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Tron [TRX] And Bitcoin Cash [BCH] Slip Of The Price Ramp

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The stupendous rise that the cryptocurrency market witnessed over the past few days seems to have come to a halt after the prices started dropping again. Popular cryptocurrencies like XRP, BCH and TRX all saw price drops, a sign of the market volatility during the period christened by cryptocurrency enthusiasts as ‘crypto-winter’.

At the time of writing, Bitcoin Cash [BCH], the fourth largest cryptocurrency in the market, was dropping by 4.85% with a market cap of $10.230 billion. BCH was trading for $586.40 with a 24-hour market volume of $962.617 million. The cryptocurrency, whose upcoming hard fork has created a buzz in the cryptoverse, had undergone a massive spike of 42% over the past seven days.

BCH chart e1541659326359

A majority of Bitcoin Cash’s volume was held by OKEx, with a total grasp of $106.549 million. OKEx was closely followed by DigiFinex where $85.476 million of the total BCH trade took place. The BCH hard fork was also put under the spotlight when Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that Roger Ver was involved in Bitcoin Cash just for the ‘tokens’ and not for anything else.

Another cryptocurrency that was buckling under the market volatility was Tron [TRX], sliding at the rate of 3.06%. The cryptocurrency was trading for $0.0235 with a total market cap of $1.547 billion. A major portion of Tron’s 24-hour market volume was held by Bithumb, on which $43.552 million worth of Tron transactions took place. Bitthumb was closely followed by Binance, the Changpeng Zhao led cryptocurrency exchange enjoying an $8.175 million grasp on the total trade volume.

TRON chart e1541659678642

Tron made news recently when the Tron Foundation announced a new bug bounty program on the famous Hackerone. The Foundation aimed to propagate their mission towards mainstream adoption by offering $10,000 as a reward for finding critical issues.

The critical issues stated by Tron covers bugs that can take control of network nodes that can be operated from remote locations. The Foundation has also promised rewards worth $6000 for uncovering other issues pertaining to Denial of Services on P2P networks.

Ethereum [ETH] Maintains Its Stronghold On The Cryptocurrency Charts

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Ethereum [ETH] has been fighting hard in the cryptocurrency market trying to fend off XRP from taking over its position as the second-placed cryptocurrency on the charts. Just recently, XRP had taken over Ethereum to become the cryptocurrency with the second most market cap on the charts, after which ETH regained its dominance.

At the time of writing, Ethereum is trading for $219 with a total market cap of $22.57 billion. ETH also held a 24-hour market volume of $1.983 billion.

Ethereum also made news recently when Glen Weyl, the Principal Researcher, Political Economy and Social Technology at Microsoft Research New York talked about the Ethereum blockchain and its Co-Founder Vitalik Buteruin. He stated:

“It seems to me that in the same way, the “use case” of @ethereum is less any particular technical question and more offering a vision of the future that can save us from returning to the 1930’s next time we hit a recession. I wonder what @VitalikButerin thinks of that.”

Vitalik Buterin was not someone to shy away from the use cases of the Ethereum network, saying that Ethereum 2.0 will be 1000 times more scalable than its predecessor. The Co-Founder of Ethereum banked upon the latest version of Ethereum called ‘Serenity’ and said that it is aimed to be more secure. Buterin also said that Serenity will be able to perform a multitude of operations while consuming very little energy. He added:

“Serenity is the world computer as it’s really meant to be, and not a smartphone from 1999 that can process only 20 transactions a second.”

Vitalik Buterin had also spoken about the Ethereum 2.0 upgrade by calling it a marked step up from the already established network. He said:

“It is a combination of a bunch of different features that we have been talking about for the past several years. We have been actively researching, building, and now, finally getting them all together.”

Tron (TRX) Delivers On A New Milestone, Again

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Tron’s project includes something called “The Tronic Support Plan” which was created for a single purpose: to enhance and speed up the adoption of Tron’s TRX cryptocurrency. Yesterday, the Tron foundation announced officially that the plan’s third phase is successfully completed. This prompts the release of more than eighty-seven million TRX tokens.

Those coins used to be locked by the Tron foundation. They will be released into a locked address which ranks 489 among the 1000 known Tron addresses known to exist. But it’s important to notice that this will not create any kind of inflationary pressure on the asset because the number of tokens available will not be affected by this move.

