<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><span style="font-family: Arial; font-size: 13px;">Brent Allsop <brent.allsop@canonizer.com> wrote:</span><br></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">> So are you and James saying that it isn't possible for very
intelligent people to have real rational ways of seeing something,
like a particular investment, is a sure thing...</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">I can't speak for James, but I am saying that no rational investor believes in sure things. Naive, gullible, unsophisticated investors do.</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent;
font-style: normal;"><span style="font-size: 12pt; background-color: transparent;">> You're only saying that because there has never been a sure
financial bet before now! </span><br></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">I'm saying it because I know a little bit about how investments in commodities work, and bitcoin is just another commodity. It is unique, yes, but there is nothing about its uniqueness that suggests it should not act like any other commodity.</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new
york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">It is something like a newly discovered precious metal, (digitally simulated), and one that lends itself to commercial transactions and thus might become widely accepted as a currency. I know something about how precious metals and currency markets work. They don't work according to anything like a "Moore's Law."</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><br>I mentioned in a recent post which was mostly ignored that I was intrigued by how Bitcoin's recent price action seemed to have been inversely correlated with the DXY index, which is an index of the USD vs. a basket of currencies of major US trading partners. I wonder if you understood a single word I said, and why it might be
important.<br><br></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">Gordon</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><br></div> </div></body></html>