I'm all for discussing content. This is a good start to understand the basics about the invention of Bitcoin as the hardest money humans have come up with. Soon to become harder than and surpass the gold standard. https://saifedean.com/
Well, you was complaining about the site aesthetics !! Karl Denninger is a piece of work ( rude, nepotist, egocentric, megalomaniac, etc) but he does bring some good points up. And yes he is ( kind of ) smart. If you read what he wrote, good. Than go to the comments. People which went through some very peculiar economical experiences in other countries shared some very good insights. We are moving ( forced to move) more and more away from tangible stuff. From producing food to having to buy food. From metals to paper money ( fiat or whatever), than to plastic money ( credit/debit) etc. In my opinion the next step is virtual money as it is currently called cryptocurrency. In each stage from tangible to virtual we are losing control. Cold hard cash can still give you some privacy. Not much but still a little. In my opinion as soon as we go full blow virtual, in a cashless society slavery in some form will be reestablished. Thats my opinion.
The narrative of crypto facilitating illicit activity is a bit disconnected from emerging facts of what is actually the case. https://cryptocurrencytalk.com/topi...0x-lower-than-fiat-money-laundering-research/ At some point, after doing some due diligence, you might actually understand the value proposition of bitcoin and how it actually aligns with the various points you have illustrated. Bitcoin transfers the sovereignty of state to the individual - that is the basis of a anonymous permission-less decentralized immutable public ledger.
TV was going to kill radio. It didn't although radio certainly is a small amount of total listener and/or viewership. Same with cable killing broadcast. And then the net killing cable. And the next new fangled gadget or software killing the net. Rinse, repeat.
Well.... each one is entitled to his own opinion. I align myself with Ray Dalio in the view that the next big down will be the one which will mark the end of a long term cycle. Things will get really REALLY ugly!! I'm betting in gold and silver. Time will tell.
I'm also thinking the the end of a long term cycle approaches and it probably will be real ugly. I'm just not so sure how much precious metals, or other alternative forms of money, will help deal with it.
I'm not making a prediction, but if things get real ugly, it is possible the old adage of when you can't sell what you want to, sell what you have to, comes into play, short term even the precious metals will be sold. Especially now, with all the leverage and debt, and all the intertwining of commodity ETF's. There is ample precedence to support this counter intuitive scenario. However, this would only be short term with the PM eventually going on to make new highs. As far as the Gold vs. Bitcoin thread, one of the most disconcerting things for me is the GBTC, the publically traded BTC trust. The complete avoidance of this instrument by any major institution or bank, really raises a red flag for me. In this market environment, if there was a real value in BTC, the market and the afore mentioned would be all over this instrument like white on rice.
I’m a fan of Ray Dalio. I especially enjoyed his simple and artistic ‘UnderStanding the Economic Machine.’ Since you are a gold bug, I’m curious of your strategy of when history repeats itself like when FDR suspended the gold standard. Through the use of executive order he banned the private ownership of gold forced Americans to sell Gold to the US Treasury at $20.67oz.
Why? It’s an active fund that charges 2% and goes against some of the core principals of BTC’s value proposition.