The article comes to a completely incorrect conclusion by fundamentally misunderstanding what moves prices. The price of Bitcoin declines in USD terms when there is more net selling of Bitcoin than buying. If Bitcoin is sold by "crypto bros", only then do they have cash to "[push] up the price of items in short supply, like houses, and tickets to big-name concerts and major sports events". If you wanted the price of other scarce assets to decline, you would hope that more capital flows into Bitcoin or Crypto or something else that you don't care about.
Readit NewsBitWiseVibe commented on Public Makes Millions on Plunging Crypto cepr.net/publications/pub... · Posted by u/crcastle
BitWiseVibe commented on Where are you supposed to go if you don't care about growth? ramones.dev/posts/where-a... · Posted by u/ramon156
Maybe a government job
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I'm curious how the Bitcoin was actually seized, given that the indictment says the perp is still at large and held the Bitcoin in self custodied wallets.
BitWiseVibe commented on The Atlantic Did Me Dirty cmsthomas.substack.com/p/... · Posted by u/makeitdouble
> So when I ask them to code switch further into the recesses of linguistic history to read Shakespeare, the struggle is real.
Reading difficult texts is how you get better at reading?? If students are not struggling at all they are not learning. But the author seems more interested in validating students identities or whatever than actually helping them learn.
BitWiseVibe commented on Buy, Borrow, Die – Explained old.reddit.com/r/BuyBorro... · Posted by u/nkurz
EDIT: I'm not sufficiently sure that this comment was accurate on US tax laws so I'm going to delete it.
The cost basis of the asset can be "The fair market value (FMV) of the property on the date of the decedent's death".
Source: https://www.irs.gov/faqs/interest-dividends-other-types-of-i...
BitWiseVibe commented on · Posted by u/squircle
I always ask people with e/acc in bio, "what are you building?" and the answer has never been anything interesting or useful.
BitWiseVibe commented on Silicon Valley's Online Ideologues Are in Model Collapse reimaginingliberty.com/si... · Posted by u/jrepinc
Echo chambers and media bias are a universal problem; it certainly doesn't only affect tech billionaires. Maybe we expect "elites" to be less biased and consume information in a more intelligent way than the general public? TBH Silicon Valley still leans overwhelmingly left of center, and the individuals the author mentions are able to draw so much attention because they are an exception to the historic ideology of Silicon Valley.
BitWiseVibe commented on An exploration of Bluesky's public opening arxiv.org/abs/2408.03146... · Posted by u/jesperancinha
I've never heard a convincing pitch for BlueSky over Mastodon/fediverse in the decentralized social media debate. Anyone want to give it a go?