Subnostr

Replying to

PAGAN WOLF

May I point out

Holding #tether was a smarter idea than holding AUD

#bitcoin and tether with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9

If we can get an AUD bridge onboard… I don’t need AUD anymore

You heard it folks

AUD bridge to #bitcoin through @strike and I no longer need the fiat!!!!

You think you have 10 years? You have about 30 days in Bitcoin

The Institutions already hold about 1 million Bitcoin… 2 if you count Grayscale…. You’ll never see these on market ever again

I’m not sure where all the supply is gonna come from to do all the other stuff u all thinks gonna happen….

To do things with Bitcoin you need Bitcoin…. 90% hasn’t moved in 3 months so….

A lot of no coiners either need to hurry up or forget about it and try your luck elsewhere

I do t see supply heading to 3rd world countries now, they really needed to follow El Salvador with that 12 months after Legal Tender

They didn’t, so they’ll probably stay 3rd world forever

Even at 100 million $ price tag…

The supply is all owned by those who moved the fastest and beat the street

Meh…. I used to care but after 8 years of pleading many to buy Bitcoin…. So be the outcome

StackSats.IO 2y ago

Agree that coins aren’t coming out of those Institutions, they’re going to be Bitcoin blackholes much like the LBMA for gold - gonna pretty much have to be a nation state to access the underlying.

But I don’t think the HODLers are going to sell much supply either. They are the ones who know what they have, it’s gonna take islands in the Caribbean or NYC skyscrapers to get them to part with corn - they don’t want dirty fiat.

The battle will be over the remaining 6 odd percent coming into supply over the next 13 years. That’s what the whole world is gonna be chasing.

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Discussion

PAGAN WOLF 2y ago

Couldn’t agree more, even miners are gonna have to hold so many newly mined coins as well, blackrock might do a deal to secure all that supply from the 4 miners they already back….. I had a convo the other day guy asked me, when would I sell…. I said I’d sell SOME! But there’s a list you’d have to fulfil for me to do so, the list isn’t cheap

StackSats.IO 2y ago

End of this upcoming cycle I think we’ll see the shift from miners who leverage energy to energy companies who doing mining. That will proliferate mining exponentially and make it more competitive such that they likely won’t be able to afford holding many coins, maybe some in treasury but they’re not going to just sit on stashes any longer as some have managed.

Also think we’ll see nation states start properly trying to incentivise Bitcoin migrants into their countries with friendly tax policies, access to citizenship, possibly even special development zones.

Things like that will be required to get HODLers to part with any part of their stack. There’s only 21M of these things, gonna need to be really worthwhile incentives in place if others want them.