This is a couple years old now, but is the best discussion of why centralization fails, and why decentralization wins. Of course, anyone who has ever visited a socialist/communist country can testify, all things centralized eventually fail. It really boils… Read More ›
The Impossible Math is Roaring – Can you hear it? Dollar Dumps, Bitcoin, Silver, and Gold Win in that Order!
See how that works? If I were in an airplane, I’d explain that it’s very similar to the dreaded “Coffin Corner,” where if the plane goes any faster the shock waves cause it to “tuck,” and if it goes any slower it stalls (faster or slower results in a lower altitude). That’s where we are, welcome to Impossible Math.
Produced this past November, this interview with Rick Falkvinge is great – he is a truth teller who understands the ramifications of this technology. Worth a listen, the world is going to change, he touches on how much:
Did you feel that Ripple in the Force? Be a part of the quiet revolution and shun bank anything… humanity will be rewarded for your efforts!
The world is truly about to undergo one of the most profound changes in human history, Warren can catch up later – I’m looking forward to my Berkshire share, even if it will buy only a fraction of a bitcoin in the year 2023! I’m off to buy a 5 year put option on Berkshire!
Since my last update, prices moved down to perfectly strike my target of $13,800. That could be it for wave 2, we’ll know for sure by morning.
What I want to show for this post is the beauty of waves!
That’s THE fundamental driver – the overproduction of debt dollars. Bitcoin is simply a mirror of bad policy and what was an illegal (true conspiracy) event in the year 1913.
I believe we saw fear and capitulation selling volume on the really nothing news out of North Korea that they would enforce their laws regarding banks and Bitcoin.
If there is ever a run at any of the exchanges, you could get trapped. This is why you should mostly have possession of actual coins and they should be located in a wallet that you possess. I would only keep enough money on any exchange to cover any trades or cash in and out that you plan to do near term.