All publically traded businesses depend on future profits/gains to stay alive.
New investors *support* the old ones as they expect the gains to continue.
All businesses are ponzis

yo

send it β
π―οΈ
"The Bitcoin Age is defined by a tale of two parallel worldsβa dollar-fueled machine of institutions with the power to create unlimited amounts of money, and a revolutionary technology that was designed to help the common man survive such a rigged system. With the invention of bitcoin, humankind has finally discovered a solution to disproportionally rising prices: universally accessible digital money with a limited supply, controlled by no one. Bitcoin, which lets people transact without government currencies or bank accounts, utilizes software freely available to anybody with a smartphone and the internet, resulting in a tool that, if harnessed correctly, frees people from the shackles of credit. Bitcoin is the arrival of better money."
-Nik Bhatia
Bitcoin Age
The solution in retrospect will be obvious:
Democracy + fiat does not work:
Uncle Sam at an overall net-negative $143 trillion = unfunded liabilities+ current debt
This is not fixable - perhaps we have a shot if we collapse into a benevolent dictatorship/monarchy that rules for 20+ years with a singular focus on fixing it.
Democracy+Bitcoin held by the citizens could work - likely will be some pain getting along the way
protip
dont be fragile
Bitcoin wasnt created/discovered for niche subgroups:
-not for devs to innovate on
-not for finance-bros to arb
-not for influencers to monetize
-not for gov insiders to front-run
β
Bitcoin is for the PRODUCTIVE HUMANS - those making real stuff, in the real world - to save their work/talent/effort in a money that is reliable and secure
Bitcoin Companies =
any co. that can consistently beat the hurdle rate + stack profits in bitcoin
They have a massive advantages:
β
their savings actually protects them from future uncertain, allowing them to focus on their product
β
if enough conviction, they will bust-ass to avoid selling their corn
For 3+ years, I listen to "On the Brink", Castle Island's weekly Friday update (2x speed, 15 mins) to check-in on the blockchain, tokenized-security, VCers, ETFers, and Treasury Company bros. My take-home bullets:
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The bitcoin adjac noise is about to get really LOUD. Stay focused on the signal: work, stack bitcoin only, stay humble, self-custody, and take personal responsibility
β
Most "digital asset maxis" don't really believe bitcoin will replace the USD. Even some *bitcoiners* dont believe - the "new-asset class maxis" crew
β
Watch what people do, not what they say.
β
Ultimately 90% of this stuff is building on fiat. Play stupid games, .....
β
It is ALL GOING TO ZERO against bitcoin
Can someone please estimate + track how much the US GOV will spend on a mass shooter who is dead + the tsunami that wasnt?
I'm guessing 100 million range.
In case your confused, this is the actual method they use: exaggerate ALL threats, print/spend *quietly* without any gain in productivity.
π€‘s all the way down
πΏ
stack and chill
Debasement takes a while. Just stack through it, and chill.