(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)
No matter how many bitcoins are frozen by long-term investors, the remaining ones will be used for their intended purpose. The more bitcoins are frozen, the more expensive bitcoins will cost to make transfers. As a result, the commissions will pay for the work of the miners. The market will automatically adjust prices. Bitcoin will die not because of investors, but because of the technological lag behind СBDС and other more advanced blockchains.
I have learned that a market consists of a buyer and a seller. When a buyer continues to buy and NOT sell - I see a lot of gymnastics/and hype coming from TradFi and DeFi to lure me into their trap. NOT SELLING ! They can attack BTC all they want - code still resilient, after all these years. Network of miners may be vulnerable, but not the nodes.
My point - anything relating to fiat is in the toilet - read The Great Taking by Graham Webber. You will own nothing and I mean NOTHING, except Bitcoin. Bank and Government regulations are in place. Ready to deploy if panic from the peasants take over.
Google - All of The Worlds Money and Markets in One Vizualisation - this gave me perspective.
Jamie Dimon wants Governments to stop Bitcoin. Your fiat held in the bank is not yours - it is theirs. Its already happening - frozen accounts . Banks closing. ATM's disappearing. Banks now using blockchain tech to track and trace ALL your transactions. And this is happening before a full blown launch of the toxic CBDC's.
The Bitcoin I hold is not for me. Nor is it for the next generation. In the meantime working on alcohol, tobacco, heirloom seeds as a medium of exchange.
I have sold all my assets, before they do the loot and plunder - and I took these options before AI censors the Internet.
They do this incrementally to STOP Bank runs. They want controlled chaos. NOT a panicked stampede. That would really piss them off.
Better to face the fear now - identify your enemies, understand their terrain, create alternatives and share the knowledge. Blissful ignorance on your part will not help the coming generations. This is a War and most people are not aware of it. Deliberately designed to confuse, distract and break your mind.
While you're at it - read up the Ten Stages of Genocide by Gregory Stanton published 2012 - before that disappears off the internet or incur a 404 error.
If you want to own Bitcoin just for the sake of it, you can keep it forever. If you want to earn fiat money, then your approach is dangerous because whales will sell Bitcoin below 10K and it will lie there for 10 years. Why not? And how will you like it?
The Banks are broke. Nobody wants to buy Treasury bonds. Commercial Real Estate is dead. Petrodollar has been kicked to the curb. Although USD is still considered an international currency, BRICS countries are now dealing in their native fiat, which means that USD is slowly devaluing. I think Stablecoins will keep USD relevant, assuming the money printing continues. Eventually USD will die.
This opens up the gold and silver markets which has long been supressed and manipulated.
I've learned a few things - I don't buy paper gold. The physical stuff is preferable. I won't buy paper Bitcoin either. The digital stuff in a cold wallet is security.
I have studied long and will continue to do so. I do this for the generations that follow.
In the meantime I will take a front row seat - watching whitebelts strutting around like blackbelts - where they lose their hard earned fiat to the vagaries of Wall St predatory trading. Check out Maximum Extraction Value. My translation - Maximum EXPLOITATION Value.
We live in interesting times. Scary and exciting at the same time.
So, yes I like what I'm doing. I like my learning journey.
And if I'm wrong - I have not wasted my time. Knowing thyself is the bonus.
1. No US dollar. There is a meta dollar of the CB-6 cartel. This is not the best fiat money for humanity. It's just that other fiat money is even worse.
2. Treasuries are being bought and the US has not yet defaulted on its debts.
3. The seizure of Libya, Iraq and Syrian oil, 750 US bases across the planet reliably explain to humanity that oil will be sold with the meta dollar of the Central Bank-6 cartel.
4. Before the SVO, the Bank of Russia worked as the Fed exchanger in the currency board mode. Rubles are issued only when real resources are sold for meta dollars of the Central Bank-6 cartel. That's all you need to know about the BRICS currencies.
5. You don't own Bitcoin. You hold the keys to managing tokens on the Bitcoin blockchain. You do not own or control the blockchain. This is no different from paper exchange gold.
6. If you own physical gold, then at any moment physical people can come and physically explain to you that you need to share.
First - my apology for assuming you were AI. I have since found my thread.
1. Meta dollar is still centralised, overseen by CIA/FBI. Still fiat. Think of Twitter and FB.
2. China and Japan - no longer buying US Treasuries. Check out the Treasury Auctions - demand has dropped. There has been talk about tokenizing Treasuries onto the Crypto Market. Good luck with that. Who wants to throw crypto after debt ridden Treasury Bonds, Notes and Bills.
