I just rearranged my crypto exchanges assets (BTC, ETH, ICP, CSPR, DOGE, cash/near-cash) to be more evenly placed amongst my four exchange accounts in case any of the unregulated exchanges go poof.
The overall cash / crypto ratio is about 1:1, with intentions to stay still in BTC, and add ETH, ICP, CSPR and DOGE at some screaming-buy juncture, and likely before full onset of summer, and certainly before the end of summer.
Three of the four exchanges I use feature tokenised equity shares, including BioNTech and Coinbase and Facebook, and am very intrigued about these 24/7-traded equities.
Am in awe in how easy it was to zip assets around the net by way of the tokens. Whoa!!!
Interim conclusion: the banks shall be wet-worked and disappeared, especially once borrowing, lending and trade financing tokenised. The future is very extremely bright, irrespective of Fourth Turnings, TeoTwawKis, and Darkest Interregnums.
We held BBQ gathering comprised of an Italian / Japanese couple, and a Russian / Bulgarian (or Romanian?) couple, and their respective kids.
The kids had to do normal play before dinner of nerf-gun battles up and down stairs, and in the garden but away from the grill. After dinner they were (altogether 4 boys including Jack. The Coconut ducked on on Junior Prom night of table games and music at the school) allowed to sign on to internet with our two Windows-based game rigs and two lap tops brought over by the two families. Their conversations together with some of their friends from school but on-line went something like,
"watch my back!" "watch out, behind you!" "sniper on the tower!!" "drone coming!" Italian guy has been doing institutional real estate in Japan and China since forever
Russian guy is CEO of a bank
Russian guy reports that all-normal in Moscow, people going about their business and mostly without masking. He thought the pipeline hacking in USA was an inside job by sanctioned state-level actors. He is positive on BioNTech shares, thinks there is possibly another double, meaning CoVid not going away where folks do not follow rules, and insist on using non-traditional vaccines.
Italian guy reports that Japan in serious trouble, and must stop the Olympics but cannot, with local folks having trouble going to certain hospitals as space being reserved for would- / could-be visitors. But should Japan stop the Olympics, IOC needs to agree, else costly, but either way, whichever way, costly.
Both are of the thought that QE / MMT / UBI / etc etc shall rage and go out of control. End-game is a known, and timing unknown and unknowable, but likely not soon. Both like moderate/modulated amounts of gold. The Russian knew much about BTC and less about other coins. The Italian knew not much. Both noted down the MIT on-line lecture series by Gary Gensler for viewing later.
The Italian guy follows Martin Armstrong, and the Russian fellow was curious so I switched him on, printed out some reports for his summer reads. |
