Broad scale democide
Keep them in cold storage forever unless you really need the fiat. It's like selling the family farm.
Zerohedge ran my latest piece on Bitcoin ETFs - as per usual the no-coiners are big mad and completely losing their shit in the comments section…
https://www.zerohedge.com/crypto/platos-allegory-bitcoin-etfs
The ZH comment section is the best and the worst of the internet
What happens when anti consumers / hodlers have 90% of the purchasing power and only spend it on red meat?
This is when mining takes over. You will get a utxo through proof of work.
2024 the year everyone figures out we're in hyperinflation?
There are some early hash rate charts that show hash increases that were only possible by govt computing clusters. So they all have been mining it forever.
But if you knew you were going to lose reserve currency status to China wouldn't you rather have *nobody* in control of the money rather than yourself?
I think the Fed reacts to the halving to get people to adopt btc. "Hey we're printing money over here and this thing is reacting". They know they are beat.
Everything you read about BTC from Tradfi and Wall St sources is propaganda used to manipulate price and you.
Microsoft wants to replace the right control key with a dedicated Copilot key because its too confusing for users to use Winkey+C which replaced the hotkey combo for Cortana
https://techcrunch.com/2024/01/04/a-copilot-key-is-coming-to-a-pc-keyboard-near-you/
Microsoft isn't relevant enough anymore to be messing with everyone's keyboard
OpenAI has now blocked all access while using nostr:npub1mea2vwcu06qf7e4x00wd902vj54qnn2jacq76ldntrgfhtvhlpqqrvqane VPN. They’ve become the Coinbase of AI. For now, I’ll take my money to Anthropic, but longer term, self-hosted.
I have still never touched openAI and my brain is working pretty well. Proton >>
It's an obscure metric but that is one interpretation. But as the money supply goes infinite velocity goes to zero and that's where we are now. The Tradfi interpretation is "well there can't be inflation because velocity is going down" which is backwards. This chart shows that for every dollar of GDP we make we print one dollar.
GDP is an obscure measurement and so is M1 and M2. I don't think it's possible to measure GDP effectively and I don't think anyone knows the actual money supply.
Money velocity = GDP / Money Supply
As the denominator grows it goes to zero.