Unrealized debt hasn't morphed into realized losses yet - and you're right USA hasn't defaulted YET. My assumption - money printer working overtime.
3. The US continues bombing the shit out of Libya and Syria AND sanctioning them - take a deep dive into BRICS, especially Saudi Arabia and UAE stance on oil. Assad has already been welcomed into the group unofficially. BRICS no longer recognises the petrodollar. Oil is now transacted in Yuan, Ruble and Rupee.
4. You forget -USA sanctioned Russia, froze their accounts and seized their assets. My opinion - Meta is not going to make it where sanctions and oil are concerned in the BRICS group .
5. I have a cold wallet that holds my BTC. I have become my own bank. I don't need permission. I can transact across borders. You are right - BTC is not a physical coin. But BTC is not a token. It is a digital coin. BTC has its own blockchain which can be checked by anyone. No third party is needed. Code is law - which is open to scrutiny. Limited to 21 million coins. The amount cannot be altered. It is DECENTRALISED. No one can control it, because the miners and nodes keep the BTC network secure.
Your assumption that BTC and paper gold is way off beam. BTC is an asset. Paper gold is an IOU with another party. Another human that you are forced to trust without verification
6. Yes I agree with that statement. Thats why I don't hold any. USA did confiscate gold from their citizens. Look where it got them today.
Bitcoin can't be tampered with, because there is an amazing community of cypherpunk developers who go feral when there freedoms are threatened . They are my heroes.
The only other asset that interests me is gold. Gold has and continues to be tampered with. But with the expected stockmarket collapse, I expect a downward domino effect on all the other markets . This should tie up liquidity and open a window for gold and silver to explode.
1. Fiat and CBDC will be controlled by the authorities. Trading of real things will be only for fiat and CBDC. Therefore, for now, cryptocurrencies are only “digital shells” that Papuans exchange for fiat. Soon there will be a cryptocurrency that will be a real competitor to fiat and CBDC, but it is not yet popular.
2. State bonds are needed only to control the governments and economies of the Central Bank-6 cartel. Who buys them or doesn't buy them doesn't matter. The Meta Dollar Printer works much more humanely than other printers on the planet. :)
3. Meta dollar, BRICS currencies are freely convertible currencies. So it doesn’t matter what currency oil is sold for. The countries controlled by the masters of the Central Bank-6 cartel themselves produce enough oil for meta dollar slaves to buy it for the meta dollar.
4. Yes, they imposed sanctions, made anti-advertising for the meta dollar and they are indifferent to the consequences. Because they control enough of the countries on the planet to do whatever they want.
5. Enough BTC is confiscated so that the price of BTC to the dollar, if desired by the US government, is below $1.
6. The US confiscated citizens' gold. Germany, Russia and other countries did the same. And it didn't lead to anything. People obey the laws of their countries.
Cypherpunks are free until people from the relevant services come to them and politely ask them to do what they need to do with the code for the benefit of their home country.
There will be no stock market crash because it is part of the pension system and is controlled by bankers.
Gold will continue to be manipulated. There will be no explosion in the price of gold as long as 750 US bases explain to dull Papuans like Kaddafi that gold dinars are a bad idea.
Christine, you are wrong about the dollar, US Treasuries, petrodollar, BRICS and Bitcoin ownership. I can explain your mistakes to you, but do you want to know? Maybe it’s better for you to live with the description of reality that suits you?
It looks like my first response disappeared and yet your thread remains. So you must be a generated AI. Why? Because this is not the first time I've overloaded an AI with verifiable truth.
There is no incentive to do that and a CBDC and other blockchains will never have the properties of decentralization that Bitcoin has. There is zero incentive for a corporation of govt to create a blockchain they can not directly profit of or control. You have a pretty weak understanding of what the actual value prop is and imagine that is expressed in your lack of performance unless you are an actual scammer
The decentralization properties of Bitcoin are needed only by scammers and violators of restrictions established by the authorities of a particular country. Law-abiding citizens are quite satisfied with the centralized services of banks, Visa, MasterCard, and so on.
You're right that central banks don't need blockchain. Their centralized services are faster, more reliable and orders of magnitude cheaper than blockchain. They do not initially intend to provide access to the payment service to criminals. Therefore, they do not need a system without trust.
