I have a different take on bitcoin, tether, and dollars
Can also speak with authority on nation state violence
"Nothing makes you feel more free than taking another person's freedom" https://twitter.com/coloradotravis/status/1351215356086464519
Can also speak with authority on nation state violence
"Nothing makes you feel more free than taking another person's freedom" https://twitter.com/coloradotravis/status/1351215356086464519
@coloradotravis and @profplum99 concerns with tether, bitcoin, and decentralization make sense yet I remain long BTC
They are correct on force, I worked in decentralized societies, they are dangerous because the state does not have a monopoly on violence
They are correct on force, I worked in decentralized societies, they are dangerous because the state does not have a monopoly on violence
For those in the first world who have never seen a milita ride out of the desert, kill and enslave farmers, and the government cannot stop it because the 21st century slave trade pays better than the UN, the reality of decentralization is might equals right
I know, that isn't the decentralized future Buterin talks about while wearing a t-shirt with a cat fighting space invaders on it (love those shirts)
But we need to be real, disrupting the global centralized economy won't be like Uber putting taxis out of work
But we need to be real, disrupting the global centralized economy won't be like Uber putting taxis out of work
It will be war and faminine level disruption as old empires come alive again
For decentralization to rise the centralized global power of the last 70 years (US Hegemony) has to weaken
Yes we will be rich, but as the Big Short says,
"you can be happy, just don't fucking dance"
For decentralization to rise the centralized global power of the last 70 years (US Hegemony) has to weaken
Yes we will be rich, but as the Big Short says,
"you can be happy, just don't fucking dance"
There is a much larger discussion to be had on old empires coming alive and US Hegemony fading with security of trade across oceans and changing demographics
Piece I wrote is here, but lets stay focused on tether, bitcoin, and dollar for now https://www.radigancarter.com/dispatches/the-new-old-world
Piece I wrote is here, but lets stay focused on tether, bitcoin, and dollar for now https://www.radigancarter.com/dispatches/the-new-old-world
When I saw Chinese businessmen using tether for cross border payments to circumvent SWIFT, I got it
They are doing what the CCP does best
Using the US's 70 years of geopolitical power, 10 aircraft carrier battle groups, and GDP strength without having to pay for it
They are doing what the CCP does best
Using the US's 70 years of geopolitical power, 10 aircraft carrier battle groups, and GDP strength without having to pay for it
Seriously doubt tether is backed
Would be a wasted opportunity by the CCP
CCP doesn't want fair anything, they want to undo the shame of the Opium Wars and treat the West the way we treated them in the 19th century
But don't care, bitcoin could drop to $1k, would just buy more
Would be a wasted opportunity by the CCP
CCP doesn't want fair anything, they want to undo the shame of the Opium Wars and treat the West the way we treated them in the 19th century
But don't care, bitcoin could drop to $1k, would just buy more
Bitfinex will doubtfully ever get called on tether, they are the 21st century Chinese equivalent of Sir Francis Drake
Privateers running an unlicensed federal reserve branch printing free dollars with the protection of the CCP and fear their displeasure much more than SDNY AUSAs
Privateers running an unlicensed federal reserve branch printing free dollars with the protection of the CCP and fear their displeasure much more than SDNY AUSAs
Bitcoin investors happened to stumble into geopolitics and are shocked the Great Game is so dirty and grey
Tether and bitcoin are nothing
China kills Indians in the Himalayas to keep India engaged there so its navy does not have funds for defenses at the Strait of Malacca
Tether and bitcoin are nothing
China kills Indians in the Himalayas to keep India engaged there so its navy does not have funds for defenses at the Strait of Malacca
So not worried about tether, if btc drops, I buy more, trust it more than Fed now
You would too if you graduated in 2007 for the GFC, spent a decade overseas at war while fed and boomers had a party, came back for a pandemic, everything is expensive, and it all feels fake
You would too if you graduated in 2007 for the GFC, spent a decade overseas at war while fed and boomers had a party, came back for a pandemic, everything is expensive, and it all feels fake
I just can't get excited about buying Airbnb at 28x EV/S, or using my VA loan on a $800k house
Then I look at http://www.chapwoodindex.com , see my cost of living going up 12% a year, and it is frustrating
Makes the whole traditional financial system feel dirty
Then I look at http://www.chapwoodindex.com , see my cost of living going up 12% a year, and it is frustrating
Makes the whole traditional financial system feel dirty
I would love to have a better option than bitcoin, if I was worth $5 mil, I would have different tools and maybe not be in bitcoin
But I don't, so I just stay long bitcoin, and will go into other investments when I find ones I think are good value and make sense to me
But I don't, so I just stay long bitcoin, and will go into other investments when I find ones I think are good value and make sense to me
Also, don't want bitcoin to be the new global trade currency
None of us should because the only thing that protects global trade is violence and that requires dudes like me
Think people get confused about security
Bitcoin being secure isn't the same as shipments being secured
None of us should because the only thing that protects global trade is violence and that requires dudes like me
Think people get confused about security
Bitcoin being secure isn't the same as shipments being secured
Don't want btc to be anything else than it is already
An alternative asset class
I no longer trust the system I grew up loving and gave years of my life defending
It isn't the life I wanted, but I didn't choose it, the Fed did
At least bitcoin lets me not be angry about it
An alternative asset class
I no longer trust the system I grew up loving and gave years of my life defending
It isn't the life I wanted, but I didn't choose it, the Fed did
At least bitcoin lets me not be angry about it
So to wrap up, CCP would disappoint me if they weren't printing fake dollars, doubt audit happens
If btc falls I buy more, trust it more than Fed
Shift from US Hegemony and dollar larger than bitcoin, but don't want to see dollar fall
Look forward to having better options
If btc falls I buy more, trust it more than Fed
Shift from US Hegemony and dollar larger than bitcoin, but don't want to see dollar fall
Look forward to having better options