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


To: TobagoJack who wrote (170576)4/16/2021 5:48:11 PM
From: Maurice Winn1 Recommendation

Recommended By
pak73

  Read Replies (1) | Respond to of 219492
 
Being linguistically precise and pedantic, bitcoin has been eating the world, mathematically speaking, rather than "is".

The present tense "is" with implied future tense is an ephemeral realm, subject to change without notice, with any moment in time being a possible cusp.

Especially when there are obvious failure modes that can happen at any moment.

In financial relativity theory terms, the future bitcoin reality is a cat in a Schroedinger box which might or might not be dead when the reality box is opened.

Today the bitcoin cat is alive, attacking the Federal Reserve and everything else. But tomorrow we open a new, uninspected reality box. We know that a LOT of gigawatts are going into said box. So much energy going into a confined box is black holey and not sustainable when much better mathematical forms are easy to imagine. When we open that box, we will find the bitcoin cat has turned to a hot mess and been cooked alive.

Speaking of which, the phrase “here kitty kitty” comes easily to mind, tulips or no tulips, irresistible. That is what black hole is supposed to be.

Mqurice



To: TobagoJack who wrote (170576)4/17/2021 1:25:01 AM
From: Haim R. Branisteanu1 Recommendation

Recommended By
pak73

  Read Replies (1) | Respond to of 219492
 
TJ you are mature enough to understand that BTC is nothing more than a speculative type of asset with no underlying value, it is pure fluff that someone decided to design a set of mathematical formulas for fun, to be resolved and in exchange to receive a code called bitcoin.

This is very different if a digital type of currency is issued by a CB of a valid country and a flourishing economy where transaction instead of paper denominated currency is totally "coded" denominated currency and to be easy to track down each transaction blockchain accounting is applied.