OT- Bitcoin

[dsmalls3]

It might not apply to crypto as I don't know how the market is made.

Bid–ask spread - Wikipedia

en.m.wikipedia.org

I think I see what you are saying….spreads are very good on the larger tokens (BTC, ETH, SOL, Etc). Billions $$ in liquidity. You will pay a fee for each transaction. You can set a limit order or just buy market rate and you won’t lose much at all, less than 1%.

For smaller tokens with less liquidity, which won’t even be available on US crypto exchanges (you need to move your tokens to a Web3 wallet like MetaMask and then buy via a decentralized exchange like Uniswap), what would would call “slippage” can be 1-2% or more depending on the size of your order versus the liquidity in the token. Basically the difference between the price of the token when you place the order, and the price your order is actually executed.

 

[dsmalls3]

100 bucks of BONK cost me like 7 bucks.

It costs more to buy than sell on Coinbase given my results so far.

That seems crazy, but Coinbase can have outrageous fees if you use their core platform. Use Coinbase Advanced and your fees are cut down drastically.

Also, how are you buying? If you are depositing or buying a token with debit/credit card the extra fees are substantial.

The best way to on-ramp money to Coinbase is to link your bank account. Then deposit into USD and go to “Trade” in Advanced to buy your tokens. It will take a day or so for the transaction to hit your bank account, but Coinbase makes the funds available immediately.

 

[Dean Pope]

Really? I love other Amazon's customer service. They always call immediately and take care of whatever I need. Kids order some $5 game I didn't approve? Amazon refunds me.

My only gripe is it's a little dicey on understanding them sometimes. But they are so damn nice I can tolerate it.

Amazon has some divisions that have zero support, but yes, they do a good job with refunds. And I too have been reimbursed for unauthorized purchases.

 

[Dean Pope]

100 bucks of BONK cost me like 7 bucks.

It costs more to buy than sell on Coinbase given my results so far.

Coinbase fees are a little steep if you ask me. I know that there are cheaper ways to move crypto, buy & sell. But I'll be damned if I have the time to figure all of that out.

 

[redli]

Wait a sec...folks don't know what bid-ask is?

 

[61bigredfan]

For smaller tokens with less liquidity, which won’t even be available on US crypto exchanges (you need to move your tokens to a Web3 wallet like MetaMask and then buy via a decentralized exchange like Uniswap), what would would call “slippage” can be 1-2% or more depending on the size of your order versus the liquidity in the token. Basically the difference between the price of the token when you place the order, and the price your order is actually executed.

The more complicated you make something, the harder it is to tell if it has any value. And it’s easier to tell the doubters that if they just understood it, they would understand how valuable it is.

 

[Streamer15]

Wait a sec...folks don't know what bid-ask is?

I wouldn't shame anyone for not knowing. Maybe its not common terminology in crypto trading.

 

[Sinomatic]

That seems crazy, but Coinbase can have outrageous fees if you use their core platform. Use Coinbase Advanced and your fees are cut down drastically.

Also, how are you buying? If you are depositing or buying a token with debit/credit card the extra fees are substantial.

The best way to on-ramp money to Coinbase is to link your bank account. Then deposit into USD and go to “Trade” in Advanced to buy your tokens. It will take a day or so for the transaction to hit your bank account, but Coinbase makes the funds available immediately.

How do you go to advanced? I need things simple. I like the Jitterbug of investment interfaces. I only need buy and sell with a number board to type in figures and up and down arrows for easy click adjustments.

I don't know for the life of me why someone needs an ultra busy interface. To me investing is easy. Buy in the red, sell in the green. Buy low sell high. Don't be overly afraid of red, that's where you make your money. Buy low enough and you don't have to worry about "getting out in time". Getting in on time to me is more important. Doubling my money in the shortest amount of time is my primary concern. (duh I know)

I transfer money from my bank account straight into Coinbase. It was in cash at first and then somehow after some trading my money has ended up in some US stable coin. I'm not sure how. I can't stand financial companies doing things for me they think I'd like them to do without consulting me. But anyhow it's in some US stable coin which I can us to purchase other crypto and the stable coin says that it gives me 5% a year on the money sitting there waiting for me to use for purchases.

