June 27, 2019

Bitcoin

I don’t even resemble an expert in cryptocurrency, but my gut says the whole thing is some sort of mass delusion. I mean, read Twitter after any price fluctuation (up or down), and it’s wall-to-wall rationalization.

These people are just so deeply enamoured with the idea of crypto that they seem to have lost all sense of reason. I don’t want to call them crazy, but I kind of do.

Anyway, I own a little Bitcoin, Etherium, Litecoin, and one other that I don’t remember. I don’t spend more on it than I can afford to lose, but I admit to hedging my bets with the upside potential.

It’s sort of a Pascal’s wager in that if I’m wrong, I still win.

It’s just that my timing is, as always, terrible.

Bitcoin graphBitcoin graph


crypto


Previous post
Facebook, Libra, and the Long Game (Ben Thompson) Ben Thompson, Stratechery: Here is the important thing to understand about the Libra Association: while its members — who again, are the validators
Next post
Pinning Butterflies Eli Mellen: Question: what is to be done with the stuff after it has been cataloged and stored? Are we pinning butterflies for the sake of pinning