The Support Plan Marches On

The foundation announced the news through its official blog. It was very clear in saying that it’s undertaking actions to ensure that all the community members that have been supporting the Plan since it started will get some kind of reward. The foundation stated that those released TRX coins would be cleared and the new address will be wiped out from the current locked addresses list.

Furthermore, the Foundation wrote that the tokens still in the platform’s care will be used to match the funds that are currently funding its supporters. The Tron community will be able to confirm all that once the platform releases everything next January 2020. The ownership of all the addresses that are being currently released will be transferred to the community.

The Foundation will remain in charge. It will release the funds to finance recognized supporters, and that will correspond to the tokens that haven’t been released yet to the public at large.

What about Tron’s future?

The Tron Foundation has been remarkably grateful to its community and supporters. It’s thought to be the most engaging blockchain project in the world, thanks to its leadership. And it seems it will continue to be the same in the present and the future as it’s thanked the community for becoming as big as a hundred million users since it went live, barely a year ago.

The project’s leadership reminded the community of the project’s aim, which is to turn the web into a decentralized ecosystem that runs on blockchain technology (Tron’s blockchain, more specifically). And that will enable the foundation to keep engaging supporters and users who have shown an incredible degree of faithfulness to the brand as well as the ideals.

The success shown by the Support Plan is expected to prompt the Foundation to change the total number of tokens in circulation at any time. The plan includes to publish, sometime soon, a list of all the community members that have been pivotal in supporting the project, and to honor them for the contributions they’ve made since the project started.

The Tronix token’s price remains cheap (some would say stuck). But the project keeps delivering results as every projected milestone is met with results that surpass expectations, especially by the Tron-skeptics.

If you are among the skeptics, take a bit of time to review Tron’s recent history. If you’re among the enthusiasts, don’t lose your head. There’s a lot of progress, but there is also a very long way to go.

CITYUPTAKE – A New Approach To Rewarding TRX Holders

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With the Tron community awash with new projects and tokens, finding those innovative projects with real value can be a challenge.  SesameSeed is setting a great example for how to launch new projects that have real promise for future value with Poppy, Eggies.World, and TronWatch.  Another such project that shows great promise is a venture that seeks to provide the benefits of active trading with the security of “hodling”.

CITYUPTAKE has been quietly building a strong reputation for rewarding its holders with rewards that claim to be multiples more than voting alone. Launched with very little fanfare in July, the project now boasts a voting portfolio of over 6 million TRX, a Telegram channel with over 500 members, and growing number of serious TRX holders.  The top 30 holders have contributed an average of over 200,000 TRX.

Jason Lavender, the Founder, claims to have created an opportunity to enjoy the potential gains from the volatility in the price of Tron by establishing a Trade Desk that CITYUPTAKE owners help build with their purchases of CITYUPTAKE.  This Trade Desk has grown rapidly from 25,000 TRX when the project began, to over 1.4 million to date.  TRX earned through active trading are shared to CITYUPTAKE owners each week.

Every CITYUPTAKE is backed by one TRX creating a pool of over 6 million TRX which are used to vote for SRs that provide the most lucrative rewards to their voters.  These rewards are shared daily with CITYUPTAKE owners.  Holders of CITYUPTAKE enjoy most of the SR rewards they would from voting, but also receive the weekly Trade Desk rewards as well.

Enthusiastic holders of CITYUPTAKE are quick to point out that the value of these rewards are three to four times the value of just voting, creating a stream of residual rewards that could become a very valuable flow of income should the price of Tron appreciate.

When asked about the end goal of the venture, Mr. Lavender shared that his objective is to manage a large fund that provides value for token holders while building an SR portfolio that can essentially play kingmaker and vault any SR candidate into Top-27 status, including CITYUPTAKE’s own “MRLAVMAN”, an SR candidate created in late October.

The CITYUPTAKE community is very excited at the prospect of sharing the rewards of an actively traded account that is funded by block rewards paid to a Super Representative.  A Trade Desk of a few million could quickly grow to much more.

The potential is real, but the road to top-27 is long.  Still, it might be worth your time to investigate CITYUPTAKE for yourselves.

Tron Price Analysis

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At the time of writing, Tron [TRX] is growing by 3% and is trading for $0.023. The total market cap TRX is $1.54 billion, with a 24-hour market volume of $87 million. A majority of TRX’s trade volume is held by BitForex, with transactions totaling $21.074 million worth of TRX. BitForex is closely followed by Rfinex, covering $13.136 million of all the TRX trade.