 

[Sinomatic]

Coinbase fees are a little steep if you ask me. I know that there are cheaper ways to move crypto, buy & sell. But I'll be damned if I have the time to figure all of that out.

Same. I'm not for complication. I've got 3 kids and a wife. Life is complicated enough for me.

 

[Dr_Alan_Grant]

Same. I'm not for complication. I've got 3 kids and a wife. Life is complicated enough for me.

I feel like that sums up every guy's life who is married with kids

 

[Sinomatic]

Wait a sec...folks don't know what bid-ask is?

Yeah there's this crazy thing where people are farmers, electricians, nuclear engineers, nurses, lawyers, plumbers. All that requires time and concentration during the day, not to mention having families and property to take care of and require time and devotion. Oh and then there are your religious convictions that have time needs, and study, and devotion.

It would be nice if there were people out there that one could actually count on to do the right thing and help people with that side of life but those people or organizations are always seeming to be looking out for other things prior to actually looking out for the regular investors who are expected to perform their crafts with real fidelity.

 

[Sinomatic]

I feel like that sums up every guy's life who is married with kids

Did I mention 2 of my kids are female. hahaha

 

[NYC-Husker]

How is Black Rock trying to kill the country? Not defending them, just asking. Black Rock and Vanguard are on opposite sides of the crypto issue.

I don't think it's that Blackrock is trying to kill the country, but they are using outsized influence in certain matters.

In particular, since they manage so many ETFs, they have the voting rights of those shares, even though the ownership is indirect (meaning the owners of the ETFs technically own the shares of the companies through the ETFs). They tend to lean left in their voting of corporate compensation measures, so you get results like the below, where hiring has been more focused on making racial and gender quotas, rather than hiring for competence.

 

[redli]

I wouldn't shame anyone for not knowing. Maybe its not common terminology in crypto trading.

Dude, it's not shaming. There are people here passing themselves off as experts and providing financial advice (some with the caveat of "not financial advice" but that's just a CYA situation) but they don't understand some finance basics? That's a tad concerning.

 

[redli]

Yeah there's this crazy thing where people are farmers, electricians, nuclear engineers, nurses, lawyers, plumbers. All that requires time and concentration during the day, not to mention having families and property to take care of and require time and devotion. Oh and then there are your religious convictions that have time needs, and study, and devotion.

It would be nice if there were people out there that one could actually count on to do the right thing and help people with that side of life but those people or organizations are always seeming to be looking out for other things prior to actually looking out for the regular investors who are expected to perform their crafts with real fidelity.

People providing investing tips should know what a bid-ask is, I'm not talking about the folks in here asking for help, I'm talking about people passing on knowledge. This isn't derivative pricing strategies and such, it's markets 101 stuff.

 

[Sinomatic]

People providing investing tips should know what a bid-ask is, I'm not talking about the folks in here asking for help, I'm talking about people passing on knowledge. This isn't derivative pricing strategies and such, it's markets 101 stuff.

Ok. fair enough for you, but..

The whole thread was started asking who's in on this venture. It didn't start off asking people why they AREN'T investing in it.

As for providing advice, I've had Vangard (supposedly a legit fiduciary) blow me off, costing me at least a third of my current holdings in my 401K.

This thread was started for people interested in crypto. Then the anti-crypto folks chimed in spelling our doom. Then BTC and the general crypto market proceeded to prove them absolutely silly last cycle.

The WEF just got done discussing how to track yours and my money and probe about amongst themselves on how to make the fruits of my and your labor have an expiration date. They discussed how to ban any transactions you would like to make at the POS in order to curb man-made global warming (excuse prime), which can never be proven. It's all about control. Want a cheeseburger from McD's for supper? Too bad because you ate at Burger King for lunch and cows make too much greenhouse gas for you to purchase more beef. Want a pair of Nike shoes? Too bad, sale rejected, because you already bought 4 tires and you've already bought your allotment of durable petrol products for whatever period of time they FEEL like measuring in.

So just in case for the casual reader so @redli can feel better:

NONE OF THIS THREAD SHOULD BE TAKEN AS FINANCIAL ADVICE.

INVEST AT YOUR OWN RISK.

 

[TampaBaySkers]

Ok. fair enough for you, but..

The whole thread was started asking who's in on this venture. It didn't start off asking people why they AREN'T investing in it.

