Copy what? I don’t mind copycats as long as they are successful. And so there’s no instance of which an economy is large and successful without its government collecting lots of taxes. Which doesn’t mean it couldn’t happen in the future, but the odds of that happening are a million times lower than Tsla becoming profitable one day, wouldn’t you say…
Also, I wouldn’t describe Tsla as being my “beloved”. I’m just more reasonable in hedging for it being a success. It helps when your return on it is already 1000%… its price can fall 90% in that case I would just say oh well I broke even…
Chamath is the guy who convinced me to buy into Amazon. It only took me, oh, 20 years to realize Amazon’s potential? I am not that sharp.
So I need that crystalizing insight why bitcoin has a much longer runway than 10k. I only invest in things that can at least double. Obviously bitcoin has done much better than that just in 2017. But I already told you I’m not that sharp.
Which reminds me, I need to sell all my AAPL stocks. It won’t double in the next 5 years.