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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (171292)5/7/2021 6:52:10 AM
From: Maurice Winn1 Recommendation

Recommended By
kingfisher

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Bitcoin is electricity consumption pixelated. Gold is made out of oil. US$ is bullshit made out of blather, borrow and hope. Etherium is getting warmer as a unit of value = no deliberate waste of energy and creation of entropy. But still just a half way house. For now bitcoin, electricity wrapped, is better than or at least more relevant than gold, electricity solidified.

Note bitcoin being voted down while etherium is voted to sky's the limit. There are swarms of blockchain cryptos. They are worse than fiat currencies. Ethereum will soon exceed bitcoin.

Money is a matter of lingua franca. Best one wins. All the silly local yokel languages go extinct. Many people try to salvage them, or reinvent them, which is daft. Stone age languages without redeeming merit of alphabet and other sophistication are pointless, like monkeys drawing signs in dirt with sticks. Useful at the time but no good now.

Big does not mean best. US$ has very dramatic horribly hideous failure modes, mostly to do with prolific pixelation of self-dealing looting by those in charge via dilution. Bitcoin is biggest of cryptos but has obvious inefficiency and other design failures. But it did prove that a unit of value can be created out of thin air, contrary to all expert economists but which I did not believe because it was obviously daft [baseball cards for example have collectable value and they are just bits of coloured cardboard].

Mqurice
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