Avatar
Toxic Bitcoiner
e1fc88f8e378784587c2337f4eb90a46c0c0622c42e77d75ec4a37521f30f622
Bitcoin zealot 🐝 Who’s going to buy the bonds? #Payjoin #GIABO

Thinking out loud about what happens to BTC price if (when) Ethereum collapses FTX style. First instinct is: it crashes. But why would anyone sell Bitcoin though? Hedge and scam VC funds (a16z) who have to cover huge losses? The countervailing force is retail in the ETH ecosystem would sell for Bitcoin. Maybe some tether. That’s currently ~$500B of buy pressure into Bitcoin.

The reason why this is worth considering is if ETH’s inevitable collapse looks like March 2020 or Nov 2022 and not a slow grind to irrelevance, it would be an opportunity to load up the dump truck with cheap debt to buy when suits are panic selling.

Which team of yuppie suit interns got paid to write this hot garbage? nostr:note12zw4782fw30awzqamlg26207r96r3kfvsw0qqcljgycazungur3q8apryk

nostr:note18e4u395nusrzdqp6un48yuw099k6lw488q3g98h4har403h56q4s7h08hq

Crypto means hidden, secret, covered, etc. It’s funny because Bitcoin is the secret hidden in plain site, buried within “crypto”. nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf Talks about this on many podcasts. We can still reclaim the word.

The City of London bankers wanted a war. They found and backed the perfect man to make sure it happened, Churchill. Everything is a rich man’s trick.

The Nazis burned books about transgenderism.