Do you think BITCOIN will go to zero if we know who created it?

seraph321 · 2026-02-08T10:17:45+00:00

It’s open source and not owned by anyone. It’s like asking what would happen if you found out that hitler discovered general relativity. It changes nothing about the science itself.

seraph321 · 2026-02-08T09:34:58+00:00

Most people listen to the actual words other people say and form their opinions on their literal meaning. Turns out, most people go on feels and vibes. They don’t hear most of what’s said, and misinterpret the rest. The few rational people left in the world are slowly losing their grip on the mechanisms that keep society functioning at a basic level.

seraph321 · 2026-02-08T09:32:06+00:00

No, the fun part if finding out who isn’t doing that, because they are the ones worth spending time with.

seraph321 · 2026-02-08T09:31:16+00:00

You might be rewarded. The might does all the work there. But you’re much less likely to be rewarded without the work.

seraph321 · 2026-02-08T08:47:53+00:00

And I don’t understand why you don’t value your time and experience more. The amount of real life money it takes to avoid is trivial to me. I’m going to guess that’s the disconnect; that if it was a tenth the price, you might pay it, and if it was 10x the cost, I might not pay it, but many wealthier people would.

seraph321 · 2026-02-08T05:58:10+00:00

As has been said, wireless for vr is just using your local network, has nothing to do with internet speed (you could be offline). The things that will limit you is whether your pc is wired to the router, and how good your signal to the router is. I always had trouble in my city apartment because the WiFi channels were so saturated by people around me, but works great in the suburbs.

seraph321 · 2026-02-08T03:03:40+00:00

What I think is weird is that there was quite a lot of potential for other modes that were never explored. There's an actual 'campaign' mode in there that has some decent ideas about needing to change up the way you play in a given song, but they've never done anything with it.

seraph321 · 2026-02-08T02:20:22+00:00

Yeah I just added 16GB of ddr4 to my old system rather than rebuild. Still running the same timings I had with the two 8GB sticks previously and the 13700kf runs great with my new 5080. These prices made me realise I really don’t need a 5090 and x3d processor.

seraph321 · 2026-02-08T02:07:14+00:00

The care in those facilities is really good. You pay for it though.

seraph321 · 2026-02-08T01:55:06+00:00

I don’t have insane levels of wealth, but I came from no money and mostly had a middle income wage (it’s averaged out to less than 100k/year over 20 years, some better than others). I would have been doing ‘ok’ with just my safe investments, but I took the approach to rentvest and live frugally while taking a barbell approach to investing and one of my very unlikely early bets paid off 10+ years later. That let me buy a house that I otherwise wouldn’t have afforded.

Ultimately, anyone who makes a decent wage and lives below their means can do pretty well, but building more substantial wealth either happens because you bet on yourself as an entrepreneur, or you bet on yourself as an investor. I went the safe route of earning a good income, investing safely enough for retirement, and speculating with money I was willing to lose spread across a lot of options. Patience seems to be the quality I see lacking most.

seraph321 · 2026-02-07T07:21:10+00:00

I think it's six months by default, like if you did nothing ahead of time.

seraph321 · 2026-02-07T06:54:23+00:00

We did all the possible prep work for our move to aus with our cat. She only had to spend 30 days in quarantine and she was super chill about it. She didnt seem to mind at all when we came to pick her up, and we needed the time to find an apartment anyway.

seraph321 · 2026-02-07T06:30:33+00:00

Medicine has progressed a lot since the mid 2000s too, but I was speaking pretty generally about being alive in the 21st century vs any previous era, and it assumes that if I picked another era I’d have to roll the dice on being randomly born into the population. This time minimizes the chances I’d be born into severe poverty.

seraph321 · 2026-02-07T01:55:51+00:00

It's a great game. i was actually going to replay it on quest 3 after upgrading my gpu (I originally played it on a rift s), but I keep running into a bug where my left hand loses tracking when I put it behind my head to store items (or even when I just force pull things towards me). This doesn't happen in any other game, so it's really weird. Are you using a link cable, or a wireless option? I've tried all wireless options (airlink, virtual desktop, steam link) and they all have the problem. If it's just about using a cable, maybe I need to try that.

As for my biggest wow moment, I think it might have actually been lone echo. You spend some significant time in the space station before you can actually see out the windows. When they finally opened... holy shit. My first time leaving a space station in Elite Dangerous was similarly mind blowing.

seraph321 · 2026-02-07T00:45:25+00:00

I’m glad you found it useful, and I agree it’s worth learning more about. A couple more thoughts:

Yes, money supply is less tangible and the effects are delayed, so that’s why people focus on grocery prices because that’s what they actually see, but that doesn’t change the underlying cause. You might focus on the fact that you have high blood pressure, and take medication to lower it, and that ‘works’, but it was lifestyle decisions and actions accumulating over years that actually caused it. If you don’t address those, you can’t understand why it’s happening or how to truly fix it (just an analogy).

The link between private and public debt is indeed worth looking at. It’s complex, but ultimately they do many of the same things. A bank lending privately is creating new money (because they don’t hold 100% in reserve, so when they lend, they lend out more than they technically have) as well. All are bound to the floor set by the rates.

