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BottleTeams
npub18cxq...qz89
Pleb ๐Ÿพ Running the score up
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bitbybit 1 month ago
Realizing why Satoshi disappeared is key to understanding #bitcoin Those who obsess about it are still early in their journey.
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bitbybit 1 month ago
Pretty sure everyone theorized that oil producing countries would be the first to demand bitcoin for oil purchases.
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bitbybit 1 month ago
Military blockade to stop the sale of oil in anything but dollars Nobody will report that
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bitbybit 1 month ago
On September 16, 1992, known as "Black Wednesday," the British government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after a massive speculative attack broke its fixed exchange rate peg. The crisis emerged because the UK was trying to maintain an overvalued pound against the German Deutsche Mark to meet European integration goals, despite suffering from a weak economy, high inflation, and low growth. Financier George Soros, through his Quantum Fund, recognized the inconsistency between the UK's political commitment to the peg and its underlying economic reality. He led a market movement by building a short position against the pound that reportedly reached $10 billion. The Bank of England spent billions in reserves and raised interest rates to 15% in a single day to defend the currency, but the selling pressure was insurmountable. By 7 p.m. on September 16, the UK government capitulated, allowing the pound to float and causing it to devalue sharply. The crisis secured Soros a profit estimated at over $1 billion in one day, earning him the nickname "The Man Who Broke the Bank of England". While a humiliating political defeat at the time, Black Wednesday is now often viewed as a positive turning point that freed the UK to manage its own monetary policy, avoiding the pitfalls of early Euro adoption.
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bitbybit 1 month ago
How does the state control bitcoin? If you don't understand I don't have time to explain image
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bitbybit 1 month ago
At least my #bitcoin can get a boat through a war zone
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bitbybit 1 month ago
Can we #zapathon a boat through the Strait of Hormuz?
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bitbybit 2 months ago
Sneaking suspicion Iran might be the cover for the global debt default ๐Ÿค”๐Ÿง
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bitbybit 2 months ago
We might actually be at the point where it's not possible to print fast enough to keep up with the deflation.
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bitbybit 2 months ago
What if there is so much deflation occurring that it's not possible to print enough money to cover it up?
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bitbybit 2 months ago
It couldn't be more obvious the state is nearing its sundowning moment. The real question is who is going to fill that power vacuum? The risk is not Iran war it's total confidence collapse in central institutions.
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