PET

biba8163

Who do you think is right? - mETH Heads and Triple Halving Trolls or - Billionaires, Institutions, corporations and the entire market mETH Heads and Triple Halving Trolls tell you that BTC is a Digital Pet Rock: > I find it staggering that all these billionaires are rushing to buy BTC completely unaware that an ETH validator is literally a toll booth on the financial highway of tomorrow. Meanwhile, they're all scrambling to get their hands on a DIGITAL PET ROCK. > https://np.reddit.com/r/ethereum/comments/1hvltqi/daily_general_discussion_january_07_2025/m5uye2q/ Billionaire Bill Miller IV explains why BTC is attractive to corporate and institutional investors. BTC is the diversifier. > We believe Bitcoin is one of the most compelling value opportunities for long term in the market today. > It provides checks and balances against profligate government spending. Gold has historically served that role. Bitcoin serves that role better. It's automated. More transparent. It's transportable. It's secure and has a much more clear supply protocol. From a conceptual valuation perspective, Gold's valuation is $20 Trillion. *Bitcoin's valuation is at $2 Trillion so that would imply a fundamental intrinsic value of $1 Million per Bitcoin today.* > *Then there is a game theory aspect to it. At $2 Trillion marketcap today; it's approaching 1% of the global basket of financial assets so if you don't own any Bitcoin today as an allocator, you are now effectively SHORT the best performing asset for the better part of 2 decades.* > And the other game theory, I think about is, *U.S monetary policy makers have an explicit goal to devalue everything you own that is priced in dollars by 2 to 3% per year. Why wouldn't you take 2 to 3% of everything you own and stick it in something outside the fiat system?* > I think that is why a lot of companies are doing that. If you look at the global landscape today in the public markets, a lot of companies are converging on a Bitcoin Standard. *There are now 70 companies on publicly traded exchanges around the globe that hold Bitcoin on their balance sheets.* > Everyone knows Strategy₿ but we have things like Tesla out there, Mercado Libre, Alliance Resource Partners is a coal company, so there are people who are adopting Bitcoin treasury strategy more and more every day and as other companies see these companies outperform, they are going want some Bitcoin. And there is only a certain number available. > https://www.youtube.com/watch?v=IDS57H93AlY

