Tim Knowles
1 min readJul 10, 2021

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This is only half the story.

"The price of an asset is noise. Focus on value. Focus on what problem it solves."

If you are focused on value you would balance the problems it solves against the problems it creates.

Does Bitcoin create more value than it destroys?

Does Facebook create more value than it destroys?

We must consider the costs as well as the benefits.

Do fossil fuels create more problems than they solve? Are there better alternatives to Bitcoin?

Are there better alternatives to fossil fuels?

Ethereum should make Bitcoin obsolete, it is a better mouse trap. Sadly better mouse traps are not always adopted, anyone remember beta vs VHS.

We all know that consumers will make bad choices and we know that consumers will be propagandized to support whatever will make the rich richer. Volatility does not equal growth.

"Throughout the journey there has been plenty of 50% reductions in price. You have to be okay with volatility. Volatility equals growth."

Volatility equals fear, why do you think they call the VIX the "Fear Index." Volatility favors those who have inside info and the fastest trading system, a group call "The Rich." That is how the rich get richer. I think it is pretty clear you are part of "The Rich."

You are pumping Bitcoin but you did not disclose exactly how much you stand to gain if Bitcoin rises.

TEK

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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