Every now and then, when Gäaldnéma got near an oceanic vent, she’d see hints of the Gaia’s power as the ground would crack and release high-pressure gas and lava into the ocean floor water. Sometimes, these cracks of energy resulted in a sparkling display of small bursts of lights, lethally dangerous and yet beautiful at […]Read More Her First Starry Sight
The Rise and Fall of Bitcoin | WIRED https://www.wired.com/2011/11/mf_bitcoin/Read More What a piece from 2011. The “Fall” never happened… read on…
Mania is irrational. You can’t deny that whatever is happening before your eyes is indeed happening but shouldn’t be based on all known rules and limits. When ever a rule is being defiantly broken and leading to success and riches (without anything tangible of value being produced), you question your sanity and everything you come […]Read More Why Bitcoin Mania is completely justified and is nothing like tulip mania or dot-com mania or the housing market mania.
As I mentioned in another post, BTC is not subject to the greater fool theory in the long run. This might seem stupid of me to say given the recent runup within the last 12 hours as of writing this post: it broke through 10,000 and then 11,000 a few hours later. This is parabolic, […]Read More The Next Bottom to get in on Bitcoin is the $8000 level
In short, the greater fool theory regarding investments refers to the the irrational buying of a product at foolishly expensive prices hoping that there will be another fool, a greater fool, looking to pay you more than you did so that that fool can find some greater fool to pay him more than what he […]Read More Why Bitcoin is NOT bound by the greater fool theory
Before you read any of my later blog posts about Bitcoin, it helps if you have some basic knowledge of what bitcoin, cryptocurrencies, and the blockchain are. A layman’s explanation is this: Bitcoin is a digital form of holding value. Another object that holds value is the money in your wallet and your bank account. […]Read More Bitcoin: a layman’s explanation
A very dear, intelligent, and a most inquisitive-minded friend posed a very thought-provoking question to me some time ago. What is the relationship of energy and value in the universe? How is energy and value determined around the universe? For those of you who know me, surely you’re aware of me being a fan to […]Read More In the universe, the distribution of energy is determined by…