Watching a "talking head[1]" on Bloomberg tell me about the INDUSTRY of crypto-currency. I have heard a lot of noise about Crypto. I have seen Crypto coins go from ZERO to thousands of dollars in a decade.
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Just remember the "Cabbage-Patch-Kids," the "Beanie-Baby" and the "TULIP-BULB[2]" sold like proverbial "hot cakes" for a few weeks, months, years? But the free market satiated and DEFEATED the demand, the MARKETS CRASHED!
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Calling crypto-currency an industry begs the question. Asserts facts-not-in-evidence. Where is the industry? I mean with "Cabbage-Patch-Kids," "Beanie-Baby" and "TULIP-BULB[3]" industries initially you got something of VALUE. What VALUE is created by the crypto asserted industry? At best CRYPTO is a Ponzi scheme for the early adopters and a hard to sustain CON for any current eyes-wide-open investment.
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Crypto was originally sold as a hedge against the inflation of GOVERNMENT supported fiat currency. And that looks like a good thing, a new more liquid-gold? As an obscure fraction of "a coin(?)" it will never be a FIXED asset like GOLD!
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If you are holding GOLD, you have something. If you are holding a mutable fraction of a crypto-coin, you have NOTHING. To become something, crypto NOW needs the fiat of government support. Something the original premise of crypto opposed.
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Once the NEW wears off, and the demand is satiated, and the day will come, because the supply is NOT limited to A-coin or a-coin-base. And the massive server farms, unlike gold, required to sustain crypto will consume the surplus by giving the coins away for-free to the farmers/miners, as the churn and demand satiates.
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That does not even consider the hack-ability of block-chain with quantum computing hacking of the purported un-hackabilty of the "block-chain.
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It should also be NOTED - as fusion reactors are PERFECTED, possibly off planet for ecological concern, gold supply will be un-fixed with the production of unlimited energy as a BONUS. Gold will someday have the same issue as tulip bulbs.
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Just saying…
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[1] Note - he gives all "long haired" pundits a bad name with his STUPIDITY - lol
[2] Tulipmania: About the Dutch Tulip Bulb Market Bubble - https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp
[3] Tulipmania: About the Dutch Tulip Bulb Market Bubble - https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp
https://dgjeep.blogspot.com/2025/03/the-issue-with-trump.html
https://dgjeep.blogspot.com/2025/02/this-is-how-naive-teenage-high-school.html
BE AWARE, but do not be afraid, Trump is, at best and at worst, pathetically incompetent and INEFFECTIVE manager / leader!
https://dgjeep.blogspot.com/2025/01/be-aware.html
Trump does not know the name of the country he was or is to be president of...
https://dgjeep.blogspot.com/2025/01/istgtdnk.html
The constitutional small "d" undemocratic corrupt "dark money" Senate and Electoral College
https://dgjeep.blogspot.com/2024/01/dark-money-senate.html
Trump is a convicted and diagnosed psychotic criminal, chronic degenerate, maniacal liar and a "fucking moron!"
https://dgjeep.blogspot.com/2025/01/be-aware.html
Small "d" Un-Democratic "dark money" Senate
https://dgjeep.blogspot.com/2024/01/dark-money-senate.html
The Judicial sophistry of "absolute immunity" creates "absolute power" to the ABSOLUTE CORRUPTION of We the People's unalienable rights under color of law... The Emperor Has No Clothes.
https://dgjeep.blogspot.com/2024/01/if-that-is-not-absolute-corruption-of.html
https://dgjeep.blogspot.com/2022/09/the-facts-of-my-case-are-without.html
DGJeep v. Supreme Court of the United States (Petitions for Writ of Certiorari 07-11115, 11-8211, 13-7030, 13-5193, 14-5551, 14-10088, 15-8884 and 18-5856)
https://www.supremecourt.gov/search.aspx?Search=David+Jeep&type=Supreme-Court=Dockets
Thanks in advance...
"Agere sequitur esse" ('action follows being')
David G. Jeep, Federal Inmate #36072-044 (formerly)
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David G. Jeep
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