Jealous of you right now. Enjoy.
I wonder if Binance is still offering 25x open interest options on sTaBlEcOiNs. “I finally hit one of my LoNgS and now my repayment source is worthless.” I love these idiots.
?cid=2154d3d7wglmms3a8mmm3piprp19tybgcm2ca3f75h4fhhwo&rid=giphy.gif&ct=gImagine explaining to your grandkids that the reason you aren’t financially free is because as the old system was collapsing you rolled your USDC into ETH at a 15% premium.
Just sent this to a large USDC holder that still didn’t get counterparty risk. This made it click for him. Succinct and clear piece on this issue. Thank you sir.
One of the all time greats. We need more modern day Chestertons.
Education system has brainwashed us. That coupled with the fact that our life has been so good compared to the rest of the world, we just blindly follow voices of authority.
Short term, in terms of price driving adoption, sure. Zoom out, medium term, I think it accelerates the self-custody and true ownership message faster than the adoption curve would. All of this was inevitable. Better to get it done and move forward.
Once you realize that the entire monetary system is weaponized to eliminate competition against the oligarchs of our day, the world starts to make a lot more sense.
It means that our politicians and media will tell us that proof of work for Bitcoin is bad because we are boiling the oceans, but when foreign leaders try to opt out of the petrodollar system, we murder them and their citizens through assassination and war.
Moralizing hysterics will try to say that energy use to secure a currency is a bigger problem than murdering foreigners to secure a currency. People wonder why society is breaking down.
That and the “stakers”. It still is absurd.
Someone is gonna have to explain to me how ETH is worth more than a nickel right now.
Every leader in the past 110 years are responsible for the mess we find ourselves in today, but it’s perfect that this vegetable is at the helm as the true chaos unfolds.
Wall St still doesn’t know Bitcoin has no counterparty risk. Consider yourselves blessed that you do understand that.
Glory glory hallelujah.
?cid=2154d3d759qzwusj25rb2vtmpggz1z4l70ls2l6ri66gcx91&rid=giphy.gif&ct=g21 million tequila shots will get ya.
The additional bank collapses and crazy volatility.