Trey3216

Supposed to say ISN'T Jewslaw121. Nice fail there, Trey. Nice.

Is this a house for nurse ants??

That's because your handle is Jewslaw121.

Band Name worthy

Brisket carries one in the bed of the truck, and it ain't no joke...

Just outside of Dawson (Navarro County).

IBRX today.....

I member

IBRX goes up to $4, IBRX comes back to $3.25. WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

In other shocking news.... The Saturday season opener BETWEEN the Carolina Hurricanes and Tampa Bay Lightning has been postponed...

I'm not against bitcoin, or trying to move goal posts. You've given the public a place to go and get bitcoin without having to, you know, actually try and go out and get bitcoin. It's a lot cheaper to go buy a few gallons of gas than it is drill, pump and refine it yourself. It turned gasoline into a common good rather than a rare good. Bitcoin is no longer a rare good. I have some myself, and I have IBIT as well. I just think the advent of the ability to trade it so easily will suppress the "hypergrowth" scenarios in the future. It'll trot along with the stock market.

My main point is that you will eventually have funds of funds of these things, and options on the funds and the funds of funds. Supply supply supply.

They most certainly do own quite a bit. But as more and more come on line, and funds of funds are made out of them, it will ultimately lead to artificially inflating the supply. Think about the derivative markets in general. Think about what happened in '08 when we had financial institutions collapsing because 3rd and 4th order derivative tranches built on slices of MBS were collapsing. You had a hundred trillion $$ of derivatives built on hundreds of billions of dollars of mortgages. It was a fucking trainwreck.

Bitcoin ETF's increase the velocity of transaction and transactions. There will only ever be 21mm bitcoin mined. Prior to IBIT coming out, you had to go to an exchange or other method to actually buy it. Then IBIT came out. There are 649,640,000 shares of it. Notionally, it is 80x the amount of BTC in the market. Who's to say VelocityShares and 10 other fund families don't come out and make more etf's/etn's? Who's to say BlackRock won't issue another 650mm shares? It creates liquidity in the market, but it puts a theoretical limit on the worth of actual bitcoin as funds can continuously issue shares if they need in order to increase their own liquidity. Soon, they'll be trading options contracts on them. Why go through all the trouble to buy on one of the coin exchanges when I can go 'buy' it on NASDAQ?? It may have increased demand for it, but not near as much as it has increased 'supply' of it.

It's sad that so many of the bitcoin rubes don't realize that the creation of ETF's amounted to artificially increasing the supply of bitcoin and absolutely increased the legislative monitoring of it. It's sad how correlated with the stock market its become.

I dunno. Big ball of fire 8 minutes away as the proton flies may have something to do with our weather.

They may be late, but the bond market doesn't think inflation is under control either...that's the problem here.

Especially if mama is hot

without the necessary memes for necessary memes for ???

"That's a big strap..." -Winston Zeddemore

IT's too bad our buddy who was tortured by Cristiano Ronaldo's favorite people is no longer on here. I'd love to hear his "Theory of Everything: Hurricanes Expansion Pack"

Tell us about the island tilting as well....

I wasn't debating Russia's spending being inflationary, I was saying that military spending, writ large, cannot be blanket charged as inflationary and non-contributory economically because of the facts that there is a prime example of where military spending is econonomically contributory (US). It moreso has to do with the structure of our economies, as you said. Our military spending is economically contributory vis a vis trade routes, it's directly contributory in arms sales to other nations, and keeping the dollar as a stable reserve currency (also as you said), and indirectly due to R&D that typically would have not been allocated strictly due to the enormous upfront costs that eventually rolls into the private sector via technological advancement. Whereas, Russia is primarily a raw material/natural resource nation. Outrageous military expenditures in such a nation inherently leads to inflation as more and more materials are required to feed the monkey, and fewer and fewer of those materials are exported for economic gain. Russia is a few steps ahead of Zaire and Zimbabwe vis a vis technological ability to absorb hyperinflation during periods of gross overspending militarily. Long story short, I was disagreeing of the blanket statement, not the part about Russia.

In a sense, air craft carriers do make the economy more productive via protection and streamlining of trade routes.