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Posts posted by Stive Pesley
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1 hour ago, MaltRam said:
I feel like we shut people and ideas down far too readily these days, and this is another example.
Sometimes yeah, maybe but this is not an example at all. She deleted the tweet herself once it became clear that she was 100% wrong, and left totally exposed as having said something hugely prejudiced. She wasn't "shut down" or "cancelled". And this is from someone who is very vocal about perceived anti-semitism (to the point of also shooting herself in the foot when she said that she "didn't look like a typical jew"!). You'd think she might be a bit more aware of religious stereotyping
There are certain topics where we really need to all learn to think about what we are about to say before we say it.
Sadly some people seem determined to say controversial stuff just for the publicity
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18 hours ago, MaltRam said:
So I googled. It wasn't racist. It was ill directed. There are a significant number of Islamic fundamentalist out there who want you and I dead, the more brutally the better. It's not racist to acknowledge the fact.
I dunno - it feels kinda racist when, the moment there is an attack where someone goes loco and kills a bunch of people, before the motive or the identity of the killer is known, for someone to state on a public forum that it was an islamic terrorist
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I assume that BTC price will also be to some degree be driven by oil prices/energy costs?
Unless I have my thinking wrong, after halving it requires twice as much energy consumption to mine the same amount of coins, so therefore mining costs will double.
If BTC value goes lower than the cost of the energy required to mine the coins, then miners will stop mining, increasing scarcity and driving the BTC price up until it becomes profitable to mine again
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13 minutes ago, ramsbottom said:
Whack on Baby Reindeer on Netflix instead, really dark & disturbing true story, that is laugh out loud funny at points.
Watched the first episode last night and it was really wince-inducing in parts (intentional - not in a bad way!) looking forward to seeing how it pans out
I like that it's a true story and therefore won't just be some glitzed up version of stalking (like the ridiculously daft 'You' on Netflix)
and already you are starting to find yourself flipping between sympathy and blame for both characters, so that's quite a feat to pull off
- ramit and ramsbottom
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46 minutes ago, Bob The Badger said:
no
But now she has, she's on it (like a car bonnet)
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28 minutes ago, Comrade 86 said:
And there you have it...
X owner Elon Musk suggested Monday new users on the social network formerly known as Twitter will need to pay a small fee to use basic functions on the platform—a change he says is needed to combat a bot problem that has plagued the site for years.
It will certainly be very interesting if they roll this out globally.
I have no interest in paying $1 a year to post on Twitter when I only ever read it. I suspect that outside of the blue tick w**kers there will be a considerable proportion of users in the same boat as me
Take out those AND take out the bots and who do you have left? The danger is that it will clearly expose how few real users the site actually has
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One for the Metallica fans amongst us
- Highgate, WharfedaleRam, Sufferingfool and 3 others
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5 minutes ago, Crewton said:
Team photo at the end of the latest meeting of the Islamic Republic of Iran's Equality and Diversity Council.
About as diverse as the Reform Party in the UK - what is it with these factions run by angry old blokes? 😂
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At least with the football is just harmless entertainment, but search for the phrase
"Who are you supporting in this war?"
and there are hundreds of thousands of bots/blue ticks posting this over and over again.
RT for Iran LIKE for Israel
It's not the bloody X Factor or the Merseyside derby...it's real life and people are being killed - but the so-called "saviour of humanity" is just racking up the $$$ by monetising war like it's a 21st century parlour game 😞
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48 minutes ago, David Graham Brown said:
He isn’t, but like he said, it’s a much used word to close down an argument, like racist, fascist, etc.
I don't get that "used to close down an argument" line. And it's always used by the same people in the same way
It's not closing down an argument - If anything it's opening the door for the accused to explain why they believe what they have said isn't racist/fascist/islamaphobic etc
But (somewhat ironically) they instead use it to close down the argument and say things like "oh that word doesn't even mean anything any more" 😂
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Pretty sure if he can stand the pain of getting that naff neck tattoo done, he can withstand a few boos from the odd numpty in the crowd
Personally I couldn't care less - I just want to see us promoted out of this bloody awful league
- David Graham Brown, Wolfie and Rammy03
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On 27/02/2024 at 12:22, Stive Pesley said:
BYD are surely going to start a price war with Tesla at this rate?
Looks like I was right, as reports are now suggesting that Tesla are binning their mass-market affordable Model 2 plans
Seems that their tanking share price is focusing their minds on cracking self-driving, rather than mass market production of a standard drive EV - as long term, it's self-driving that will win the market (and up the share price)
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Clough also didn't get the Leeds job because the club was in turmoil, with everyone sticking the knife into Revie, leading the way for Cloughie to seize the perfect moment simultaneously gain power AND expose himself as someone whose ambition far outweighed his intellect
Revie just left to take the England managers job and Cloughie was a proven winner at Derby
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24 minutes ago, NottsRam77 said:
Or just buy and hold 🤷
Is that making money though? You only make the money when you cash it in. The people who made the money are those you bought the BTC from
I realise the logical paradox here, and how it applies to all money (or more accurately spendable currency) but I'm still trying to get my head around the BTC end game. Because it's a speculative asset, if everyone just buys and holds and gets horny about the price going up, how is that deflationary? And if everyone holds then where is the supply?
