What is money? This is what a bank director (Argentarius) tried to explain to his son in twelve letters “On Money” in 1921. One of the most brilliant and comprehensive books. A short thread Shout out to @MichaelAntonF for the book recommendation. Money is the embodiment of a claim to Read more…
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This is today’s Turkish Lira. 10% drop in a big country’s national currency. Like Greg Foss says: People forget that Turkey is a G-20 country. This could never happen to a G-7 right #Canada? The Argentine Peso lost 80% of its value in the last 3 years. The Turkish Lira Read more…
The tortoise had understood the power of the DCA strategy. Sylvain Saurel wrote this article about the life lessons of the Tortoise and the Hare. He never mentions that it’s an Aesop’s fable which is very weird and goes to show you about education. Nevertheless, it’s a nice analogy, and Read more…
J. Peterson dropped the best lowkey insult to fiat economists, central planners and „scientists“. Asking @saifedean: Why were you not deceived like others by economic modelling? Maybe it’s because of your engineering degree. Because engineers like to build things that work. Watch the video: If you’re as convinced as Jordan Read more…
This tweet shows a very promising outcome for bitcoin. In simple terms, how big can bitcoin possibly get? Well, in today’s dollar terms, basically 10 million USD per coin, meaning it will engulf everything. Maybe it’s time to get your hands on some bitcoin in case it catches on.
Peter Schiff claims that gold is the best hedge against inflation. But the numbers tell a different story. Now granted, the market cap is a flawed metric, but it really does say something in this scenario. Here’s a great tweet: „#Gold is the best hedge against inflation.“ – @PeterSchiff QE Read more…
Trader University explains in this video how the current fiat overindulgence can send both physical and digital stores of value to the moon, as we say on twitter. Here’s how to buy bitcoin. And here’s how to buy gold.
BITCOIN WILL TURN THE WORLD UPSIDE DOWN! H/t @selfbankt The single major issue I find when discussing bitcoin with other people in Europe is that they don’t see it as a revolution. To them, it’s just another electronic payment system like Paypal, Visa, Mastercard, or USA’s Venmo. Even for remittances, Read more…
Sergii Sokoliuk wrote a nice series of tweets about common bitcoin myths. https://twitter.com/SSokoliuk/status/1442458052825862144?s=20 All I knew about Bitcoin was its price. Then I took a crypto deep dive week. Now I believe it is the future of everything. Here are simple myth-busting analogies that helped me to understand $BTC “What Read more…