Erik The Decentralist's avatar
Erik The Decentralist
cmediumerik@iris.to
npub1w2dn...5lz2
I love humans and decentralization. This is why I love Bitcoin and thats why I'm here
When The Chair of the Federal Reserve... the Federal Reserve... Says that the government needs to increase its debt in order to pay off its debt... and isn't being sarcastic... We know we're headed for a wild ride.
REMINDER, The fed can print money to buy government debt and charge the government 0% interest while at the same time increasing interest rates for us. There no law or rule that says different. They can squeeze and ease simultaneously.
"If you look real close... you might be able to spot the inflation."Lyn Alden image
People who want to see you win, will help you win. Remember this.
While westerners on Twitter are busy calling #Bitcoin a scam and a cult, people in Lebanon, Nigeria and Afghanistan are using it to escape central bank and government destruction of theor wealth. image
#Bitcoin's on sale again.... and, given the macro picture, likely u til the fed pivots or the market realizes the fed has no control. image
Abandoning Twitter now is a bad move. Most people don't understand Nostr like they dont understand Bitcoin. We need to educate and protect newbies from the scams that we fell for... we can't do this here... it useless here... everyone on here gets it.... We need to be where the takers are...
The Fed is fighting 1940's style inflation with 1970's style tactics. The fed is the funds to service the interest payments on its bonds The Fed is going to act like a Ponzi in order to sustain itself. I keep saying this again and again. The fed will not pivot and market sentiment is hopium because they still believe that the fed has control... When the market figures put that they don't... the house of cards falls... image
"#Bitcoin Maximalists earn the right to call themselves Bitcoin Maximalists" Swan Bitcoin image
Inflation isn't dropping. Expect interest rates to climb higher and more pain to come in the markets... Bitcoin will continue to be tethered to commodities with such a low market cap..... expect pain for Bitcoin but hope for the best image
Crypto bank Silvergate is shutting down its operations and liquidating the bank. This is why Bitcoin Maximalists exist. image