washedup

15 ms·

151.
by washedup 6y ago
Not "saving it" but "saving it from short seller pressure". The stock was previously heavily shorted, to the point GME was reaching bankruptcy. That is no longer the case.
152.
by washedup 6y ago
That's because it's a new phenomenon. We'll get used to it.
153.
by washedup 6y ago
Yes, definitely some on the long side as well. How do you know most of the "wins" went to wallstreet?
154.
by washedup 6y ago
They aren't trying to kill GME though, they are boosting it, essentially saving it and shareholders from short seller pressure. I see it as a bizarre, but ultimately positive behavior. Wallstreet no longer holds all the keys.
155.
by washedup 6y ago
Appreciate the explanation, thanks! Enjoyed the article.
156.
by washedup 6y ago
Just curious: how come the total observations of the confusion matrices are so different? Shouldn't the same data set be used in each trial to fully evaluate the performance differences? Maybe I missed some details in the article...
157.
by washedup 6y ago
Missed that, Thanks!
158.
by washedup 6y ago
It’s all good, and I appreciate your call out. Probably a good idea for me to add a little disclaimer going forward!
159.
by washedup 6y ago
Thanks for digging. Yes, of course I am invested. If I believed the things I say about them, it would be ridiculous not to be. Could you please instead address my response? What about my points do you disagree with? Edit: I have no exposure
160.
by washedup 6y ago
My first reply was rather terse, so trying again, and I have a couple points: 1. Tether, even if fraudulent, has very little impact on bitcoin. How do I know this? There are currently 24 Billion dollars worth of tether in existence. The da
161.
by washedup 6y ago
There are many stablecoins. Right now tether continues to get most volume due to access to some major exchanges, but others could take its place. I don’t think it would be anything to write home about, though.
162.
by washedup 6y ago
What seems fishy about it? Each tether is created when someone gives up a dollar. That’s why the conversion rate of dollars to tether is (almost always) 1. There is no mystery here. The only concern is that maybe they don’t have enough rese
163.
by washedup 6y ago
"...Bitcoin was designed to have a fixed number of coins — it will have 21.5 million coins as of 2040, and then no more" Maybe just a typo, but really it's 21 million by 2140. Estimates say that over 3 million have been lost
164.
by washedup 6y ago
Is there a version in print?
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Stone Ridge 2020 Shareholder Letter(microstrategy.com)
3 points by washedup 6y ago|0 comments
166.
by washedup 6y ago
Every investment is speculation.
167.
by washedup 6y ago
While I am very bullish on Bitcoin, this just isn't fair. Both anti-coiners and pro-coiners spend a lot of time on research to find out the truth, and the truth is that either group could be proven wrong long term. These are uncharted
168.
by washedup 6y ago
No, I don't misunderstand, I agree with you. Just saying that a market price is the best guess for whatever the "true" price is / should be. Because cyrpto markets are easily accessible across the world to everyone, it
169.
by washedup 6y ago
Good point, a lot of the value prop is simply blockchain, which there are many "crypto" versions. Bitcoin's real value prop today is the network effect (growing in users/wallets/network hash etc).
170.
by washedup 6y ago
The author is saying it's lack of ability to be medium of exchange is reason for it's failure and their decision to short it, I am saying that you need to consider all facets of the technology. It might fail as currency today, but
171.
by washedup 6y ago
Markets determine which price is reasonable. It's a collective decision about how much something is worth. Is it reasonable to say bitcoin should be worth less than $10K, $1000, $100 etc...? No, because the price today is not that.
172.
by washedup 6y ago
I agree that most buyers are investing as a speculation; all investing is speculation. Bitcoin is a new type of asset that has properties never seen before. That is what my point is, that they new properties are being discounted heavily b
173.
by washedup 6y ago
Anything that a person finds useful (or, more strictly, that a person can trade) can be an asset. Bitcoin is a new type of asset that has properties never seen before. That is what my point is, that they new properties are being discounte
174.
by washedup 6y ago
I don't understand why people keep trying to compare Bitcoin to traditional fiat money when it is an entirely new asset class that we have never seen. It is sorta like money (or can easily be converted to "real" money), an as
175.
by washedup 7y ago
Bingo! One reason why Campaign Finance Reform is so important. But even that’s probably not enough.
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by washedup 8y ago
Success should be gauged by daily transaction growth, network growth, and decreasing transaction fees, all of which are slowly improving. Price growth is a nice corollary with these factors, although it is disjointed in terms of timing. Tha
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by washedup 9y ago
It's how much value the currency holds. It's a barometer of collective trust in the asset.
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by washedup 10y ago
Northern hemisphere.
179.
by washedup 11y ago
Any idea if there is a list of changes?
180.
by washedup 11y ago
Thanks for sharing, great videos.

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