BTC is living rent free in these groups:
- Career politicians
- TradFi folk
- No coiners
- Academics
- No coiners
- Ex BTCers
Why?
Because they know that they could end up on the wrong side of history.
That’s why we have nonsensical takes by Warren, Taleb, Roubini, Krugman, Munger and others. The paradox is that they cant stop talking about it when supposedly it is worth zero.
The plebs have to keep marching forward.
#nostr
#bitcoin
#plebchain
#forthekids
GM 🙏
PV ☀️☀️☀️
The current system needs to reset. We need to completely revamp everything — politics, economy, healthcare, education, media, etc. Sounds silly but BTC fixes most of our chronic problems.
#nostr
#bitcoin
#plebchain
#forthekids
Bitcoin renewable and stranded energy usage will keep on improving
https://twitter.com/dsbatten/status/1641589473757769729?s=46&t=rQWbJSpq2TDllEL2PnGsUw
GM 🙏
PV ☀️☀️☀️
Everything we have been talking about for the past decade is coming true. Gold bugs were of course first to realize this.
- Sinosphere lobbying for trading in yuan
- The West taking countermeasures to protect the petrodollar
- Smaller countries not wanted to do anything with either one
In any scenario, there is no alternative if freedom is important.
#nostr
#bitcoin
#plebchain
#forthekids
Is this real? Can’t tell if anything is true in this era of AI fakes.
So this banking crisis exposed everyone. The fiat emperors have no clothes and nowhere to kick the can.
If you still believe them —> stay in fiat
Stage: “then they fight you”
#bitcoin
#forthekids
GM
PV ☀️☀️☀️
Central banks are trapped. There is no alternative!
Bitcoiners have known this for a long time.
Others are just seeing the light.
#bitcoin
#plebchain
https://twitter.com/balajis/status/1638731349489238017?s=46&t=rQWbJSpq2TDllEL2PnGsUw
So everything is breaking at the same time.
- US and EU bank insolvencies
- escalating Red vs Blue fights
- legacy media losing control
- risk of multi regional hyperinflation
The only option is to print to oblivion and to print now.
Be ready plebs.
#bitcoin
Not sure why he is willing to lose 3mil in total (2x bets and giveaways).
Will find out in 3 months.
He’s preaching societal collapse kinda scenarios.
I’m confused as well. He does a hard pivot from shitcoins to bitcoin and risks $3 mill. He’s trying to catalyze hyperinflation or domething
Our dear friend #[0] from #PlebchainRadio wrote this 🔥 op-ed. Hyperbitcoinization in 90 days? What do you think?
Nonce Populi
Avi Burra
Balaji Srinivasan is an interesting character, to say the least. He can excellently articulate the fundamentals of Austrian economics and Bitcoin’s value proposition, while frustratingly pivoting almost next sentence to shitcoinery. It is a common pattern with him, traceable back almost a decade.
He also seems to possess the type of brain that produces a million scattershot ideas and predictions a minute: the occasional few that turn out to be correct, such as his long thread in January 2020 on the covid pandemic, tend to live in the public memory and have given him the aura of a modern day Nostradamus. “‘Balaji was right’ are the three scariest words in the English language” is a common refrain parroted in crypto and VC circles as a result. The multiple times his predictions are wrong are quickly forgotten (remember CityCoins?)
Balaji was back in the news yesterday with a somewhat confusingly worded, and on it’s face, a patently absurd bet. Responding to a tweet from an account (James Medlock) that bet $1M that the US would not enter hyperinflation, Balaji decided to up the ante in a seemingly bizarre fashion.
He proposed that Medlock put up 1 BTC and that Balaji would put up $1M (in USDC) in escrow for a 90-day period. If the US does not enter hyperinflation in that time period, Balaji loses and relinquishes his $1M. If Balaji wins, and this is the truly bizarre part, he suggests that the result of hyperinflation in the US in 90 days would be that the price of Bitcoin reaches $1M. That’s right 100M satoshis will be worth $1M in 90 days (and Balaji presumably gets to keep them in that scenario)
Since then, a twitter user has offered to escrow the 1 BTC on Medlock’s behalf, which Medlock has accepted. The bet, as it stands at the time of writing, appears to be placed.