As for providing advice, I've had Vangard (supposedly a legit fiduciary) blow me off, costing me at least a third of my current holdings in my 401K.

This thread was started for people interested in crypto. Then the anti-crypto folks chimed in spelling our doom. Then BTC and the general crypto market proceeded to prove them absolutely silly last cycle.

The WEF just got done discussing how to track yours and my money and probe about amongst themselves on how to make the fruits of my and your labor have an expiration date. They discussed how to ban any transactions you would like to make at the POS in order to curb man-made global warming (excuse prime), which can never be proven. It's all about control. Want a cheeseburger from McD's for supper? Too bad because you ate at Burger King for lunch and cows make too much greenhouse gas for you to purchase more beef. Want a pair of Nike shoes? Too bad, sale rejected, because you already bought 4 tires and you've already bought your allotment of durable petrol products for whatever period of time they FEEL like measuring in.

So just in case for the casual reader so @redli can feel better:

NONE OF THIS THREAD SHOULD BE TAKEN AS FINANCIAL ADVICE.

INVEST AT YOUR OWN RISK.

Yeah they want to have a carbon footprint tracker on your cbdc … I wasn’t really into crypto, but now I am as government pushes more and more for cbdc.

 

[TampaBaySkers]

I don't think it's that Blackrock is trying to kill the country, but they are using outsized influence in certain matters.

In particular, since they manage so many ETFs, they have the voting rights of those shares, even though the ownership is indirect (meaning the owners of the ETFs technically own the shares of the companies through the ETFs). They tend to lean left in their voting of corporate compensation measures, so you get results like the below, where hiring has been more focused on making racial and gender quotas, rather than hiring for competence.

View embedded media

DEI for baristas.. don’t care.

DEI for my pilots and surgeons… fvck that! I want the best… don’t give a fvck what race, gender etc

 

[Sinomatic]

Yeah they want to have a carbon footprint tracker on your cbdc … I wasn’t really into crypto, but now I am as government pushes more and more for cbdc.

I would actually think that having a government crypto would make it easier to get those goals the WEF set out to be accomplished. No cash all digital and traceable, and verifiable.

 

[Streamer15]

Dude, it's not shaming. There are people here passing themselves off as experts and providing financial advice (some with the caveat of "not financial advice" but that's just a CYA situation) but they don't understand some finance basics? That's a tad concerning.

I get your point.
I have a lot of thoughts on the topic but wont bore you with a long, unorganized rant.

One of the larger problems with Crypto, penny stocks, and other high risk investments are that people over allocate in these areas because they know someone who has made a lot of money in that space. In 2020-2021 I watched friends of mine, who are living paycheck to paycheck, pile money into alt coins as they saw it as a way to pull them out of a hole. They lost money they couldn't afford to lose. They would have been better off allocating most of that elsewhere and putting a few hundred into Crypto to speculate. As long as people understand the risks and don't over allocate into high risk investments, its probably ok.

So to relate this to my own experience, I have learned a bit about crypto from Dsmalls, and another person here whose name escapes me. The plan is to allocate 1-2% of my net worth into BTC and an alt coin. I can chalk this up to diversification while scratching the itch to speculate/gamble a bit. Just like myself, they are likely not experts in all thing finance, but I can learn from them. I doubt I would take this action if I didn't follow this thread.

Anyway, the shaming comment might have been a bit much. My bad.

 

[TampaBaySkers]

I get your point.
I have a lot of thoughts on the topic but wont bore you with a long, unorganized rant.

One of the larger problems with Crypto, penny stocks, and other high risk investments are that people over allocate in these areas because they know someone who has made a lot of money in that space. In 2020-2021 I watched friends of mine, who are living paycheck to paycheck, pile money into alt coins as they saw it as a way to pull them out of a hole. They lost money they couldn't afford to lose. They would have been better off allocating most of that elsewhere and putting a few hundred into Crypto to speculate. As long as people understand the risks and don't over allocate into high risk investments, its probably ok.

So to relate this to my own experience, I have learned a bit about crypto from Dsmalls, and another person here whose name escapes me. The plan is to allocate 1-2% of my net worth into BTC and an alt coin. I can chalk this up to diversification while scratching the itch to speculate/gamble a bit. Just like myself, they are likely not experts in all thing finance, but I can learn from them. I doubt I would take this action if I didn't follow this thread.

