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- Jan 29, 2015
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@CCarter
In case you didnt notice, we live in an inflation fueled fiat fantasy land.
They got rid of the required reserve ratio last March........
Cash flow and fundamentals require a peg to be relevant or they just take a back seat to inflation hedging.
Crypto is driven by the everything bubble wiping out credible investment opportunities as much as anything else.
You can even see it in the inflated valuations for shitty organic content websites.
The only thing holding it back is that the top class of investors allocate based on what they want to see in the future. They're interested in control not profits. Social investing is the number 1 market spirit because investors have to live in the real world.
Most people largely agree that burning up the whole world to keep a ledger is crazy. Some just don't care if they can profit or think adoption will drive the innovations needed to deal with the power issues.
If and when the power issues get solved governments and more ethical masters of the universe are either going to adopt the tech or get overthrown and out competed by those that do.
When you bet on a coin or what ever, what you're really betting on is its biggest bag holders ability to affect the future and drive adoption. I like doge because I think it has the most credible early adopters with the largest ability to affect future change. Its also got brilliant accessibility first choices and best in class memnetics that I believe will cause it to compete above its weight class.
The inverse of this is why I think butt coin is a real dog of a bet.
That said there is so much crapital out floating around due to the overcapitalized state of the global economy that I doubt it will ever go to 0 with out government level intervention relating to concerns about its ecological footprint. It would take real big brass balls, or insider gov level information to go short on it; but might pay off hella well.
In case you didnt notice, we live in an inflation fueled fiat fantasy land.
They got rid of the required reserve ratio last March........
Cash flow and fundamentals require a peg to be relevant or they just take a back seat to inflation hedging.
Crypto is driven by the everything bubble wiping out credible investment opportunities as much as anything else.
You can even see it in the inflated valuations for shitty organic content websites.
The only thing holding it back is that the top class of investors allocate based on what they want to see in the future. They're interested in control not profits. Social investing is the number 1 market spirit because investors have to live in the real world.
Most people largely agree that burning up the whole world to keep a ledger is crazy. Some just don't care if they can profit or think adoption will drive the innovations needed to deal with the power issues.
If and when the power issues get solved governments and more ethical masters of the universe are either going to adopt the tech or get overthrown and out competed by those that do.
When you bet on a coin or what ever, what you're really betting on is its biggest bag holders ability to affect the future and drive adoption. I like doge because I think it has the most credible early adopters with the largest ability to affect future change. Its also got brilliant accessibility first choices and best in class memnetics that I believe will cause it to compete above its weight class.
The inverse of this is why I think butt coin is a real dog of a bet.
That said there is so much crapital out floating around due to the overcapitalized state of the global economy that I doubt it will ever go to 0 with out government level intervention relating to concerns about its ecological footprint. It would take real big brass balls, or insider gov level information to go short on it; but might pay off hella well.
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