With crypto getting accepted more and more by the mainstream, I ( and @T2Kplus20) felt it was worth having a thread on all things crypto. I k now this thread is going to open up pandora's box of shitposts, but I really don't care. I'd like to see this used to help educate people on a growing technology and mindset.

I've only become a Bitcoin bull in the past year. The printing of 4 Trillion dollars was what put me over the edge in looking for an inflation hedge. After digging aggressively into gold I began to realize that BTC was what I was looking for. Only 21 million BTC will ever be in existence and its a deflationary asset that can be transported anywhere in minutes.

In the past year, I've witnessed companies and institutions get involved in BTC, eliminating any concern I had that it would one day "go to zero." The image below I ripped from the sub-Reddit on Bitcoin, showing institutional headlines towards BTC in the past, and their recent headlines.

The current market cap of BTC is over 1 Trillion. BTC is the fastest asset to ever reach that number. The market cap of Gold is roughly 10 Trillion.

The people who say that Bitcoin will never be a currency are pretty much right. It's not. It's become a digital store of value, just as gold is a store of value. You wouldnt walk into Chipotle and shave off some gold to pay for a burrito, just as you wouldnt pay for it in a fraction of BTC.

An important phrase to remember is: "Not your keys, not your coins." The mindset behind this that if you do not hold the keys to your coins (digital proof theyre yours), you will never really own crypto. Everything you do with the "crypto" you own will have to be based around a traditional or Fiat currency. By holding your keys, you're future-proofing your crypto holdings and leave you less dependent on Fiat currency to perform any transaction with your crypto.

Where to buy crypto:

I strongly recommend if you're interested in getting involved in crypto, you open an account with one of those sites. They're easy to signup for, insured and MOST IMPORTANTLY, give you the ability to withdraw your coins if you would like. Do NOT purchase crypto on Robinhood, Square or Paypal. They do NOT let you withdraw your coins. You can never take possession of your coins. All you can do is sell them back to that exchange, which you will get a capital gains tax on.
Also, crypto on Robinhood is not insured. If they have a liquidity crisis and go belly up (GME proved that this is not outside the realm of possibilities) you will lose your coins.

The sites above let you buy as much or as little % of a bitcoin as you would like. For example, my Gemini account does a weekly buy of $25 of BTC for me. It also alerts me if there is a massive price swing in BTC. People often think you have to buy a whole coin. This is false.

Other Ways to Buy:
You could also invest in Grayscale or Galaxy funds to get Bitcoin exposure. IMO, it's not worth the premium they charge. You also never own any actual coins.

Ethereum and other Altcoins:
While BTC, serves as a store of value coin, The Ethereum network serves as utility, running smart contracts on other apps on it's blockchain network. The token for that ETH is the second largest crypto, with a 200+ Billion market cap.

There's thousands of other coins out there. You can see how they rank here. https://coinmarketcap.com/

The ranking is not necessarily a good barometer of how good a coin it is. 4 out of 5 of the top 50 coins I wouldnt touch, but that's me.

I currently hold BTC, ETH, ELA, DCR, AAVE & FIL. I'd be happy to discuss why I own any of these.

Blockchain:
Blockchain is the underlying technology that allows the coins or tokens to run on them. For those who used to download things using BitTorrent, Blockchain is very similar. This video is an easy explanation of blockchain: Login to view embedded media
NFT's:
This video is probably the easiest way tolay out NFT's. Its Cramer asking Anthony Pompliano (one of my favorite people in the BTC space) about NFT's
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Resources:

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Read more at: https://www.salisburypost.com/2024/08/10/rutgers-2024-football-schedule-record-results/

After some OPRA requests, here are the numbers Rutgers is paying some schools for OOC games this season.

Wagner — $75,000
Monmouth — $80,000
Columbia — $80,000

48 will be the number.

Houston preseason #1. I believe we get to see them in Vegas.

https://barttorvik.com/trankpre.php

The Union:

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WSOC was supposed to play an exhibition game against Loyola yesterday at Yurcak. Does anybody know if they played the game? If so, how did they look? Lots of new players this year.