cyphertruck

14 ms·

121.
by cyphertruck 6y ago
Fake news. Anyway, at dome future point people will search HN for bitcoin price predictions. I have a million dollars on this one. Mock me now, and next year you will have forgotten this conversation ever happened. And thus you will not lea
122.
by cyphertruck 6y ago
Yes. I expect it will surpass $100k next year, maybe hit $200k, then crash down to $50k in 2023. Media will declare it dead. By 2025 it will be back up over $1M and “dead” again at ~$500k in 2027. Then another ATH in 2029, 2033, 2037,2041
123.
by cyphertruck 6y ago
Their stock was pretty flat for three years, now it is in a bull market. I don’t think you would be upset if you were a shareholder...
124.
by cyphertruck 6y ago
It’s really fascinating to see these comments about bitcoin being “near all time high” from people who seem to imply that means it us risky. In 2017, bitcoin hit the high $19,000 price on huge volume, intraday during a bubble. Now it has ta
125.
by cyphertruck 6y ago
That math doesn’t add up. There are only ever going to be 21 million bitcoin, 19 million are in private hands, and the remaining 2 million will be mined over the next 120 years. A billionaire is worth 1,000 million dollars. If there are 2,8
126.
by cyphertruck 6y ago
That ratio of total gold yo gold that is trading (or mined each year) is called the “stock to flow”. It’s quite a fascinating metric. For instance, it dhows that silver is a commodity rather than a precious metal. Bitcoins stock to flow n
127.
by cyphertruck 6y ago
Bitcoin will hit $100k next year. I expect it will top out around $400k-$500k before falling down to ~$65k in 2022.... only to start running again and easily exceed $1M per coin in 2025. This may seem absurd to make such predictions,but it
128.
by cyphertruck 6y ago
Bitcoin is a scarce asset with little to no execution risk. A tuna fleet is a business subject to the whims of the market with execution risk. Since equities have been the primary investment medium fir years, people think of Bitcoin like a
129.
by cyphertruck 6y ago
SEE is a show I expected to hate but really loved. It looks hetter than any l movie on my iphone (I think they are using really wide dynamic range and color gamut, which is ironic given the premise.) Ted Lasso was great too. I just wish App
130.
by cyphertruck 7y ago
If you read the bitcoin core release notes going back at least the past 5 years, and look at the road map, every release and every planned addition has improved scalability— many of them very significant improvements. The “bitcoin doesn’t s
131.
by cyphertruck 7y ago
That’s not the status quo at all. You can buy a raspberry pi 4, a 1TB SSD, and have a perfectly functional bitcoin node, and lightning node and BTCPAY server all in one for close to $200. Secondly, Lightning isn’t “additional complexity” f
132.
by cyphertruck 7y ago
It took quite awhile to understand what narcissists are and to recognize that attempting to talk to them is pointless. They are simply incapable of valuing any other human being, let alone comprehending that such human being might have supe
133.
by cyphertruck 7y ago
I think it is a mistake for me to fight the “NSA created bitcoin” narrative. I am gleeful at Nelson not owning any bitcoin and want all like him who reject it for ideological reasons to continue to misunderstand it. Freedom and human right
134.
by cyphertruck 7y ago
Bankers make money via The Cantillion effect. Frankly, your response shows how revolutionary bitcoin is- it’s been ten years and you haven’t learned enough about it to understand it. That’s fine, most people haven’t, and bitcoin isn’t read
135.
by cyphertruck 7y ago
You’re projecting your temptation into people based on your values, as is Nelson. But you are not Satoshi. Satoshi faces risk worse than Edward Snowden. The central bankers are far more formidable. And the solution is easy: Satoshi mined
136.
by cyphertruck 7y ago
Bitcoin was designed by an individual with intimate knowledge of the state of the art in suspicions of NSA backdoors. You are assuming Satoshi is sitting on money. Satoshi took care to hide it’s identity, and thus would have switched min