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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.26+0.5%Jan 2 4:00 PM EST

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Recommended by:
Lee Lichterman III
To: stsimon who wrote (168782)2/20/2021 4:53:52 PM
From: sense1 Recommendation   of 218919
 
Having poked at it a bit over the last few weeks...

My take on it now... big picture market perspective... is that bitcoin is clearly the innovator in the space that founded the market. The "first mover advantage" issue is probably an appropriate way to view that... without granting crypto any magical powers to ignore market dynamics that have always controlled every market.

Look back to the dot.com bubble... to see who the "first movers" were... at a time when there was a deliberate gold rush going on in dot.com stocks... huge sums of money backing vapor... in order to stake out a claim as the "first mover" in the space to dominate selling... socks... pet supplies.... or groceries... on line. Remember the names of any of those... today ?

And, relative to the market issues in silver, today ? Hypothecation and re-hypothication... means bankers have figured out how to make more "physical" silver in the market than actually exists... and they use that to control the "price" of silver. Evidence exists and is increasing rapidly... that the unchecked fraud in silver markets... conducted with the regulators knowing but willfully ignoring it... is becoming unsustainable.

But, the point in context of this post... is that if you can do that with something that does exist physically... why would you assume you can't do that with something that doesn't ? Bitcoin does not appear to have solved the problem of preventing financial fraud.

More innovation required.
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