Proud to be the first to say: Fiat Media
Once the top 10 net producers in the world notice that Bitcoin only goes up, then the majority of wealth goes to Bitcoin.
It's going to infinity tomorrow.
No because even if you could define and acheive 'nothing' then you would have done it, which certainly is quite the 'thing' to do.
Everyone needs a good nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf #bitcoin rant ⬇️
Good rant, now pull up the clip where @erikcason acquires his entire stack on credit cards and urges others to do the same
I keep trying to think of an undercover logo or phrase for shirts/hats. No-coiners wouldn't think twice but Bitcoiners would know
Its going to infinity tomorrow
Its almost as if aligning your incentives with productive interests leads to high demand
Strange that this was ever disputed. 'freedom to interact with others' is obviously a good thing
The state owes you a life's worth of inflation + deflation AND the exponential wealth that would have been created since the 1930's.
Don't sell your Bitcoin.
and grayscale has double that
This is a freakishly insane number
Don't forget to FUCKING RAGE, and tell your friends in the public sector to look in the mirror
ANOTHER 5 billion reverse repo injection from Bank of Canada today
Fiat in its current form is basically just centralized market making. The tradeoff is short term influence over market actors, vs accuracy of price signals over time.
In the near term we get lots of tools to steer society around as we please. Not enough spending? Punish savers with negative real rates. Too much leverage? Jack up the bid for money 600 basis points over night.
Prices are perhaps the most important data that we have in society; they allow us to communicate with the near future. When you see a clear market price, you are essentially understanding the supply/demand dynamic for the NEXT market good.
These fiat manipulations add information to all price signals, by manipulating both the supply and demand of money in aggregate. People would otherwise be aggresively persuing what society wants. In fiat we end up persuing what we SAY we want.
Is anyone else's lazer eyes scorching today?
Bank of Canada has definately paused its tightening. I'd expect any decceleration of price inflation to cease, provided this holds.
#Canada
