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BoomTown
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scarcity requires trade-offs.

Make *bureaucracy* unaffordable.

Replying to Avatar Jor

BIG props to nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqydhwumn8ghj7un9d3shjtnzd96xxmmfdecxzunt9e3k7mgpp4mhxue69uhkummn9ekx7mq9hxafw for the podcast today re Trump/MBS/Vegas

I've been following this story for the last 3-4 years and a lot of what was discussed on the show today confirms the info I had as accurate

Fucking wild stuff

A little too far out there for me … very little evidence to support any of his claims. Very much a *conspiracy theorist* but not in the way a lot of bitcoiners pride themselves.

Covid was related to asteroids? 🤨 We’re all dead in 2029?

Marty has had a few contrarian “conspiracy” guys on his podcast in the past … and some of them hold their logic with evidence a few layers deep before they start the subjectivity.

Felt like today’s episode was all subjectivity. And pretty ridiculous conclusions. Categorize this one as entertainment … I didn’t take it as anything else.

It’s a lagging indicator and the last two months it is starting to trend up.

Wait until they ease monetary policy, keep running ever larger fiscal deficits, and inflation ramps back up while unemployment is slow to recover.

Like what type of software would this be impacting? I have no technical understanding of software…though I just learned what a RCE is through this exchange.

Replying to Avatar Luxas

👀

What are the implications of this?

Great post. Right there with ya.

CLIMATE ACTION IS COMMUNISM.

IMO it’s more likely that Coinbase is the only place allowed to fractional reserve bitcoins right now. With the involvement of and support from governments and traditional finance.

That’s my call on how they’re achieving this price suppression.

I disagree. The chaos of unemployment and mass migration would absolutely wreck huge parts of the country. Societal unrest like modern Western economies haven’t seen.

I agree with you in theory … and I agree with the long-term forecast that growth would be sustainable and healthy. But I think millions of people probably wouldn’t make it through the transition period. Not trying to be hyperbolic.

And I mean that as a condemnation of the current system and the inefficiencies / bad infrastructure they’ve built. Not blaming the sound money standard we’d return to…at all.

But still, the implosion of the central bank credit system would be an incredibly disruptive shock to civilization. And because it literally might happen in a year or two vs. historical financial collapses that took decades to fully transition, the pain would be exacerbated.

And from another angle, we’ve built bad, poor quality, non-productive capacity for 50+ years … the overhang of non-productivity of those assets would also hinder growth (i.e. tearing down infrastructure that is no longer useful to replace it with something more useful).

Further, sound money reduces consumption by raising the hurdle rate. That would lead to an extensive period of hodlers hodling until we clear the overhang of bad assets. During that period, I’m not sure you’d see a lot of physical real infrastructure being built…at least in developed nations. Also, bitcoin will only be able to be earned, not bought … and we won’t “need” as many things as we do today … so that’s another overhang.

I’m a libertarian, bitcoin maxi so don’t get me wrong…I think the transition is SUPER painful. And it’s going to be widespread.