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Undisciplined
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Convex combination of Ron Swanson and Britta Perry Cohost of The Stacker Sports Podcast

THE WAR ON CRYPTO - What Comes Next & What Can You Do?

Join Mike Maloney in today’s must-watch update, as he lifts the lid on the ’Global War On Crypto’ and what could be coming next. What could this mean for precious metals investors? Is this all part of a plan to introduce Central bank Digital Currencies?

https://odysee.com/@whygoldandsilver:1/the-war-on-crypto-what-comes-next-what:7?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq

The FBI's Disturbing Role in Grooming a 16-Year-Old with Brain Development Issues into a Terrorist

The FBI Groomed a 16-Year-Old With Brain Development Issues To Become A Terrorist by Murtaza Hussain

https://odysee.com/@KimIversen:d/the-fbi%27s-disturbing-role-in-grooming-a:d?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq

Could BlackRock Destroy Bitcoin?

"In this video, I discuss possible downsides to BlackRock becoming a large player in the Bitcoin ecosystem.

What happens if BlackRock accumulates a lot of Bitcoin and then loses all of it, such that it is no longer accessible (private keys have been lost)?

In that case, BlackRock has just made a large pro-rata donation to the whole Bitcoin network and Bitcoiners like ourselves.

Could BlackRock issue a lot of "paper Bitcoin" and thus suppress the price of Bitcoin? Possibly, but then so can anyone else.

BlackRock is economically incentivized NOT to suppress the price of Bitcoin, if it wants the largest AUM and hence the most fee revenue as possible.

BlackRock could of course be forced by a hostile outside actor like the US gov to create a lot of paper Bitcoin to suppress the price.

One thing is certain though:

-- Central banks are not going to want to hold paper Bitcoin.

-- Nation-states are not going to want to hold paper Bitcoin.

-- Billionaires are not going to want the counter-party risk that comes with holding paper Bitcoin.

-- Serious Bitcoiners are not going to want to hold paper Bitcoin.

Issuing paper Bitcoin also comes with huge risks. If enough people ask to convert their paper Bitcoin into real Bitcoin (i.e. withdraw from BlackRock's ETF) and BlackRock doesn't have enough real BTC, then they will need to go into the open market and buy real BTC. The resulting spike caused by this short squeeze could easily bankrupt BlackRock.

It's much more difficult to suppress the price of an easily portable digital commodity than it is to suppress the price of a bulky physical commodity like gold. Taking delivery of BTC takes 10 minutes. Taking delivery of physical gold takes a lot more time, money, and coordination. It is also much easier to verify/assay Bitcoin and provide proof of reserves than it is with physical gold.

BlackRock could also fork Bitcoin and create its own proof of stake version. However, they cannot force Bitcoin node operators to run this new software or hodl the new tokens. I would take any PoS BTC tokens issued to me and dump them for real proof of work BTC. Something similar happened with BCH, which made that hard fork unsuccessful. I would also never run a PoS version of Bitcoin on my nodes.

The PoW fork of Bitcoin (i.e. real BTC) will not be just for pirates and El Salvador. It will be for anyone who doesn't want BlackRock to control their money, like:

-- Freedom-minded individuals

-- Billionaires seeking to escape the tentacles of the US

-- Nation-states

-- Foreign central banks

That's a lot of capital, and it's not going to want to house itself inside of a BlackRock or US gov walled garden.

Finally, under a proof of work protocol, owning more BTC does NOT give you additional control over the protocol. In a proof of stake protocol, it does. For that reason, Ethereum better hope that BlackRock never comes out with an ETH ETF lol."

https://odysee.com/@TraderUniversity:a/could-blackrock-destroy-bitcoin:3?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq

"Guarantee" is an interesting word. It seems to always refer to a promise that is ultimately unenforceable, but that people interpret as a magical spell rendering the outcome inevitable.

BlackRock Blessing Bitcoin (Super Bullish)

"In this video, I discuss the bullish side of BlackRock possibly launching a Bitcoin ETF (technically a trust, but with daily redemptions and creation). In a subsequent video, I will cover possible downsides to BlackRock's entering the space.

Why is BlackRock entering the space bullish?

1) This will mean really large capital flows into Bitcoin, which may enable it to hit a new all-time high in the 12 months after this ETF is approved and starts trading.

2) BlackRock entering the space is validation of our long-held position that Bitcoin will not be banned in the US anytime soon.

3) BlackRock confers an air of legitimacy to Bitcoin as an investment for corporate balance sheets (e.g. MicroStrategy), as well as retirement accounts.

4) By creating a Bitcoin ETF, BlackRock is also implicitly giving its blessing to Bitcoin as an ESG-friendly investment-- which is what it has always been all along.

Bitcoin is much more ESG-friendly than central bankers and fiat money.

Bitcoin is fair and neutral money for 8 billion people."

https://odysee.com/@TraderUniversity:a/blackrock-blessing-bitcoin-%28super:7?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq

Happy Father’s Day, comrades!

I'm mostly just being facetious. I agree with your insight that almost any thorough treatment of a topic will only appeal to those with low time preference.

However, when I read Human Action my reason for doing so was ironically high time preference. Most people were recommending these long reading lists to go through before taking on Human Action and I didn't feel like investing so much time in preamble.

Voters Hate CBDCs. Why Do Governments Keep Pushing Them? | Peter St. Onge

Governments worldwide are trying to replace cash with CBDCs, and people worldwide are starting to wake up, but we need a lot more.

A CBDC is a government-run crypto-token that replaces the national currency with a tracking ledger—a list of who owns what—that lets government surveil, control, and mandate every dollar you spend.

They could prevent you from buying the wrong thing, whether raw milk or gas stoves, or self-defense. They could stop you from donating to the wrong person, as we saw with the Canadian Truckers. They could even force you to buy whatever a government bureaucrat tells you to.

On top of the Soviet-style surveillance state, a CBDC is an existential threat to the banking system, to the US dollar and would give central planners push-button control over every element of your life.

https://mises.org/wire/voters-hate-cbdcs-why-do-governments-keep-pushing-them

It seems like a bunch of deer came through last night and ate a bunch of our flowers and other plants.

Tragically, our tomatoes and strawberries were temporarily on the patio while we stain our deck, so the deer got those too.