This week in bitcoin. Straight to the point. No bullshit. Every Saturday.
Thought of the week from Marty Bent:
The horse was the best and most efficient mode of transportation for thousands of years before the car showed up and obsoleted it as a vehicle in short order. Bitcoin is going to quickly obsolete gold as a store of value the same way the car obsoleted the horse. Prepare accordingly.
Thought of the week from Matt Odell:
Limited edition sneakers, apparel, and art often command large premiums over more common equivalents due to perceived scarcity. This is a symptom of broken money which encourages individuals to either speculate on manufactured scarcity or watch their money lose value everyday. Expect these premiums to decrease as individuals realize they have access to a truly scarce asset that should increase in purchasing power indefinitely.
