. @QTRResearch
Enjoyed your Bitcoin vs. gold debate with @PeterSchiff and @LawrenceLepard Thanks for organizing that.
What gold bugs like Schiff don’t realize is that gold is not going to remain scarce for much longer.
Nanoscience is developing at breakneck speed. We are getting shockingly good at manipulating the building blocks of our world - molecules and atoms.
Within 5 years (maybe much sooner), you *will* see a news story about a scientist you’ve never heard of in an obscure lab somewhere, who created a bit of gold from some other material.
And, that’s the signal it’s over for gold.
At first, the process will be prohibitively expensive and extremely difficult, but once that first person does it, we know how the story plays out.
It then becomes simply an engineering problem, which will inevitably take it from difficult and expensive, to easy and cheap within a few years.
What happens to gold as a 5,000 year-old store of value when it’s a common industrial process to create an ounce of gold for a few dollars?
And, what I’m describing *will* happen. The science is already very close. It’s not a question of if. It’s only a question of when.
We’re already living in a world where software’s been “eating” the value of everything in its purview.
Next up, material science is going to do the same thing to the physical world.
Much of what we’ve thought of as valuable and rare, will become cheap and common. Things are about to get crazy.
Will Bitcoin survive all this as a store of value? No idea. Maybe nothing will.
But, I can imagine a world in the near future where Bitcoin may be one of the *only* things left that has true scarcity.
I’m betting on that scarcity being valuable.
@GrageDustin Lindell is unelectable in Minnesota. May be a great person, but his negatives are off the charts. Has zero possibility of winning. Like it or not, Demuth is the GOP’s only chance in November
Finished Life at the Speed of Play - highly recommend if you’re any type of entrepreneur. But holy jeez - the screenshot of @markpinc phone - hundreds of missed calls & texts. Gave me a bit of anxiety by proxy
@jimiuorio Growing up, I watched NFL players pretending not to be hurt so they could keep playing. Very American coded. Not sure what all this flopping is, but it’s hard to get past for me
@AJA_Cortes Thinking about if there’s a difference here of men vs women. Could be the gyms I frequent, but seems like lifting has exploded among upper-class women over the last decade
@robertlufkinmd Maybe some of the previous higher movement was chasing weight loss. Now, losing weight with the GLP-1’s, it’s perceived as not being needed?
@Cernovich Started going there for work about 12 years ago and expected disaster. Instead, the suburbs were great and the core downtown was in full rebuild mode. Was really surprised how good it looked. The next ring out from downtown was another story, though. Really rough
@naval Maybe for now, but not necessarily for long. MAD only works with rational actors. Drones are democratizing WMD capabilities, eventually ending up in the hands of groups that don’t respond rationally to the threat of destruction