There is No Early

Max Hillebrand interviews a guy named Boris here and they have a good chat about psychological effects of growing personal wealth of Bitcoiners in society. Missing out, victim hood politics and toxic bullshit. As the price hits 13000 USD again its starting to feel impossible for new comers to get a whole bitcoin and feel like they are get ahead in comparison to early adopters. Inequality starts to appear in a way that the invention of bitcoin is supposed to prevent. My thoughts are that there really is no early adopter advantage there is only acting in the now. At the time it was risky and now it is more safe. Saving for the future is always hard in the now and you only need to put away what you can. There was a time when it was cheap in the past and then there is now. Bitcoin is not designed to end, but even now we can't be sure what the future holds. So in many ways it's much the same as it always was. 

Altcoin Winter

It's cold and it might be an altcoin winter. It's a thing now. Bitcoin dominance is up to 57% from 34% a year ago. It is still not at the 80's where it once was but it is heading in that direction. Also you have to consider weather bitcoin Cash, Bitcoin SV and maybe even Litecoin should be considered part of the cohort.

https://coinmarketcap.com/charts/#dominance-percentage

Inflation is Destroying the Environment.

With all our protesting and individual efforts, guilt and expensive lithium filled electric cars, it seems so difficult to change the our path to environmental destruction. The kids are going on strike for global warming we are voting in green parties, and governments are pouring money into green initiatives, windmills and solar farms but nothing seems to improve.

There is hope however, one policy change could make a huge difference. 

The world marco-economics are set up to push against the environment by encourage unnecessary consumption. This is done through a 2% inflation target in the USA and there are trillions of dollars behind it making it a formidable force. It is no wonder that we cant stop buying things we don't need.

It is obvious that monetary policy affects the economy and that this in turn affects the environment but it is not a prominent idea in mass media. Inflation make it hard not to drive your big new car to the shop and buy consumable landfill items from the other side of the world. Deflation makes it easy by providing a stronger financial intensive to spend wisely and save.

A big part of they key to our global environmental predicament could be in the math. 2% inflation = 2% more unnecessary consumption = 2% less considered investment = 2% world wide environmental destruction.

0% inflation targets make more sense and deflationary currencies like bitcoin are a solution here.

The Bitcoin 10x Card

With a bitcoin gains of over 50% this month and new volatility it certainly feels like the good old 10x card or the 1000% type gains that we have seen in previous years is still on the cards for the years ahead.

Get On The Bitcoin Train

The Bitcoin train is charging up again. You never know it may not stop at these stations again.

Holding over 8K and Still Underground

Hanging with friends the other night in the mine. Still as cipher punk as 2013, but now the price has rebounded and established over $8000 usd not 100. If it keep climbing this mine might actually be worth while, either way we are honing our skills

J P Morgan Capitulation

The big suits are starting to see the beginning of the end and are planning to jump on board, creating their own crypto-currency. It won't work out for them but it is bullish for bitcoin. Peter explains it best.