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comment by kleinbl00
kleinbl00  ·  3010 days ago  ·  link  ·    ·  parent  ·  post: Coco bonds stage summer revival

Hella strong and getting stronger

    Germany’s two biggest lenders, Deutsche Bank and Commerzbank, held talks about a tie-up earlier this month, before deciding that it was not the right time to proceed with a combination.

    Talks ran for about two weeks, involving Deutsche’s chief executive, John Cryan, as well as his counterpart at Commerzbank, Martin Zielke, according to people familiar with the situation.





mk  ·  3010 days ago  ·  link  ·  

LOL I was just digging this up.

kleinbl00  ·  3010 days ago  ·  link  ·  

I am no shit thinking of turning some of my ETH into kinebars.

mk  ·  3010 days ago  ·  link  ·  

Whoa, going full prepper? ;)

TBH I am not sure which is the better bet in a financial collapse. I’d sooner trade federal reserve notes for gold than ETH. I admit that kinebars are a lot cooler than paper wallets.

kleinbl00  ·  3010 days ago  ·  link  ·  

Well, Woot did have a deal on two months dehydrated food...

Mauldin made the point several years back that crypto geeks were basically millenial gold bugs with a techno fetish. I'm not sure I entirely agree but there are definitely parallels. My basic thinking is this: (1) diversification isn't a bad idea (2) kinebars look hella cooler than etherium.

mk  ·  3010 days ago  ·  link  ·  

Oh for sure. /r/bitcoin is full of goldbugs.

Perhaps prepping is kind of a male equivalent of nesting? 'I've got a mate/offspring. Best get ready for the shit.'

That doesn't explain /r/bitcoin though...

kleinbl00  ·  3010 days ago  ·  link  ·  

One need only look at the phenomenon of zombies to understand preppers. I call it the elevator effect - no, not that elevator effect - the fact that we're required to be polite when we're crammed into small spaces and made uncomfortable yet what we really want to do is lash out and call people shitcamels and bash our cars into theirs.

"Zombies" make it okay to fantasize about taking a sledgehammer to the masses because you've dehumanized them into "walkers" or whatever while prepping gives you the same leash: "I'm not stockpiling guns and food because I want the opportunity to treat the rest of humanity as NPCs in my first person shooter of the mind. I'm stockpiling guns and food because you never know what sort of behavior will occur when our social barriers break down!"

mk  ·  3010 days ago  ·  link  ·  

I’ll buy that. It makes me wonder about those moments in history when the social barriers did precipitously crumble. Among the masses consumed by panic and doubt, there must have stood some preppers, feeling like it was Christmas morning.

kleinbl00  ·  3010 days ago  ·  link  ·  

Having spent several years gazing through the long lens of history, I'm pretty sure the modern prepper movement is kind of unique. I mean, societies certainly crumbled and bad shit happened but when your ruler is Kaiser Wilhelm and you've been a nation just since the fall of the Hapsburgs your benchmark of stability is substantially lower than when, say, your biggest worry is "ZOMG what happens when we leave the gold standard."

Most of my prepper buddies point to Argentina's collapse as the modern model for prepperdom, and that was the collapse of a military junta.