Anyway, the shaming comment might have been a bit much. My bad.

Agree. I have 1% allocated to crypto. If it follows the plan then I’ll allocate more next go around. Tbills and S&P I feel much more comfortable with

 

[dsmalls3]

The more complicated you make something, the harder it is to tell if it has any value. And it’s easier to tell the doubters that if they just understood it, they would understand how valuable it is.

Not sure how to respond here, but yes, crypto is pretty complicated. But that is where the alpha is. Once it becomes easier, there won’t be as much money to be made.

 

[dsmalls3]

Agree. I have 1% allocated to crypto. If it follows the plan then I’ll allocate more next go around. Tbills and S&P I feel much more comfortable with

You have to risk it to get the biscuit.

Move that allocation up to 25% sonny. You have dsmalls as your virtual rivals feee financial cryptocurrency advisor.

 

[dsmalls3]

I would actually think that having a government crypto would make it easier to get those goals the WEF set out to be accomplished. No cash all digital and traceable, and verifiable.

This is very naive and scary people actual think this way.

It’s also the antithesis to what crypto represents.

I don’t want the government to have a damn thing to do with my crypto assets. You want to tax my gains, no problem. But nothing more.

 

[dsmalls3]

I get your point.
I have a lot of thoughts on the topic but wont bore you with a long, unorganized rant.

One of the larger problems with Crypto, penny stocks, and other high risk investments are that people over allocate in these areas because they know someone who has made a lot of money in that space. In 2020-2021 I watched friends of mine, who are living paycheck to paycheck, pile money into alt coins as they saw it as a way to pull them out of a hole. They lost money they couldn't afford to lose. They would have been better off allocating most of that elsewhere and putting a few hundred into Crypto to speculate. As long as people understand the risks and don't over allocate into high risk investments, its probably ok.

So to relate this to my own experience, I have learned a bit about crypto from Dsmalls, and another person here whose name escapes me. The plan is to allocate 1-2% of my net worth into BTC and an alt coin. I can chalk this up to diversification while scratching the itch to speculate/gamble a bit. Just like myself, they are likely not experts in all thing finance, but I can learn from them. I doubt I would take this action if I didn't follow this thread.

Anyway, the shaming comment might have been a bit much. My bad.

This is a very true and a good point. The large majority of retail will get rekted their first cycle of crypto, and won’t have the determination to stick through the bear market and learn. These types are also most likely to buy in towards the end of the cycle because before then it was too risky/crypto is a scam sort of thing.

Hell I was down about $50-$60k on my bags at the very bottom of this last bear market.I started learning/investing in crypt Aug 2021 with 4 months left in the bull market, right before last crash. didn’t sell anything. Learned a TON during the 2 year bear and am very well positioned for this cycle, well in the black by now with a lot of upside.

Rotate your BTC into SOL. There is no more risk than BTC, way more upside. The stuff they are building on SOL is insane, and it will become a key part of the financial system rails of the future. Literally insane if you are a tech dork like me. Crypto has reached a tipping point where there is no turning back. Metcalfs Law. The chain with the most users wins. SOL is fast, cheap and has insane talent developing on the platform. They also have the top HFT infrastructure firm in the world building their new upgrade which will reach 1.2 million TPS.

Actually also go with an allocation of SEI too. You can buy on Coinbase. I’m working towards 65-35 SOL/SEI.

Also if anybody is going to buy the 2nd round of Solana phone, please hmu so I can give you a referral link.

 

[dsmalls3]

DEI for baristas.. don’t care.

DEI for my pilots and surgeons… fvck that! I want the best… don’t give a fvck what race, gender etc

Fortune 100 hired 6% white from their applicant pool and the US is 60% white.

Explain to me how that isn’t racism. DEI is a joke.

 

[dsmalls3]

I get your point.
I have a lot of thoughts on the topic but wont bore you with a long, unorganized rant.

One of the larger problems with Crypto, penny stocks, and other high risk investments are that people over allocate in these areas because they know someone who has made a lot of money in that space. In 2020-2021 I watched friends of mine, who are living paycheck to paycheck, pile money into alt coins as they saw it as a way to pull them out of a hole. They lost money they couldn't afford to lose. They would have been better off allocating most of that elsewhere and putting a few hundred into Crypto to speculate. As long as people understand the risks and don't over allocate into high risk investments, its probably ok.

