Bitcoin more than quadrupled over the course of 2020, with crypto bulls citing increased institutional investment as a driving force of the rally. The digital coin is still about 13% off its all-time high but up around 25% since the start of the year. It briefly fell below the $30,000 mark just last week. The world's most valuable cryptocurrency hit an all-time high of $41,940 earlier this month before sinking sharply a week later. Dogecoin was up 800% in the last 24 hours at one point.īitcoin's price action had been relatively muted ahead of Friday. It adds to the wild volatility in markets this week, as the stock prices of heavily-shorted companies like GameStop and AMC surged dramatically thanks to a rush of amateur investors inspired by the Reddit forum WallStreetBets.Īnother subreddit group, SatoshiStreetBets, led investors to pump up the price of Dogecoin, a cryptocurrency inspired by the popular "doge" meme. He also sent out a cryptic tweet, saying: "In retrospect, it was inevitable." Unless they fail, most seem successful for a few years but they seem to have a high chance of backfire quite quickly.Musk added #bitcoin to his Twitter bio earlier Friday morning. Is it because communist governments keep their populations in a tight leash (secret police, informants, imprisonment of political opposers) or because the “classes” most likely to revolt are those most content with communist rule (an anti-point to this is of course most anti-communist revolutions…).Ī third type of revolution is that which is instigated by a foreign power – like those in South America in the 60’s-80’s (by both US and SU), certain former Soviet states in recent years and the installation of the Shah in Iran. One can also wonder why there are so few successful anti-communist revolutions. Maybe the previous government would have fallen eventually either way, but it is less likely that such a strong leader would rise in their place.
Had the Castro brothers and their handful of right-hands been killed in one of the early battles it is more likely that the revolution would have failed. When we broke up, as was inevitable, into sub- groups for preparing the draft. (I don’t know much about it, but Japan’s gradual opening to the rest of the world in the 19th century could possibly be seen as an example of a rigid government changing itself in relative peace.) The fact that the communists took power probably had more to do with them seeing an opportunity to piggyback on people’s disappointments.Īn example of the other kind is the Cuban revolution where a small group of leaders instigated the uprising. Multidisciplinary Methods in Retrospect Eamonn F. It would have taken an enormous feat of the ruling class to avoid that revolution – a reconstruction of the entire type of government. But you totally can, and it would be weird if you couldn’t. Will be watching this as well going forward. In retrospect, it was inevitable: the future of Ethereum and ERC-1155 We’ve grown up being told that you can’t compare apples to oranges.
The Tsar-ruled Russia in the early 20th century is, as far as I understand, an example of the first. Anyways, coin will likely contain hidden alpha in btc moves in the future. It is clear in retrospect that by the autumn of 1845, when American president James Polk sent a special envoy, John Slidell, to Mexico, Polk was already.
There is also a difference between revolutions where the general population is seriously fed up with the government (not necessarily supporting the policies of the eventual new leaders) and revolutions planned and executed by small groups of people. Maybe all revolutions might seem inevitable – but the success of the revolution is not. Hindsight bias, also known as the knew-it-all-along phenomenon or creeping determinism, is the common tendency for people to perceive past events as having.
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