biba8163

> The only thing I am not sure on is, what is the price where they feel comfortable establishing the ground floor. It's not about establishing a ground floor on a random asset hoping to sell at a greater price. There has got to be some type of belief in its use case. Billionaire investors see no use case for ETH. Sure gullible retail will fall for DeFi, RWA meme narratives but billionaires and institutional money is not so gullible. ETH Maxis can keep chanting billionaires are wrong and the market is wrong but they are going against what the entire market, billionaires and institutions are telling them. That is always a losing proposition. > I find it staggering that all these billionaires are rushing to buy BTC completely unaware that an ETH validator is literally a toll booth on the financial highway of tomorrow. Meanwhile, they're all scrambling to get their hands on a DIGITAL PET ROCK. > https://np.reddit.com/r/ethereum/comments/1hvltqi/daily_general_discussion_january_07_2025/m5uye2q/ If you listen to billionaire after billionaire who invest in BTC, they see BTC's use case as a diversifier. I can point to dozens of these types of interviews from billionaires and investing legends who now believe in BTC. There is nothing like this about ETH. CNBC interviewed macro investing legend Ray Dalio at the World Economic Forum in Davos Switzerland this morning on Squawk Box in 2025: > The goverment interest rate is the backbone of all markets. Stock market, bond market, all borrowing. All lending everything. > Inflation, think of the number 3%. 3% of GDP. We have a projected deficit of 7.5% of GDP. That means all those bonds have to be sold and because of the supply demand imbalance...when I calculate the buyers of the bonds, there will not be enough buyers, and it could be worse in this dynamic because those who own bonds could also sell them when that happens there is a tremendous supply demand imbalance, then we have big problems. > Think about the value of debt and money, when debt is money. > Then it's about the supply/demand of debt. That will be the driver. If you have a supply demand problem, and you do and you will, what does the government do about that? If they don't provide the buying, then interest rates go up. That has a bad effect on everything. > We don't think enough about what is alternative money. Debt is money. When you're holding debt, you're holding the promise to get money. When you hold money, you're essentially holding it in debt. That is our biggest risk. The money part of our risk > So what is your alternative money. Do you have an alternative money? Yes, Gold, Bitcoin is alternative money. Think about debt and money when debt is money. Throughout history it's always the interest rate you get that is temptation and is it enough to deal with the supply demand problem? > https://np.reddit.com/r/Bitcoin/comments/1i6odq7/ray_dalio_says_he_owns_bitcoin_to_reduce_the_risk/ Billionaire Bill Miller IV on Bitcoin on CNBC explains why BTC is attractive to corporate and institutional investors. BTC is the diversifier. Alts underperform BTC, are very tightly correlated with BTC and don't even have the deep global liquidity to be the type of asset held by big money players: > We believe Bitcoin is one of the most compelling value opportunities for long term in the market today. > It provides checks and balances against profligate government spending. Gold has historically served that role. Bitcoin serves that role better. It's automated. More transparent. It's transportable. It's secure and has a much more clear supply protocol. From a conceptual valuation perspective, Gold's valuation is $20 Trillion. *Bitcoin's valuation is at $2 Trillion so that would imply a fundamental intrinsic value of $1 Million per Bitcoin today.* > *Then there is a game theory aspect to it. At $2 Trillion marketcap today; it's approaching 1% of the global basket of financial assets so if you don't own any Bitcoin today as an allocator, you are now effectively SHORT the best performing asset for the better part of 2 decades.* > And the other game theory, I think about is, *U.S monetary policy makers have an explicit goal to devalue everything you own that is priced in dollars by 2 to 3% per year. Why wouldn't you take 2 to 3% of everything you own and stick it in something outside the fiat system?* > I think that is why a lot of companies are doing that. If you look at the global landscape today in the public markets, a lot of companies are converging on a Bitcoin Standard. *There are now 70 companies on publicly traded exchanges around the globe that hold Bitcoin on their balance sheets.* > Everyone knows Strategy₿ but we have things like Tesla out there, Mercado Libre, Alliance Resource Partners is a coal company, so there are people who are adopting Bitcoin treasury strategy more and more every day and as other companies see these companies outperform, they are going want some Bitcoin. And there is only a certain number available. > https://www.youtube.com/watch?v=IDS57H93AlY

biba8163

The Triple Halving Troll is the Pied Piper leading mETH Heads off a cliff of ruin. > The Merge/The triple halvening/the cliffening...will result in ETH becoming deflationary or *"ultra sound money."*...If (Bitcoin) halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? > ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. > At some point the market will realise the significance of this supply shock and the price will adjust accordingly > *mETH Tricky Triple Halving Troll* (July 2021, ETH ~0.07) https://np.reddit.com/r/CryptoCurrency/comments/ofcxrn/lets_clear_up_the_facts_around_eip1559_the/ > I think it will do better than Bitcoin, especially from its current price point (it's at a historically low ETH/BTC ratio which means its a good time to swap BTC for ETH) > *mETH Tricky Triple Halving Troll* (November 2024, ETH ~0.037) https://np.reddit.com/r/ethereum/comments/1gzd2sz/daily_general_discussion_november_25_2024/lz0s0ue/ > I find it staggering that all these billionaires are rushing to buy BTC completely unaware that an ETH validator is literally a toll booth on the financial highway of tomorrow. Meanwhile, they're all scrambling to get their hands on a DIGITAL PET ROCK. > *mETH Tricky Triple Halving Troll* (January 2024, ETH ~0.035) https://np.reddit.com/r/ethereum/comments/1hvltqi/daily_general_discussion_january_07_2025/m5uye2q/ > We're playing the long game, just like Amazon did in the 90s and 2000s. > *mETH Tricky Triple Halving Troll* (March 2024 ETH ~0.024) https://np.reddit.com/r/ethereum/comments/1j7s0e4/daily_general_discussion_march_10_2025/mh77gln/

