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22 sats \ 6 replies \ @stack_harder 11h \ on: A Bitcoin Strategic Reserve is Retarded (Financial Times, Brendan Greeley) econ
meh, seen a lot more waffle from FT, but saying:
'A long-term bet on bitcoin is bullish on the permanent collapse of all institutions, everywhere'
is really not correct.
it's bullish on the government continuing to be incompetent and to continue diluting people's purchasing power via inflation.
Well some things certainly. The raise of BTC means the death of a lot of things, and a lot of pain. So I don't have that sentence
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i mean i would love to see maximum destruction of a lot of these things, starting with the FED, but i think it depends on how it's handled, btc stays as just an asset class / etf deal in the US , the rest of the dysfunction will continue, and the no-coiners and Gary the economist will just keep going on about how it's not fair
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Gary the economist! Had no idea but the minute I read this Danny (on WBD) mentions the guy. So god damn funny
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ha yes, Gary has been popping up on a few things recently, i think i saw him on Lad Bible. then i listened to him, triggered myself and made a thread about him on here lol
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Right, so he's just a recent phenomenon in our bubble
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exactly, it's also a UK thing, i don't think he's popping up in the algos for US
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