We’ve been watching the thesis of the Sovereign Individual play out as the world transitions from the centralized industrial age to the decentralized Information Age.
One of the predictions is that the large nations, like the 🇺🇸, would fragment. The trigger could be anything but I’ve always suspected it would be a financial crisis, probably over the federal government plundering the states, an echo of the original Tea Party.
I’ve been increasingly seeing signposts like this 👇- financial disputes between the states and federal government. In addition to issues like the border dispute, you can also see how blue states are going to need bailouts soon for their mismanaged pensions and massive state debts.
Will the red states pay?
Will be interesting to see how this plays out.
Thank you kind banksters for promoting bitcoin. 🫡 nostr:note1ku5uq9f3f6zefcth8h27q0x4vym8jtmktr375egvt6jduzwpwqdq6aeruk
Instead of reusing the grocery bags as garbage bags, you probably need to buy even more plastic bags for your garbage too.
Please let me know when this is over so I can resubscribe to you. 🙏
The globalist effort motivating people to eat bugs isn’t out of concern for their health or culture. It’s about serfdom and making people think their poverty under a declining fiat system is a good thing. (“Think about how you’re saving the planet by eating bugs. You don’t want that beef anyway.”).
Really enjoyed your past content. Looking forward to more of that.
Zoom out to appreciate how far we’ve come. Civilizational change takes time.
They just approved bitcoin for international trade last week?
What do you anticipate will happen when they realize, like we do…
…it’s freedom from seizure and censorship?
…that they can receive digital verified payment for billions in minutes?
…that they no longer have to invest in foreign fiat bonds?
…that it’s making their country wealthier and more prosperous?
I suspect they’ll start using it more often.
It's worthwhile to note that Russia announced its *central bank is allowing "approved entities" to conduct (no doubt heavily surveiled) transactions.
Not really a great example of decentralization.
https://www.nobsbitcoin.com/russian-bitcoin-mining-payments-law/
Some positive progress. Yes, not yet embracing the decentralized aspect for average folks but it seems that they recognize the decentralization benefits, at least for themselves as a country against the US and Europe.
The benefits for Russia are significant. As they move to a bitcoin standard for international trade, I suspect it will percolate throughout their society. Maybe they look like El Salvador eventually. Bitcoin changes people.
Maybe? I don’t really know what’s happening on the ground. My friends in China say that anyone who wants to buy bitcoin there can. They’ve recently approved the ETF in Hong Kong. I hear that folks are still mining within China.
It sounds like Russia is discouraging it for average citizens but we’ve recently seen some legislative progress there too. Not sure if there any actual crackdowns.
Things seem to be making positive progress.
Russia announced using cryptocurrency for international payments, and has been doing well despite the sanctions, and the majority of Chinese exports are now paid in RMB.
There probably will probably be a (hotter) war but that should decentralize things further. The US has a sovereign debt crisis brewing.
I’m not saying there won’t be challenges and attacks. I’m just saying that I’m watching things moving towards decentralization and I’m encouraged by it.
Yes, true. I’m hopeful because I can see the world shifting to more multipolar. This makes it more likely that countries will compete against each other.
Yep, expecting all types of federations and some rug-pulls too. I think that they mature into something that looks like credit unions eventually.
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😂
Nice try. When you say “push” are you referring to how Satoshi used Santa to deliver updates to nodes around the world?
I think you should read it more closely. It says “enforced” not activated. That’s because it was already active in July 2010 when the code was checked in. The enforcement in Aug 2017 was the point of the UASF … to force the big blockers into a chain split.
Did you think you “got me”? 😂
Sometimes I get stuff wrong, but I didn’t this time.
I’ve been seeing a few fund managers do this now. Add BTC to their other bond and equity funds to goose returns by taking advantage of BTC’s incredible Sharpe ratio. BTC burrowing itself deeper into the financial system.
Game theory at work. Limited supply so always advantageous to acquire BTC before others do. nostr:note1c7qawuw5uy2ra4clv67fe0x7ch28td8pl7dnq8kl8gdk77kgyqdshajs7e
No, Satoshi set the 1 MB size on 15 July 2010, many years before segwit. Link below.
The big blockers had their priorities reversed. They were ok with centralizing the chain permanently to make transactions cheaper temporarily.
If you are still a big blocker, perhaps you would find your ideological home with either bcash or bsv. Transactions are definitely cheap over there.
Wasn’t it 1MB?
When you look at bcash or bsv, are you thinking we should fix bitcoin by bringing those big blocks here too?
Nothing stops people in oppressive jurisdictions from using federations with community leaders who reside in other safe jurisdictions.
I’m also expecting signing schemes where you don’t know who the actual guardians are, but you know that they are within a specific set of trusted individuals.
What did Satoshi say, that we need big blocks?
We seem to be at that point now when daily global demand matters much more than the daily supply reduction from the halving. Next halving will matter even less.
What creates the bull run is the long term accumulation of coins in strong hands after the bear market. These long term hodlers have price targets that become self-fulfilling. Eventually some increased global liquidity causes the price to run and to bring in the degens who drive the price up to our mental target.
It’s not stock-to-flow that matters. It’s actually the price target that we, the long term hodlers, have in our heads. When we collectively start to sell too much, the bull run is over.