biba8163

> Value is a consensus defined by people Now please go explain this to the the mETH Head echo chamber, they seem to be some of the dumbest people on earth unable to grasp this concept > I find it staggering that all these billionaires are rushing to buy BTC completely unaware that an ETH validator is literally a toll booth on the financial highway of tomorrow. Meanwhile, they're all scrambling to get their hands on a DIGITAL PET ROCK. - Triple Halving Tricky Troll https://np.reddit.com/r/ethereum/comments/1hvltqi/daily_general_discussion_january_07_2025/m5uye2q/ > It is your opinion that eth is way overvalued against btc. It is my opinion that btc is hugely overvalued against basically everything. It is a PET ROCK https://np.reddit.com/r/CryptoCurrency/comments/1igeysk/the_eth_to_btc_ratio_just_flash_crashed_to_02337/masalbb/ > I like it when Bitcoin is making new ATH's. I don't own any Bitcoin, because to me it seems like it's nothing more than a PET ROCK. But if they're making new ATH's, soon ETH will too. Soon as in a couple of weeks or months. Ray will crush it. We're all gonna make it. Don't be jealous about a PET ROCK or some unstable centralized coin because of price action. ETH is the number one coin with actual use cases and is decentralized. Don't FOMO into some greater fool coin, keep on stacking and holding ETH. https://np.reddit.com/r/ethfinance/comments/1gq6ahm/daily_general_discussion_november_13_2024/lwymbri/

biba8163

What is the obsession of mETH Head Triple Halving Scammers calling BTC a Pet Rock and shilling a 2-Cycle Shitcoin to noobs and leading them off a cliff? > I find it staggering that all these billionaires are rushing to buy BTC completely unaware that an ETH validator is literally a toll booth on the financial highway of tomorrow. Meanwhile, they're all scrambling to get their hands on a **digital pet rock.** - Triple Halving Tricky Troll https://np.reddit.com/r/ethereum/comments/1hvltqi/daily_general_discussion_january_07_2025/m5uye2q/ > It is your opinion that eth is way overvalued against btc. It is my opinion that btc is hugely overvalued against basically everything. It is a PET ROCK https://np.reddit.com/r/CryptoCurrency/comments/1igeysk/the_eth_to_btc_ratio_just_flash_crashed_to_02337/masalbb/

biba8163

> PET ROCK Triple Halving Trolls still don't seem to understand that BTC is just not like every other blockchain. It's NOT the tech. It's a monetary principle and idea that has been adopted. Money/Value is a social construct. Bitcoin has achieved that whether you like it or not. We're not going to get a new blockchain with better tech that comes around every 5 years and replaces the one that came before it. It's NOT the tech, BTC is a monetary social construct that has been embraced by even TradFi and Wallstreet. It is Digital Gold. Your Emperor Vitalik got this years ago: > The existence of other more powerful blockchain technologies and the fact that even better ones will continue being developed, bitcoin's best chance right now may well be to keep its block size limited and target the niche of digital gold. - Vitalik 2015 https://np.reddit.com/r/ethereum/comments/380q61/i_know_this_may_not_directly_be_ethereum_related/ > I actually agree Bitcoin is better than gold as an SoV - Vitalik 2018 https://x.com/VitalikButerin/status/981072307056553984 > INSUFICIENT SECURITY within very few halvenings So much bullshit about this was written when miners were mining at big losses and bleeding money in 2015 when the price tanked to $250. People were saying that the halvening in 2016 which would cut the rewards in half would make miner losses unsustainable. Since then, the miner rewards have been cut by -87.5%. But BTC price has gone up by 37,900% so miners rewards are more than enough. Fees alone will be enough reward the miners when block subsidies end. You can also slowly increase the block size over long time frames if needed to increase the subsidies if needed. By that time, ETH's value will be a fraction of what it is today and ETH will be even more irrelevant. Congratulations on continuing to lose money and/or opportunity cost.

intergalactic_dog

It is your opinion that eth is way overvalued against btc. It is my opinion that btc is hugely overvalued against basically everything. It is a PET ROCK, it does NOT SCALE at all, and it will have INSUFICIENT SECURITY within very few halvenings. And most important of all: None of these problems can be adressed with more than talk or token actition at most.

