This is the way.

Greatest Motorsport on earth or complete insanity?

A long time ago, a great man and palaeontologist taught me that mass extinctions aren't caused by meteorite impacts or volcanic activity, they're caused by connectedness and complexity. Over time, the living things of this planet become more connected, complex and interdependent. Competition means that the strongest survive and those that get the most from their environment go on to success. As time progresses the interdependence becomes greater BUT this makes life less resilient to change. Of course, meteorites and volcanism can cause extinctions. However the history of the planet is littered with possible extinction events which seem to have had little to no impact on life whatsoever. At other times, an event can wipe out over 80% of life on the planet. Afterwards, connectedness and complexity is decreased as the simpler life forms prove to be best able to survive the dramatic changes to the environment. Then the whole cycle starts all over again. I think of the economy like this. Over time, people find increasingly complex ways to squeeze a little bit more out of their piece of the pie. Sometimes the economy can shrug off a crisis. At other times, a tiny prick can pop the bubble. Great depression. Dot com. GFC. I don't think the sovereign debt bubble can take much before it pops. Can't tell you what will cause it, or when it will happen. But my gut says the next mass extinction event for the global economy isn't far off.

Fwiw my take on this #bitcoin pump is that it's just a bit of a shift in sentiment combined with smashing some shorts. Lots of people have complete belief in bitcoin as SoV and the bedrock of some future monetary system but they're also willing to wait on the sidelines rather than drop every spare dollar/euro/pound into sats, and the threat of an etf driven megapump making corn more expensive has moved the fomo slider. Can go the other way (though I don't think it will). Stay humble. Stack sats. Keep building. Tbh if you see BTC as a way of making you rich rather than bringing a non-corrupt medium of exchange and store of value to millions, and increasing the quality of life for billions by bringing more people into a fairer financial system, then you're missing the point anyway. R

I always forget to post on here and I'm fairly sure nobody follows me. But look at this! Zap me if you can see the enterprise.