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igoringa
| Favorite team: | LSU  |
| Location: | South Mississippi |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 12275 |
| Registered on: | 6/29/2007 |
| Online Status: | Not Online |
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quote:
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Posted on 1/12/26 at 11:54 am to Rex Feral
I do this line of work. We find it is really helpful for companies that can, or have hired someone at $150k+ a year as their accounting lead but struggle to see value, and basically have them as a very expensive admin that they have to deal with employee problems of a FT employee (sick kids, vacations, etc). Especially when that person is in charge of all accounting, they may struggle with higher level analysis. This problem gets worse the more qualified/compensated that individual is, because they are still just one person.
I agree it has value for many businesses. I just find the expression (CFO) a reach. It is second accountant work. I say this as a CPA and not as as shot at us - but there is more to the CFO title then the accounting function and most of these fractions (Now CFO, CFO Hub etc) are simply doing the accounting function.
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quote:
This is a growing marketing ploy in my line of work. The majority of CPAs who are offering CFO services are basically acting as in house accountants with limited input on the daily functions of the business. If youre lucky you might get a monthly chat gpt analysis of your financials.
I echo this sentiment - the industry determined that the expression Fractional CFO sounds a lot better than 2nd accountants but generally is the same thing.
It really comes down to what your needs are
quote:
Is this good?
LOL that would require independent thought or atleast a cut and past from chatgpt.
They just post these things without any basis.
The AWS use is simply AWS AI can be used to analyze XRPL logs - simply using AWS (not the other way around as a vendor). Yet they will try to pump it as if it is something.
There is no realistic value proposition with XRP. For example, even if you bought into XRP becoming widely used - the simple use of the XRP ledger cannot remotely come close to supporting current valuation - nevermind projected valuation.
Simply put, the XRP burn rate is miniscule so there is no scarcity. The system could take on the volume of Mastercard and if it could process 30K transactions a second needed (it cant do 10% of that but lets play), it would take 203 centuries to burn through the XRP.
So for usage on the XRPL ledger it has negible value if used. So the AWS news, as ambigous as it is, does not mean anything.
For the ridiculous current valuation and more ridiculous future valuatoin to have any hope - it needs to be used for Trillions in ODL a day (and even then with a 3 second transaction rate not likely), or locked up for RWA tokenization (which will never happen as tokens will not want value in the wrapper - it is the underlying asset that is important - see stablecoins - the wrapper is worthless but the collateral is worth the dollar).
Again, feeble.
quote:
Who on here has the most shares?
I would think Meka although he has not disclosed as he was getting in when it was literally a few cents.
sounds like Dock has me beat. I am exactly 100K shares - Took some profit when they did the raise in Oct but held those. Cost basis is effectively zero now so letting it ride. It is hard not to keep dipping in but I am trying to stay rational lol
I cannot believe how many hundreds of hours I spent tyring to debunk this thing on this board over the past decade.
re: Spec Play - HGRAF
Posted by igoringa on 1/6/26 at 8:52 am to NaturalBeam
quote:
I'm completely making up a hypothetical, but should we have any concerns that one of the bigger graphene companies has some pull with the EPA and can torpedo our approval? Hopefully none of them are big enough players to have this power.
None of them have the power and weight to do that.
I continue to hold my position, basically in violation of my own rule where I said if they missed timelines I would be out. Atleast my basis is nil so I am willing to let it ride.
I stick with what I said in the first post - either this company is worth billions and billions or nothing. I do not see a middle ground.
This EPA thing obviously bothers me - both the delay and the fact it was not better contemplated by management when setting timeline expectations. If it truly has been since 2024 since they applied, the timeline should have been more couched related to it. But I am still here waiting lol
re: The XRP Hype
Posted by igoringa on 12/30/25 at 9:36 am to lsuconnman
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
quote:
The theory is Ripple XRP has a public and private ledger's that will eventually merge, so if banks were transacting on a private ledger you wouldn't see those on XRPscan. ps. i'm not saying i believe this but that's the theor
impossible - 1) all tokens are accounted for on private ledger. 2) Schulz the Ripple CTO and inventor has dispelled this myth several times as 3) that would defeat the entire purpose of a blockchain settlement mechanism. Never mind the banks are primarily public companies and would have to disclose in multiple places any material accumulation of any crypto or asset. in other words - impossible
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.
Yes the entire system is absolutely going to be on chain and powered by blockchain systems. It is just not gong to be XRP. Never was going to be XRP; never will.
Swift is going on chain, not XRP. DTCC is going on chain, not XRP. JP Morgan has their own internal chain that dwarfs XRP in volume already.
Hell US banks cannot even directly use XRP without violating AML and KCY rules (as the creator of XRP even states). I mean I am not sure how many facts are needed to dispel with concept.
Swift is going on chain, not XRP. DTCC is going on chain, not XRP. JP Morgan has their own internal chain that dwarfs XRP in volume already.
Hell US banks cannot even directly use XRP without violating AML and KCY rules (as the creator of XRP even states). I mean I am not sure how many facts are needed to dispel with concept.
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
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
re: Nebius - NBIS - AI Infrastructure Company
Posted by igoringa on 11/23/25 at 12:01 pm to Mockingbird2008
quote:
I’ll go back to reading, not posting.
Most certainly not the objective of my point. Varying viewpoints make the market. I just did not want anyone to think there was breaking news this weekend. There is not. We talked about that some in october when it was announced.
re: Nebius - NBIS - AI Infrastructure Company
Posted by igoringa on 11/23/25 at 11:05 am to Mockingbird2008
quote:
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.
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.
re: Nebius - NBIS - AI Infrastructure Company
Posted by igoringa on 11/23/25 at 10:14 am to Mockingbird2008
I am confused - why are we talking about a month plus old deal as if it has some kind of impact now?
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!
quote:
I bet they doubled in value, from 2 cents to 4 cents...
LOL! Now do my 150's - boy it was a fun run until the rug was pulled. Still ended up but man it could have been special.
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
Not that it will help my $130 and up 11/21s but lol I will take it
quote:
Prices falling but I’m scared to buy the dip.
NBIS has me spooked.
So as a decent sized holder, I think this dip is warranted. I mean they set goals and timelines and missed. Simple as that.
I had not sold a share since a small trim at the offering and won't but I am more amazed that it went up to $3 post offering on no news than it dropping back down to offering levels.
And keep that in mind - we have simply returned to where it was at the offering. The day of the offering I would have been having a parade if you tole me a month plus later that would be our position but here we are.
Have to assume some air out of the price on risk off days when the news isnt coming.
re: ‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnin
Posted by igoringa on 11/13/25 at 5:16 pm to cadillacattack
quote:
They could ….. but it doesn’t mean this chips will be in use…
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.
re: Nebius - NBIS - AI Infrastructure Company
Posted by igoringa on 11/13/25 at 9:11 am to bayoubengals88
I am sure we will see you around other boards and threads BB - thank you so much for bringing NBIS to our attention.
I can understand the need to focus - the short term option game was quite a ride - but it also, atleast for me, became ultra possessive of my time and energy - enough stress in other aspects of life lol So I get the step back.
Those shares will still make you a lot of money in the long run!
I can understand the need to focus - the short term option game was quite a ride - but it also, atleast for me, became ultra possessive of my time and energy - enough stress in other aspects of life lol So I get the step back.
Those shares will still make you a lot of money in the long run!
quote:
We don't know that to be the case. Also what Burry is saying is that the deprecation isn't matching the revenue.
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.
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