The current banking crisis is transitory.
It’s over when we’re all on a #Bitcoin Standard.
And that’s coming sooner than you think.
Discussion
Sooner the better! 🤙
Long transitions are the worst. It kills more purchasing power of the people, and can wipe out a life time of saving. If it happens faster, lots of people still would have time to accumulate again.
Is there a way for it to happen without making anyone rich or poor?
I think probably not.. But I feel for the folks who will lose
It is unfortunate actually, because you lose by doing nothing and being "uneducated". So they lose by doing nothing. They only way would be that the people realize as soon as possible what is the hardest asset then fiat.
The only way for what? I’m thinking there is no way to avoid wealth transfer from the slow to realize to the fast because “slow” and “fast” are inherently relative. The first half in will gain assets from the last half. No way around it I think except for the first half giving their gains away to the last half
Yeah, right! Adoption is a curve. The people in the beginning has the advantage.
Thanks for being here Sir.
I watch the vid or you sticking it to Vitalik quite often...😂
People seem to think when bitcoin is adopted by the US it’ll succeed. But that has nothing to do with it.
It’ll be a bottom up approach. Everywhere else will move on from bretton woods because they have to.
The US will be the last to fall.
Banking crisis? Everything is going well, right? Right?
Infinity K by (Nostrica) conference day
By the way, is it a crisis, when what is happening is by design? 🧐
It never comes sooner than we, it always takes longer than we think unfortunately.
Old father time say heyyyyy
it has never happened, so where do you get that wisdom from. 😉
Things that we expect to happen quicker, in general, like trials for the covid criminals in Govs. The end of central banking. The end or demise of many things we are passionate about. Almost every single bitcoiner a few years ago were 100% certain btc was going 100k and above. Always takes longer. Wisdom.
Going to sleep like a happy ass frog tonight
2033
I could get down with that
how much trillions will we print this time?
Let the volcano bonds begin!
No truer words have been spoken!