Bitcoin Crashed

Read my post on Bitcoin that I am extremely proud of and that gets no traffic…

So, the price of Bitcoin in dollars has crashed by 50% from its all time high not so long ago and no sits around $70k, and all of a sudden out of nowhere an army of self-appointed Bitcoin experts crawled out of the woods and began offering their opinions. I personally love these two:

  1. Bitcoin has no intrinsic value
  2. Bitcoin is a scam/Ponzi scheme

Bitcoins has an intrinsic value because it has a perceived value to its holders. Bitcoin is decentralized, it has no master, and there is a limited supply of it. So with time, despite these drastic falls in price, the purchasing power of Bitcoin rises. Now look at US dollar:

Bitcoin is a currency that actually increase in cost, and with time can buy you more stuff. People are saying that you cannot use Bitcoin for anything. True, its use is rather limited, the adoption is slow but this is because it is relatively new. Already today there are vendors, businesses, online apps that accept payments in Bitcoin. I literally buy electronics with it, I bought champagne for New Years with it, you can pay Rumble subscription with it. I heard that restaurants use this app for Bitcoin payments but I barely go out and have no social life so I didn’t try it yet.

And Bitcoin might have characteristics of a Ponzi scheme and Satoshi holds like a million Bitcoins, so he can cash out when the price gets high enough. But who gives a flying fuck? Just buy some and see for yourself how you like it. I personally don’t have all my money in BTC. It is a risky asset, the volatility is one thing but its future is uncertain in my opinion. Although, Bitcoin has so far weathered many crises, and in my opinion it will manage.

Another bullshit take about Bitcoin is lumping it with other cryptocurrencies or associating it with variety of scams that happened in the crypto industry. I get it that when some exchange goes bust and people lose their money, it doesn’t shine a good light on crypto. Same with the variety of rug pull scams. But there isn’t anyone who can rug pull your Bitcoin if you hold it on a cold storage. These exchanges can go bust, this industry is new and it is a Wild West out there.

To close this rant, buy the dip, this is what I did. This is what I will do in few days. And I really hope the price stays low for few months so I buy again and again. I know it’s going to grow.

Starlink Shut Off

So, the Ukrainians have scored a tactical victory…

They have demanded of Starlink to block all unauthorized terminals. That is they have a list of terminals that are legit and the rest would be blocked.

Now the question remains is how much were Russian units dependent on Starlink, and can they find a replacement soon? Will Russia be forced to change its tactics, and will Ukraine be able to exploit this setback to its advantage? This way we will know if this was a win, or a big nothingburger.

Zaukrajinec Kuba

This is a Czech affair. Martin Kuba is a hetman (governor) of our region. He recently left his home party, ODS (the civic democrats) to establish his own Naše Česko (our Czechia). He says the former no longer does right wing politics and his new outfit will have the correct values. In my opinion there is no need for another rightoid party, and there is no shortage of pro-Ukrainian buffoons. I don’t vote for explicitly pro-Ukrainian politicians. 😆👌

Traveler With a Gaggle

Source

Some women keep a gaggle. That is they are dating several men at once. In fact many have at least two, their first choice, their second choice, their substitute, back-up boyfriend, their gay friend, who also likes some poon. Remember boys, she is not yours, it’s just your turn.

But quite frankly, food and tours shouldn’t be free. You should be getting punani on the regular. If you ain’t getting any action, why are you simping? The chick above has that stare, she gives the box, I am pretty certain.

Religious Decline

Source

Some years ago I published a post about the total collapse of Christianity in Czechia. So while participation in traditional religions is waning there is growth in practices and interests among the people that seem to fill the niche religion once did. There are illicit drugs that can contact you with elves, there are tarot cards of various kinds, astrology, Kabbalah and other mystical systems are all the rage. Women do witchy stuff. The religious landscape is transforming.

The above is “Are you certain God exists?”

How do significant life events or the passage of time influence your perspective on life?

Even though I am a Millennial, I converted to boomerism. But I am more interested in what benefits the common middle income man, that is me…