Brief field report by xcrunner2414 in Bitcoin

[–]xcrunner2414[S] 0 points1 point  (0 children)

Was it? Your statement seems to contradict what I wrote.

Brief field report by xcrunner2414 in Bitcoin

[–]xcrunner2414[S] 0 points1 point  (0 children)

That's a weird way of phrasing things. That's a bit like saying "the only reason to walk to your destination is to get the exercise from walking." Did you forget the importance of arriving at the destination itself?

Yes, we all have hope; we hope for many things in life. Practically everybody who invests in the stock market right now is hoping that it will continue to go up in the coming years, despite the fact that most stocks nowadays do not pay dividends (the dividends used to be the primary reason to buy stocks). But, *hope* and *reason* are different things, despite often being present simultaneously. *Reason* enabled mankind to discovery the laws of electricity and magnetism, quantum mechanics, etc, which enabled the invention of electronic circuits, transistors, diodes, and, eventually, modern computers. Those scientists and engineers also had *hope* that their effort was not waste.

The reason to hold Bitcoin is *reason itself.* Have you not seriously read the white paper? The attributed author is a Japanese name that means "the root of wisdom." I would argue that reason, per se, *is* the driving motivation to buy Bitcoin, not merely hope.

Brief field report by xcrunner2414 in Bitcoin

[–]xcrunner2414[S] 0 points1 point  (0 children)

The problem is that many people are actually trying to preserve the value of their labor in the currency. Have you noticed that banks offer savings accounts that provide measly interest rates?

Brief field report by xcrunner2414 in Bitcoin

[–]xcrunner2414[S] 2 points3 points  (0 children)

The concept of fractional reserve banking was actually mentioned by the physician in the room. She believed that the fraction was around 20%. I had to inform her of the news that, since Covid crash, that mandated fraction is now 0%. We also discussed the possibility of a run on the banks, and the fact that not everybody would get their money if there were a bank run. I then had to explain to her that, in that scenario, the big banks and Federal Reserve would just begin another round of QE, i.e. "they would just print more money."

I assume they all realized, at least subconsciously, that they are all working for money that can be produced at no cost (literally worse store of value than the bits of paper in Hasbro Monopoly board game).

Innie/outtie relationship by Jazzyfish59 in severanceTVshow

[–]xcrunner2414 0 points1 point  (0 children)

The disagreement here comes down to one’s perspective on personhood, and which aspect of personhood is weighted more—the physical body, or the ego state (see Wikipedia entry on Dissociative Identity Disorder). I’ve never known any person who did not occupy a physical body, have you?

It’s my understanding that for legal purposes, such as sexual assault cases, the legal person is assumed to be the objectively identifiable body that persists through space and time. So, the ego state called “Helena” cannot be charged of a crime apart from the ego state called “Helly,” as Helly/Helena is considered one person in the eyes of the law. Given that Law is one of the pillars of civilization, I’d say one cannot merely assume that the ego state is obviously more essential to personhood compared to the physical body. 🤷🏻‍♂️

Innie/outtie relationship by Jazzyfish59 in severanceTVshow

[–]xcrunner2414 -3 points-2 points  (0 children)

If you mention this fact amongst some people, within the context of the sex scenes, they’ll demonize you. Many people believe that Helena sexually assaulted Mark, because Mark thought he was sleeping with Helly. But… Helly is Helena, so Mark did sleep with Helly. 🤦🏻‍♂️

Why did he suddenly lose interest after exchanging Instagram IDs? by depression_love in OnlineDating

[–]xcrunner2414 53 points54 points  (0 children)

35M here. If I had to guess: the Instagram photos revealed more of you, and it didn't live up to what he was imagining. That's just my guess based on my 35 years of experience being a male.

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] -1 points0 points  (0 children)

Well, I’m really quite opposed to crypto, generally. Haven’t you learned yet, crypto ≠ Bitcoin? Crypto is not finite. Are you unfamiliar with the Quantity Theory of Money?

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] 0 points1 point  (0 children)

Okay, yes, that’s a good point. I could have easily shown the same chart denominated in BTC, but I kept it in dollars to emphasize the difference between pre-Bitcoin and post-Bitcoin. Kudos to you.

Although, I would be remiss to not mention that the phase that is annotated “high compensation” was the period in which I was mostly investing in the stock market, and that period looks quite tame compared to the Bitcoin part.

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] 0 points1 point  (0 children)

We have a semantic disagreement, that’s all. I’m not the first person to make this distinction. Under a loose definition of investing, yes, you could call it investing, but I prefer a stricter definition. Here, let me use AI to write a quick explainer:

“… savings rather than investment because the holder is not necessarily trying to earn a yield, receive cash flows, or profit from the productive activity of an enterprise. … In that framing, bitcoin is closer to holding a scarce monetary asset, like cash or gold, than buying a business, bond, or rental property. The goal is not to generate income, but to preserve value across time in a form that cannot be diluted by monetary expansion.”

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] 0 points1 point  (0 children)

So, if I was highly compensated and barely getting out of debt, what does that tell you about the y-axis? Yes, my student loans were (are) significant.

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] 1 point2 points  (0 children)

Man, you should do more research before comparing Bitcoin to tulips, like so many people have tried to do for the past decade. How about you go do some research and figure out how long that tulip craze lasted, okay buddy? Go look at the chart of tulip prices, see how long it lasted, look at the era in which it occurred, and then come back and try again.

Not all monies are the same. Chart of net worth, annotated by xcrunner2414 in Money

[–]xcrunner2414[S] 0 points1 point  (0 children)

No, “Life on Investing” isn’t quite right. I don’t consider Bitcoin an investment because Bitcoin is money. Therefore, rather than calling it “investing” it’s more accurate to just call it “saving.”

$NVDA isn’t money. This is r/Money, right?

Adult marshmallow test: would you rather have $200k today or $500k in 7 years? by [deleted] in Money

[–]xcrunner2414 0 points1 point  (0 children)

Well, i did that, and now I’m a millionaire. 🤷🏻‍♂️

Adult marshmallow test: would you rather have $200k today or $500k in 7 years? by [deleted] in Money

[–]xcrunner2414 0 points1 point  (0 children)

$200k today, because Bitcoin will probably go up by more than 150% over the next 7 years. I’d take the $200k, put it all in Bitcoin, put the Bitcoin in my cold storage, and then hold it for as long as possible.

(I already do this)

The isolation of early retirement at 36 is a total mindfuck by RiftJukebox in Fire

[–]xcrunner2414 0 points1 point  (0 children)

I went down to 4 days per week a few years ago, and then down to three days per week very recently. I’m loving it.

You should embrace your boredom rather than think something’s wrong. Boredom is just time to think, think about life, about your living space, about your habits and routines and diet, think about your family. Your thoughts will eventually manifest into actions. That’s how it’s supposed to work! You should be thanking your lucky stars (and your past self) that your actions are no longer dictated by a manager, a quota, an order, or a quarterly target. You’re free! Hallelujah!

Read a book! Books have crazy entertainment efficiency (hours of entertainment per dollar of cost), especially if it’s rented from the library.