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The Bollinger bands look to be converging which indicate that we are still in a bear market. The Bollinger clouds on the other hand have expanded greatly, which may indicate a future entry in the bull market.

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The Relative Strength Index has been stable, close to the middle, which indicates an equilibrium between the buying/selling pressure. TRX, during its spike on November 3rd had started to climb towards the overbought zone after which the change in the investor sentiments bought it back down to the middle of the graph.

TRX price increase can also be explained by recently when Justin Sun’s announced that TRX will be listed on Bestex, United Kingdom based global digital asset spot trading service provider. Sun tweeted:

“#TRON will be listed on Bestex (http://www.bestex.io ), a global digital asset spot trading service provider founded in December 2017 and based in the UK. TRX/USDT will be available on November 16, 12:30pm (SGT). $TRX #TRX.”

 

Tron [TRX] Daily Transaction Number Breaches The 1 Million Mark

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Tron [TRX] seems to be on quite an upsurge with latest reports confirming that the cryptocurrency has broken its transactions record, breaching the 1 million mark on November 4th. Tron’s transaction number peaked at 1,018,795 beating its previous record of 996,041 set on November 3.

TRX, which has been on a developmental run, has been making the news consistently for breaking the daily transaction records consistently over the past few weeks.

The reports also showed that on November 3rd, the combined transactions number of Bitcoin [BTC], Ethereum [ETH] and XRP amounted to 1,019,583 which was a mere 23,542 transactions more than Tron’s individual amount.

Tron also appeared in the news earlier, when the Tron Foundation announced that a bug bounty program will be launched on Hackerone. Tron set the reward of $10,000 for discovering potential technical vulnerabilities on the Tron network.

Critical bugs found on the network include bugs that can take control of nodes on the network by the remote execution of any code on the network. Another bug in this category are bugs that can lead to the leakage of users’ private keys. These have a bounty of $10,000, which are set to be paid out 14 business days post the submission of the report.

 

TRX Gets Listed On CoinSuper

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Liquidity is an extremely important quality for any asset, be it regular or digital. A liquid asset is cash on hand or an asset that can be readily converted to cash. Being listed on more exchanges increases the liquidity of a digital asset. Tron did exactly that in the last year by listing TRX on a total of 66 exchanges, out of which the largest volume is held by Binance, Rfinex and OKEx. The latest exchange on which TRX will be listed was announced today.

Justin announced that TRX will be listed on Coinsuper, a Hong Kong-based “FIAT-to-Crypto” Exchange founded in 2017. Users will be able to deposit and withdraw TRX on the exchange starting with November 1’st, and exchange TRX/BTC and TRX/ETH starting with November 2’nd.

Coinsuper is committed to crafting a world-class cryptocurrency exchange to drive better participation into the financial world of digital assets. With its reliable, stable and high liquidity, as well as a deep bench of industry specialists, the platform has gained a solid foothold in the ranking of 24 hour trading volume among top 30 on CoinMarketCap.com  with over 1 million active users since its launch in February 2017. At the moment, Coinsuper is on the 27’th place in terms of 24 hour volume. Coinsuper has a total volume of $137.4 million in the last 24 hours. The largest volume on the exchange comes from ETH/USD, BCH/USD, BTC/USD and BCH/BTC.

The effects of these TRX listings on exchanges are not seen right now due to the current bear market. As a result, the TRX volume and price remains unaffected. Think of it as a seed, planted in the ground just before winter comes. The seed will remain covered, waiting for the right moment. When spring comes and the snow melts away, the seed will start to grow and be harvested once it reaches maturity. The same thing will happen to TRX in the bull market, yet to come.

UPCOMING Tron Events

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Warren Buffet has a saying: Risk comes from not knowing what you are doing. If you want to be a good investor and minimize risk, it’s your job to gain as much knowledge as you can. Gaining knowledge about the market will often allow you to identify certain opportunities. These opportunities, if acted upon at the right time, have the potential to increase the value of your portfolio significantly.

We decided to highlight some valuable information through this article. Although this information is publicly available, we realize not all people have the necessary time to gather or keep track of it. The following represent in our opinion, the main upcoming events on the Tron Network within the next three months:

November 2018:

  • IGG 1:1 Airdrop – IGG has an upcoming 1 to 1 airdrop in November. This means that you will receive 1 IGG for every 1 IGG you hold. There will be a minimum IGG requirement for eligibility to this airdrop, which will be disclosed when appropriate.

