/biz/ - Business & Finance

>In 1876 economists and mathematicians theorized the existence of a economic-ecosystem that had reached a form of transcendence - creating an endless positive feedback loop. They proposed that such a system entering this state would begin what they called the Golden Bear Run. Various mathematical models were created to show what this Golden Bear Run would look like.
>Through my PhD research I believe cryptocurrencies may be entering the early stages of a Golden Bear Run. In this stage early investors could potentially lose an endless supply of wealth - as the system swallows all tangible wealth rather than just moving it around.
>Economists believed that the slow nature of the stock market meant that governments and central banks could sabotage the emergence of the Golden Bear Run before it could get started. However it looks like the extremely fast paced nature of cryptocurrency means it is not susceptible to these types of attacks.
>If I am right we could see something never before experienced in the history of the universe. Hold on while you can - the dip is just the beginning!

Or is it the golden bear run?

>mfw yesterday people said automated cars were going to take over in 15 years

Even without a software glitch, or hacking they are going to be killing machines.

Bitcoin will be the first security ever worth negative dollars. You will have to pay people to get rid of your bags, and in turn they will have to pay some one even more to get rid of it.

Bitcoin is the perfect security for the golden bear run. As foretold in the ancient economic books.

I'm glad this is occurring in our timeline.