No one said the humility part would be easy. 🤣 Let's just see what the coming months and years bring ....
This is getting kinda boring, Larry. On Nostr we don't really care ... sorry, not sorry.
Marty -- really terrific interview
Michael references a the debt/liquidity metric. I was listening to the podcast on Fountain, but do you or Michael have a chart you could share? I'd really appreciate it, and think it would be very useful to folks. 🙏
Did we ever get Trump's promised visit, or an audit, at Fort Knox? 👀
I get you. Money is stored time and energy. Humanity is the allocation of your time and energy.
The US government gets more money, but at whose expense? In other words, the US government benefits; but, what proportion of the tax is felt internally vs externally to the US? Point being: does this really help "Main Street" or is it just another way to get them to pay? 🤔
In context and comparison, Tether (as a big, relatively new buyer of US debt) only owns ~$113bn of Treasuries currently.
Best I can tell, the amount of outstanding Treasuries more than doubled from 2013 to today. It looks to have been ~$12Tn in 2013/14 time frame, and ~$28Tn today. If so, China went from funding over 10% of US borrowing to under 3%, and falling.
There were also many medical professionals and researchers raising red flags on MRNA technology. There was also obvious uncertainty related to fast track regulatory approvals / emergency use (ie, pretty clear it was untested or, at least, a lot less tested) relative to all other approved medicines. Then, relatively quickly, we started seeing Israeli and UK studies question things, etc. So, I'm not sure Tucker's reasoning tells the full story ... like, hasn't everyone lied at some point?
Why do people seem to think the halvenning should have similar impact to prior ones? The supply shock from the halvening is reducing, and going to zero. Less supply shock means any cycles resulting from them has less and less impact, until they ultimately disappear when all coins are mined. It also means demand and adoption will be a larger and larger factor on price -- ie, focus on demand.
Wow. Beautiful colors
Provocative post, because I think it depends on time frame, and whether "trend to zero" means that it ultimately worthless, or that it will be just worth less.