Barry Ritholz costumava escrever um blog chamado “a grande i | dotkrueger no Binance Square

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Barry Ritholz costumava escrever um blog chamado “a grande imagem”
A grande imagem é que o Bitcoin está indo bem além de 1 milhão e a IA muda tudo. 
Aja de acordo.

Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados. Consulta os Termos e Condições.

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Bitcoin is just over 16 years old. Perfect for Peter Schiff.

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"Rail travel at high speed is not possible because passengers would suffocate." (Dr. Dionysius Lardner, 1830s) "This 'telephone' has too many shortcomings to be seriously considered as a means of communication." (William Orton, 1876) "Heavier-than-air flying machines are impossible." (Lord Kelvin, 1895) "The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?" — David Sarnoff’s associates, 1920s, rejecting radio’s potential "There is no reason anyone would want a computer in their home." — Ken Olsen, DEC founder, 1977 "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." (Robert Metcalfe, 1995) "Bitcoin has no intrinsic value and will go to zero within 10 years." (Eugene F. Fama, 2018) "Quantum computers cracking ECDSA? Not in this century." (Schneier, February 9, 2022).

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In his new book, "How Countries Go Broke" Ray Dalio states the core function of banks is to "match lenders and borrowers, earning a spread". I will add: "That function is being completely replaced by Bitcoin and DeFi." Banks are obsolete. 🧵

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AI is growing at 80%. Bitcoin at 40%. The US Debt at 8%. This is what it means in 10 years.

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Some will disagree, but I expect there will be intermediate breakthroughs in Quantum before Bitcoin public keys are broken. One way to incentivize this outcome is to post prizes for smaller cryptographic hacks. @saylor

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