Errant Elk @errantelk X Profile

Errant Elk

@errantelk

Followers

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Following

5K

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american explorer of hinterlands: bitcoin, monero, conservatism, austrian, macro, behavioral econ, carbon fuels, gold, silver, geopolitics

Joined June 2014

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Errant Elk

@errantelk

7 years

bitcoin is a flywheel.

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ReadBTC

@readbtc

6 years

Grayscale says 'real growing' effort is under way to move activity away from #China, which dominates digital coin #mining. The world's biggest #cryptocurrency asset manager said on Tuesday that it was seeing efforts to shift #bitcoin production to North America from China.

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Errant Elk

@errantelk

9 years

Learn how to buy bitcoin.

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Ben Hunt

@EpsilonTheory

6 years

I just published an update to this note, where I developed an absurdly simple model of how I'd show "Progress in the War against Coronavirus!". It predicts the DAILY reported death rates with ridiculous accuracy. They're. Not. Even. Pretending. Anymore. https://t.co/GeJazNuB7Q

epsilontheory.com

China is fighting nCov2019 exactly like the US fought North Vietnam ... with policy driven more by narrative control than by what's best to win the war. That was a disastrous strategic mistake for...

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PlanB

@100trillionUSD

6 years

*** Update: my 2 sats on #bitcoin price: - 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now) - May 2020 halving: will be above $10k - 2021: bull run starts after the halving and tops $100k before Dec 2021 #NotFinancialAdvice

PlanB

@100trillionUSD

7 years

My 2 cents on #bitcoin price: - 2019: btc stays above 200-week moving average (now $3200 and historically never declining) - 2020 halving: will be around $8000 (blue), on trend-line like 2012 & 2016 - 2021: bull run starts after the halving (red) and tops $100k in 2021 (orange)

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grubles

@notgrubles

7 years

#Bitcoin mining: Estimated Next Difficulty: 5,681,238,052,684 (-14.61%)

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Marty Bent

@MartyBent

7 years

The best way to peacefully protest is to use your voice + money to exit the system oppressing you. #BuyBitcoin #parisprotests

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AJ Garnerin 3.125 ∞/21M 🇸🇻 Rogue money respector

@ajgarnerin

7 years

This is where the magic happens. Credit where credit is due: @saifedean

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Errant Elk

@errantelk

7 years

it is a dynamic, complex system, growing ever higher skyward.

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Errant Elk

@errantelk

7 years

it is both a heatsink and a heater for the world.

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Errant Elk

@errantelk

7 years

the system is self-crediting; it encourages individuals to participate and provide infrastructure and liquidity, even utility to it.

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Errant Elk

@errantelk

7 years

the price swings grow in force over time but generally in ever decreasing magnitude.

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Errant Elk

@errantelk

7 years

this yo-yo effect (yin-yang) moves but in multiple dimensions, along multiple axes.

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Errant Elk

@errantelk

7 years

as it is heating up, it returns energy to the world.

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Errant Elk

@errantelk

7 years

as it cools off, it draws energy into it.

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Errant Elk

@errantelk

7 years

zero supply-demand elasticity makes this possible.

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Errant Elk

@errantelk

7 years

but it will pick back up.

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Errant Elk

@errantelk

7 years

currently it's spinning down.

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