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  1. scottmsul

    El Salvador Makes Bitcoin Its Legal Currency

    INVESTING 
    I actually listened to the entire Twitter spaces chat last night, it was pretty ridiculous watching one big name after another show up. Then out of nowhere the El Salvador president himself joined and was answering questions from the biggest names in bitcoin. For some context I highly recommend...
  2. scottmsul

    Do You Enjoy the Place Where You Live?

    HOT! OFF-TOPIC 
    I'm planning on moving to Jacksonville pretty soon. I love the things to do in Colorado (hiking/skiing) but I don't like the political climate here. Also wouldn't mind living somewhere warmer.
  3. scottmsul

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Not quite. In the end there just isn't enough block space for every transaction to happen on-chain. Banks are needed for mass adoption and to batch transactions. In the words of Hal Finney from way back in 2010: https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211
  4. scottmsul

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    REALLY big news that NO ONE is talking about. Ever heard of NYDIG? They provide custody for institutional clients. They're very quiet about their operations, but they're the ones behind the scenes driving institutional adoption. Back in February Ross Stevens mentioned they had $6 billion under...
  5. scottmsul

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Watching the price explode these last few months has been a fun and wild ride, given I bought a large sum back at the halving. I explained my reasoning in earlier in this thread: I imagine a lot of people are trying to come up with post-hoc rationalizations of why the price is going up, but IMO...
  6. scottmsul

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I bought a lot of BTC back in May around the halving. The last two halvings were followed by bull markets that lasted 12-18 months, so I'm fairly optimistic. image source The way I think about it, price is an equilibrium between supply and demand. For bitcoin, supply is the number of new...
  7. scottmsul

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I found an interesting analysis of the stock-to-flow model. For those unfamiliar, stock-to-flow is the ratio of the amount of supply in existence to the new amount of supply created each year. Since its creation, bitcoin's price has been going up exponentially, and so has its stock-to-flow...
  8. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    Has anyone seen this? Doctor in NY uses hydroxychloroquine + zinc + antibiotics (for secondary infections). Claims to have cured 699 patients with zero deaths...
  9. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    It should be easy to calculate the mortality rate if you can track the cases individually right? If we knew the number of cases three weeks ago, and then tracked just those older cases up until today, you could calculate the mortality rate exactly. Obviously we don't have access to that...
  10. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    2% is a very high death rate. For every one hundred people you know in your life, could you imagine losing two of them?
  11. scottmsul

    Tin Foil Hat Time: Are Aliens Here?

    HOT! 
    Saw this article the other day, figured I'd post it here in case anyone is interested. It's pretty long though, I haven't gotten through all of it. Inside the Pentagon's Secret UFO Program
  12. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    I've been following that Johns Hopkins app for a while now. I've mainly been looking at the total cases outside China since I feel it's more reliable than China's official statistics. I woke up pretty shocked this morning. The link was posted earlier in this thread but I'll repost it anyway: link
  13. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    Simply comparing the current deaths to recoveries would significantly over-estimate the death rate, if it kills quickly but takes a while to be pronounced "fully recovered."
  14. scottmsul

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    I'm honestly not too worried, but it has happened before. Spanish flu - Wikipedia
  15. scottmsul

    Atlas Shrugged Week Twelve: Ch 3&4

    This week I had a pretty big realization about Rand's moral system. In her book she takes her own moral system to its logical conclusion, and the (controversial) result is Ragnar Danneskjold. I think it's pretty clear that she's not a fan of taxes, especially when their purpose is to...
  16. scottmsul

    Atlas Shrugged Week 11: Ch 1 & 2

    I found it funny that the trio's majors were philosophy and physics. I was a physics major back in the day, and it was kind of an inside joke in the physics community that philosophy was overrated (this sentiment was propagated even by Richard Feynman, who said that "philosophy of science is as...
  17. scottmsul

    Atlas Shrugged Week 11: Ch 1 & 2

    Dr. Hendricks teams up with Ted Nielsen to build the strongest yet lightest wheelchair ever made. They charge the family $20 in gold, who pays them back in pre-agreed weekly installments. The kid, although weelchair-bound, can still work with his hands. When he reaches his teenage years, he gets...
  18. scottmsul

    Just asked reddit. Got tons of feedback but mostly split in 2 sides.

    People could select a political party when they sign up and only be able to upvote/downvote comments for politicians in their own party. It has the risk of making the site more divisive but could also increase the quality of comments and voting.
  19. scottmsul

    Ended Up in University: I Regret it Already

    RANT 
    Good on you for figuring this stuff out so early! Like you said, only you can make this decision. MJ mentioned his value-weighted sum trick in his first book, going through that might help you work through all the trade-offs and make the decision more clearly. I've put some considerations...
  20. scottmsul

    Off Topic : Playing the Lottery

    OFF-TOPIC 
    tbh I don't think I'd want to win the lottery. This might sound silly but that money wouldn't feel earned. There was a story about two separate groups, one in Michigan and one at MIT, that gamed the Massachusetts lottery. They'd wait for the jackpot to get high enough then buy thousands of...
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