So to relate this to my own experience, I have learned a bit about crypto from Dsmalls, and another person here whose name escapes me. The plan is to allocate 1-2% of my net worth into BTC and an alt coin. I can chalk this up to diversification while scratching the itch to speculate/gamble a bit. Just like myself, they are likely not experts in all thing finance, but I can learn from them. I doubt I would take this action if I didn't follow this thread.

Anyway, the shaming comment might have been a bit much. My bad.

Also I’ll add, the type of people who get rekted will be getting their information from YouTube scammers posting nonstop “this is the next 1000x token” videos. This are all BS.

For anybody wanting to hate on any advice I’m giving I get all of my information from institutional investment firms. Delphi Digital, Messari, Real Vision, I/0 Fund, Assymetry, others. They all build thesis around crypto that is formulated around global macroeconomics and they are all expensive but worth every penny. I also listen to loads of podcast in the crypto and macro space like Bankless, Lightspeed, Delphi Podcast, Real Vision, and others. The way to get alpha in crypto is to follow the developers, learn what they are building, why it’s new and different and why it will attract the most attention. And then you get in early before 99% of people have not heard about a token project. It’s how I go into SOL early this cycle and why I’m getting into SEI now. It’s why I’m so bullish on WIF which is just a dumb memecoins but it’s going to 50x this cycle because it’s a memecoin, on SOL, that matters to the people who matter.

 

[dsmalls3]

Ok. fair enough for you, but..

The whole thread was started asking who's in on this venture. It didn't start off asking people why they AREN'T investing in it.

As for providing advice, I've had Vangard (supposedly a legit fiduciary) blow me off, costing me at least a third of my current holdings in my 401K.

This thread was started for people interested in crypto. Then the anti-crypto folks chimed in spelling our doom. Then BTC and the general crypto market proceeded to prove them absolutely silly last cycle.

The WEF just got done discussing how to track yours and my money and probe about amongst themselves on how to make the fruits of my and your labor have an expiration date. They discussed how to ban any transactions you would like to make at the POS in order to curb man-made global warming (excuse prime), which can never be proven. It's all about control. Want a cheeseburger from McD's for supper? Too bad because you ate at Burger King for lunch and cows make too much greenhouse gas for you to purchase more beef. Want a pair of Nike shoes? Too bad, sale rejected, because you already bought 4 tires and you've already bought your allotment of durable petrol products for whatever period of time they FEEL like measuring in.

So just in case for the casual reader so @redli can feel better:

NONE OF THIS THREAD SHOULD BE TAKEN AS FINANCIAL ADVICE.

INVEST AT YOUR OWN RISK.

**** the WEF. None of them were elected by the people. We need to fight their tyrannical agenda.

 

[dsmalls3]

People providing investing tips should know what a bid-ask is, I'm not talking about the folks in here asking for help, I'm talking about people passing on knowledge. This isn't derivative pricing strategies and such, it's markets 101 stuff.

I’m pretty sure you’d be able to get by as a good investor without being able to recite the definition of bid-ask. Investing isn’t a rote test you have to take to pass and get access to markets.

Much important things to learn such as the interconnection of bonds, equities, commodities, oil, inflation, fed interest rates, the business cycle, structural trends, etc.

Crypto specifically. What’s a layer 2? Layer 1? Layer 0. What’s an AMM. What’s a DEX? What’s an EVM. What’s a zk roll up? How are RWAs being formulated into tokenization? What’s a layer 0? How does Bitcoin fit historically into the history of human money and why is it different? Why is it valuable? What is a settlement layer? How will crypto revolutionize capital market formation by democratizing it? What two key factors need to change - one needs to go up, the other down - if we are ever to have a chance of getting out of our global debt driven economy, and by what mechanisms will we reduce debt via these two factors? What was one factor that post WW2 we could depend on to grow GDP but is no longer available in many developed nations (hint: China is ****ed)? What is Metcalfs law and how does it apply to crypto? What are two examples of Metcalfs Law that have played out in the past? What is the number one consideration you should use before you make any investment that most people never think about?

