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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (166778)	1/6/2021 7:25:24 AM
From: Follies	1 Recommendation Recommended By Maurice Winn Respond to of 219481

This is well written. BTC is not yet money is the best way to express it. When the Euro replaced the Franc and Mark there was a time prices were quoted in both Euros and Marks. Eventually, and not too long the Mark was dropped because the price was stable. There is a 5% chance that eventually most things are quoted in BTC and USD and if BTC is more stable then it will be money. One problem I see is the BTC blockchain is not scalable to handle millions or a billion transactions a day. The on and off ramps will carry the load similar to visa, MasterCard or PayPal. Maybe Coinbase or Binance? If I have an account at PayPal and the merchant has an account at Coinbase, my transaction to the merchant will be between PayPal and Coinbase and be off the blockchain. Those transactions will be settled daily in a sweep and PayPal - Coinbase will have one big transaction at the end of the day.

To: carranza2 who wrote (166778)	1/6/2021 2:11:27 PM
From: Roads End	Read Replies (1) \| Respond to of 219481

I enjoyed the letter too. It added perspective to my growing understanding of BTC. The "Ah Ha moment" difficulty of adjustment was a nice story to explain away the lever of control BTC gods will use to control pricing. So what is the matter with the way gold tempers its production via market function? Dialing up prime numbers at will? Whose will? The letter is a sales tool for the product Stone Ridge sells and I find no fault with hanging the carrot out there with $100K or $1000K targets. After all, most also include $zero as well. No one hangs a $zero outcome for gold.