What’s the rug pull?

How long until congressman and senators are kidnapped while on family vacations abroad?

Great precedent we’re setting.

I paid full price for a collectible Blu Ray movie only to discover my PS5 has the wrong region code. Tried for 3 hours to get it to work and gave up.

A way bigger opportunity exists. Cheap bitcoin. Consider yourself blessed. You will never see these prices ever again in the coming decades.

The “AI” race is mostly just about securing compute for the US. It’s a chip war. Generative AI is a parlor trick to get the most hash rate possible on US soil. That compute is then used to mine bitcoin or secure another proof of work digital currency. Elon is smart enough to know you need digital gold baked by compute, not digital fools gold backed by IOUs and empty promises.

Monetary instruments, including bitcoin, are a completely fake construct designed to steal your labor. The more you know 🌈

Yeah and it’s being dumped

Society is built on trust and enforcement.

You don’t mint globally. You have reputable mints with understood purities of metals in the coins. The most successful mints are state mints (US coins, Canadian coins, British Coins) because the reputation of the people and their ability to trade is tied to the purity of their coins. Private mints don’t get the same traction but can still compete largely for reserve status rather than daily trade.

This works best when you have high trust societies with enforced borders. (This has been a challenge over the past twenty years globally. Some may say this is being done by design.) Within those borders, counterfeiting is punished.

You’re asking questions like “how will this work” when commerce is and was conducted in this fashion for long periods of time.

Key management for crypto is ridiculous. The attack surface is global. Theft can’t even be prosecuted due to the coin mixers everyone here praises. The result is everyone is just a “zapper” with off chain “trust me bro” transactions facilitated by Strike.

Primal and NOSTR will be remembered, in hindsight, as marketing arms for privatized central digital currencies claiming to be facilitated with Bitcoin. We are joyously enslaving ourselves to a global tyranny.

Not 100% in the short term, but long term inflation over the past 60 years is attributed primarily to increased money supply in the US.

Precious metals already scaled globally as coins. They also scaled as gold certificates aka US dollars. This was prior to being taken off the gold standard. It was so powerful it became the petro dollar and used globally for trade.

Crypto wallets are easily blacklisted from exchanges. Just wait until they are blacklisted by brick and mortar merchants who want to remain “legal.” Everyone is obsessed with building the prison and linking the chains used to enslave future generations in a techno feudal future.

It has 0% to due with expectations and 100% due to supply of cash.