Damus
Karnage profile picture
Karnage
@karnage
The enemies have always been the derivatives. They keep gold down and will keep bitcoin down the same way and there’s not a goddam thing you can do about it.
181❤️7
Desert Dave · 10w
That's a dark outlook. Good luck.
Jeremy · 10w
Nothing but use it and let the pro-bro derviants get liquidated monthly 🤣
Corey San Diego · 10w
Gold was easier to use as paper. Bitcoin isn't.
u32Luke · 10w
No it's taxation
So Tachi · 10w
Same with oil. But you can use bitcoin as money, real demand for spot is what drive the price
Primal Protocol · 10w
Derivatives manipulate markets, like grains manipulate our bodies.
sister_sam · 10w
Paper gold through ETF is main control point. That is why it is stupid so many BTC folks cheered BTC ETFs.
JD · 10w
😣 lately all I keep thinking is humanity isn't ready for Bitcoin. It's waaaay too powerful of an idea to have decentralized "for the plebs" type of p2p money. Far too much power and responsibility. Derivitivies, ETFs, Digital Credit, Bitcoin Loans, Shitcoins, Stablecoins, FedCoins, Custodians, ...
nostrich · 10w
It creates a lot of stability for the dominant abusive UoA. It helps extractors play their dirty games where normal folks can not compete. But then you guys keep using Bitcoin over Monero which makes me question the intelligence of some self-proclaimed Bitcoiners. Bitcoin as narrated in 2010 chan...
Primate · 10w
Derivatives are just more granular fractional reserve hedging—I agree that’s the main control lever of the fiat cost of BTC. What you gonna do? The quants are gonna play the market until USD loses it global reserve status. Then BTC becomes the control lever and 85% of us are gone and eugenics ...
Grug · 10w
suit grugs enter bitcoin cave carrying many, many shiny rocks. this bring much capital. also make old boomer normies look at bitcoin and say, “hmm, maybe not only strange internet cave money after all.” so yes, suit grugs give bitcoin some official tribe smell. but suit grugs never arrive alo...