by theluckycountry » Tue 06 Jan 2026, 06:54:03
Ethereum Ready To Solve Blockchain Trilemma:
Ethereum co-founder Vitalik Buterin claims blah blah blah.
Just another shitcoin, they are all intrinsically shitcoins. BeeniBabies, lavaLamps.
But the coinheads have to throw this twaddle out there like spaghetti against the wall to see if any of it sticks and they can sucker in a few more dollars to their pyramid schemes. I'll never forget a conversation I had with a client back before I retired in 2021. He was always a hopeless investor, always coming in at the top and taking a big stake. He's just bought into dogecoin at around 50 cents and I said off the cuff, "Well if you're buying into it, it must be the top." He didn't like that, and I normally wouldn't say that, but after putting up with the clown through the GFC bubble losses I'd had enough. Today Doge is 15 cents, it never made it back up to the price point when he bought in, but hey, 1 doge = 1 doge as the idiots say over on reddit.
And bitcoinHeads have their own brand of idiocy, it's called complexification. Before anyone can stop for a minute and actually think about what they are doing investing in these magic beans some website luminary comes out with another layer of bullshit to add to the description of what BC is and what it does in the world. Considering it actually DOES NOTHING but consume Terra Watts of electricity as it's shuffled back and forth it's quite comical. Even the mining side is quite comical, and adds to the egregious waste of power. These little puzzles that the miners have to solve involve dozens, possibly hundreds of different miners all burning tons of coal to power their equipment, but in the end only one gets the 'sale' and makes the profit. All the rest is just wasted effort.
But that's the digital world now isn't it. How much is actually productive useful computing and how much is Hi Rez gaming, HD porn being downloaded into darkened rooms? And youtube, a massive consumer of electrons and well over 50% is just total clickbait designed to titillate. How much is the same crap recycled over and over by every new videographer that want's to make bucks off the Titanic or the latest Ford truck. There is no regulation and nor should there be, but like everything else mankind puts his fingers on it has turned to SHIT. I look up a vid on the best way to change the oil in one of my bikes and I get 3 variants, One very useful and introducing a trick I never would have thought of. One stupid and awkward that would have you working on the wrong side of the bike, taking off the wrong plastic panel and having to work in a confined space. And one just plain ridiculous that would see your garage floor covered in hot engine oil.
But BTC is not like motorcycle maintenance where the person engaged in it has hands on and can see obvious flaws. They are, or should be, on alert for flaws. No the people engaged in BTC just buy and then stick their fingers in their ears chanting La La La, I don't want to hear anything more about it. They create their own echo chamber and hide inside it.
Every asset you buy should be accompanied with a plan to sell. that's just investment 101. But the Hodl mantra has blinded these poor souls, they have no exit strategy, none at all! I have an exit strategy involving Silver, naturally, it's based about percentage increases, if the Silver skyrockets a lot I will begin to sell. But that hasn't happened yet, it's only up 255% over 5 years. And half of that is normal inflation. The fact that half of it nearly has occurred in the last 6 months means nothing! Oh it's up a ton compared to everything else but that doesn't make it a sell. When I sat everything else I'm talking about real secure investment grade stuff, not bubble stocks like Tesla or Strategy. Tesla's gone from 250 to 450 in the past 6 months but what made it collapse from 440 to 250 back at the beginning of the year? Musk in politics? Possibly, but if that's the case then it proves the company is a BS company trading on emotion not actual industrial innovation and market share. Caterpillar took a hit at the same time, from $400 down to $280. Was CAT involved with Trump politics?
You can't compare Silver and Gold or even farmland to the stock markets, they have nothing in common. One group is true investment grade and the other speculative digital manipulations. And at the top of the speculative digital tree? Shitcoins naturally.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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On 1 Jan 2026 1 BTC = 20.329 ounces of Gold that was 8.07 ounces less than my prediction/bet. Congratulations.