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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 08:32:59 JST 
Lyx
@sun https://www.zerohedge.com/crypto/intrinsic-value-crypto-what-it-how-calculate-it - Christmas Sun likes this.
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 08:32:58 JST 
Christmas Sun
@Lyx Interesting analysis. -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 10:38:04 JST
Christmas Sun
@Lyx this type of thing is only good for making broad strokes of interpretation, you can't use it for actually comparing. The article does mention some of the limitations of applying Metcalfe's Law to cryptocurrency, like it can't valuate transactions. It also can't directly compare chains because of the difference in block speed and number of transactions per block.
"Intrinsic" is also kind of handwavey because all that ultimately matters is if people use it, put faith in it. The tokenomics of DOGE for example are completely fucked because the guy who invented it made it INTENTIONALLY bad as a joke, but people keep using it so it just keeps going. What I mean to say is, intrinsic value doesn't seem to predict actual value at all and I suspect that the measurements they are using are only good for backward "explanation" rather than "prediction". -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 10:38:05 JST
Lyx
@sun do u agree with it¿ iknow your a crypto bro im more of a goldbug but ivenever likedcrypto lest a couple days in 2020 i bought etherium and acoupleothers. Too much speculative buying and peoplebuying in the hopes of getting rich not understanding storage of value. Ive also heard its ballooning rn because chinese citizens are buying it to escape ccp capital controls which are lowering the bar every day as to how much capital theyre allowed to access. -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:02:28 JST
Christmas Sun
@Lyx I am seriously considering switchign almost all my eth to btc -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 11:02:29 JST
Lyx
@sun good analysis. I believe people should hold crypto not because it has any value at all, but because theres a fair amount of people who use it as a medium of exchange tho id limit usage to etherium, bitcoin, and monero because of their popularity and ease of exchange but with financial institutions gaining access to crypto its reasonable to believe theyre constantly spoofing and sandbagging price to make large margins on transactions Christmas Sun likes this. -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:08:31 JST
Christmas Sun
@Lyx eth has been stagnant and btc is going insane and I dont think its gonna stop -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 11:08:32 JST
Lyx
@sun any reason why¿ i only make these suggestions to prevent all the current pump and dump schemes wreaking havov on crypto rn with specualtive "new coins" and using time tested names like those 3 are a good way to avoid any of the quackery lol -
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Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:11:13 JST 
Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
@sun @Lyx sorry but you're on crack. eth is up year over year more than basically any asset class. [Which *should* be good for me.] -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:35:44 JST
Christmas Sun
@hakui @Lyx why relatively stable -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 17-Dec-2024 11:35:45 JST 
御園はくい
@sun @Lyx so, you're saying eth is a stable store of value instead of a speculative asset? -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:37:03 JST
Christmas Sun
@hakui @Lyx people are trying to beat inflation, you gotta do what you gotta do -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 11:41:55 JST
Christmas Sun
@hakui @Lyx I have way more ETH than I need for transactions and if I want to make it work for me, BTC would work better than an ETH l2 shitcoin or token -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 17-Dec-2024 11:41:57 JST
御園はくい
@sun @Lyx because the chart isn't a rollercoaster like btc is -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 12:15:43 JST
Lyx
@jeffcliff @sun my gold platunum palladium and silver are doing perfectly fine lol. Chek it out here this is where i buy when i can
Apmex.com -
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Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Tuesday, 17-Dec-2024 12:17:04 JST
Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
@Lyx @sun oh yeah gold/etc will hold their value i'm sure
but I would be *very* nervous at having it on my person or in my livingspace.Another Linux Walt Alt likes this. -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 12:17:56 JST
Christmas Sun
@jeffcliff @Lyx I have a gun safe. I want to get a real safe. -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 12:24:05 JST
Lyx
@sun @jeffcliff i usually just hold it in a locked weed smell proof bag but the nifty thing about apmex is, they can actually store your purchases on sight for u and they do quartely audits of whats in it and have insurance in case of theft or loss. And theyre in an armoured complex thats as safe as it gets lol -
