This decade there will be a nobel prize awarded to some economists research supporting the idea that higher inflation is good bc of something we "didn't see coming" that's highly deflationary
Eric
eric@denver.space
npub1m7fj...0l4p
Chinese abandoned cities are the product of central planning and speculative credit bubbles
This is how malinvestment is created - unused homes for hundreds of millions
This wasted time, energy, and capital could've been used to increase living standards
#bitcoin fixes this 

Stop breathing and look at this
If you ask people what think about #bitcoin before you start explaining things about bitcoin to them you’re going to do a way better job explaining bitcoin to them
Stablecoins are on pace to become the new money market funds - Crypto L1s will live and die by demand for these coins
Investors will buy and hold them to earn a yield from the debt backing them
That "yield" is derived from fiat debt issuance and this system will grow even more rapidly than fiat debt
It will be called the next innovation of crypto
A crisis will emerge with stablecoins losing their peg - effectively "breaking the buck"
Nothing about this system will enable freedom
EMERGENCY NOTE:
#bitcoin has a ratio issue
For some reason girls don’t like talking about bitcoin
wtf are we supposed to talk with them about
Would you rather be @Tatum Turn Up with a lobster roll or the guy with a girlfriend? 

Show me your memes 

Knew it 

It seems that a big part of becoming a rent seeking monopolistic tech titan requires changing your name
Google —-> Alphabet
Facebook —-> Meta
Twitter —-> X
When they say you can’t zap anymore and to take your shoes off at the front door
#zapathon 

ZAP OR DIE!!!!!
#zapathon 

This was the size of the corn dogs at buggies game 5 this year
#zapathon 

Rate this photo
#zapathon 

Ahhhhloookatmeeeee I’m reporrtiingggf woahhhhhh
#zapathon 

#zapathon 

No King save your zaps for the next #zapathon 

The bubble bursting in crypto isn't like the dot com era
It's like the Protocol Wars
IBM, Zerox, AT&T and others attempted to create proprietary base internet standards
They all lost to TCP/IP - a non-proprietary, royalty-free, open architecture
Only Bitcoin has these properties