Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3685. (Read 26609436 times)

Of course, there are exceptions, but i disagree with your objection.
Buffet and Munger spewed too much hatred...P.T. called them 'sociopathic grandpa's'.

https://www.youtube.com/watch?v=ko6K82pXcPA

Comparing to their 'crazy' calls re bitcoin, this is mild.
I am not a spring chicken myself, so have a right to discuss generations and age.

Maybe it is a call for boomers to mostly relinguish their grip on financial and other power.
Just retire already! A call to politicians over 75, financiers over 80.
I agree with this call (in general) and as a boomer, support it.

EDIT: gerontocracy is not because of their age in particular but because they are fossils in their thinking, but still have at least some power.

...

2010: $1 (one digit)
2014: $400 (three digits)
2018: $6000 (four digits)
2022: $50,000 (five digits)
2026: six digits most probably


https://twitter.com/ChartsBtc/status/1512222716153065472/photo/1

Explanation

Indeed. I have no beef with Thiel's take on the situation. I just didn't like him relating it to age.

I think ESG pisses most intelligent people off almost as much as "political correctness", which of course is an oxymoron. There's nothing less correct than politics.

Get well soon, capsi ! <3

we may buy the bitmain shed. its pricey but we may get it.

Tennessee Titans Become First NFL Team To Accept Bitcoin

ZeroHedge has their take, I haven't read it yet:

https://www.zerohedge.com/markets/stunning-speech-peter-thiel-blasts-buffett-dimon-and-fink-finance-gerontocracy-sees-bitcoin


Edit:  Just read the ZH piece.  YES, Thiel really pastes the bastids, rightly so.  He hates "ESG" even more.  Bwa ha.  The ZH piece is worth a read.

Explanation

Gerontocracy? What a load of crap.

I'm older than both Larry Fink and Jamie Dimon and I clued in immediately upon hearing about Bitcoin. Now I'm set for life. One of my friends, a member of the Silent Generation in his 80s, accumulated 13BTC before passing away over a year ago. When he knew the end was drawing near, he went on a sending spree and cashed in his last coins a week before he died. He had no heirs.

Meanwhile, a Millennial friend scoffed at me and called me a sucker who couldn't see through an obvious scam, while pursuing a "career" as an online poker player.    Another Millennial friend had the brains to hop aboard in 2013. We attended Vitalik Buterin's shitcoin white paper unveiling together at Decentral in January 2014. Needless to say we both took a pass.

My wife is Gen-X and regrets not getting in when she heard about it (before me!) in 2012. She needed the money for another enterprise.

Bitcoin may have been developed by mostly Gen-Xers (and some Boomers) but it crosses generational lines. It's not about age.

Besides their age, what do Buffett, Fink and Dimon have in common? They all have an interest in the status quo, specifically the legacy financial system.

It wasn't a cataclysmic event that extincted the dinosaurs. It was their failure to adapt to it. Many older species survived.

...

Today I was at the Bitcoin 2022 conference!  

I'll summarize some of my experiences, I just got home.  I woke up early and drove over since I had no idea how the parking situation (etc.) would be.  At 7:15 in the morning, the parking garage across the street from the MB Convention Center was mostly vacant (they do have lots of conferences and conventions there).  Doors opened at 8:00 AM, and the lines moved pretty quickly.  They gave each of us a Swag Bag, one item in there (discussed below, second item) turned out to be a really nice gift.

• I was mostly interested in hardware wallets, I picked up a BitBox02 (BTC Only Edition) and a Trezor Model T (Trezor tossed in a t-shirt).  I went ahead and bought them there so I would not appear on any HACKED mailing lists...
• In the swag bag, it turned out that there was a FREE Arculus hardware wallet, although I did not note that at first.  When I dropped by their booth, they told me that yes, it was free for the first 25,000 who had registered for the show.  So, lucky me.  I asked them about one doubt I had (3FA), as I have next-to-no fingerprints (which amused TSA to no end when I applied for "Trusted Traveler" airline status), and they told me that in Settings facial picture and fingerprints can be turned off.
• I also went by BitPay's booth to ask them some questions.  They told me about their rollout of Lightning, but (maybe I didn't understand correctly) that it would be months to a year or so before it was ready for use.  BitPay kindly gave me a 1 oz silver coin!  It has the BTC logo and all, says .999 silver and in small writing along the rim mentions BitPay.  I signed on with BitPay about Nov 2020 as they had just released a debit card which allowed me to sell some BTC should I want (but I joined Gemini in Jan 2021 to be able to sell moar).  Hey!  That silver coin is worth a bit over $24, so I think that was pretty decent of them...
• There were a LOT of financial this-and-that companies, which didn't interest me as I am not involved with any institutions, but there is a lot of activity in those sectors
• There were also a lot of mining-related companies including mining machines, Bitmain's new high-powered miners, also Bitmain has their own new technology using a [different] kind of cooling systems (not immersion) that allows 210 or so miners into their 20' container next to a similar sized cooling tower...
• I did not get a chance to go see any speakers, as I only had today, tomorrow we are traveling.  Nor did I catch any of the "Announcements" so I don't know at the moment if anything important was, well, announced.  Trezor has some kind of announcement tomorrow (maybe their upcoming chip?), but their man at their booth did not know what the announcement would be, or perhaps wouldn't say...
• Over at Bobby Lee's Ballet booth, they gave me a free book by him (The Promise of Bitcoin) which he graciously autographed for me, I believe Saifedean Ammous was signing his book as well, but the line was very long and I didn't have all that much time.
• I also visited Wasabi Wallet's booth, actually that was my first stop.  The man (not nopara73) gave me some of their rationale re their decision not to accept "certain" UTXOs in their CoinJoin service.  It sounded plausible, in that it looks like it will be for a very limited number of cases (announced thefts of BTC and so on).  Plausible, I did not feel like grilling him.

Miami is just starting get warm in early April.  It's probably worthwhile for many HODLers to find their way to one of these conferences (tickets are expensive, but there was a $300 discount for payment by BTC).  They do have parties (and loud music outside) for all you young 'uns.

I missed last year's show, but I had gone to a couple of BTC shows in Miami a few years ago.  As you would expect, it's a much larger deal now.  For those employed in BTC-related jobs, it's a must going.


[edited]

The important part.


https://youtu.be/dD2-T7TX2rk?t=1946

He made Bitcoin and Lightning sound just American. I thought when he used word Global, he will talk about multiple nations and ethnic groups.
Other than that, I liked it.

Explanation

Jack Mallers dropped a nice bomb:



I love this guy. He even found way to diss Pocahontas.

Peter Thiel..on gerontocracy aka Buffett, etc.


https://fortune.com/2022/04/07/peter-thiel-bitcoin-warren-buffett-jamie-dimon-larry-fink/

I like the term, but I still don't know if it is worth it to use the fighting words..or simply absorb all assets in bitcoin...mostly silently.

Explanation

You can't talk about price without being specific, otherwise it's too vague and general.

Price depends if new or used, and the model too.

Bitcoins from the 80s are now worth much more than 43k, with all the retro craze.

https://twitter.com/jack/status/1512179528663187456
Bitcoin is Freedom - Bitcoin 2022 Conference
https://www.youtube.com/watch?v=cR4sMsI8z7U

+10 WOsMerit's

its good to be reminded of whats at stake and what we are fighting for
freedom go up

Here come some more territories legalizing bitcoin. I guess we'll see how it goes - without proper implementation, its not gonna go anywhere. But I'm rooting for these territories as the area and population are both pretty less so adoption should be easier imo.