To: TobagoJack who wrote (168853 ) 2/22/2021 7:57:04 PM From: Maurice Winn 3 RecommendationsRecommended By 3bar marcher SirWalterRalegh
Read Replies (1) | Respond to of 219166 Food for thought. zerohedge.com The constitution of the many United States is interesting with many degrees of freedom. The Green$pan Put is under great threat. It's interesting that his early days were as Mr Gold Standard, morphed into Mr Irrational Exuberance, morphed into Green$pan Put, swapped out for Helicopter Ben. Now full scale deflection Anything Goes Yellen and Pixelating Powell. Less moored to reality than bitcoin which at least has a boundary condition = 21 million. Note that 21 million is half the answer to life the universe and everything = 42. In financial relativity theory, E = mc2 that equation works because half the mass goes one direction and half in the opposite direction. Energy = 1/2 mv2 for energy of a mass, at velocity v. So, converted to light and with conserved momentum, half goes one way and half the other for energy = mc2. That is 2 x 1/2 mc2 With bitcoin, financial energy E = sum of debit and credit. Somebody owning a bitcoin needs an equal person wanting to acquire that bitcoin. That's how value exists. 21 million debit + 21 million credit = 42 million total = life the universe and everything. That's why Satoshi san chose 21 million. I just made that up but it does prove the mathematical and financial physics for bitcoin. Unlike the absurd US$ which is bounded by nothing other than electoral insanity, combined with political greed, stupidity, ignorance, emotional instability, lust for power, envy and malice, bitcoin is pure with the answer to life the universe and everything built in. But I hasten to add it is an absurd design with vast energy cost and data obsolescence built in. It's like an infinitely long DNA twisted pair. Nature eliminates inefficiency. So USD is doomed, but bitcoin is in trouble and also doomed. Proof of work is a bad idea. Play on.... Mqurice