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nobody
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account deleted

I mean, I ask elites questions they never answer or blatantly call out their actions, so why not?

But we have been trying so hard to keep inflation down, all the world wants to get 5% ā€œrisk-freeā€

Chancellor on brink was an educated guess. Covid shutdown was the first nail in the coffin, and they learned nothing.

Rules > Rulers. Bitcoin wins.

I don’t even know what the derogatory term for edge is. Can’t use internet exploder anymore.

🚨 Announcement time! 🚨

We're proud to unveil our refreshed Wallet of Satoshi logo! ⚔

Staying true to being 'The World's Simplest Bitcoin Lightning Wallet,' we transition from our classic design to a simpler, friendlier and more modern aesthetic.

https://void.cat/d/TsFTEiBtvNyY89AhhDCde2.webp

We hope it grows on you as it has us, becoming the first sight for the next billion Lightning users exploring #Bitcoin!

Watch out as the new look gradually rolls out!

You might spot it in a double stacked format too.

We want to hear - what are your thoughts on our new look?šŸ¤”

https://void.cat/d/GA9xNygqwrgjiAJ4LtqbCZ.webp

Thank you, just keep the nodes alive!

I think what happened with the Bitcoin price is that some very smart people and some people with a lot of money, realized what it is and bought it. They refuse to sell it and waiting for the rest of the world to figure it out. There’s also stimmy checks, etc.

It’s not that it’s over or under priced. It’s just a timing issue.

So for a while it flows with the fiat currents, until it doesn’t.

I tried to explain this to my wife who is a RN, not financially savy.

I said what if in 1998 youworked and earned money to buy a dollar worth of gas. But instead of buying the gas, you invested in the S&P500 at inception. 25 years later it would still only get you the 1 gallon of gas, except for taxes.

You have to take on that level of risk, and when you cash out, in nominal terms it went from $1 to $3. So you gotta pay 30 cent tax and you still can’t afford your gallon of gas.

Why should a person have to take this kind of risk to keep the value of what they earn, and pay tax on nominal ā€œgainsā€?

The depth of theft here has yet to be understood.

Replying to Avatar Lyn Alden

Avoiding posting on Twitter at the moment. I’m just watching there. There’s enough overnight-expert Middle East hot takes and emotions are running high. The violence and scenes are terrible, and my heart goes out to all victims involved and those who will be caught up in it going forward.

I’ll instead post a few things in my lane here as it relates to global finance and todays actions relating to things I’ve already been covering but that now obviously have updates. Helps me get my thoughts together for what will eventually be my next client report.

-Actions like this show the difficulty of multinational currency agreements. Saudi Arabia and Iran have been having more peaceful relations lately as China brought them together (ā€œenemy of my enemy is my pragmatic financial friendā€, and so forth). They are both set to join BRICS+ in January 2024.

-But, Saudi Arabia has also been working with the US and Israel on normalizing relations with Israel, in exchange for US arms deals and such. Saudi Arabia was also making promises to raise oil output to alleviate oil prices if they grow too quickly, which the US wants.

-So this attack (w/ Iranian involvement and public support) puts Saudi Arabia in a weird place. Lots of division and competing goals within BRICS+. Has all sorts of implications for Saudi/Israeli relations, Saudi/US relations, and what happens in the coming weeks will affect how those go.

-Egypt and Ethiopia are also joining BRICS+ in January 2024 and they have had a multi year ongoing feud regarding the Grand Renaissance dam on the Nile.

-China and India are well known as not being on good terms. Border disputes and all that.

-Building trade and currency and military agreements between so many different cultures is a bigger challenge than doing so between US and West Europe.

I like your takes as well.

But ai’m glad the Bitcoin protocol is a ā€œhoney badger don’t careā€ constant in all of this.

BRICS+ may come to appreciate it one day.

That would be no surprise.

The medium of exchange here is Bitcoin.

Salability is near 0.

Tax collectors seeking info on it would be ddos’d with all the ā€œtransactions.ā€

Do you prefer a baby goat or a matta baby?

The irony of many people in the west is that we have capital but no clue what to do with it.

The thing is, you have to know, and not many people do their due diligence to understand the realities of the world we live in.

So the government schools don’t teach financial literacy. That’s not by accident.

It’s a damn shame when the people who get down and do the dirty work consistently, get passed over for promotions and recognition.

While the ones who sit back timid and unknowing rise up the ranks. I see it everywhere I go, and it’s disgusting.