"Money printing" is just the re-allocation of people's time and energy by tbe ruling class. US GDP, when adjusted for M2, has consistently fallen since 2008 -- showing this re-allocation has failed to stabilize or grow the economy, conversely causing a decline. Tragic. image
I have always thought of bitcoin as a social experiment. The odd revelation over the years is that progress can feel so fast, yet so slow, all at the same time. And there is only so far certain most personalities or generations can carry the ball, before coming stale and needing to pass the torch. Such is the reality of social change. Stay humble. Stack sats.
Sitting here staring at the US M2/GDP chart, and thinking "the Fed will be increasingly easing, and there is already so much fucking leverage in the system, it is not translating into economic growth, and we are so very fucked." Prices are going to keep ripping so hard. Please, people, stop storing your time and energy in fiat. image