If you think a push to 30k is impressive you are in for a wild ride with what’s coming over the next 24 months #plebchain
Been busy.. what I miss??
#plebchain
Buy Buy Buy
The Fiat Standard: Understanding the Basis of Modern Monetary Systems.
Their aim is to keep you working for as long as possible. They take as much as they can from your wages as they go.
When you retire they don’t want you hanging around being a burden to the public you’ve supported over the last 40 yrs so public healthcare is designed to be mediocre at best. If you’ve done well and can afford private healthcare they take that money too while they can.
When you pass on they’ll tax your estate and your heirs for “their fair share” and repeat the process again and again. Generational wealth is just for them not you, pleb. Find another way!
Any blockchain sleuths out there?
This chap had his account hacked. Nearly everyone in the comments is saying that he must have just been careless with his seed phrase, but looking at the destination address for the stolen BTC, something's up:
https://www.reddit.com/r/ledgerwallet/comments/11ypwa8/why_is_my_ledger_empty/
Bought a compromised ledger.
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." - Satoshi Nakamoto (Bitcoin white paper)
Off ramp for large amounts will disappear over time too
Wasabi were censoring transactions so wouldn’t touch with a barge pole. They may have rolled back on it, haven’t checked but the prescedent is there.
I speak to those who listen from the shadows.
Buy Bitcoin before you can’t.
I’m beginning to think that all markets are determined by human emotion/sentiment rather than hard facts or actual truths. When the government and media are tilting the market in one direction, heavy hitters are betting on the other side hoping it doesn’t go well. And then they reverse. In the end it won’t matter. It’s all a shell game.
I’m not sure it is though. My understanding of the base case for “most” bitcoiners is that bitcoin goes up cause Fiat becomes more worthless and in dollar terms this is correct. As the denominator decreases the ratio increases. But I’m beginning to think that human psychology actually has an influence on the price. The longer Bitcoin is around the stronger the case it makes for itself hence greater adoption in general. Variances in external factors and views individually can trigger lower market moves collectively which is more likely in a free market as opposed to the shit show that is the stock market. I guess I’m trying to say that Bitcoin is actually independent of everything except perception of itself. Maybe I haven’t gotten this till now and am playing catch up in public?
So been thinking about this a lot.. Bitcoin performs like a tech stock and is correlated to S&P tightly according to big brained. We saw this in 2020-2022. It pumps when there is money entering the system. When people receive stinky cheques etc. nothing more that a speculative asset pump by degens.
But Bitcoin also pumps when they quantitively tighten… like the last 3 or so months. When they pull money out of the system to reset the damage done by printing and in turn do more damage Bitcoin pumps.
So either Bitcoin pumps when ever fiater’s destroy their own system (very regularly), or Bitcoin is in a forever upward trend with pullbacks now and again due to the natural ebb and flow of adoption.
Is it possible that the correlation and similarities to anything in the Fiat world is illusionary and momentary?
I’m beginning to think so.
In what way may I ask? Not on Twitter. Is the veil of Fiat invincibility slipping?
One staring you right in the face but I’m not here to test your theses for you or prove mine to you. I offered my opinion on your point of view. Take it for what it’s worth. If you find it useful great! If not disregard it or research it yourself and prove it wrong. Either way I respect the fact you’ve put forward an opinion on something and held it up to scrutiny. 👍🏻 I currently tend to disagree with it but what does it really matter.
Think you’re wrong. If your followers are parroting back your version of reality and you’re believing it your deep in an echo chamber.
If your followers are challenging your views or adding to your overall thesis on whatever your in a good spot.
Yup, like not having the assets they say they hold when customers come to withdraw
