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16 sats \ 0 replies \ @Solomonsatoshi 2h \ parent \ on: Bitcoin treasuries part deux! econ
Did you read the book itself?
I did and it gave a very different picture to the hysteria going around at the time of the take down . . . read the book and decide for yourself but all I am saying is most Bitcoiners bought the witch hunt narrative that was not the full story.
Everyone was using front companies to gain banking access- unless you were Coinbase and thus working for the fiat establishment all along.
Lewis does not paint SBF as a saint but as a complex and highly skilled operator somewhere on the Asperger's spectrum - working in a financial culture culture of extremely questionable principles to say the least- SBF was a product of a corrupt financial sector culture but was taken down because what he was doing did not align with the political Chokepoint2 agenda of shutting down crypto.
Most Bitcoiners still have not read Michael Lewis book on SBF- instead they swallowed the fiat bankers/establishment FUD on what was a hit job on SBF and FTX.
Will Michael Saylor disappear in a tragic boating accident?
Will Bitcoin return to USD$110000 by the end of January 2016?
Or is the 4 Year Cycle just rolling around again?!
Ladies and Gentlemen you can now place your bets!
Let all genuine Bitcoiners here boycott zapping any comments and posts from people who have not enabled sats zapping.
End the plague of arsemilking parasites.
Why do you call yourself a Bitcoiner but here on Stacker News you refuse to enable your Bitcoin wallets and zap in sats?
Instead you deliberately disable Bitcoin payments and sling around CC shitcoins.
Are you just here for arsemilking sats off of the genuine Bitcoiners who take the time to enable wallets and pay in sats ?
Reinstate your wallets or continue to be called out daily for being a blatant hypocrit.
It is the four year cycle.
Remember all the usual suspects talking incessantly about it in the lead up to the halving- then more recently going silent on it?
They said 'its different this time because we have institutional investors and ETFs'
Bullshit- institutional investors and ETFs are even more fickle and quick to jump ship than private Bitcoiner investors were in previous cycles!
If you think there will be a rebound put your sats where you mouth is-
Will the Four Year Cycle rear its ugly head again?
Has it already?
Will Saylor die in mysterious circumstances in a boating accident?
What will the price of Bitcoin be at the end of January 2026?
Will it be above USD$100k?
Ladies and Gentlemen please place your bets here-
https://beta.predyx.com/market/bitcoin-price-will-be-usd110000-or-above-on-1159pm-january-31-2026-according-to-coinbase-new-zealand-time-1763841090
They do not have to believe Bitcoin will inevitably go to the moon to see that it has enjoyed spectacular gains to date and that buying via Saylor/Strategy does not require any challenging self custody. There may also be tax advantages in buying via Strategy. Here in New Zealand at least capital gains made via equities are not automatically taxed..whereas any gains made via Bitcoin/crypto are.
More conventional investors see others making huge gains via crypto/bitcoin and want some exposure- Strategy and the like are an easy option for them. They are not toxic maxis or revolutionaries- they are just ordinary conventional follow the herd investors seeking diversification and potential gain.
They had probably never even heard of the 4 year cycle...
Only buy, hold and use Bitcoin if you want to be part of the peaceful revolution building an alternative to the rentseeking fiat debt slavery bankers cartel that owns your government.
If instead you primarily seek fiat denominated gains you might just get rekt because you will believe the circle jerking, self serving, NGU, echo chamber hype ...
CCs are for people who cannot yet manage attaching a wallet but still want to participate.
They are not for people who claim to be Bitcoiners and wanting to use it P2P.
Bitcoin is internet money. Bitcoin Circular Economies occur only when people in a community spend sats. That can be communities online or locally. Bitcoin is free of geographical limitations.
SNs is a social media V4V community and one of the very few places we can all use Bitcoin P2P and participate in a circular Bitcoin economy-community-dialogue but hypocrit @DarthCoin consciously and deliberately is debasing that opportunity.
Circular economies will not develop if people are selfishly hoarding their sats rather than using them P2P.
With regard to raw materials, if you are referring to rare earths it is not a problem sourcing unrefined rare earths- the problem is that China has almost complete monopoly over the refining of rare earths into useful pure state.
USA cannot fight a war of any substance without the supply of refined rare earths that China now controls.
That leaves USA and the USAs Jewish bankers in a vulnerable position.
Monetary power is derived from dominance in global trade and China now enjoys that dominance- they are not likely to adopt Bitcoin for trade payments, or the Jews for banking.
You deliberately debase the circular Bitcoin economy on this platform and you fail to address the issue when raised in a credible reasoned manner and so fail to engage in the ultimate and foundational free market- the contest of ideas.
Re enable your wallet and stop being a hypocrit.
Stacker News is what we make it.
I am here for the contest of ideas and the ability to use a Bitcoin denominated V4V social media platform.
Not here for arsemilking.
@Darthcoin and others who intentionally disable their sats denominated wallets are debasing SNs and by example undermining one of the very few internationally accessible Bitcoin circular economies.
Hypocrits.
@DarthCoin does not even use Bitcoin here on SNs.
It is not like he is not capable of attaching a wallet- but rather he chooses not to.
He is a hypocrit if he says he wants to see Bitcoin adoption when he shuns it himself.
@DarthCoin you are a hypocrit.
And worse still given his status here he is encouraging others not to use Bitcoin here either.
So much for the revolution @DarthCoin - you are actively undermining Bitcoin adoption on one of the very few spaces where everyone can use it but you choose to boycott its use here.