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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: TobagoJack who wrote (134321)6/28/2017 4:22:50 AM
From: Maurice Winn  Read Replies (2) of 219928
 
Not everyone's <<everyone’s favourite decentralised, peer-to-peer digital cryptocurrency, is making headlines around the world.>>

My criticism of its design remains as per when it was first announced. But my big mistake was to not buy into it at the beginning and sell out when I introduce the real thing. Something doesn't have to be perfect to be worth doing. It just has to be less bad than other options. Silly me. And I STILL haven't done my one and it's now a dozen years since I went to Montpelier to sit by the sea and get it all figured out. Instead, I went troppo. Then got side-tracked by Zenbu wifi. Life just keeps happening! It's hard to have sustained focus to make things happen.

Elon Musk is very good at it. TSLA reached $385. Up from my short at $339. Markets are so much fun.

Now he, via Space X, has launched a swarm of Iridium satellites. Back in Y2K, Globalstar was world champion. I did not believe Iridium would outlast their first constellation. But they not only did, but their constellation ran for a decade longer than its design life while Globalstar's supposedly superior system broke down before reaching its design life, due to a manufacturing fault. Apart from the satellites failing, Globalstar also had a dopey high-priced marketing plan with arpu as their measure of success. Banks don't accept arpu as deposits, they only take actual cash.

It's better to have 10 million customers each providing $100 a year than 100,000 customers providing $1000 a year. Those 10 million would get another 10 million. Those 10 million would each buy a device or two as well for megatons more revenue. And economies of scale matter a LOT in designing and producing electronic devices. And paying for new constellations.

Mqurice
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