Aside from tools & capital for basic productivity & survival, Bitcoin is really the only hope. I'm okay with being all in on the only path that can prevent a total nightmare dystopia.

Reply to this note

Please Login to reply.

Discussion

I agree mostly.

However, humans are not rational creatures. Most people will get a covid jab so they can keep their job or go on vacation.

You just haven't seen the future yet ,stuck in the old paradigm like most. Otherwise you won't be say such dumb shit like this .

Whether people are stupid or irrational doesn't seem to matter a whole lot. Am I supposed to act dumber & trap myself too? How exactly should I modify my plans?

Bitcoin works at any price, it is valuable because it works in defiance of all sorts of idiotic policy. And so far it appears that the countries which ban it end up with the highest adoption rates.

There are multiple trends going in our favor. Irreversable costs associated with using AI are not compatible with reversible payment systems, so the AI companies who switch to bitcoin first will be most successful. For some reason payment processors seem to be attacking online sex work, which drives them to Bitcoin (porn has been the deciding factor in many technological battles). Many small countries can see that their dependence on foreign currency is a trap so they are paying close attention to Bitcoin. Banks are also bleeding money due to credit card fraud at an accelerating rate because AI makes all sorts of attacks possible at a massive scale. There are a whole lot of people who are just blindly obedient, & those people are a serious risk in a Soviet like environment, but there is also a significant portion of the population that woke up thanks to covid & there is an amazing amount of power in an intolerant minority.

I am not saying btc doesn’t work and has purpose. What I am doubting is the thesis btc number go up thesis.

We keep saying we are early, β€œwe are early!?!”

Love this.

Great to see a level of openness and lack of certainty. πŸ‘πŸ‘πŸ‘

Supply and demand.

When the supply gets cut in half, and if demand goes up, the price will go up no doubt.

#bitcoin will go up πŸ€™πŸ»

That’s my point. Overconfidence.

The math checks out.

But markets like to make a fool out of everybody.

Anything is possible, maybe this upcoming halving will be completely different than all the previous halvings.

Time will tell.