For those unfamiliar, the Kelly Criterion is a formula that calculates the optimal percentage of your capital to allocate to an investment based on expected return and probability. The goal is to maximize long term capital growth while minimizing the risk of ruin.

Assuming Bitcoin has asymmetric upside but high volatility, would you go full Kelly, half Kelly, or something else?

I am especially curious how people here estimate their actual edge and expected return inputs.

Hey guys, hoping you can help. Or maybe direct me where to go. I get there’s Coinbase and all the other options like that. Looking specifically and only for in person purchases with cash right now. I get that they’re higher fees.

I usually buy bitcoin with my debit card with the LibertyX app. But my bank (Capital One) recently switched over to the Discover network, and it doesn’t look like Liberty will take that after trying it this morning.

I can withdraw cash and pay for it that way. But I’ve done some searching around and I can’t confirm that there’s a location near me that accepts a cash purchase at the register. Only debit cards at the atms. It’s a Walgreens, so I’ll try asking them in person the next time I’m there to be sure.

I also saw that Walmart allows cash purchases. Not sure if that’s also available with Liberty X. I think they use Coinstar/CoinMe? Never tried it before so I could be wrong.

Any other popular chain stores that you’ve had luck with? Thanks in advance 🙏

Hallo, habe eine kurze Frage an diejenigen, die Kraken/Pro nutzen: Dauern Transaktionen immer so lange? Ich habe heute einen Geldbetrag an Kraken überwiesen, aber er ist leider noch nicht angekommen. Danke im voraus.

Even though it has little to do with cryptocurrencies, I found a strange analogy between the myth of Satoshi Nakamoto and Ensei Tankado, another Japanese character in the novel. One sentence struck me: "Tankado thought he wouldn't need money after he died, so why not give the world a little farewell gift?" Does anything come to mind? It's believed that Nakamoto is also dead, and with the invention of BTC and his wallet, he too is giving the world a gift. If anyone has read the novel and finds any similarities, I'd love to hear your interpretation.

Anybody else getting spam robocalls saying there is a problem with your River.com account? Was there a data leak?