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HbdNrx's profile
🐸 hbd nrx 🐸
🐸 hbd nrx 🐸
 🐸 hbd nrx  🐸
@HbdNrx

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 🐸 hbd nrx  🐸

@HbdNrx

Free speech activist. Darwinian reactionary. Gnon partisan. Frogs = implicit white identity. #humanbiodiversity

Moscow, ID
Joined August 2014

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    1. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @DividualsTweet @HbdNrx

      The point of money is to buy stuff... IN THE FUTURE. Some fraction of any portfolio *should* be invested in highly speculative vehicles. If BTC is 80+% of yer portfolio, yes reweight.

      2 replies 0 retweets 1 like
    2.  🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
      Replying to @Nick_B_Steves @DividualsTweet

      I suspect bitcoins have been down lately as people have looked around at all of these other cryptocurrencies and wondered why anything infinitely replicable in this way should hold value.

      1 reply 0 retweets 0 likes
    3. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @HbdNrx @DividualsTweet

      BTC is *not* infinitely replicable. That is the whole point.

      2 replies 0 retweets 2 likes
    4.  🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
      Replying to @Nick_B_Steves @DividualsTweet

      Cryptocurrencies are, though. Infinite forks. Bitcoin 2, 3, etc. We already have thousands of cryptocurrencies. In the end they're just numbers

      1 reply 0 retweets 1 like
    5. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @HbdNrx @DividualsTweet

      Well anybody who hasn't heard of Gresham's Law deserves what they got coming.

      1 reply 0 retweets 1 like
    6.  🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
      Replying to @Nick_B_Steves @DividualsTweet

      What makes some good and some bad?

      1 reply 0 retweets 0 likes
    7. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @HbdNrx @DividualsTweet

      The tech, dilutability, value held. Only one, or at most two, can win. BTC was first to solve major tech prob and biggest. It will almost surely win. Ethereum solves a slightly diff prob, so may win. The rest are garbage.

      1 reply 0 retweets 0 likes
    8.  🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
      Replying to @Nick_B_Steves @DividualsTweet

      Where does the value held come from, though? The tech verifies transactions and ownership, and that's very nice, but what are you owning?

      1 reply 0 retweets 0 likes
    9. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @HbdNrx @DividualsTweet

      You're owning a cash that can be transferred on the internet without 3rd party verification. Stop and think about that.

      1 reply 0 retweets 0 likes
    10. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
      Replying to @Nick_B_Steves @HbdNrx @DividualsTweet

      Beyond that, what is the value behind ANY currency? Demand for it, alone. Even the goldbugs' appeal to "intrinsic" value misses the overwhelming point re gold: it's a currency PRECISELY BECAUSE it's practically useless.

      2 replies 0 retweets 2 likes
       🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
      Replying to @Nick_B_Steves @DividualsTweet

      I'd love to own cash that can be transferred on the internet without third party verification. The problem is, cryptocurrencies aren't cash--they're numbers. Cash (dollars) has value because the government makes us use it. Gold is actually useful and pretty

      1:32 PM - 2 Feb 2018
      • 1 Retweet
      • 1 Like
      • F-14 Thotcat 🦇 Pat O'Sullivan❌
      1 reply 1 retweet 1 like
        1. New conversation
        2. Nick B. Steves, 2.9% Thal DNA 👌‏ @Nick_B_Steves Feb 2
          Replying to @HbdNrx @DividualsTweet

          Gold's industrial value is a tiny fraction of its trading price. A paper dollar is also just a number. A serial number. And I doubt a very large fraction of either of our pmts are happening in cash anyway. The rest are LITERALLY just numbers.

          1 reply 0 retweets 0 likes
        3.  🐸 hbd nrx  🐸‏ @HbdNrx Feb 2
          Replying to @Nick_B_Steves @DividualsTweet

          The numbers in bank accounts represent federal reserve notes which represent government obligations. Bitcoin numbers represent...nothing. I would contend that gold's value would not be much less with just industrial and jewelry use.

          0 replies 0 retweets 0 likes
        4. End of conversation

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