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oh look, can't use these bitcoins for anything now... and I lost my dollars when I bought those coins.
i'm just conjecturing obviously.
well if i give you $10k cash for a bitcoin and then my bitcoin goes to 0, i have nothing but you have $10k, no currency has disappeared. as i understand it
no US dollar currency that is
in my hypothetical conjecturing, I'd assume a central authority was just collecting all the money as part of say... restocking the fed or some shit lol.
But what about just getting involved with trading it? doesn't that sound interesting and also lucrative? gauging sentiment, technical analysis, fundamentals (in the technical sense), thinking about how larger social/government/banking/big player schemes might affect price
no, and i'll tell you why.

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Showing #longreads

JohannesFactotum 7 months ago

Content vs. Process Governance in "Arguing About How the World Should Burn" https://trp.red/t/19c

My take away: content-governors operate on goals, and process-governors operate on systems. The crazy accelerates when content-governors attempt to impose goals on systems. #longreads