An earn interest, right? So I could lend Coinbase some of my ether for staking and they pay me interest in return. So PoS could give us an interesting investment possibility.
Well, its not called interest, its called 'staking rewards'. You can also earn interest lending out your ETH, but that's a different process and entails counterparty risk.
NFL doesn't have a very good track record on the medical front. https://www.pbs.org/wgbh/frontline/film/league-of-denial/ If chiro provides cheap short term care at the expense of the player, that sure does sound like a great deal for the business that is the NFL/NBA.
You're just making things up. It's not "at the expense of the player" These players are in peak physical fitness. If they want to go to any kind of doctor they can as they have medical insurance and they are all multi-millionaires.
Documentary is about concussions, I saw it years ago. Has nothing to do with the player's preference for chiropractic.
Player likes chiropractic because he believes it makes him perform more optimally, you inserted/made up this concept of the NFL pushing chiro to save money "at the player's expense".
Pro-athletes preferring chiro is a strong counter-signal these "skeptic" articles.
"And it is for this reason that although banks don’t need your money, they do want your money. As noted above, banks lend first and look for reserves later, but they do look for the reserves."
What’s the distinction, and do you have a source formalizing that?
I had always understood a ponzi as being something paid out by later investors, and where you had a plausible reason to believe in increase in value.
Here the plausible reason is “bitcoin will take over the financial system and everyone will need it” or “bitcoin will be the new store of value and everyone will want it”. In either event payout necessarily comes from later investors.
Bitcoin makes no claim of being an income-producing asset.
All non-income producing assets { gold, wine, art, baseball cards, air-jordans } are bought as a store-of-value with the hope of selling it at a higher price.
Ponzi appears to be an income-producing asset, but the income is paid out from the principal.
There's a gold rush to accumulate ETH for staking reward payouts, and there is a new fee burn mechanism that will make ETH more scarce than BTC on a production basis. Demand for ETH seems to also be driven by DeFi products, NFTs and huge enthusiasm for the upgrade to PoS (July/Aug).
I don't have an ETH position, but this is my understanding of price action.
