… Iron Mountain is a private company …
Our generation and after is worse off. Our grandparents and parents benefited from the windfall.
That was my point, time preference matters. It worked out tremendously well for 2+ generations of Americans. They don’t really appreciate that it came at the expense of future generations yet … though it is getting harder to ignore.
I almost took money from one of them a few years back. I have so much more corn now than I would have had I taken that offer.
Bitcoin really destroys a lot of the financing models that we have come to take as fact. Those trying to fit the old paradigm into a Bitcoin economy will end up poorer than they could be otherwise.
Tell me you don’t understand bitcoin without telling me you don’t understand bitcoin.
Why no VC boom? VC didn’t go into bitcoin….
https://pitchbook.com/news/articles/crypto-vc-deal-activity-flat-valuations-up-2024?
Bitcoin sets the cost of capital prohibitively high for VC funds. Even prohibitively high for Bitcoin-only VC funds.
Yes. By raising the cost of capital, a lot of these recurring revenue “business model” shenanigans are stopped.
Many great personalities are here, the vibes are high, the content sucks.
Since when is a bitcoin bull market “measured” 😂
You’ve been pretty bearish about this bull cycle … I think you were like $150k maybe $200k on your last round of podcasts.
Is the lengthy consolidation and the macro overlay making you question that call? Getting more bullish that we can get to $450-$500k in 2025? Higher?
In fairness, it kinda did as long as other countries were buying the vast majorities of our treasury offerings.
We had that privilege until ~2014 …
I understand the ending was always inevitable…and we’re in the late stages. But there for a generation+ we were able to get away with it due to American exceptionalism (and a global agreement that the dollar was the reserve currency).
I feel like Peter McCormack is reallllllly regretting his exit from the bitcoin space
Don't you think
He achieved network effect because he was early to bitcoin podcasting. But bitcoin was the main character. He let his ego get the best of him. IDGAF about what he has to say about any other topic. Barely cared about his bitty takes…he just had good guests on
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy is so excited for Bretton Woods 2.0 … it’s gonna be fun to listen to him as it comes to pass.
I have a bet with a boomer that bitty will be $200k by April … need btc to get to work!
It’s the main chip that Trump has to play against Powell.
I’m guessing the negotiation between Powell and Trump has a heavy dose of bitcoin strategy embedded into it.
If Powell lowers interest rates and eases monetary policy, then Trump will slow roll the USA’s steps towards legitimizing Bitcoin.
If Powell chooses to keep interest rates high and monetary policy tight, look for Trump to ape the US government into bitcoin in every way possible.
At least that’s what I would be advising Trump to do …
First rule of negotiation: Control the clock.
Now do MSTR + ETFs … nostr:note1wrh832v92sn2a3kuez8zfkyfyx2y3etqsnah6sau62tqckta5qmsmcq2fx
What’s their regulated banking reserve requirement?
Right? 😂
I will hold through…sigh. Thought the bull markets were supposed to be fun!
Man … being all-in is no joke