During today's show, there will be opportunities for people to get a shout out on-air, jump on the livestream with us, and one person will get flown to Miami to hang with us for a day.
One of the biggest complaints that I hear across the bitcoin community is that something non-bitcoin is "pre-mined."
This is an interesting concept, but I'm not sure I fully understand both sides of the debate.
Here are a few thoughts & questions 👇🏼
A pre-mine is specifically referring to the creators of a token-based project setting aside (or exclusively mining) a portion of the total tokens for themselves and their team.
There are thousands of examples of this happening.
The critics argue that a pre-mine gives an unfair advantage to the creators of a project.
Also, a pre-mine arms the creators with coins that can be sold into the market early on as the price of the token increases (aka dumping on non-creator token holders).
Warren Buffett is sitting on $149.2 billion in cash right now.
Time will tell if this is the ultimate expression of rationality and patience, or if it is proof that one of the greatest investment runs in history has come to an end.
Buffett and Berkshire have been underperforming the S&P 500 for awhile now, but they outperformed the S&P over the last 12 months.
The surprising thing is they created this outperformance while refusing to deploy the massive amounts of cash on their balance sheet.
Whether the last 12 months can continue or not, no one knows.
But the decisions he is making now are going to be fascinating to analyze later.
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