Operation Saylor - Episode 26/120

Hi again and welcome to another episode of the Operation Saylor. This is update number 26, corresponding to August 2024.

If you are reading this for first time, you might want to check Episode 1, where my plan and details are explained. That will get you in context.

https://i.postimg.cc/4NKMq5Jj/episode-26-bitcoin-stack.png https://i.postimg.cc/kMYzTZdx/episode-26-stack-value-vs-debt.png

Hello again and welcome to another episode of the series. We can finally leave behind the whole performance discussion from the anniversary... and go back to my unstructured, random rambles.

This month I finally read The Mandibles, after watching Odell recommend it for years. It was a great read. Went straight in, I think I finished it in a couple of days.

For those who are not familiar with it, The Mandibles is a fiction novel that describes the story of a US family after the USD stops being the global reserve currency. It's a crisp book that explains everything from the point of view of normal citizens. This makes it quite frightening. It's one thing to read about macro and check some doomporn on ZeroHedge, but reading a novel like this where you can pretty much smell the misery and fear through the pages hits truly hard. Even though I don't think the book is as deep or impactful as Atlas Shrugged, I would happily place both of them in a shelf of books that describe Bitcoiner's fears.

I don't want to spoil you too much, so feel free to drop here. But I must say that what scared me the most about this book is how boiling-frog-ish everything feels like. The characters of the story see their levels of freedom and material well being go lower, and lower, and lower, yet they pretty much just put up with it and adapt in very tactical ways for the most part. This makes me scared, because I fear that this might happen to many of us in real life. That if things are to go south, yet never at a pace fast enough to trigger us into risking violent, sudden changes and alternatives, we might just eat the whole thing and live miserably. I hope I'm wrong.

I recommend you to read it, and I also recommend it as a great book to gift to normies who still need to understand what's wrong with money. The book is not too technical, but it does a decent job at relating economic events to how they impact people's lives. It's also a quite emotional book, so that can be a great trigger to impact someone. Much better than recommending economics textbooks, probably.

On an unrelated topic, I wanted to share a link to this gentleman's post on reddit. He's a US fella that's done a similar pattern to Operation Saylor, only way bolder. I thought you guys would appreciate going through it. I enjoyed his story, but what I enjoyed even more was going through the comments and noticing how the mood feels very different of what it felt like years ago. There was way more people supporting him: saying the whole move makes sense, congratuling the guy and even stating that they've done similar actions themselves. I feel years ago it would only have been people calling him a degenerate gambler, saying he just got lucky, mocking him and labeling him an idiot. Could it be that the Speculative Attack is slowly going mainstream, riding the arc from fringe to obvious?

I'll keep it short this month. As always, thanks for reading and I'll see you next month.