I don’t think even the most uber-bullish bitcoin fundamentalist amongst us has even contemplated a $1M price tag by the summer of 2023, so it’s even more strange coming from a guy like Balaji. What could be going on here? One plausible theory could be that Balaji wants to use this as an opportunity to test an apex Keynesian brain-rot idea on inflation; that inflation is like Tinkerbell, it is only manifested if people truly believe it is happening, therefore willing it into existence. This idea was articulated by Jerome Powell very recently: https://nostr.build/p/nb3100.mov
If that is the case, expect to be bombarded by a hyperinflation narrative from Balaji over the next 90 days, attempting to create this new reality. Rocket ship, anyone?
(Meme credit: @npub1Pvuugp6Fyj6T6Yeq9Ajzv28P54W07Sg6Jpxvzuu5Yc7Qmu9Edpkqm2D7A5
If he is willing to lose $3mil (2 x 1mil bets + give away for batsignal), he might know something. OR he mined 1000s of BTC in his college days that it is minuscule fir him.
Interesting setup:
Balaji $1 million target
NN Taleb $0 target a while ago
Bitcoiners are being proven correct in real time.
- bitcoin not crypto
- fiat is and was a confidence game
- the modern financial system about to collapse globally
Thank you Satoshi and all the plebs.
🙏🙏🙏
#plebchain
#bitcoin
Something is happening 🚨🚨🚨
Balaji Srinivasan, the infamous Stanford university student that started the hashing escalation by using GPUs in early 2010s, is predicting hyperinflation very shortly. He is taking two $1 million bets that #Bitcoin will be worth 1 million USD in 90 days.
He is also giving $1000 in btc to 1000 people who can put out information/memes regarding the current central banking fiascos in the US.
In essence, he is betting $2million and spending $1million that hyperinflation is here. I follow him, but not his fan because all the shitcoinery. But now he is doubling down on BTC like never before.
Btw, he is the one that raised the alarm in 2020 January regarding the consequences of the COVID and how the West would screw up the response.
1. https://twitter.com/balajis/status/1222921758375927808?s=46&t=rQWbJSpq2TDllEL2PnGsUw
2. https://twitter.com/balajis/status/1636429773865095168?s=46&t=rQWbJSpq2TDllEL2PnGsUw
3. https://twitter.com/balajis/status/1637025637901938689?s=46&t=rQWbJSpq2TDllEL2PnGsUw
Balaji had it with the woke BS and our future being stolen.
He is serious. Memers, contribute if you can.
https://twitter.com/balajis/status/1636429773865095168?s=46&t=rQWbJSpq2TDllEL2PnGsUw
#bitcoin
Once BTC goes north of 6 figures in meaningless USD terms, Taleb will officially be a card carrying IYI like Krugman.
Nassim Nicholas Taleb has completely lost his mind saying FDIC bailed out #bitcoin.
Ever since getting jealous about Saifedean Ammous, he’s gone full crazy.
Moody’s rating was A3 for SVB last month. They downgraded just before the fall.
Remember, it is just a game being played on you.
#bitcoin
#forthekids
GM 🙏
PV ☀️☀️☀️
After 14 years of Bitcoin, if people still don’t know what counterparty risk is, there is nothing to say.
It all seems ok till it is not. Ongoing bank failures throughout the world is a feature of the late stage fiat Ponzi.
#nostr
#bitcoin
#plebchain
#forthekids
PV ☀️☀️☀️
Bitcoin ecosystem is doing extremely well.
⬆️ Hash rate
⬆️ Hydroelectric, geothermal, nuclear POW
⬆️ Layer 1 & 2 networks
⬆️ BTC jurisdictions across the 🌎
Don’t worry about the price in fiat.
#nostr
#bitcoin
#plebchain
#forthekids
We still have some trust issues with gold.
https://www.abc.net.au/news/2023-03-06/perth-mint-gold-doping-china-cover-up-four-corners/102048622
#bitcoin