Prior to introduction of Gold ETFs, the total MC of gold was roughly 2.2 trillion. The current MC of gold is 12.2T. BTC is roughly 25% of golds MC when the ETF was introduced. BTC is also more portable, divisible, and finite.
Think about it.
@JasonYanowitz@IOHK_Charles Blockworks will bad mouth ETH for over a year and then let Hoskinson shill ADA without much pushback. Is ADA a sponsor now? Absolute clown show.
For anyone interested here's a summary :
"In Search of the Miraculous: Fragments of an Unknown Teaching" is a book by P.D. Ouspensky that details his experiences with the enigmatic spiritual teacher George Gurdjieff. It is considered one of the most significant works on Gurdjieff's teachings and provides a comprehensive overview of his philosophy and methods.
P.D. Ouspensky
P.D. Ouspensky (1878-1947) was a Russian philosopher and esotericist. He was deeply interested in the nature of consciousness and the potential for human development. His search for understanding led him to George Gurdjieff.
George Gurdjieff
G.I. Gurdjieff (1866-1949) was an influential mystic, philosopher, and spiritual teacher who developed a unique system of spiritual development known as "The Fourth Way." His teachings emphasize the importance of self-awareness and self-remembering, as well as the integration of body, mind, and emotions.
Overview of "In Search of the Miraculous"
Structure
The book is organized as a narrative, chronicling Ouspensky's interactions with Gurdjieff from their first meeting in 1915 to their eventual parting. It blends personal anecdotes with detailed explanations of Gurdjieff's teachings.
Key Concepts
1. **The Fourth Way:**
- Unlike traditional spiritual paths that focus on physical, emotional, or intellectual development separately, the Fourth Way integrates all three aspects. It is designed for people living ordinary lives, allowing them to work on their spiritual development without renouncing the world.
2. **Self-Remembering:**
- A central practice in Gurdjieff's teachings, self-remembering involves maintaining a continuous awareness of oneself and one's actions. It is a method for achieving greater consciousness and presence in everyday life.
3. **The Ray of Creation:**
- This cosmological concept describes the hierarchical structure of the universe, starting from the Absolute (the source of all creation) and descending through various levels of reality, including galaxies, solar systems, planets, and finally, human beings.
4. **The Law of Three and the Law of Seven:**
- The Law of Three states that three forces—active, passive, and neutralizing—are present in every event and process. The Law of Seven, or the Law of Octaves, explains that all processes in the universe proceed in a series of stages or steps, much like a musical scale.
5. **Centers:**
- Gurdjieff taught that humans have several centers responsible for different functions: the intellectual center (thoughts), the emotional center (feelings), the moving center (automatic functions), the instinctive center (basic survival), and the higher centers (spiritual and higher emotional functions).
6. **Mechanicalness and Awakening:**
- According to Gurdjieff, most people live in a state of "waking sleep," functioning mechanically without true awareness. The goal of his teachings is to awaken individuals to a higher state of consciousness.
Practical Exercises
The book includes various exercises and practices prescribed by Gurdjieff, such as:
- **Observation of Self:** Watching one's own thoughts, emotions, and behaviors without judgment.
- **Divided Attention:** Simultaneously focusing on an external task and maintaining awareness of oneself.
- **Movements and Sacred Dances:** Physical exercises designed to develop coordination, presence, and inner awareness.
The Journey
Ouspensky's journey with Gurdjieff is one of transformation and discovery. He initially struggles with the demanding nature of the teachings but gradually comes to appreciate their depth and potential for personal growth. Through their interactions, Ouspensky provides a vivid portrayal of Gurdjieff's methods and the profound impact they had on his own understanding.
Significance
"In Search of the Miraculous" serves as a crucial introduction to Gurdjieff's teachings. It has influenced countless spiritual seekers and continues to be a foundational text for those interested in esoteric traditions and the pursuit of higher consciousness. Ouspensky's clear and detailed exposition of Gurdjieff's ideas makes complex concepts accessible, providing readers with a roadmap for their own spiritual journey.
The point isn’t about determining who has enough money. It’s about promoting responsible behavior in a space that’s still growing and prone to exploitation. Vitalik is highlighting the importance of setting a good example, which can ultimately benefit the entire community by fostering trust and encouraging genuine innovation. Markets alone can’t address ethical considerations, which is why influential figures speaking out matters.
@TimBeiko@econoar You could attach an nft to the buy. You could make seasons out the merch to attach scarcity. Really an untapped source of revenue and opportunity to show off some of ethereums tech.
@blknoiz06@Evan_ss6 This is such projection. Remember the clap back tweet you put out about Vitalik? That’s blatantly out of context. Plus, you were constantly talking about how great an investment LUNA was last cycle. How about DFK too? Digging yourself deeper with this.
@plutus_markets@based16z Balaji’s sex life is not linear, nor is it cyclical. His sex life is intact helical where with each rotation a previous partner is revisited and improved upon. It’s important to remember with each rotation, it’s like history is running in reverse, where by his partners get hotter
@pythianism A global conflict event that causes rates to increase is probably more likely at this point than the FED getting inflation data to soften enough to drop rates.
@adamscochran imagine if this actually happened on chain. Every single major news publication would be saying crypto can't be trusted, unreliable. If it happens in Tradfi though? No problem, just another day.