The Party is far from over…

With stock markets plunging this past week, the conventional wisdom is saying that we are due for a sharp pull back in equities, citing various factors such as a potential win by the Democratic Party in the 2020 elections, and even the coronavirus being blamed for disruptions in the supply chain of global manufacturing. At […]

Plato’s Allegory of the Cave and Bitcoin: Identifying the Shadows and the Responsibility to show the way to the Light

In Plato’s Allegory of the Cave, the story goes that a group of people are chained to a wall inside a cave, where they see shadows projected on a wall in front of them. These shadowy projections are made from objects moving in front of a fire behind the prisoners. Therefore, the shadows are their […]

When the Wall Street Journal gets it wrong, it’s time to start behaving like a contrarian

When the WSJ editors allow this to be published, they may as well just say “we didn’t bother to do any research, but the sentiment seems bad so let’s get something written up from a skeptic’s perspective, so we can stay relevant”. Writing for the WSJ, Paul Vigna writes that Bitcoin is like ‘private money’ […]

A thought experiment: Bitcoin volatility and jump rope

The internet has made a certain argument against cryptocurrencies loud and clear: it can never be used as a reliable medium of exchange if its price will swing wildly one day to the next. Volatility is only for the traders who can manipulate the market with pump and dump schemes, making cryptocurrencies nothing more than […]

Her First Starry Sight

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 […]

What a piece from 2011. The “Fall” never happened… read on…

The Rise and Fall of Bitcoin | WIRED https://www.wired.com/2011/11/mf_bitcoin/

Why Bitcoin Mania is completely justified and is nothing like tulip mania or dot-com mania or the housing market mania.

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 […]