Forward Looking (Into the Abyss)
1.1K posts

Forward Looking (Into the Abyss)
@DarkPoolTA
Idiot Savant TA trader and market veteran / Macro nerd / economics literate Leftist


Trump posts an image of himself on Mount Rushmore


BREAKING: President Trump says now is the time to audit Fort Knox.



Imagine if conservatives, rather than pathetically crawling around on the ground to lap up discarded pop culture crumbs, actually went out and advanced their own creative and artistic vision. Imagine if we used an event like this to actually elevate our own artists and make them famous. What a crazy thought.



The problem with BTC is that it isn't built for humans. Imagine a world with nothing in it but 22m BTC. Guy builds a house. The house is worth 22m BTC, since it's the only thing that exists. Another guy comes along and builds another house. There are now 2 houses. Hence each is worth 11m BTC. The first guy has just seen the value of his house plunge by 50%. What does he do? He goes over to his neighbour, shoots him in the head and takes over his house too. Problem solved, he is worth 22m BTC again. Simply human nature. BTC is deeply disinflationary while human nature is not. We want more, not less, simply how our brains are wired. That is the bit BTC maxis just don't get. BTC will NEVER be a system of account.
















