The Federal Reserve Act passed on 23rd December of 1913. Comparing the stated goals of the Federal Reserve with the actual history it is not too difficult to spot 100 years of failure.
When a truly disruptive technology comes along objective and cool-headed analysis of the pros and cons are often crowded out by deeply emotional reactions and by strident defenses of the status quo. In this analysis of the main categories of Bitcoin critiques I attempt to filter out the unjust judgements from the valid criticisms.
In our tutorial on Fibonacci aspects of consensus we show that polling results typically yield the Fibonacci 62% to 38% result. That is why Fibonacci retracements are common in the markets. The markets are a voting both where you cast your ballots with buy and sell orders. Today I revisit this issue with the daily SportsNation polls.