Quote:
Originally Posted by gauchojake
so which side does the trump coin fall on (they havent btw)
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Quote:
Originally Posted by gauchojake
so which side does the trump coin fall on (they havent btw)
meme coin obvQuote:
Originally Posted by sonatineQuote:
Originally Posted by gauchojake
so which side does the trump coin fall on (they havent btw)
i think you can still make an argument that meme coins are to some extent an asset but I think you open a can of worms if you consider them for government backed loans. If I can create it, probably not something that should be considered valuable for the purposes of calculating net worth or debt to income ratios.
Quote:
Originally Posted by gauchojakememe coin obvQuote:
Originally Posted by sonatine
i think you can still make an argument that meme coins are to some extent an asset but I think you open a can of worms if you consider them for government backed loans. If I can create it, probably not something that should be considered valuable for the purposes of calculating net worth or debt to income ratios.
make no mistake, im on your side here, but the policymakers behind this are not, shall we say, sophisticated.
My first reaction was to draw comparison to the early 2000’s and the easing of loan guideline. It has a faint familiar aroma.Quote:
Originally Posted by sonatineQuote:
Originally Posted by gauchojake
make no mistake, im on your side here, but the policymakers behind this are not, shall we say, sophisticated.
That is to demean how truly retarded those days were and I felt ashamed. “W”
Quote:
Originally Posted by Tellafriend
you know, he campaigned really fucking hard on waving some sort of magic wand at peoples credit card debt... i wonder if hes setting up some sort of (totally batshit) miracle cure where existing debts get knocked down to 1% apr or something..
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
you know, he campaigned really fucking hard on waving some sort of magic wand at peoples credit card debt... i wonder if hes setting up some sort of (totally batshit) miracle cure where existing debts get knocked down to 1% apr or something..
no telling. there are some really wild, really interesting, and literally pathetic ideas out there they are testing trial balloons on.
it's palpably obvious i and i have to think most of us think this is not fixable. but if they were going to do anything for anyone, i wish they had helped folks with huge medical bills. lighting so much money on fire with student loan forgiveness, using fema money for illegals, etc. was asinine and criminally so. medical bill forgiveness would have helped not only the debtors but so many institutions which we all need and depend on. their lobbies must not have paid enough.
does anyone have any thoughts on Robinhood as an investment here. it's expensive, but so is everything. morgan stanley has a pt of 43, so there's that. is it popular with the kids? easy to use? going to be around in a decade?
Quote:
Originally Posted by Tellafriend
the whole 'stocks on chain' reveal today probably insures they trade at 125 by the end of july.
also ive been looking into market making a chain i mentioned in another post and was surprised to see that both they and robinhood are on arbitrum apparently? so its really possible that robinhood is trying to drink coinbase's milkshake here in the medium/long term and as of now i earnestly believe they can/will do it.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
the whole 'stocks on chain' reveal today probably insures they trade at 125 by the end of july.
also ive been looking into market making a chain i mentioned in another post and was surprised to see that both they and robinhood are on arbitrum apparently? so its really possible that robinhood is trying to drink coinbase's milkshake here in the medium/long term and as of now i earnestly believe they can/will do it.
you are on another level with this stuff than me. i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....
do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.
i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.
any informed thoughts on these would be appreciated.
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
you are on another level with this stuff than me.
i promise you im not. im doing that incredibly autistic thing where i hyperfocus on a particular very high level endgame and let the pieces fall into place on the way.
Quote:
i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....
do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.
i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.
any informed thoughts on these would be appreciated.
no bullshit if i had anything close to an informed opinion about any of this id offer it. very little of this is in scope for me because im just trying to set up a bunch of cross platform arbitrage bots in colos with sub 10ms access to APIs who dont do KYC. its all very traditional-HFT adjacent.
the rest is certainly interesting but its just not in my food chain.
The number of mega yachts exploded pre vs post pandemic. Their number is going to double once more for many of the same reasons.
Assets, debt and money supply gone wild. Bank regulations relaxed. New money lent into existence. Low interest rates. Yada yada yada
If we throw a rod through the engine block so be it. No regerts
Anything that profits from volatility (trading) the next 3 years is going to crush so Robinhood is poised to profit too
Eggs will cost $8 in 2028
Quote:
Originally Posted by Sanlmar
you make me want to be a better man.
