Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12309. (Read 26610925 times)

Don’t fear the reaper

Well, you are the one who volunteered the $20million to $50 million "throw away money", so it seemed quite topical to explore the extent to which that might be reasonable for anyone to pull off and what kind of cushion anyone might consider to be prudent in order to make such a thing work decently and without too much personal psychological or fiscal stress.  I doubt that you need to provide additional personal particulars in order to appreciate that you have decently thought through some of the parameters including a kind of moving trajectory.. and surely, I understand as well that you were throwing $20 to $50million out there as a ballpark thinking point... and of course, peeps could draw from other sources, too, but yeah, if the funds are mostly coming from BTC appreciation.. then gosh 600 BTC does seem to be within a kind of minimum arena (for a kind of in the ball park of realistic frugality).

I'd be flabbergasted if that hobby didn't turn out immensely profitable. I just wouldn't do it for the money and would be happy with just creating something that I could enjoy for numerous years of my life.

I also want to nudge it in a direction that fosters a try-harding mentality in casuals that is completely absent in today's instant gratification mainstream games to hopefully create a culture of non-complacent people that try to go out and do something that others would look at in awe. Without them noticing what is happening to them as they play (which is what happened to me as I spent around a decade full-time playing a single game).

Basically, a game that brainwashes people in doing something with their lives instead of buying a fucking iPhone every year with all of their savings.

Just over an hour to go here....

I deleted an anti-JJG broadcast somewhere up there^ for being slightly wrong, and slightly meh anyway.
half agree. in my defense i fell victim to a foul tesla troll earlier on, and am still stunned

Most likely it will be a Layer 2 BTC project.

Eventually most blockchains will be attacked and destroyed. Only the top chain of each hashing algorithm has any chance of survival, and even most of those will fall.

Your Math is actually more than sensible on this one, given the assumption that $100k is the target.

Keep in mind that people could be satisfied with a relatively frugal lifestyle (not living in an insanely huge mansion, while still having cash for all the high-end nerd toys one would want; the most outrageous TVs are barely 10k, desktop computers at best half etc.). Not everyone needs lambos, yachts, planes or whatever the fuck rich people tend to get.

Developing a game that shits on the crappy triple A titles takes a very long time as well. And the full sum isn't going to be spent in one go, but over half a decade as a lower end estimate. That gives some wiggle room. There are also ways to be more economical about this if you're not in a rush to release a title to generate revenue. You can start small, lay a very strong foundation, then scale up with the years as necessary.


What I'm saying is, is that while the 600 BTC number is a very good guess (as the 10m difference to the higher end estimate is enough to live lavishly for the rest of one's life) it can be both significantly lower or higher.

AI is developing at a crazy speed as well with one crucial example being the ability of taking low resolution images and having an AI upscale it to high-resolution given enough training data (textures are one of the biggest cost factors in this industry). There also has been an AI that turned video material into a functioning game engine. Basically, the 20-50m estimate that is true for today's titles might very well be cut down to a fraction before Bitcoin hits 100k or whatever price.

I may be well off, but I'm sure others have much more than me. I certainly can't move the BTC/USD market, so I'm lightyears away from being a whale.


Edit: Also. Since I'd be the one funding it there would be no CEO twat sponging up all the money, which would probably cut out a dozen millions or so lmao.

Huh?  Isn't facilitating abilities to launch scam coins a use case?  Fuck....

We have seen billions of dollars raised through that scam coin, ETH enabled (facilitated), so even though I am no fan of ETH and its bullshit, there seems to be a use case, no?

Thought thursday was STFU .....

My international wire with Bitstamp cleared in 2.5 business days.

5 stars would deposit again.

There seems to be a decent point in all of this, which is who gives a shit about an ETF?

Of course, an ETF is going to bring greater financialization to BTC and likely overall be bullish on bitcoin's short term future and likely long term future, too... but it is no where near to necessary for bitcoin to remain a very good investment with strong fundamentals.

I don’t know about you but it’s defintely Thursday here. 

easy now

save something for Thursday

Cruel games...

A tease...

Don't tease the doooooooooooooooooooom

I think it's guaranteed to be superseded. It's a prototype and will remain so. Someone will come up with something that does everything it claims to do and much more and it'll simply... work.

There won't be weird languages to learn, holes in the contracts, nodes that are major undertaking to sync and a chain that keeps bloating.

It's not here yet, but it will be. However it's going to require multiple actual uses for the idea of 'blockchain' for something with improved functionality to get traction and expose ETH as wheezing poo.

At the same time I don't think it's going to stop the zombies trading ETH for a long arse time yet. No one is yet to care about actual uses for things like this. If Ripple can be older than BTC and still have achieved precisely fuck all and still be worth what it is, we have a long way to go before sense reigns.

Is that a get you high thing? is it cheaper or more expensive than green ?

Of course that would be amongst the most prudent of approaches, but of course levels of prudence is going to vary, and I think that was the reason that I gave a ballpark figure of 600BTC, because in the 600BTC scenario, there still is a $10million cushion, but we know how BTC acts, sometimes, so I understand that a $10million cushion could turn into a $1million cushion, which could become a bit stressfull for normal peeps.. so of course having a bit more cushion would be preferable to lessen both possible psychological issues and fiscal issues.

You people are so mean.

Sssssssssh, don't tell 'em about ravencoin, (Pike).
No it has caught the imagination of some fairly bitcoiny people because of fair launch and mining algo (possibly some other thing positive i can't recall), but I bet 'maximalists' are saying 'we can just add tokens if they're really needed'.

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?