Oddbean new post about login | logout #Bitcoin is a risk-off asset for: ✅ People with low time preference ✅ People that understand money ✅ People suffering from inflation ✅ People living under oppressive regimes
You either do the work or feel the pain or a combination of both 😃
i bought my first bitcoin in jan 2017 i think it was 900 dollars i saw it go up by 200 dollars then go down so i sold it cause i thought i was losing money. yea that was dumb. i later bought back in but at a higher price.
Excellent framing 👌
But you on the other hand again and again are promoting insane and high preference thinking when prognosticating ridiculous dollar prices in a very short time perspective. You maybe directionally correct but you have hurt your credibilty a lot the last couple of years.
What exactly is a ridiculous dollar price?
1 million in the end of the year is a ridiculous and frankly quite stupid prognostication.
Hardly.
😂🤷
@Excellion I’d like to apologize for my tone. It was unnecessary. I would also like to say that I’m not at all believe that 1 million won’t happen. But that I don’t believe it will happen very suddenly.
Hans, you are misusing the term high time preference here. Samson has been working with nation state adoption for several years. That's the opposite of high time preference. Perhaps just sit down a bit when you are entering a subject where you have not built up credibility as an analyst.
I can see what you mean. Thanks for feed back
Disagreements without hostility are always the most fruitful exchanges. I appreciate the work that Samson Mow has been doing over the years and he is also a highly critical thinker that often listens to and consider nuanced feedback. He may not agree with the feedback but he is able to entertain multiple possibilities. We will all disagree on the timing when $1.0M bitcoin happens and that's fine.
I am curious to see how people living under very oppressive regimes, like Cuba, would use Bitcoin. The government fully controls the internet access. Maybe they could deal P2P and not through exchanges 🧐.
https://youtu.be/UPp0Xbk4bFo Quite interesting video showing Bitcoin taking ground in Cuba. People are already used to trying to circumvent restricted internet service, so I think that only helps in this regard.
https://youtu.be/UPp0Xbk4bFo Quite interesting video showing Bitcoin taking ground in Cuba. People are already used to trying to circumvent restricted internet service, so I think that only helps in this regard.
https://youtu.be/UPp0Xbk4bFo Quite interesting video showing Bitcoin taking ground in Cuba. People are already used to trying to circumvent restricted internet service, so I think that only helps in this regard.
Yes, that’s an interesting and hopeful video. The desire and the need is definately among the people. Once Bitcoin gets real for the dictators things may change very drastically. Early adopters will have a huge head-start.
Most people don't understand money. So it's not for everyone?
How do we best onboard the last two categories above?