I hear you. Nice to get the perspective from someone with such a depth of knowledge and local expertise.
Iāve spent 30+ years studying and working in the plumbing of the global debt markets. From my perspective, this is the āfat lady singingā. The deflationary impulse from FOSS (and localised!) AI will be a wrecking ball for US big tech and therefore the whole domino chain of risk assets.
The aggregate amount of global monetary expansion required to even ATTEMPT to stabilise the fall out will be over 100trn by 2030. Meaning every western fiat currency (even the precious, hegemonic US dollar) will enter hyperinflation. šµ š¶ š“ š„
This was ALWAYS the obvious, inevitable end game. Itās just that NOW, we can see it unfolding in real time.
It is more important than ever, in my opinion, than we run (full speed) building out the stacked protocol that Bitcoin provides the opportunity to develop. MoE as well as SoV.
Without both, I fear humanity may be in for a prolonged period of regressionā¦.
This is great and you will not be surprised to find that I am in complete agreement with this and goes doubly to your comment referencing regression, but Iād add that my concern is a āperiod of aggressionā.
I have a deep concern over a kinetic flare up between China and the US and with that Iāve taken an aggressive position to speak with any and all over the acute policy mistakes made by the States. Sadly my concerns have all been waived off.
I will just remain on my donkey and continue to tilt at the windmills until something hits.
Time to stop trying to get the monkeys to understand š
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