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Bitcoin + Alts Discussion

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A place to discuss the various aspects of Bitcoin and various Crypto Currencies. Nothing in this room should be considered financial or investment advice75 Servers

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13 Apr 2024
@chrislas:jupiterbroadcasting.comchrislasWell consider Bitcoin is the only serious market open 24/7.21:03:45
@chrislas:jupiterbroadcasting.comchrislasAnd people are preparing for shit to go down on Monday.21:03:52
@chrislas:jupiterbroadcasting.comchrislasWhatever might be going on, you need money fast. Like within hours. What can you sell on a Saturday that's worth anything?21:04:16
@dannym:balooga.xyzDannythat's fair21:07:00
@chrislas:jupiterbroadcasting.comchrislasYeah, the question is, if it really crashes over the rest of the weekend, how does that work for the ETFs? I'm sure someone knows, I just don't think we have really seen it in action yet.21:09:32
@chrislas:jupiterbroadcasting.comchrislasWelcome to Bitcoin ETFers!21:09:36
@hybridsarcasm:matrix.orgHybridSarcasm I don’t care. Still gonna tell my financial guy to add Bitcoin ETF to my portfolio. 23:25:49
14 Apr 2024
@lizard:bitcoinlizard.netlizard
In reply to @chrislas:jupiterbroadcasting.com
Yeah, the question is, if it really crashes over the rest of the weekend, how does that work for the ETFs? I'm sure someone knows, I just don't think we have really seen it in action yet.
I think they gap down when extended hours trading begins. Now opportunity to sell at last Friday's closing price.
19:20:17
@mooshuxs:matrix.orgHAL9000 I wonder if ETFs operate under different market pressures than BTC itself. I would guess that it would have less downward pressure.
Cause selling will trigger a taxable event, for one thing, more tracked than BTC itself 🤷
20:14:32
15 Apr 2024
@sirlurksalot:jupiterbroadcasting.comSir Lurksalot (jupiterbroadcasting.com) Hmm... Needs more DIP. 06:11:57
@mooshuxs:matrix.orgHAL9000Interesting story about a crypto exchange. The descriptions I’ve seen just say crypto so I’m assuming as an exchange it was a bunch of different ones https://www.theblock.co/amp/post/249898/founder-of-turkish-failed-crypto-exchange-thodex-sentenced-to-11196-years-in-jail-report15:35:50
@bytebandit:tac.lolbytebanditBroken Money is an insanely good read. The way she starts from the earliest forms of money and takes you through the centuries, explaining all the concepts, allowed me to understand things that I might never have learned otherwise. I am about to finish it, but I am already considering just restarting it immediately. It is masterfully written, but it's still a lot of info to retain. 22:34:24
16 Apr 2024
@mooshuxs:matrix.orgHAL9000 Just listened to Dario Amodei, AI expert, who believes bitcoin is redundant and is burning up the planet for no reason with no real added benefit.
He just gave some book recommendations 🤣
01:03:15
@mooshuxs:matrix.orgHAL9000
In reply to @bytebandit:tac.lol
Broken Money is an insanely good read. The way she starts from the earliest forms of money and takes you through the centuries, explaining all the concepts, allowed me to understand things that I might never have learned otherwise. I am about to finish it, but I am already considering just restarting it immediately. It is masterfully written, but it's still a lot of info to retain.
Do you think that book would be a good recommendation for him?
01:03:51
@mooshuxs:matrix.orgHAL9000 The interviewer also believes bitcoin uses the energy equivalent of a small country.
The interviewer did understand the AI data centers energy use are going to dwarf that of bitcoin and Dario’s response was really good, very similar to how bitcoin mining helps develop clean alternative energy generation. It wouldn’t take much to correct Dario with a similar reason justifying AI’s energy usage
01:09:49
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@chrislas:jupiterbroadcasting.comchrislas
In reply to @mooshuxs:matrix.org
The interviewer also believes bitcoin uses the energy equivalent of a small country.
The interviewer did understand the AI data centers energy use are going to dwarf that of bitcoin and Dario’s response was really good, very similar to how bitcoin mining helps develop clean alternative energy generation. It wouldn’t take much to correct Dario with a similar reason justifying AI’s energy usage

That's the one that really is a red flag, they all use that same nonsense stat that was created years ago, and fully debunked.

Funny how their research always manages to turn that BS stat up, but never the many corrections that have come.

14:14:15
@mooshuxs:matrix.orgHAL9000 I ended up suggesting researching where the small country comparison originated and the retraction that they published, if that’s not correct I could always correct myself.
I suggested reading the bitcoin white paper and Broken Money, cause I’m sure as a NYT reporter, he knows there’s serious issues with Federal Reserve Notes but many people forget that when they start talking about bitcoin.
Dario was saying AI’s energy use will be OK if AI is used to design better energy generation systems like nuclear fusion.
I agree cause the current trajectory of energy use isn’t great for climate change, and I agree with you that more important than reducing energy use is clean energy generation which can be applied, not only to energy for AI and making GPUs, but for mining bitcoin.
While they’re at it, it would be cool for AI to invent other monetary systems and bitcoin transaction systems.
I didn’t think of some of that for my comment. But there’s so much wrong with economic policy world wide that a minimum income policy was mentioned regarding AI taking jobs, so they obviously know there’s problems.
Hopefully they’ll do a researched show on money. Maybe interview the Broken Money author. They want good content, maybe that qualifies. But they don’t talk about campaign finance much. Maybe doing that strengthens votes for Trump from normies, even though his campaign tactics broke campaign finance laws plus the department of justice, after he won, according to Rachel Maddow on MSNBC last night. She could be wrong, but it seemed correct to me. I could be wrong, just like anyone else.
15:37:09
@bytebandit:tac.lolbytebandit
In reply to @mooshuxs:matrix.org
Do you think that book would be a good recommendation for him?
If this wasn't a rhetorical question, yes, I think I everyone needs to read it. I noticed the publisher has a pretty significant discount at 10+ copies, so I'm actually considering purchasing 10 copies so I can more easily gift it. I have shared it with a few friends now and feel like I owe some value back. I also care that Lyn gets her fair share, so trying to avoid Amazon.
18:47:48
@hallecks_baliset:matrix.orghalleckI still mean to read Broken Money and Price of Tomorrow, haven't gotten there yet19:50:15
@hallecks_baliset:matrix.orghalleckI was kind of underwhelmed by The Bitcoin Standard, if I"m being honest. There was a lot of good points, but then it got just a little too politically preachy for me to give a copy to my dad or whatever19:54:08
@yukoncornelius:matrix.orgyukoncorneliusAll of that guys stuff is him ranting about his politics and probably twice as long as it needs to be. Bitcoin and Fiat Standard and his podcast19:57:40
@yukoncornelius:matrix.orgyukoncorneliusI agree with a lot of it too but Saif just goes on and on and on19:58:22
@gerzel:matrix.orggerzelHas anyone used the strike app? I'm looking for a decent app to get into some bitcoin so I can boost.20:02:04
@hallecks_baliset:matrix.orghalleckI have used it, has worked for me20:09:29
@hallecks_baliset:matrix.orghalleck
In reply to @yukoncornelius:matrix.org
I agree with a lot of it too but Saif just goes on and on and on
This covers it well. If you have an "eat the fish and spit the bones" mindset going, great. If I'm trying to capture the sound money, low time preference, and humility ethos for a first share to someone, I don't think that's it
20:12:14
@yukoncornelius:matrix.orgyukoncorneliusBoom20:13:54
@yukoncornelius:matrix.orgyukoncornelius+1 for strike app20:14:05

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