Fred Johnston's avatar
Fred Johnston freddms@nostrplebs.com 11 months ago
We are over-reacting. #Bitcoin will win. The fiat gamblers need an off-ramp to their addiction. Give it to them - shitcoins. HISTORY shows when the fiat system fails (US$ and Shitcoins are ALL fiat) the hardest money of the time wins (why Gold remained on top for so long - it was the hardest money until now). Buy Bitcoin daily (NOT the ETFs!). Move to cold storage every few grand. HODL 10+ years. So simple, but not easy. Also, shitcoins are very well developed worldwide on the US$ shitcoin. Bitcoin L2+ is not as well developed at the shitcoins in US$. So the crypto market is an onramp to Bitcoin. I'm not touching it with a 10 foot pole, but how many of us played with SOME shitcoins in some way before understanding Bitcoin fully? (Answer: most of us)
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Sovereign Beef's avatar
Sovereign Beef sovereignbeef@primal.net 10 months ago
I tend to agree. I don’t think Lutnick, Bessent and Sachs understand Bitcoin enough to realize what they’re doing. They’re placing a depreciating currency directly next to an exit door to the hardest form of money that’s ever existed. My conclusion is they are either intentionally laying the groundwork for fiat’s demise, unintentionally doing so, or plan to introduce legislation that restricts the free movement from stablecoins into Bitcoin, likely through more punitive taxation. I tend to think it’s the most former and that they are the accidental architects of fiat’s last, pathetic gasp of air. The fact they’re all accumulating BTC reserves a small possibility of their intentionality.
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