thaison

I finished my work a few hours ago already. But I haven’t seen anything stupid from activists. I mean, they are still stupid. It is just the normal stupid and nothing new. So I have no material.

Trying to wrap things up so I can have a day off tomorrow.

How do you like the rain?

Good night Marten. See you again soon.

I just read a really disturbing script. Can't say it here though.

I will check up on anti-war activists in the next few days. Because I'm in mid-project and need to stay in good mood. They act borderline and I know I will get angry.

Would have continued my education if they hadn’t lied too much.

Okay so someone needs to tell me if I sound reasonable because my education was cut short right before macroeconomics, through no one's fault other than my own.

I often hear people say that fiat money can be printed out of thin air so you should invest in gold and Bitcoin. And I don't think it's a convincing argument. Though some people even go as far as to say the government can print money and fund war through debt and inflation, therefore buying bitcoin will bring world peace because you can't generate more bitcoin. Can't argue with that logic!

If it is all about scarcity, then why Bitcoin? You can buy a painting or a land because those resources are also not infinite. And you can actually use both of them. The fact that gold and Bitcoin are at high prices right now does not prove that their logic is sound.

If I buy gold, it's not because it's scientific to do so. It's because I trust that the long tradition of gold trading, proven through thousands years, would still continue. Worst case, gold out of fashion, I can still use it for jewelry. Which I don't wear. But the other day I saw a cute gold bear on r/gold. So I gamble on history.

If I keep it in fiat money, it is backed by the centralized power, military and law enforcement. Now many Bitcoin holders will claim that the government is evil therefore you can't trust them. But the government also has incentives to keep stability and growth to keep themselves stay in power. Of course there are also countries who threw themselves into ruin and the money lost its value overnight with hyperinflation. Which is why this is also not a scientific fact. I gamble on the government.

If I buy Bitcoin, who is gonna back it? The government said no, at least here. They won't because they don't already own it. So why adopt it as currency to be slaves for countries that already hold most of it? That will be the case of most countries because very few countries hold large amounts of bitcoin. Even if they like the idea, they will issue their own digital money for control. So like fiat 2.0. Bitcoin will keep the price for as long as people believe in it for long enough. So maybe if they keep believing in the technology for 1000 years and then I will buy it like I buy gold. For now, if I buy Bitcoin, I gamble on my comrades. Uhm, let's see. These are people who are always paranoid government target them, victimhood of oppression, and think other people are sheep. Real comrade material!

Honestly, just say they want profit and it yields results quicker and might be much higher profit than stocks. It's not even shameful. It is, though, when they lie that they do it for anyone other than themselves. I don't say I keep my change for the poor in Uganda.