Recent content by Stave

  1. Stave

    Bitcoin

    In the short term (months), it is impossible to say whether prices will rally or crash. In the medium term (years), due to people's confidence/sentiment/hope/greed/distrust of govt currencies, imo crypto prices are 90% likely to go higher The best way to get in right now is dollar cost...
  2. Stave

    Bitcoin

    The labor theory of value is false. Doing work doesn't make products valuable. The energy theory of value is also false. Inputting energy does not make something valuable. Paying a light bill is not what makes light in a home valuable. The huge expense of powering the internet is not what...
  3. Stave

    Help me choose fast twist Tikka 22 center-fire

    Thanks, I was wondering about that. In that case, I'll probably get a KRG Bravo chassis and a 6br AICS magazine
  4. Stave

    Bitcoin

    👍🏻 Sometimes the most interesting debates happen because people are in 99% agreement. I think most of us on this chat would agree with the following: The problem: Government control of money and currency Government-set interest rates The solution: Free markets for money and currency No...
  5. Stave

    Help me choose fast twist Tikka 22 center-fire

    Project update: I just bought a stainless T3x action off another rokslider. It was a 30-06 but the barrel is already removed. It includes factory trigger and bottom metal. I'm planning to order a prefit 22 BR barrel. I've never installed a barrel but Preferred barrel blanks video looks simple...
  6. Stave

    Bitcoin

    There is no risk in not adopting bitcoin. If you walk into a grocery store someday and they only take bitcoin, it is because the price of bitcoin has become more stable than other currencies, with a smaller spread, more liquidity and a predictable price. At that point, you take whatever assets...
  7. Stave

    Bitcoin

    Since no one answered my question about arbitrage, and I really would like to know the answer to that question, I'm going to reframe it: Think about the incentives structure. During the adoption phase of bitcoin, there is an extremely strong incentive to be an early adopter because every person...
  8. Stave

    Bitcoin

    One of his most unorthodox ideas is that the quantity theory of money is incorrect. He disagrees for example with Milton Friedman's maxim that "inflation is always and everywhere a monetary phenomenon." Here is an article about it. If you can answer this question: "what is the arbitrage...
  9. Stave

    First Custom Rifle- Thinking 22 GT

    I worked at Clarks River NWR while I was a student at Murray State so I know the area. You mentioned you hunt pigs. Are there many in western KY now or do you travel to hunt them? I don't see them around central KY except an occasional potbelly that escaped. Black bears are moving in to our...
  10. Stave

    Bitcoin

    I think that clarifies our different views. I think that value is objective. It is not determined by markets. Prices are the market's approximation of something's value. Value is the sum of something's qualities. It doesn't have a number. I simply mean that many people choose to buy...
  11. Stave

    Bitcoin

    Dollars aren't money either. They are a fiat currency. I hold just enough currency for monthly expenses and an emergency fund. All my other dollars go to buy assets because I think dollars have no value. Doesn't everyone do that? Hold as many assets and as little currency as possible? Sure...
  12. Stave

    Bitcoin

    You are right, I was wrong in saying that bitcoins don't exist. Thank you, sincerely, it helps me clarify my thoughts. Bitcoins do exist. However, they exist as ideas not as material. That difference has deep implications. Start by thinking about the relationship between price and value. If...
  13. Stave

    Bitcoin

    What definition of commodity would include something like Bitcoins, which are non-entities? They don't actually exist. The ledger exists, but the Bitcoins don't. The ledger is the real thing and it is a complex financial agreement/arrangement between many parties. But, again, what definition...
  14. Stave

    Bitcoin

    It isn't wise to pass judgment on people in online forums. (I'm not saying you aren't wise lol I guess that would be hypocritical if I did😉) The point is, if you had a conversation in real life with one of the 'doomer boomers' your opinion of their ego and their intellect would change...
  15. Stave

    Tikka M595 or T3X?

    Good info. Thank you all
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