Balajis just said that he’s a #Bitcoin maxi now on the Twitter space. Interesting conversation.
He might have fully become orange pilled. What’s happening in the banking industry is something hardcore Austrian economists have been predicting for a long time. We are watching the death debt spiral in real time. I think a lot of people are going to be orange pilled this cycle.
I think he’s overstating the pump Bitcoin will experience as a result, but ridiculously high inflation has arrived.
Could be a wild ride.
By the way, I really enjoyed your interview with Preston Pysh. Found it very interesting.
What do you think about Balajis predictions in light of inflation?
What level of inflation would you expect to be normative over the next two years?
Is a hyperinflation scenario possible?
I think this is where relays can really shine. Let’s say you don’t want the pollutants of normal social media but instead only follow the relays of places that you want to hear from. You may want to hear current events (from trusted sources), Bitcoin friends, your favorite sports team, and other hobbies. You can follow relays for each of those and be exposed to only signal. Everybody can customize their social media experience creating true value.
$1M would be insane on many fronts. He’s basically signaling the final nail in the coffin for the fiat system.
IMO, OP_Vault could be the protocol change that brings on more governments and institutions.
Would you have to run some type of escrow 2 of 2 arrangement to make it work?
Verifying my Nostr Nests identity: G6qYvYl5ZEo0SlYbYvRZte8eMhL0R7O9oahIghipZdw
I think they’re doing a tightrope walk. They have to be careful on both sides. If they’re too heavy handed, they will orange pill a lot more of the population thus waking up the American people. If they aren’t strong enough, their inaction has taken too much time and Bitcoin is way too far ahead.
What they don’t understand is that it’s already too late. Their best attacks will only slow down but it can’t stop the inevitable. Their greed will kill the fiat system.
The only problem is space. Just make sure you have enough storage or you can always prune.
“Bitcoin Core requires a one-time download of about 500GB of data plus a further 5-10GB per month. By default, you will need to store all of that data, but if you enable pruning, you can store as little as 6GB total without sacrificing any security.”
Conservative states start to fight this. More statist leaning politicians push for the CBDC and banning bitcoin. I think this could lead to a major split in our country.
I think it is extremely conceivable. I’ve heard #[5] talk about this in a podcast before I believe.
Once the Fed govt starts to push some sort of CBDC or even get more intentional about shutting down on/off ramps to Bitcoin, pro-Bitcoin and pro-crypto politicians will find a voting populace looking for politicians that back their interest.
I think it’s very likely that this could eventually lead to a divide in our country that could possibly split the country in a more permanent way.
Our current fiat system in a nutshell.
Exit #fiat.
Buy #bitcoin.
#plebchain
That’s true. It’s one reason why I like seed signer as an open source signing device.