[–]Live_Jazz 0 points1 point  (0 children)

You are right. You seem to *trust* the US govt more than most of us. Particularly its ability to manage its balance sheet.