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The Lunatic Fringe - Trading talk.
- Thread starter Zed
- Start date
This is the negative stuff they float for Bitcoin. I think TPTB want to accumulate get the ETF live then slam the door.
https://www.bridgewater.com/research-and-insights/ray-dalio-what-i-think-of-bitcoin
https://www.bridgewater.com/research-and-insights/ray-dalio-what-i-think-of-bitcoin
For some strange reason the establishment keeps float articles like this.
https://www.barrons.com/articles/bi...ould-be-a-red-flag-for-regulators-51613764881
https://www.barrons.com/articles/bi...ould-be-a-red-flag-for-regulators-51613764881
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- Apr 10, 2010
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Dalio is pretty focused on capital preservation through non-correlated assets, so would make sense he is interested, but also cautious about bitcoin. I like his analogy of bitcoin being an option on a future. And good point about the 'scarcity' of bitcoin being a bit of a weak argument - it could be replaced by any other crypto with more use cases - ether being a prime contender for that.
Just a passing thought...
An "anonymous" network capable currency that can be transferred across borders without using any traditional or formal (aka government monitored, influenceable, controllable) channels has to become of concern to government in a time of rising international tensions.
What level do tensions have to rise to before they consider it a threat?
Consider this...
1. If you have a network deliverable product paid for in a network based currency how the heck do government get their cut?
2. If I import product can I use BTC to part pay the shipment and reduce the USD amount being billed and thereby lower any tariff? In other words how can BTC and the like be used to end run trade restrictions?
I really don't know how long this will run before it is considered a problem... but I can see issues coming.
An "anonymous" network capable currency that can be transferred across borders without using any traditional or formal (aka government monitored, influenceable, controllable) channels has to become of concern to government in a time of rising international tensions.
What level do tensions have to rise to before they consider it a threat?
Consider this...
1. If you have a network deliverable product paid for in a network based currency how the heck do government get their cut?
2. If I import product can I use BTC to part pay the shipment and reduce the USD amount being billed and thereby lower any tariff? In other words how can BTC and the like be used to end run trade restrictions?
I really don't know how long this will run before it is considered a problem... but I can see issues coming.
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The supply of Ethereum is not finite though is it? Look a lot of guys with wads of cash are buying this crap so I am along for the ride hoping to get out somewhere near the top. That's it. Only Bitcoin though but I know if you are very good and somewhat lucky you can turn some thousands into millions in $hitcoins. Not for me at this stage of life.
Peter Brandt put up a troublesome tweet concerning Bitcoin today. Seems like he wants it both ways now since two days ago he posted a parabolic chart of Bitcoin. Goes something like if govt could confiscate Gold in the '30's they can do the same again with another asset. Hedge much?
I think the Bitcoiners call that kind of stuff FUD. BTW he says he's a buyer at 44K. 13K south of here.
I love the concept.
I'm iffy on the execution...
1. The power consumption is ridiculous for a payment system.
2. The hard limit on supply makes it only suitable as a reserve asset and hinders it's use as money. WAY to deflationary.
3. It has no real official relationship with sovereign currencies, a big grey area for me. Vulnerable to policy change.
I would like to see a crypto that has...
1. A light resource foot print.
2. A logical provision for expansion inline with economic growth. i.e. Stable purchasing power.
3. A formally defined relationship with sovereign currencies or indeed adoption as a sovereign currency.
Just for starters...
I also like the idea of smart contracts, Ethereum is interesting.
I'm iffy on the execution...
1. The power consumption is ridiculous for a payment system.
2. The hard limit on supply makes it only suitable as a reserve asset and hinders it's use as money. WAY to deflationary.
3. It has no real official relationship with sovereign currencies, a big grey area for me. Vulnerable to policy change.
I would like to see a crypto that has...
1. A light resource foot print.
2. A logical provision for expansion inline with economic growth. i.e. Stable purchasing power.
3. A formally defined relationship with sovereign currencies or indeed adoption as a sovereign currency.
Just for starters...
I also like the idea of smart contracts, Ethereum is interesting.
~32K users now.
LOTS of physical porn posted, some good stashes as well.
https://www.reddit.com/r/Wallstreetsilver/
LOTS of physical porn posted, some good stashes as well.
https://www.reddit.com/r/Wallstreetsilver/
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Hmmmmm....
It must be tight.
https://www.bloombergquint.com/gadfly/how-to-sell-your-silverware-and-not-get-ripped-off
It must be tight.
https://www.bloombergquint.com/gadfly/how-to-sell-your-silverware-and-not-get-ripped-off
LOL.