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Jdwagner17
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Call me 877-SATS-NOW | jdwagner17@nostrplebs.com

distance and time. avoid people that make you feel like you have to act a certain way around them.

got it, had to use mobile for some reason

If you ever go back to the mitten, we want to meet up. We have a halving get together this year if you are over by the southeast side.

If that’s an attic then I live in a dollhouse

We don't know what's right for anyone but ourselves, and that's not a guarantee either.

WHY DID BLACKROCK GET BEHIND $BTC BITCOIN IN THE FIRST PLACE?

So, one of the things I’ve been fascinated by in the past few months is how quickly Larry Fink switched his tone around Bitcoin.

Fink is argued to be one of the most powerful men on planet Earth.

This is a guy who embodies the traditional financial system — $BTC is a threat to that.

How does someone like that switch to being in favor of Bitcoin?

Well…reports today revealed how he truly thinks about Bitcoin.

Many people think Blackrock got into Bitcoin for the fees the $IBIT ETF would collect. Sure, that’s one reason, but it’s not the deeper story.

Today, Larry Fink basically said that GenZ/Millennials don’t trust the financial system, they aren’t saving for retirement, and they have lost hope.

From Bloomberg: “Young people “have lost trust in older generations,” Fink wrote. “The burden is on us to get it back. And maybe investing for their long-term goals, including retirement, isn’t such a bad place to begin.”

As a result, he said Blackrock is focusing on new initiatives to get younger people engaged in investing/saving/the markets.

Although Bloomberg reported this today, he’s obviously been thinking like this — and likely seeing it in Blackrock’s data — for the past few years.

It seems like Larry Fink switched to becoming excited about $BTC Bitcoin because he realized this was a digitally native way to get younger people excited about retirement.

If young people want to buy Bitcoin over Gold and Blackrock could be the firm to provide them exposure — they may end up using Blackrock for a variety of other financial needs as they get older, cementing Blackrock’s relationship with a generation who feels let down by the financial system.

It almost seems as if $BTC is the last hope Fink has that will get younger generations into the concept of saving/retirement investing.

This way, his firm will have millions of people over the next two decades that associate products like the $IBIT ETF in a positive way with Blackrock — ultimately leading to the longevity and stability of the company for decades to come.

They better hope the returns are insane or the younger generations still won’t care. Make a list of what the younger generations need and price it out. If they can’t redeem their labor for those things, then they won’t care. Many of the things they want have a time component ( think plastic surgery before 25). Lenders might do better than asset managers for a certain period of time. Id expect government backed lenders to make a ton in the next decade. Laws may change to enable this to happen.

Bitcoin will do fine, but it will be over time and not immediate like a loan. Hope this made sense.

That amount would change my life. I just met some guy that claimed to have a couple bitcoin on a phone and he lost it. Bro, I hope he was lying to me.

Take a look at the 3 month MACD and let me know what you think

Not if you’re paranoid enough 😅

This isn’t the right way of thinking about it. The miner will always spend the bitcoin for something that is worth it. So bitcoin puts a bounty out in the physical world to provide something that is worth it. Once the network issues the bitcoin to the miner, it is issued and the bounty is created.

People's problem is thinking Bitcoin is the answer.

Bitcoin is a proof-of-concept.

Yes, you read that right. The hardest money on earth is just a proof of concept.

It proves that we can be in control of currencies without middlemen such as governments and banks.

Does that mean Bitcoin can't become the world's only money? No, it could. It's just not what people really desire.

Does that mean we'll never see "The Bitcoin Standard"? Yes.

If you believe in "The Bitcoin Standard" then you must realize it was decided in 2009 that there would be a standard at all. Bitcoin created the standard. Other cryptocurrencies attempt to set new standards. No one has replaced "The Bitcoin Standard" yet.

Always be looking forward.

Nostr could be improved right now, by anyone, simply by replacing TLN transactions with a faster blockchain. It could be improved with native smart contracts on ETH. It could become eco-friendly by employing Efforce, or Chia blockchains.

It could be improved by changing the way relays work, or by changing its dependence on relays, or by expanding its capabilities by not JUST limiting it to relay-based communications.

LOTS can happen and LOTS will happen.

People's problem is thinking Bitcoin is the answer.

Bitcoin is a MEANS TO AN END.

MONEY is a MEANS TO AN END.

The question is then, "to what end is Bitcoin a mean to?"

We don't have that answer yet. The answer is just about everything. That is why Bitcoin is THE standard, for now.

However, we know people have been discussing the idea of, and some countries have even employed, CBDC's.

So we have two primary issuers of global currencies:

Miners and governments.

Is this decentralized enough for you?

Wake the fuck up.

The end is abundance

Replying to Avatar 🐢

Is it just me, or does nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 seem to be getting worse?

Crashing more often, less responsive, not showing notifications like mentions or responses, not fetching comments or zap receipts as effectively…

nostr:npub1zafcms4xya5ap9zr7xxr0jlrtrattwlesytn2s42030lzu0dwlzqpd26k5

Post something only Austin B would know so I can zap it