igoringa

tax haven wise you might be confusing them with tether. they started in vancouver and have been sf for awhile. million reasons xrp is a joke but that is not one of them

that is what amazes me about it - the hype train and pyschology. The outlandish rumors and assumptions. When i was first told of it the focus was Japan was already using it full swing with the rest of the world switching (july this year and november). Luckily as a public blockchain that massive japanese use would be self evident on xrpscan or the like. when asked where i can see the transactions - crickets. Then on to the next myth. Fascinating how many otherwise rational people buy into it.

i've been paying attention to XRP for the better part of the year and I don't think I could have been captivated by its following in the gymnastics people go through to argue its merits - no matter what reality is.

All investors move goal posts; all investors overdramatize their investment - but this is such another level.

I got interested when someone tried to explain to me how iso 20022 was effectively going to mandate the use of XRP, even though it has absolutely nothing to do with it in any shape or form. First in June when the US would switch over then it was gonna be November when the rest of the world switched over. It was just fascinating. All this talk about them replacing Swift .... and the fact that anyone would use a speculative asset as ODL - it is just amazing. The latest argument of the collapse of the Japanese reverse carry trade, causing a liquidity crunch that for the first time in the history of mankind will drive people to a speculative of asset like XRP - I just don't get how people buy this

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So because the article is a month old it’s not relevant? I was just curious on others thoughts as I dug into it last night. Apparently anything not bullish is not allowed here.

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LOL what? Did you not explicitly state the Citizens DID NOT FACTOR this into their analysis? I think the fact it is over a month old is quite relevant to that assertion you are trying to make.

That was my point - you were the one acting like it was fresh and the analysts hadnt considered this. If you think the analysts that released in the last few weeks had not known about this deal last month - that is on you and you should be rightfully challenged on it - bull or bear.

A lot of FUD about their growth in AR and how that could be channel stuffing.... ofcourse the minor little detail is that AR as a percentage of quarterly revenue was actually lower this Q - but don't let that get in the way of a good story!

So assuming NVDA earnings call does not change tone of earnings (and hopefully it is more demand porn) - I gotta think this triggers a short squeeze pretty fast on NBIS, IREN etc.


Not that it will help my $130 and up 11/21s but lol I will take it

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They could ….. but it doesn’t mean this chips will be in use…

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they will be in use if they are subject to a binding five-year contract. This is the part that I'm not understanding. A customer has contracted the use of the asset four or five years at consistent revenue levels for the five years. Under what perversion of US GAAP would one suggest that a useful life should be less than five years in that pattern or should be anything other than straight line.


If under a standard five year revenue contract like the example I gave like so many of these deals are any acceleration of depreciation with materially mistate the comparability and economics of the contract.

No, yes I know there is GPU purchases that are not subject to these contracts - but if you have a significant portfolio of a counterparty signing five year deals for the use of a specific chip. I find it rather challenging to argue as useful life is overstated if five years is used.

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We don't know that to be the case. Also what Burry is saying is that the deprecation isn't matching the revenue.

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We have had multiple deals in the past several weeks that are based off this, so we do know some of these are clearly the case.

For example, the IREN MSFT deal is a 5 year revenue deal - $9.7 billion ratably over the contract with IREN responsible to provide the B300 chips for 5 years. That is the term of the agreement - why would they not depreciate these over 5 years at a minimum.

If they have other similar GPUs for other non long term arrangements - I would really question a delta off 5 years given the nature of these contracts.

so what you guys are telling me is the most stable and predictable stock in my portfolio is a pre-revenue Canadian graphene company - that is not exactly a badge of honor lol

I just couldn't have asked for a better earnings report today. It's just nuts. Live by the sword die by The Sword - still ended up over six figures on the data center option run, but man has it drops these last few weeks - on good news lol

NBIS is clearly a premium provider and deserves a rich premium over the bitcoin gang per MW. i love both (Nbis and Iren) for what they do.


of course, both are gonna kill me on this option cycle - if earnings and news like today cannot move double digits and confirm the data center game is still early - i do not know what could

so I've been out all day - has the market decided that we have excess computer in this world now?

Is this the burry put spin off? Or did I miss something that's actually real?