This might be one of the dumbest cuck comments I have ever read. We need to trust the mega corps and central banks that siphon off value through excessive fees and inflation while providing almost no economic value. This is pure retard level, not engaging anymore. Good Luck my low T friend
Do you know how much money traders have lost due to crypto exchange commissions? Do you know how much people have lost due to liquidations of margin positions thanks to information about customer orders that crypto exchanges transmit to whales to organize pumps/dumps? Where did the billion-dollar fortunes of crypto exchange owners come from?
When you want to get out of cryptocurrency and into the world of the real economy, all decentralization evaporates and you are forced to use centralized fiat money. So was decentralization truly real?
I understand that you are upset. Your faith in a wonderful, wonderful world is crumbling. But is it worth holding on to it like that?
With regards to your comment about ETFs just taking BTC off the market, are you not overlooking that those ETF holdings will be leveraged to create more trading activity?
Arthur, thank you for sharing. You are are right. If institutional investors come in, gobble up the bitcoin and park it, it spells the end of Bitcoin.
(1) Makes me wonder if this will mark the end of future crypto bull runs(after 2025)?
(2) if bitcoin dies, what would happen to Ether?
Also, good observations. Institutional investors do come in to "steal" from retail. Their selected crypto coins "investments "peak" and then they pull out and run with their bags.
Do you ever stop and look at the words you're writing?
This insane tirade is like 50% propaganda. Why do you blame everyone else for your own shortcomings? Why are you so bent on hurting people that aren't like you?
You're not fighting for some noble end by repeating fascist propaganda.
What do you think happens when countries de-globalize and take up idiotic isolationist policies like those which you undoubtedly champion? The internet dies, and so does fucking bitcoin, you idiot.
You're going to eat your own tail eventually. Hopefully it doesn't involve harming innocent people, as you fascist nutters are known to do.
Isn't the mantra to just HODL? So whether that's Blackrock holding the coins or retail investors surely that means ultimately no movement in the coins and therefore death of the network regardless?
I'm open to read your opinion. I would appreciate your sources, links or websites. My sources :
US Treasuries - World Debt Clock/ Unrealised Debt.
Petrodollar/BRICS - Kathleen Tyson ex Fed Reserve, spoke at the Network State Conference hosted by Balaji Srinivasan ex Coinbase Tech Developer.
Bitcoin Ownership - Andreas Antonopolous.
I agree my reality differs from yours. Different background, different education level ( I class myself as a dummy striving to unravel the conditioning I've been exposed to), different religious beliefs, different gender biases, different......whatever differences we bring to the table, lets accept and celebrate them.
Brother, I can't stand this Soylanal pump, can you pls do something about it? Call your Bitmex friends and rekt the longers or something. Fucking Soylana piece of shit.
Have you looked at the RWA debt markets beyond stablecoins? I'm aware of the risks (platform, contract, etc.) but there's potential for newly unlocked liquidity and better capital efficient for products like HELOCs, pawn etc.
I considered it a sharing of ideas and noted your avoidance to the questions I posed. And yet I took the time to answer your questions.
You just simply moved the goalposts, created a disconnected narrative and didn't back your statements with primary source verification.
I can deal with an open mind, even a broken mind. But a closed mind with tunnel vision -no engagement is possible . Your thoughts on BTC and Blockchain technology intrigued me at first . End result - no substance. Your ignorance was glaring.
If its any consolation _ I did spend time checking out Meta Money - CB Cartel. My opinion - More of the same fiat control that is prevalent today. I see Meta Money as a gaming crypto for the Metaverse.
Lets walk away from the table - and thank Arthur Hayes for the article that spawned this discussion in the first place.
In this article King Arthur sends light on how a BTC Etf takes Satoshis out of circulation and uses them as leverage. This could kill bitcoin, since BTC 's main function is a non-state control currency. To your point though Arthur stated if you do want/need to hold use a non-custodian wallet. As you mentioned people are saying hold, because there is a time and season to hold and there is a time and a season to use BTC. IF we are not using it then miners can't generate income, no income, no funds to pay electric bill, no electric, no miner, no miner no block chain network. My strategy will be to sell some near the top of all-time high, then diversify into ETH and Gold. Also to ride eth up then buy btc. Diversify is the keyword.
No matter how many bitcoins are frozen by long-term investors, the remaining ones will be used for their intended purpose. The more bitcoins are frozen, the more expensive bitcoins will cost to make transfers. As a result, the commissions will pay for the work of the miners. The market will automatically adjust prices. Bitcoin will die not because of investors, but because of the technological lag behind СBDС and other more advanced blockchains.
