Subnostr

Feels like a #bitcoin phase transition on the horizon, in my bones— not what I prefer, and maybe I’m just susceptible to some online trader’s algorithm psyop, but it just feels like that’s what’s coming our way to me.

And rationally I think at least one well monied state is going to say fuck it, we’re not going to waste time getting all our diplomacy and regulations in place before going all in, we’re all in right now. In a competition with even just a dozen countries, at least one will always take that attitude, and then it’s no holds barred, ruthless accumulation and no looking back.

Bertha 11mo ago

Obviously a paranoid Bitcoiner take but I feel that the market likes to move behind the scenes to prevent retail getting in first. The question in my head is if the middle man, the institutions, are also part of the silent stackers, I find it hard to believe countries are not stacking. There’s no way any form of media will make that obvious to regular people.

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Discussion

ew0k 11mo ago

I don’t know that wealthier states would be too worried about retail… even if retail goes all in it’s not driving the price up that much. But greed is greed!

Bertha 11mo ago

Fair point, and that point makes me wonder if the incentive for not creating more Bitcoin awareness is that creating more inflation awareness would be a problem.

ew0k 11mo ago

Yeah I think there are many ways to engineer this from an oligarchs pov but in a group of a dozen or so leaders, ones just gonna say fuck it I’m not risking getting the price manipulation strategy wrong, I’m firing up the printer, give me all the bitcoin you got