Re: Ethereum chief warns cryptocurrencies could 'drop to near-zero at any time' ....
This is always true. That's why you should only invest whatever amount you afford to lose.
Ethereum chief warns cryptocurrencies could 'drop to near-zero at any time' .....
Read more and click more links at https://www.themaven.net/mishtalk/economics/ethereum-chief-warns-cryptocurrencies-could-drop-to-near-zero-at-any-time-https-www-lkU2CtorvkypMKt-x6FFUQ.
22 hrs
"Buterin donated $2.4 million in ether to the SENS Research Foundation."
Well there you go, if Ethereum does do well then we all get to be immortal. Hoorah.
22 hrs
Regardless of how well Bitcoin and Ethereum does, cryptocurrency is an antifragile movement, it may be severely weakened by events but it's never going to go away. It had a value long before finance got involved with it (I still remember when a bitcoin was worth 50$ and I couldn't believe it then), and it survived the collapse of Mt. Gox back in 2014, which was the real test of its ability to hold value, not the 2017 bubble, and it passed.
Decentralized cryptocurrency is going to supplant centralized banking currency and NOBODY is read for how severely this will weaken the authority of sovereign states (except maybe the crazy InfoWars crowd).
https://medium.com/opacity/bitcoin-1537e616a074
You're a genius Mish, but if Taleb gets behind something, then I've got to side with Taleb.
Bitcoin Opacity Medium
Let us follow the logic of things from the beginning. Or, rather, from the end: modern times. We are, as I am writing these lines,
medium.com
In any case, they can't short the 2017 bubble.
https://www.marketwatch.com/story/nassim-black-swan-taleb-says-bitcoin-cant-be-shorted-properly-as-futures-debut-2017-12-11
Nassim 'Black Swan' Taleb says bitcoin can't be shorted properly as futures debut
The debut of bitcoin futures is getting all sorts of attention this week, and Nassim Taleb has weighed in with his two crypto-cents.
www.marketwatch.com
22 hrs
https://www.cryptogrind.com/
https://www.xbtfreelancer.com/
https://www.deepdotweb.com/
"Buterin donated $2.4 million in ether to the SENS Research Foundation."
Well there you go, if Ethereum does do well then we all get to be immortal. Hoorah.
22 hrs
Regardless of how well Bitcoin and Ethereum does, cryptocurrency is an antifragile movement, it may be severely weakened by events but it's never going to go away. It had a value long before finance got involved with it (I still remember when a bitcoin was worth 50$ and I couldn't believe it then), and it survived the collapse of Mt. Gox back in 2014, which was the real test of its ability to hold value, not the 2017 bubble, and it passed.
Decentralized cryptocurrency is going to supplant centralized banking currency and NOBODY is read for how severely this will weaken the authority of sovereign states (except maybe the crazy InfoWars crowd).
https://medium.com/opacity/bitcoin-1537e616a074
You're a genius Mish, but if Taleb gets behind something, then I've got to side with Taleb.
Bitcoin Opacity Medium
Let us follow the logic of things from the beginning. Or, rather, from the end: modern times. We are, as I am writing these lines,
medium.com
In any case, they can't short the 2017 bubble.
https://www.marketwatch.com/story/nassim-black-swan-taleb-says-bitcoin-cant-be-shorted-properly-as-futures-debut-2017-12-11
Nassim 'Black Swan' Taleb says bitcoin can't be shorted properly as futures debut
The debut of bitcoin futures is getting all sorts of attention this week, and Nassim Taleb has weighed in with his two crypto-cents.
www.marketwatch.com
22 hrs
https://www.cryptogrind.com/
https://www.xbtfreelancer.com/
https://www.deepdotweb.com/
Read more and click more links at https://www.themaven.net/mishtalk/economics/ethereum-chief-warns-cryptocurrencies-could-drop-to-near-zero-at-any-time-https-www-lkU2CtorvkypMKt-x6FFUQ.
On the other hand, put everything that you own into trust. The take out a bunch of loans and default. Besides, since loans are not really loans, but creations of new money, there is little that is immoral or unethical about it. In fact, defaulting might be the most ethical and moral thing to do.