solotronics

Company -> hires lawyer to register Company2 -> Company2 -> hires lawyer to register Company3 -> etc.

Yes the onramp and offramp might become illegal in some countries, I am not sure what exactly would happen to the price then but some historical examples are alcohol prohibition, the drug war, and gold in the US during the 20th century. The price might actually skyrocket if they make it illegal...

Say you had a note that corresponded to having a hamburger. As long as the note actually is convertible for a hamburger it has basically a fixed value and is therefore useful. It might even be more valuable in the future if a burger costs more $. What happens when there are more notes than hamburgers available? Nothing bad might happen for a while. What about if there are all of a sudden 1000 hamburger notes for every physical hamburger? What if at a certain time more people want a hamburger than there is supply for? The hamburger note devalues and becomes worth less than an actual hamburger.

Trading goods, shells, physical gold/silver, notes of credit, private gold notes, public gold currency notes, fiat currency, credit, and finally cryptocurrency.

If you can loan billions of dollars for nearly no cost why not put it into something speculative? With a low enough interest rate it would even make sense to take out loans to buy gold, the fiat cost of your loan is impacted by inflation.

Take out a $50k loan this year. Buy gold and bitcoin with it. If the assets appreciate pay off the loan and either collect your profit or let the "free" investment sit. Look at the historical price of bitcoin and there is literally no point you could have bought it and held for a few years and not made money. Take out another loan and repeat.

His conclusion is that Bitcoin is a disruptive currency. It is equivalent to how Facebook disrupted and captured social, Amazon disrupted retail, Google disrupted info. Bitcoin is disrupting centralized controlled currency. It is replacing central control with something democratized and decentralized.

I think I could have made roughly as good of a living being a plumber, an electrician, or a welder! A good electrician around here makes 150k a year. I think the best career advice I heard was pick something you can stand doing and work as hard as you can at it, try and be as good as you can, not measured against someone else but for your self. If you pick a career where expertise matters and it has demand and you work harder and smarter than other people you will do fine.

Joel Salatin has been doing no-till, no fertilizer farming at scale for years and his videos are really eye opening on what is possible. As a layman with a small home garden I do not have the expertise to say if this would work for more people but it is interesting to read about.

I always thought this is what the target is for with the Libra cryptocurrency.