I think he has made a different bet.
Ask yourself, what price would Bitcoin have to reach for B-ji to have made 1m on the BTC he now holds?
And would his influence on the market be enough to act as a catalyst to create the momentum necessary for the next run up?
Put this way, I think it might be a fair bet and a bit of 4d chess.
I think he made a different bet - 4 dimensional chess. Ask yourself, what price would BTC have to reach for him to have made 1M and be even. Anything above that and he wins, and prob has enough influence to make that diff
A number of people have asked me if I agree with the 90-day hyperinflation scenario.
My answer is no.
I think he has a different bet.
What price would bit coin have to reach for his bitcoin holdings to be up more than 1 million, thus meaning that anything higher is a win for him even if he loses the bet?
And given his following, his bet will likely act as a catalyst that may light the fire.
Just a thought.
Historical context…
Nostr is what Silicon Valley wanted Twitter to be. A fundamental protocol for the internet.
Here’s some vintage blogging on this idea.
http://paulgraham.com/twitter.html
Many apps had already started to use it for connectivity, but in the end Twitter failed to open up, even making the decision to shut down its API to competing client apps. Other attempts were made to replicate the Twitter as a protocol idea but did not succeed.
Nostr is everything that was wanted but more, with Bitcoin/LN having solved internet-native payments, a holy grail computer science breakthrough that was not available in 2006 when this stuff was being conceived.
Nostr is not a Twitter clone. It’s a base layer protocol where many types of apps with social behaviour can be built. Telegram, Facebook Groups, MetaMask-like web extensions for authentication and payments, and an ability for a user to be validated through a history of behaviour. And much more not yet conceived.
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