Once that first system made its founder rich, more coins were built on top of the platform. To continue to take advantage of zero interest rates and to see just how much we can play with our food in monetary form, let's make an ethereum, okay? Let's make joke money out of that money and name it after a dog. Oh, wouldn't it be funny if that dog had a puppy and we named another coin after that coin? A coin of a coin of a coin
Nick G
@NickGweezy · 3:14
Crypto commodities. Metal prices are sensitive to interest rates. Low interest rates fetch higher prices and vice versa. If you invent a new coin usually made of metal right off the bat, then it is is sensitive to the fungible currency underneath it the dollar. It will react to a diluted money supply by stretching its dollar price accordingly. But like an accordion, it can and does go the other direction. An interest rate cut makes cash less valuable, so it takes more of them to buy the same coin
Nick G
@NickGweezy · 2:32
And Bitcoin allows you to take any size chunk of money and send it to a friend without the use of a bank emergency technology. Invented at the end of the last emergency blockchain technology. And cryptocurrencies could perhaps have saved a company like Lehman from collapse. By providing liquidity. We created a new industry, a way to push money around as it grows. But now there is no money growth
phil spade
@Phil · 1:56
Enough people had the mentality of that lottery winner who, when he wins the lottery, they asked him, what are you going to spend all your money on? And he said, Oh, that's easy. I'm going to buy more lottery tickets. It just seems like too many people have that mentality of, I'm going to take this money and I'm going to make an even bigger score and not going to use it. What the original intent was