Capital is generated in a top down fashion, central banks, commercial banks etc. This is clearly unsustainable. Bottom up capital generation in the form of tokenized communities, DAO’s, businesses etc wherein value is assigned by productivity gains. This is bottom of capital generation wherein the “currency” ebbs and flows based on actual economic activity. The top down model is USSR 2.0. Tokenized communities are a simple bolt on procedure with zero barriers to entry. As simple as building a Facebook group you’ll build a token addon, some for social with little to no swap functionality. Or high value tokens. Their will be trillions of tokens, with a broad range of value. You surely should take another look at what’s really happening behind the popular news. Bottom up value creation is exactly what all the old timers on here want, not more central control.
I see. Like mining for precious metals. Been going on for thousands of years. Doesn’t need any more “acceptance” than it already has.
Fiatcurre…
1 year ago
Mish is a secret Bitcoin maximalist in the making
FromBrussels
1 year ago
As if western Central Banks policies were not enough of a fraud in recent years , the Modern digitalised Mafia came up with fn crypto’s, NFTs , and other figments of imagination luring the next greedy fool into the ultimate virtual, (yet very real when you lose your money), Ponzi Scheme trap….lol , idiots always get what they deserve …..and yes I know some got filthy rich playing the game, just like some playing the lottery for that matter…..
Delightful. Most of the electricity to access said farm is not ‘green’, doubtful that the hardware on either end was produced in a ‘green’ manner, and presumably the waste heat isn’t disposed of in a ‘green’ way and is thoughtlessly dumped into the atmosphere. If those servers weren’t there, then the energy could be used to charge vehicles and electrify businesses and homes!
Doug78 is onto something, but as Kermit lamented it ain’t easy being green.
The green attack vector is a lame attempt at capital controls. Sober up
RonJ
1 year ago
“Bitcoiners are incentivized to upgrade the degrading electrical grid.”
I wasn’t aware that bitcoin miners were installing high voltage electrical grids, to upgrade the system. Oh, they are not? Well, they better get started.
Every generation has its speculative ‘investment’. It can only go up. Until it can’t.
Doug78
1 year ago
Russia has a lot of cheap energy to burn so in principle bitcoin mining would still be possible there. It would depend on Russia importing a lot of electronic equipment and setting them up. That doesn’t look to be happening The only drawback would be selling the bitcoin for hard cash so they could mine bitcoin and add it to their reserves. They could use it to pay for imports or maybe even demand payment for gas and oil in bitcoin. The problem is that some governments, actually about all the big ones, do not want bitcoin to prosper.
Tony Bennett
1 year ago
dxy > 107
Good luck Emerging Markets in getting $US to service your debt (denominated in $US).
Meanwhile, 2yr and 10yr yields inverted. Again.
Tony Bennett
1 year ago
“I suggest a new battle cry: “Save the Environment, Stop Buying Bitcoin!”TM”
…
Don’t stop there.
Federal Reserve has been duplicitous supporting “Green”.
The past 12 years of running ultra loose monetary has fueled mal investment. Writ large.
Rather than fueling the Everything Everywhere Bubble, snug financial conditions would have allowed sustainable moderate growth. Which should be the policy of a (well) Developed Economy.
honestcreditguy
1 year ago
well, bitcoiners are learning all about how much it takes to mine……learning the hard way is not easy but its very best way to learn about speculating and limits
KidHorn
1 year ago
Let me know when you can pay US taxes in crypto currency.
HippyDippy
1 year ago
Disclaimer: I’ve never bought any crypto, nor do I ever intend to buy any crypto. I’m way too absent minded to trust my fortunes to my ability to recall some long series of numbers to unlock my wallet! Also, I don’t trust it. Internets can be shut down, as well as the currencies themselves. Remember those liberty coins the state went after some 15 years ago? Probably not, but they did. I know I missed out on a lot of fiat dollars, but one can’t go chasing every opportunity out there. Real fortunes aren’t made in speculative investments anyway; they’re made in the ideas you bring to life. Which is why I say that investing in yourself is a much better environmental decision that bitcoin! I do love it when those crypto messiahs get some of that smug slapped off their faces. Good job Mish!
