
Frankly, it isnât our responsibility if other people choose to be stupid with their money.
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EditFrankly, it isnât our responsibility if other people choose to be stupid with their money.
It only seems like a war because the window being looked at isnât big picture. Crypto will be the same as fiat, just be in the world and not of the world. Live a life as an example and when people ask how you live successfully and happily tell them Bitcoin is your money. One wonât win people over by being loud. Name one street corner preacher who has ever brought people to Jesus. You can bring a horse to water, you cannot force it to drink.
The simple fact that people across the US are talking about rent control is all the evidence you need that inflation and government spending is out of control. If the free market is demanding prices outside of what you think is reasonable, there is a government money problem. The market doesnât lie and neither does it seek to price out customers. It wants to serve as many people as possible.
Stable coins are a necessary evil. Why, because of the dollar milkshake theory. Fiat hides its nature by pointing to the worst actors and claiming relative value against other currencies. Stable coins will allow this paradigm to be shattered by creating a singularity and once fiat is in the singularity, it can only be compared to Bitcoin. We donât have to scream loud because the truth is inevitable and those who are smart will adopt Bitcoin sooner than those who arenât. Everyone gets the price they deserve.
I donât see an investment portfolio that beats the combination of Energy (nuclear heavy) and Bitcoin (the asset and companies). Iâm sure people will want to include AI in this as well, but those two main exposures will be the majority of growth. If you want AI, then Iâd say my dystopian view is adding a combination of Palantir, Netflix, Spotify, Tesla, Amazon. (Military, Tv, Music, Robots, Logistics/cloud)
They donât need to buy it directlyâŚ.theyâll down play Bitcoin while US treasury companies buy the shit out of it. It brings way more Bitcoin into the country since they can devalue the dollar for longer and the companies can buy it for cheaper. The eventual taxes and growth from that wealth being in the US will be far greater than if they purchased it now. It also slows down how fast our strategic enemies may adopt Bitcoin.
They donât need to buy it directlyâŚ.theyâll down play Bitcoin while US treasury companies buy the shit out of it. It brings way more Bitcoin into the country since they can devalue the dollar for longer and the companies can buy it for cheaper. The eventual taxes and growth from that wealth being in the US will be far greater than if they purchased it now.
This is peak low time preference mining technology right here. I just wish they had announced a price and availability date.
But this is indeed peak miner technology.
Iâm super curious to see the price and actual release date.
Twitter: @FerricWilliam