Jane's Bonds

I'm guessing Square doesn't provide liquidity services for these poor chaps. 12% of sales, still not bad. I've met some of these people and they don't have a clue. Can we go back to casino chips? They have a nicer feel.

The relationship between LTC and DOGE should be enough to realize the value of printed money will always be greater than Bitcoin. Even in a trustless system, the asset with consistently constant inflation wins. Bitcoin is the shovel, cash is king.

The goal is not to adopt Bitcoin, but to avoid it at all costs, leveraging its value into your own networks; forcing Bitcoin to accept your own values, your own chains, in exchange for the goods and services you provide.

Doubt the government comes back with the money printer. Expecting the first round of impactful legislation targeting infrastructure like nodes and miners. You may choose to not play ball, but institutions won't have that liberty, therefore you won't have that liberty. The original blockchain will become another altcoin, crippled by hashrate. This is the system you signed up for when buying Bitcoin.

The narrative that Bitcoin will replace fiat currency truly misunderstands how disruptive technology reshapes markets. The correct analogy is not destruction, but consolidation. Look no further than the retail giant Walmart and how they embraced the internet. Walmart adapted, integrating e-commerce to become a dominant omnichannel player. The real victims were local, family owned "mom and pop" stores, whose ability to compete on price, selection, and logistics was crushed by the new, hyper-efficient digital landscape. In the end, the new financial system will likely be hybrid: a digital system run by the world's largest financial entities and governments, layered on top of or inspired by decentralized technologies. Products like Bitcoin will supercharge these incumbents, not replace them. It offers the tools for a cheaper, faster global financial system, one that the most powerful actors are best positioned to leverage, further cementing their dominance over smaller, regional competitors.

Planned obsolescence has been a staple of modern technology. Bitcoin is no different.

Sam Bankman-Fried did nothing wrong. #FreeSBF

Corporate talks of selling Bitcoin to buyback stocks; seems counterintuitive considering their massive rallies were built on the narrative of acquiring the asset prior to artificial intelligence. At the same time FED talks about turning on the money printer, which should test the Bitcoin narrative of being an inflation hedge. Perhaps centralizing value under a single blockchain is not the way, especially one so heavily acquired by the same institutions it was meant to challenge. This is "decentralized" finance after all.