love this piece and the subtlety that its not screaming Bitcoin or Nostr and anyone can enjoy it even if they don’t make the connection
Good Morning and Pura Vida all, and especially to the lucky #Nostrica peeps down in 🇨🇷
Beautiful day to have a beautiful
day. 🤙🏻 🌴 🌊
Balajis made a comment in his twitter spaces last night subtly hinting at this. I think he is aware that his price target is insane for such a short time frame BUT it is great marketing and will get eyeballs and minds thinking about having an exit valve. 🤙🏻
Lol. At least Mcafee was more entertaining with his predictions. 🔪 🍆
I didn’t see this but just read it. Agree though and great writing. Well done and logical as well.
My point of these discussions (aside from the crazy bet and price prediction) was just to say that $1M target in 90 days would pretty much be good for no one if it happened imo.
I hate the thought of someone TRYING to force that issue by getting a collective to believe that case. That’s like a psychological bank run on the dollar. If it wasnt Balaji i think all this would be dismissed a lot easier.
The difference between 90 days and 4 years when you’re talking about this large of a change is massive though. That is 16x more time.
This is my entire point. In that short of a timeframe things break. Everyone knows the titanic is going down, but if you want it orderly you need it to go down slowly so people can get on the lifeboats. 90 days is not slow, its insane and i don’t see any scenario where btc hits $1M that fast and things stay orderly.
Very much the ‘don’t fuckin dance’ scene from the big short. I don’t want to get ‘rich’ at the extreme expense of others because if things break that much and that fast its bad for everyone imo.
💯 and to be clear, the issue isn’t that it won’t get there in time. But when you start dealing with the law of large numbers and are talking tens of trillions of dollars, the game and consequences are different than millions/billions.
That doesn’t change my feeling about any of this discussion.
Happy to be wrong and see btc hit $1M in 90 days without things breaking. That’d be beautiful, i just don’t see it happening.
Would absolutely love to be wrong about that. I don’t think i’d ever be so happy about being wrong honestly.
Thats right. I didn’t clarify that well. But my point still stands as that is a crazy increase in mcap in no time at all and would be like nothing anyone has ever seen.
I’d be all for it though, assuming no negative externalities but i just personally don’t see that happening in such a short timeframe.
I would hope that’s the case but regardless of the asset, having 19.5 trillion dollars flowing into something that fast usually would mean something is happening on the flipside of it all. I just don’t see whatever that flipside is being a good thing.
I don’t know much nor pretend to know much as the entire system is so very complex but just seeing that kind of potential movement that fast worries me.
Thank you, i was wrong and missed this tweet. 🙏🏻
Yeah maybe his thought process is just using the bet as a siren and wake up call by being insanely extreme.
$100k prediction wouldn’t be that unreasonable, but $1M would be like a 20 trilly mcap or something which is bonkers to me personally. I don’t like to think of the overall collapse that has to happen to get to that number. It’s not a good scenario for anyone.
Considering #Nostrica starts tomorrow, kinda disappointed at the lack of beach and beer pictures in my timeline.
