I expect the spectre of 30%-50% inflation in raw goods is scaring the wits out of Fed bankers.
Look for them to try to jawbone markets though. They always try this. It worked for years last decade. It'll work tomorrow, but it won't work for much longer.
He's saying this is a once-in-a-lifetime secular change. As a new de facto asset class, every pension fund, endowment, and wealth manager etc needs to hold some BTC and ETH on their books.
And, a necessary anti-inflationary posture is fueling them into it
I see your point of view.
I look at Goldman Sachs-trained dominance oriented investors, like Novogratz and his friends .
It might not work out for them in crypto in the long run. But I think they are going to try it until it completely fails on them.
A USAF isn't network consensus. It's a social-engineered event.
The threat of a USAF is just that- a threat.
BTC is normalized by Cancel Culture.
Its up there with 2013 when FB, AAPL AMZN/AWS, and NFLX surged in markets, laying out their future domination in the internet era
The 2021 Crypto surge: $1T BTC, the $200B ETH, the $30B-$40B alts BNB, ADA, DOT
Markets aren't everything but they do matter a lot toward steering outcomes.
Together, this an historic event only matched by the invention of Bitcoin itself.
meanwhile, even if ETH crashes, the cash-out already has ETH devs looking at 8 years of big paychecks, fancy catered lunches daily, sponsored weekend cafe meetups with 100s in the local area, adoring glory at conference appearances
which to pick?
put aside they are in front, BSV is at comparative ratios of 100 to 1 in headcounts, and closer to 1000 to 1 in capital now because of the DeFi 10x
CSW never talks BSV in a human money/cash context anymore
8-year-long slog ahead now for BSV Spartans
CSW passionate blog on the history and virtues of bug eating in 3 2 1
French InnovaFeed raised $166M for funding insect protein.
Imagine what $160M in application development funding around BSV could do.
Scaling up BSV usage would change the world a lot more than scaling up bugs for the food chain.
Is ETH adopting an EIP to use fees to burn ETH?
This benefits ETH elite at the expense of ordinary users.
That's what Proof of Stake is anyway, so they might as well go all in with nouveau elitism
Which is greater?
Number of token alternatives in BSV
Or
Number of Gov Cuomo groping victims coming forward ?
It’s a close call
Fabriik, Tokenized, Elas, sCrypt, Run, Matterpool
There are currently 9 coins between $3.7B and $3.99B
I got this from the news. What sort of young men talk like this about Spring?
“Definitely, no planned trips. Definitely wearing masks this year,” said B Stoneless, (name changed to protect the clueless). “We are kind of hunkering down and staying safe.”
If the freedom side doesn't control more hash power and transactions, we lack adequate influence on BSV's destiny.
The "We Will Tread" gang will censor and deplatform if we have no market force, just like they did in cloud and social media
What is more overpriced?
Theranos when it was $9 Billion for a fake product.
DraftKings today at $28 Billion on $1B in non-profitable revenue
/poll [Theranos,DraftKings]
I am concerned this tension between freedom believers vs authoritarians is going to boil in BSV.
I don’t believe that a token on top of BSV is an answer to that problem.
Input inflation in raw materials since Biden was elected, roughly
Lumber 30%
Copper 32%
Iron Ore 40%
Tin 75%
_________
GTFO 100%
Being first doesn't matter much over weeks or even months while BSV's main issue at this time is lack of network demand. So being early to a market of negligible demand from a marginal amount of users is mostly irrelevant.
I'm glad to see competition tho
watch out , most 401K funds are loaded with absurdly overpriced internet-related stocks, example DraftKings.