IceAgeReaper

https://i.redd.it/0pg5tiseld5d1.gif $PET 🔥

Key_Lead7386

$PET is going to melt faces this bullrun. By far the fastest and cheapest swap I have used. Already better than all the rest, and still various additional utilities to be implemented. 🔥🔥🚀👌

alive1

Came here for this take. I think it's a combination of A, B and C. A is probably caused by his surrounding himself with unintelligent boot lickers. B is probably caused by him not understanding an angle on Bitcoin that could earn him money. But I think there's one more thing going on. C: He is so self-assured that he "understands" the technology well enough that nobody who remotely understands how wrong he is, gets to speak more than two words to him before he interrupts them and says "SEE? YOU CAN'T PROVE ANYTHING. ITS A PET ROCK". His head is so far up his own ass, he only listens and believes his own shit.

89time

I found a few of these by using [revoke.cash](https://revoke.cash) . I had small amounts of PET and AN (Absolutely Nothing). Time for a new wallet.

Sideboard81

No, mine was 0.1 PET

explision

My BAT earnings have been so crap, I don't even look at them anymore. I like that it blocks youtube and that it looks neat, but the whole earing system is so low, I could just find 2 PET bottles and make more money

BraidRuner

'No one ever went broke underestimating the intelligence of the American public'' PET ROCK and Chia Pets are proof we will BUY ANYTHING

PropheticRevival

False. Crude Oil production reached a peak at the end of Trump's term. It steadily decreased after Biden took office. It only recently increased again in the last couple months after heavy pressure from the public (unfavorable polling.) https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

pmbuttsonly

> I’d like to sell you my pet rock *TELL US MORE ABOUT THIS PET ROCK* 🤔 💰

Puzzled_Raccoon8169

Well explain it to me then. Insulin tests, cholesterol tests, t-cell tests for people with immune problems, thyroid tests, liver and kidney function tests, leaps and bounds in the last 20 years in all these areas. Still no seratonin tests after well over 20 years of Prozac marketing. It’s a Seratonin Reuptake Inhibitor. But there’s no test before or after to determine if the levels changed or were affected at all. It’s “how do you feel it’s working?” And if you’re still sad they just up the dose. Still not working? Let’s mix in this other drug that we “think” might help. Lol. No blood tests except for Lithium and that’s even a maybe. No MRI’s, no PET scans, no blood work. 5 smiley faces to describe your mood today. 😂 But they collect payment at the psychiatrist for medication management AND at the therapy office weekly, biweekly, or monthly. It’s a genius business model. If only the tarot card readers could have gotten prescription privileges. Cuz that’s what it is. People listening to your story and then repeating back what you wanna hear for validation. They’ve even got the online “tele-health” counselors where you can pay a subscription fee to text a psychologist 24/7. 20 years ago it was .99 per minute to talk to madame cleo.

Lonely_Set1376

> Biden’s and Dem’s energy agenda was easy to see that gas prices would get this high How is that? Biden has done nothing but raise production from when Trump lowered it. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M

PMyour_dirty_secrets

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M This is r/bitcoin, not some shitty political sub. This is A: unnecessarily political and B: easily disproven by anyone with an internet connection and 15 seconds to spare. Keep that shit in whatever circle jerk political sub you want but not here.

rwang411

I remember chia PET. That shit is great

Castr0-

The good things of lifes are in the small things that we have as granted. Remember that words. ​ * PET YOUR ANIMALS * GO FOR A WALK AROUND YOUR HOUSE * EAT GOOD AND DELICIOUS FOOD. * etc

Schwacolyte

The folks that weathered the 2017 bear market are all riding tigers in Mongolia with pet eagles on their shoulders. That one was (how long?) but they got through it. So, what I’m asking you MFers is WHO WANTS A PET TIGER?!!? Me personally, I want to ride twin dolphins in the ocean like Aqua man! So, the best way for me to do that is read up on the readily available recent history for making it through this lousy moment.. THAT WILL ULTIMATELY PASS. now go get it brother.