I have learned that a market consists of a buyer and a seller. When a buyer continues to buy and NOT sell - I see a lot of gymnastics/and hype coming from TradFi and DeFi to lure me into their trap. NOT SELLING ! They can attack BTC all they want - code still resilient, after all these years. Network of miners may be vulnerable, but not the nodes.
"When a buyer continues to buy and Not sell" "I see a lot....their trap. Not sell!?? Your point?
My point - anything relating to fiat is in the toilet - read The Great Taking by Graham Webber. You will own nothing and I mean NOTHING, except Bitcoin. Bank and Government regulations are in place. Ready to deploy if panic from the peasants take over.
Google - All of The Worlds Money and Markets in One Vizualisation - this gave me perspective.
Jamie Dimon wants Governments to stop Bitcoin. Your fiat held in the bank is not yours - it is theirs. Its already happening - frozen accounts . Banks closing. ATM's disappearing. Banks now using blockchain tech to track and trace ALL your transactions. And this is happening before a full blown launch of the toxic CBDC's.
The Bitcoin I hold is not for me. Nor is it for the next generation. In the meantime working on alcohol, tobacco, heirloom seeds as a medium of exchange.
I have sold all my assets, before they do the loot and plunder - and I took these options before AI censors the Internet.
They do this incrementally to STOP Bank runs. They want controlled chaos. NOT a panicked stampede. That would really piss them off.
Better to face the fear now - identify your enemies, understand their terrain, create alternatives and share the knowledge. Blissful ignorance on your part will not help the coming generations. This is a War and most people are not aware of it. Deliberately designed to confuse, distract and break your mind.
While you're at it - read up the Ten Stages of Genocide by Gregory Stanton published 2012 - before that disappears off the internet or incur a 404 error.
If you want to own Bitcoin just for the sake of it, you can keep it forever. If you want to earn fiat money, then your approach is dangerous because whales will sell Bitcoin below 10K and it will lie there for 10 years. Why not? And how will you like it?
I don't think in terms of fiat.
I think in terms of Bitcoin only.
The Banks are broke. Nobody wants to buy Treasury bonds. Commercial Real Estate is dead. Petrodollar has been kicked to the curb. Although USD is still considered an international currency, BRICS countries are now dealing in their native fiat, which means that USD is slowly devaluing. I think Stablecoins will keep USD relevant, assuming the money printing continues. Eventually USD will die.
This opens up the gold and silver markets which has long been supressed and manipulated.
I've learned a few things - I don't buy paper gold. The physical stuff is preferable. I won't buy paper Bitcoin either. The digital stuff in a cold wallet is security.
I have studied long and will continue to do so. I do this for the generations that follow.
In the meantime I will take a front row seat - watching whitebelts strutting around like blackbelts - where they lose their hard earned fiat to the vagaries of Wall St predatory trading. Check out Maximum Extraction Value. My translation - Maximum EXPLOITATION Value.
We live in interesting times. Scary and exciting at the same time.
So, yes I like what I'm doing. I like my learning journey.
And if I'm wrong - I have not wasted my time. Knowing thyself is the bonus.
In order:
1. No US dollar. There is a meta dollar of the CB-6 cartel. This is not the best fiat money for humanity. It's just that other fiat money is even worse.
2. Treasuries are being bought and the US has not yet defaulted on its debts.
3. The seizure of Libya, Iraq and Syrian oil, 750 US bases across the planet reliably explain to humanity that oil will be sold with the meta dollar of the Central Bank-6 cartel.
4. Before the SVO, the Bank of Russia worked as the Fed exchanger in the currency board mode. Rubles are issued only when real resources are sold for meta dollars of the Central Bank-6 cartel. That's all you need to know about the BRICS currencies.
5. You don't own Bitcoin. You hold the keys to managing tokens on the Bitcoin blockchain. You do not own or control the blockchain. This is no different from paper exchange gold.
6. If you own physical gold, then at any moment physical people can come and physically explain to you that you need to share.
First - my apology for assuming you were AI. I have since found my thread.
1. Meta dollar is still centralised, overseen by CIA/FBI. Still fiat. Think of Twitter and FB.
2. China and Japan - no longer buying US Treasuries. Check out the Treasury Auctions - demand has dropped. There has been talk about tokenizing Treasuries onto the Crypto Market. Good luck with that. Who wants to throw crypto after debt ridden Treasury Bonds, Notes and Bills.
Unrealized debt hasn't morphed into realized losses yet - and you're right USA hasn't defaulted YET. My assumption - money printer working overtime.
