tuesdayrain

>I can’t imagine what’s going on in his mind right now.

Massive amounts of Selegiline, probably.

>Even gold, at least I can wear it and display my wealth. You can’t even display your crypto wealth like that

I'd feel much safer displaying large sums of wealth online by posting a wallet than by wearing luxury goods in public.

Your mistake is valuing cryptocurrency purely as a currency. In reality BTC and other cryptos have combined properties of currencies, commodities, securities, as well as unique elements that can't be found elsewhere. Crypto is its own asset class and trying to value it using old models of other assets is bound to fail.

>Education and stock market are not analogous

Why not? A company is just an aggregate of people working towards a shared mission. Not unlike a society.

This is a fallacy, similar to thinking that a portfolio should be invested into the worst performing stocks because "they have the most room to improve".

There is a certain brand of person who is obsessed with redistributing resources from the most productive to the least productive. They don't see how allocating the best teachers in the world to students who are disabled or borderline disabled is not beneficial to society.

>But everyone notices when every aspect of their society is led by people of one race.

I didn't go to China and become resentful when I noticed their leadership was Chinese. But I did immigrate to America, then eventually become resentful when I noticed white people & asians were discriminated against out of some twisted sense of fairness.

>Can someone explain this in logical, non-political, terms.

Probably not, because it's ultimately a political phenomenon. In left-leaning circles it's popular to deny that there can be significant statistical differences between demographics for any reason other than discrimination. Based on that logic they view all unequal gender ratios as problems that need to be solved.

Good. The last thing the world needs is discord users getting rich off crypto.

>The Crypto-USDT pairs will quickly go no-bid

History has shown that this does not happen in crypto. Even for coins like Bitconnect and Confido that plainly turned out to be scams, there were still buyers long after the news was revealed. People like to bet on dead cat bounces, or some kind of news after the fact that redeems the coin.

>I’ve been shorting a few bitcoin-related public companies on the theory that in a run on Tether they will have to liquidate large bitcoin holdings

I doubt a run on tether would even cause a 50% drop in BTC price. Hope your account doesn't blow up when Bitcoin inevitably reaches 1 million per coin ;)