Thanks Chris - I really appreciate the reply and also your piece much of which I agree with excluding mainly the store of value comments which bitcoin (not crypto in general) has so far been in the long run whereas cash most definitely isn't excluding the very short run. Nevertheless a main issue against bitcoin acceptance is its volatility but perhaps if it becomes more widely adopted with innovations such as the lightning network then the volatility will lessen. However, if some distributed autonomous rule run ledger does become a widely accepted standard then innovation in the financial system could be quite transformative.
They credit Johnson with the election victory when the real reason was that Corbyn was the alternative. Johnson is a populist but the ice is thin and he will continue to stumble, the Brexit deal is basically rubbish and has no place in a modern trading country. The poor in the UK are cynically targeted for cuts both in services and direct payments. Statistics are thrown about as fact when knowingly wrong eg fastest growing economy when it’s only rebounding from the worst decline in the western world. Of the employment numbers you just have to look at the food banks to see that so so many are working poor. Students are saddled with huge debt after 3rd level, in most cases never to get out from under it. Having Jacob Rees Mogg as leader of the house is a Marie Antoinette moment of epic proportions, rubbing peoples noses in it. Witness his manner and pointing at Stamer when Johnson disgustingly slurred him this week with Jimmy Saville. The Tories must go and go for good.
Worth a read https://www.washingtonpost.com/business/energy/after-cryptos-cold-winter-expect-springtime-for-web-30/2022/02/06/ff968b56-872b-11ec-951c-1e0cc3723e53_story.html
Thanks for the link. I wrote a piece today in response to that article by Ferguson.
Thanks Chris - I really appreciate the reply and also your piece much of which I agree with excluding mainly the store of value comments which bitcoin (not crypto in general) has so far been in the long run whereas cash most definitely isn't excluding the very short run. Nevertheless a main issue against bitcoin acceptance is its volatility but perhaps if it becomes more widely adopted with innovations such as the lightning network then the volatility will lessen. However, if some distributed autonomous rule run ledger does become a widely accepted standard then innovation in the financial system could be quite transformative.
They credit Johnson with the election victory when the real reason was that Corbyn was the alternative. Johnson is a populist but the ice is thin and he will continue to stumble, the Brexit deal is basically rubbish and has no place in a modern trading country. The poor in the UK are cynically targeted for cuts both in services and direct payments. Statistics are thrown about as fact when knowingly wrong eg fastest growing economy when it’s only rebounding from the worst decline in the western world. Of the employment numbers you just have to look at the food banks to see that so so many are working poor. Students are saddled with huge debt after 3rd level, in most cases never to get out from under it. Having Jacob Rees Mogg as leader of the house is a Marie Antoinette moment of epic proportions, rubbing peoples noses in it. Witness his manner and pointing at Stamer when Johnson disgustingly slurred him this week with Jimmy Saville. The Tories must go and go for good.