43 sats \ 3 replies \ @lynaldencontact OP 31 Aug 2022 \ parent \ on: Lyn Alden AMA bitcoin
  1. For the long run, yes. In the near term, it is rough because the Fed is tightening monetary policy into an economic slowdown, though.
  2. I think a pivot in monetary policy and easing of liquidity can allow for the next leg up.
  3. I think they'll stop raising rates if there are signs of severe credit market or Treasury market stress.
  4. The Euro Area (the subset of the EU that uses the shared currency) is being stressed pretty hard here. It's the place in the developed world that I'm most concerned about. I think one needs to have scarce assets and some degree of self-sufficiency if possible.
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0 sats \ 2 replies \ @21bitcoinApp 31 Aug 2022
Thanks a lot for your response, Lyn! Could you elaborate on point 4. a bit? What kind of assets you have in mind? And what specifically you mean with self-sufficiency?
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0 sats \ 1 reply \ @StanKozlovski 2 Sep 2022
Any kind of scarce assets really -- just not currency afaict.
re: self-sufficiency, you want to hedge against all manners of problems that can break out when a developed country goes through a hard period.
  • non-dependence on civil unrest second order effects like worker strikes (e.g truckers, etc), not being in a huge city where crime can really go up
  • possibly remote job to allow for relocation if shit hits the fan
  • electricity backup in case of high prices / grid downtime / blackouts.
etc
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0 sats \ 0 replies \ @21bitcoinApp 2 Sep 2022
Indeed. Thanks for your reply. Really strange times we are living in. Glad we have #Bitcoin, it gives us at least a little bit of hope.
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