Post by fschmidt on Oct 31, 2020 22:19:54 GMT
If people start believing that poodles will save the world, then poodles become a great investment. Invest in poodles and watch the value of poodles skyrocket. This is the best way to get rich quick.
In the past one made money by creating value. But humanity has decayed to the point where it can no longer create value. Investment asset values are based on fads while humanity consumes the vast pool of value that was created when western culture was good. If a particular stock/company has any real value, it is based on its ability to screw the masses out of money. And since I have faith in the ability of the elite to do this, I believe in the stock market. But this has nothing to do with creating value. The total value of the world economy can only drop in real terms because humanity has become worthless scum. But the rich can still get richer by screwing the poor faster than the rate of decline of the overall economy.
I have been reading about cryptocurrencies which is at least interesting to me as a programmer. But I have seen no discussion of the fundamental questions that are relevant to whether cryptocurrencies should have any financial value. There are two such questions: What will be the impact of government regulation on cryptocurrencies? And will one cryptocurrency become a natural monopoly or will numerous cryptocurrencies compete with each other driving down the value of all of them? As usual the basic questions aren't discussed while people just worship technology for its own sake. So the rise of cryptocurrencies is much like the poodle example above, profiting from shared stupidity. I am not very good at recognizing shared stupidity trends, so I will stick to conservative investment that make money slowly.
In the past one made money by creating value. But humanity has decayed to the point where it can no longer create value. Investment asset values are based on fads while humanity consumes the vast pool of value that was created when western culture was good. If a particular stock/company has any real value, it is based on its ability to screw the masses out of money. And since I have faith in the ability of the elite to do this, I believe in the stock market. But this has nothing to do with creating value. The total value of the world economy can only drop in real terms because humanity has become worthless scum. But the rich can still get richer by screwing the poor faster than the rate of decline of the overall economy.
I have been reading about cryptocurrencies which is at least interesting to me as a programmer. But I have seen no discussion of the fundamental questions that are relevant to whether cryptocurrencies should have any financial value. There are two such questions: What will be the impact of government regulation on cryptocurrencies? And will one cryptocurrency become a natural monopoly or will numerous cryptocurrencies compete with each other driving down the value of all of them? As usual the basic questions aren't discussed while people just worship technology for its own sake. So the rise of cryptocurrencies is much like the poodle example above, profiting from shared stupidity. I am not very good at recognizing shared stupidity trends, so I will stick to conservative investment that make money slowly.
