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Is Jamie Dimon Gaslighting Us About Bitcoin?
Jamie Dimon compared crypto assets to pet rocks. He argues they are decentralized Ponzi schemes. Should we pay attention to his warnings?
In high school, I had an English teacher, Mr. McDougal. He was burnt out on public school teaching and at a point in his career where he couldn't be fired. In addition, he always smelled of cigarettes, which, paired with his overweight stature, indicated he probably didn't put much effort into taking care of his health.
Mr. McDougal was authentic. He didn't give a shit and wasn't afraid to act like himself. And he was brilliant. I haven't met a tremendous amount of authentic people in my life. You know the type. They are genuine, sincere, and comfortable in their skin. Mr. McDougal expressed himself honestly, and I liked that.
One of the most memorable lessons I learned in high school happened in Mr. McDougal's English class. The class was divided into multiple groups. He passed out some paper copies to each group with words written on them. I don't remember the gist of the words, but each group was told to share how we interpreted them.
After convening in our groups and discussing the text, each team shared with the class how we interpreted the words and what they…
