Avatar
Speedster
8e5276ced91f1d734aba38bea38a7a82354e3b83a2fafcf85992869c7009624e
Pilot, Bitcoin Pleb

Yeah I’m feeling pretty good right now. Trust you are doing well and enjoying the pump.

I wonder how long till bitcoin price in USD exceeds the block height.

Looks like Asia just woke up with FOMO after seeing bitcoin hit $80k while they were sleeping.

Replying to Avatar Ghost of Truth

Former Chair Of The European Communist Bank (ECB) Warns Of Productivity Gap

While Brussels bureaucrats continue their paper-pushing parade, Europe's tech sector is getting absolutely demolished by freer markets across the Atlantic. Former ECB head honcho Mario Draghi (yes, the money printer himself) finally admitted what Bitcoin bros and tech entrepreneurs have been screaming for years: the EU's regulatory stranglehold and infantile destruction of free markets is killing innovation (don't worry, of course the commie didn't say that!)

Speaking to a room full of EU central planners, Draghi basically confirmed that their beloved regulatory framework is about as useful as a chocolate teapot when it comes to fostering actual technological progress. The productivity gap between the US and EU isn't just a gap anymore - it's turning into a canyon, and it's getting wider by the day.

Here's the real kicker: while US companies can pivot and innovate at the speed of market demand, European firms are still waiting for regulatory permission to tie their own shoelaces. The EU's response? More committees, more regulations, and more "unified approaches" - because that's worked so well so far, right?

The irony of having a former central banker warn about competitiveness issues would be hilarious if it wasn't so tragic. Here's a wild idea: maybe, just maybe, less central planning and more economic freedom could do what decades of EU directives couldn't?

But hey, at least they're unified in their commitment to staying behind. 🤷‍♂️

Source: https://www.euronews.com/business/2024/11/08/trump-policies-may-push-ecb-to-cut-rates-draghi-urges-reform-efforts

#EU #EuropeanUnion #Socialism #Draghi #FreeMarkets #Bitcoin #CentralPlanning #TechFreedom #RegulatoryBurden #Economy #DeregulationNow #ECB https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/f556860cf0f2259db74b298460b743aec6369bd0e2b055dfabeaec49b2d627e2.webp

Perhaps watching bitcoin win real hard in USA will shake some sleeping lions awake in the EU. Or perhaps they will slip into another dark ages.

When bitcoin gets to ~$110k it will surpass Amazon. I think that will be a wake up call for a lot of stock holders & money managers.

Weekend pumps back on the menu, I’m loving it.

I doubt for much longer. Soon you’ll have to provide goods or services as no one will take fiat.

Replying to Avatar Filipe Martinho

I just finished reading "The Mandibles", after nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpz4mhxue69uhkummnw3ex2mrfw3jhxtn0wfnszynhwden5te0wahhgtn4w3ux7tn0dejszxthwden5te0wdjkuerfwshxummnvekxzun99e3k7mgrcp7e2 recommended it on one of his podcasts about a year ago. Absolutely brilliant book. And I agree with Odell's characterization of it: it's from 2016, but it's far ahead of it's time, and in a few years it may become a timeless classic.

Great book I agree, perhaps it will be famous for shaking people to action and as such the story doesn’t play out.

I feel like Bitcoiners world wide are the winners right now. Congratulations for everything you have done.

Closed the sale of my last rental property yesterday. Proceeds already converted to bitcoin. Bet I’m not the first or last to see that BTC is way better than property for storing wealth.

Inflation is killing me, a dollar won’t even buy 1500 Sats anymore.

Check out tomhonzik.com for some great bitcoin thought provoking articles.