I was just reminiscing about the “Elon Tusk” thread.
There was a moment early on where the thread’s existence was threatened by Admin. Blind to the richness and symbolism, Druff took the liberty of creating a new thread for stocks and another for Elon Musk. In fairness, other randoms have created stock threads, as well.
Protests and civil disobedience ensued, of course. The Elon Tusk thread was thus forged & tempered much like the Chinese steel used in Tesla vehicles.
We were sampling “The Good Morning Show” on Apple the past couple of days. Art’s take on the pandemic, the metoo movement, and legacy media. The show is so dated just a few years later. It’s remarkable how badly it aged.
In it there was a tech billionaire character, Paul Marks, who was played by John Hamm. This character was clearly inspired by Elon Musk. In one episode the character Paul Marks literally talks about sleeping on the factory floor etc etc.
Paul Marks/Elon Musk was portrayed as a handsome, charming and romantic figure. (Richard Branson-ish) Alex Levy (played by Jennifer Anniston) falls in love with him. LoL.
The Good Morning Show premiered 2019 and was prolly scripted years prior. The Elon Musk characterization is now really kinda humorous given the passage of time.
if robinhood does something about its $34,450.60 margin requirement to trade nasdaq futures, its going to be fucking curtains for a lot of big name brokers.
shit they should get into prop accounts now that i think about and just purge the temple of all its moneylenders in one fell swoop.
also if anyone needs me ill be moving my portfolio into....
https://pbs.twimg.com/media/GuqZdjta...jpg&name=large
Quote:
Originally Posted by sonatine
Good decision for once, but still laughing about you even mentioning RobinHood.
What are you, some 20 YO kid with $50 buying garbage some sucker pitched them on Reddit?
so heres a bit of fine print i missed; robinhood isnt staying on arbitrum (L1). they are going to roll out their own centralized chain (L2). which means arbitrum goes from a value-capturing platform to a commoditized infrastructure. which means literally none of the value generated within robinhoods L2 has any impact on the L1 ecosystem?
but beyond that, when you consider that the core thesis is to provide some sort of rosetta stone for transmuting shitcoins into equities and back, how do you do that with any real accuracy... wait are they creating an on-chain darkpool?
oh my god its an on-chain darkpool.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
i promise you im not. im doing that incredibly autistic thing where i hyperfocus on a particular very high level endgame and let the pieces fall into place on the way.
Quote:
i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....
do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.
i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.
any informed thoughts on these would be appreciated.
no bullshit if i had anything close to an informed opinion about any of this id offer it. very little of this is in scope for me because im just trying to set up a bunch of cross platform arbitrage bots in colos with sub 10ms access to APIs who dont do KYC. its all very traditional-HFT adjacent.
the rest is certainly interesting but its just not in my food chain.
if the crypto topic is of interest, i commend this interview to you:
https://youtu.be/Amu-x6acRWo
thanks for this.Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
if the crypto topic is of interest, i commend this interview to you:
https://youtu.be/Amu-x6acRWo
i think theres a really important point that needs to be made; i think crypto is a fundamentally retarded tulip fetish but i love the money making opportunity it presents in certain fringe cases, and for day job reasons its important that i understand the physics of on-chain for forensic purposes. and as someone who recognizes that this is a founder phase economy, i need to keep an open mind for solutions that embrace the new tech.
but at the end of the day, my pathos re bitcoin is; i dont care if it 10x's by the end of the decade. look what the market is doing right now, look at the nasdaq's overnight action; its 12:45 and we are at ATH more or less. if you want a 10'xer, just buy 0day puts on QQQ if we break under the 5 minute opening range, youll probably get there pretty quickly.
my thesis with crypto has always been; the people who get rich in a gold rush are the people selling shovels. and so bitcoin doesnt interest me, but find me technical docs on https://www.wintermute.com/ and my cell phone goes on airplane mode and im brewing a fresh pot of coffee.
