Most market participants in the United States don’t really understand how markets are supposed to work. Bitcoin exposes this in a multitude of facets. The information asymmetry play is still early.
Most of our serious opposition is sept/octogenarians who are on the brink of extinction. The rest are a bunch of psychopathic authoritarians. All bitcoin needs to do is survive.
Tick-tock, next block.
93% supply mined w/ approx 1.4mm coins left to distribute.
Most still don't understand bitcoin isn't a trade, it's the destination. Going to be one hell of a squeeze to shake any coins out of those who understand this.
Absolute scarcity, fixed distribution, transaction finality, global demand and a world standing on top of a melting iceberg of fiat. Many books will be written about how this market defied conventional logic and absolutely melted the faces off anyone who was short.
Allow me to close my Zillow tabs for a moment to reflect on the ETF and potential implications short term.
Bitcoiners are going to have an order of magnitude more capital available to supercharge development. Development is a lot more then just writing code though. More new projects and more people to do the really heavy lifting of maintaining core and keeping it secure and healthy. More education materials. More marketing reach. And a necessary evil is more money available to fight the state on the political front to make sure bitcoin is deeply embedded into our lawbooks to prevent the authoritarians from taking away our God given rights.
It's just such a beautiful feedback cycle. NGU supercharges development, development supercharges NGU. Bullish AF
Political rant. Warning.
Here's an unpopular opinion. All politics are of course trash, but i think a Trump second term will be especially disastrous for the country. The vitriol between parties will be at all time high - violence is almost a guarantee. Trump has been right on a lot of stuff but also disastrously wrong in the face of hard evidence like the vaccines. End of the day though it doesn't really matter if he isn't pro-bitcoin he's anti-bitcoin. He's a non-viable candidate from that single perspective. We don't need another octogenarian in office who has an ego bigger than the whitehouse itself.
Vivek is really the only candidate for me right now.
tl;dr i fucking hate politics
Me: I can generate thousands of unique artwork pieces daily based on parameters with “ai”
NFT’ers: here’s a picture of a rock made by a literal nobody and it’s selling for 50k usd
NFT’s are for the highly regarded.