Governments Continue to Dump Bitcoin as Price Crashes , Bitcoin Lags Tech Stocks

AFIK, I was the first, in late 2021, to argue that leveraged tech is superior to Bitcoin and “this decade’s Bitcoin“, and that Bitcoin would severely lag tech stocks, while at the same time track the stock market on the downside. Fast-forward to 2024 and Bitcoin is dying as tech stocks surge, as I said… Continue reading Governments Continue to Dump Bitcoin as Price Crashes , Bitcoin Lags Tech Stocks

Bitcoin keeps falling as stocks keep going up

There are three certainties in life: Death, taxes, and Bitcoin falling. Bitcoin continues to crash as predicted, breaching $57k on its eventful trajectory to $20k or lower. The divergence between Bitcoin and leveraged tech ETFs keeps widening, as predicted also: Earlier this year it looked like I was wrong, but then Bitcoin inexplicably collapsed as… Continue reading Bitcoin keeps falling as stocks keep going up

The end of work

Every indicator points to the rise of a post-work, post-scarcity economy, such as the rise of AI, or discussions of 4-day workweeks, which are being tentatively rolled-out or experimented, with success, along with some cities implementing small-scale UBI programs. Low-paying retail work, in particular restaurants, are increasingly and chronically understaffed. Or mass-layoffs of otherwise immensely… Continue reading The end of work

Consider Specialization: The Benefits (and drawbacks) of Specialization

A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook… Continue reading Consider Specialization: The Benefits (and drawbacks) of Specialization

Debate Disaster

Spoke to a boomer relative. He said ‘yeah Biden was weak at first, but he got a lot better….’ Useful reminder that even if we see a disaster, there are people out there who didn’t, or just didn’t want to. Apparently older whites like Biden, and it’s going to be tough to move… — FischerKing… Continue reading Debate Disaster

Bitcoin, the dems, and Biden are today’s big losers as always. Tech stocks always win.

During the Biden-Trump debate (or more accurately, the DNC’s crisis moment), many people assumed or predicted Biden’s loss would be good for crypto, but as Bitcoin falls again this Friday–as it always does–those hopes evaporated yet again. Bitcoin is looking as frail as Biden was on the stage last night. Bitcoin is already $7k lower… Continue reading Bitcoin, the dems, and Biden are today’s big losers as always. Tech stocks always win.

Hard to Gain Weight? Maybe if You’re Young

Interesting tweet storm by “Haunted Clockwork Emergency Mouse” re-tweeted by Eliezer Yudkowsky, who has a lot of interest in dieting in addition to the typical Ai stuff: The evidence for this is the large number of skinny guys (who often view themselves as being conscientious about their diet and exercise) failing just as spectacularly at… Continue reading Hard to Gain Weight? Maybe if You’re Young

Election Years are Bullish for Stocks, Wall St. Optimistic About Trump Win

Election years are bullish for stocks, with few exceptions like 2008: If Trump wins–which the evidence suggests he will given Biden’s sub-40% approval rating, which is unusually bad for a Democratic incumbent–expect tons of stimulus, even more tax cuts, and deregulation. All of this is good for stocks. In 2016 stocks surged immediately after Trump… Continue reading Election Years are Bullish for Stocks, Wall St. Optimistic About Trump Win