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Jeff Booth 2y ago

Mises quote comes to mind when reading this.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The only alternative is whether the crises should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved”

https://creditbubblebulletin.blogspot.com/2023/08/weekly-commentary-crisis-of-confidence.html?m=1

Remember - it is not fiat dollars pricing #Bitcoin. It is #Bitcoin repricing everything else (with a lag and over a longer time horizon)

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🍊💊⚡️🌽 2y ago

#Bitcoin will define and price things accordingly…..

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OpenMike 2y ago

⚡️

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ebox 2y ago

China, right now 😐

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Mallard Beakman 2y ago

Mises was so prescient it's almost scary.

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Dug 2y ago

Sounds logical, act accordingly.

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Erik The Decentralist 2y ago

Since #Bitcoin is priced out in the system that it's designed to replace, it's not surprising that its being attacked by defenders, invested in that system, regardless of how corrupt and broken it is.

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SMPLTN 2y ago

Alot there... What an amazingly packed resource from the CBB blog - thanks for sharing Jeff 👍

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J Smilanic 2y ago

This for sharing, Jeff! Is there a particular interview with you that you think is especially good at 🍊💊ing someone?

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Stephen Burns 2y ago

Great post Jeff

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Jeff Booth 2y ago

🙏

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Sats4Humanity 2y ago

@Jeff, query (love your work): In a very recent podcast you mentioned that people have the option to leave to a country that supports BTC. The establishment are working on a digital ID and possibly restriction of travel. Would you not be concerned by this as once this is in place that would make it a lot harder?

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Jeff Booth 2y ago

Thank you! Yes - and that is why retaining flexibility is key. I suspect that as you see this emerge, it will also create a rise in popularity of leaders and people against it which will open options.

But certain counties, similar to today will have very different policies than others and going to them will mean playing by those rules.