That was interesting to watch a Newbie get religion. Born again style! Raoul Pal. He's now up to where I was some 30 years ago or maybe 20 years.
He reminds me of the USA whosit who said
Most people wonder what happened
Some watch what happens and adapt and adopt and try to keep up
A few make things happen.
Google surely has the quote. Bingo - seconds later
“Some people make things happen. Some people watch things happen. And then there are those who wonder, 'What the hell just happened?”? Carroll Bryant
Also, I've always said I create my own reality. Sure, there's an externality, rules of physics, four forces of the apocalypse, bad luck etc etc. But I've always found the future can be designed and turned to my wishes in great part. Also, creating the future is much more fun than reacting to what others create and wondering what the hell is coming next.
Hence, QUALCOMM was always vastly more fun, interesting and profitable than stone age gold. Now you are getting the idea, up close and personal. And this is barely the beginning.
As I have explained many times over decades, mobile Cyberspace, and all that's coming, is bigger than not just sliced bread, the wheelbarrow, the industrial revolution, but all that was invented since and before, all the way back to and including the invention of DNA a billilon years ago. The industrial revolution replaced our muscles, mobile Cyberspace is replacing our brains.
What's happening is not just a bit of exponential fun, with digitalisation to disintermediate banks, central banks, this that and the other as Raoul seems to think. This is theological and teleological. We need to go back past the invention of DNA and all the way back to the invention of said Four Forces of the Apocalypse to get a bigger deal. The DNA was just a mechanism, like the typewriter, to enable the next stage of the move to consciousness and applied intelligence.
Raoul is in the camp of watching it happen and clinging on.
But I have news for him, and bitcoin, ethereum and Egod and as far as I know, all the rest. They are barking up the wrong tree. But there are some protocols being correctly adopted - proof of stake, control by the token holders, for example.
The idea of burning energy to limit mining is insane. And that was my first and main criticism of bitcoin when it was first announced. But there's plenty more. Warren Buffett and Charlie Munger didn't make valid criticism that I have seen. Sure, enabling kidnappers etc is a bad thing, but cash did that for them centuries ago.
It's going to be shocking when the $3 trillion in blockchain money goes to zero. I guess that will be hyperinflationary = it will take thousands or millions of bitcoin to buy a Tesla instead of just 1 bitcoin.
Raoul has got the right general idea. This is very very very big time. But as with so much in life, things have to be done right to succeed.
He was very informative for those who are wondering what the hell is going on. Very good. This is not just a passing fad, which some maybe think it is.
A couple of decades ago, I suggested that [in Christian terms] this is nothing less than the Second Coming. Note carefully, the Roman Empire crucified [literally] the First Coming. The Federal Reserve, Congress, President and Pentagon, CIA, NSA and the rest will not take kindly to being usurped. Crucifixion will be certain. But I have a plan = they won't want to crucify themselves.
Christians mostly[I guess] expect a bearded bloke in robes will be the Second Coming, but I expect a more metaphysical mechanism of individual consciousness versus The State aka Big Brother.
Mqurice |
