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Kane McGukin
kane@NostrVerified.com
npub13j76...s940
#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq
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kane 2 years ago
The biggest takeaway from the 2023 Bitcoin Conf / #[6]​ was the energy, interest, and capital looking to back infrastructure that will power financial liquidity for future generations. A quick history of how liquidity crises led us to #Bitcoin. Money has moved over networks for centuries. Originally, gold moved by land and water through a network of ports and shipping lanes, until lack of speed and liquidity issues forced change. Paper notes & treasuries replaced gold for faster value transfer until liquidity & foreign exchange problems arose again in the 1960s & 70s. So, Central Banks created a digital network, SWIFT, to increase money velocity & solve liquidity distress. With central and commercial banks online and individuals having access to PCs, email, and web browsers the barrier to information finally broke. This launching of the internet sparked a wave of innovation and liquidity that led to the globalization of businesses and people. #Bitcoin's creation resolves the liquidity issues that resurfaced in 2008 and are ongoing today. This monetary protocol ties together our past networks, while adding security, and allowing information and value to flow freely throughout the 🌎. Money is not wealth. It isn't for hoarding. It's for multiplying. Money guided by principles and diversified talent is what builds wealth that lasts for generations. Whether routed through ports, servers, or nodes connectivity & access are what have made money valuable. Liquidity crises are a sign that our money and the way we use it need complete reformation. We need to ask the right questions for understanding how to get back on rails that lead to real wealth vs. values that inflate our bank accounts.
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kane 2 years ago
Education and family are the only way out of oppression. #Bitcoin  #[2]​ #[3]​ #[4] image
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kane 2 years ago
Feels like Thomas Tooke may have been Satoshi. “No remedy can be applied until all the defects in the system of our currency be exposed.” - Thomas Tooke A #Bitcoin  ‘ers take in 1822
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kane 2 years ago
The forced US regional bank consolidation looks a lot more Chinese than original or accident. image
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kane 2 years ago
If you ever question why things like 2020’s COVID “pandemic”, 2008, The Great Depression, or WWI & II happen. There’s plenty of evidence that proves this is more than likely the real truth. 👇👇💪 Most of these events are not accidents but the motives of greedy men. That’s why we #bitcoin and #nostr. image
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kane 2 years ago
A quick note I jotted while on a call in 2020 or 2021. What seemed obvious & misunderstood in the moment (a VC bubble), became reality in 2022/2023. We are seeing the unintended consequences of a 🌎 driven by reckless VC deals/valuations. image The relentless gobbling up of businesses forced price increases + exponential hollow “growth” at the expense of pricing out the middle and lower class. All to create a bunch of empty unicorns, for a few dudes to pound their chest, and to satisfy 3-5yr Excel exit models. Spreadsheet math and astronomical multiples got us to the point where we are… bank failures.
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kane 2 years ago
The FED calling SVB and $FRC “outliers” is the same as JPM, UBS, Credit Suisse and other banks blaming “rogue traders” as the cause of 2008. Winners don’t place blame. They solve problems.
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kane 2 years ago
It’s been clear for decades that China is running the same playbook as the US did at the turn and beginning of the 20th century. image Though adding their own twist. Each time power changes the old loses their way and the new infiltrates the system with their ideals. 1913-1933 = 20yrs 1989-2010 = 21yrs 1933-1945 = 12yrs 2010-2023(?) = 13yrs image
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kane 2 years ago
What you see - dark line (S&P price). What you feel - 10yr returns, very clear trend. image