Subject: Re: Munger, crypto fights back

"For a short period there was little crypto posting. But then it was right back where it had been!"


The summer of 2007 began a sustained period (13-14 years?) of falling interest rates. We always seemed to have cheaper money to capitalize big ideas and fix systemic problems - financial, public health, etc. When the alpha from cheap money is no longer there, the allure of fast money crack (crypto) moves in for its parasitic lap dance.

Is the era of wealth entitlement coming to an end? P.T. Barnum wouldn't bet a bitcoin on it.


CmoreBmore