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Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Tuesday, 17-Dec-2024 12:24:38 JST
Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
@Lyx @sun > they can actually store your purchases on sight for u
i'm sure liberty dollar did that for awhile tooChristmas Sun likes this. -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 12:29:58 JST
Christmas Sun
@hakui @Lyx @jeffcliff they also got dinged because they would try to get merchants to return change to people in liberty dollars. I looked at the court case though and what got the feds on the case was some dumbass was offered liberty dollars and she decided that transacting in anything other than usd must be illegal and they were counterfeiting -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 17-Dec-2024 12:29:59 JST
御園はくい
@jeffcliff @Lyx @sun liberty dollar got raided because of the name, not because it was shiny rock -
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Christmas Sun (sun@shitposter.world)'s status on Tuesday, 17-Dec-2024 12:36:19 JST
Christmas Sun
@hakui @Lyx @jeffcliff there was a whole rigamarole speech you were supposed to give before giving them to people but yes they should not have made them called dollars and made them look like old us coins. on the other hand if someone gives you a silver slug that says dollar on it and you turn it down you are a retard, the woman was a retard -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 17-Dec-2024 12:36:20 JST
御園はくい
@sun @Lyx @jeffcliff yes having "dollar" in your name tends to do that
goldbacks don't have this issue -
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Lyx (lyx@cum.salon)'s status on Tuesday, 17-Dec-2024 12:38:12 JST
Lyx
@hakui @jeffcliff @sun apmex sells utahs :putin_wink: -
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御園はくい (hakui@tuusin.misono-ya.info)'s status on Tuesday, 17-Dec-2024 12:38:33 JST
御園はくい
@sun @Lyx @jeffcliff people spend ASEs for their face value all the time so Christmas Sun likes this. -
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Account: Firearms (gat@mu.zaitcev.nu)'s status on Wednesday, 18-Dec-2024 06:12:38 JST 
Account: Firearms
@sun @Lyx @jeffcliff Keep in mind that resistance of safes is much decreased by battery-powered grinders. It works by melting, therefore no metal can resist it, no matter how hard. The only thing safes can offer anymore is being super thick. But that also makes them so heavy that normal houses cannot support them. It's a vault, not a safe. So I think the most important characteristic of a safe is a fire resistance. None of them offer much of burglar resistance. -
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Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Wednesday, 18-Dec-2024 06:13:39 JST
Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
@gat @Lyx @sun ie buy a 🧯before buying a safe -
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Lyx (lyx@cum.salon)'s status on Wednesday, 18-Dec-2024 08:56:50 JST
Lyx
@gat @jeffcliff @sun a wise man knce told me "door locks keep honest men honest. A thief cab bust out a window"
Make it inconvenient and most people will just grab whatever they can lest your very rich and they know what theyre looking for. But in that situation you would use an armed facility like a bank or a brokerage like apmex.com to hold your valuables under an insured contract -
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Lyx (lyx@cum.salon)'s status on Wednesday, 18-Dec-2024 08:57:13 JST
Lyx
@jeffcliff @gat @sun dogs are the best security system out there -
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Hoss Delgado (hoss@shitpost.cloud)'s status on Thursday, 19-Dec-2024 01:17:23 JST 
Hoss Delgado
I like crypto, but it's less interesting to me at the moment because of all the normies playing around in the market. Everybody hates silver right now, and its mediocre price action over the years has made it the butt of jokes, making it exactly the place I want to be. I accumulated positions in crypto after the crash in 2017 when all the normies started thinking it was a joke again and made a nice profit from my contrarianism. Now while everybody is starry-eyed over crypto, my gaze has been drawn to the growing silver supply deficit consuming the vaults year after year, and the fact that the photovoltaic production that's contributing to it is accelerating rather than slowing. I like where I'm positioned right now, and I'm stubborn enough to stay put until the long game starts playing out like I know it will. -
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Lyx (lyx@cum.salon)'s status on Thursday, 19-Dec-2024 01:17:24 JST
Lyx
@jeffcliff @gat @sun @Hoss forgot to tag u youd like this conversation -
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feld (feld@friedcheese.us)'s status on Thursday, 19-Dec-2024 03:47:04 JST 
feld
@sun @Lyx you shoulda done this like a month ago when we chatted about it last :)
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