Oooh fuck! Sadly 🥲

it all went downhill as justin left the show !

Which country did?

Why April 4 is twitter death? The open sourcing?

is it saying the amount of investment in the network all the hash, is valuing it at that amount?

sorry not trying to pick fight, just curious as don’t think ive come across the concept before

Monero fans are gonna freeeak 😂

Let me throw in 2 more whitepills for Bitcoin.

Assume that humanity veers right and CBDCs are coming - just play that out a bit.

It means cash will be banned because it undermines the point of CBDCs, in fact all competing monies (inc Bitcoin/ Metals/ foreign currencies) will be banned which means the entire grey and black market economy needs a new currency because we know those markets won’t disappear, they never have anywhere. And the more censorious and authoritarian governments get, the more goods will be traded on these markets.

So what currency is going to fill the void? Are people going to buy their weed with bullion? Gonna pay that hooker with some silver dollars? What about when they start restricting meat? What about when they jack up taxes on services and the plumber or mechanic can’t afford reported CBDC income?

It’s so fukn obviously Bitcoin. Dark web markets was the OG usecase for Bitcoin and it will return en masse alongside a CBDC because people WILL FIND A WAY around it. It’s inevitable. The largest decentralised money used globally is the obvious answer.

For the Second whitepill continue the assumption that a CBDC has arrived.

Ok - it arrived in your country, buy a plane ticket to a Bitcoin friendly jurisdiction and get the fuck out with your wealth in your head.

Goldbugs never countenance this, they go straight to MadMax scenarios where the grid is down and they’re sitting in their compound guarding their safe from marauding bandits and government forces with an arsenal of guns.

They do this because they can’t move their gold - it will be confiscated at the border. So they ignore this long run up of bad stuff that would happen before hunkering down with guns is the only play.

Bitcoin means you can get out of dodge before the really bad stuff starts happening and your wealth cannot be seized. CBDCs will not be uniformly introduced in every place the world over, all at once, and it won’t be overnight that they’re used to turn the screws on people.

So you can stay and play in the black market if you can’t leave, or you can get you and your family out and watch Rome burn from afar - either way Bitcoin is THE thing you want to hold if you see humanity taking the CBDC path.

Unless two of the mining pools collaborate and decide to 51% attack #Bitcoin