3. The US continues bombing the shit out of Libya and Syria AND sanctioning them - take a deep dive into BRICS, especially Saudi Arabia and UAE stance on oil. Assad has already been welcomed into the group unofficially. BRICS no longer recognises the petrodollar. Oil is now transacted in Yuan, Ruble and Rupee.
4. You forget -USA sanctioned Russia, froze their accounts and seized their assets. My opinion - Meta is not going to make it where sanctions and oil are concerned in the BRICS group .
5. I have a cold wallet that holds my BTC. I have become my own bank. I don't need permission. I can transact across borders. You are right - BTC is not a physical coin. But BTC is not a token. It is a digital coin. BTC has its own blockchain which can be checked by anyone. No third party is needed. Code is law - which is open to scrutiny. Limited to 21 million coins. The amount cannot be altered. It is DECENTRALISED. No one can control it, because the miners and nodes keep the BTC network secure.
Your assumption that BTC and paper gold is way off beam. BTC is an asset. Paper gold is an IOU with another party. Another human that you are forced to trust without verification
6. Yes I agree with that statement. Thats why I don't hold any. USA did confiscate gold from their citizens. Look where it got them today.
Bitcoin can't be tampered with, because there is an amazing community of cypherpunk developers who go feral when there freedoms are threatened . They are my heroes.
The only other asset that interests me is gold. Gold has and continues to be tampered with. But with the expected stockmarket collapse, I expect a downward domino effect on all the other markets . This should tie up liquidity and open a window for gold and silver to explode.
1. Fiat and CBDC will be controlled by the authorities. Trading of real things will be only for fiat and CBDC. Therefore, for now, cryptocurrencies are only “digital shells” that Papuans exchange for fiat. Soon there will be a cryptocurrency that will be a real competitor to fiat and CBDC, but it is not yet popular.
2. State bonds are needed only to control the governments and economies of the Central Bank-6 cartel. Who buys them or doesn't buy them doesn't matter. The Meta Dollar Printer works much more humanely than other printers on the planet. :)
3. Meta dollar, BRICS currencies are freely convertible currencies. So it doesn’t matter what currency oil is sold for. The countries controlled by the masters of the Central Bank-6 cartel themselves produce enough oil for meta dollar slaves to buy it for the meta dollar.
4. Yes, they imposed sanctions, made anti-advertising for the meta dollar and they are indifferent to the consequences. Because they control enough of the countries on the planet to do whatever they want.
5. Enough BTC is confiscated so that the price of BTC to the dollar, if desired by the US government, is below $1.
6. The US confiscated citizens' gold. Germany, Russia and other countries did the same. And it didn't lead to anything. People obey the laws of their countries.
Cypherpunks are free until people from the relevant services come to them and politely ask them to do what they need to do with the code for the benefit of their home country.
There will be no stock market crash because it is part of the pension system and is controlled by bankers.
Gold will continue to be manipulated. There will be no explosion in the price of gold as long as 750 US bases explain to dull Papuans like Kaddafi that gold dinars are a bad idea.
Christine, you are wrong about the dollar, US Treasuries, petrodollar, BRICS and Bitcoin ownership. I can explain your mistakes to you, but do you want to know? Maybe it’s better for you to live with the description of reality that suits you?
It looks like my first response disappeared and yet your thread remains. So you must be a generated AI. Why? Because this is not the first time I've overloaded an AI with verifiable truth.
Your comment is visible in the thread below. I will answer it.
There is no incentive to do that and a CBDC and other blockchains will never have the properties of decentralization that Bitcoin has. There is zero incentive for a corporation of govt to create a blockchain they can not directly profit of or control. You have a pretty weak understanding of what the actual value prop is and imagine that is expressed in your lack of performance unless you are an actual scammer
The decentralization properties of Bitcoin are needed only by scammers and violators of restrictions established by the authorities of a particular country. Law-abiding citizens are quite satisfied with the centralized services of banks, Visa, MasterCard, and so on.
You're right that central banks don't need blockchain. Their centralized services are faster, more reliable and orders of magnitude cheaper than blockchain. They do not initially intend to provide access to the payment service to criminals. Therefore, they do not need a system without trust.
This might be one of the dumbest cuck comments I have ever read. We need to trust the mega corps and central banks that siphon off value through excessive fees and inflation while providing almost no economic value. This is pure retard level, not engaging anymore. Good Luck my low T friend
Do you know how much money traders have lost due to crypto exchange commissions? Do you know how much people have lost due to liquidations of margin positions thanks to information about customer orders that crypto exchanges transmit to whales to organize pumps/dumps? Where did the billion-dollar fortunes of crypto exchange owners come from?
