Bitcoin: Halving Targets

Dale Gribble says

"The principle of guided randomness will reconcile the efficient and fractal Market hypotheses. (Enhales from cigarette.)

The efficient market hypothesis is an Illuminati disinformation campaign which has directly contributed to wealth disparity across the world. Your Buffets and your Bezoses know the truth! Besides, anyone in their right mind could tell you total randomness doesn't adequately describe the nuance of human behavior and the way we make decisions.

(Inhales deeply/takes another drag.)

Free Destiny and free will need to be reconciled before we can have an adequate market hypothesis. Let's take a random walk down the road of common-sense. It's not a coin-flipping heads or tails. It's a die that is rolled repeatedly. Inside of the die is an irregular-shaped vibrating mass whose motion can be described by a fancy wave function equation type of thing.

(Damnit Dale.... Bill was telling us about his new lawnmower.)

" I'm not finished Hank! You've got to roll the dice a whole bunch of times before you can see the greater pattern.

Does history repeat itself? Technically not. Does history repeat itself? Of course it does. We all see the reoccurring patterns of things in our daily life. Of course, it's a little different, it changes, but the more things change, the more they stay the same.

As I've said for a long time, much of the 20th-century economic wisdom will have to be re-evaluated in the 21st century, after the dawn of the internet.