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certion coins like btc and eth, have achieved network effects that are extremely hard to compete against. you might try but you might just produce a myspace or worse a friendster trying to beat facebook. its like Thiel says, to beat the incumbent you cant just be better, you got to be 10x better

NFTs are so fascinating. I bet when crypto becomes more widespread, big companies like Marvel will see how that is a big opportunity for them and they will issue super hero NFTs. Then, if these NFTs are credible (if they come with contractual rights guaranteeing there wont another Wolverine NFT...

https://www.cnbc.com/2021/02/05/mark-cuban-on-buying-cryptocurrency-dogecoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Intl&utm_source=Twitter#Echobox=1612542991 The crypto mental transformation is real. Cuban now defending Doge. And I would agree with him. His only mistake is owning...

One thing that is not priced in is the fact that the Fed is lying right now, promising stimulus until the end of time. If this fiscal package passes, it will start a countdown inside the Fed for when they will tell the market the truth. The truth is that they will have to taper and stop QE...

"First, while there are enormous uncertainties, there is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and...

https://www.washingtonpost.com/opinions/2021/02/04/larry-summers-biden-covid-stimulus/ Even Larry Summers thinks fiscal stimulus is getting out of hand

ETH lol

UNI, Sushi, AAVE, COMP, FTX, CRV, YFI, 1INCH. But its not a big position, something like 0.5% of my networth. I find it hard to analyze these tokens, who will be the winners? I dont know and I dont think anyone knows, so I'm betting on a lot them. I do like the idea of the Uniswap token a lot...

I also bought a bunch of DeFi tokens for the alt season

Bitcoin is doing a pretty good job so far of keeping fees under control. When I use a segwit address (bc1) I can get my fees down to $1-2 and still get confirmed in a resonable amount of time. The median and average fee is only higher because most people are dumb and use Legacy or Segwit (3xxxx)...

The truth is that in no moment will the fundamentals of BTC matter when Ray goes through this changes, nor it matters for most people. BTC is the same from the very first day he heard about it (ok now there is Segwit and the Lightning network but I bet he doesnt even understand it). What will...

Yup, its a process. First the person is open the idea, then they study a bit, then they buy some, then they start to make money, soon the person becomes a fan, then they start to defend it against 'perma bubblers', then they buy more, etc etc Of course, I said it as a joke but I dont doubt Dalio...

huge news, effectively this is a layer 2 solution to BTC scaling its payment ability

Why are they allowed to lend it in the first place? They are supposed to be custodians, if they dont have the assets thats not much of a custody. When another financial crisis happens this might lead to big problems

MSTR premium is likely a bet that the company will pivot into crypto. Whether that will be crypto corporate consulting, a GBTC competitor or something else, remains to be seen. But there is a pretty decent chance of that

And? Chewy is worth $42B, whether you liked it or not. furthermore he left the company years ago

https://www.zerohedge.com/markets/gamestop-shares-spike-after-announcing-creation-cto-position So what happens when dozens millions of gamers and influencers all over the world decide to shop at GME ecommerce just support this cause? GME already has a 12% shareholder that took a company from...