If I say I hate cynism in my life, it would be much of from the truth saying its even my motto. It's one of the reasons I became an entrepreneur. Now I am a full time investor and speculator, I am as cynical as I were whenever it was a hobby.

I have a message for you...
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In this investment world I really hate enthusiasm. See what I mean? I will tell you why. Everytime I saw absense of cynism and enthusiasm, it always ended bad with these people. >

Than you get the "Idc, because this amount of upside vs this amount of downside". Ever heard it from someone before they were going to do soemthing seriously stupid? Yeah? Thougt so. When have you been saying it lately?

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If I look to these markets, I see mania all written over it. I see it all reverse soon. Central banks do not believe in decentralization. Why? They are called friggin CENTRAL banks, not decentral banks. So a bunch of nerds say, "yeah but its the internet so it cant be stopped"

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Oh yes it can be stopped. As long as you need sovereign currency, there you go. There you are in the centralized system again. There CDBC will eat your cake and cherry on top.

So are we trusting enthusiastic tech nerds again?

Sute I want that world they want. But I am not going to loose my pension over it if it is wrong.

Are you enthusiastic about somethinh in investment. Yes? You are probably wrong, take it from there. Try being less wrong. Tone down your own enthusiasm. >

The world is always more sober and more boring than fancy pancy hypes. hypes are nice for daytrading. Thats making a buck from sentiments. But it wont last. its typically the boring stuff that will work.

Just think again about the internet bubble. We are way past that mania.

Central banks, governments, secret services and military. The power thing, always wins. And that al;ready happened on the internet. Arent we complaining about censorship on platforms? And exactly what mainstream solutions are there, apart from the geeky things no one is using?

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Do you really think governments are loving all that freedom? Do you really think they let you pay yout taxes in bitcoin? Oh but "bitcoin its a free market" I hear you say. Oh but "these old world govts, central banks are lagging they dont get it..." I hear you say.

Really?
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Forget ab-so-fucking-lutely about that. Maybe you worked very deep in that world, and you have only seen the thick layer of bureacrats. Have you met the smart ones that exist there? They see bitcoin as gold that cannot be manipulated. They fear it could become a currency.

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And are you so smart that they cant come to the same conclusions as you? Knucklehead!

They are smart enough. For example:

Thats from those you think are the bureacrat "knuckleheads" at the ECB
https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp181115.en.html

and the BIS
https://www.bis.org/review/r181115a_slides.pdf

Think again. Are you having a mania without you knowing it. Are you infected by all these enthusiastic people. Are you really managing your own bias. Are you really trying to be less wrong?

Are you?

I hope you are..

I hope some of my cynism rubs off on you.

We are in a mania!

And we are about to see the inflection point. Not just in old finance, but just like the internet buubble also with the new stuff. Fintech will get its long awaited spanking.

Back to the boring stuff. A close eye on hated stuff. Bitcoin isnt hated (only be central banks)

It isnt because there might be something wrong with the stocktoflow model. It is because of the old knuckle head model, that just will end this show. That the stocktoflow model hasnt calculated in. Central banks business is to make sure decentralisation never ever to happen.
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And governments are addicted to the stuff that central banks can control. Governments dont like that game to change. The success of bitcoin is what they perceiove as a huge threat. If you think these will be the loosers..

Forget about it. It wont fly.

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