IGG

  • TWX Partner Airdrop Celebration – A total of 6M Tokens will be rewarded in this airdrop. The requirements are a minimum of 50K TWX / 150K TWX / 200K TWX for each of the three airdrop phases.

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  • TRONbet distribution of ANTE and dividends – On Nov 1st TRONbet will take a snapshot of everyone’s ANTE. Over the next 24 hours all ANTE will be automatically transferred to the corresponding wallets that hold ANTE. After that, the dividends will be paid accordingly.

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December 2018:

  • TronWallet P2P Exchange Beta/Pay – According to the TronWallet roadmap, a functioning version of the exchange will be launced in December. The P2P Exchange will boost the entire Tron ecosystem.
  • EGGIES beta launch – Eggies has prospects to launch a stable playable version of the game by the end of the year. Join them in the Telegram channel for the latest updates, pics and information.

eggies 1

January 2019:

  • Numex Exchange launch – 26 Tokens were voted to be listed on the Numex Exchange once it launches in January. Some of the tokens are from the Tron Network. Make sure to check if any of the tokens you hold will be listed on Numex.

  • niTRON Summit – This event will feature inspiring content from industry thought leaders and key community members. Unlock the vibrant world of the TRON ecosystem and all that is possible with blockchain through the power of TRON! Join the TRON community to fuel your mind and passion.

Top 5 Tokens On The Tron Network

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There are so many tokens, and so little TRX. If you’re a good investor, you are probably thinking and debating what tokens to buy next, before the big winter spike. Search no more! In this article we will cover the top 10 tokens on the Tron Network. These are, in our opinion, the tokens with the biggest potential to increase in value over the next few months. Investing in any of the tokens below is, however, not risk free. We urge you to do your own research and see if you come to the same conclusion as us.

SEEDS

1. SEED – The leader in all aspects on the Tron Network. SEED is Sesameseed’s token. Sesameseed is the Super Representative with the most votes. They created the Seedit Bot which serves as a medium for Tron Network token exchanges on Telegram. They also created the SeedGerminator, which is a funding accelerator for legitimate Tron DApps. SEED is the most liquid digital asset on the Network, has a clear use case and increases in value constantly and consistently due to the ecosystem created by the Sesameseed team.

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2. IGG – A gaming token. Second most liquid asset on the Tron Network. It has a highly disruptive potential in the gaming market, which by the way, is kind of big. So big, that if IGG manages to capture just a small fraction of that market through partnerships, the price of IGG could skyrocket. The team behind the token is very professional and is currently working on a platform that would reform the way competitive gaming occurs in the esports landscape.

twm3. TronWatchMarket (TWM) – A token used on a decentralized exchange on the Tron Network, funded through Seed Germinator, which will allow you to trade any Tron token safely and securely. TWM will be used similar to the BNB token. It will serve to reduce fees or eliminate them entirely for life. Liquidity and demand for this token is not yet very high, but once the exchange will open, the price for TWM will most likely increase because of its utility.

eggies4. EGG – This is a token required to play the game Eggies which was funded through the SeedGermaniator. The value of EGG is currently set at a fixed price by the game creators, while on the market its price is under the ICO price. However, the price will most likely increase once the game is released and rewards start to hit the players. Besides the EGG tokens, this game will also have SEED EGG, EGGUITY and partner food tokens which will also probably increase in value once the game is live.

pop5. Poppy –Tokens which represent equity. Poppy aims to lower the barrier to entry for retailers wishing to enter the crypto payment space by creating an application to accept TRX and other Tron tokens using existing POS systems. Poppy tokens entitle the holding account dividends to be distributed by Sesameseed as SEED tokens monthly. So each Poppy token holder will receive a part of the company’s profits.

Bitcoin Part 2: The Future Of The First World

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The Course of Empire- Painting 4, Destruction by Thomas Cole, 1836

Buying bitcoin in the first world is like buying a boat ticket in Pompeii when Vesuvius started smoking.

In Part 1, the focus was on the value Bitcoin brings to the billions of the unbanked, which are oppressed in the third world.

In the not so distant future, Bitcoin will also be a critical store of value for people in first world economies.

The first world has different economic problems compared to the third world, but the pitfalls can be just as deadly to a person’s wealth.

Bitcoin provides a way for people to sidestep these pitfalls, when Rudyard Kipling’s, Gods of the Copybook Headings return once again to humble first world economies.

