Cryptocurrencies

[james22]

 

[Paarslaars]

Maybe good for us investors but bad for europeans who are stuck with this dinosaur... as if were not falling behind enough.

[james22]

2 hours ago, Paarslaars said:

Maybe good for us investors but bad for europeans who are stuck with this dinosaur... as if were not falling behind enough.

 

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

[SharperDingaan]

When the conservative portfolio allocation to crypto is 2-5% (around the world); CB's will have little choice but to follow.

 

Thing is .... it doesn't have to ALL be in BTC; some of it could also be in national mining (ie: 'Foundry' counterparts), and key CBDC infrastructure. Adoption also ISN'T just about greater use of crypto, it's also about ensuring enough joint control over mining capacity ... such that nobody can ever get > 50% of global hash capacity.

 

Which is why 'crypto strategic reserve' DOES NOT MEAN just a pile of BTC ...  it also means a mechanism by which to immediately transfer ALL of a nations mining capacity under one roof, and a 'Blue Genie' on 'reserve' in the basement of a Central Bank. Capacity is tied to hash power, so f*** with us .... 

 

SD

 

 

 

[Blake Hampton]

 

Corner of Bitcoin & Fartcoin

[TwoCitiesCapital]

3 hours ago, Blake Hampton said:

 

Corner of Bitcoin & Fartcoin

 

1) everything Buffett says is true....and was true of stocks/stock brokers/companies in the early days as well. Didn't mean you shouldn't buy - just caveat emptor and pray for regulation 

 

2) both of these guys missed the value of tech and have made mistakes that they own up to.... including  never investing in Microsoft despite being so close to Bill Gates!!!!! I expect Bitcoin will be in that "too hard" tech basket for them and will be another mistake in hindsight. Doesn't tKe away from their accomplishments - just means this is well out of their circle of competence, as they've previously admitted most tech is, and relying on them as authorities on the a tech-related subject/investment is questionable. 

 

I'm not saying Bitcoin will be the only success in the crypto industry - but if you invest in Bitcoin only, particularly through a trusted intermediary (like Blackrock/Invesco/Fidelity/etc), then you can avoid most of their concern of unscrupulous actors doing illegal stuff and avoid trading dog-shit. 

Edited 4 minutes ago by TwoCitiesCapital