The best solution is for Bitcoin to again drop to $25,000 where Wall-Streeters and those around them will lick their gaping wounds while the 99% can again partake in Bitcoin’s rebirth and its proper growth this time around, as it should be, with no involvement of Wall-Street, politicians, nation-states, billionaires or the greed-seeking Media-Bitcoin-Industrial complex.
I'm a bitcoin hipster. I'll admit it.
This also seems to be bitcoin's way and this time might not be so different. Faint mass market utility while some hidden levers mysteriously synchronize, then like a full moon, unwind until they meet again. There is something healthier about the periodic burn of that versus indefinite treasury companies spinning up from nothing, confidence pumping - our leverage and market are differentiated from all the other leverage and market out there.
Akin to Warren Buffet's famous quote about how you see who's been swimming naked when the tide goes out, the bear market is when you find out who's a real Bitcoiner and who's just a Number-Go-Upper. Especially among the billionaire/influencer class.
I know for a fact many of them entered the water fully clothed is the part that scares me.
What about the real bitcoiners that only got orange pilled at $124k and then sold their houses for self-sovereign, censorship-resistant money?
Or is there no such cohort?
I am sympathetic. But it doesn't make much sense to get mad at bitcoin. They should know the risks when they buy it and if they weren't ok with the downside risk they should have bought less
This made me think of Car's discussion with David Bailey. Davey was incredulous - "what's wrong with bitcoin treasury companies?"
I think about that one a lot. Car was very early, very right
Woo doggie
Lol love the "Bitcoin hipster" schtick. I know a few of those 😭
The title alone got me
Majority of corporate organizations holding and not using so utility is failing
I wonder how much usage SN would have at $25k. I know I’ll still be here!!
For what? So that Ross Ulbricht can go back to jail?
Maye the treasury crap forever disintegrate, their sponsor be behind bars
I always said, this is how bitcoin will be killed, not banned...