Thought: Let's say a start up, like $FB back in the day, raised funding on a dodgy idea, let's say they got traction and the idea didnt look so dodgy so they raised more cash via equity but lets say they agree to an limit on the equity issuance. Is that wrong? XRP (no view).
So, right or wrong?
It is not so clear to me, with my limited knowledge at a macro level....
I also understand Ripple issued equity but Im not sure how totally different this is if you replace the worlds "cryptocurrency" with shares.
All thoughts appreciated. As I said, I have zero view but am not sure of the controversy at a macro level. XRP is being used at least...
I think there are much dodger versions of this, who had no real intention of actually creating an ecosystem but its too soon for me to claim fraud.
Not everything however needs to look like BTC to have value (RP ducks as the hate pours in).
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Tokens are just real-time trading VC bets. If you owned early seed investments with real-time mark to market you'd see the exact same. 80% go to zero, 19% add value and 1% make all the money. Real time marks freak people out.
If you real time marked any VC investment you see it go to near zero numerous times (for Real Vision, probably 6 times). The value comes from adoption and eventually revenues as business models adapt.Most dont survive, its normal and is capitalism.
Thinking everything is a scam because its not BTC is simply ludicrous. It is like taking a snapshot of early VC bets and writing everything off as a zero because its not Google.
Apples and oranges.
The actual money is in the numbers game - Pareto's Law.
So, if the hypothesis that key driver of asset prices is the devaluation of fiat currency it pays to look at assets against G4 Central bank balance sheets as the denominator, to determine what is a store of value.
Here is the G4 balance sheet - 2009 was when it all started.
Commodities have failed to maintain their purchasing power..
Bonds have failed to maintain their purchasing power...even after rallying for the last decade.
Bitcoin is potentially facing some serious technical headways... the daily DeMark is showing a cluster on 2 13's and a 9 and tomorrow might put in ANOTHER 13!
The weekly is stacking up top counts too...and a larger correction looks very possible
MSCI Emerging Markets is the best looking chart in the world right now, outside of bitcoin. If this break is confirmed, then we can expect a decade or more of strong EM performance.
However, its very overbought (the dollar is very oversold) and the weekly DeMark suggests we might fall back for a bit to garner energy for the break. $EEM is the easy way to play it.