Doubling Down On A Decentralized World - Emergence Of The Global Smart Token Economy
Updates have been scarce here recently.
The reason for this is simple.
As an anarcho-capitalist I have been a very early adopter of Bitcoin (2010).
Here is a picture of my first 4 GPU mining rigs running in Buenos Aires (2011) on heavily subsidized electricity (Thanks Kristina!).
I had to leave the windows in my office open even during winter. This little setup was the equivalent of a 3 kW heating system running 24/7.
As subsidies got removed, doubling my electricity cost overnight, and bitcoin dropped to $2 this setup was no longer worthwhile and it was the end of my mining days.
So after banking some early crypto profits, I have patiently been waiting for the world to discover Satoshi's brilliant invention and for a truly useful crypto ecosystem based on blockchains, smart contracts and tokenized assets to emerge.
In 2017 this inflection point has finally been happening.
As a speculator I work with volatile asset classes and distortions in the market place (usually caused by politics).
For many years I have therefore focused on nano & small cap resource stocks, biotechnology and special situations.
However, as the digital asset ecosystem is beginning to take shape I have been busy shifting a big part of my portfolio into the Cryptoverse over the past 2 months.
I think in 2018 the first major panic wave of fiat into crypto by the masses caused by turbulence in the global financial markets and rising awareness of a decentralized, vastly superior alternative is going to happen.
I have therefore reduced my exposure to precious metals, uranium, phosphate and biotechnology.
This is not an easy task as it involves a lot of hard decisions.
I have spent a lot of time and resources to be positioned in what I believe are great speculations in these areas.
But when you have a choice between making 300-1000% in about 3-5 years or making 1000+% in 1-2 years it's not really a choice, is it?
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