Bitcoin Strategic Reserve, MSTR, ETF’s and everything wrapped in the NGU narrative doesn’t feel right to me. That’s just me…. Can’t explain it.

Replies (27)

All those are a stupid reasons for NGU. I would honestly not mind if the price stayed lower for longer. I'd prefer Freedom Go Up.
R's avatar
R 1 year ago
Massive difficulty adjustment and miners not here earn a lot of bitcoin.
Same. I expexted the "Then they fight you stage" to last longer. That's my bias. Maybe this is the acceptance stage, but maybe we're still in a then they fight you stage. I hope I'm wrong and bitcoin goes to 1M in 52,000 blocks. That's what I hope happens, but I'm skeptical.
If Coinbase isn’t fully custodying the bitcoin in these products, NGU isn’t happening as much as the market is demanding. Which is consistent with the incentive of every state that issues a money, globally. NGU is bad for governments. Show me the incentive and I’ll tell you the outcome…
NGU is just a function of demand. If all of these different avenues demand doesn't equate to NGU, shit's broken.
How did we get from Cypherpunk’s sly round about way to “Peer to Peer” electronics cash system to “Digital Real Estate,” Blackrock leading the charge and BiTcOiN ExPoSuRe as the NGU? Call me old fashion…. It doesn’t feel right. image
Agree. When plebs and small niche groups were FOMO-ing in it felt *cypher*, now corporations, money managers and government are FOMOing in - it hits different.
frenchHODL's avatar
frenchHODL 1 year ago
it is for everyone, even to those you don't want
Zoom out. Way out. None of this matters. The late comers will be squabbling over less than 10% of the total ₿itcoin frim now until 2140. In the meantime, individuals have property rights for the first time in human history. We’ve won.