@BlondeBeerGodde @TommyThornton No need for that. Tommy is world class, you can’t expect anyone to get it right all the time and Tommy has certainly got it right a lot more than he has gotten it wrong.
@blockonomics_co @JWilliamsFstmed Completely throws the store of value argument out the window. +90% of people invested in crypto are in it for the price appreciation and will later sell crypto for fiat.
@blockonomics_co @JWilliamsFstmed Really? If warehouses of computers guessing numbers on a ledger to extract blocks isn’t out of thin air then I don’t know what is. How do you have 5000+ cryptocurrencies in circulation then if these assets can’t be made out of thin air?
@blockonomics_co @JWilliamsFstmed Not my point. I am merely inquiring about the ‘store of value’ argument due to limited supply factor. If anyone can create similar crypto assets to bitcoin out of thin air how does that imply a limited supply factor? You can’t make up PM’s like gold out of thin air
@JWilliamsFstmed A quick question for the crypto community. What differentiates and gives value to cryptocurrencies? I hear the arguments of limited supply which puts it in the same category as gold but gold cannot be duplicated via a computer the same way cryptocurrencies can.
@StredzzC@TuurDemeester What’s a DEX? The issue is that coinbase, kraken etc are all cut off in Egypt and there is no way to deposit funds into the account. Derivatives aren’t an option either
@wesbury Building permits figure crashed in late 06. ISM PMI bellow 48=100% chance of recession according to historical odds. Not even looking at other indicators. I have a lot of respect for your analysis generally but that article makes no sense