I just watched this video to hear the guy's thesis:
https://youtu.be/dk3AVceraTI?si=cTnwlJMyeUlYir7t
He did excellent research, but his proposed solution is a public central bank. This isn't the first time I've heard that idea, but the desire to press the print button will be just as powerful in "public" (ie government) hands as in private hands. Many of the concerns he expressed in the video are solved by self custody Bitcoin, but not all (as you addressed above with the 6102).
The book was published last year. From my perspective a lot has changed since then I'm regards to Bitcoin. It's still not impossible to have a 6102, but it's gotten dramatically harder. I like what he said about the people prepetuating the system not actually realizing the full implications. I said the same thing in my lecture series.
I've just listened to it too. It sounded like he was reading from early chapters of the book. It was the last chapter that hit the biggest nerve for me.
I don't think the guy is a Bitcoiner & I don't love his proposed solutions, beyond promoting awareness of the issue.
I think he's exceptionally early in his timing of the collapse. I think we have 1 more boom & debt expansion cycle before it all starts unraveling.
Time will tell, but at this point I have a hard time listening to anyone's estimations for the future if they don't have an elementary understanding of Bitcoin because it changes the whole game from top to bottom.
That's why I'm keen to hear other Bitcoiners take on it. I know nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpzdmhxue69uhkzmr8duh82arcduhx7mn9qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcam28zl is planning to do one.
There seems to be a general consensus that the Fed is going to print hard soon.
If they keep dropping rates then everything is playing out in line with my expectations.
If they don't, then I might have to quickly sell some Bitcoin to pay down my mortgage. I've been ramping up the productivity of my land for the last year. It's not going to serve me well if the bank repossesses it all.
Yeah that's a legitimate concern. I'm not sure exactly how the bank would attempt to repo my house, let alone tens of thousands of houses simultaneously.
Being armed has a certain peace of mind to it 😁
