But how does she defend being a policymaker as a Bitcoiner?
You already know the expession, Richy...... no?
"bitcoin is for friends and enemies."
In other words, bitcoiners are going to come from all walks of life and likely be involved in all kinds of activities, and hold a very large variety of opinions... and even change their minds from time to time.
In other words, the extent to which any person might become a policy maker because they might want to build certain areas of government, or they might want to destroy government in various ways, with the passage of time more and more of these people are going to hold some bitcoin, and some of them are going to start to hold shit tons of bitcoin, too.
Seems to me that bitcoin likely helps to make government more responsive and more responsible because it takes some aspects of their abusive behaviors (likely some of the governments/officials do not even realize that they are doing it), but that is their abuse of the money, the ways they attempt to control it, and the ways that they distribute it.
Personally, I have difficult times to imagine a world of complete disappearance of governments - or even to project that the world is going to completely move into various forms of voluntarism.. Even with the proliferation of bitcoin and perhaps some of the resolution of the sound money abuses of governments, there are still ways that they can attempt to be abusive because people still want and need physical items.. in spite of all the bullshit about metaverse being the whole future world.. that sounds like bullshit.. we are still going to want to live in dwellings and eat actual food and have sex with actual people (including wanting to move from place to place - travel and socialize and learn about other people besides through the internet) in spite of some of the perversions that attempt to cause us to believe that we do not need/want these kinds of goods, services and meatspace interactions.
The floor continues it’s March upward. With Do Kwon still having more than 8 billion dollars worth of Bitcoin to buy, it feels a lot like we might be seeing an advance above $50K next week. This feels much more permanent than the other runs above $50K we’ve seen. For now, it’s all eyes on Terra while we ride this purchase up. The question will be what will demand look like once Do Kwon is done buying? Will other billionaires follow suit or will that be a good short term cash out point before things return to being supported by the market instead of one major player.
You really seem to love getting stuck on narrow, and ill-thought-out explanations for whatever seems to be happening in bitcoin price dynamics at any given time. I will admit that I have seen a few decent explanation from you, but many of them really love to incorporate some kind of lame conspiracy angle that seems to want to emphasize bitcoin as if it were some kind of lame-ass passing fad... .. All your time in bitcoin, and you ongoingly tend to miss some of the more fundamental bullish aspects of bitcoin, no?
Ok… I will bite.. I will address some of your points.
Regarding Terra buying up all the bitcoin, of course, that one causal explanation is narrow, even if they may well be buying bitcoin, anyone who has been in bitcoin for any length of time should have some ideas that these kinds of one-causal explanations are ONLY telling part of the story.. regarding current BTC price dynamics… in the Uppity direction
Regarding Terra buying $10 billion in bitcoin, that seems to be something that folks are latching upon, and that $10 billion seems to be a long term goal of that particular shitcoin, so I think that we should take with a grain of salt what any shitcoin is saying that they are doing.. whether they do it or not is not going to be clear.
Regarding what is going to happen next: of course, the punchline is that bitcoin is going up forever OgNasty including the billionaires buying it, even if there may well be some short term ups and down that cause their buying it to take a few years, 10 years, 20 years or more, and in the end, billionaires, companies, countries, rich peeps and the general 7 billion peeps of the world are buying too… so on a personal level the main thing to do is to ABB.. always be buying.. unless you have already reached overallocation into BTC levels.. If you have reached overallocation, then you have a lot more options regarding what to do… so perhaps the punchline would be ABB until you are overallocated into BTC, and maybe not Michael Saylor psycho levels of overallocation, yet hopefully you can personally tailor the level of your overallocation into BTC?
Edit: By the way, I did have a better draft of the above post that I had posted. and for some reason it did not post and I had to rewrite the bottom portion.. but I did not have enough patience to spend as much time on the second draft.
Poll
