The idea of the tooth fairy never made much sense to me. I don’t like the idea of presenting fiction as fact, especially to my children. My wife, on the other hand, is quite into it.
For one thing, the economics are all messed up. Supposing there’s some kind of business or even a nonprofit, how does the Tooth Organization sustain the kind of overhead involved when every transaction results in a loss?
The other thing is the timing, which almost never adds up. While you might be able to pull the wool over the eyes of a 3-year-old or 4-year-old child, by the time the child loses their first tooth at the age of 5 or 6, they are much too smart.
My oldest daughter, who lost her second tooth last night, is already totally wise, but is happy to play the fool for her mom.
The gig is almost up, though. At the rate things are moving, by the time my daughter has kids of her own, paper and metal money will probably be phased out. What will the tooth fairy do then?
Maybe they will create a tooth fairy app? Pretty sure it won’t be difficult getting venture capital funding for a project like that. The business model already resembles that of many of the latest “disruptions” from Silicon Valley. Giving out free or reduced-price products in order to rapidly grow your user base seems all too familiar.
In any case, I’m gonna have to teach my kids how to print up a bitcoin QR code and leave that under the pillow. At least they’ll get something valuable next time.
No Stimulus For You
Even though the U.S. government’s balance sheet normally looks like that of the Tooth Organization, they don’t seem all that generous today, and the deadlocked fiscal stimulus talks do seem to be having an affect on the stock market.
It’s quite clear that while they may be politically intelligent, the president’s executive orders aren’t doing much to help the economy.
At the same time, images coming in from Chicago via social media are another reason for concern, as the social unrest is clearly not getting any better.
Gun shots rang out in the streets over the weekend, as hundreds of looters smashed up dozens of shops, and many participants even brazen enough to livestream their actions on social media.
It’s been 2 1/2 months since the death of George Floyd, and the “protesters” only seem to be getting more organized.
Of course, with the amount of liquidity currently looking for a home, it’s hard to imagine things staying down for too long.
Crypto markets are mixed today, but mostly higher. Looking at the board today, it’s difficult to tell why some coins are up and some are down. Click to tweet
Chainlink, which has been on a tear over the weekend and is now the sixth-largest crypto by market cap according to several data sources, is seeing a bit of a retracement today.
Similarly unexplainable is EOS, which has been getting a lot of bad press lately, breaking out above its previous high for a gain of nearly 10% today. It’s often like this in bull markets though, and trying to jump on the momentum of one coin or another could be extremely difficult.
A better strategy, especially for beginners, is to simply choose several coins that you think have a good chance to outperform and then build yourself a diverse portfolio.
We’ll keep our eye on the U.S. dollar and the stocks to monitor for any changes in the market, but other than that, we’ve got a lot of green on the board, so I hope you’re enjoying it.