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OT: Bitcoin, Altcoins, NFT's & All Things Crypto

Sooner or later, sports and event tickets will be issued via a blockchain. Track ownership and allow teams/artists to profit if the tickets are sold at a higher price. That's coming.
Totally agree - and that can all be done with a time-stamp server and a ticketing application without a single coin or token tied to any of it.
 
BTC traded up to $100K+ based on what = supply and demand (cough, FOMO and speculation). Do you think if there were thousands of Mantle rookie cards available today one would have recently sold for over $12M? If scarcity and 21M cap is the BTC argument, then you don’t think fractionalization undermines the asset? Millibitcoins don’t affect value? Microbitcoins don’t affect value? If someone somehow were to create more than 21M BTC that wouldn’t affect the value? This is Econ 101.
It would be interesting if the inefficiency of blockchain management is what drives scarcity and value inflation the most. If a better blockchain platform came out, why would bitcoin hold any value? As soon as demand turns negative, deflationary pressures will kick in.

Its like people paying for more broadband then they need because the service is so crappy. Nice business to be in.
 
The funny thing is this has happened. Collectible.com fractionalized ownership of trading cards and other memorabilia.
I have not looked at collectible.com but almost every one of these fractional ownership arrangements do not result in fractional ownership of the actual art or memorabilia. What you are buying is fractional ownership in the company/entity that owns the art of memorabilia. Huge difference.
 
BTC traded up to $100K+ based on what = supply and demand (cough, FOMO and speculation). Do you think if there were thousands of Mantle rookie cards available today one would have recently sold for over $12M? If scarcity and 21M cap is the BTC argument, then you don’t think fractionalization undermines the asset? Millibitcoins don’t affect value? Microbitcoins don’t affect value? If someone somehow were to create more than 21M BTC that wouldn’t affect the value? This is Econ 101.
You keep making the wrong argument over and over. Naming Bitcoin fractional amounts does not in any way shape or form change the amount of bitcoin, no matter how many decimal points you want to go out to. There is still just 21M. Bitcoin has always been fractionalized, this is not a change no matter how many names you come up with for it.

No one is disagreeing that creating more bitcoin would impact its value. We all agree on that. Separate these two thoughts and you’re on the right track.
 
I haven’t listened to the full episode yet, I will in a few days, but this has been all over my feed. A clear, concise example of the use case of stable coins.

 
2025, year of the stablecoin. He estimates $1T of “drag” could be pulled out of the financial system using stablecoins in place of the current rails.

Not too many ways to play this since it’s dollar pegged, but more money on chain is never a bad thing. I’m not a fan of keeping money on centralized exchanges but Coinbase continues to offer 4.75 apy on USDC staking. I’d imagine this holds or goes up as use increases.

 
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2025, year of the stablecoin. He estimates $1T of “drag” could be pulled out of the financial system using stablecoins in place of the current rails.

Not too many ways to play this since it’s dollar pegged, but more money on chain is never a bad thing. I’m not a fan of keeping money on centralized exchanges but Coinbase continues to offer 4.75 apy on USDC staking. I’d imagine this holds or goes up as use increases.

Probably helps out ETH the most since it supports the largest amount of stable coin volume.
 
Probably helps out ETH the most since it supports the largest amount of stable coin volume.
That’s the million dollar question. Eth started earlier so it had the bigger TVL, but it’s losing ground pretty quickly. Despite the lower TVL, Solana did more transaction volume in 2024, so you can see where using its rails might be more beneficial. If Eth ever fixed its gas problem they’d be the easy winner but that doesn’t seem to be feasible.
 
That’s the million dollar question. Eth started earlier so it had the bigger TVL, but it’s losing ground pretty quickly. Despite the lower TVL, Solana did more transaction volume in 2024, so you can see where using its rails might be more beneficial. If Eth ever fixed its gas problem they’d be the easy winner but that doesn’t seem to be feasible.
ETH need danksharding and verkle trees to compete with the new L1s. Maybe by the end of 2025? Not sure on timelines.
 
Good interview with Scaramucci. Interesting information on Trump's Crypto team:

 
@Rutgers Chris
Update on the SOL ETFs. The first deadline is Jan 25, which is pretty much off the table. However, maybe approval in March? If yes, time to increase the stack? :)

They seem to be on track to be approved. Unlike the Bitcoin and Eth ETF’s, Solana won’t have the overhang/sell pressure from the large trusts like the other two had to deal with.
 
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They seem to be on track to be approved. Unlike the Bitcoin and Eth ETF’s, Solana won’t have the overhang/sell pressure from the large trusts like the other two had to deal with.
That's a very good point regarding the trusts. No Grayscale outflows to deal with. Should be just new demand.
 
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Very true. BTW, how much crypto are you invested in? Just BTC or some of the alts?
I have about 2-3% of my portfolio in crypto. Most of it is in bitcoin and some in ethereum. No Altcoins. I also have a portion invested in 2X microstrategy ETF that I use mostly to sell calls. The 2X ETF isn't doin very well, but losses have been mitigated by call options. I am considering taking losses and offsetting them with some of the gains that I have banked in 2025.
 
I have about 2-3% of my portfolio in crypto. Most of it is in bitcoin and some in ethereum. No Altcoins. I also have a portion invested in 2X microstrategy ETF that I use mostly to sell calls. The 2X ETF isn't doin very well, but losses have been mitigated by call options. I am considering taking losses and offsetting them with some of the gains that I have banked in 2025.
The 2X BTC ETF (BITX) isn't doing that well either. I think the volatility of BTC and MSTR is just too high. It f-ups the math on the leveraged ETFs and suppresses the relative return (and you know I love my leveraged ETFs). MSTR and WULF are the only 2 crypto-related stocks I own. I also have FBTC in 2 of our rollover IRAs.

I've been trying to something more aggressive with MSTR, but options seem very expensive, so I just added to my position when it was below $300 last week.
 
Story leaked - Trump to end Chokepoint 2.0 with banks on day one via executive order.

According to the Washington Post, Trump could sign an executive order to address the issue of “debanking” – the political shutting down of crypto firms’ bank accounts – as well as repeal Staff Accounting Bulletin (SAB) 121, the government’s policy guideline that requires companies to list digital assets as liabilities on their balance sheets.

Says the unnamed source,
“The Trump team has made it very clear that this is a priority.”

Additional rumors that the start of the US BTC reserved will be part of the executive orders as well.
 
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I guess that’s why SOL is going nuts. By the way, do you own any XRP? I don’t. Don’t even know too much about it other than the lawsuit. It obviously has a loyal following.
I have been sitting on XRP for quite some time now.....glad to see it back in the black.
 
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I guess that’s why SOL is going nuts. By the way, do you own any XRP? I don’t. Don’t even know too much about it other than the lawsuit. It obviously has a loyal following.
First crypto I ever bought back in 2018. Don’t hold it anymore. They’ve got Trump’s ear too so it’s going to run. From afar i hear that the tech is inferior and tokenomics are pretty rough.
 
First crypto I ever bought back in 2018. Don’t hold it anymore. They’ve got Trump’s ear too so it’s going to run. From afar i hear that the tech is inferior and tokenomics are pretty rough.
Sounds like a pure pump, nothing about tech or utility. Pumps are great and you can make a lot of money, but they can also crash in a blink of an eye.
 
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