But once that happens, the price of US treasuries plummets, increasing the yields, impacting equity markets as corporations have to refinance their debt. There is no way that hoarding bitcoin ends in a soft landing.
It will be fast and furious. There will be “haves” and “have nots.” No way around it. Markets aren’t stupid…
For now, they are just holding. Disclose your actions and show us on the public blockchain where we can find the corresponding move.
It only adds value to the company (at this moment in time) if they offer proof of reserves.
In an exchange, I can see how that makes sense. But on cold storage treasury strategy intended on staying held in perpetuity?
I disagree, strongly.
This 100% … nostr:note1pkqzldukgrauwd0ph6m047puc96revpr8fs32q775v42unxlfcvsc3k3d4
I believe in his thesis … 100%.
When do they deliver proof of reserves?
TFW nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l calls out the recessionistas but I’m pretty sure nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z is one of them…😂
There is no capitalism with human-controlled, centrally-planned monetary policy. The Fed, the ECB, and all other central banks ensure communism…no matter the illusions of “free markets” they try to conjure.
But also don’t give credibility to ideas that are blatantly wrong or destructive. The woke mind virus used “inclusion” as the way to justify all sorts of nefarious conduct under the guise of “tolerance.”
The fed literally admitted that they’ve lost control this week.
Inflation: up
Interest rates: down
Future cuts: fewer
The “real” economy is stuck. Either path they choose leads to aggressive bitcoin adoption. Both paths bring pain, though inflation is more politically palatable and - counterintuitively - leads to slower bitcoin adoption.
Can we just skip to the part where all sovereign nations are *working* to accumulate bitcoin. Will be a much different world with much more cooperation.
lol at the thought that we’re done … we’ve barely started. nostr:note1ps7kq8vm94lu0pfg7z0u79axm3fm0jmzxg6esclv8zgyvgmkkeaqekezcr
I guess the rumors of Middle East sovereign wealth announcements at Bitcoin MENA didn’t come to fruition?
REPEAL THE BANK SECRECY ACT.
https://www.btcpolicy.org/articles/downgrading-the-bank-secrecy-act-is-a-powerful-reform-for-bitcoin
Vivek said he was going to take this on during the ‘23 TBC conference in Fort Worth
I disagree, I think the concept of dollars acting as a mechanism of short-term, local settlement is likely. And whether we choose to stack Bitcoin or not stack Bitcoin, the day of reckoning for US Treasuries is fast approaching. Americans would be better off with Bitcoin as a part of their government institutions (and the inevitable efficiencies bitcoin would impose on them) vs. continued deficit spending until there are no credit worthy buyers of our debt.
When I first discovered Bitcoin, one of the things I wrestled with is that the transition to a bitcoin standard will be tumultuous. It might be even be violent as lives are turned upside down. But that is a criticism of the last 70 years of monetary policy…and the last 70 years of monetary policy is to blame.
The best thing the United States of America can do is to try to ensure the largest number of Bitcoin are held within its geographic borders … and then see how the capital reallocates on a bitcoin standard.
But MSTR isn’t selling their bitcoin. So why would it be a double whammy on Bitcoin? If anything, people are selling the proxy rather than the real thing. nostr:note1mtspq6msxwe9063txfk8v7hchgsetuj6ant6lrettag8rpd7ed4qszesry
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy will you open source your podcast set-ups? You mention it at the end of this week’s nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq …
All of it: Hardware, software, hosting, etc. both permanent and remote
Thanks!
