02-05-2023, 11:36 PM
California DMV is using blockchain and NFTs for titles and drivers information.
Instead of thinking crypto, think blockchain.
Instead of thinking crypto, think blockchain.
Crypto
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02-05-2023, 11:36 PM
California DMV is using blockchain and NFTs for titles and drivers information.
Instead of thinking crypto, think blockchain.
Blockchain I can get on board with. NFT's (or at least the current application of them) notsomuch. But Blockchain has a lot of hurdles to get over before what it should be good for can be put into more broad and sustained use.
NFTs are like New World -- A shitty product built on hype that is a good test case and proof point for the underlying tech but otherwise still a shitty product. Too many games to fit in signature....
02-07-2023, 11:13 AM
Vehicle (and housing) titles would be a great application.
Too many games to fit in signature....
Cashed out all of my crypto. Ultimately lost about $40 in total, tired of messing with it. I still think Crypto is stupid and is akin to gambling. I'd rather put my money in more reliable and less risky assets... like guns, hookers and blow.
I don't own kid gloves.
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Just a reminder. When you made the above post Bitcoin was at $29K. It hit an all time high recently and is around $66k today.
My youngest son took my advice and bought at $27k. Good Game!
06-16-2024, 04:03 PM
It's still ultimately just a gamble, like playing roulette. There are a lot of numbers you can look at before deciding to buy Walmart stock, or Tesla stock, or invest in bonds. The only number for crypto is a bet: will people continue to pour money into it, or not. There are no fundamentals.
06-16-2024, 07:18 PM
It's a stupid game with no tangible value.
I don't own kid gloves.
Steam Friend Code : 1636490
06-17-2024, 10:12 AM
I basically quadrupled my investment on the Gamestop nonsense a few years back, it was still a dumb pump and dump.
That's a stupid game too. Day trading is a game. If I can't leave it and forget it, I don't want it. If you have the extra cash laying around and you want to play the game, then by all means go for it. But anyone who invests money that would impact their life by losing in a game, is stupid IMO.
In my son's economics class they tried to play that game, he kept coming home all excited about the fake money he's made day trading in the stock market for the class. Then one of the investments he heavily invested in, he forgot to look at for a weekend, took a nose dive and he lost everything. Glad it was fake money. Now he wants to buy Nvidia... kid doesn't have a job and is about to go off to college and wants to put what little money he has in the stock market. Kids are stupid.
I don't own kid gloves.
Steam Friend Code : 1636490
06-17-2024, 02:35 PM
(06-17-2024, 12:04 PM)strife Wrote: That's a stupid game too. Day trading is a game. If I can't leave it and forget it, I don't want it. If you have the extra cash laying around and you want to play the game, then by all means go for it. But anyone who invests money that would impact their life by losing in a game, is stupid IMO. It's 100% gambling. But they don't let us have casinos in Houston and Lake Charles is kinda gross.
06-17-2024, 07:37 PM
(06-17-2024, 12:04 PM)strife Wrote: That's a stupid game too. Day trading is a game. If I can't leave it and forget it, I don't want it. If you have the extra cash laying around and you want to play the game, then by all means go for it. But anyone who invests money that would impact their life by losing in a game, is stupid IMO. Sounds like a smart kid. Investing is important unless you are counting on SSI. NVIDIA mc is 3Trillion so I think its a bit high but who knows. Tesla would be a better start for him. You gamble when you wake up in the morning and go to work.
06-18-2024, 12:41 PM
Investing is smart. Investing in single stocks is stupid, especially public single stocks. Tesla would be stupid, that shit may tank tomorrow because Elon called someone a pansy or one of the cyber trucks backed over a penguin. Nvidia a BIT high? It's at $135 a share after never going over even $5 a share for the first what, 20 years of it's existence. It's up like a billion percent over the last year. I wouldn't touch Nvidia with a 10 foot pole and if I had been in before, I'd strongly consider liquidating and taking my wins.
