Hi dear friends,
I updated the foundations by adding a fifth axiom.
Here is the list below:
1)- Start with zero investment: A couple of months ago, I’ve made the mistake of investing in cloud mining (Genesis Mining). I regret it. So we’ll start from scratch.
2)- Please don’t forget: Quantity is NOT important. In economics, sustainability, i.e. sustainable income is the most precious thing.
3)- In relation with 2), since in general cryptocurrencies and in particular Bitcoin are speculation-proof (think about the recent fight between Bitcoin and Bitcoin Cash), cryptocurrencies have the potential of dominating the financial world in the near future and also they have great investment potential, we’ll try to accumulate as much cryptocurrency as possible.
4)- Patience (tremendous; remember the guru’s, Buffett’s wise words: “The stock market is a device for transferring money from the impatient to the patient.”
5)- Micropayments: Every machine becomes more efficient as its part gets smaller. So an economy of micropayments is far more lucrative than a classical one.
