Technological advancement is extremely hard to halt over the long run, because knowledge builds cumulatively and diffuses across societies. As technologies mature, the marginal cost of reproducing information, designs, and even many physical goods tends to decline toward zero, driving continued innovation and adoption.
There are four types of people when it comes to making money:
1. Those who are not yet earning — unemployed or dependent on others.
2. Those who work for others — earning wages by building someone else’s vision.
3. Those who own competitive businesses — earning marginal profits in crowded markets.
4. Those who own innovative or dominant businesses — earning high profits in markets with little or no competition.
#Bitcoin mining is #4
Strategy > moralism
Fight me.
#mindset
Whale strategy:
Step 1. Dump #bitcoin
Step 2. Load up on deep OTM calls
Step 3. Buy as much bitcoin as you can right before expiry.
Step 4. Collect on ITM calls
Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called?
Wtf is absolute scarcity anyway? 🤷♂️
Pain is the basis of good character. Suffering is the result of bad character under the influence of pain.
#mindset
Being a non player when others are playing is what most humans experience unknowingly. Not understanding that a game is being played, not being willing to learn the rules of the game, Dunning-Kruger-ing the rules or simply being ignorant of the existence of rules; it is clear that disqualifying oneself is the main feature. Opting out isn’t neutral: it’s a forfeit. #NPC #gametheory
“You all see in the matter of coinage, in which it is felt that we have some interest, how we have even invented an art, and how many means the tester employs to test the coinage—sight, touch, smell, finally hearing; he throws the denarius down and then listens to the sound, and is not satisfied with the sound it makes on a single test, but, as a result of his constant attention to the matter, he catches the tune, like a musician.” -Epictetus (on validating #bitcoin blocks)
I'm grateful someone was willing to sell me some #bitcoin.
