But in the months ahead, things changed. But even then, and unbeknown to investors, Santos was planning more domestic gas purchases, from a domestic market where it had wrongly expected prices to stay low. This resulted in immense utility price spikes because as renewable power output increased so did the role of gas as the […]
For example, Bitcoin was designed to be a payment method, but more and more people have come to view it mainly as a new investment category. Because regardless of all the innovation unleashed by the arrival of Bitcoin which appears set to cause permanent changes to the financial system, some of the economic claims being […]
Yep, I’m going with ponzi for bitcoin. It is hard to figure out what exactly BTC is, my sense is it is akin to a piece of Picasso. It doesn’t need more and more entrants to keep rising – it just needs a stable amount of people buying and requiring it for some transactions. A […]