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Akashi Hyogo
a1cde5f15a4bf8cdfb76175812d0d22943d678201dfc9d57edde9492a9fbc5be
Philosopher, speculator, gambler (based on where we are in the cycle). Background in quantum mechanics. Becoming old money in one generation.

I like the vibe, but this is tautology. Before "institutions entered" all Bitcoin was retail. Institutions (and soon governments) have no where else to get it from except from retail.

Question is why are people selling "so low", when we all know Bitcoin goes to infinity and beyond :D

It looks like every cycle brings a new wave of people. And every new wave of people needs to get burned by:

- making 100% "profit",

- feeling like geniuses,

- seeing how retarded they were to trade

Most people who buy Bitcoin still think this is giant ponzi scheme and can collapse any time..

In my country, "government budget consolidation" means new & higher taxes. I wish I was kidding.

Abover average IQ people think abolishing VAT would not lower prices, because sellers would just keep the same prices as they all collude anyways.

Againg, I wish I was kidding.

The "greed" argument is idiotic. If incentives are aligned, there is no "greed" problem. That's the Bitcoin way.

But change of broken law, that enables billionaires (big pfarma) to extract 10x more money from sick working class people and pump questionable/dangerous "medicine" to most vulnerable definitely is.

(I don't really care, not from US, don't know if this change actually helps .. but current law is definitely the issue)

So you say, the same corporations are just less greedy in the rest of the world? I should go thank them for their grace lol.

Not really, I am in EU. I pay extra 15% health "insurance" (tax) to government fromy income.

And if I actually need some serious health care I have to go to private hospital and pay extra anyway because waiting times in public hospitals are several months! (You need MRI scan? Come end of April - real story from yesterday).

That's my "free" healthcare "offered" to me by my government in EU.

Replying to Avatar Jameson Lopp

To be fair, most countries use stolen crypto to create strategic reserves.

You are paying 10x, even 100x for the same medication as the rest of the world and you are overmdicating children with all kind of crap (Medicate is the reason) and yet your outcomes are terrible compared to rest of the world.

More spending != better outcomes.

Is true. The best they can come up with is: wait a bit for it to raise, sell "initial investment" and let the rest do whatever it does (in their mind there is still considerable chance for 0)

I seriously doubt the orange man with polulistic agenda wins in the end :D

That's how reversed causality works.