Picture a mouse and an elephant.
Picture how much a particular person contributed to bitcoin success (via promoting mining, teaching people how to do it with detailed know how, reviews, etc, etc.).
Then picture someone whose contributions are mostly endless diatribes about minutia.
Now, let me propose that @philipma1957 is the elephant (for those in the know in the broader community) and @JJG is the mouse.
Then, picture a mouse telling an elephant that it s mad or less mad at it because of some blah blah (whatever).
The funny thing is, irl elephants are afraid of the mice.
They shouldn't be.
Finito la comedia
I like that.
But the really funny thing is elephants simply don’t give a fuck about mice.
I am simply getting old and cranky and annoyed too easily.
I Don’t know if it is being 64 and finally have positioned myself in a good way when it comes to coiins.
I don’t know if it is that i helped setup hundreds of people to make money mining.
Trading is and will never be my thing. But I came to this thread last year because I thought the time was ripe for the bull to start running.
So I turned out to be correct. So to all I will post here and I will post what I please.
deal with it.
but i do not say buy shit coins.
go back and read what I post.
actually for me is the fact that someday if lucky I will be in a nice nursing home like my parents..were at before they passed...a fine place...but....even if you are on the ball..you can't
play with finances and such...you'd have a living estate you are in a nursing home by the by....you could I suppose look at grandkids stuff. not the same
can't have cash in a nursing home that is a vulnerable adult issue...you have a dorm sized room...can't fill it up with junk...so be it a school teacher
or a banker...once in the nursing home it is simply giving young staff a bad time and a ribbing and/or sweet-talking your way into another tapioca pudding cup...
since then...nice as it was for my parents (by the by...go to small towns where people actually see their folks and extended family once a week or more is
the way to go..drive far away from any city above like 30,000 to enroll in such is my plan in the future) ....anyway....since then my 'don't give a flying fig' on stuff has gone up about 20x
....dumb as above my sound...the
alternative to not making it into a nursing home is worse!
So I'm brave as f*ck now on many things.....perspective... it's a bitch.
So the next 20 years or so are gonna be played a bit 'more' fast and loose!
brad
My plan is to be rich enough to have a private nurse, if needed I'll convert my home to accommodate what ever is necessary for my care.
But in our family, on both sides. not one single person has ever had to go to a nursing home, they were all fit and lived to a high age until they got sick and died pretty quick at hospital.
I was thinking something very similarly in regards to Searing's plans, because many of us already realize some aspects of his situation including some of his bitcoin (and perhaps crypto) preparations, and with something like a 20 year timeline, fuck, someone in anything even close to his situation (to the extent that we even closely understand some approximation of it) should not even be needing to put very much weight into those various kinds of public subsidized solutions - even if it could be a kind of back-up plan in the event bitcoin were to go to zero or some very low valuation at a time that drawing on such funds would be needed.
In other words, seems to me that someone like searing is in a very good situation, and even relative to other people of his same age and even seems as if he is thinking too small.
Even though I can appreciate ongoing conservatism in the way that finances are treated and considered, especially when involving future performance, projections, but even with all of that, it seems that searing continues to be way too pessimistic and negative and it's like he does not realize that he has transitioned into a kind of richie/fuck you status. It is like he has neither learned how to be richie or how to plan his future in a richie kind of expectation (even though the future is surely not guaranteed). But, even if the future is not guaranteed, the BTC price prediction models - even treating them conservative as fuck, should likely allow for someone in a similar situation as searing to actually be able to contemplate various private personal care solutions that are not subsidized and are likely going to put him in a way better position than he expects, even if he has to start using those kinds of services way before his 20 year expectations.
Even one more bitcoin cycle.. assuming this cycle peaks around 3 to 16 months from now, then we potentially have some depressing times, there seem to hardly be any evidence to be presuming doom and gloom, so even something conservative like a 2x situation after the next cycle (that would be 4-6 years from now) over today's prices would still put searing in a very well off position - even if he screws up pretty BIGGLY in a few ways (including panic-selling some stash like a screaming little girl).. which I am not going to put it passed him or anyone else, even if they have had a decently good HODL past practice... which I would largely put searing into that dominantly HODLing camp (even if he were to shave off 50% at a weak point and bad time.. still likely to be sitting quite pretty after another cycle.. which is way less than 20 years).
Yahoo dominated by a lot and the rest had very low $ value.
Then, as the internet hype began, they started to re-price even the lowly one's, which was a complete surprise to me. They began trading at multiple billions.
Of course, later google came in and conquered it all.
Great analysis, man. +2 Merit and +2 WO Merit.
The fact that Yahoo dominated by a lot, and later google conquered it all doesn't reassure me, though. What does it imply in terms of crypto? "Yahoo equals Bitcoin" dominates by a lot and in a few years "Google equals Dogecoin" conquers it all?
What's your idea gents?
That surely is part of the fuzziness in Biodom's analysis in trying to draw those kinds of parallels to bitcoin - even though there could be some helpful insights, such analysis remains quite incomplete without attempting to really particularize bitcoin's circumstances as paradigm changing at the protocol level rather than the kinds of innovation that was going on at second layer levels in terms of the kinds of various companies that Biodom was pointing out in the late 90s early 2000s in regards to internet-related innovations and developments.
Yahoo dominated by a lot and the rest had very low $ value.
Then, as the internet hype began, they started to re-price even the lowly one's, which was a complete surprise to me. They began trading at multiple billions.
Of course, later google came in and conquered it all.
Great analysis, man. +2 Merit and +2 WO Merit.
The fact that Yahoo dominated by a lot, and later google conquered it all doesn't reassure me, though. What does it imply in terms of crypto? "Yahoo equals Bitcoin" dominates by a lot and in a few years "Google equals Dogecoin" conquers it all?
What's your idea gents?
The users of yahoo had no money in the game, the users of bitcoin all have money in the game, they had nothing to loose by changing from yahoo to google, bitcoin users have a lot to loose. That's even more true for institutional investors.
I don't think you can compare the two scenarios.
Exactly...
There is a BIG fucking difference when we are talking about a money protocol on the fucking first layer.. never been successfully invented before, versus even what was going on at the internet protocol with very little value at stake in terms of bitcoin's killer app.. se llama money. Part of the thing that makes bitcoin so god damned amazing in terms of having so many things built into it in regards to money and accounting and then other things that can be built on top of it without having to trust and even people trying to game the system ends u making it stronger.. including shitcoins that imitate it but don't even come close to competing with it while they distract greedy fucks into wanting to get rich quick on the next bitcoin that has about a snowballs chance of happening.. especially with more and more passage of time with bitcoin remaining king and no one really seriously undermining it, in spite of various direct and indirect efforts - subtle and not so subtle efforts, bitcoin keeps plodding along and absorbing more and more value.. and you better fucking get in it while it is still relatively cheap. think about 10 years from now when some of the bitcoin naysayers, no coiners, altcoin pumpeners, and the other various skeptics finally come to realize that bitcoin has a wee bit more staying power than they thought and there was a bit more foundational aspects to bitcoin than they thought, and some of us who were suggesting that they just put in 1%, even if they are a skeptic, and they would not listen because they were too smart for their own good with their stupid-ass attempts to analyze bitcoin as if it were a company.. blah blah blah... failing and refusing to either recognize what differentiates bitcoin or at least taking a wee bit of a stake into bitcoin in the even that it might catch on.