Cheese48923846
Joined 10 months ago
Joined 10 months ago
I think of bitcoin and all the crypto products the same way I think of baseball cards. The underlying asset is worthless cardboard. Value is pure speculation. Sure you make real money speculating, trading cardboard for real cap gains, but it's cardboard at the end of the day.
Value can vanish in an instant. As old baseball card collectors die off, there's no new wave of young people willing to pay a cool million dollars for a rare card. And exactly that has happened to many crypto products.
Bitcoin has enjoyed the "first wave" effect. But the days of 5000x gains on a "cardboard" underlying asset are going to be harder to find. Bitcoin is not going to 5000x again from it's current price. New crypto products will not either with the flood of new coins and new product fatigue.
The fact I can personally recreate a bitcoin equivalent right now with the effort of a button click should be concerning. I can't duplicate gold with a button click. I can't duplicate a business with high profit margin. I can't duplicate real estate.
I never work in a coffee shop. I never work on a plane. I use computers at my home or work docking stations only. I don't benefit from the laptop form factor.
I'm on team desktop 100%. At home, a mac mini does the job. Arguably just as portable as a laptop if you are simply carrying it from docking station A to B. Fits in a laptop carry bag just fine. It's 2026; a "desktop" doesn't need to be an un-portable massive box that weighs 30 pounds.
My current plan is to ride the Apple M chip wave while avoiding their expensive laptops. Mac mini delivers the goods in a cheaper, just as portable package.
Basline mac mini is $800 and gets you into the M4 tier chips. Overkill for web dev and iOS apps. Enough power to carry you for 10+ years of dev work before your next upgrade. I'm still on the M1 mini and plan upgrade at the 10 year mark (2031) or if I need more power sooner (unlikey).
I feel the mini's are price competitive. They say "apple tax" but go on to some linux machine provider, select similar stats, and see the price tag rocket past the mini.
Replaced with a new set of problems of course. Like no money. And if the startup is successful it will eventually morph into a big fat corporate culture. The circle of life.
For the US stock sleeve of your portfolio you might try
75% VTI #core position. cap weighted total US market
10% AVLV #tilt large cap value
15% AVUV #tilt small cap value
No guarantees this outperforms 100% VTI, but it achieves the goal of softening the big tech concentration.Don't forget international. A good way reduce your big tech allocations
80% VEA #intl developed
20% VEXC #intl emerging, ex-China
Put it all together with a 60/40 US/intl split VTI 45
AVLV 6
AVUV 9
VEA 32
VEXC 8
The blow of a SpaceX pump-n-dump is a drop in the ocean on this portfolio. In addition, only free float SpaceX shares will be bought by the index which is a fraction of all of SpaceX. Even a more concentrated S&P500 portfolio would not get hurt too much by the pump and dump.VTI is US only.
Exercise. Any kind of exercise, from strength training to walking.
The diet-and-exercise cliche is a cliche because it effects just about everything about us. It may not be the only factor in snoring. Or even the dominant factor. But I'd bet the house it's a factor.
1 guy on a tractor does the work of a whole team of animals and men. But I don't think any commercial farm has ever gone down to 0 men, and I don't think they ever will. Too many things need real eyes on the ground to make decisions and adjust.
Outside context gained through sensory input (eyes, ears) may be hard to fully replace. You'd need a human to at least give the AI that extra context. Help it work inside the bubble it's contained to.
Destructive things like warfare, I think AI will do great. But even if massive armies of land/air/sea robots controlled through starlink satellites become the norm, there will almost certainly still be human soldiers around. Context, working in civilian populated zones where judgement is needed, etc.