I'm planning to get my money out of bitcoin tomorrow so I can buy crashing stocks.
no way I am going to set my kid up to retire at 25.
As the value of bitcoin increases into the millions, MSTR could issue large and medium commercial loans and govt bonds backed by bitcoin but likely initially denominated in USD.
This is the way. YOLO the fiat my friends. You can make it for a month like Don't Believe here. 👇
lol
The algo writers didn't like the narrative from Thursday and Friday that bitcoin is a hedge against market turmoil. They got it into the red for Monday's news cycle.
That's a market crash not a wage and food crash.
I have seen this website .. it is grossly misguided! Probably done by someone born after eighties ..
Misguided? It's just data, man.
The idea that we're better off because of fiat is a total joke.
Only 40% of American homes are owned mortgage free, not 65%. It's really easy to find that number. More importantly, those homes are owned by boomers. No one else can afford them due to the divergence of wages and prices. Real inflation in the US in just the past 5 years is close to 30%. Store of value assets like homes have inflated by 200-300%. This is due to fiat money printing and isn't sustainable. In this system, people will never get out of debt.
ownership and possession are two completely different things. Where ownership is high, it is people 65 and older that were able to take advantage of a low interest and a higher correlation to wages and prices than what we see now. Non-boomers cannot make enough money to own things that foster the growth of families.
The majority of people in the West can't afford to buy houses and cars because of monetary supply inflation. Debt is the only way to do it. That's the reality.
I see this as an intermediate step to a lending system where suppliers or resources demand bitcoin rather than bank notes. I have no desire to stop at a place where the dollar is recapitalized on bitcoin. that L2 or L3 or whatever it would actually be is pointless. Lend sats into the economy when it is the dominant currency and the post-4th turning world will roar to life.
I disagree that the world was a terrible place. Un-pegging the currency from gold led to easy debt slavery.
I think I am ok with this as well, as long as those smaller units still cooperate economically and as needed for security.
I think it's more likely that if the US fractures, though, a new power base will form around Texas and will look south rather than E-W.
That view assumes that when bitcoin is used as a store of value, it will never be spent. The point of store of value is that expenditure is delayed and will be applied to its best future use. This fosters the best kind of industrialization.
Agreed, but there are other things that can be arbitraged, though, such as the cost of labor or the cost of commodity extraction, which in my view, is why limits to entry need to be established.
Industry starts locally, but it almost always requires resource input from diverse places. "I Pencil" does a great job of illustrating this effect. Industry needs a cooperative perspective where different regions contribute to industrialization in unique ways determined by their resources and skill sets.
What we want to see is for those relationships be protected and nurtured and not impacted by inputs from distant locations. Free trade pulls money away from regional producers to cheaper, lower quality distant producers, creating pockets of nearby insufficiency and insecurity, i.e. the rust belt.
#Bitcoin will power a new era of re-industrialization, create new wealth, stall globalism, and restore economic hope to ambitious regions around the world.
localism is fine for food a small scale services, but we need to manufacture things to bring wealth to our regions.
I predict Strategy will become the workaround for the issuing of productive credit in the US.
You don't need to end the Fed. You just need to bypass it.