Predicting when the dollar will collapse from the natural growth curve
Zhu Weisha December 11, 2024
After my article "The annual compound inflation rate of the US dollar against gold has exceeded 8.1% in the past 50 years, which is the main reason for the polarization of the rich and the poor" was published, some readers thought that the article was not convincing enough to explain the collapse of the US dollar in about 100 years by relying only on Chinese historical data. After all, the current means are much more sophisticated than those in ancient times. In fa
Satoshi Nakamoto established the Internet Age It is the last article in this series of five articles, based on my speech at the W2140 Cryptocurrency Conference. The article "Conservatism is a misunderstanding of Trump, MAGA is the practice of advanced production relations" points out that there have been agricultural, industrial, and Internet eras in the past thousand years. The characteristics of the farming era are whoever has more land has the advantage, whoever
Why Web3 does not have a killer application like ChatGPT Web3 was proposed earlier than ChatGPT. Web3 has many definitions, and everyone has his own Web3 in mind. Some say it is the next generation of the Internet, while others say it is the infrastructure for future applications such as NFT and the metaverse. The views are very advanced, but no project like ChatGPT can detonate the market all at once. The reason is: First, ChatGPT results from years of continuous
Solving the three significant risks of Bitcoin requires Satoshi Nakamoto to come out
Zhu Weisha November 18, 2024
Bitcoin's second-half gameplay has changed The spot Bitcoin ETF was approved in January 2024. Bitcoin has been rising all the way, various predictions have emerged in an endless stream, and the market is optimistic. Arthur Hayes, a celebrity in cryptocurrency, published an article that was strongly dissatisfied with the fund's entry, saying that Bitcoin is dead. The Bitcoin in their hearts is dead. He saw the risks. All the game rules have changed after the entry o
The annual compound inflation rate of the US dollar against gold has exceeded 8.1% in the past 50 ye
Zhu Weisha November 16, 2024
Voima Gold analyst Jan Nieuwenhuijs wrote in 2020: "The spot gold price broke through $2,070 per ounce on August 6, setting a new record high." In the 50 years since 1973, the value of the US dollar relative to gold has shrunk by more than 98%. Figure 1 clearly shows this phenomenon. The horizontal axis of the figure is the time axis. From 1780 to 2022. The vertical axis is the price of the US dollar.
Conservatism is a misunderstanding of Trump; MAGA is the practice of advanced production relations
Weisha Zhu November 15, 2024 The backwardness of the famous scholars Recently, I saw Fukuyama's article questioning Musk's efficiency reform. Fukuyama points out that firing government officials is not necessarily the way to improve efficiency. He mentions that people generally believe that the federal bureaucracy is bloated and overstaffed, but this is not actually the case. The number of full-time federal employees is roughly the same as in 1969, about 2.3 million, but the government now spen
Bitcoin does not represent the value of the Bitcoin system; that is, it does not represent its equity. The Bitcoin system is its accounting system. For Bitcoin's value to grow, it is best not to change. Bitcoin is a commodity, and the value of a commodity is determined only by supply and demand. When demand is high, the price rises, and when demand is low, the price falls. The expectation of demand affects the rise and fall of Bitcoin prices. The impact of news on B
Bitcoin has no advertising; how did it develop? Transactions in the circle of acquaintances First of all, Bitcoin has early transactions. Bitcoin has been traded over the counter since 2009. In October 2009, the New Liberty Standard began to publish Bitcoin prices calculated based on power consumption. On October 5, 2009, the quote was 1 US dollar to 1309.03 Bitcoins. With cost as a benchmark, Bitcoin has a floor price, the bottom of computing power. And its top is
Zhu Weisha October 12, 2024 Recently, a documentary by HBO said that the person who found Satoshi Nakamoto was Todd. It attracted global attention, primarily because of HBO's fame. But this conclusion does not stand up to scrutiny. A big-name TV station is suitable for news reporting but not for research because it does not have the right idea to find Satoshi Nakamoto. With the right idea, it is not difficult to find. In 2022, it took me less than a day to confirm who Satoshi Nakamoto was. It to
Zhu Weisha October 9, 2024 The stock market represents a company's value, which is valued based on its possible profit prospects. Compared with the world's stock market, China's and Hong Kong's stocks are both undervalued. Why are they undervalued? Their prospects are not optimistic. The rescue measures are aimed at the stock market, but there is no overall economic revitalization plan; the prospects are unclear. Value investors cannot see the future value prospects and choose to exit. It is the