Bitcoin....who's gotten into it?

[J. Barron DeJong]

No one is asking for an immediate budget balance. A slight easing off of the out of control waste spending would be a start

A ‘slight easing off’ of waste spending is a recipe for spiraling debt.

This is what they’re arguing over:



Give the ‘small government’ party all the spending cuts they want and you still have a massive deficit.

[stalefish3169]

Have at it: https://us.abalancingact.com/2023-federal-budget

No serious person believes that the budget is going to ever be balanced by spending cuts alone. Which isn’t surprising since it was tax cuts that created the majority of the deficit in the first place.

Don't overlook the ammo, which was largely a transfer of public tax funds to private investors.

https://www.youtube.com/watch?v=MQK3pL-Vpyk

[J. Barron DeJong]

Don't overlook the ammo, which was largely a transfer of public tax funds to private investors.

https://www.youtube.com/watch?v=MQK3pL-Vpyk

Like I said, no serious person…

[stalefish3169]

Like I said, no serious person…

Jong is the embodiment of the modern neoliberal democrat sheep. Thinks all is well in the world because dear leader and the NYT say so, and gay people can get married. Yet thinks it's ok, and necessary, that we spend ungodly amounts of money turning brown people into pink mist.

[byates1]

Lives in lilly white la la land too busy obsessing over 200k 80s land cruisers, happily paying 3$ for every eco artisanal grocery bag. Brown ppl steal his shit he just laughs it off and pays more for sensitivity training

[J. Barron DeJong]

It’s shocking that you both still have such a distorted view of who I am. We’ve been doing this a while now.

[byates1]

Were gonna need a chart

[dunfree]

Were gonna need a chart

imagine being a dumb motherfucker in a van by the river looking at the UK and saying “gimme some of that cuz I got my magic bits”

[byates1]

Hey everyone dunfree is back!

[bennymac]

Brown ppl steal his shit he just laughs it off and pays more for sensitivity training

And yet saying Timbuktu is enough to be labeled a racist here.

I get it though - it’s gotta be hard to make a circle out of your wagons when there’s only two of you.

[dunfree]

Hey everyone dunfree is back!

Dude who’s in Groundhog Day and acts every day the same

[byates1]

Hey everyone dunfree is still here!

[byates1]

dunfree is Chris Perry. it all makes sense now.

[stalefish3169]

dunfree is Chris Perry. it all makes sense now.

More like, Hugh Conway.

[byates1]

Imagine being as miserable as hugh dunfree. What a way to go through life.

[stalefish3169]

The SEC with another strongarm maneuver today illustrating that crypto has no staying power and is clearly equivalent to tulips and beanie babies.

/thread

[bennymac]

dunfree is Chris Perry. it all makes sense now.

Sure maybe.

And you are Chris Terry. That does make sense.

[byates1]

Bennys wife is bored

[mud]

The SEC with another strongarm maneuver today illustrating that crypto has no staying power and is clearly equivalent to tulips and beanie babies.

/thread

lol at thinking the SEC legitimately cares about consumers.
Buttcoin is still a scam.

[byates1]

mud send me your retirement I've got some brilliant investment ideas

[stalefish3169]

Well, well, well. Looks like we got some BTC mining going on in Keyna with excess renewable energy. El Salvador, Bhutan, Keyna...all mining BTC. Tick tock, next block.

https://x.com/fgthiel/status/1794028215071076855

[J. Barron DeJong]

Well, well, well. Looks like we got some BTC mining going on in Keyna with excess renewable energy. El Salvador, Bhutan, Keyna...all mining BTC. Tick tock, next block.

https://x.com/fgthiel/status/1794028215071076855

Yes, I’m sure Kenyans - who have per capita electricity use about 4.5% that of Americans - will benefit greatly from these miners using up some of their ‘excess’ electricity.

Is there an ‘excess’ of water to be used for Bitcoin mining in Kenya as well?

[bennymac]

Well, well, well. Looks like we got some BTC mining going on in Keyna with excess renewable energy. El Salvador, Bhutan, Keyna...all mining BTC. Tick tock, next block.

https://x.com/fgthiel/status/1794028215071076855

Maybe the geography TA can point us to where “Keyna” is on the map.

[J. Barron DeJong]

Wow! Imaging how much better it would be if instead of California storing excess electricity in batteries to be used later they just, uh… wasted it?

(It wouldn’t really be wasted though, right? Cause it would be evaporating off some of California’s ‘excess’ water supply.)

[LeeLau]

ProfG's column today

The dot-com bubble of the late 90s was predicated on a thesis that proved out: The internet was the most transformative technology of this millennium, poised to create unprecedented value. That did happen, and several of the companies that appeared wildly overvalued turned out to have been bargains.

The housing market bubble of the 2000s was a function of low interest rates, financialization, and other external factors, but under all that was a correct thesis: Land is finite, houses are essential, and we don’t have enough of them. Nearly two decades later, we still don’t.

Crypto was a bubble largely fueled by psychological nonsense — the Bored Apes should have been called Bored Tulips. But blockchain technology made a case for providing real benefit, and the resilience of Bitcoin indicates it likely will endure as a store of value.