I can see 6 posts on this thread coming from you, that might the problem after all, you can't count properly.
I am glad that you are showing yourself, that is exactly what I wanted, that is the level I was referring to initially. Job done.
I’m curious, johnarb. What’s with the “poor” accusation? Or the “have fun staying poor” thing? It seems to be a recurring theme in the Bitcoin community, not just with you, and I heard it repeated in that podcast you referred me to. It has an us-against-the-world vibe to it, in a juvenile, rebellious teenagerish way. If it’s really all about making money, I don’t get it. Back to the thread topic: In the latter stage of the tech bubble, there was quite a bit of “talent” crossing over from stable, prestigious firms to dot-com companies. The stock options were difficult to resist. We all know how the endgame played out.
Have fun staying poor can be used on anyone even billionaires if they do not own any Bitcoin angrytrader is poor, though. He gave a tell when he tried to dispute it, so it must have hit a painful nerve ------------------ dot-com type crash has already happened to Bitcoin and cryptos many times, and have survived. Lindy effect now, Bitcoin and cryptos are much much stronger ---------------- Bitcoin and cryptos valuation can be attributed to network effect. You can google Metcalfe's law and Bitcoin I recommended 2 books to you, but here's a third one (imho) Complexity: The Emerging Science at the Edge of Order and Chaos Bill Miller mentioned a YouTube his involvement at the conference in Santa Fe New Mexico on the science of complexity and Bitcoin, emerging networks. I was surprised I thought I was the only one that saw a connection Bill Miller started investing in Bitcoin in 2013
I heard it in the podcast about it being said to a billionaire and it sounded stupid. So it’s just a new put-down used by the cool kids. I’ll add the book to my ever expanding reading list. PS. I doubt there are any truly poor people regularly spending time on this site.
I was truly poor before Bitcoin. We lived in the ghetto and I used payday loans, maybe no one else can relate on this site... but I was still able to access ET during those times angrytrader is poor in the same context as above and he knows it ------------------------- It's actually much deeper and complex than that It's in the first 2 books I recommended to you, Layered Money and The Bitcoin Standard Money is 1. Medium of exchange 2. Store of Value 3. Unit of Account Fiat currency is good at number 1 and 3 but sucks at 2. It has lost 99% of its value in the last 100 years Gold was the true money for thousands of years but it sucks at 1 and 3, and now is sucking big time at 2 as well, look at its price for the past 11 years ---------------------------------------- But I'm not very good at explaining these in detail in the parameters of the forum. I recommend reading the 2 books to be fully enlightened ------------------------- If someone is considered rich but do not own Bitcoin, then what they own are debt-based wealth that can be confiscated and/or debased ------------------------- Imagine you were a millionaire in Argentina 20 years ago when 1 Argentine Peso was worth a small amount of USD. Today you are poor Let's transport that person to Lebanon or Turkey or Venezuela or ... How about the Russian billionaire oligarch's their wealth and properties and bank accounts got confiscated overnight? They are probably ok, but the Russian millionaires are not doing so well --------------------------------------------- So, if you do not own Bitcoin, money that you can truly own, then we consider you as poor, hence "Have Fun Staying Poor"