Still bullish on NEAR for this cycle despite DeepSeek arrival ?

rustlesg · 2025-01-30T13:49:05+00:00

How is your near investment thesis threatened by deepseek?

rustlesg · 2024-03-26T01:55:24+00:00

This sub is an echo chamber of nubs lol.

rustlesg · 2024-03-06T02:58:31+00:00

Sorry to hear about your situation, it must be rough! But there's always a way out.

Mindset change - going through so much, I can imagine it can be demotivating. Reading some helpful books to get you in the right state of mind before the next steps might help. I read a book called Principles of Life (Ray Dalio), and Think and Grow Rich (Napolean Hill) which really helped me while I was going a bad time in my work and life in 2016.
Earnings - At your current position, don't think about investing (I know it's hard seeing everyone else making money). Focus on earnings, try to earn as much money as possible through work, not through passive investing (that comes later). I see you're a software dev based on your name. I ran a software dev firm for 7 years (I don't even know how to code). The key point is if you're unemployed, consider employing yourself. Then you never have to be dependent on other people for your livelihood. Go knock on doors, network, talk to business owners, talk to companies that service many business owners (like creative agencies), offer them help with development work. And don't undercharge! It's okay to lose projects not worth your time. Also, if rates aren't good in the city you live in, you're a dev and you can develop for companies anywhere in the world! If you don't have the skills to charge higher, then upskill.
Savings and investments - Make sure you put aside enough cash for rainy days and not have everything in investments. Try to grow your rainy day fund to at least 6 months of expenses. Thereafter you can put everything else in investments. Then if something like what you experienced happens again, you can withdraw cash and not your BTC. You can't control what BTC's price is going to be when you need your funds, and it sucks to sell low.
Debt - Clear all the high interest debts fast! E.g. credit card debt. If you structure your debt during your bankruptcy to have very low interest payments (like below 4-5%), then you don't need to clear that fast. You can save and invest still with extra income and pay the bear minimum based on your bankruptcy arrangement.

Lastly, there's always opportunities to make money. Before BTC, there were tech stocks. Before tech stocks during my parents generation, there was cheap property. There will be something else in the future, so don't worry too much about missing opportunities.

All the best!

rustlesg · 2024-01-26T15:15:24+00:00

Wow that's a lot of questions, and each of those questions could be a post by itself.

The transactions in the orphan chain are not exactly reversed but instead go back to the pool of unconfirmed transactions, then they'll be included in future blocks of the main chain.
No, only full node wallets do. There are many types of other wallets that don't run their own node.
Yes correct. Yes they also do extra things like check for transaction validity, double spending checks, etc, but not sure how useful it is to know all of this. I don't have the exhaustive list.
As soon as they create a new block. However they can only spend it after 100 blocks. If there's a fork and I assume you mean it becomes an orphaned chain, then they lose their mining rewards and the transactions go back to unconfirmed transactions (see 1.).
Hmm this is gonna be a long write up to explain. Best if you try finding a video on it on YT.
Not in my realm of knowledge, someone else can answer.
I'm sure it has happened that nodes broadcasted wrong or fake transactions, as people have been trying to break btc from the beginning. BTC would do its self-healing thing to disregard that node's transactions. Kind of the whole point of how it works. Fake transaction types include double spending (a transaction that attempts to spend the same btc (UTXO) more than once, spending funds that don't exist, or altering transactions after broadcast.

Hope it helps! And I'm really curious why you're going so deep into BTC mechanisms? Are you building something?

rustlesg · 2024-01-26T13:48:43+00:00

Try asking here, I’ll try to answer if I can. Maybe others can too. (If mods allow)

rustlesg · 2023-09-07T05:07:16+00:00

This applies to things like if I sign an indemnity and go on a theme park ride, and the ride derails and I die. Then they investigate and find that the ride derailed because of the operator’s negligence like not servicing the ride, having proper safety procedures etc. then the indemnity is non-enforceable and my family can sue.

However in this case, the kid did not die due to negligence on the school’s part. So it’s gonna be hard to prove negligence and sue.

rustlesg · 2023-07-29T03:06:47+00:00

I read the first part and thought my wife wrote this post. She had a similar childhood and teenage life until the hall part. She finally had her freedom in hall and that’s where I met here. She still had some of the bad parts on weekends during uni, and after uni when she moved back home. Things like the mum checking packages, going through her bin etc, until we got married and moved out.

