“Europeans move towards destroying their own capital markets”
Why else would you incentivise the world to divest from your bonds, equities and currencies & invest in Bitcoin and gold instead?
It’s myopic.
bitcoms
bitcoms@nostrplebs.com
npub18s6a...eqxk
Writing and photographing Bitcoin
Note how the UK government leads its inflation reports with its primary measure (3.9%), but the media always focuses on a (lower) secondary measure (3.0%).
Spin upon spin.
GM
The FT getting itself into a bit of a muddle with its lead article this morning.
It ‘fears’ that investors want to fall for Trump’s shitcoin scams, but are instead falling for copycat shitcoin scams passing themselves off as Trump shitcoin scams.
Oh dear.
GM
GM
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Trump’s digital financial technology executive order is just politics as usual.
In theory, the government makes decisions in the people’s best interests. In practice, the government makes decisions in big business’s best interest.
That’s why the government promotes garbage food, harmful drugs which don’t work, constant warfare, etc.
The centralised shitcoin industry was a huge donor to the Trump campaign. As a result, centralised shitcoins are likely to be promoted by the government. It’s just the way politics work. Trump even established himself as shitcoiner-in-chief before assuming office.
Bitcoin may benefit by being included in any US initiatives or reserves. But Bitcoin will suffer because officialdom will legitimise centralised shitcoins.
Some very good points here, particularly relating to mining centralisation. View quoted note →
GM
Establishment media and regime academia are preparing the ground to blame Bitcoin for the inevitable future fiat and tradfi crises.
GM
“He felt closer to dust, he said, than to light, air or water”
WG Sebald, The Emigrants 1992
Frank Auerbach, Head of EOW 1960 (snap by me in 2023)
Like Bitcoin, gold hasn’t made an all-time high this year against the inflation-adjusted dollar.
Gold Tests 1980 Real Record High as BRICS Push
Gold just hit more new all-time highs, rising close to 1980
GM
