Month: June 2021

WTF Happened in 1971?

I found a website with economic charts from 1971 until today. The site is simply called wtfhappenedin1971.com. It’s a collection of interesting economic graphs showing the demise of the US (and the West) since that particular year. In case you’re not familiar with the context, watch President Nixon ending the Gold Standard in August of 1971: P.S. Wtfhappenedin1971 is by a bitcoin company called RiverFinancial. I do not know who […]

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How Dominant Is Ethereum?

Are all DeFi tokens listed on Ethereum? I went through the top 100 projects under Coinmarketcap’s DeFi tab and clicked on each one to find their respective platforms. 10 do not have a platform listed. Most likely they have their own chain. 77 are on Ethereum 34 of these are exclusively on Ethereum 36 are on the Binance Smart Chain 9 of these are exclusively on Binance 20 are on […]

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The Daymak Bitcoin Mining Car Is Nonsense

The electric vehicle producer Daymak Avvenire promises bitcoin mining in their upcoming Spiritus Deluxe model. Delivery is estimated for 2023 but you can pre-order it already now. Their campaign states: The Daymak Spiritus will be the first electric car in history to mine cryptocurrency while it is parked, including Bitcoin, Doge, Ethereum, Cardano, and more. This makes no sense! Cardano is not mineable. It uses proof of stake. You need […]

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How To Become a Billionaire Investor

Let’s entertain the idea of becoming a billionaire through investing. How much risk will you need to take? How much capital should you have initially? I will explore two radically different approaches: Compound interest, i.e. above average return year after year Warren Buffet style. Multiple 10x returns without blowing up. Einstein called compound interest the eighth wonder of the world. Even if you achieve a modest 10% annual return over […]

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