james22

Compounding, primarily. Not a better understanding of tech innovation and diffusion.

We can't take his word for what is not within Buffett's competence??

ZIRP pales compared to nature of accelerating technology.

Heh.

A flaw in the bitcoin game theory of adoption is the assumption that players are rational.

Investing makes everything interesting: businesses, the economy, politics and policy, the weather, commodities, psychology, etc. https://www.amazon.com/Investing-Liberal-Robert-G-Hagstrom/dp/1587991381

Disappearing, becoming common: same thing

Nah, I know better than to "feel" anything.

I enjoy the process too much. Heh. I can now justify it though.

There is no comprehensive national privacy law in the United States. However, the US does have a number of largely sector-specific privacy and data security laws at the federal level, as well as many more privacy laws at the state (and local) level. https://www.dlapiperdataprotection.com/index.html?t=authority&c=US

Fidelity Digital Assets® 2025 Look Ahead The question on many people’s minds is now, “Am I too late?” To answer this, we are reminded of a book the team read and discussed at length, Technological Revolutions and Financial Capital, by economist Carlota Perez. One of Perez’s core theses is that true technological revolutions do not just affect one industry. Instead, they are so large they disrupt multiple fields and overhaul entire economic landscapes. Perez uses railroads and oil as examples—breakthroughs that reshape not only entire industries but the structure of production and communication too. Bitcoin and digital assets could fit this theory. We are potentially past what Perez describes as an early speculative period accompanied by financial boom and busts and are now possibly entering the phase of further adoption. Researcher Jeffrey Ding also echoes this idea as he says it is not the discovery of a new technology that has the greatest effect on society and nations. Instead, it is the diffusion that happens in the decades that follow. We believe we are beginning to see early signs of mass diffusion and adoption, many of which are detailed in this report. Although this process will likely take decades, 2025 has the potential to be the year that is looked back on as the pivotal time where the “chasm was crossed” as digital assets begin to take root and embed themselves into multiple fields and industries. For example, in the past year we have already seen discussions around nation-state adoption and increased corporate balance sheet adoption. Therefore, it may be too late for the speculators that want another frenzy. However, we believe we are still incredibly early in terms of this new era of sustainable adoption, diffusion, and integration. https://fwc.widen.net/s/zrvf5hfjfs/fda-2025-look-ahead-report---final

China does. It's easy to dismiss privacy concerns when you're insignificant.

Are you a business or person of any significance, Luke?

Setting aside the politics, doesn't the democratization of luxury goods and good taste make the luxury sector significantly more risky than previously? Today, when luxury goods are more accessible to ordinary people than ever before, the elite need other ways to broadcast their social position. This helps explain why so many are now decoupling class from material goods and attaching it to beliefs. https://archive.ph/bDqLe Or does the shift create opportunity? How will the upper-class and hipsters display their status next?

1. You can assert your data rights in the US. Not China. 2. The data collected is used differently by profit-driven companies and hostile foreign governments.

All it costs is your privacy.

There's always an alternate explanation.

It's much easier deciding to get out (risking further upside) when you've gains in hand than deciding to get in (risking further downside) - especially if you've catching up to do.

Is it 1960? Am I Warren Buffett?