True, me too

That used to be the case Brook. But the quality of the comments has severely declined of late.

Give me a powerful magnet and BTC goes away permanently. Gold is forever.

That powerful magnet is going to need to be so powerful that it can reach servers on multiple continents, plus at least one Blockstream satellite that I can think of off the top of my head...

Where does your thesis that BTC is better than anything else come from? Simply that it was 'first'?

Yes, Bitcoin is king but thinking that smart contracts and a whole new world of digitised asset platforms etc. are not valuable is just arrogance to me. The market clearly disagrees in any case.

Imagine thinking that smart contract platforms will not have a future as stand alone crypto currencies... Ethereum most assuredly will do a minimum 10X in the next 5-10 years conservatively and if not ETH a stand in replacement will. The progress that the EEA is making is something to pay close attention to, John Wolpert would be a great interview on Real Vision tbh. Could you imagine not buying ETH under 200$ pre halving... it'll more than likely 10X within 5 years. BTC has tons of pragmatic issues. It's unbearably slow, its politics are torturous and its miners are overwhelmingly China-centric. Not only that but as a result of this central planning FED and Gov inflation nightmare decentralization and inflation resistance will rise again in the public consciousness. This is the same sort of rubble and chicanery that gave birth to BTC. Bitcoin simply is not practical outside or wealth storage in any other capacity to service the growing demands of an increasingly online led life. Kids today will be spending more time in VR in 5 years than outdoors BTC will not be their currency of choice in virtual reality. They aren't going to wait an hour to buy in game items from another autonomous individual in the same landscape, they'll need instant settlement. There are endless examples of this. The ideas and potential inside the realm of crypto currency are revolutionary and no one knows what they'll bring. From peer to peer economics to digital cash settlements to transferring ownership of goods, titles, deeds. Its only enemy is Government tyranny, which is an honest threat that an individual needs to assess going forward, but that same enemy is a threat to BTC. The US has very little to gain by allowing digital currency and those that lobby it have all to gain if they write the rulebook for digital currency, which is a distinct possibility (we've seen this battle already with Libra). I'll never understand BTC Maximalism and more importantly... neither will the smartest and most driven people fleeing traditional enterprise in favor of the crypto space. To think that the only thing that comes from that is Bitcoin with all its hang-ups... I've never been sold on that idea.

You realize that the overwhelming majority of crypto projects aren't trying to compete with BTC, right?

Crispim T. The last time you went on a rant about Bitcoin was prior to the bear market fall and you had explained to the RV community that gold had fallen and Bitcoin has risen. Essentially you said gold was a thing of the past. Perhaps you should rethink your whole thesis and look at those two charts now since it's been about two months? You are absolutely obsessed with it and it will make you blind and eventually broke betting all in. If BTC has a good run, take your profits, be happy and look at your next trade/investment.

I think this might be it. https://www.bis.org/publ/bisbull02.htm

Would be good to get some simpler explanation. I've read the article when it came out (BIS bulletin #2) and also listened to the Mike Green interview to try and understand what they were saying. Does somebody have a very simple explanation for how it all came together. The aspects discussed but hard to piece together were: Ronan Capital blowing up after getting margin called by the CME, An auction style sell off of their Treasuries (off the run), something about the Fed cutting by 100bps which somehow triggered this, And something about yields jumping as low as 30ish bps and then flipping back. does anyone have a clean explanation of how all these things come together?

^ There was also something about interest rate swaps / receiver options. Then somehow all of this blew up the risk parity trade and forced delevering. Hard to piece it all together - would appreciate if someone has this mapped and the chronology

Umm I can’t say I agree with you there.

There are also fewer goods being produced so even if the money stays constant they are chasing fewer tangible goods