Felipe Martins

Oh no lost coins r moving

If you are an Apple or Microsoft there is no reason to hurry to acquire Bitcoin. These businesses have assets earning big revenues, are cash rich, and are already the largest beneficiaries of investor flows. The best things they can do with cash to return shareholder value are expand their capacity further or buy back shares (which is far more direct). It is the same reason why companies by and large do not bother holding gold. It generates no income. I mean this is obvious stuff guys. Quit simping for Michael Saylor for gods sake.

We are in a present day mania resulting from excess emission of paper money. Financial nihilism is the newest phrase for an outcome we have seen countless times over millennia. All the markers are there. If you aren't seeing them as some of us are, you haven't read enough history. "The only recourse, in the midst of new necessities, seemed to be to issue more paper." "...an American wave of optimism, born of continued progress over the decade, which the Federal Reserve Board transformed into the stock-exchange Mississippi Bubble." "...the growing optimism, they gave birth to a foolish idea called the "New Economic Era." That notion spread over the whole country. We were assured that we were in a new period where the old laws of economics no longer applied." "...the inclination of a large part of the people, created by past prosperity, to live by speculation and not by labor, was greatly increased. A spirit in all respects akin to gambling prevailed. A fictitious value was given to all kinds of property. Specie was driven from circulation as if by common consent, and all efforts to restore society to its natural condition were treated with undisguised contempt." "The prodigality and waste of some of these speculators were almost beyond belief." "Undeniably, the paper money exercised the worst influence on the morale of the people. Frugality and diligence were lost virtues. Vulgar pleasure-seeking and wild extravagance became habitual even in the lowest classes. Of what use to care for the future ? Why not enjoy today all the pleasures of the senses?" "The very fact of speaking continually of large sums, which, however, in truth amounted to but very small value, stimulated to frivolity and folly." "At present husbandry runs the risk of decaying, and the number of people who seek to obtain copper daily increases. They leave their ploughshares, they melt and cast and blow the charcoal. The bad coins are daily made in larger quantities, while the five species of grain are not made to increase. The virtuous are led astray, whereas the wicked are respected..."