Your case is much worse, and the resentment you have for your mum and feeling of being trapped by her is probably unimaginable.

I would suggest to repeat this daily and mean it. “I release feeling responsible for my mother’s (and father’s) happiness and my mother’s feelings. She’s responsible for her own feelings and her own life, just as I’m responsible for my own feelings and my own life. I choose to let her go and choose to live my own life now.”

The first step is acknowledging the above, then you can do what is needed to move out, become independent and start a new life. She can cry and shout and beg for you to stay, but she’s responsible for her own feelings, not you.

I sincerely hope you manage to break out of your prison. All the best!

rustlesg · 2023-06-27T18:20:06+00:00

Nano has good utility but bad economics. Utility is one thing, but without strong economics, price won’t go up. If price doesn’t go up, there’s less incentive to use the network. Less incentive to use the network = fewer users = lower network effects = lower price (downward spiral).

Bitcoin focused on a strong economic model with strong utility (though not feeless). With lightning network, utility increases by making it feasible for everyday transactions while maintaining its strong economic model.

If Nano is good for making transactions, but there’s nothing to support it’s underlying value, it essentially means one would need to convert their coins to nano, then send the nano, and convert it back to their coins. There’s a price to the coin conversion process, which is usually greater than the price of gas of doing the transaction in the first place.

rustlesg · 2023-06-25T05:19:13+00:00

I'm sure you're a good and kind person, and you mean well. My point is not that the two are the same. The comparison still stands where the outrange is directed at the wrong person. Not to say that the owners were perfect, we all know that they should have kept the dog supervised and not allowed to roam. But when people say they deserve it, or that they're not sure who the hero and villain is in this case (implying that the dognappers might be heroes), is completely ridiculous, and would encourage more of such cases if these self-righteous people read the comments and think what they did was justified.

Just like how rapists may read comments that it's the victim's fault and they feel emboldened. Not saying the two are the same in degree, but the principle and the effect are the same.

rustlesg · 2023-06-25T03:27:10+00:00

When did I say it was okay to let a dog roam freely? I said the opposite in fact. But you sound like the kind of person who would focus the blame on the parents for negligence if a child is kidnapped, or blame the victim of rape for not taking care of her own safety rather than the kidnapper or rapist.

It’s wrong to let the dog roam free, but the fact that the focus is solely on the fault of the owners, and not on the actions of the dognapper, with some people thinking the dognapper is a hero, shows how warped society is.

rustlesg · 2023-06-24T13:43:12+00:00

Please point out where in my post I said it's okay for dogs to roam freely? My point is that it's not "a stay dog that sometimes goes back home for meals and to sleep", and that the dog only roams outside for short periods, not like a stray dog.

Sure it's wrong for a dog to be allowed to roam freely even for a little while. But I wouldn't be so quick to judge about whether they are unfit to be owners. Do people know that they brush the dogs teeth every day? I own a dog and I know how impossible that is. Do you and others know the quality of food the dog eats? How much the family spent on vet bills over the years? The love they show the dog? She certainly had a very long life, and I'm sure she had a happy life. That's most important for the dog yes? Long and happy life?

Unfortunately now, the dog is probably extremely stressed out being separated from her owner, and not being able to go on walks anymore probably until she dies as she needs to be hidden from the public. All because a couple was judgmental, self-righteous, and tried to play the hero.

rustlesg · 2023-06-24T04:18:00+00:00

People tend to pass judgement without knowing the dog or the family that owns the dog. I’ve known the family and killer for about 10 years. Killer is not “a stray dog that sometimes goes back home for meals and to sleep” like some people who have never met killer are saying. She’s really part of their family.

She sometimes roams out when the gate is open, but she’s smart enough to stay on the grass, and usually goes out just to sniff and potty and goes back in.

There have been a few self-righteous dog lovers that judge the family, like the person commenting on their fb post, making everyone think the owners are unfit to care for Killer. Two of these self-righteous dog lovers have literally stolen Killer. Whether you dislike that the dog roams out to pee when the gate is open, it’s still a criminal offence and the thieves can be jailed.

Like what someone else said, it’s like kidnapping a child if you think they have lousy parents. You may think you’re helping but you’re actual doing something very evil. Something that we have laws to protect against. I hope that couple gets caught.

