Tim May passed on this day, back in 2018. Rest in peace. ๐๐๐
Toby McMann
npub1elqf...xw9h
Bitcoin enthusiast | Nostr only
Nosce te ipsum
Bitcoiners are truth seekers.
Andreas Antonopoulos, Bitcoin OG / author of '"Mastering Bitcoin" dropping pure ๐ฅ -- as always, with so much logic and truth.
@TFTC
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TFTC (@TFTC21) on X
Andreas M. Antonopoulos shares his take on the #Bitcoin spam discussion and the Knots fork from @LukeDashjr.
I think we are going to look back and realize "private credit" investors are the suckers at the table, sitting on huge risk, having done really stupid deals, utilizing way too much leverage, and will lose everything.
"If the music were to stop, as you put it, then this model wouldn't even be close to that scenario. It would be considerably worse". - Peter Sullivan, "Margin Call"
China is trying to fortify the Yuan as a global currency, buying a lot of gold.
The US is trying to extend USD dominance, and create demand for US Treasuries by wrapping them up as stablecoins.
Assuming sound money beats fiat in a world which is increasingly indebted where trust fails, a gold strategy wins.
The US counters with a bitcoin, digital gold, strategic reserve. The fact the US achieves this reserve will reflect the success of China' gold strategy.
Satoshi is the embodiment of unconditional love, like that from God or a parent.
He gifted the world freedom, asking for and taking nothing in return.
It is no understatement to say that he is nothing short of a messiah, a savior delivering peace and prosperity.
Words cannot describe the gratitude. All we can do is try our best to pay it forward.
"Money printing" is just the re-allocation of people's time and energy by tbe ruling class.
US GDP, when adjusted for M2, has consistently fallen since 2008 -- showing this re-allocation has failed to stabilize or grow the economy, conversely causing a decline.
Tragic.

