Bitcoin: my answer to the repeated questions. No, there is NO way to properly short the bitcoin "bubble". Any strategy that doesn't entail options is nonergodic (subjected to blowup). Just as one couldn't rule out 5K, then 10K, one can't rule out 100K. Gabish?
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Bitcoin *is* the best. Don't believe what the proponents of all the other altcoins tell you. Their "better" features come with significant, prohibitive trade-offs. For years many have tried to do a better crypto-currency. We still know no better way.
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Most altcoins are neomania in my opinion. They are just a new option in the Bitcoin space to get people excited
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I will just say "I dont know" and let time work on it.
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Betamax was better then VHS. Yet VHS prevailed in its time. Many things better then gold, yet gold has held a spot for over 7000 years... Hahaha
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Exactly and what we are seeing is a convergence, hence the huge demand. Same with the QWERTY keyboard, but nevertheless we did switch to the wireless keyboard from the typewriter and pen
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I would argue altcoins are Betamax
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Then you have to put your money in the alts
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I have been thinking about this "Good technologies replace much more fragile technologies of the past" and I am not sure this can be a blanket statement. New Technologies can be inherently more fragile by increasing productivity and hiding risk. But I get your point.
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Right, we can’t really be sure if the new technology is “good” in that sense until time has proven its mettle
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Exactly. I wasn't trying to nitpick but your underlying premise is valid.
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Okay, I think I see the confusion, hey it helped to clarify!
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I am not sure if this was Blockchain/Bitcoin intention "initial conception was to destroy the fragile central banking and soviet-Harvard illusions of collective control."
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Getting rid of “trusted third parties” and currency debasement is what I’m referencing
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It’s in the original whitepaper sooo
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