Hell, how can you write that ? Arbitrary choice of units, comparing 1/16 000 000 of market cap
Most above ground gold never trades nor created. All Bitcoin has been traded or created within the past 8 years.
I wrote precious metals, and r0ach has been pitching silver, so compare the volatility of silver to Bitcoin (roughly the same).
https://btcvol.info/http://teucrium.com/files/pdf/commoditiesinaportfolio.pdfIt is amazing that you contradict your own prediction, which was brilliant, now that it is being realized: the scalocalypse.
No contradiction. I never predicted the scalepocalypse would mean anything other than what it means technically and the centralization of mining.
Bitcoin isn't going to the moon and will die and give away to something better just as will happen to Android, but not before move much higher in value.
The pattern of Android below is what crypto is going to do relative to precious metals:
Android has no scaling problem. I would rather say that in as much as this comparison is valid, you are looking at the evolution of alt coins, which are what android is like: many different flavours of the same idea.
Exactly. And Bitcoin is the reserve currency of altcoins.
Roach read
http://unenumerated.blogspot.ca/2016/02/two-malthusian-scares.html?m=1#linksWe are in the offloading gold stage by elite.. oil producers are buying by converting from oil.. malthusian event is over and commodities are set to collapse lagging behind gold. Now where oh where the heck is smart money going to start putting their money over the next decade in anticipation of industrial usage actually catching up and producing the next malthusian event? Hint its sure as hell not back into gold.. as that would not.be very smart
Excellent post. Plays right into the theme of my
Rise of Knowledge, Demise of Finance essay.