“To have CBDC-bashing as the latest litmus test for conservative politicians is indeed revolutionary, and from the point of view of individual and economic freedom that Bitcoin provides, is a positive phenomenon. But why is the battle being played out in rudimentary state commercial codes that have nothing to do with Central Bank Digital Currencies?”
““The strength of the U.S. dollar is derived from several important factors, such as faith in government institutions and the legal system, but cryptocurrencies lack these factors,” the report states. But this faith has been tangibly shaken as the world watches the banking system repeatedly fall back on the need for federal action.”
If you support a government when it unfairly bans something you don’t want, don’t be surprised when it bans something you need.
If you support a government when it unfairly bans something you don’t want, don’t be surprised when it ban’s something you need.
“It should be noted that holding Bitcoin futures ETFs does introduce third-party risk not present for those who hold spot bitcoin in self-custody wallets.”
“While China is undoubtedly the senior partner in the relationship between Beijing and Moscow, the two nations have much in common and are aligned on an ideological level; both nations have long had an adversarial relationship with the West and disdain for an expansionist NATO, and both share a desire to see a “multi-polar world” in which the U.S.′ dominance is challenged and, ideally, diminished.
Still, China has got to walk a tightrope of standing by its strategic partners and aims while not alienating the West and potentially losing access to its markets that are crucial for its exports and growth.”
https://www.cnbc.com/2023/03/21/what-does-china-want-from-russia-if-it-helps-it-with-ukraine.html
“To corner a market means to acquire enough shares of a particular security type, such as those of a firm in a niche industry, or to hold a significant commodity position to be able to manipulate its price.”
“Stacking” is the correct spelling. “Staking” is something quite different.
Everything is fine….
https://twitter.com/ecb/status/1637820782305845250?s=48&t=dPeXEA01zbBIZb_kaIHy7A
“Lagarde: The euro area banking sector is resilient, with strong capital and liquidity positions.
The ECB’s policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed and to preserve the smooth transmission of monetary policy.”
Everything is fine….
https://twitter.com/ecb/status/1637820782305845250?s=48&t=dPeXEA01zbBIZb_kaIHy7A
Possible evolution of Mr. Market’s perception of Bitcoin:
Risk-on asset > Risk-off asset > Opt-out asset
“Although Chomsky and Herman are mainly concerned with informal, non-state-directed control of the media, there have been recent incidents that have featured the United States government directly interfering with journalists. In 2013, the Obama administration subpoenaed the phone records of close to 100 Associated Press journalists as part of a probe into a story about a CIA operation in Yemen. The Trump administration likewise tried to obtain journalists' communications by seeking email records from New York Times reporters and then placing a gag order on the newspaper, forbidding it from revealing the request.
Incidents like this show that the media is not immune to governmental interference, but Chomsky and Herman’s focus on the more informal pressures that media outlets face implies they believe these pressures are perhaps more dangerous because they're less visible.”
https://www.shortform.com/summary/manufacturing-consent-summary-edward-s-herman-and-noam-chomsky
The news is the noise, Bitcoin is the signal.
“Powell believes the US system is backstopped, now he is free to crush the Eurodollar market which has been his intent all along.”
https://twitter.com/sonnyscrib/status/1637461388267253761?s=46&t=dPeXEA01zbBIZb_kaIHy7A
“Work is the miracle by which talent comes to the surface and dreams become a reality” - Gordon B. Hinckley
Comment: if Bitcoin succeeds, perhaps work will be like this for more people.
“As the padi state increasingly coded itself as “Han-Chinese” - as a unique culture, a civilization - it coded those who were not incorporated, or refused to be incorporated, as “barbarians.””
“If semiotics has taught us anything, it is that linguistic terms are inherently relational. They can be “thought” - let alone understood - only in relation to their implicit exclusions and contrasts. So it is with the terms civilized and barbarian.”
The Art of Not Being Governed - An Anarchist History of Upland Southeast Asia, James C. Scott
Chapter 4: Civilization and the Unruly
“Building on top of a money that is built to retain its value, versus a debased money that results from credit expansion cycles and their impacts to the banking system is pertinent to a prosperous future.”
“The path that the American federal government continually demonstrates it wants to take is that of a regulated government currency, either the dollar or similar, and not that of bitcoin. But state governments have shown their support for sovereign usage of bitcoin, including Arizona and Wyoming.”