YA WELL, I propose a fun time be had by all. Vote against that
One thing bitcoiners seem afraid to admit:
If bitcoin keeps growing at 40 cagr, the free market interest rate rises towards 40%.
If interest rates hit 40%, government debt becomes impossible to service. So interest rates will be artificially low.
If interest rates stay artificially low, then borrowing money to buy bitcoin is the release valve. Everyone will be incentivized to do this. (MSTR playbook)
If everyone is shorting the us dollar to buy bitcoin, there will be a political battle to force people into dollars. Bitcoin is an implicit attack on the state.
Wall street supresses btc price, small miners go out of business. Difficulty drops; large miners accelerate. Btc mining becomes largely concentrated in the hands of large miners. Governments request a ddos.
Any loopholes in this theory?
Damn 58k got hands
Its been a slice. See yall at the next multigenerational energy shift
Its easier to manage cold storage than it is to manage my fantasy hockey team. Anyone fudding self-custody is disingenuous
Hey @dave, what are you and why is everyone so interested
The winning report card. Everything is bearish and miserable, yet bitcoin hits new all time highs out of freakin nowhere
It doesn’t have to be unlimited to be a powerful attack. As long as people accept dollars for btc, the fees could be artificially spiked
https://fountain.fm/clip/quvRSVZjmGuws17fke6h
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
This clip from Guy on the covid pandemic response is 👨🍳
Can you think of a potentially hostile actor that doesn’t care about expense?
This is a very hard line for people to cross. i got to witness it first hand in my undergrad, our entire thesis was bullshit but it got published
Anyone ready to acknowledge this as a ddos vulnerability?
Btc fud these days is straight up hilarious. “There are TRADE OFFS? Time to abandon ship. Fiat is the only option.”
Bitcoiners are likely to increase their earning capacity overtime, armed with excellent knowledge and capital.
And you know what they’ll do with those increased earnings. Bullish