Damus
Another ‘problem’ today is that people can’t seem to hold 2 contradictory thoughts in their head the same time. IE I hate this guy, but what he says is right.
Holy shit Gazooo!
#Bitcoin is playing in big leagues now and the game is at a new level.
How I suspect it plays out: An attempt to capture as much as #Bitcoin as possible including regulation to “try” to slow self custody of #Bitcoin (Warren et all) and leverage games on paper #Bitcoin to reduce price. (ETF’s)
Which “causes” more Bitcoiners aware of the manipulation and how the game is being played to use lower prices to buy and self custody more #Bitcoin (reducing supply)
Which at some point creates a short squeeze of MEGA proportions (maybe along with halving - maybe later ) that liquidates a major financial player. (Similar to FTX)
Money has become a monopoly because of the games that have been able to be played with others assets due to the centralization and control of those assets.
But Wall Street has never seen an asset like this. It is not gold and too many #Bitcoiners know how the game is played, meaning if you don’t play by the rules, eventually you will be caught short. (And no one is coming to save you)
Or as nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx says:
Stay humble and stack sats.
My understanding is that the ETFs must hold the underlying. COIN as a custodian in most cases. This is readily auditable on chain. So I’m not sure how ‘paper’ btc occurs. But I could be misinformed
No I love my car because it’s better than a gas car. Pretty simple. The technology is simply better. I really don’t care about its environmental impact. It’s better, faster, cheaper.
What an absolute honour it was to interview Fran Finney, the wife of legendary #bitcoin OG Hal Finney.
Hal wrote the first ever #bitcoin Tweet, the famous "Running Bitcoin", which we have on the back of our Real Bedford shirts.
Support Fran in everything she does!
https://www.whatbitcoindid.com/podcast/running-bitcoin-with-fran-finney
You didn’t ask the question!
So what’s ur question? Were things better in the 19th vs 21st century?
I smell a trillion dollar coin solution
Any thoughts/predictions on how this week will unfold? JPow announcement? More banks collapse? Nothing burger?
I keep hearing how this time it’s different. That the banks are in better position than 2008. I listened to your Twitter Spaces today and someone explained it, but it didn’t make sense. Possible Informationist deep dive?
Big ask, but can u walk me through how to set up wallet for Zaps. Whenever i try to set up Strike wallet I get error on Strike app