Fits perfectly into @MartyBent's recent piece. Maybe someone should hear out the head of Baltimore’s Finance Department. Sounds like they could sure use bitcoin.
Federal, state, and local governments continue to make promises they’ll never be able to keep.
This is def the most annoying part about nostr right now lol
I have a friend who works in traditional finance but also has a notable amount of his net worth in bitcoin. His main argument against going all in is his belief that the heads of our current financial system can continue to kick the can down the road for much longer before it implodes.
There’s no real argument against that opinion and past predictors of the end have all been wrong. I wouldn’t bet on it personally, but there’s always a chance they can keep the circus going for centuries.
The issue with not buying bitcoin because we think the government may be able to keep their charade going for much longer is in the thinking that it will function just fine until it abruptly ends.
The reality is that the system is harming those not close to the money printers more and more as time marches on. Each kick of the can (injected stimulus, more debt, new laws in favor of elites, etc.) causes the system to fail more people. You see this in the shrinking of the middle class. This is why Bitcoin has continued to rise in value as time has gone on. Bitcoin is not a futures bet that only cashes when fiat currencies implode, it’s an immediate escape as they continue to trend toward worthlessness.
This feels very real right now
nostr:note1r6kdm5mgkgwav342mx7ad8shx4zkqaf6nkj2rmmkga0gjxa6q7yqr09c4y
It’s frustrating watching bitcoiners pretend Trump holds no blame for the recent inflationary environment because he’s the bitcoin candidate.
Trump and Biden both oversaw the printing of tons of dollars.
Regardless of who wins in November the printing will continue.
There’s an extremely important race taking place right now between hyper inflation and the Bitcoin circular economy
Keep seeing popular accounts touting how the Bitcoin ETF holders didn’t sell through the recent dip as evidence that the legacy system boomers get it and have strong hands.
I’m sure some of them do, but I think what it really shows is that the majority of the ETF holders are actually Bitcoiners who had money tied up in the legacy system that they shifted to the ETFs after launch.
The big financial institutions have just began to green light the bitcoin ETF pitch. The old money isn’t here yet. That wave is yet to come.
You probably have more time to stack than you think but you might not
Act accordingly
Eventually democrats will realize supporting bitcoin pleases thousands of voters and fighting it pleases hundreds
The only ways for governments to accumulate bitcoin:
A. Control government spending and buy bitcoin with a surplus of the dollars they bring in via taxes
B. Print dollars and buy bitcoin with them
C. Take it via force
I see nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy talking about the US stoking long duration bond interest by putting a small portion of bond sales into bitcoin and in turn paying down the debt as the price of Bitcoin rises significantly as the duration of the bond plays out.
The issue with that is wouldn’t people would just buy bitcoin instead of bonds when they see it lapping the returns of a long duration bond until the bond payout rose to such heights that it competes with bitcoin’s returns?
Did we ever get the story about what happened with the Strike PoS integration announcement from the 2022 conference nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle?
Some takeaways from the conference:
- Trump doesn’t get bitcoin at all. He was clearly fed a few talking points by someone on his team but he has no real understanding. Then again this has only been a political issue for a few months now so we shouldn’t have expected him to be orange pilled.
- His promises to protect the rights of Bitcoiners, stay out of Bitcoiners way when it comes to policy decisions, and hold 1% of the total supply are all very positive even though most feel let down because he didn’t commit to buying.
- RFK is a real Bitcoiner. It’s a shame he has no real shot at the presidency as he’s clearly the top choice if you’re a single issue voter. Hopefully he joins Trumps team and advocates from inside.
Bitcoin and sound money aren’t intuitive because the average person knows next to zero about money not because they think our current money is the best option
So many of these “profound” ideas on how Bitcoin changes certain industries are literally just the effects of NGU