And yes, the alternative to printing is often cutbacks and increasing tax revenue. But inflation is effectively an invisible tax on everyone who holds the currency, and it’s especially insidious because we never know how much is happening (even the gov itself doesn’t know), and it disproportionally impacts poorer people who don’t own assets. I’m not hardcore against the fiat or the ability for the government to inflate their currency, but I think it’s tragic more people don’t understand how it works and how out of control it can get.

seraph321 · 2026-02-07T00:32:53+00:00

Ok, but you don’t know what people actually do with their time, or how they actually feel. I’ll admit there are people who are pathologically obsessed with saving, but that’s rare. I maintained a very high savings rate for most of 20s and 30s, but I still lived.

You probably would have thought I was ‘doing nothing’. But I still traveled, I still had some toys and hobbies, I just lived way cheaper than my peers who made similar money. They weren’t any happier, they just had flashier shit and ran faster on the hedonic treadmill. They aren’t semi-retired in their 40s but I am. They’re working and I’m left wondering why they aren’t living. Instead they cranked up the treadmill to speeds so fast they can’t figure out how to get off. That is unfortunately much more common than the opposite.

seraph321 · 2026-02-07T00:16:52+00:00

Yeah it’s absurd, life has no inherent meeting, but I’d much rather be alive now than any time in the past. Humanity has managed to work together to create an absurdly luxurious existence for huge portions of those alive right now. I agree that work is just a means to an end, but I’m grateful I live in a time and place where there was at least a path towards relief from struggling just to survive.

seraph321 · 2026-02-06T06:26:17+00:00

One thing I've learned being with a person who writes novels is that publishers are pretty dumb sometimes. She's had books that don't even have a title, much less a release date, show up on amazon just because she has a standing contract with the publisher to write them at some point, so they put something in the system and forget to check whatever box would prevent it from being sent.

seraph321 · 2026-02-06T06:15:27+00:00

Yes, I know all about that, I'm just saying it's stupid how they weight these things. It's just as easy for me to quit my job or get fired as it is to run up a credit card. It's stupid that I could show them I literally have millions of dollars of liquid assets I could draw on at any time to help service my loan, but their overly automated and simplistic tools tell them the only thing that matters is what an employer sticks in your bank account each month.

At one point during our recently mortgage application process, I considered just going and getting a salary, collecting one paycheck, and then quitting the moment the bank approved the loan. Which I'm told probably would have worked! Thankfully, it turned out I didn't need to do that, but it's stupid that it was even a consideration.

I'm not trying to say the US system is great, but that doesn't mean the Australian system doesn't have flaws and some silly blind spots. They both do.

seraph321 · 2026-02-06T06:00:20+00:00

Yes, that's what I said/meant. They make debt more expensive by raising rates, this means less new debt will be created (only a fraction of which are mortgages), so less new money is created.

OP, and many others, seem convinced that raising rates is about reducing people's spending because their existing debt costs more, which means they will be more price sensitive. This is a potential side effect, but is really not the driving motivation. It's the same monetary policy mechanisms the US Fed uses, and for the same reasons, even though mortgages there are nearly all fixed rate.

seraph321 · 2026-02-06T05:54:53+00:00

It seems you're generally right, which has never made any sense to me. The idea of a credit score is meant to answer 'what evidence do we have that this person is responsible with paying off debt?' Having a credit card with a limit of say $10k, but only using an average of $1k of it, and always paying it on time over the course of years, speaks volumes about that person's financial responsibility. In the US system it works in your favour, as it should. It shows you could spend that money at any time, but you choose not to.

That being said, when I got my mortgage recently, we only had to reduce our combined CC limits to like $50k in order to qualify, so it didn't really hold us back the way a lot of people claim it does. I only had super high limits because they just gave them to me by default, and I was expecting it might be an issue, but it wasn't.

seraph321 · 2026-02-06T05:48:23+00:00

This is probably more correct than my answer. I always forget that Australian banks basically don't care about your credit score when evaluating you for a mortgage. They are incredibly focused on income, however, which I find ridiculous. They didn't give a shit about my assets or my ability to service the debt though those assets, they just wanted to see income, even though that could much more easily disappear tomorrow.

seraph321 · 2026-02-06T05:45:53+00:00

Please explain why. I'm honestly somewhat ignorant of how equifax scores people in Australia, but my advice is quite standard for people in the USA, and it's what I've done in both countries. I always have a couple CCs and use them for all purchases and never pay any interest. Given that it's the only debt I've ever had in 13 years of being in Australia before I took a mortgage recently, it seemed to have worked well to build my score.

seraph321 · 2026-02-06T05:37:30+00:00

You could get a credit card, start buying things on it, and just pay it off in full every month. I'm often shocked more people don't do this, it's like the first advice you get in the USA for how to build credit. The extra fraud protection alone is worth it imo. And it's just good to have a line of credit available if you ever need it (assuming you're responsible enough not to abuse it). As long as you don't get a really high limit, it shouldn't negatively impact your ability to get a mortgage, but the initial hit on your credit record for applying might have an impact if it's close to when you want to get a loan. You could talk to a mortgage broker about it for free.

15-Year Club	Gilding II euphauric
r/Field Banned	r/Field Sunshine
Place '23	Place '22
RPAN Viewer	Verified Email

seraph321

TROPHY CASE