The new Federal Reserve Chairman, Mr. Powell, says that is our future.

In the first 1:37 minutes of this video, he calmly states:

“We’ve been on an unsustainable fiscal path for a long time.”

Think about what that means.

The US has half the world’s capital in their markets, US$30 trillion out of the US$60 trillion in all world markets, is the sole world superpower, and is the world reserve currency.

Why is Chairman Powell so calm when he says: “yes, the road we’re on leads only to destruction”?

Because as the US goes, so follow all the first world economies.

That is the not so distant future that awaits us all.

Strategies for the future should be multi-faceted, to allow pivoting and adaptation, so the opportunities presented as the future unfolds, can be exploited to always be more wealthy than the year prior.

This is whar collecting the tax on human behavior means.

Most people in the first world are unaccustomed to the daily hard realities which third world countries are intimately familiar like weekly food inflation, bank and social services closures, and fuel shortages.

When they encounter this reality for the first time in the future, most will not become reflective on why their beliefs did not match the real world around them, adapt to reality, and win.

Instead, they will most likely strike out in anger and fear because something they believed to be theirs, is being taken away.

It is just basic human nature which will continue to fuel politicians. Politicians will tell whoever votes for them whatever they want to hear.

In the future, a combination of chaining younger generations deeper in debt through increased deficitary spending, together with keeping unsustainable peograms from the past 50+ years while raising taxes, will cause businesses and people to leave the country.

This is a story as old as Rome, and thanks to human nature being the one constant in the ecuation, it makes it a cycle that is boringly predictable in our society.

In this not so distant future, Bitcoin will be a hedge against this cycle which leads to increased inflation of reserve currency, suppressed to zero interest rates, and eventually the confiscation of assets by governments which will follow when the first two no longer work.

When we reach the end of this unsustainable path, having Bitcoin in a cold wallet, which a person can carry in their pocket is going to feel like taking the last boat out of Pompeii, all while hearing Mount Vesuvius just turned off the lights behind you.

Sad for the destruction and thankful for the escape, all at once.

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Nakamoto put a reference to this page and the bailouts in the first block of Bitcoin on 03 Jan 2009

Nakamoto’s US$6 Billion Sacrifice

Knowing how Bitcoin became a store of value, shapes why it will continue to have value to the world in the future.

At first, Bitcoin was a peer to peer digital currency.

As the years passed, and the world collectively realized what Bitcoin truly was capable of, it became much more valuable — the first new store of value seen on the earth since Egyptians were painting liquid gold onto sarcophaguses 4,000 years ago.

That is the magnitude of what bitcoin has achieved in 10 years.

Nakamoto’s sacrifice of giving up his 980,000 Bitcoin, now valued at US$6 billion, and disappearing gave the first world their best chance at a new, secure, and portable store of value.

Think about it, human nature never changes. There is more than one way for a blockchain to be centralized.

What good is an electronically decentralized blockchain as a store of value if it has centralized pressure points (person, group, company) for governments and special interests to target and exert influence?

To be clear, a business or project being centralized is completely different than a store of value.

Nakamoto intentionally left himself out of the future of Bitcoin — denying every first world government the ability to exert influence on bitcoin in the future which is coming.

His sacrifice ensured Bitcoin would be leaderless, mathematically absolute, transparent, and fair.

For the first time in human history, anyone, anywhere in the world, has the same access and ability to store value which cannot be influenced by governments, geography, nationality, society, culture, religion, or politics.

Nakamoto’s sacrifice made that possible, and without it, the world wouldn’t have the store of value it desperately needs for the not so distant future.

21 Million Gold Bars

There are now 17 million Bitcoin in existence. It will take another 122 years to mine the next 4 million coins to reach total supply at 21 million bitcoin.

Estimates differ on how many Bitcoin are permanently out of circulation including Nakamoto’s 980,000, computers crashing, and private keys being lost in the early days of mining.

There could be 3 to 4 million Bitcoin lost forever, meaning there are only 13 million in circulation currently.

Only 13 million gold bars up for grabs by 7 billion people on earth.

To put the incredible odds of owning one entire Bitcoin right now into further perspective, there are 36 million millionaires in the world.

If every millionaire in the world wanted to just buy one Bitcoin, 64% of millionaires in the world wouldn’t be able to buy one whole Bitcoin.

There just aren’t enough in existence.

Financial institutions and governments understand this scarcity model even if most millionaires apparently do not.

