True. To me, it felt like people just all snapped out of their trance a month before the election. There were a few signposts that I noticed, like Bezos’s op-ed explaining how the media had lost everyone’s trust. An obvious and true statement, but one few could say out loud previously.
I’m optimistic. Hoping for the best but keeping my back up plans just in case.
Interesting to see how the 4th turning is coming together. We have the simmering wars and the escalating debt crisis to resolve.
If I were Trump, I would trigger the debt crisis immediately upon taking office. No more measures to kick the can down the road. Better to have the crisis at the beginning so that they have the full four years to fix. If the crisis comes later, Trump will own it and it could affect his legacy.
The global reserve system based on treasuries is dying, for the reasons we all know. The future system is either gold or bitcoin with massive price increases to back the debt. There is no other choice. The US has significant influence and could push the dominos towards one or the other.
If it’s gold, the BRICS countries, including Russia and China, disproportionately benefit. They have been building up their gold reserves. If it’s bitcoin, then US citizens disproportionately benefit because most of the coins are held by Americans.
What will it be? Which one will the US start buying and pushing on other countries?
And Trump has so many bitcoiners on his team… 🚀
https://xcancel.com/TheBrandonMorse/status/1854561227109757239
Ladies moving so far politically left they’re now right
https://open.spotify.com/episode/6krm7rab7yQMXIYsxlSOqh
Trump’s transition manager. Peek into how they’re thinking about governance. Incredible story at the end.
I’ve been on vacation for the last week. What did I miss?
I believe we have just witnessed a seismic shift in American politics in the last month or so.
I saw the spike in Trump’s odds and was wondering if it was real. Since then I’ve seen many events that seem to corroborate it.
People are waking up from the woke craziness and starting to drink truth serum. The latest was this truth bomb by Jeff Bezos.
https://www.washingtonpost.com/opinions/2024/10/28/jeff-bezos-washington-post-trust/
🧐 
Yes, the L2s need work. I believe that’s ok because we still have time. The progression is store of value —> medium of exchange —> unit of account.
We are still early in the store of value phase. Few people will want to spend bitcoin when they receive and can spend worse monies like USD.
Once a good chunk of the population is on zero and only has bitcoin, then the volume of spending will increase. People will be then forced to spend bitcoin for their day to day expenses. We’re still far away from that. Maybe a decade? Obviously hard to know.
We’ll know that we’re moving to the medium of exchange phase when those who only accept and hold bitcoin gets to a significant percentage of the population.
Interestingly for bitcoiners, the Trump team is considering a potential bond crisis in the early part of their term.
Start listening at the 6 min mark.
https://xcancel.com/Geo_papic/status/1850942656941265302#m
It seems to me that they might look to bitcoin to help offset the bond crisis should it happen.
I’ve come to understand fascism as the authoritarian system that rewards elites with power and wealth.
Socialism is the authoritarian system that rewards the unproductive class.
Both of these systems are authoritarian and eventually fail because they subjugate the productive class that creates all the value.
The alternative is a system of property rights and freedoms that rewards hard work and productivity.
To me, dynamic block sizes sounds like a way to make blocks bigger and subject to political whim.
My view is that we should maximize decentralization of the main L1 to maximize bitcoin’s resistance to state attack. Generally speaking, the larger the blockchain, the fewer the number of nodes that can run it.
Does that mean we should shrink the blocks to the size of one transaction? No. But if people are putting large volumes of non-financial data in the blockchain, then maybe the block size is too big.
My view is that the main L1 should serve the global role analogous to FedWire today. A global settlement system for large transactions. All smaller transactions should move to L2s and L3s.
It’s an interesting argument. Bitcoin might be better with smaller blocks. 
https://rumble.com/v5k5s9x-why-are-democrats-voting-for-trump.html
One of the best videos I’ve ever seen. Thousands of hours of my own research over the last few years summarized in 90 mins.