His analysis is almost as bad as his analysis on China. No, China is not going to credibly challenge the dollar system. You can't be an alternative to the dollar reserve system if you cant take out more than $50,000 out of the country per year. If China actually wanted to challenge dollar supremacy, they would have to stop their capital controls which would crash the Yuan since any self respecting Chinese person with a brain and actually knows how the country runs would dump the Yuan and move their assets.
Hey thanks for the attempt. I need to figure out how to configure a lightening wallet.
Sorry for double post. This this is the link for EVs. They subsidize their industries at scales that dwarf whatever protection/subsidy the US/west does with their industry and flood markets with cars that are not profitable running sustaining businesses out.
Dunno Lyn.
The amount of drama and missteps are quite problematic. Do I hear any of this drama from River or Fold who just IPOed via SPAC? Either Cory has had bad luck after bad luck or there is a level of incompetence that is troubling.
Just an example. Swan decided to use Fortress Trust which failed. It was ran by this individual https://www.denverpost.com/2008/01/07/swinging-from-one-net-conquest-to-another/
BTC is an extremely unique and hard asset thrusting itself into the limelight of traditional finance. It experiences long, powerful bull markets, followed by debilitating and painful refractory periods—leaving many participants drained and suffering through years of deflationary, life sucking prices. If you're a centralized custodian, a certain level of seriousness is required, as you can’t just print your way out of a blown-out hole.
Personal life not withstanding, it does not bolster confidence that Swan would choose a custodian ran by a man who's experience consists of running a singers webpage , performing in a swingers cornhub video and a disastrous failed at first attempt with Prime Trust.
All of this found with a 10sec google/brave search. I suspect others like River saw the debauchery in the industry and decided to build their own infrastructure.
Also it would be easier to track where he rips other posts presenting them as his own. Much harder when your posts are final and can't be deleted.
You need to get back on X. So many people need their hands held....
If a recession and slowdown hits, could the parabolic bullrun be delayed 1 year into the 2nd half of 2026 when interest rates drop and m2 money would expand?
Nah. Humanity unfiltered. Expect that here at minimum on NOSTR, if it ever takes off.
All of us with ntj have this when we dig into something we have passion for. Ability to see a future but not logically explain it even though the intuition is grounded in facts/logic.
It is the feeling I got when I bought 1000 split adjusted mstr calls in 2023. I am sure saylor had a gut feeling when initially doing converts but probably didn't expect it to play out exactly as he anticipated.
There is a famous bitcoiner who popularized the term "bum bum check". He left the mother of his daughter for a onlyfans wannabe pornstar. They took pizza pictures together as if his audience wouldn't notice that the girl in this picture was different....
He now peddles alpha male bitcoin meetups.
You will have to dig up the bitcoin drama on Twitter to find out the drama that ensued.
His take is so bizarre given that he had to pay 40 million to DC for unpaid taxes. There are only 2 possibilities:
1) He is a tax cheat and purposefully evaded taxes.
2) The DC government employed lawfare to shake a few million out of him because the cost of defending himself far outweighed the cost of simply settling even though he did not have residency in DC.
If case number 2 is correct, there is 0 reason to trust the government. In this case, it was 40 million dollar shakedown that he could pay off. If BTC gets to what we think it will, self custody is absolutely essential.
I suspect there is more to the story as to why he is doing a U turn. In his tax case, apparently one of his "friends" snitched that he was bragging about not paying taxes in DC during parties. DC recently employed a bounty system where snitches get x% of the amount paid.
Perhaps it is the case that he is trying to avoid further scrutiny since there is a large target on his back now. If he wasn't such a BTC advocate, I doubt the tax claim would have been raised.
Central banks are now raising red flags about the threat of BTC. The last thing he wants to do is raise the ire of the multi trillion dollar finance community if he were to advocate their extinction with the proliferation of self-custodial solutions.
Do you think mstrs inclusion into the s&p500 will permanently increase their NAV to their bitcoin holdings? Alot of bulls think so but I'm not to sure how those mechanics will work with passive flows from the hundreds of s&p etfs.
With this "unexpected print" do you think the fed will still make some cuts for the remainder or 2024 or pause?
Hope he replies. Unfortunately I think he is to busy pumping "Smoking Chicken Fish" $SCF and other nonsense on his platform.
Huh? He is the only president in recent memory where his networth has gone down vs gone up after exiting office.
Ego...Perhaps but wealth...no.
Nice read. When you wrote for the motley fool, did you ever meet David Gardner? I was a subscriber to the MF stock picking service for a very long time until I found btc.
MFs questionable marketing aside, one of the most under rated investors imo.
I was an econ major. I think partially the reason why they don't teach econ properly is that there is a inferiority complex when it comes to more rigorous hard sciences like physics. If you look at a modern econ textbook, especially macro, it's filled with equations to compute meaningless enigmas that predict nothing. It reminds me of astrology several hundred years ago where they too had complex charts and math... which they conveniently only understood...to predict nothing. I found econ to largely be a waste of time... Fortunately I double majored in math which led to a more fruitful line of work in systems engineering.
If you understand this simple concept, you will understand income inequality: banks lend money to people who don't need money.
If the basis of your stimulus program is to make it easier to lend money, take a wild guess who that money goes to.... people who don't need money.
People are scared doctor. I think you need to hold their hand till the end of the month so they can make it.
Prognosticate prognosticator! The ghost of Bart Simpson has cursed us by locking us at 58k for 9 months!
Yep same here. Looks like the quality of posts in nostr as well as the UI has increased significantly since I returned.