Thomas Sowell “The First Lesson of Economics is Scarcity:
There is never enough of anything to satisfy all those who want it.
The first lesson of politics is to disregard the first lesson of economics.”
When Blackrock predictably buys up all the #Bitcoin you dump under $20,000, don’t start crying when BTC hits 30 -30 – 50 – 60 – 70- 80 – 90 – 100 thousand etc.
Skate to where the puck is going.
@FossGregfoss
“Inflation (which I caused) is really bad….so I am gonna cause a global depression in order to fight my mistakes” – Jay Powell Fiat clown
@JasonPLowery Replying to @FossGregfoss
TRICKs:
Turkey Russia Iran China Korea (north)
This is why USA needs to adopt #btc as protection against “frenemies”
Zoltan Pozsar’s research is prescient.
#btc beats tricks
USA & TRICKs will all adopt #BTC & run massive hashing infrastracture to ensure none can be DoS-attacked from using the ledger. The schelling point is mutually assured preservation. Everybody stockpile hash & #btc & consequently preserve each other’s access.
We already do this with mass-based resources. Control over land is decentralized by militaries projecting kinetic power to make it too expensive for 1 nation to have majority control. Schelling point is mutually assured destruction.
#BTC simply takes the mass out of the game
@FossGregfoss May 19, 2021
Hey world investors:
Global debt is a US$400T asset that is programmed to debase (it is a Fiat contract).
#btc is a sub US$1T asset that is programmed as the most secure Store of Value ever created (math + code)
Where do you think the smart money will flow?
8/29/22 Thought of the day,
ZoItan Pozsar should construct an index of Sovereign debt CDS and use it to reflect the rising contagion risks amongst “frenemies”.
This would measure the “intrinsic value” of #btc as default insurance on the basket of Fiat (basket cases).
PIGS, TRICKS etc.
Focus on Europe and the rise in Sovereign risk of the PIGS…
The #fed is the cause, the PIGS get slaughtered.
The decline in the Euro is fueling inflation in the PIGS.
The intrinsic value of #btc is increasing yet the algos are still trading it as a “risk” asset. Smile
#btc is CDS on a basket of Sovereigns and the PIGS are a big component.
When Sov CDS spreads widen, the “intrinsic” value of #bitcoin increases.
Few. Phew. Smile.
Citizens of the PIGS should be buying #btc with both hands as they become the tail of the dog (#fed and credit).