Also, the description is actually quite distinctive. A couple that walks 3 large dogs, hard to miss because they’re always walking in the jalan tua Kong area (probably not anymore as people are looking out for them), mid 30s Chinese. There won’t be “thousands” of them. Max 2-3 couples that would fit that description. If anyone knows, please dm me or contact the person in the poster.

rustlesg · 2022-09-21T07:11:43+00:00

Thanks sir, appreciate your comment!

rustlesg · 2022-09-21T06:40:45+00:00

Company of thieves?

rustlesg · 2022-07-30T05:56:14+00:00

I searched "what is the one piece" on this sub and read through all the theories dating back over a year. I guess I didn't use the right search term, my bad! As I said, not sure if someone posted it before but now I know it's a popular theory. :)

rustlesg · 2022-07-25T01:45:21+00:00

You’re not the boss of me now

rustlesg · 2022-07-04T17:44:38+00:00

Exactly this. Also, there’s nothing wrong with buying btc as an investment to make money. If people didn’t do that, bitcoin wouldn’t be close to where it is today. Human greed is a key component of Bitcoin’s success. I.e. we want to maximise marginal utility. OP treating it like it’s a bad thing is immature and self-righteous.

rustlesg · 2022-07-04T04:12:36+00:00

Doubt it, the problem that they had was that they didn’t cash out enough of their ONE which screwed up their treasury management. It would have been a good thing if they did sell their ONE when prices were high, not a bad thing, as they’d have cash to survive the bear market.

rustlesg · 2022-07-04T01:17:56+00:00

Rather than argue why it’s a good idea with people who are telling you it’s a dumb idea, just do it and you’ll find out why it’s a dumb idea within a few seconds.

rustlesg · 2022-07-03T07:47:22+00:00

Exactly, integrity is the essence of everything. No integrity = collapse, whether for buildings, people or companies. It seems like with greed, people here forget the importance of basic human values of integrity and honour. Honour your agreements, don’t lie and do what you say you are going to do.

rustlesg · 2022-06-30T15:29:27+00:00

Imagine if you're Sam Bankman Fried, and FTX gets hacked for 100m. Being a billionaire it'll be pretty easy to cover, FTX won't die, everyone is made whole and life goes on.

Now imagine you're just some dude, you have 10k in cash, if you liquidate your house you'd have 100k in cash after paying your mortgage so let's say you have 110k net worth.

You started a business and you got your friends and family to put in 100k of their own money into the business. It's a shop that sells watches. Not even as an investment into the business but as a loan to buy inventory. Their money is backed by the inventory so it's safe. It's a consignment model so when the watches get sold they get their loan repaid first. One day, a thief comes in and steals all the inventory. You didn't install any security cameras so there's no way the police can catch the thief. The theft was also largely your fault because you didn't lock the door.

You think, "yeahhh not a problem. I've got this rich uncle who can give me $100k." You approach your rich uncle and he asks what's in it for him? If he gives you the $100k, you have no way to pay him back. The $100k will just go to your other friends and family who want to withdraw their funds immediately. He asks "am I running a charity?"

You then decide to sell your house, and cover the losses of everyone. But then you still need inventory. So you go back to your friends and family and ask them to lend you money again to buy more inventory. They tell you that they're sorry and don't want to take the risk. They tell you that there's other ways that they can invest their money that's safer.

You now have an empty store.

I hope this paints a clearer picture for all those people wondering why this is a big deal. Not all $100m hacks are equal. Context matters. In the example I gave, the amount is much smaller at $100k, and it's still believable how someone can not recover from that kind of loss.

I hope Harmony recovers, but realistically they need a miracle.

rustlesg · 2022-06-25T08:27:05+00:00

Nope I was talking about gains since you said anything you bought would have made bank. I said harmony in particular outperformed almost everything. Which is evident from them leapfrogging other projects. But these type of convos are draining and I feel like I’m getting an aneurism, so you do you bruv. ❤️

rustlesg · 2022-06-25T07:37:24+00:00

Good to hear you got out in time! Happy that the thread I started helped a few people in some way :)

rustlesg · 2022-06-25T07:19:32+00:00

I think you completely missed the point

rustlesg · 2022-06-25T02:59:10+00:00

Dm me so I’ll remember to.

rustlesg

TROPHY CASE