I dunno. I've only just woken up but I do find it fascinating and I enjoy reading your thoughts @NottsRam77
Blows my mind that someone just invented a form of money that is essentially just selling cells in spreadsheet for no reason 🤣
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2 minutes ago, NottsRam77 said:
On the subject of property
Certainly interesting, although the price changes in both have no direct correlation, not do they indicate any kind of predictive curve
Data looks to be cherry picked too - I guess it deliberately misses out the 2018 BTC peak as that would make it a bit too obvious how volatile BTC can be and wouldn't make for such an eye-catching point if it showed house prices steadily increasing while BTC goes up and down like a brides nightie!
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2 minutes ago, NottsRam77 said:
But we live in a fiat world for now.
all my debt is in fiat, my mortgage etc
The question i ask … lets say i have 500 quid a month spare to pay off my mortgage early
do i
a) pay off monthly and make the overpayment, saving on the interest
b) put in a “high interest” saver and make a big overpayment at the end of the term
c) buy and save in bitcoin with a minimum 4 year (one cycle) timeframe
Option c every day
I understand why you would (from all the very well reasoned posts you've made) - but to me, option C is by far the highest risk strategy (unregulated and volatile) of the 3 - hence one of the reasons I'm disinclined to go anywhere near it. Also ethically I don't feel comfortable with it, as I've mentioned before a few times!
- NottsRam77 and cstand
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1 hour ago, GboroRam said:
I'd say if you want to make money out of bitcoin, the last thing you want is to swap it out for Fiat as the basis of your country's economy.
I think you've highlighted exactly what I find so paradoxical about BTC. People buy it as a "store of value" but it only holds value in relation to FIAT currency. So you can only realise that value by selling it in exchange for the FIAT currency. Which of course leaves you with a fistful of the thing you claim is rubbish and needs to be replaced by BTC.
The only real way to make money from BTC is to be a miner, or a broker
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24 minutes ago, Comrade 86 said:
How is that different to those 'discreet' accounts in Switzerland or Lichtenstein though? No account number, no access, just the same as with crypto.
Key difference is that those accounts are deliberately secret and the owners never mention them. As opposed to BTC where the HODLers never shut up about how much they are into their crypto 😂
26 minutes ago, Comrade 86 said:How many other more traditional stores of worth go unclaimed though, despite probate? Plenty I'd wager, if reports of huge amounts lying in dormant accounts hold any truth.
Oh definitely - which is why there is a whole industry of "estate hunters" trying to track down obscure 5th cousins for a percentage of the pot in all these unclaimed estates. Because probate law applies and if you can prove you are the next closest living relative, the bank will release the funds. Crypto is just a dead duck though. You'll be dead before you brute force a SHA-256 hash
- cstand and NottsRam77
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13 hours ago, Comrade 86 said:
Simply bequeath the mobile wallet (containing both crypto and seed phrase) along with any log in / access data required to access them.
Yeah - I meant if people *don't* manage to do that. Given that there are a large amount of young people in the BTC market, I'm guessing there will be a fair chunk of them who won't have given this a second thought. And it's not like probate laws can decrypt wallets
So as NottsRam said - in this instance it's gone. I'm sure I read somewhere that an estimated 20% of BTC are already lost due to death/lost keys
Kind of makes it an unusual "store of wealth" in that respect. At least gold exists and can be inherited.
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Out of interest (genuine question) - what happens to someone's BTC when they die? Assuming that they kept their private key...um private
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1 hour ago, Crewton said:
Apologies to the mods for mentioning the 'P' word.
It's ok. George Galloway is a celebrity and not a politician 😂
- David Graham Brown and Crewton
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1 hour ago, Comrade 86 said:
Oddly I'd never watched any of Fargo, save for the original Coen brothers movie. Blitzed series 1 last week and loved it, but S02 seems to be a mile off it.
Worth continuing or did it peak at S01?
I enjoyed Season 2, but not as much as Season 1
Season 3 (the Ewan McGregor one) was much better.
Season 4 was the terrible one that we gave up on.
The new one Season 5 was back on form again
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12 minutes ago, NottsRam77 said:
Does this seem fair ?
Absolutely not, but the reasons for that are nothing to do with bitcoin are they?
Nor would Bitcoin solve the problem. What would the above clipping look like if the example date was 2014 and he paid for his house in Bitcoin?
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Will be interesting to see how this one plays out
https://www.bbc.co.uk/news/articles/cv2ygp5pdqlo
QuoteA Brazilian Supreme Court judge has opened an inquiry into Elon Musk after the multi-billionaire said he would reactivate accounts on the social media platform X, formerly Twitter, that the judge had ordered to be blocked.
Mr Musk posted on the platform, external that the restrictions had been lifted because the court order was unconstitutional.
Remember when Musk said last year that he "cannot go beyond the laws of the country to defend free speech" and he censored anti-Erdogan accounts in Turkey as a result?
The fact that he's willing to challenge the laws of a country when it comes to the "free speech" of far-right Bolsanaro supporters tells us all we need to know about the Twitter bin-fire
World of crypto
in The Jim Smith Room
Posted
Thanks for confirming I've not missed the point
Although I understand the technical concept of the halving and the reasons for it - it's a weird one that doesn't translate at all to human behaviour and our concepts of money/work and reward
If you said to a worker - on this set date you will do the same amount of work but we will only pay you 50% of your current wages, or alternatively you can all do twice as much work but for the same wages - they would all quit immediately
I know that BTC miners are computers and not people, but they still have fixed costs in terms of energy. It's not been practical to mine BTC on a home set up for years due to it costing more in energy that you would ever be able to mine
I know someone who was sys admin at mid-sized IT company and he set up a mining rig on some unused servers (this was about 10 years ago). He managed to mine some coin but had to switch it off when someone noticed the electricity bill had shot up!