Since they have been unsuccessful at destroying Bitcoin, the only thing left is to control the new store of value, using Bitcoin’s scarcity for their own benefit as the world continues on this unsustainable fiscal path into the future.

For example, doubt it is coincidence the SEC set the requirement “to protect retail investors” of a minimum purchase for one share of VanEck ETF to equal 25 BTC.

Driving the price high enough prevents future private ownership of entire bitcoins.

How?

The higher the prices go, the less people will want to be solely responsible for that much money on their own.

This helps ensures future retail participation is in the form of shares of funds held through retail custody solutions which institutions are currently working on now.

Most people are creatures of habit and comfort.

They’d be scared to death of having $400,000 in Bitcoin on a cold wallet in their sock drawer.

The Deadly Love Affair with the Idea of Freedom

People like their online brokerage or retirement account interface. They like being able to email or call someone when they forget their account password.

So they will prefer to use that solution for cryptocurrency and blockchain exposure as well.

Most people will never open an actual cryptocurrency exchange account, let alone have their own cold wallet, taking responsibility for their retirement savings and investments.

They just don’t have the stomach for that kind of freedom.

Just like most didn’t volunteer and go fight in Afghanistan, but love shooting fireworks and barbecuing on the 4th of July while they celebrate freedom.

Its the same thing.

Why?

Because for most people, loving the idea of freedom and the actual steps it takes to make freedom happen are interchangeable.

When in reality, nothing is further from the truth.

The idea of freedom is comfortable for everyone while the steps to real freedom are difficult and taken only by a few.

Mainstream blockchain and cryptocurrency adoption will be no different in the future.

Everyone will love the idea of the freedom it offers, but most will want it only if they can still have the comfort of a 1–800 number to call when they forget their password, and will definitely never want to handle their own private keys — that much freedom will just outright terrify them.

Most will wrongly think owning shares of a bitcoin ETF through their brokerage account will be the same as buying actual cryptocurrencies and blockchain projects themselves and keeping their investment on a cold wallet.

But it won’t be the same, and those who have physical ownership of their Bitcoin, will be owning an asset rarer than millionaires on the planet, cobtributing to the scarcity of the asset by having direct ownership of it.

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From the outstanding infographic showing how the evil Cyprus bail-in worked — source

Remember the Golden Rule — “He who has the gold, makes the rules.”

Institutions were bailed out by governments in the last financial crisis of 2008.

Governments could do this because they could create additional fiat currency.

Bitcoin is different. No more can be created. Ever.

History doesn’t repeat, but it rhymes.

Cyprus was the first time a bail-in was done in a western democracy and the world did not flinch.

Most, probably can’t even remember the year it started. That is how successful it was.

This infographic does an excellent job showing how the confiscation from people’s savings to backstop their bad policy worked.

The scope of what the institutions accomplished with the confiscation, while ensuring the elite and Oligarchs were able to withdraw billions first, is terrifying, and should serve as a warning for any assets kept through an institution into the future.

When an institution has custody of Bitcoin, then they control it, can withhold access, and even confiscate it like the Cyprus example.

This is where people mistaking the idea of freedom for actual freedom can be deadly.

As the not so distant future unfolds, the world will see what happens as first world economies unwind the experiment their central banks conducted for the last decade of artificially low interest rates and exploding sovereign deficits.

At the very least, Bitcoin offers a hedge in the event the unwinding of this global experiment does not go smoothly.

But only if a person controls their Bitcoin directly and does not use a future institutional custody solution.

A store of value is only something which a person controls, and the only thing a person controls is what they physically own.

If it is not in a cold wallet, which is in a person’s possession, they don’t own Bitcoin — the bank and the government does when they decide they need it in the future.

No cold wallet, no boat ticket out of Pompeii.

Perhaps the first world can avoid the fate of previous civilizations which marched along this treacherous fiscal path.

But just in case the first world cannot avoid the fate of previous civilizations, what is the harm with using the newest store of value since King Tut was sealed away in the Valley of Kings, happens to be rarer than millionaires on the planet, and isn’t controlled by financial institutions and governments yet as a hedge against this potential danger?

While I sip a doppio espresso in the piazza, looking up at Vesuvius smoking and wonder if there is any danger at all, and if so is it near or far, it’s nice to at least have a boat ticket in my pocket.

None of this is financial advice. Just sharing what has shaped the decisions I’ve made with my own money.

Bitcoin Part 3 is next. See you there. — Radigan