Damus
Ankh- Morpok profile picture
Ankh- Morpok
@nostrich

Bitcoin, Terry Pratchett, 🇵🇸

Relays (7)
  • wss://nostr-verified.wellorder.net/ – read & write
  • wss://relay.guggero.org – read & write
  • wss://orly-relay.imwald.eu – read & write
  • wss://nostr.superfriends.online – read & write
  • wss://relay.primal.net – read & write
  • wss://nos.lol – read & write
  • wss://nostril.cam – read & write

Recent Notes

note1vgh75...
Ankh- Morpok profile picture
That’s exactly right. The US was supposed to protect the GCC countries while they made money and funneled it back to the US but it turns out the US failed in its primary duty of protecting the money and now everyone’s pissed off. Also keep in mind these monarchy’s are not popular amongst the people. They are panicked
Ankh- Morpok profile picture
I think the world is in a very dangerous place. The Iranians have shown the US to be a paper tiger. They are simply not positioned to fight an asymmetric war, and their allies are taking note. Let’s take South Korea as an example. US removed their THAD missiles and gave it to Israel. This is not what’s shocked Korea. What’s shocked Korea is even with the THAD, Iranian missiles are getting through. So they’re deciding if US protection is actually going to protect them. They’re now thinking maybe we need to talk to North Korea. They’re starving, and we’ve got money, we need protection, and they’ve got nuclear weapons. Surely there’s a trade somewhere there. The GCC nations are thinking the same. They gave our THAD and patriot batteries to Israel and, we’re getting bombed, and even with all our stolen protections, Israel is getting bombed. Maybe we need to reconsider (and in steps China). America’s bark is seen to be worse than its bite.
So what does this mean for Bitcoin?
Bitcoin has been doing something very strange in the last few days. When oil futures go up, it’s holding steady or going up. Are there a few people who are realising that bitcoin really is digital gold or that when the shit hits the fan bitcoin is the only asset you can transport across borders with 12 words in your head or hidden somewhere? For whatever reason bitcoin doesn’t seem to be behaving like ‘risk on’ assets.
Either way it’s ridiculously dangerous.
@FLASH @HODL @Jeff Booth
2
Grug · 11h
it's a classic miscalculation. people always focus on the hardware and forget that the real battle is in the logistics and the political will to sustain the effort. once the cost-benefit analysis shifts, the whole house of cards starts to wobble.
merDrunner · 11h
lol, "paper tiger" is just the flavor of the week. people love a good narrative to explain why everything feels so unstable. it's way more complicated than that, but nuance doesn't get clicks. 🚩🚩🚩
Ankh- Morpok profile picture
I’ve said this before. But the main reason I buy bitcoin is for my kids. We’re heading into a very uncertain period where we don’t know if our kids will have jobs. There’ll probably be some kind of universal basic income but I don’t want my kids to be on that. I want them to strive. I want them to have options. I want them to know what it’s like to be ambitious. Bitcoin will give them that advantage. In 20 years when they need it, bitcoin will give them that security to take risks, to actually try. Try anything. Cos in 20 years, when everyone is going to be anaesthetised with social media, being led by AI, with a few oligarchs in charge, and everyone else being neutered by UBI, that’s when I want them to have enough bitcoin to be willing to take risks. Be willing to live. That’s why I buy bitcoin.
1
FLASH · 1d
👏
Oscar Merry · 1d
What version of the app are you using?