Oddbean new post about | logout
 After 5 years or so, I exited almost all of my #btc / #bitcoin positions.  Too much risk, regulatory pressure, fee upside, blockchain wait time, and wallet / address upgrades.  Not enough retail / consumer adoption.  Plus mining pools and now etfs have too much block chain / price influence.  Most #crypto are not worth it due to too much supply volume and control.

This is just a regular guy's view / experience.  Bear in mind I've seen a lot of tech come and go the past 50 years and was a pioneer adopter / developer of some.

After seeing the W.E.F. / #Davos plans, I think freedom lovers should go back to insisting on being paid in physical copper / nickel / #silver / #gold /platinum coin.  I think paper i.o.u.'s and digital air / entries on a ledger are going to be worth crap cause you'll just be a slave.

People need to wake up and understand that Davos / #Woke / #Socialists / Communists / Tyrants just promise what enough people want, to get all the power they need, to take everything of value we have,  to make us depend on them, to get whatever they choose to give, to who they decide.

Things will probably get very very very crappy soon.