Most attacks are through misinformation campaigns to “try” to drive regulatory capture. Bitcoin hurts the environment, promoting/unclear rules on crypto, ftx etc to allow people to be wiped out and sweep in to save them, used by criminals etc. Bitcoin is anti-fragile and these make it stronger. Similar if exits from existing system are closed. It will probably grow faster and move to an underground economy until realizing it can’t be stopped, some countries embrace it. Wrote some on this at jeffbooth.ca and will continue.

P.S Remember how much power each of us has in driving it forward through building to it, using it for our purchases, ensuring our friends know about it and do same, etc etc. As I’ve adjusted my own probabilities of it failing down over time (to almost zero imo) as I’ve thought through various attack vectors, I think the primarily thing that slows it is apathy and hypocrisy, ie - how we only use it for a store of value while reinforcing all of the fiat world in 95% of our time and energy.

I’ve personally decided to invert that and put my money and time where it matter most. Building the future I want to see.

Hope that helps and good luck in your journey down the rabbit hole.

It’s a bad bet IMO. But hey. He’s got an extra million or two to toss away 😆

Set up your Lightning wallet Luke so we can Zap you

If number of #Bitcoin users triple, the network could become 10x more valuable because of network effects.

If adopters increases 10x perhaps it becomes 500x more valuable.

#Bitcoin could have 2% adoption and be trading at $3,000,000 in 2023 dollars.

Metcalfe’s Law is brutal.

🤣 I was having fun.

Yup.

Bitcoin 1

The State 0

Imagine being one of the poor fucks who loses their jobs during the next biggest wealth transfer in human history. Now’s the time to put in work and to make yourself indisposable. Save as much bitcoin as you can over the next few years and then HODL onto dear life.

Yeah I did, I also made the dumb mistake of taking cash advances

Paid ser ⚡️🧡

GPT 3 versus 4. An example of what is coming soon.

Where #Bitcoin fits in is ensuring that the productivity gains from it flow to society in the form of lower prices versus being concentrated through the manipulation of money where it will be used against you.

I see two primary narratives in the markets today. Whichever one wins will decide the market direction over the coming weeks/months.

1. Sticky high inflation

- Interest rates creep higher

- Fed must raise the fed funds rate higher for longer

- Net liquidity continues to contract

- Tech/growth and real estate equities suffer

- $btc crabs or falls

2. Disinflation

- Interest rates drift lower

- The "Fed pause" rally reignites

- Net liquidity starts to expand

- Tech/growth and real estate equities rebound

- $btc catches a bid

The incoming inflation data points will decide our fate.