4 ms·

It is not about locked up on asset, it is about locked up on volatile asset vs stable asset.

by bluesign 6y ago

capableweb 6y ago
No, that's not at all what bondarchuk said. bondarchuk hinted that if you don't have the cash from selling something, you can't count that as making a profit, as you haven't actually taken any profit. Why would it matter if it's volatile or stable?
- leereeves 6y ago
  It might matter to someone who wants their headline to still be true in two days, which this headline isn't at the moment, after Bitcoin's recent drop. The value of any asset might change significantly in two days, but the odds of that are much, much higher with Bitcoin.
  - capableweb 6y ago
    Yeah, if you're into a life that doesn't move forward, I don't think you have a lot of options. Many of our headlines today are ephemeral and true for now, but historically becomes false after a while. Bitcoin is no exception.
    - leereeves 6y ago
      I think most people are into a life that doesn't move forward 15% one day then backward 15% the next, leading to ephemeral "profits" like these. For those who would rather live in a world where headlines are true one day and false the next, and wealth is ephemeral, Bitcoin is a good place to find that thrill. And prematurely reporting unrealized profits seems to fit the Bitcoin mindset nicely. Goes well with "money" not actually used for (legal) transactions and a "store of value" that regularly changes value more than 10% in a day. The hype train must keep on moving, lest the party end.
      - capableweb 6y ago
        Sure, but what does that have to do with the initial point that this thread is about?!
- bluesign 6y ago
  Imagine you have 2 people, applying for a loan from you. - 1 has AMAZON shares worth 5000 USD as collateral - 2 has BITCOIN worth 5000 USD as collateral you can say for example, you can grant 4000 USD credit for 1, maybe 2000 USD credit for 2.

4 ms·

It is not about locked up on asset, it is about locked up on volatile asset vs stable asset.

by bluesign 6y ago

It is not about locked up on asset, it is about locked up on volatile asset vs stable asset.

capableweb 6y ago
No, that's not at all what bondarchuk said. bondarchuk hinted that if you don't have the cash from selling something, you can't count that as making a profit, as you haven't actually taken any profit. Why would it matter if it's volatile or stable?
- leereeves 6y ago
  It might matter to someone who wants their headline to still be true in two days, which this headline isn't at the moment, after Bitcoin's recent drop. The value of any asset might change significantly in two days, but the odds of that are much, much higher with Bitcoin.
  - capableweb 6y ago
    Yeah, if you're into a life that doesn't move forward, I don't think you have a lot of options. Many of our headlines today are ephemeral and true for now, but historically becomes false after a while. Bitcoin is no exception.
    - leereeves 6y ago
      I think most people are into a life that doesn't move forward 15% one day then backward 15% the next, leading to ephemeral "profits" like these. For those who would rather live in a world where headlines are true one day and false the next, and wealth is ephemeral, Bitcoin is a good place to find that thrill. And prematurely reporting unrealized profits seems to fit the Bitcoin mindset nicely. Goes well with "money" not actually used for (legal) transactions and a "store of value" that regularly changes value more than 10% in a day. The hype train must keep on moving, lest the party end.
      - capableweb 6y ago
        Sure, but what does that have to do with the initial point that this thread is about?!
- bluesign 6y ago
  Imagine you have 2 people, applying for a loan from you. - 1 has AMAZON shares worth 5000 USD as collateral - 2 has BITCOIN worth 5000 USD as collateral you can say for example, you can grant 4000 USD credit for 1, maybe 2000 USD credit for 2.