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Toby McMann
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Bitcoin enthusiast | Nostr only Nosce te ipsum
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Toby McMann 2 weeks ago
Tim May passed on this day, back in 2018. Rest in peace. ๐Ÿ™๐Ÿ™๐Ÿ™
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Toby McMann 1 month ago
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"
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Toby McMann 1 month ago
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.
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Toby McMann 1 month ago
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.
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Toby McMann 1 month ago
"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. image
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