I’m not a true believer in crypto, but I used to play around with it. I have received a 5-figure USD sum of bitcoin from the MtGox settlement, and I’m considering my options. It is a true windfall. It was worth maybe $100-200 when I used to play daytrader and shop silk road with it.
We are on track for early retirement as it is, but my “smart money” intuition says pay the long-term capital gains and invest in funds, how we do everything else. More money earlier is always good.
My gambler side says to withdraw some maybe, but split the rest into a half dozen likely candidates for someday real world crypto use which may take off. I don’t stay up to date on them anymore, so this would take some real research.
The weird Trumpy stuff going on with BTC makes me think it couldn’t hurt to hold through the election in case prepper types panic buy it lol.
My wife says it’s unexpected so just leave it as a high-risk part of our whole portfolio, but I worry she underestimates the risk and scamminess of it all.
Update: I sold the account down to 0.1 BTC today. I may sell more later on. Thanks everyone for your input.
Whomever can make a single efficient CPU architecture that can handle tensor math without the bottleneck of the present CPU caches, especially the L2 to L1 bandwidth bottleneck, is about to make a massive jump into leadership in computing tech. That is likely to come from AMD or someone with RISC-V in the next 9 years. The shift in technology between 1995 and 2005 for the average consumer will be dwarfed by the change from 2023 to 2033. The change won’t be proprietary AI. OpenAI is the Sun Micro of present AI. Meta AI is in position to play the role of maybe PayPal by parallel. At present, Google is about like Macintosh after firing Steve Jobs. Microsoft will absorb OpenAI after Altmann stalls out and quits his monopoly quest, but Microsoft has no vision and the agility of a handicapped senior citizen and twice as miserly. Apple will always sell dying tech, with great software, and a pretty dress to people willing to pay a premium for the nonsense hype and worship at the church of stupid if they can’t see the pattern of Apple riding dead architectures to their grave (6502/68k/PowerPC/ARM). If they were innovators they would lead RISC-V. Dying architecture yields deprecation control and dominance over the respective fabs, running them into the ground, while also having the advantage of well documented and shaken out hardware that no one has pushed to its true limits like what Apple can do. Apple will likely remain the most sound way to prevent inflationary losses.
I’d love for China to recognise the opportunity of open source to disrupt the US status quo of market manipulation to milk stagnation for profit.
This is the coming major opportunity space where the dominant winner will largely shape the future.
However, given the dystopian nonsense of the USA, people like the Roman analogies, I’d say now is the time to get ahead of the market and buy property in Istanbul, wherever the money is going to travel when they all abandon the Italian peninsula after the consolidation of wealth leads directly to populism followed by massive civil wars. Fools side with the Caesarians or Pompeian factions. Smart people get the hell out of dodge. The billionaire prepers are building bunker island Hawaii; a likely fortress outpost with a sizable moat.
Rare to see a comment that starts by mentioning CPUs and ends by talking about Pompeii. Awesome. Mental.
It’s been deleted and I’m VERY intrigued. Do you still remember what it was all about?