Must have the mental fortitude to wait until you have the money to have children and prosper, Or get stuck in the lifelong purgatory of working to own just enough to survive and continue working while having children looking at you lovingly, But as soon as you step off the treadmill everything falls apart.
But you can call someone with 1800 collect for 99 cents per minute!
If someone ever makes you buy something to use the bathroom feel free to shit on the floor.
How do Bitcoin miners get their next round of equipment when bitmain produces 80% of supply and they are paying literally all of their profits on tariffs? I am pretty sure the top 8 mines are in Texas.
Mining equipment supply chains, And market cycles created by large scale corporate bitcoin mines. Also, Coltan mining in Kolwesii DRC, And the Bitcoin mine in Virunga Park in the north of the DRC, And what role bitcoin could play in ending the generational poverty loop, Created by the EV revolution and other rare earth mineral processing in China. How long until bitcoin mining equipment is manufactured primarily in the United States. How tariffs will affect the next cycle of bitcoin mining equipment, Given that 80% of supply comes from China, How will miners capture profits and pay tariffs?
You fell for politics my fren.
Donald Trump: “Every bitcoin will be mined in the United States!” Also Donald Trump: “We will raise tariffs on China to 125%!”. Good luck on your next round of Bitmain equipment American Bitcoin miners. I’m not sure that TSMC facility in Arizona is going to be pumping out ASICS this market cycle.
GM.
Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".
It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.
To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.
That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.
The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.
Anyway, I uploaded that chapter 13 on my website for free reading:
https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf
I have a photo from a Roman tomb that depicts Dionysus and Araidene that I saw in the Louve. Very cultured of you to include this content in your book Lyn!
You are not missing anything.
I apologize for my brash tone. I just don’t think the “influencer” community supports regular people entering bitcoin. People sent me sats but I worked for my stack. All those shady fucks that have huge amounts of bitcoin because they are fine with crime mean nothing to me, And the people who have always been there for me have helped me far more than the “community” or “circular economy”. I fucking hate that people think bitcoin means they don’t live in a centralized economy, Because in the end, Central Bank will use bitcoin to save their own asses, And will steamroll anyone who stands in their way. A new standard is emerging, Thank you for educating people on it, But broaden your knowledge. You are missing out on the 4d chess at play now.
GM i want to believe just because i love the idea of very very big trees!
nostr:nevent1qqsyrpxn9gt80tpx39my845xczd0e02e5fey67k2gnm4z6uazf8xlrsmqv22a
Put the joint down man.
Maybe you need to pull your head out of bitcoins asshole and think about some other things, Maybe like geopolitics for a while. I admire that you believe in helping the poorest people in the world but I don’t admire that you think your bitcoin stack makes you more important than cheap Americans.
