I think bitcoin will enable companies that utilize bitcoin to offer higher quality products at smaller scale. That will benefit “everyone” regardless of their investment portfolio.
MSTR next nostr:note1cauzx7u3deeg9aak2uq8pmwc8vccvcfjmx9neqcvzxa3pplfq9wszt4ntv
Worst. Bull. Run. Ever. nostr:note13m27eeyvs0arhfymc0px650aslw2p0scu9v8a7vykjpwf4v60d4sy9r47c
… the Unchained HODL cave is what you’re looking for.
Yo nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs any thoughts on why MSTR is no longer buying bitcoin weekly? To a casual observer / skeptic it has been an odd change of tune from Saylor these last 8 weeks or so.
“Long your longs.”
-David Bailey, January 18, 2025 nostr:note15dvz4tphqsjkz40nurycw9uzmpa46p2kshw9gxpgan048egcw06s32xykn
They were never going to emergency print into a “thriving” economy. Had to take a clear dump somehow to enable the action we all knew had to come. Everyone destroying the existing system is looking for plausible deniability.
First principles thinking…but from an empathy standpoint.
We see a lot less of them than we used to. Also, getting more and more awkward as a lot of my positions are being proven right …
Feels like the opposition has landed a few body blows these last 6 weeks.
Ontario doesn’t have any meaningful energy production capability, though … ??
That’s not a governance solution. Society is built on certain assumptions about how individuals live. Those assumptions have become detached from reality since 1971 but if you take a “rip the bandaid off” approach, that’s inviting a lot of chaos into the system.
If the US government effectively prints dollars to buy bitcoin (since we’re running a defecit, we’re printing money to buy bitcoin no matter how it is funded) it sends a clear signal about the value of bitcoin. It also gives the institutions (central banks, governments) that are responsible for the assumptions the people are living with a little time to change their ways OR lose their bitcoin because they’re not being value added. Also, in the process of governments legitimizing bitcoin, a bunch of bitcoiners will get wealthy enough to go do some big things on a bitcoin standard in the free market … which will only help individual adoption (hopefully into self-custody).
There are no roads where government adoption is bad for bitcoin … if anything it is inevitable, happening sooner than anyone thought possible, and is incredibly bullish for bitcoin’s future. Will it be smooth sailing afterwards? Of course not … Will governments try to fork Bitcoin? Probably. Will it be successful? Fuck no.
Long live bitcoin. Let’s just have an orderly transition to the bitcoin standard.
I never understood people who complain about problems without providing a solution as an improved alternative. Very incomplete approach; impulsive, which is rarely good.
99% of people aren’t ready to be sovereign individuals. From a sheer numbers standpoint, that isn’t a good thing. Mobs aren’t good.
I disagree. That’s a function of central banks moreso than implicit in governments. Bitcoin returns government to the founders’ original intent of it serving as a service organization. Banking is the mechanism by which governments are perverted and Bitcoin fixes banking.
We’ll see. Embracing chaos isn’t for everyone but I understand those who find it appealing. I just think there are exactly zero cases in (modern) human history where complete governance chaos yielded flourishing. But maybe bitcoin fixes that, too?
Nah, bitcoin is a treatment … forcing a balanced budget with a bitcoin standard (and putting constant downward pressure on revenues, therefore costs because balance) is an entirely new feature of a monetary technology.
It either cures them or destroys them.
Because I think the American system of government is the superior system to anything that is out there today. And I think sound money will force these governmental institutions into becoming more efficient. And since I believe some form of government is inevitable, I would appreciate bitcoin giving these government institutions the chance to purge and redeem themselves. Return to their original intent. Worst case scenario is that the United States government (local, state, and federal) is too far gone and bitcoin forces a reboot, restructuring, implosion from within…so both government haters and proud (yet disappointed) Americans should be embracing the SBR.
Bitcoin is going to force accountability, one way or the other.
Until we pump a daily candle of $15k-$25k above $109k, we’re not pumping. This is just noise…no signal. nostr:note1l6kg6rvf6gx0azxpe0jkukpyhupqhyh938trck9fqj4cw8pdp49qpzdhhr
David Bailey looking more like a useful fool by the day.