24 Comments
User's avatar
Julien Pervillé's avatar

If it walks like a Ponzi, if it quacks like a Ponzi it's a Ponzi.

Fell Choice's avatar

Gosh, what next? We find out Vegas is a racket!?

No1's avatar

Yeah true. I've been beating that dead horse for a while now.

But it's an important inflection point.

The never seller selling...

Fell Choice's avatar

Looks like that doppelganger of yours is back v v

No1's avatar

*poof*

Fell Choice's avatar

My most flip and least thoughtful comments draw the most attention.

Chad Thundercock's avatar

Shouldn't be called Kingdom of Strateggos instead?

No1's avatar

That's a good one! I like it 😍

Buffalo_Ken's avatar

If "usury" is the game - the price will only increase - and next year it will be more eggs -

~

Something about harvesting select high-cost-basis eggs at advantageous points, accretive to yield, immediately offset, in the kingdom’s sole discretion.

~

Better ideas beckon!

Buffalo_Ken's avatar

Eventually - all the eggs will be gone if old farts remain - but the thing about old farts is they are old - they are long in the tooth....their bloodflow is diminished.

Better ideas beckon - and save some of those eggs for future generations - but the old farts will never know - they have succumbed to mammon tis not hard to reckon.

JMarcum87's avatar

I wouldn’t get too excited. They bought 810 BTC a couple days later. Tax loss trade. How that actually works or helps is beyond my understanding.

Charloticus's avatar

Thanks a lot, asshole! Your coverage of this is crashing the BTC market.

No1's avatar

I'd love to have such an impact. But I'm a simple nobody (the hint is in the name) 😋

Buffalo_Ken's avatar

FYI - Just shared another one of your articles here....

~

https://rogerboyd.substack.com/p/the-us-ai-bubble-rendezvous-with

~

BK

Buffalo_Ken's avatar

That makes me laugh!

🤣🤣

Good one!

🦬

Vivian Evans's avatar

True words: "Ponzi's gonna ponzi" - I assumed in my naivety that those dealing in finance higher than a housewife's weekly budget would know this. Perhaps the many 00000s generated cloud their minds?

Luís Nunes's avatar

Everybody is a genius in a multi decade bull market. Or at least every midwit with access to the big credit pump 🤑🤑🤑

Fool Name's avatar

Story tellers one and all, with dark magic thrown in. Thats why people are repeatedly and reliably spellbound by the likes of our dark night and his weaving of words and imagery.

The one and only Don Trunt did similarly with his MAGA spell.

John Day MD's avatar

Predestination-tale, well told.

;-)

Random Stranger's avatar

Great Story

Feels like a wizard would be more appropriate, tho

No1's avatar

I started with a Knight... So I had to stick with it. It's not like they can change job description mid-flight right? 😉

pessoa's avatar

There was this Orwell guy, he had a fix for that in one of his books 😉