is this real? there’s no fucking way https://nostr.build/av/5a3ecbff29d573430d4fe0900efa62267dfe6d3378e27fff2668c795e74e4c3e.mov
Discussion
When does this guy stop. This shit will never be decentralized.
Problem is that, he knows it wont. He just wants to make money no matter who’s gonna pay for it.
Never. He feels too many forces pulling on him and his ego.
Armstrong wants the moon on a stick.
Worried about spending it, because it is so valuable, when replacement cost is near zero makes no sense. Brian knows this. It isn’t a legitimate argument.
*track CPI?! GTFO
lmao
🤡🤡
It amazes me he’s gotten this far with bad ideas like that
Pull your #Bitcoin off #Coinbase #NYKNYC
Why would anyone hold their coins on any exchange at all? Exchanges are for exchanging, not holding. It is is in the name.
Unbelievable
TunaCan coin wen?
🤡
He lost the plot a long time ago
He still doesn't really understand #bitcoin , does he?
🤦
He does, probably much better than most people commenting and hating here. Though, he runs a business, and running bitcoin only exchange is almost impossible.
So, he does understand #bitcoin but he's making other people not to understand it, so that he can make money selling them shitcoins.
Is that what you mean?
He is running a business in order to make money (possibly holding a significant portion of his wealth in bitcoin). I am sure he understands bitcoin fairly well from different perspectives.
I think you are more likely claiming that the business he is running is unethical and dishonest, which I would not disagree.
I remember hearing Dalio talk about this.. Rather asinine.
So we crashing this Malibu meetup? Malibu is the next Nashville... Hold your breath
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Brian lost is way a long time ago.
How da fuq would a token that tracks CPI also be inflation-resistant??
Guys, seriously, if your shit’s still on Coinbase get it off.
Today.
Polishing the clown shoes
Sounds like preparatory framework to convince people to do (more) Fiat things with crypto. “We need Bitcoin to have at least 2 percent inflation.” “The dollar is broken but imagine how good things will be if we just create a coin with a stable (ie programmable) inflation rate?”
He wants a startup to create a decentralized coin. Got it
🤣!
This is Ray Dalio flavor of bitcoin misunderstanding.
How can something “track CPI? CPI is arbitrary basket of goods and services within which the relative cost-value of each item is always changing AND presently CPI can only be expressed in terms of a money standard (fiat) that is constantly declining in unit value.
This is asinine. But perhaps Bridgewater will fund it, lol 😂
https://twitter.com/SquawkCNBC/status/1621142729660207105?lang=en
#Bitcoin
#Plebchain
Anyone have the video of his other 9 stupid ideas?
#AskNostr
The sky is the limit for stupidity.
CPI is rigged to hide inflation. A flatcoin as described would not be flat, it would just fall slower against real goods.
Who will make an autotune remix with that is echo tho?
Bitcoin does need a unit of measurement represented in kWh that has multipliers based off grid demand.
Everyone knows Bitcoin mining is making energy cheaper and the Gabriel horn example of only 21m units. What's missing is a kWh derivative I'm too stupid to code.
That's "flat coin" or whatever the fuck idea Armstrong has.
Oh, so he's a moron... I thought he was just a scammer.
In my model I want zero inflation but also track inflation 🤡🤡🤡
Sounds like he wants to tokenize TIPS. Okay. Whatever. But he can't even explain CPI (wheat?), and gives no indication of understanding the fundamental problem.
Fight inflation by tracking inflation 🤡
That flat coins idea so silly, he is literally explaining properties of BTC, but then conflates it by pitching flatcoin. Like, wtf you really think ppl going to be interested in that shit, so that their purchasing power stays “flat” and alos cpi measurements are a scam
Either I don't get it and its a very good idea or its several layers of dumb all the way down. The existence of this video just seems to dumb to be true.
that’s exactly how i felt
Guess Brian is after expanding the fiat system concept, not replacing it.
There's no such thing as a stable coin unless a human is manipulating it.
Technology doesn't allow for a stable value of things.
This fucker is Lex Luther nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
Damn you auto correct 😂 Luthor!!!
Save in bitcoin and spend fiat shitcoins… what’s complicated about that?
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Could you please elaborate on this a but more? Why yes/no?
OMG, is he that evil? Or is it possible he is just that blind?