Replying to Avatar Meyer

Could not agree more.

I don’t think I could ever be bearish on bitcoin and the potential it holds to make the world a better place by fixing the money

But the events over the past year make everyone trying to make bitcoin successful all look like jokes. Treasury companies, the core vs knots drama, the samorai guys getting locked up for writing code, shitcoiners…it’s all so frustrating
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Svoboda 1mo ago 💬 1

Spot on. What is most worrisome to me is if this drop truly is the result of that 10/10 flash crash event, Bitcoin isn't as anti-fragile as we believe if these we're still constrained and at the mercy of market makers.

What I also don't like is obviously something major happened that day. If people did blow up due to getting auto de-levered, I don't like how we don't know who when this is supposed to be a (semi)transparent system. At least we knew with Luna, FTX, et al.

All that being said, the money printer is getting ready to get turned on. Markets are shit, unemployment is spiking, and the very thing that Trump and Republicans hang their hats on looks awful and now they have to worry about midterm elections.

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Meyer 1mo ago

It’s the same story over and over again. Unfortunately Fiat maxis are still running the show and probably will be for a little longer

Could be a few more years until principled bitcoiners take control of the market but it will eventually happen

They think they can play the same bullshit fiat games they can with every other asset they have ever encountered. Bitcoin is the only one they can’t change the rules on because bitcoiners won’t let them. They can certainly make it harder for us but I am not going to give up easily and even if I do not see the benefits I know bitcoin can provide my kids certainly will