 

[dsmalls3]

People providing investing tips should know what a bid-ask is, I'm not talking about the folks in here asking for help, I'm talking about people passing on knowledge. This isn't derivative pricing strategies and such, it's markets 101 stuff.

I’m pretty sure you’d be able to get by as a good investor without being able to recite the definition of bid-ask. Trading isn’t a rote test you have to take to pass and get access to markets.

Much important things to learn such as the interconnection of bonds, equities, commodities, oil, inflation, fed interest rates, the business cycle, structural trends, etc.

Crypto specifically. What’s a layer 2? Layer 1? Layer 0. What’s an AMM. What’s a DEX? What’s an EVM. What’s a zk roll up? How are RWAs being formulated into tokenization? What’s a layer 0? How does Bitcoin fit historically into the history of human money and why is it different? Why is it valuable? What is a settlement layer? How will crypto revolutionize capital market formation by democratizing it? What two key factors need to change - one needs to go up, the other down - if we are ever to have a chance of getting out of our global debt driven economy, and by what mechanisms will we reduce debt via these two factors? What was one factor that post WW2 we could depend on to grow GDP but is no longer available in many developed nations (hint: China is ****ed)? What is Metcalfs law and how does it apply to crypto? What are two examples of Metcalfs Law that have played out in the past

 

[big red22]

Also I’ll add, the type of people who get rekted will be getting their information from YouTube scammers posting nonstop “this is the next 1000x token” videos. This are all BS.

For anybody wanting to hate on any advice I’m giving I get all of my information from institutional investment firms. Delphi Digital, Messari, Real Vision, I/0 Fund, Assymetry, others. They all build thesis around crypto that is formulated around global macroeconomics and they are all expensive but worth every penny. I also listen to loads of podcast in the crypto and macro space like Bankless, Lightspeed, Delphi Podcast, Real Vision, and others. The way to get alpha in crypto is to follow the developers, learn what they are building, why it’s new and different and why it will attract the most attention. And then you get in early before 99% of people have not heard about a token project. It’s how I go into SOL early this cycle and why I’m getting into SEI now. It’s why I’m so bullish on WIF which is just a dumb memecoins but it’s going to 50x this cycle because it’s a memecoin, on SOL, that matters to the people who matter.

I listen to two people only...

Benjamin Cowen for the real details of the Market and George from Cryptorus for keeping up with want is happening in the Space. There are a few others I listen too every once in while, but there is no one that compares to Ben Cowen. The man has no bias, and is the straightest shooter out there IMO

This is from a year ago... Spot on stuff

 

[Huskers123456]

Fortune 100 hired 6% white from their applicant pool and the US is 60% white.

Explain to me how that isn’t racism. DEI is a joke.

Don't stress my man. 74% of the executive workforce is still white and only went down 2% during 2020-2021.

 

[Huskers123456]

I’m pretty sure you’d be able to get by as a good investor without being able to recite the definition of bid-ask. Investing isn’t a rote test you have to take to pass and get access to markets.

Much important things to learn such as the interconnection of bonds, equities, commodities, oil, inflation, fed interest rates, the business cycle, structural trends, etc.

Crypto specifically. What’s a layer 2? Layer 1? Layer 0. What’s an AMM. What’s a DEX? What’s an EVM. What’s a zk roll up? How are RWAs being formulated into tokenization? What’s a layer 0? How does Bitcoin fit historically into the history of human money and why is it different? Why is it valuable? What is a settlement layer? How will crypto revolutionize capital market formation by democratizing it? What two key factors need to change - one needs to go up, the other down - if we are ever to have a chance of getting out of our global debt driven economy, and by what mechanisms will we reduce debt via these two factors? What was one factor that post WW2 we could depend on to grow GDP but is no longer available in many developed nations (hint: China is ****ed)? What is Metcalfs law and how does it apply to crypto? What are two examples of Metcalfs Law that have played out in the past? What is the number one consideration you should use before you make any investment that most people never think about?

You kind of remind me of a used car salesman. You don't know what bid/ask is but can give a long re-directed answer about why it's not important. I just hope you don't screw some guy out of his hard earned money with some get rich scheme.

