Mark E. Jeftovic is….
Most people who haven’t gone down the Bitcoin rabbithole yet don’t really understand the paradigm shift that has happened with the invention of digital bearer assets. They fundamentally change the nature of assets back to something that looks more like traditional capitalism.
If the folks at Davos always want to re-imagine and re-contextualize our lives, why can’t we do to the same thing to them?
The tension between Davos Man and the Sovereign Individual lays out two distinct pathways for the future. They will both occur, and which one you participate in will be largely self-selecting.
What we saw last month was a run on Crypto. We saw what can happen with no government backstop and no quality guarantees. We saw retail investors wiped out. We saw Crypto funds taking heavy losses.
But there was no government bailout.
Turns out Keynes was a Commie Awareness of the centuries old concept of The Cantillion Effect has been experiencing a revival of late, particularly since
A bald and slightly malevolent CEO isn’t the only common factor between the behemoths of Crypto and Consumer Goods. When looking at how to value Coinbase and trying to figure out where they are going, it is instructive to compare them to a once tiny internet bookshop that went on to dominate a diverse range of tech markets from Web Services to Home Security.
While the media manufactured a hysteria around “not your keys, not your coins”, they probably didn’t tell you the part where your government already gave themselves the ability to do this to your bank accounts years ago.
The reason for their visceral hatred toward digital sound money is because on some level, Buffett and Munger know that one of the major tailwinds of their stellar success has been the destruction of the monetary base layer. Bitcoin threatens this because it fixes Cantillon Mercantilism.
We’re past the “crypto is here to stay” phase and into the early innings of hyper-Bitcoinization. There will be no crypto ban, and Peter Thiel declared war on “woke” capitalism. Here are the five big takeaways from the #Bitcoin2022 conference.
It’s time for you to get on the right side of the tectonic shift called The Great Reset. Like it or not, it’s already happened, so you need to get started today: