James, IMHO this is one of your Top 10 articles. It's easy to read. The logic is easy to follow. The conclusions are simple and straight forward. I maintain a 'Bitcoin Primer' PDF I share with friends and co-workers when the topic arises. This article will now accompany that.
James, do you have any thoughts on gold backed stable coins like PAXG? Have you written on these in the past? I know you’re a fan of tangible and gold ETFs. Curious your thoughts on PAXG and others when it comes to diversifying with BTC, and Gold.
Frightening and Depressing. But there is more to this in the present and the future. A lot of the wealth accrued to the the super rich, but also flowed to lift up economic levels of people in China, India etc.. Then there is the future, tied to the demographics of baby boomers, wealth will be passed on, and unpredictable politics which can result in wealth taxes, confiscation etc..
so many bad takes. money/wealth follows power law distribution, more money/wealth - less evenly its distributed in absolute terms. Someone who says that US is worse than Russia clearly never been long enough or at all in Russia. there is no wealth, there is poverty all over with 25% of population has no indoor plumbing. When you have power law distribution with very little wealth - it looks better distributed on the surface but only because the most of the wealth concentrated in 0.0001% which is out of the statistical analysis. once you get more wealth, the top part grows to 0.1 and then 1% but same happens to the lower 50% - their wealth also growing, as yuo properly mentioned in the article. it doesn't grow at the same speed but it grows following the power law distribution. its just in US there are large enough top echelon to be statistically significant.... article is BS.
James, IMHO this is one of your Top 10 articles. It's easy to read. The logic is easy to follow. The conclusions are simple and straight forward. I maintain a 'Bitcoin Primer' PDF I share with friends and co-workers when the topic arises. This article will now accompany that.
Thanks so much Jet Lag, I truly appreciate it and am happy you found the article so accessible!
Thanks, James. A very good reminder of why we bitcoin, in times when it seems to be going flat sidewise.
Right on Francesc, thank you!
As a new subscriber, I really like how you weave in previous posts (I now have access to) for the deep dive on a subject
Awesome to hear, thanks Kevin and welcome!
This might be my favorite post yet. Thanks, James!
Thank you Gene, I really appreciate that!
James, do you have any thoughts on gold backed stable coins like PAXG? Have you written on these in the past? I know you’re a fan of tangible and gold ETFs. Curious your thoughts on PAXG and others when it comes to diversifying with BTC, and Gold.
Perfect timing James.
At Church on Sunday one of the passages was Amos 8.4-7. “We will make the ephah smaller
and the shekel heavier and practice deceit with false balances, buying the poor for
silver and the needy for a pair of sandals and selling the sweepings of the wheat.”
I was able to share this article with my Pastor.
Love it, Bobby. Thank you!
Great post James! Ty
Right on, John!
Frightening and Depressing. But there is more to this in the present and the future. A lot of the wealth accrued to the the super rich, but also flowed to lift up economic levels of people in China, India etc.. Then there is the future, tied to the demographics of baby boomers, wealth will be passed on, and unpredictable politics which can result in wealth taxes, confiscation etc..
so many bad takes. money/wealth follows power law distribution, more money/wealth - less evenly its distributed in absolute terms. Someone who says that US is worse than Russia clearly never been long enough or at all in Russia. there is no wealth, there is poverty all over with 25% of population has no indoor plumbing. When you have power law distribution with very little wealth - it looks better distributed on the surface but only because the most of the wealth concentrated in 0.0001% which is out of the statistical analysis. once you get more wealth, the top part grows to 0.1 and then 1% but same happens to the lower 50% - their wealth also growing, as yuo properly mentioned in the article. it doesn't grow at the same speed but it grows following the power law distribution. its just in US there are large enough top echelon to be statistically significant.... article is BS.