its a tough sector but biotech does have some greater good investing embedded in it…..everyone has a friend of family member who has had cancer or ALZ, dementia etc. Plus it was beat up way ahead of market and is now the most bullish sector
Yet, what is my rate of return on an idea originating from my own mind that I’ve implemented? I look at investing in the areas we are guided to investing in as not trusting my own ideas. That someone else is better at generating prosperity for me than I am capable of for myself. Maybe if I have so much money that I don’t know what to do with it anymore, but that’s hardly the case for very many of us. You can look at the sectors given us or you can look to yourself. My personal opinion, not trying to force anyone into anything else. I would say that that sector you’re referring to is rife with a lot more corruption than you could possibly know unless you were intimately involved in it. Just what I know of the financial institutions, as far as corruption goes, is enough to have me shy away from them. All of those people claiming some special knowledge of the market, especially through the technical charts, rarely consider the corruption that really drives the instrument they’re speculating in. Those technical indicators always work until they don’t. And then the chartist gurus are back to eating Ramen! And before anyone claims I’m claiming some special inside knowledge, I’m still a wide-eyed baby as to the extent of it all. But I started out in a very shady sector of the financial markets as a broker in an investment bank. A lot like the ones described in the movie Boiler Room if you watched it with the director’s commentary. Which allows me to see just how things can be twisted on a much larger scale. Also it made it possible for me to see how corruption is built into the regulations. I’ll avoid all those institutions we’re guided to use. An investment into an idea that was birthed in my mind is far superior to any stock tip. Just my opinion.
Aduhelm was approved for Alzheimer’s patients even though the FDA review committee said it didn’t work. What benefits big pharma supersedes what benefits the patient. Just how did a dangerous drug, Remdesivir, become the hospital standard of care for Covid-19?
It wasn’t chosen for the benefit to the patient, it was chosen for the benefit to the pharma company. Remdesivir was the most expensive drug on the approved list, just as toxic AZT was the most expensive drug at the time, approved for AIDS patients. It was a horrible failure for patients, just as Remdesivir has been.
Biogen had someone in FDA to approve it, its why the FDA has stalled on PDFUDA dates and other scheduled events. Big pharma owns a bit of FDA and suppresses via hedge, dark pool and pe biotech companies to buy for pennies on dollars. No different than the PE that got bulk housing..
I invest in technology that has hope, large demographics to sell into, good management and in phase 3 with no safety issues. Aduhelm was part of the plan of take down that sector. COMPQ would have to see 7000 to be close to that sector sweep down move in biotech.
I’ve doubled my investment and up 40% in last 2 weeks…not bad for just a credit guy
Have fun. I’m just saying I’ve seen the beast as it is, and I want nothing to do with it. It’s the most regulated to ensure it’s the most corrupt. And just to stir the pot; Barbie dolls have beaten most stocks. You’re guided to certain areas of investment to serve those that created the markers a profit. Not your profit.
“The most compelling thing that I’ve seen today is the data from
Novavax, showing that their protein vaccine can elicit neutralizing
antibodies to the prototype strain, to BA.1, BA.2, and BA.5,” said Dr.
James Hildreth, president and CEO of Meharry Medical College. “Their
data seems more impressive to me than the data presented by either
Pfizer or Moderna. I just wonder whether or not it might be timely for
the agency to quickly review the data and make a decision to approve the
Novavax vaccine.”
Great phase III US trial results in June 2021, and now in use all over the world.
But Novavax is not approved for use in the US?
What’s good for Pfizer is good for America!
roncam
1 year ago
You better watch out. You’ll make the Bitcoin cult mad at you.
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Capital is generated in a top down fashion, central banks, commercial banks etc. This is clearly unsustainable. Bottom up capital generation in the form of tokenized communities, DAO’s, businesses etc wherein value is assigned by productivity gains. This is bottom of capital generation wherein the “currency” ebbs and flows based on actual economic activity. The top down model is USSR 2.0. Tokenized communities are a simple bolt on procedure with zero barriers to entry. As simple as building a Facebook group you’ll build a token addon, some for social with little to no swap functionality. Or high value tokens. Their will be trillions of tokens, with a broad range of value. You surely should take another look at what’s really happening behind the popular news. Bottom up value creation is exactly what all the old timers on here want, not more central control.
Mish is a secret Bitcoin maximalist in the making
Novavax, showing that their protein vaccine can elicit neutralizing
antibodies to the prototype strain, to BA.1, BA.2, and BA.5,” said Dr.
James Hildreth, president and CEO of Meharry Medical College. “Their
data seems more impressive to me than the data presented by either
Pfizer or Moderna. I just wonder whether or not it might be timely for
the agency to quickly review the data and make a decision to approve the
Novavax vaccine.”