California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense https://www.zerohedge.com/political/california-defaults-186-billion-debt-saddling-employers-expense
And now we know how they're planning on paying for the reparations program.
I think I get the general case for bullishness. People are slowly realizing that the dollar is failing and they're increasingly coming to understand the valuable properties of bitcoin. Since we expect the dollar and other fiats to fail, we see the system as being out of equilibrium and think the equilibrium value of bitcoin will be much higher.
I don't understand the case for why the very predictable and mechanical event of the bitcoin halving wouldn't be priced in prior to the halving. My question is about why the price would run up after the halving, when everyone is expecting that outcome. Why wouldn't all the people predicting that bull market load up on bitcoin prior to it?
Not any better than the meteorology models the ai is referencing. There are theoretical reasons, related to the Uncertainty Principle and chaos theory, why predictions beyond a couple weeks will never be reliable.

⚡️ #Bitcoin Anatomia 2023
1. Reduzir pela metade
2. Corrida de touros
3. Mercado em baixa
4. Corrida pré-halving
Repete Ciclo 🔁
para 1: À medida que a recompensa do bloco se aproxima de zero, o impacto de cada halving no mercado pode diminuir gradualmente.
para 2: O efeito do halving na corrida de touros foi significativo no passado, com ganhos de 9896% ➡️ 3491% ➡️ 725% ➡️ ?. No entanto, o efeito pode tornar-se menos significativo ao longo do tempo.
para 3: O halving também teve um impacto significativo no mercado baixista no passado, com perdas de -87% ➡️ -84% ➡️ -77% ➡️ ?. No entanto, o efeito pode tornar-se menos grave ao longo do tempo.
para 4: No momento, estamos na corrida pré-halving e, embora tudo possa acontecer, é altamente provável que haja ganhos significativos.
https://twitter.com/StockmoneyL/status/1648416563404341252
Share 🔁
[Publicado in Portuguese] https://t.me/TutorialBTC/7687
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Cool illustration! It will be interesting to see if it comes true.
Why doesn't the Efficient Markets Hypothesis apply to the halvings, though?
That was fun. Is that your honest result? If so, yikes.

As much as we want to focus on the grand topic of political freedom, there's more potential in learning how to live free in an unfree world.
I don't, since I prefer to support the alternatives to Big Tech, rather than prop them up while incessantly complaining about them.
It lets them exercise more control over banks, because now they survive by being in the good graces of the regime.
At any time they can allow a bank to fail and banks that don't toe the line will fail. It's through those bank failures that inflation will be reduced.
The problem with the Navy is that they kill innocent civilians for money, not that they hired a dude who performs in woman-face.
Florida to Ban CBDC as Money
You have to finish asking your dumb questions before you can do really smart shit.
They're both arbitrary systems of measure and neither is sufficiently better than the other to justify the cost of learning to switch.
Base 12 is low key under rated for fraction thinkers.
Reminds me of New Mexico, except for the apparently well maintained road.
That is likely what will happen, but it isn't true. Modern central banking operates with full knowledge that they are distorting prices.
If we win, history books will accurately describe central banking as the crony grift it is.
It costs about 3 cents to create each penny.
The current porn industry is extremely abusive. I'll be happy to see it fall.
The Economics of Space Travel
https://odysee.com/@mises:1/the-economics-of-space-travel:6?r=iDbwBbRY4tKbiFWma4v4ZQZRoEeni1G5
Absolutely, I think he's the best articulator of Ancap ideas