I work from home, so not much of a gamble.
I don't own kid gloves.
Steam Friend Code : 1636490
06-18-2024, 11:35 PM
He should buy index funds if he is going to invest.
A-LA-BA-MA MAN!
HE'S QUICK, HE'S STRONG, HE'S ACTIVE! You can take Alabama Man to the bowling alley, where he drinks heavily and chews tobacco! HE CAN BOWL, HE CAN DRINK, HE CAN DRINK SOME MORE, ALA-BA-MA-MAN! When wife asks him where he's been, just use the action button and Alabama Man busts her lip open! "Shut up, Bitch!" "Wow!" BEATS HIS WIFE AND SLEEPS IT OFF, A-LA-BA-MA MAN!
Actually a company like Nvidia is not a bad way to hop on the Crypto train without actually buying something like bitcoin directly. A lot of their performance in years past has been fueled by demand from Crypto mining for GPU's.
And a lot of their current outlook is driven by AI/GenAI tailwinds which also is reliant on GPU power. Still quite a bit of Hype, but still something tangible underpinning it. Is it getting into balloon territory? Maybe. But the AI/GenAI momentum is real - not that dissimilar to what took hold with Y2K. Hopefully that doesn't lead to a similar crash that we had post Y2K but either way, we still have some room I think before that becomes a real threat. Too many games to fit in signature....
06-20-2024, 01:01 PM
Elon will spend 3-4billion on NVDIA GPUs this year alone.
Several other AI companies will be spending more this year. AI is GPU intensive. NVIDIA could see another stellar year. You can ignore crypto but mass adoption is happening right now. Investment firms opened BTC ETFs and have purchased 47 billion in BTC so far. It's like 4% of the supply give or take. People are buying gold for hopes of a 15% yearly return. We are going to end up mining one of those quadrillion $$ asteroids if we aren't already. Never invest in something you don't understand and don't use. My 2 cents.
Asteroid mining is still a ways off in the future. Hell mining helium 3 on the moon is more feasible than mining an asteroid right now.
The best we can do with asteroids (right now) is land on one the less dense ones and get a sample off of it and back to Earth. That is still very tricky and prone to failure. Safely moving an asteroid into a stable earth orbit to mine it is still beyond our practical abilities. It is something that could in theory be done in using current technology but theory and real world application are two very different animals. Also your quadrillion dollar asteroids will no longer be worth a quadrillion dollars once the rare materials from it come to Earth. Certain rare materials are only super expensive because they are rare and hard to find on the Earth in large amounts.
A-LA-BA-MA MAN!
HE'S QUICK, HE'S STRONG, HE'S ACTIVE! You can take Alabama Man to the bowling alley, where he drinks heavily and chews tobacco! HE CAN BOWL, HE CAN DRINK, HE CAN DRINK SOME MORE, ALA-BA-MA-MAN! When wife asks him where he's been, just use the action button and Alabama Man busts her lip open! "Shut up, Bitch!" "Wow!" BEATS HIS WIFE AND SLEEPS IT OFF, A-LA-BA-MA MAN!
06-20-2024, 06:26 PM
(06-20-2024, 10:13 AM)Arsilon Wrote: Actually a company like Nvidia is not a bad way to hop on the Crypto train without actually buying something like bitcoin directly. A lot of their performance in years past has been fueled by demand from Crypto mining for GPU's. And the gov't could decide that they want to heavily regulate Crypto and kill the market... and heavily regulate AI and kill the market there as well. If you want NVidia, find a mutual fund that buys into Nvidia. I don't buy single stocks(at least not publicly traded single stocks), but I have a considerable amount of money in Google, Apple, Nvidia, GE, Exxon, Microsoft etc... through mutual funds. It's just too big of a risk to seriously invest in it. If someone wants to throw like 2% of their investments into a single stock... fine, I wouldn't hate them for it. I just think it's bad advice to tell someone to go put 10% of their net worth in a single stock.
I don't own kid gloves.
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