The other point that Scorpion won't acknowledge is how overvalued traditional assets like real estate and stocks have become because so much of the price is monetary premium due to the fiat system. People are just parking their money passively into stocks and real estate to avoid owning depreciating fiat, they aren't really looking too much at valuations (price to earnings ratios, net rental yields, etc). Yet another utility of Bitcoin that we have already discussed is Bitcoin replaces fiat housing will become a lot more affordable because rich people will stop buying ten rental houses just to park their money and protect their money from depreciation. If they buy stocks or real estate it will be because the returns are attractive not as a default option for parking money. This is why rental yields on properties are so low nowadays and price to earnings ratios on stocks are so high. As Michael Saylor pointed out a lot of the monetary premium from stocks, bonds and real estate will be sucked up by Bitcoin.
How am I wrong when the asset I am supporting, promoting, or encouraging others to buy (due to its intrinsic properties) has the highest CAGR of any asset around?
And yet if you save in it, or hold it too long, you won't be able to purchase as much as you could have, being in things OTHER than USD (like BTC).
We are going to find out.
You state things that have no basis in reality. It wouldn't be at all time highs, having proved you wrong several times already, if "no one had a use for it". The statement itself, given market realities is a contradiction. What's weirder is that I'm sure you know this.
Better put, the fact remains that it is the best performing asset in the world, and has been for quite some time. Remember, there is no second best.
What is interesting in your graph any July 4th July that your bitcoin if you held for three years you would have made gains every single time despite bitcoin being so volatile. Remarkable.you cannot say the same about the stock market or real estate.
Comments are mostly negative despite BTC remaining the best-performing asset. We're early.
Agnostic cultists have a way of distorting facts. Bitcoin is not early, it's late. Money has been around for thousands of years, while bitcoin has only been around for thousands of days. Bitcoin is not the best performing asset, God is.
See what I did there? I just keep saying the opposite of what you say? Why? Because anybody can say anything about anything. But who is right (the real game at play here)? Nobody, because we all die, and with money, no matter the form, you can't take it with you. In other words, bitcoin has no value because it is on a material plane, not a spiritual one.
The $8 Billion Digital Ghost: Inside the Greatest Bitcoin Mystery Since Satoshi Disappeared
I spent 15 hours investigating the largest movement of early Bitcoin in history. What I discovered will change how you think about cryptocurrency security, quantum threats, and the ghosts that still h
dmitrya.substack.com
Interesting read. What do the maxis make of this?
Interesting take. Wish I'd thought of it.The $8 Billion Digital Ghost: Inside the Greatest Bitcoin Mystery Since Satoshi Disappeared
I spent 15 hours investigating the largest movement of early Bitcoin in history. What I discovered will change how you think about cryptocurrency security, quantum threats, and the ghosts that still h
Interesting read. What do the maxis make of this?
From 11/23/24:
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This is one of the dumbest posts you've put on here.
Void of fact. BTC is early, money has a definition and properties/characteristics, and God is something different entirely. God won't steal your energy and work, but fiat will.
Anybody can say anything about anything. The issue you have here is that a) you're thesis is wrong, and going in the wrong direction, and b) you just made some sort of weird claim that being right or reality in this world doesn't matter "because we all die."
Just stop already, Urkel, this is just beyond stupid stuff.
I only skimmed the article, but my best guess is someone bought an old computer or storage device that had a password protected wallet.dat file and they brute forced the password to the wallet. Another scenario could be that someone devolved an algorithm that could break a previous way that created weak entropy - an old way to generate private keys was using web scripts and other methods that had very bad entropy (the most secure and foolproof way to generate sufficient entropy is with 100 dice rolls).The $8 Billion Digital Ghost: Inside the Greatest Bitcoin Mystery Since Satoshi Disappeared
I spent 15 hours investigating the largest movement of early Bitcoin in history. What I discovered will change how you think about cryptocurrency security, quantum threats, and the ghosts that still h
Interesting read. What do the maxis make of this?
So it is kind of cool that someone who was probably an OG bitcoiner just struck his own $8 billion oil well!
Economic warfare. More FUD.The $8 Billion Digital Ghost: Inside the Greatest Bitcoin Mystery Since Satoshi Disappeared
I spent 15 hours investigating the largest movement of early Bitcoin in history. What I discovered will change how you think about cryptocurrency security, quantum threats, and the ghosts that still h
Interesting read. What do the maxis make of this?
XRP? lol
Quantum? More FUD. Imaginary.
MSTR earnings per share: $35
No, it is one of the smartest posts I've put on here.
No, I'm just starting Blade, because this stuff of mine is just beyond brilliant stuff.
This is like claiming a rise in your home equity value as earned income. Utterly absurd. Just as unrealized gains should never be taxed, they should also never be recognized as earnings or profits.
Relying on this sort of accounting gimmickry is a dangerous game, and the bigger MSTR gets, the more catastrophic its inevitable implosion will be to Bitcoin.
What you say is true but three points.
Firstly accounting profit and taxable profit are twos different things. The FASB (financial accounting standards board) who helps decide on GAAP rules (generally accepted accounting principles) and the IRS have different definitions of what constitutes profit.
Secondly it’s just treating bitcoin consistent with other assets because mark to market accounting is standard now for many assets. This applies whether a company puts gold on their balance sheet, or Apple stock on their balance sheet or 30 year government bonds on their balance sheet or Bitcoin on their balance sheet.
This is also why a lot of companies report their own version of earnings alongside the official GAAP earnings. Whether that is “owners earnings”, profit before significant items, underlying earnings, normalised earnings, etc
Corporate accounting is not my expertise, but I'm pretty sure most companies aren't treating asset appreciation as earned income. There is a difference between the balance sheet (where the value of owned assets are weighed against liabilities) and the income statement, where earnings are reported. After all, if you report earnings you should be paying taxes on them. If I am mistaken with my understanding, then by all means please correct me.
Yes your understanding is mistaken. For example it’s not uncommon to see real estate developers book a profit when the market price of their land and property holdings increases despite them not selling it. Not all companies choose to do this but they can if they want to and in some instances even they must depending on the type of the asset.
This doesn’t just happen in USA it happens in Australia and many other countries also. This type of thing coupled with non cash asset write downs/impairments and “one off” restructuring costs etc is why a lot of companies also report some type of “underlying” earnings metric next got their official GAAP earnings.
Like I said before what auditors and the SEC and accountants etc consider to be earnings is not necessarily the same as what the IRS considers to be earnings. Often times they can be two different figures. Which is why it’s not uncommon for a company to pay tax at a rate which doesn’t seem to match with the official corporate tax rates. You can see a company for example paid 15% tax when the corporate tax rate is 20% because the IRS calculated their earnings as a different figure.
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