Glory, glory, hallelujah! Long live Bitcoin! Tasty to see that price go up in smoke after a long and tiresome side period. I’m always talking about emotional control. And as a Bitcoin buyer, I prefer it when Bitcoin goes down. However, I am also human and have my little heart.
There is no denying that the big hikes are pure adrenaline. And that seeing that little balancing act go up in a rocket to the moon makes my soul happy. Of course he smiled more than he did on good days. Let’s not get crazy. And you have to take it easy. But we can have a whiskey to celebrate the occasion. Why not?
Now then, let’s talk about the most read kryptonews of the week.
No gold, no dollar, no Bitcoin. The future of money is a return to the Paleolithic
This literary jewel not only reveals the genius of its attractive author (me) but also tells us a great truth. The world has changed a lot and the discourse that the cypherpunks used to handle in the 80s is no longer enough. We must update ourselves. That vision of some bitcoiners that a ring will reign over everything is a vulgar utopia. Society is another and no longer tolerates totalitarian solutions. Whether we like it or not, post-modern society chooses mixed and varied solutions. Fragmentation is too much for one size shoe for everyone.
It is extremely unlikely that the hegemony of the dollar will be replaced by the hegemony of Bitcoin. An idea that I find shocking. I like pizza. However, things have to be taken slowly. If someone tells me that pizza will solve all my nutritional needs and that one day the only thing we’ll eat will be pizza morning, noon and night, I’m sure that’s when my taste for pizza will disappear. That „Bitcoin fix that“ stuff gives me the creeps. To me, Bitcoinnazis are a pain in the ass.
Now, let’s look at the effect the Internet has had on the world. The world after the fall of the Berlin Wall is the personalized world. It is not a total world but a fragmented and specialized world. It is the open-signal TV of the past vs. the Facebook of today. Facebook that uses an algorithm to create a unique and personalized experience. There is no one content provider. There are millions at the same time. Everything circulates around interest groups, specific niches and their individual tastes.
There are no longer unique ideas, unique narratives, unique values, or a unique organization. The world is becoming more and more subjective, more post-modern. The world is atomizing.
Paleolithic money: seeds, stones, dry leaves, metals, minerals, crafts, skins, fibers, teeth, tools, feathers, animals, and thousands of other things. The future of money may be diverse and not totalitarian. Nothing to do with monopolistic solutions. One humanity. But all local and personal. Perhaps the future will be a little more like the Paleolithic.
America confirms second $1,200 stimulus check: will it be invested in Bitcoin?
Brother, stop suffering (*Brazilian accent). Like Pedro in the story of Peter and the Wolf, many people in this space scream „inflation“ at the top of their lungs every time. And they criticize the stimuli until they can’t, but if we go to the inflation rate, we will realize that what we really have is a terrible deflationary picture. This crisis is deflationary. Why do so many Bitcoiners confuse emission with inflation? Why the delusion of seeing something that doesn’t exist? I assume that this is a political issue. I mean, it’s the libertarian streak that has been going on for over 100 years with the same broken record.
It is possible that we will have inflation in the future, but it is likely to come not from the side of issuing money but from setbacks in the field of technology and in the process of globalization.
What are stimuli doing now? They are raising prices in the financial markets. This benefits Bitcoin enormously. So why all the crying? Well, the politics of the libertarians. Their dogmas. Pure politics. But for the rest of us. From an investor’s point of view, encouragement is a blessing. Brother, stop suffering.