Bitcoin goes up! Can 5 billion unbacked tethers kickstart a fresh crypto bubble?
The visible thumb on the scale of the market.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
The visible thumb on the scale of the market.
“I looked at his picture and thought, There’s something wrong going on with him.”
They want you to think they’re the next Steve Jobs. Somehow, they keep turning out to be Elizabeth Holmes.
“Submarines are like Bitcoin. The billionaires in them prove that billionaires aren’t very smart.”
The net interprets Elon Musk as damage, and routes around him.
Musk seems to think that if a four-engine jet can stay in the air on one engine, the other three can be sold for scrap. This turns out to be incorrect.
Personally, I plan to keep riding Twitter all the way into the ground. I’m pretty certain it will auger in hard.
Asset bubbles are fragile, but we still have Tether.
“Maybe your cryptocurrency is different. But look: you’re in really poor company. When you’re the only honest person in the room, maybe you should be in a different room.”
Bubbles grow until they pop. Timing the pop, that’s the tricky bit.