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BoomTown
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scarcity requires trade-offs.

Let’s play. Can’t wait to see this “policy” play out. nostr:note1wlh6y28jekcgrak6z9fezaszamyhgn3083d6y88jc7dvqvfvskss49gclk

He’s probably defending the position the banks are trying to take when they enter the game. Their model is to take deposits and offer yield. That’s what they do. Obviously bitcoin will humble them BUT the fact that they’re considering legitimizing bitcoin into the legacy system and the legacy institutions is huge.

I’m sure a lot of Saylor’s time is spent orange-pilling his peers. And I’m sure he has heard from banks that they have to take deposits and offer yield. Banks are walking an incredibly fine line.

They’ll be humbled by bitcoin the asset and the protocol, no doubt, but they can’t jump into the business model of bitcoin with a reckless cannonball … it’ll destroy their legacy business model. They have boards, shareholders, and customers to consider.

Unless you say everyone in the legacy system is evil and actively trying to ruin the lives of everyone … in which case …

I’d say pragmatic. At the end of the day, the hardest money wins. There are gonna be a lot of powerful interests impacted by that transition. He doesn’t need to (and probably doesn’t want to) make enemies. He’ll leave that to the nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak of the world. They have less to lose (and don’t have a fiduciary obligation to publicly traded shareholders).

Hong Kong & Singapore got into the office and said “stop this bullishness…”

Seriously, what happened to Primal. Absolute implosion of an experience for me. Was working fine until last weekend…now entirely unusable/frozen.

I think any macroeconomic calamity will be similar to the regional bank crisis in March ‘23 … bitcoin will be utilized as a safe haven.

We may have crossed the rubicon … they held their line as long as they could. As soon as they start buying treasuries because the auctions suck it’s gonna be bangin’

🤙🏼😛💪🏼

Try Shiner if you haven’t already. Like Yuengling but better.

Lazard junior banker at 8:30p: “I might get home at a decent hour!”

Lazard MD: “Imma gonna need you to run another 10 cases of economic forecasting just in case the client asks for one of the after the fancy lunch tomorrow.”

Lazard Senior banker (reply all): “Absolutely!”

Lazard senior banker to junior banker: “I’ll need to see these cases and 30 more along with your commentary in a ppt in my inbox first thing tomorrow morning.”