THE POSITIVE INCENTIVES TO PRESERVE THE DISCOVERY OF ABSOLUTE SCARCITY ARE WILDLY UNDERESTIMATED.

SUITS AND GOLDTARDS THINK THE ETF IS A TROJAN HORSE FOR BITCOIN, BUT INSIDE THEIR HORSE IS ANOTHER HORSE THAT’S FILLED WITH FREEDOM.

Same. Never seemed like a robust setup. GitHub itself too.

Patience fixes most problems.

How I view this picture: pleb didn’t give up his sats to whale 🗡️

Who knows man? We're not privvy to the inner workings and decision making, could they role out a CBDC sure, but globally thats tough, I can speak for African countries and tell you that shit isn't happening lol we can't keep the lights on, we need physical cash and money that can stand up to hostile conditions which Bitcoin I think fits the bill too

Many will learn the power of scarcity the hard way.

I skimmed through it and I am sure this person is right about the custody model, there are no real bearer assets, all these assets are financial contracts backed by social agreements and rule of law and can be changed, but I think this kinda doom pill content is a bit far fetched

The amount of social unrest it would cause is not worth it, the easier option is always just to devalue the currency if your a government, if you confiscate assets, wheres the market to sell them into? You just destroyed the market so how you going to get so called fair value for those assets

If you blow up your asset market with a move like this you only strengthen other countries who don't do it. If confiscation of assets was the better option, you'd see it happen in countries with the shittiest fiat, but I don't see that happening.

In my country we've seen people have their land taken away by the government, but that was a sanctioned government who didn't really give a shit about foreign investment it was a closed society.

I saw it in Zimbabwe too and look what happened there

I'm not saying its impossible but I think the margins are small, still for me, I'd rather have the self custody Bitcoin just in case lol, if most of our assets like the book claims is all counter party risk, Bitcoin makes for a great hedge regardless of its purchasing power

he predicted this definitely

No I've never heard of the book, thanks for the recommendation, I will check it out, hopefully there's an audio version

Can someone explain to me like i'm 5, why the S&P500 is near all time highs when we have decade high interest rates? I thought increased interest rates means value of future earnings looks less attractive versus bonds

Is there something I am missing or is this legit a repricing of the stock market due to increased money supply?

I mean adjusted for inflation we're still like12% off 2021 ATH right?