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Something I've noticed: There's been some things that I initially thought were bubbles. But they seemed to work - I even started doubting myself. Turns out they
by benjohnson 6y ago
Something I've noticed:
There's been some things that I initially thought were bubbles. But they seemed to work - I even started doubting myself. Turns out they were just longer lasting bubbles.
- cryptica 6y agoThis is definitely something that I keep at the back of my mind. That said, my current world view is that the entire fiat monetary system itself is a bubble. In that context, cryptocurrencies are a lesser bubble and by virtue of their limited supply, they will continue going up in value as they are constantly propped up by an infinite supply of newly printed credit from banks. The cryptocurrency community's ability to continuously buy politicians and journalists also helps ensure continued dominance. Everything that's happening around the world now perfectly aligns with my world view. Guess who is going to benefit from the Fed's massive covid-19 fiat injections?
- mbrock 6y ago“This is how to contemplate our conditioned existence in this fleeting world:” “Like a tiny drop of dew, or a bubble floating in a stream; Like a flash of lightning in a summer cloud, Or a flickering lamp, an illusion, a phantom, or a dream.” “So is all conditioned existence to be seen.”