The Right Stuff
The book of that title by Tom Wolfe details the first 15 years of America's space program. What is it asks Tom Wolfe, that makes a man willing to sit on top of an enormous Roman Candle...and wait for someone to light the fuse? Arrogance? Stupidity? Bravery? Courage? Or, simply, that quality we call 'the right stuff'? Currently, we are sitting on the economic equivalent of a roman candle and crypto has to date shown it does not have the "right stuff". Much like the initial American space program, learning from the school of (very) hard knocks is a process to be endured and most certainly the mistakes have to be learned from. On that front we would point readers to the following article: Macro Guru Raoul Pal Predicts How Recession Unfolds, Says Crypto and Technology Only Sectors Outpacing Inflation https://dailyhodl.com/2022/07/03/macro-guru-raoul-pal-predicts-how-recession-unfolds-says-crypto-and-technology-only-sectors-outpacing-inflation/ Outcomes are multiple and no one has a crystal ball and while we generally agree with Raoul on many, many things we see a different and more optimistic outlook for the young and thus disenfranchised. But that is of course conjecture and rather than go down that rabbit hole again we highlight 2 things 1) Financial repression (capital controls and inflation being higher than bond yields to erode debt) is a consensus outcome. One of the very few ways to combat that wealth destruction is via the acquisition of stores of value. BTC in its nascent financial life has, to date, proved to be ONLY a risk asset and not a store of value (inflation hedge). We believe our ruby-backed NFTs will be the first real, tangible, and portable stores of value - rubies have centuries of proof of being exactly that. 2) The article chart & comment: "But can things get worse? Absolutely. But for my investment framework, we are in the buy zone… right near the two standard deviation [logarithmic] regression channel.” We absolutely concur with this statement. Like Raoul we are putting our money/assets where our mouths are and pushing forward. We certainly have the "right stuff" FIXOO is the anti-christ of Tether, they refuse to open their books and give transparency to their liquid holdings, their assets. Accordingly, there is doubt, and words are not enough (trust is earned in bear markets, not given). FIX00 is all about transparency, you can verify our ruby, its insurance, its history and assessment, the depository holding the collectible, etc We have a UK company, which means absolute rule of law and transparency of detail - most crypto projects hide in low jurisdiction offshore centres, where transparency is a dirty word. We have nothing to hide, we do not deal in promises we deliver assurity because our community and consumers deserve nothing less. Particularly in this era of doubt. That is why FIX00 is not just different, but a lighthouse in a sea of mediocrity.
For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
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