yes, they are totally wrong
Some are a bit dilusional.
1. They want to remove monopoly of violence from Gov.
2. Then they think we can simple store our lifesavings under our beds.
I think Bitcoin is voluntary, and hiring a bunch of guys to guard my bed is similar to store my corn on a bank.
But they need to show proof of address to prevent them lending your stuff, otherwise you don’t “have” your corn.
the only nation to ever vote to get out of the gold standard
behind their direct democracy theater, it’s as socialist as it gets
they omega brainwash their population into modern green communism
check out Zermart like cities that go after car ownership and private businesses
but their national marketing is S tier, they learned to avoid banning things outright, instead create a complex enough funnel to drive society where they want
perfect money (or capital) makes accumulating a donation to humanity by delaying consumption
the more you accumulate the more others can consume at lower prices
instead of the feudal real estate rent seeking model we have today
gold bugs are totally wrong
perfect money has to have ZERO “utility” to avoid long term social conflict
If you want to see realistic predictions look at the red line (lows) and green line (mean) of the power law model. Don't even look at the highs line, it is possible that this line will no longer be reached, in fact this cycle will not, it is literally impossible.
If you understand the relationship between m2 money supply and bitcoin are simple mathematical calculations, it is not going to print all the liquidity needed for bitcoin to exceed even 200k in this cycle and the model tells you 380k at present.
can’t predict with math a new kind of asset with total scarcity
a few “news” can destroy every model out there
The fact people are discussing the possibility shows why you need to destroy the possibility of it.
For every major crisis, this will happen.
Then suddenly they will finally do it.
And if they don’t they will get accused of not taking action.
ETH (and all other centralized shit) is doomed to fail.
