Damus
Jeff Booth profile picture
Jeff Booth
@Jeff Booth
Stay safe out there:

Accounting tricks to pretend losses don’t exist only work if manipulation of money is increasing fast enough to keep the ponzi going!

#Bitcoin
58❤️43🤙63
Fat Bear · 171w
Their going to fully reserve the debt? FED balance sheet to ~30T?
Chiefmonkey · 171w
Would it be fair to say they got to keep it afloat long enough to transition to CBDC’s …and that the further they allow it to crash the greater the gains for the most powerful, but the greater the opportunity for bitcoin? So a tricky decision pivoting on greed?
Nick Carraway · 171w
Same page, Jeff. Similarly, thinking back pre-GFC, we saw hedge funds bring massive leverage which dampened natural market volatility and Brownian motion. It created the illusion that models and trades were working, which brought more leverage and distortion. But it was all a self reinforcing l...
StackItDeep · 171w
You know the fiat Ponzi is in trouble when bankers work on the weekend! (which they did) Even when bankers work weekends, 1 Bitcoin is still worth 1 Bitcoin.
inah · 171w
This an elegant simple framing "the world just gets hard for people who still respect the dollar, and easier for people who respect bitcoin." https://twitter.com/inahcitadel/status/1637767493694390275?s=61&t=sslsb6cHI--E-SPRLCBg4A