Tesla deliveries drop 14 percent amid Musk backlash
https://pm1.aminoapps.com/7304/ec101...7-337v2_hq.jpg
it probably pays to remember that robinhood can and very possibly will get folded with lawsuits over shit like this in the coming weeks/days/hours;
https://x.com/OpenAINewsroom/status/1940502391037874606
this is what i was/am trying to front-run. for now, i believe he's right and this will be the future of payments, at some point. if others agree and start to join and create their own stable coins then its going to be huge -- imagine them being the largest UST holders, that's a lot of power w the Treasury/guvment. Anyway, if you listen you will here Tom say that Galaxy Digital was one of their early partners on this new investment in Bitmine.Quote:
Originally Posted by sonatinethanks for this.Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
if the crypto topic is of interest, i commend this interview to you:
https://youtu.be/Amu-x6acRWo
i think theres a really important point that needs to be made; i think crypto is a fundamentally retarded tulip fetish but i love the money making opportunity it presents in certain fringe cases, and for day job reasons its important that i understand the physics of on-chain for forensic purposes. and as someone who recognizes that this is a founder phase economy, i need to keep an open mind for solutions that embrace the new tech.
but at the end of the day, my pathos re bitcoin is; i dont care if it 10x's by the end of the decade. look what the market is doing right now, look at the nasdaq's overnight action; its 12:45 and we are at ATH more or less. if you want a 10'xer, just buy 0day puts on QQQ if we break under the 5 minute opening range, youll probably get there pretty quickly.
my thesis with crypto has always been; the people who get rich in a gold rush are the people selling shovels. and so bitcoin doesnt interest me, but find me technical docs on https://www.wintermute.com/ and my cell phone goes on airplane mode and im brewing a fresh pot of coffee.
https://x.com/Cointelegraph/status/1940460801883599120
Are you buying ETH, BNMR, GLXY or all of them?
Quote:
Originally Posted by country978
GLXY & ETH.
Do you like EETH, the ETF or are you buying straight up ETH? I like the ETF's because they can be held in my IRA as opposed to Coinbase. Curious about your approach.Quote:
Originally Posted by TellafriendQuote:
Originally Posted by country978
GLXY & ETH.
I wound up with a small BMNR position and so far so good
edit - well i fucked up and put in a stop limit at $81,20 and got executed. Felt like a genius move after paying $56.20 after hours yesterday only to see it approaching $100 now
another edit - this fucking thing is now $130+ - 121% on the day -
last note on BMNR - FOMO I bought a little of this back at $106
The Fed bailed out the repo market June 30th. This is where banks go for overnight cash. They pawn assets (treasuries or whatever) for cash with the promise to collect their assets later.
This is a cool data point for me
Things are getting tight with the big gov spending going on etc. we been quantitative tightening too yada yada. Cash crunch
PFA got into this BIGGLY in 2019.
Last time this happened QE was enacted. It was called “not QE” lol. In later months rates fell. Bank leverage rules eased. Assets popped, inflation. Rinse repeat.
People have access to info and possess more awareness we didn’t have back then which I am attentive to now.
Just as people front ran the Mideast Iran deal …. previously markets tanked on uncertainty but rebounded later as they always have in our forever Mideast conflicts …. this time informed gamblers skipped the tank from uncertainty phase. Market history. What do gamblers know of repo markets? We shall see
Meantime enjoy your spoils and wealth transfer. Make Barron proud
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by country978
GLXY & ETH.
https://x.com/RyanSAdams/status/1940867513358651725
After the 30% tax credit goes away at the end of September, people stop buying electric vehicles.
Introducing the Tesla Cyber Garbage Can.
The perfect place to storage your Tesla stock.
https://i.chzbgr.com/full/10409304832/h7D02B192
Error post, Druff please delete.
btw elon took over training the model for grok last week (seriously, he posted about it) and things are going swimmingly
also lots and i mean lots of posts about raping twitter users.
https://x.com/AFpost/status/1942694284244767125
Here's more. I don't know how they will handle this with more complex models. This is more less parroting the thousands of pages of /pol/ board discussions online, but in the future I don't think they will be able have an advanced working model that doesn't tell the truth about all sorts of uncomfortable things many refer to as "racist".
Quote:
Originally Posted by VaughnP
https://www.systemicmisalignment.com/
tldr its far too computationally inconvenient to retrain models so they have to isolate the errant 'personality' aka /pol/ data or whatever schizophrenic youtube channel that got slurped up and patch it out using layers of weights and prompt gates.
but its always there, it never goes away.
anyway in other news this sentiment has gone from a fringe opinion to a fairly mainstream concern;
https://x.com/bucketshopcap/status/1942583752670007598
makes sense when you think about it.