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@siggy47
stacking since: #30782longest cowboy streak: 979npub1ph0g0...nnkqkmyl6h
Does anyone know of a source for a list of the nyms of those who joined the cypherpunks mail list in the nineties?
I finally sat down and read it. Bravo! And, you ended it with references to the finest film ever made.
I love this deep dive. I need to go back and read it more carefully when I have the time. Great work. I spent a lot of time on Lopp's piece when it came out. Nic Carter had a few at the time too. I see you cited one. His annoyed the hell out of me, and it has colored my impression of him to this day. Lopp, on the other hand, had lots of good info, and I thought he was even handed (for a shitcoiner😀)
I know. Like the old days, when the cop would place your car keys on the hood and tell you to sleep it off, rather than locking you up for DWI (or so I hear)
It definitely goes to price, not utility. I think it is only an issue with "hard" assets, ie -those with limited supply. Stocks and bonds can be sliced and diced indefinitely. It is just a pricing thing, but it can be long term, I would imagine. Gold bugs think the price has been suppressed for over 100 years (federal reserve) and was made more extreme post 1971.
I'm no expert, but I'm sure there are a trove of books and articles referenced on gold bug sites. I remember hearing these theories in the early 90s when I was into gold, long before gold etfs(2005?). Its all about rehypothecation, which supposedly is easier with etfs.