 

[big red22]

You kind of remind me of a used car salesman. You don't know what bid/ask is but can give a long re-directed answer about why it's not important. I just hope you don't screw some guy out of his hard earned money with some get rich scheme.

He is not going to screw anyone out of anything. He isn't holding anyone at gunpoint telling them to buy. He is providing information that people can listen to or not. It is inevitable that Crypto will go up from here. It is up to you to decide if/when to get in and get out.

 

[Streamer15]

Don't stress my man. 74% of the executive workforce is still white and only went down 2% during 2020-2021.

So if I'm a white guy with an MBA I'm fine? What if I don't have that degree and I really want a job with the airline?

 

[Huskers123456]

So if I'm a white guy with an MBA I'm fine? What if I don't have that degree and I really want a job with the airline?

No idea. I was simply pointing out that stats can be used any way people want to use them. Are you saying white people now can't get good paying jobs?

 

[redli]

I’m pretty sure you’d be able to get by as a good investor without being able to recite the definition of bid-ask. Trading isn’t a rote test you have to take to pass and get access to markets.

Much important things to learn such as the interconnection of bonds, equities, commodities, oil, inflation, fed interest rates, the business cycle, structural trends, etc.

Crypto specifically. What’s a layer 2? Layer 1? Layer 0. What’s an AMM. What’s a DEX? What’s an EVM. What’s a zk roll up? How are RWAs being formulated into tokenization? What’s a layer 0? How does Bitcoin fit historically into the history of human money and why is it different? Why is it valuable? What is a settlement layer? How will crypto revolutionize capital market formation by democratizing it? What two key factors need to change - one needs to go up, the other down - if we are ever to have a chance of getting out of our global debt driven economy, and by what mechanisms will we reduce debt via these two factors? What was one factor that post WW2 we could depend on to grow GDP but is no longer available in many developed nations (hint: China is ****ed)? What is Metcalfs law and how does it apply to crypto? What are two examples of Metcalfs Law that have played out in the past

There is a rote test to be responsible for other peoples money, so there is some level of accountability when you involve people other than yourself. The world will let you crash and burn on your own, kind of like how you have to have liability insurance but aren't required to have collison.
I'm not sure if you're asking me but the layers refer to how blockchains are connected and function, calling them by the numbers is kind of eLiTe speak, though. In the biz most people refer to it as application, data, consensus, etc.
RWA is shorthand for real world assets, not sure what your question is asking.
Bitcoin history is a matter of interpretation...I disagree it was ever meant to be money, people took Satoshi's idea and ran when it when he/she/them disappeared...bitcoin was just a reward for blockchain participation...it was built on Chaum's and other digicash ideas from the 90's, but it's a wholly different concept.
Are you talking about population growth? I have no idea your macroeconomic question. It honestly reads like you copied and pasted this from a listserv or discord or something.
Robert Metcalf's law is about telecommunication and users, you're probably getting to a critical mass question but it's hard to understand where you're going. No offense, but asking this is like asking someone who watched a Jordan Peterson talk about Pareto because they just heard about it and it sounds smart. I think it was you who didn't know what bid-ask is (I mean no offense if it wasn't you), it's hard to believe someone has their own (not copied or ripped from someone else) thoughts on Metcalfs Law but maybe you do.
All that said, this isn't a personal attack and I hope you won't take it as such, you asked a bunch of questions so I answered to my ability.

 

[dsmalls3]

Don't stress my man. 74% of the executive workforce is still white and only went down 2% during 2020-2021.

I'm not an executive so why would I care?

 

[dsmalls3]

No idea. I was simply pointing out that stats can be used any way people want to use them. Are you saying white people now can't get good paying jobs?

Don't feel there is any interpretation of the numbers, and no bias. This is assuming the numbers are accurate.

If they are correct....then if you are a white normie and not an Executive, then DEI will actively discriminate against you in your search for a job. About as black and white as it gets (no pun intended).

 

[dsmalls3]

You kind of remind me of a used car salesman. You don't know what bid/ask is but can give a long re-directed answer about why it's not important. I just hope you don't screw some guy out of his hard earned money with some get rich scheme.

A used car salesman? What exactly am I trying to sell people? I have no financial benefit to anything any of you chose to invest in....what exactly am I selling here, I'm just trying to help those are interested in investing in crypto