Tyler_Zoro

> Her job is to solve the problem Why do you expect this sound bite about inflation numbers to be a solution to ***anything***? This whole thread seems like a strawman argument about ... something? I can't even really tell what the goal is. > She's crap even at making up the excuse; inflation and energy crisis existed before "the conflict" anyway. Wait... are you putting "the conflict" in quotes because you're denying the impact on fuel prices? Because if you are, I think you need to [look at reality.](https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMD_EPD2DXL0_PTE_NUS_DPG&f=W) While it's certainly true that between Nov 2020 and Nov 2021, fuel prices went up from a low we hadn't seen since 2016 to a point just below the previous highs in 2015, that simply doesn't compare to the rise in fuel prices precipitated by the destabilization of European fuel, beginning with the pushback against the Nord Stream 2 (mostly because of the clear effect it was having on Russia's stance toward Ukraine) and then the invasion. That rise is from a recent high to a new *historic high*! That's not run of the mill inflation. What are you trying to suggest that that was caused by?!

Reverend_Renegade

More BS narrative. The powerful of the world want it gone and this is their best attempt by attacking PoW. Waste to energy plants would be a good approach. This would drastically reduce landfill waste, produce energy (power/LNG), reclaim plastic waste (PET), fertilizer from digestate, provide jobs and mine BTC using bio-fuel generators which are low-hazard air emission, yielding 93% more energy and displace 41% less greenhouse gases.

ForcedLoginIsFacism

Pardon? That‘s nuts. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIM_NUS-NRS_1&f=M

syzygy00778

Effing A man, that's what crypto is all about. Anyone can get in, age or where you are in the world doesn't matter. Best of luck with the PET!

i_reddit_at_reddit

Good luck with your PET scan. I wish you nothing but a clear result.

spaz69dt

Had a dr appointment to get some results of my last PET scan today and while im sitting here in the waiting room there are 3 men probably in their 50s talking about crypto and what they are invested in. Its funny because they hold a lot of the sameones that i do and are very informed about what they are. Crypto is spreading!!! FYI im in Kentucky so this is kinda wild.

xav1029

I have asked my family member this, and here is the general consensus. The common, less (formal) educated, countryside people love the guy. So does a lot of the young generation (25 and under). He can inspire crowds, gets everyone worked up, a true showman. While they agree that he has done great things like build hospitals, the older formally educated group and the artistic group (very strange for these two groups to agree) distrust him and see him more like ego maniac, con man, and show off. For example, he took BTC profits to build 20 schools (yay!) and a pet hospital…a fucking PET hospital!! Anyone who has ever been to El Salvador knows the last thing it needs is a pet hospital. He also has total disregard for the constitution because he is so popular with the masses that no one can put him in check because he has full support of the people. So one one hand he does great things for the country (schools, hospitals, BTC, breaking the US control). On the other, he disrespects the law and is builds some things just for show/propaganda (pet hospital, empty testing center, useless bridges and overpasses on road to airport).

spaz69dt

Only 2 more after this and i get to take a break. Hopefully the PET scan is better. I dont think I wanna do this again. I honestly only did it for my family to not lose me

bzzking

Hi kids, this year you get to experience an amazing Christmas from when I was a kid. You get a PET ROCK this year, you can choose any that you’d like from out morning walk at the public park and we can paint them later. To be clear, you’ll be painting, Daddy has “work” to do. Walks kids to park Christmas morning whilst checking the charts the entire walk.