The CNBC set erupts into an argument when Joe Kernen told Nassim Taleb, “You’re losing your ass after telling me Bitcoin was useless at $30,000.”https://m.primal.net/JqFb.mov
His books are necessary reading IMO, also recommend material from his partner Mark Spitznagel. These texts ironically teach you not to listen to everything he says or does. No heroes in this game.
“Software socialism” 👌🏼. Damned if you do, damned if you don’t. Keep building cool shit for a community you care for and fight to keep your vision + values as you walk the path. Capitalism in software isn’t inherently bad… the need to make something profitable generates hardcore product feedback. Those in the arena do have a responsibility to manage incentives vs vision and this isn’t magically going to go away on a Bitcoin standard, though I hope it will get easier to align without fiat.
Great post, cheers Shawn
👀
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Not a fan but this is a REALLY dumb statement by DeSantis- of course Minnesota was ground zero… that’s where George Floyd was killed
Damn. I had tried it on mobile browser originally and it worked despite my hesitation. Now had the app downloaded, account set up, and put it on my to-do to play with / figure out e-cash using Mutiny. Too bad- but I wish them the best and am confident this community will come up with equally cool things in due time.
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Careful with googling things that I post lmao.
If y’all ever get lucky enough to see this guy work you’ll understand
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This is a decent summary of why even though #bitcoin is a risk asset for some and may shed part of its own over-leveraged value during this process, it is still fundamentally the best exit option. It’s hard to see for the outside world, but dollars/etc are losing this position to BTC and heck maybe even Gold too right now.
…Also currently of the opinion that there are relatively way more buyers of Bitcoin below or around $50k (as we’ve seen recently) than there are buyers for the S&P below $5k.
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This I feel is true but the dominance of passive strategies has amplified the volatility and is the underlying structural issue why the markets are high and distorted in the first place
And in a thin passive-dominated market this has disproportionate effects
The market is mostly held up and has been inflated by passive index funds regularly funded by employers/employees 401ks that basically hold all the same stocks, once the inflows stop/reverse enough not to support the artificial valuations that’s the tipping point… and we’re getting close to that if not there now. Ponzi market
This guy fucks.
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The Gentlemen movie or series by Guy Ritchie if you haven’t already
Study pole vault. Study Mondo. Lessons in there.
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