Why would AI kill us when it can just be a bitcoin ASIC?
Bitcoin halvings have no bearing on shitcoin supply, yet there's a correlation between bitcoin halvings and shitcoin bull markets.
Weird.
Don't sell to BlackRock
Cost has warped our perspective on how high the value is. Mortgages are testing the limits of what people will pay.
After a few days in a desert with nothing, a litre of water is worth more than all of Manhattan. But water is abundant in most places, housing is artificially high because it's become *the* low risk way to save and get ahead in the 21st century.
Forgetting bitcoin of course.
One day everybody is going to wake up to find their houses aren't that valuable.
It's a shame that a lot of bitcoiners stayed on "X"
But I guess somebody has to bang the drum somewhere the NPCs can hear it
The real estate bubble will be popped by our children.
Hearing people make predictions about bitcoin, I think everybody is forgetting that everything is overpriced today, in today's money. It's not like this is the starting point.
We've had over 100 years of monetary debasement.
In 1990, my parents got a mortgage on a 2 bedroom house for £18,000. They were on below average wages of around £10,000 each. 2 years ago, a next-door neighbour with the same layout sold for £155,000. Needless to say, the average wage in the UK is NOT £77,500.
I don't think "there is no second best" has landed with most bitcoiners. I've heared a lot of really sad bearish takes lately which assume bitcoin won't make things better, it'll just make you fiat richer.
Fuck bears
A binance implosion would tip a lot of shitcoiners over to bitcoin.
Definitely.
Can you honestly say though, that central banking might cause less destruction and suffering if we experience the demise slowly enough?
Would it be wrong to vote for universal basic income because it'll get us to a bitcoin standard quicker?
We used to have 18 year old adults. Now we have 40 year old children.
We produce too much shit and almost no quality.
The whole supply chain all have their hands tied behind their backs.
It's hard to appreciate exactly how much and big "everything" is. We'll know once we've divide it by 21 million.
The internet isn't inherently bad. It's a mirror.
Another way to look at why the price goes up post-halving:
All other factors remaining constant, for the price not-to-go up, sell pressure would have to be introduced equal to 50% of the btc realised monetary inflation over the previous 4 years for the next 4 years.