When you want to get out of cryptocurrency and into the world of the real economy, all decentralization evaporates and you are forced to use centralized fiat money. So was decentralization truly real?
I understand that you are upset. Your faith in a wonderful, wonderful world is crumbling. But is it worth holding on to it like that?
Hi Arthur.
Love your articles.
With regards to your comment about ETFs just taking BTC off the market, are you not overlooking that those ETF holdings will be leveraged to create more trading activity?
Best wishes for the holidays.
Arthur, thank you for sharing. You are are right. If institutional investors come in, gobble up the bitcoin and park it, it spells the end of Bitcoin.
(1) Makes me wonder if this will mark the end of future crypto bull runs(after 2025)?
(2) if bitcoin dies, what would happen to Ether?
Also, good observations. Institutional investors do come in to "steal" from retail. Their selected crypto coins "investments "peak" and then they pull out and run with their bags.
Do you ever stop and look at the words you're writing?
This insane tirade is like 50% propaganda. Why do you blame everyone else for your own shortcomings? Why are you so bent on hurting people that aren't like you?
You're not fighting for some noble end by repeating fascist propaganda.
What do you think happens when countries de-globalize and take up idiotic isolationist policies like those which you undoubtedly champion? The internet dies, and so does fucking bitcoin, you idiot.
You're going to eat your own tail eventually. Hopefully it doesn't involve harming innocent people, as you fascist nutters are known to do.
Indeed
Isn't the mantra to just HODL? So whether that's Blackrock holding the coins or retail investors surely that means ultimately no movement in the coins and therefore death of the network regardless?
I'm open to read your opinion. I would appreciate your sources, links or websites. My sources :
US Treasuries - World Debt Clock/ Unrealised Debt.
Petrodollar/BRICS - Kathleen Tyson ex Fed Reserve, spoke at the Network State Conference hosted by Balaji Srinivasan ex Coinbase Tech Developer.
Bitcoin Ownership - Andreas Antonopolous.
I agree my reality differs from yours. Different background, different education level ( I class myself as a dummy striving to unravel the conditioning I've been exposed to), different religious beliefs, different gender biases, different......whatever differences we bring to the table, lets accept and celebrate them.
Left hanging by chopsticks on the perma-hold scenario...please bless us w fairy dust...or not.
I never thought about this whole ETF situation from this perspective... I just fell entirely for the bullish narrative that has been peddled
This something we should critically consider and evaluate
Great Article overall !
Brother, I can't stand this Soylanal pump, can you pls do something about it? Call your Bitmex friends and rekt the longers or something. Fucking Soylana piece of shit.
Have you looked at the RWA debt markets beyond stablecoins? I'm aware of the risks (platform, contract, etc.) but there's potential for newly unlocked liquidity and better capital efficient for products like HELOCs, pawn etc.
As always a pleasure to read. It made lol 100x
I considered it a sharing of ideas and noted your avoidance to the questions I posed. And yet I took the time to answer your questions.
You just simply moved the goalposts, created a disconnected narrative and didn't back your statements with primary source verification.
I can deal with an open mind, even a broken mind. But a closed mind with tunnel vision -no engagement is possible . Your thoughts on BTC and Blockchain technology intrigued me at first . End result - no substance. Your ignorance was glaring.
If its any consolation _ I did spend time checking out Meta Money - CB Cartel. My opinion - More of the same fiat control that is prevalent today. I see Meta Money as a gaming crypto for the Metaverse.
Lets walk away from the table - and thank Arthur Hayes for the article that spawned this discussion in the first place.
Excellent, pertinent : thank you very much for the article! It offers new instructive point of views
In this article King Arthur sends light on how a BTC Etf takes Satoshis out of circulation and uses them as leverage. This could kill bitcoin, since BTC 's main function is a non-state control currency. To your point though Arthur stated if you do want/need to hold use a non-custodian wallet. As you mentioned people are saying hold, because there is a time and season to hold and there is a time and a season to use BTC. IF we are not using it then miners can't generate income, no income, no funds to pay electric bill, no electric, no miner, no miner no block chain network. My strategy will be to sell some near the top of all-time high, then diversify into ETH and Gold. Also to ride eth up then buy btc. Diversify is the keyword.
Merry Christmas to you too. You dropped about six gems in this article. Almost time to put the cake away and buckle up on this buckin bull!