2025 odds should be 33% View quoted note →

Verifying my Nostr Nests identity: pKLfy0Hx58zP8jJ6IO-2GXX-xwu7BXv90WnoZxAfUsc

Nests

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"We learn how one issue succeeded the other, how every time new names were invented to delude the people, solemn promises were made that henceforth the government should fulfill what it had charged itself with, and how the result was that again and again old debts were paid by incurring new in order to defer the impending bankruptcy of the state." - On Chinese Currency, 1877

Historic pace of Fed tightening = historic yield curve inversions. Cause and effect.

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People have attached paper substitutes to real forms of money for centuries. Bitcoin also has to contend with this inevitable construct, but you can protect yourself by having total sovereignty over your coins, thus negating counterparty risk.