So much bitcoin hate the past few pages.

I am farrrr from an expert but will try to clarify a couple things for those of you who like yelling at clouds.

Currently, yes. Because transaction costs are measured in btc and not usd, the recent massive price run-up has made the transactions quite expensive in usd and all the increased activity due to the price run-up has also filled up the blocks and made transactions slower. Bitcoin is built to be able to be modified/improved, and solutions to these problems are being worked on. Bcash was one attempt at solving some of these problems but for the most part the bitcoin community has agreed that it was not the correct solution at this time hence btc still being ~5x the price of bcash.

Bitcoin is the oldest, most widely adopted, most secure implementation of blockchain technology. This makes it a very good bet to be at minimum one of the best candidates for "cryptocurrency most widely considered to be a good store of value" in the future. If the scaling issues are fixed, it could also get back to being a strong transactional currency like it was in it's earlier days when it had nearly instant transactions and nearly 0usd in fees. In it's current form it is clearly not the "best" available cryptocurrency in terms of features offered, but like i said above, it can and will be improved and many features proven useful (and secure) by other cryptos will get implemented into bitcoin.

The network affect is strong, if all cryptos were starting over from 0 market cap right now then bitcoin would probably get left in the dust but the huge head-start matters quite a bit. So in spite of it's current problems, it's pretty clearly the favorite to be the dominant crypto of the future. Whether being the favorite in a field of thousands means it has a 10% chance or a 90% chance is anyone's guess, but just because it's not a guarantee or prohibitive favorite doesn't mean it's automatically a bad bet. And in my opinion chances are if you already own some bitcoin you will be far better positioned to be a relatively early adopter of whatever other crypto overtakes it down the road.

My problem with both btc and eth right now is that the chances they "win" are still quite low given their technological deficiencies. Which makes investing in either at 250B and 75B market caps pretty insane.

They're still both a long-term investment and id rather just spread money around low-market-cap startups with better tech in the hopes that one catches on.

Most investors should already have a decent amount of small cap exposure which is something totally different than crypto in terms of risk/reward. Not having 1-5% of your portfolio in crypto is just complete lol at this point imo regardless of how you see the technology shaking out


I can understand not setting aside a small % of your portfolio for junk bonds or p2p lending or whatever high yield stuff u can find but not having an allocation for something with the upside of a 5000% roi is just foolish to me

Tut only invests in products he believes in

When all jobs are automated in the near future and unemployment is at 100%, crypto will be the only way to hire kinky android prostitutes to fill the monotony of day-to-day life.

if i wanted to put 5% into crypto how would i do it without giving information to one of these sketchy exchanges that will be hacked again in a few months?

Well there is def a market for cash transactions

I’m sure there’s a few sketchier exchanges that require little ID but those are prob the same ones are greatest risk of vanishing into thin air

I didnt mean small cap tech stocks I meant small cap altcoin startups.


Id rather my 1-5% of my crypto investments go there rather than btc or eth, which seem very likely to get left in the dust over time to me.

ya, as disko alludes to, trade with someone you know on the interwebs or meet in person. Ive traded various stuff (venmo, paypal) for bitcoin with 2p2ers. dunno what the rate is nowadays tho.

You can still just purchase from exchanges and store them offline on a hard wallet/on a piece of paper/in your brain

WHO BLACK MIRROR SEASON 4 TOMORROW?

me

i like black mirror but i didnt really get how critics thought san juperino was some earth shattering episode of television. seemed like just another BM episode to me.

Question for Car FAQers: A couple of weeks ago I was rear ended while sitting at a light. Obv it was the other guy's fault. My insurer (State Farm) said I have two options: 1) File a claim through them, pay the deductible, get my **** fixed and they will go after his insurer (Geico) or b) Deal with Geico on my own.

I opted for b) because I don't feel like paying the deductible and it's his ****ing fault anyway why should I have to go into my own pocket etc.

I made a couple of calls, filed a claim thru their Web site, talked to them on the phone and they told me they can't do anything for me until they speak to the guy who hit me (no idea why, given that they have a copy of the accident report and know it was his fault but whatever). After a couple of weeks of their insured dodging their calls, they finally got in touch with him. They just called me and told me that they accept liability and scheduled an inspection and repair with me with the repair shop of my choice.

My question is: How do I keep this from showing up on a Carfax report short of paying for it out of pocket? The car was purchased new in April and when I go to resell it there will be this accident on that report right? That kinda screws me after the fact.

ask searix. he recently bought a car with over 20 carfax incident reports.

Sounds like you are trying to kinda screw whoever buys your car next.

Jesus, Namath, when I said to "Light some money on fire." I meant fun money, not new car money.

what was the damage? just some paint / bumper fix or something more serious?

Between purchasing the car new, wanting to sell it used, and wanting to lie about the carfax, it seems your methods of vehicle ownership are quite suspect Namath.

You may want to educate yourself about cars and their value.

Don’t forget the massive leak with how he handled the insurance. Loaning out 500 bucks for a few days >>>>> chasing down geico on your own. Your insurance company woulda gotten this taken care of before you even had to pay the car repair bill. Just fishing so hard here

Namath you seem ******ed lol

And lol @ trying to cover up the carfax report. Jesus what a loser

just trying to bring back LOWLIFE WEDNESDAY

So I’m gonna get a WORK FROM HOME day

Idk if I get to pick but if I do what is the most +EV day?

Monday and Friday are clearly the most -EV so in my mind it’s between Tues-Thurs.

I’m leaning toward Wed bc never having to go to work 3 days in a row sounds awesome

Thursday of March Madness obv

I think I'd take Friday and DOMINATE my weekends forevermore.

I'd actually find having Wednesday off in the middle of 2 day work stints really annoying and never be able to enjoy it due to not being able to GET THINGS DONE in a consistent way.