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Steady Eddy
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Slow and steady 📈 British BTC OG 🇬🇧

Stay safe, stay away from ponzis

James Rickards on #BRICS, what's he missing here?

“They could create their own distributed digital ledger, it wouldn’t be #bitcoin, #bitcoin is a joke. But, they could come up with their own currency, the Putin coin the Xi coin, it would be completely encrypted, and all you would do is keep score, it’s no different to baseball cards right. So you keep score, and there’s this whole trading network. Then periodically, monthly, quarterly, once a year, you settle up in gold. All you do, you put gold on a pallet, fly it in a plane to the other guy, and he puts it in his vault, end of story. When you do things on net instead of gross, it’s a much smaller transaction. If you had to pay for everything with gross gold, that’s unwieldy, but if you keep score in crypto, and then settle up on net, every 6 months or so, that works fine. Notice that in everything I just said, there’s no dollar. Are we looking at the dethroning of the dollar, if we’ve got gold, Putin’s crypto, Xi’s crypto, a distributed ledger, and a large trading network, that does not involve dollars, that does not involve SWIFT, is that the beginning of the end of the dollar? It might be.”

Ivory tower types like Jim have a lot of homework to do, so far behind the curve

Read most of Jim's books, good value, esp currency wars. He clearly still doesn't get the zero to one of bitcoin.

Harping on about gold, and putting gold on a 'distributed ledger'. ☠️

Bitcoin is the distributed ledger, and it doesn't need gold lol.

https://twitter.com/IBcroc/status/1695462465826353536

Whenever I sense that, I pour a load of salt into some hot water and gargle - often works wonders

For me opportunity to tune out, phone stays in the locker.

Chance encounter with other gym bros / gals when you ditch the headphones.

Still early: you can buy BTC with fiat