Let Them Eat Humble Pie! "Bitcoin Bests $100,000" | (TDE, Pete Earle) \ stacker news ~econ

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Let Them Eat Humble Pie! "Bitcoin Bests $100,000" | (TDE, Pete Earle)thedailyeconomy.org/article/bitcoin-bests-100000/

777 sats \ 7 comments \ @denlillaapan 5 Dec econ

My colleague and friend Pete Earle writes a recap for AIER's The Daily Economy celebrating Bitcoin's 100k milestone.

Lining up the quotes of these legacy system investors and commentators crack me up:

These guys? NGMI. But you, dear Stackers, are.

Happy Thursday

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121 sats \ 3 replies \ @siggy47 5 Dec

I don't know. Spiking the ball and gloating just rubs me the wrong way. First of all, why are we promoting USD unit of account? Aren't we against fiat? Secondly, IF you are going to judge bitcoin success against fiat, remember that 100k in 2024 isn't 100k even from 4 years ago. Trump and Biden fiat printing should be considered.

43 sats \ 2 replies \ @crrdlx 5 Dec

Spiking and gloating is never cool. When you win in sports, you don't need to spike the ball and brag. You won.

10 sats \ 1 reply \ @siggy47 5 Dec

Exactly. And, we're using their scoreboard.

43 sats \ 0 replies \ @crrdlx 5 Dec

In US college football over the weekend there was a lot of visiting teams coming in and beating the home team, then trying to plant a flag midfield on homer's logo, then a brawl breaks out. Kind of what bitcoin is doing to fiat. Planting that orange B flag.