Thoughts now 3-27-2020
I am watching Trump’s COVID-19 Task Force Briefing right now after he signed the $2 Trillion stimulus bill. The US just passed 100,000 positive cases (1,581 deaths), which is on par with my worst case prediction two weeks ago.
Thoughts on things 3-18-2020
Three days have gone by since I last wrote down my thoughts, so I thought I’d update them here.
Thoughts on Markets
I just sold half of my Bitcoin holdings right now, despite it being down 41% this week and 49% this month (although still up 40% this year).
Re Launching a Global Currency Is a Bold, Bad Move for Facebook
The first, and perhaps the simplest, is that organizing a payments system is a complicated and difficult task, one that requires enormous investment in compliance systems. Banks pay attention to details, complying with regulations to prevent money-laundering, terrorist financing, tax avoidance and counterfeiting. Recreating such a complex system is not a project that an institution with the level of privacy and technical problems like Facebook should be leading. (Or worse, failing to recreate such safeguards could facilitate money-laundering, terrorist financing, tax avoidance and counterfeiting.)
Psycho Cybernetics - Maxwell Maltz
Psycho-Cybernetics is a self-help book written by Maxwell Maltz that proposes that humans have a self-image of themselves which is painted by their experiences and feedback from others and their actions align themselves in order to reinforce and maintain that self-image.
Bitcoin Lightning ATM Idea
I was just thinking of some existing financial infustructure and the concept of “Bitcoin ATMs” that exist today.