That's the problem tho. They were the early adopter in public cos. What would happen with broad participation? $1MM coin would be self-fulfilled.
Last quarter was spectacular. EPS (USD)Reported Aug 1 Expected -0.02 Reported -0.76 Surprise -3,444.19% Revenue (USD) Expected 121.99M Reported 111.44M Surprise -8.64%
It seems bitcoin is a forever printing press. I guess we should all drop 70,000 tonight and become millionaires in the next 365 days since it seems bitcoin is never going to drop due to its 21,000,000 supply.
I have 21MM units of neutrinos in a little box. The fallacy of scarcity. Elasticity of demand is taught in HS-econ FFS.
Vol as synthetic time (VAST). Mnemonics are great. Premium is sticky due to CC so vols have to rise. 126 last.
You have to admit that it was brilliant. PoW, the halving mechanism of the block reward. It surpasses the internet in impact with almost zero utility. Brilliant math that convinced the masses that something with zero tangible value can produce the greatest return on capital in history.