@defiseth
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cryptographic commodity connoisseur | ex. product @ltp_primebroker @ambergroup_io | #bitcoin since 2014 | moderation maximalist
Joined February 2011
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This is not to mention that it’s a useless governance token with only hints at anything resembling share in protocol revenues. Multiple layers of smart contract risk, potential stETH depeg, USDe depeg bank run from flash crash, etc.
Seth retweeted
If you earned $1 million every day since Jesus Christ was born, you'd only have 85% of what the US government has spent to cover its debt interest so far this year.
Seems totally sustainable.
So after some time on Twitter I have learned that one should voluntarily take ice baths, never eat seed oils, in fact eat only beef liver (grass fed of course), mortgage my house to buy bitcoin, and now apparently I should be making fish faces or I will be ugly forever.
Wait, there is a National Tipping Association that makes fair and balanced judgements about how much people should tip?
Seth retweeted
We’re giving away #BITCOIN!
Guess the exact date & time of the halving to enter to win!
1️⃣ Reply with your prediction of the date (MM/DD) and UTC time (HH:MM AM/PM)
2️⃣ RT this post
3️⃣ Follow @krakenfx @krakenpro @krakennft
Full contest rules: kraken.com/btchalving2024xte…
Tether profit is absolutely insane. Imagine such a simple idea earning you $6.2bn with a company of 100 employees.
Maelstrom data shows that USDT issuer Tether's net profit in 2023 is about $6.2 billion, reaching 78% of Goldman Sachs and 72% of Morgan Stanley. Tether has about 100 employees, while Goldman Sachs and Morgan Stanley have 49k and 82k employees respectively. nitter.cf/teddyfuse/status…
Seth retweeted
"Warren Buffett, the billionaire head of Berkshire Hathaway, will probably go down as the greatest investor in history... Berkshire shares have seen an average annual return of 20.0%..."
Meanwhile:
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I expect Bitcoin to be $100 k by September 2024.
If you are not into Bitcoin I suggest buying silver coins, preferably US silver eagles. My friend Andy Schectman states the once abundant supply of silver is nearly gone. He has a standing order for $1 million in “junk” silver (pre-64 US silver coins) and can it find pre 1964 silver coins to fill the order.
Q: Why is this happening?
A: Because the “smart money” knows the US is the biggest debtor nation in the world; China’s property market is “toast;” Japan has been in a Depression since 1990; Germany is sliding into aDepression, mom and pop consumer are living on credit cards; banks are in trouble; and the world is on the brink of war.
Michael Saylor a Bitcoin maxi asks Q: “What do you call people who insist on saving fiat currency…“fake” money?
A: Poor.
Michael Saylor, Andy Schectman and me, do not want you to be poor.
Please start acquiring gold, silver, Bitcoin, if you already have not started.
Of the three, silver is the most affordable for the most people.
Bitcoin is about $70,000 a coin.
Gold is about $2,500 coin.
Silver is about $35.00 a coin.
Please don’t be a poor person saving fake money.
Almost everyone in the world can afford at least one silver coin or one Bitcoin Satoshi.
Be smart, take action, and take care.