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So at this point, is everything bullish for BTC due to the powers that be painting themselves into a rather precarious corner?
1.) Remain hiking interest rates while injecting liquidity
2.) Pause rate hikes while injecting liquidity
3.) Remain hiking rates and try to regain QT and things begin breaking even worse
Without trying to be a complete pessimist, is there a winning argument for fiat after this catastrophe? Or did this exponentially accelerate the deterioration of the fiat world?
I feel like the recent events literally played into the hands of BTC like no one could have imagined. You could not write a better script. It’s as if since BTCs inception it has been patiently waiting with a royal flush waiting to call out fiat’s bluff. And now that it has, it was at an epic proportion as fiat went “all in.”
Love your book! First one I read in the BTC space
Unfortunately the “free market” doesn’t exist anymore. I feel like it is too far past gone to go back to that willingly. The loss of individual accountability has led to overreaching government control. Without accountability at an individual level for a large portion of the population, how do you convince them to give up their knight in shining armor (the government) to bail them out
With the corruption and good ol’ boy system that is in place, I could realistically see that as a possibility. They are at the mouth of the monetary spigot. Until that pipe is finally broken by some means I see no change.
I have thought a lot about this. There are myriad young, smart, influential people in the BTC community. I love many of their podcast and other forms of content. However, I feel like these are the exact people that need to be in political platforms to let their knowledge enlighten a larger population and truly insect change. What incentive structure can there be for these people to enter into the political realm? Obviously it’s a private club of elites, but the more BTCer type people try to penetrate that realm eventually more and more will pass through.
I’m not a knowledgeable person on adoption patterns and not sure if it is unique to BTC, but it is very interesting that it’s design has allowed for the smallest players to adopt first before the big players come into the picture. Maybe it’s because the small market cap and they would really create large price moves by accumulating rapidly. But seems to be another intricacy whether intentional or unintentional
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What’s your thoughts on if the US is one of the last countries to drop a fiat standard and move towards a Bitcoin standard like India and China were late to the show on moving away from a silver standard resulting in a tremendous loss of purchasing power. Since the US would already be so far behind and is not about employing fairness, could you see a quasi EO 6102 trying to confiscate American citizens BTC and criminalizing possession. Obviously in this instance BTC provides vast protections against this vs. gold. But in the realm of possibilities?
Trying to test zaps. I’m using Muun and when I try to pay others I keep getting an error message. Anyone else have this issue with Muun wallet?
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