<<Bitcoin>> serves two purposes, at least, that ...
(1) it aggregates capital in a pool eventually flowing to gold, and
(2) same, before, and now flowing to other cryptos, alt-coins, and such same
Maybe we think of BTC as a battery, storing energy and releasing to where needed.
In the meantime, little Casper casperlabs.io remains a baby, supping at the energy of the metaverse, and outrageously adding to those that engaged, not exactly eating the world, yet, but doing some good. Alas, its futures contract is neither deliverable in Caspers nor backed by Caspers (I do not actually know this last point to be exactly true), but the pricing energy better than when last checked Message 33276698
Now at 2.91 or 145X of my cost basis (0.015-0.02) Message 33224070 , but carried on the book at 0.0000 (close enough to actual cost) else it would skew the allocation by way too much. At 5.14 my NAV doubles, and then I would not have enough gold as ballast.
I am obligated to hold CSPR 12 months from April 2021 because am engaged w/ a validation pool that shall generate earnings in the form of more baby Caspers. So no point to mark to crazy value until the baby grows a bit more. Let us watch the baby progress.
Crypto is crazy. Say Internet 1996, and arguably has the Internet beat. And the crypto metaverse has at its core a transactional genesis currency that rules over all other monies, bitgold.
Key words, sovereign, anti-fragile, smart, network effect, singularity, ... CasperPlatinum, something more useful than BetterGold
Trades public 4th May 2021 at an exchange near you. Consider buying some, as a hedge if not as life-altering gambit. The reward / risk on all the schemas involving tokens seem way to skewed, because hardly anyone over 30 has any bets on.
I am going to make more, much more crypto investments / speculations. I cannot tell with a great deal of conviction the good wagers from the bad bets, I shall follow my betters even as I already and shall continue to fidget-fidget on random tokens in small throws.
I have GBTC, BTCC, BTC, Casper, and Rally, so far. The BTC flavored stuff was in aggregate the largest of the wagers, but Casper has overtaken by ~30X by just showing up.
For the astute investor showing up at the party @ 2.91, undoubtedly hoping for a 100X return, and given the early appearance of such astuteness, would be deserving and should be rewarded by at least, arguably, 10X, to be conservative.
coinmarketcap.com
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